The Sun.
London, England, 1826-01-23 00:00:00

More time must elapse before such a body of successive facts can
be presented und:e• it as may lay a.foundation for confident con-
clusiiiint. The law itself; by the terms of its- enactment, has
not yet come into full operation in all its parts, and then returns
in poseession of the treasury, are not yet complete, even for the
.short period during which its principal provisions have had any
efff.6oty. One thing seems apparent-that its etfect,, up to
.the present period,- has not been to diminish the general ag-
gregate of the foreign trade of the country. In estimating the
value of the importations for the last year, it is probable that
even an increase will be found to have taken place in AMC ar.-
tides on which the (kitties ware raised ; as in fabrics or cotton,
4141... in several articles composed of iron ;. whilst in .other ars
'tides of this lest material, as well ee in some articles com-
posed of wool, a decrease will be observable. lint a fact chal.
lenges notice that can scarcely have been without its, operations
upon our iinportations during the commercial year just closed.
It is extensive changes that' were announced-in' March
last in-the tariff of (ireat Britain. The trade of that country
exerts such an influence upon the trade or other countries,
that any important alterations in the former must always
be likely, to ail'ect, to a...greater or less extent, the markets
of Europe and of • the "commercial world. The larger ad-
mission in England- which the above changes authorized, of
the -cammodities .0' other countries, heretofore positively or
virtually excluded For ages from her ports, most have affect-
ed the.prices of a portion at least of those commodities, by the
prospect of • a new vent then suddenly opened to them. This
Is known to have- been the casein regard to some commodities,
the duties upon -Which were lowered by. the British tariff,
which commodities are also amongst those imported from
Europe into the United States. It is presumable that it may
have been the case in regard to others less distinctly known.—
Hence the- additional value of foreign merchandise imported
into the United States during tile past year, -• cannot, in all cases,
be taken as the trite measure of ins additional quantity, the laws
of the United States requiring the vahte of foreign articles to
be fixed at the port of exportation, and at the time of exporta-
tion. Theme changes in the British laws of -trade, operating
simultaneously with the new tariff at its commencement, in.
crease the difficulty of ascertaining it this juncture the exact
effects of the latter, even for a single year, upon the course of
the foreign trade•Of the United States.
. The importation for the year being- so large, and the provi.
sinus of the new tariff mainly attaching to them, a correspond-
ing amount of revenue will arise from this source, during the
year. Accordingly, the gross amount of' duties accruing upon
imports and tonnage, trout the Ist of :January to the 13th of
September last, is estimated at 25,500,009 dollars. The gross
amount that will probably acetate fur the whole year is mi.
mated at 31,00,000. Should this amount prove to be correct,
it will exceed, by 0,000,000 of dollars which has accrued dor-
- ing any one year since the excessive importations that imme-
diately followed the war; viz. those of 1815 and 1810.
In estimating the clear revenue that may be expected to
arise from the duties of the year, the amount of them to be.
drawn back on exportation of the articles on which they have
accrued that may' happen, and the expence of collection, are
all to be taken into consideration. The duties by bond during
one year, are chiefly payable in the year that follows. A por-
tion is payable in the same year; hut this is generally coun-
terbalanced by the portion that also become% payable in the
next year, on the importation of that year. It will be More
than counterbalanced if the importations prove greater, and
will not. be met if' they prove leas. Debenture certificates. for
payment of drawback being demandable at any time within a
year after the importation of the articles intended to be export.
ed, the number and amount of them rhargeable upon the ac-
cruing-duties of the year can never be accurately foreknown. •
The debentures issued during the three first quarters of the
present
year, amounted. to 4,489,710 d. 29e. This is more by
1,637,7Jd. 99c. than those issued during the corresponding
period of the preceding year: The amount of those nutstand.
lug on the 30th of September last, and chargeable upon the
revenue of 1820, was 1.058,315 d. Ostca which is more, by
854,8131. o.lc. than was chargeable on the same. 'day, in 1824,
upon the revenue of 1825.
The amount of duty bomb In suit on the 30th Sept. last was
2,987,3471. 22c. which is 92,791 d. 98c. more than was in suit
on the same day in the year preceding.
Deducing from the foregoing statements the conclusions and
probabilities that may at present seem warrantable, the receipts
for 11326 are estimated as follows,
Prom Customs . 21,000,000 00 •
From public. lands - 1,000,000. 00
From Bank dividends - 385,000 Oil
Irons miscellaneous anti inci.
dental receipts

