Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-10-27

the 200 Millions wil buy no more than the 100 NIL
onS. | would say then that the beSi sign Of natiau-
al prosperity known 10 poucai sl lDmsis IS {, ser
J population increasing, aisa}S particularly by cm-
grafton and The better more industrious, more wise
and wealthy the efgrant, the better It is for the M
on, that he hesscs with hrs presence Again wuuid,
u have nation prosperous, tie forest falling be-
fore The aN-tuan, new roads, tutnpkts, bridges ca
mas, lltcies towns, hnuses, aud SHIPS and all man
neF ct public works progressing. And again would
sre "a, ton import rom foreign markets as much az
least, OF more lhan i txpoT,s--shotd they import
an excess above domestic use It IS re-sod 1T alyan-
oej prices % ncighborng nation such now is the
case with the north of this coniedeTacy.
! Being appraised that am tresplssing again upon
tng tla, our rules forbid me, must necessarily
| clip hiS branch Of my subject, however Important
10 q single thread.
| Then sir, as 1t is one sign Of national prosperity
/ to see peo9p import as much at least as they Gx-
port let US see ACCORDING to tins sign, how we have
! pros percd with a bank, and experienced ruin and
distc,J without Unc. fs.at ihas tut u,is siEo.
but a natural state Of things too, the history of all
nations ppyc, ana will cite You to or own con
ditiou, prog 10 the establishment Of the first L.
( State, Bank, 20 prove t1at we were not excluded
from hS universal rule. Then s,r, have iaithisl-
\ cyamined aad Gsd that during our colonial state,
| vii first take Virginia, tor ten years prior 10 l77i;
! For this period her expenses were : SooO0O0.
Her Imports were Tar the same time, - 00000.
lscc--her imports exceed Ter exports
From the two Caulims for tie same period,
Heir exports were, 10 millions, aud their imports
were, 10 % millions. Imports Of the three Colon
les Is l-3 millions, anNtheir exports ~ millions,
(scc the quality taking 10 years ogelher.)
For the same period the exports from New
England averaged annually ,SI77S00u.
Her imports were an average annually $4,000.
Sew York ior the same period averaged Of
exports % Gfcat Britain, 5 9,50000o.
and her imports were I,is0e0O.
This shows New York and New Engand's ex-
ports combined to lie S3,25s000,
wbjlst their exports were, 3.3760OU
The abopc Is from Mcphersuus annals ot com
negcc, 81 vol, cvidcIHy showing that prior TO the
establishment Of the Ist Bank the rule with us held
good that nations imports, when left free TO crcu
late in rs natural channels viii he equal, OF nearly
50, with is exports. Now sir viii take tie period,
the very year IN which your first Bank was estab
/ lishcd, and the following year, 10 show you then
4 thr cqualltp:-
In The Year 1891 and %. The Imports Of TIC
4 South were 10 each OF those years 9S35,750,
e and the imports Of ibc north, lo,5i6,sl9.
1Ns sir Is tie condition IN which you find us
when yon plucd upon Tie country tic first Bank,
@ OF the United State. Now sir, lei Ms how we
have prospercd with Bank and for the sake of
@ brerity, wil take central northern and central
southern state
i The import, Of New York for thc II years. be-
- gInng with your Bank in 1871 and continuing to
,c 1901 inclusive, amounted to, 9!2612 600.
3 The hest II yeats following, which hansceuds
rs the limit Of your charter one year, amount TO the
in sum OF S9S,602 900,
III showing increase of her imports Of near i6 mil
Vs. hons IN II bank years. Now let us see how II
II. cculraI Southern State las progressed during Tie
same time We win take my eh State North Car
Il. DINA ! find that she imported the first eleven
rn Ycuys Of tn. Bank, 81 1851 900,
,. and lhc 1 years following the sum Of $4,000.
70, Pityiul 100000, what falling oh-whiIst New
al York has been increasing nearly To double, Nortl,
,c Carolina has fallen oft nearly bali A similar re-
% suit would be seen with regard to all States, but
time viii not allow an investigation. find in tho
IS author that each Of the Southern States, the
3 very next year after the bank expired, increased
st their imports Gom what had hitherto teen The
Ic downward tcndcnces-- for example Mrh Carolna
re- increases ID sl2 from ffom ~ 900 IA = 000
to South Carolina Iom 33s 600 1888, Georgia fom
AT 80, 600 10 $50, -. {. from 5G0l 10 20 600. SIR,
rh 30 YOU account for hs sudden rc,0Iptou ID Cite
3 laws OF trade 10 one yeay n.e whist ok ccel 81
he plainly seen reversed on lc part Of Northern Satcs
cs These later statements are extracts from Olive
il Banch page 2Dl 4 which are taLen from Official
ca pocumcu'a reported to Congress.
w. will now take another period, one dGrng the
ri reign Of the ecuud and last bank statements taken
iDom documents reported officially 10 Congress.
~ OF sept i~llthtn three years the exports Of the
e9 Southern States WERE Sa6,ss7, 559
Wy And lor tie same time her imports had
at rcluccdto II,o9s, os7
Le northern 2o,oi 2:oog
cy Her imports had increased for tie
pl- same lime To 1906, 9ot
y, Aud, Ior lie the three last years, ter
pie muatjor on tive 3lsl Of Dec. 1897, we
~ have he average annual exports south, s0.f07,o3
ear Her import tor The same time were, 22,503 65
ur- Tor tIe same limo, tie Norths cN-
10 port. were al,3lGol
'nr And her imports increased to lI6,90s, -
l' Here, then Mr. President Is exhibited reyoiutio
H, 70 ihe commercial alairs Of State wthouta para
,5 III III history
a' Is this prosperity Car tie South. nus 10 lose he
.' import trade, and thereby drive out of empoymcr
40, Ter camen ship-huIdeis, furnishes af materials 4
.t hWHmg such SHIPS, aud ylttaliuS and clothin
,,,1 those ibns employed transforming importing me
~. chants into pciiy shop keepers--and IN short 81
& removing southern cites aud towns 10 the nortl
nm where they arc 20 ulerJ hc mechanic 'cyeS branc
u. ia jobs, and ready pay, for the establishment
~, northern cities, and The interest Of northern IN
porter who are fled 70 running over excess [
., a trade thHs tIaudncnily wrcuchcd from the south
lc tNe not, sir, that i is as well 50 as to import
wv rect independent Of the losses already enuueraie
& IS 10 he annexed, the additional distance Of this CT
IN euious lrade, the expenses Off shipment addition
,r insurance, Tao employment ofaddttunal set olagen
r;n besdesthe importers extra profits with multltu'
t,7 81 other incidental expenses overlooked and II
pete g. ,i'i. i,,,li ~, 60, IN, ,n,rn hoy
Co n, I'M $500 " ,si - .,. ~ ho,, !, III !,
"I, old soafen states and would be here, sir,
''oi for emiggaon And this IS your prosperity with
n,PP Bank Heaven protect The south from the gent
Ml" mans friendship.
ne. Mr. President, bad designed to show that
ono. general tendency Of banks wps to profit not
de- mass b0l those only already favored with capt.
o to that the nearer n sneria ,ra corra IN halter