Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1805-11-09
sscx rak AugnrcAa MlnounY.

FScx THE AMERICAN MERCURY.
- u.I 49,, &c r1x
Tie jallozvigg 10 extracted .j5-o.s; fhe Connee-
fieus CouTcnn.
ga Snort cATEcHIsM. "a
ii What was the value. u. f5fsrfs TO
the United Statesin theyea 1904
N-EiShly million dollars. 10
o. What was the yalueof ss3tosf6 from
the United States inlhe year 1904 49,.
: 4-Seyenty-ses rnIilion, six hundred
nhety-Gine thousand and seventy -four doll
= GLOW much did the imports exceed
The exports in The United States the last
year? " ~,
1.-Two million, three hundred .thou-
sand, pine hundred and twen,y-six dol
lars. sTs
Q--When . nations imports exceed its
exports, hca is the balance PAID
| Il he excess is payable Only in cash /;
and IN such case the balance OF trade is
uniayoraoe, es Hiore money upon the
whole, il carried oul OF the country than
is brought intoit. ,.
Q--AVhen the imports ola nation gene.
rally exceed. its exports, what will be The
hOal consequences
Z ~ The inevitable con- sqnsnces final
| X will be public and private d;s,ress. Asa
tsWiIy that spends annually more than its
income, will sooner or later be plunged
into OBSERVATION-DISCLOSURES so it must fare
with nation, whose imports, generally
and for a considerable lcuglh of time, ex-
cssd its exports"
RKAARKS.
!. The foregoing questions and answers
are exactly adapted 10 the support Of the
cause of federalism. They were design
ed 10 shew that the country was not in
prosperity under the present adininsrali-
on But.ifey are an insult offered 10 the
understanding Of every man of commoa
sense. Any man who viii give himself
the tYouble to refieci single moment on
The subject, cannot fail TO see the imposi.
,ich and absurt!ity attempted 10 be played
OH The foregoing caischisrn.
The reasoning in the Ceursnt is, that
-four g imtorfs exceed our cohorts he in
eyisablc consequences will be fl5lc and
f.ri1'afe aistreSs."
Let us examine the reasoning BY COM
mon serss, and leaf il by familiar exam
pies.
! shipped from the United STATES Tie lass
year, had seen worth here Only Tqcenty
! millions ~ DcIcts, and ths, il had been
exchanged for foreign produce, which,
| when imf.srted and brought mo ghe Unit
ed States, was worth Sirty miiiions q, dollars
i-Now common sense wouid say, that IL
only fT9enfy millions, of properly lad been
" eT7'orfed," and We had rec..yed for il,
and . fmfiorfed' sirfy millions, that the
country was Hourishing and increasing IN
| riches beyond example. Bu; accordin., To
the Conrant, our country will be ruinsdif
cur $ IMPORTS" exceed cur "FxPoRrs's
--which is equivalent 10 sa; ing, that the
country will be ruined if our produce viii
sell Tor more in foreign market than il
is worth at home.
we viii put another ease----An indiyi-
dual sends a vessel 10 the West Indies
WIN cargo worth here only one thousand
ceiEarS, bot he has the fortune to sell IL az
the port OF destination for fe,, thousand doll
sorS--- 5000 dollars is returned in cash, and
the other 5000 is imported in Rum, SUI
gar, Molasses spd Salt.-Nov, according
to.every kind OF arithmetic but federal po-
lll,eal arithmetic, the man has made ave.
| ~ great and profitable voyage, and the
country is enriched by it--But if the Fe-
deral catschism is to be the rule Of iudg-
ing, the owner viii be disfressed,'' aud
cur country Impoverished and ruined by
+ such course Of trade, Tor the imnoris
greatly exceeded the e1forfs.
Why, Mcssrs. Editors Of the Courant,
this BEATS allyouF former gull catching"
this is pre-emiaeDtly enc Of The a.cep-
tive arts ofDemagogucs.