Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-12-21
vol. XIV.....VO. II.

they arr gwen IN the table, and furnish 1bt,ther
illustration oil the fuctnalIng character of our COR.
si9n trade, and the uncertainty of any statements
founded on il, which do moi extend TO Comparisons
OF various and distant periods oftimc.
The exports Of domestic produce the ensuing
year VIII, rs before remarked, exert some innus
enec on the amount OF inporiaiions, and hence
on the revenue from customs. But tho effect Of
tho" exports on our impor,a,ions for immediate
consumption. including all bui specie, and other
articles 10 be srain exported. will in reality al.
always be- less Than Is sometimes supposed, pros-
ded tho domestic supplies OF similar articles should
rs otiac years, continue rapidly increase Il should
prove 10 be equal in quality, and not hiehcr in
pfice than similar ones imported from forciga ma
tons. In 'hateven, though the ability ofiho pco-
plcto buy foreign goods will lor,unalc, be greater.
where the exports are large, vet the permanent re-.
turns from abroad will generally be more in mo-
neyio be expended al home, aud less in goods to
be consumed. But the diversity OF oninion which
exists, concerning some of these considerations.
has led me To submit the document annexed
ID
From this it appears tina, orr whole exports Of
every hind, in the last FIVE years including the es
inalcs ol 1888, lave not exceeded those, during
Il similar term, from 1903 10 1907 inclusive bur
about ior,y millions and being excess no larger
than NJ mo>i intervening pcrlods, While an extra
dome sic products, exceeding in yalne those during
that term more Than one hundred and fifty millions.
and beng quite double the excess II, most in,ervcs
mng periods. Indeed, j, will he sren that thcv
have been almost u hundred per cent. larger than
they were IN any similar term oi Years preyiouy
10 1910, and have exceeded those during such
tenn ony ten Years ago b., thu sum of abani one
hundred and fifteen millions, difference greater
than The whole amount OF all our exports Of donc,.
..,,.,.
our present form of government. Tie recent
average rate ri increase III these exports how ever
has MOI been large, independent OF the article of
cotton, nor Is II hkely 10 augment during the few
ensuing Seafs Adoltnra comparison bcwccney-
cry term III ten years, it,m l792 SO ! 10 1892
Il | n including all arliccs, i, appears TIN, the hole
exports ri domestic produce exhibit an increase in
lelasl nrts years o three per cent, anu.
ally, or iale considerably lower ihan that of eur
population, though, III illr previous term OF ten
years, by the great prosperity from our new form,
oi government, and tie rapid progress in the cu-
l,aion Of cotton, that increase WIS near eight per
cent. and IN the high pre-" and large exports of
ihls article III the last term nj ten years, il has
been about five per cent. annually. But as thar
pree has oi lac been unusually hugh, and is now
lower, aud as the demand for cotton abroad in the
ensuing year IS moi like y 10 exceed. if j, equals,
the Late customary ratio, and which some inter.
fAllfE iatth may br seen IN lie statement annex
ed, III the value ri our whole domestic eNpotts
lover one.hali oil Which now consists of cortonY
will probably BIZ less in 1876 il!an in lSa5. This
result, therefore, olifics, rather than mpairs the
correctness OF The diminished estimate of our
whole lmporlalion> IN 1886, and of the anlcipa-
ted receipt, OF duties hctcirom.
On the whole, Il,en, The biennial reduction in
those duties Which exceed twenty per cent. takes,
place on The 3lsi 'ntiant and will amount To near
one million OF dollars, rs IN lie ensuing year, the
whole lmporta,ons WILL ly Tie estimates, be less.
aud the consumption ol ioreign ARTICLES paving Ju-
lies Il, of iai and olhcf len,"ns not likely To in.
crease, II result, from these and SEINE cir, uns,an-
ces beiorn menlioned that the whole amount Of
the revenue Which will lie received from inports
during The year ls36, will probably BIZ from one
To Two millions less lIat in 1885 II We look for.
wand IN lSi2, when lie tariff is, by our presen,
laws, To undergo a great change, and il We regard
III ie inier,f time, Tie probable exports OF do
m.sile produce, aud imports oil foreign mcrclan-
disc, or III, presumed consumption of that small
portion ii the latter pay iue duties, il may fairly be
concluded, hat after making due allowances as to
all these, ON account oi our increasing population
aud wealth, and dednciinp those allowances from
the biennial reduction, not OF Is will tie revenue
acerulng from customs probably diminish at Tie
average rate OF about ono-hiid Of Il million per
annum, or near tuotrd, Of a million every Sc
cond year until ahc FIRST OF 'annarv 1912, but then
Al one blow over two and hall millions more of
I'll" duties above twenty per rent. 10 be struck
of and the frs, of July tie same year, over
two and a hall millions more, and Sonc new arti-
ces for the first time, be rendered entirely free.
All the reduction which is take place in that year
alone, will thus amont To between five and six mil
lion of dollars and the whole annual revenue iron,
customs will, by 1913, have probably fallen 10 IA
bout nine, instead OF lis present amount OF about
seventeen millions of dollars.
EJpionation ~ ht Estimatfs Of Rtetipfs ffem
Lands
The revenue from lands the ensuing year has
been estimated nj four millions of dollars In sub
milling the estimates for 1885. the amount
expected To be received from tins source was, for
reasons then stated, calculated hall million hiyi-
than il had ever been before and was des, ril >
ed as sill too low, if the Department had not an
,icpated that large sales would be made for The III.
dams, the proceeds OF which were not TO 20 into the
Treasury for public uses. But these last sales,
della yed ill the frs, month in next year. have UNI
eNpcctedly gwen place to others, all whose pro
cccAs have 50 gone into the Treasury. Thisebanue
with the operation, in such unexamplcd force OF
HE circumstances detailed in those reasons. aided
b, such an eager thirst for the investment of sur
plus capital in new lands, and the bright prospect,
OF large profits from their mmediata cultivate ,
for cotton in TIE Southwest, with The cxtraordina.
ry number nj prescription claims allowed ha,
caused tie actual receipts from their sales during
the year 1888, to exceed those Of any previOu.