American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1825-12-30

The imnorts have exceeded ninety -one millions.
OF the exports, upwards of sxty.six millions we're
of domestic, and the remainder OF foreign produc-
tiops. -
Of the imports, upwards Of eighty.six millions
were in American vessels. or the exports, up
wards of eighty one millions. Considering that the
vessels OF those foreign nations with which the Uni
ted States have the most extensive commercial IN
tercourse, are now placed upon footing OF equall
y as 10 duties and charges, OF whatever k'nd IN our
ports, with the vessels OF the United States, this
heavy excess Of American tonnage is signal proof
OF the fourishing state OF our navigation. 1t may
serve to show how the efficient protection extended
to by the early laws OF Congress succeeded in es.
tablishing it in manner to meet and overcome all
competition. Before the era OF those laws, It Is
known how this great interest languished how lit
tie able it proved before the auxiliary hand OF Gov.
eminent was stretched out, 10 support itself against
the established superiority and overwhelming com
petition which it had to face in the world.
The foregoing amount OF exports exceeds, by
about seventeen millions of dollars, the average
amount for the three years preceding The i'm
ports exceed, by about eleven millions, the same
average. Whilst this large excess Of exports dur
ing the past year arises chiefly from the produce OF
the soil, it is satisfactory to know, that domestic
manufactures have lent their contribution OF the
latter there have been exported to the value of be-
tween FIVE and six millions of dollars. This is an
excess OF eight hundred thousand dollars over those
exported in 1924, and Of more than two millions oil
dollars over those exported in 1928. The progress.
sve increase in this branch Of industry is naturally
ascribsble to the new tariff.
The effects Of the tariff upon the course Of our
foreign trade, in other respects, have, as yet. been
nut very partially disclosed More time must elspse
before such body of successive facts be presen
ted under il as may lay foundation for confident
conclusions. The law itself, by :he terms OF its
enac ment has not yet come into ful! operation in
all its parts. and the returns in possession OF the
Treasury are not yet complete, even for the short
period during which its principal provisions have had
any efficacy. One thing seems apparent: that its
effect, up to the present period, has not been to d.
minsh the general aggregate OF the foreign trade
OF the country In estimating the value OF the i'm
"oraons for the last year, 1t is probable that
increase will be found 10 have taken place in some
srucles on which the duties were raised asn fabrics
OF cotton and in several articles composed Of iron
whilst in other articles Of this last material as well
in some articles composed Of WOOL decrease will
be observable But fact challenges notice thai, can
scarcely have been without its operation upon our
tmporations during the commercial year Just closed
II Isl the extensive changes that were announced in
March last in the Tariff Of Great Britain. The
trade Of that country exerts such an influence upon
the trade Of other countries, that any important
alterations 10 the former, must always be likely TO
Affect 10 a greater or less extent, the markets oil
Europe ard of the commercial world The larger
admission into England which the above changes
authorized, OF the commodities of other countries
heretofore positively virtually excluded, for ages
from her ports, must have affected the prices Of
portion at least of those commodities, by the pros
pect Of new vent thus suddenly opened TO them
This is known to have been the case in 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. Ii is presumabe that il may
have been the case in regard to others less distinct,
ly known. Hence, the additional value O.. foreign
merchandise imported into the United States du
ring the past year, cannot in all cases, be taken a.
the true measure OF an additional quantity, the
laws of the United States requiring the value of
foreign articles to be fixed at the port of exporta
lion, and at the time OF expectation. These changes
in the British laws OF trade, operating simultane.
ousy with the new tariff at ITS commencement, in
crease the difficulty OF ascertaining at this luncture
the effects Of the latter, even Tor single year
upon the course Of the foreign trade of the United
States.
The mporta,ions for the year being SO large,
and the provisions OF the new tariff mainly attaching
20 them, corresponding amount OF revenue will
arise from this source, during the year. Accor
dinghy, the gross amount Of duties accruing upon
imports and tonnage. from the first of January to
the thirteth Of September last, is estimated at
twenty five millions five hundred thousand dollars.
The gross amount that will probably accrue for the
whole year, is estimated at thirty one millions.
Should this amount prove to be correct it will ex-
coed, by six millions Of dollars, the amount which
has accrued during any one year since the exces.
sve importations that Immediately followed the
war viz. those of SIS and 1916.
In estimating the clear revenue that may be ex-
pected to arise from the duties of the year. the
amount of them 10 be drawn back on expectations
OF portion OF the articles on which they have &C.
crued the losses that may happen, and the expense
OF collection, all to be taken into consideration
Tie duties secured by bond during one year. are