- 110,00 00
....—..---
Tito expenditures of the year are esthuated 25,500,000 00
.
Civil, miscellanent.s,.and diplo-
matic - 2,032,454 80
ltlilitery service, including forti.,
iicsitions, ordinance, Indian de.
pertinent, revolutionary and
military lir talons% arming the
and arreatagea prior to
the Ist of January, 1817. - 5,525,862 5G
Naval service, including the gra-
dual increase of the navy 8,02m13 81
Public debt - 10,000,000 00
..----,-20,104,730 OS

Which will leave 'in the Trea.
sury on the Illst of December,
1826, idler satisfying all the
demands of that year, a stir.
plus estimated at 4,915,259 93
If the remark be entitled to any attention, that the recent
ulteratione in the British laws of trade have effected the Me.
pottatione into the United States during the existing,year, by
increasing their ad valorem, amount, It ought not to create aut.
prise if the value of importations in 11328 'should fall below
those of 11.12 a, because, admitting that theme, laws served on
their first promulgation to enhance the price of certain nu-
inerated commodities in the markets of Europe, it is not pro.
bable that this effect of them will be either extensive or per.
manent. One of their main provisions is known to consist
in a reduction or the duties upon a list of articles manufne.
tared in the different countries of Europe, .as well as in
Britain. But the most importent articles of this list were
already so thoroughly established in the manufactories of
Britain, as to be beyond the reach of competition from abroad.
'fence the privilege of introducing them there, and especially
to any large extent (meaning' for consumption in Britain,
without here alluding to her warehousing system), inust prove
in the used to be nominal rather titan real. Among the list are
seen fabrics of woollen, of cotton, of linen, or hardware; and
the new scale alludes is to have Added to them, in every elute,
the amount of any internal excise duty previou,ly existing, or
which may at any
time afterwards, he inipusid upon the same
articles, when manufactured in England. The forecast of that
country, iu all that relates to the interests of her manufactures,
justifier the belief that she will not fail to conciliate the con-
tinued protection of them, with whatever other abrogations
shit may ingraft upon her commercial code, either in relation to
the other nations of the world, or to her own dependencies in
whatever part of it.
It has been seen how largely the exportation of our own
manufactures, during the past year, has exceeded the mettle-
dons, of the two years preceding. It may be added, th.tt in no
previous year since the inundatian of the flovernment, has
the exportation of American manufactures readied an a i aunt
at all approaching to that of Jll2ll. This is known from
official documents as far back as 1803, and no doubt can
be entertained of its being true for the remainder of the
,period. This fact, in coneunction with the increasing con.
eumption of these manufactures at home, and not less of
their improving quality, give.; gratifying assurance of the pro.
grese of this most important branch of the national industry.--
It may be considered as marking the commencement of an
epoch in the tuitional resources, since ttn intimate connexion
is believed to exist between the full encouragement and sue-
ee4S of domestic manufactures, and the wealth, the power, and
the happiness of the. country. The United States would,
it is thought, overlook what is due to the essential interests
of their itgrieultare, 'which .can .never reach the full point of
prosperity but under the constant and various demand of the
home market; of their commerce, which can never expand
to its full limit of activity, or reap its fall measure of tithe',
but with the aids of an active home trade, and of an export
trade enhanced in its value by being diversified in it. objects;
of Abe eraherenee of their soil, yielding the best materials
fbr so tunny of the fabrics which conduce to the wants, the
c"lh cin forts, end the reernenta of the social state t or the
industry, the enterptia,:, the frugality of their people;
of the unrivalled equality of their laws; which, in-
terdicting exclueive rights. and monopolies, invites
the moat energetic exertions of every individual In the
field of competition; and finally, of the advantages flowing
from the absence of pecuniary exactions by the hand of govern-
ment upon the internal products and labour of the country, if
they do not vigorously uphold the manufactures of the country
now for the first time appearing to be upon the ere of striking
root. It is 4 commencement that deserves every seasonable fan.
prevenient. By s flourishing suite of manufactures, we shall
see rioting up a new (dim of capitalists, rivalling in the extent'
and usefulness of their operations, anti in die amount of their
gains, the wealthiest ofour merchants ; spreading, too, by the
education and habits for which their pursuits concentre. By a
flourishing state of manufactures, we shall see the gains of
the merchant augmented even in his -trade of imports, since for
every foreign fabric at home, other fabrics will find their way to
us, consumption having no limits but the ability to buy this
ability invariably increasing AS home manufactures assume
variety and attain perfection. It is then that they create and
diffuse wealth, by what is the only true foundation of it in 4