Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-02-08

cie5 OF eXpor; from Europe TO the East. Now
really II pnzzIes Us 10 imagine how the coun-
Try should be enriched, as 1t Internationally
has been. by exchanging the precious metals
TOT the teas aud nusiins of the CLiues, and
ina HihdoOs, aud Impoverished by exchang-
my them tor the corn, wine and silks of the
French What are the advantages derived
from our trade with the former that uis ht
mol be realized, and in a teDiold proper ton,
ny maintaining a similar Intercourse with the
ldtters
tiShowever. gross error, that the French
wound oniy exchange their COMMODITIES for
soiu anu SILVER. NO gold or silver can ever
be exported from Que country to another. uu-
Tess treir value Is lower in the exporting csun-
Try imam IN that 10 which they are exporletl
Dht among countries situated in the iinInedi-
dte vicinity OF each other, and without mines
The value of bullion Is always extremely near
a par; and II Is therefore of all commodities
me ierHt likely 10 be made the subject of ,nercan
TIE SpeeuiatiOns.-T demand tor the precious
metals is comparatively steady; and only
very small extra quantity could I've imported
INTO any particular country without siakins
Their rdlae The bullion of Great Britain
therefore, could act be imported into France
w'thout reducing the value of French below
tidt OF British currency; and consequently
without causing such a rise in the price OF
frehch commodities, and such a fall i'm the
price oil those belonging To this country, a,
"ouiu, oS checklng the Importation OF the
FORMER, aud encouraging the expor,atiou nf
The latter, throw the balance OF paym.nts m
our FAVOUR, q prevent our being d priyed of a
due proportion otthe precious me tais Bullion.
IL must always be iecollected, is a commodity
ana nothing Out comm0ditU Ii il neyerpx
ported, except when It's expectation is most
advantageous; that is. when il is valuable at
home, aud more valuab bic abroad than any other
commodity. The balance OF payment might
oe thousand millions against this country
without Causing the exporiatioH of a siuri.
ounce OF bullion. The merchant, vino deals
III the precious metals is. we NAV depend uuon
II, as much under the influence OF self interest
as The mel chant who deals in COTE or indigo
nut Whdt merchant would export these com
mobiles 10 Paris, to be sold Tor flOO or 4:lOoo
II ne could dispose OF them at home for 6 10 or
tilOo Bullion. in short, like every other
commodity, IS exported 10 tnd its ieuei, not TO
uss.poy n' hen our merchants export their
precious metals IN preference TO other COM
moditiss, II IL decisive proof that thew are
cheaper here than in the foreign marker and
consequently that their expectation must be
advantageous. -
The profit on our transactions with to-
reigners, consists not ia The quantity of rold
anu SILVER imported from abroad hut i'm the
excess oil the eniue value OF the imports over
Tue entlFs value OF the experts. 1t, i'm return
tor an expectation Vt commodities worth Zen mr.
ttrenty millions, we import commodities .orth
Vt6e! or thhfy millions, we shall gain so per
cent by the operation. and that althonnb fhe
exports should have consisted entirely OF buI-
non and the imports OF cotton sugar wine 30
Ii Is ridiculous prejudice thar Womb in3,,n.
rs 10 import bullion rather than auy Other
commodi'y: or that would stimulate us 10 fetI.r
as efportmton. But whatever the partiz3ns of
tue exclusive system may say about its being
apr9Ga6ie product, merchandise par e.rceiiencee
we may be assured il will never appear i'm the
liSt oil exports and imports, while there is any
other commodity with which TO carry ON trade
which will yield larger profit"
" 10 impOrp says DR.. Smith the gold md ella,
"hCn may DE wanted into the countries which bay.
no mines is no doubt parI OF the business of FOREIGN
commerce. IL however, most insignificant part "a,
IL. country which carried foreign trade ,ne,eiv
On inns account could scarcely have occasion to freir
Nor is ms all. nation which is i'm want of ,non.v
~ "so Se ~ n"n' OF other commodities in as much
40 Iheh oiI5 wan. money because it is The readiest
meahs OF Increasing their commands over the ncrcssa
eS anu IuA9ies OF ilie Until the of proanction
shdh De equaiHeo, there must always be demand in
our country ior those commodities Inch can he -"
uueed cheaper IN ahother. until The desire 10 ac
cuhhI2t shaii nave been banished from the Lunsu
breast there must always be an inclination 10 rxnor,
commodities from those countries where their ON
changeable value is least to where il is greatest
I'VE snail give further extracts hereafter