American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1827-12-18

PENDifURE FOX 1923
me value of mporatons into the United States during
,he wear ending the ,hteth of September last, is es
mated at eghyone millions of dollars The explorations
for the period estimated at eighty millions When
me more exact statistical returns for the year laid be-
rore Congress- they will be in the Of the session.
will be perceived that there has been dmnuton in the
imports from China during the present year. compared
with the past The dmintion has been very considerable,
hath in teas and silks This fact will show, the end the
greater of npcratons from Europe during the pre-
sent year. whence foreign manufactures principal
" derived The fourth year is now in progress since The
massage of the act of Congress agmenng the duties
mpoed merchandise. We are, therefore, at point
hing us speak grounds authentic than hitherto
the effect Of that upon the foreign Of the
nation by comparing the time that has elapsed since its
operation, with equal portion of time that preceded
appears that both the imports and exports have in the
nprregate increased They stand thus: Total value of
for the years 1922, 1898, and 1894, hun
dred and foryone millions of dollars; total for 1885, 1896
and 1897 two hundred and sixy-two mlons Total value
Of expectations for the three former years, two hunded
and twenty-five millions; total value for TIE three latter
years, hundred and fity.seven millions Fraction
dropped both ways. The result is not affected by the
expectations of foreign merchandise for the same time
which bear proportion nearly may be equal, the
basis Of importatons for the two periods. 1t will be un
erscod that in these statements of imporaions and
,ora,ions for Of six years. those for 1927 given
by estimate only for portion Of the years but it not be-
leved that there will be any such change IN them as to
shake the general results. The articles Of domestic
acire exported in S27 estimated upwards of
millions of dollars, greater than that to which they
have ever before amounted in any one year.
tariff of duties upon foreign productions, NAV without
doubt be so raised as affect niurnusly the interests OF
foregn.commerce To suppose HAT the tariff Of The Uni"
ted States, established by the act n May 1924 is at sc
Pitch would be contrary to anaiogies afforded by the
history of other commercial nations and thus far to the
experience of II is believed, the contrary
that its might be augmented in important particulars
without hazadng any such consequences to foreign trade,
in ultimate aud agg egate value; and hat true
national policy dictates heir augmentation The increase
of imports and exports, since the tariff of 1924 be-
comes the more striking, from the consideration that in
1926 there witnessed in Europe, extraordinary de-
preston of prices This was followed by prornrtonae
stagnaton in all the operations of purchase and sal The
evil assumed magnitude productive, in that hemisphere,
only of great individual suffering, but OF anxiety IN
Governments. 1t was at such that began TO
reap the benefits If the profitable turn given to portion
of the industry Of country by the provisions of
,Ia tariff Hal Il been for the demand ct own
manufacturers for Of the agricultural staples of the
country, the presumption is authorized that the fall Of
prices in Europe, at that peod would have been dhe-
rcntly felt hv agricultural classes here Similar &C.
currenccs abroad hail. former occasions been folos ed
by pecunarv this country much more extensive
ard formidable The increased number OF ar'lzans within
orr own borders and greater ct their operations
evidently tended to leave the agricrlst less exclusively
dependent upon foreign markets, than IT the latter had
been his sole reliance Nor have me oenehs OF manac
turing industry ended here The proof sreng hens that
mary articles have become cheaper more abundant and
Of superior quality, by the effect of competition among the
home Artisans, than when derived only from abroad me
patos Of men, has alsn increased the public prosperity
This has produced increased ability to buy all articles o.
4 WhenCcSOcVer
trade has not declined, Of which have the ncnntesble
evidence lust stated whilst domestic resources in
manufacturing abor have been unfolding themselves. As
The latter are amply brought out, is confidently
anicnaed that the former viii become wider and
enrchng in its range If the new fields of labor have
only as vet been opened in particular divisions OF the conn
try other divisions viii reap full measure OF benefit
,here can be dissent to the maxim as between inepen
dent nations that the prosperity OF one promotes mat o
another il be doubted thar different parts OF the
same nation will derive reciprocal prosperity from the same
al he distinguished,
spec by LOT peculiar as It IS favorable Nothing car
exceed the inducements TO various and subdvded tratc
that abound within their limits II IS here that tht
economist NAV hope exempifed, every essential
advantage Of the foreign and home trade, blended IN The
sysem moulded BY the same policy and freed IRON
the eaousies that have frustrated and must ever continue
illustrate the benevolent, but mpracticablc theories
commercial Intercourse as between distinct nations II
merely at the extent of climate and soil the un'on
arc adapted all pursuits that give activity and fruit
fitness to industry under every form These are but nau
raj advansges 1t is the exchange of the products OF IN
dusy upon terms the most desirable and the most gam
fill throughout ample extent OF home dominion ina
will exalt such natural advantages 70 the utmost II sler
that commerce may be carried freed from every resrc
ton, and probably for the first time, upon political an'
geographical theatre expanded The appropriate IN
dsry Of each portion may 60 into unteeted action;
Louisiana and of Massachusetts,, of Georgia and OF thod
Island vast home trade, resembling 'oresn .faag,
ges viii be prosecuted whether along the ocean, or IN
highways of the interior, ntrammeled BY tolls
mposts any kind and without even the necessity OF Gus
tom houses; or giving to such Establishments on
formal Such trade only, however, have its prope
value by the extensive of manufactures There
nothing else can npart labor, in the United States, III
necessary variety its Objects and the REGULAR
and ulness in the demand There is nothing elsr ca
adequately augment and diversity the list of commodite
for which the necessities and enjoymcnts of improved t
making calls. There is nothing else will raise "
towns on The surface of our territory, at every commanding
nont without which, land can never be made to yield tn
I'll amount of which epthe, the farmer be sur
Ct prices. steady and remnnerang. It hardly need b
aidcd how Of policy that would ntuse algmente
'sor and briskness into coastng trade embracing IN
range nearly oneiaf of continent would ted to en-
arge, in all the essential foundations OF naval strength