Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-04-23

u" man me demand Tor That supply, glut
OIL tue market is inevitable, even if we sup
pose both 10 remain perfectly unobsiructed.
The duplication Of our population takes place
IN terms of about twenty-five wears. The
term VIII be more and more extended as our
numbers multiply. But il will be n sufficient
approximation 10 assume this ratio for the
present. We increase therefore, in population,
at the rate of about fsur per cent per annum
Supposins the increase Of orr production to
be In the same rato,we should, every succeed
ing year, have of surplus produce, four per
cent. more than that of the preceding year,
without taking into the account the differences
OF seasons which neutralize each other. If.
therefore, we are TO rely upon The foreign
market exclusively, foreign consumption ought
10 DE shown To be increasing in The same ratio
OF four per cent. per annum, If it be an ade-
quate vent for our surplus produce. But, as
have supposed the measure of our increas-
ing production to be furnished by that of our
INCREASING population SO the measure of their
power OF consumption must be determined
by that of the increase of their population
Now the total foreign population, who con-
sumo our surplus produce, upon an average,
40 not double their aggregate number i'm a
shorter term than that of about 100 years.
Onr powers of production increase then in a
ratio four times greater than their powers of
| consumption. Aud hence their utter inability
TO receive from us our surplus produce.
But eddy, IL they could, they will not. The
policy of all Europe is adverse 10 the recep-
ton of our agricultural produce, So far as it
comes into collision with its own and under
mat limitation we are absolutely forbid TO
enter Their ports, except under circumstances
| Wnlch deprive them of all value as steady
market. The policy of all Europe rejects
those great staples of our country, which con-
s'st OF objects of human subsistence. The
poIIcy OF all Europe refuses 10 receive from us
any thing but those raw materials of smaller
value, essential to their manufactures, to which
they can give higher value, with the excep-
lion OF tobacco and rice, which they cannot
produce. Even Great Britain, to which we
are us best customer, and from which we re-
ceIve nearly one half in value of our whole
imports, will not take from US articles of sub
sIsteuce produced in our country cheaper than
can be produced in Great Britain. In adopt
ing this exclusive policy, the states of Europe
do not inquire what is best for us. but what
suits themselves respectively they do not
take jurisdiction of the question of our inter
esis, but limit the object of their legislation TO
that OF the conservation of their own peculiar
interests, leaving US free TO prosecute ours az
we please. They do not guide themselves by
that romantic philanthropy, which we see
displayed here, and which inyokcs us to con-
tInue to purchase the produce of foreign indus
try, without regard to the state or prosperity
OF our own, that foreigners may be pleased
to purchase the few remaining articles of ours
which their restricted policy has not vet alb.
snutely excluded from their cnnsnmntion.-
what sort oi nsure would member OF the
British Parliament have made what sort of
reception would his opposition have obtain
ed, II he had demonstrated against the passage
OF the Corn Law, by which British consump-
ton is limited to the bread-stuffs of British
N 81,
| can, aud stated that America could not and
would not buy British manufactures, if Britain
did not buy American -four
Both the inability and the policy OF foreign
powers, theD, forbid us 10 rely upon the for
eign market ms being an adequate vent Tor the
surplus produce of American labor. Now LET
us see II this general reasoning is not fortified
ana confirmed by the actual experience of
this country. II the foreign market may be
safely relied upon, as furnishing an adcoua,e
demand Tor our surplus produce, then the
! olhcIai documents will show a progressive in
crease, from year TO year, in the exports OF
| our native produce, in a proportion equal TO
mat winch have suggested. IF, on the con-
uary, we shall find from them that for long
term OF past years some OF our most valuable
staples have refrigerated, some remained STA
tIoDafy, and others advanced but little, If any
I'd amount, win the exception Of cotton, the
ence VIII alike command us to withdraw our
confidence in the competency ofthe foreign
market. The total amount ofall our exports
ot domestic produce for the year, beginnint, in
1888, and ending on the SOb September, 1896.
was S4O,7G4,007 Estimating the increase ac
cordnS to the ratio of the increase of our
population, that is, at four per cent. per annum
the amount of the exports of the same pro-
duce IN The year ending on the 5Oth September
last ought to have heen s854eO,s61. II was
m TACT only Si7,155,403. Taking the average
OF five years, from 1908 to 1907. inclusive.
the amount OF native produce exported was
Sl3,202,7j1 for each Of those years. Esti-
mailing what 1t ought to have been, during
the last year, applying the principle suggested
10 that amount, there should have been ex-
ported 77,7G6,751 instead Of s47,I55, 4D8.-I
u these comparative amounts of the aggregate
actual exports and what they ought To- have
bren, he dlscOuragng, we shall find on des-
cendinS into particulars, still less cause Of sa-
! tlslaciiOn. The export of tobacco in 1901
was 1l2'426 hogsheads. That was the wear
l'ui me largest expectation Of that article but
u rs the only instance in which have select
! 20 The maximum OF expectation. The amount
| OF what we ough. TO have exported last year
| estimated according 10 the scale of increase
when nave used, is 2G6,3S9 hOgshsads.-
| The actual export was gg,On0 horsheads.-
| We exported in 8OS the quantity ofI.sf1.85s|
barrels of -four and ought TO have exported
last year 2,JG 1873 barrels. We. in fact. ey-
ported Only 75G,7O2 barrels. Ofthat quantity
we sent to y. America, 100, 900 bbls. according
70 statement furnished me- by the diligence ola
| Trend near me MIR. POnsett) TO " hose yalva
be mass of accurate Information, i'm regard IN
mat Interesting quarter Of the world, ! have
I'D 90 Hsu.a a.