Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-10-20
ss.95l ,2o7
9,u232.ul

Family made goods In ieao. .9.u23e W
Whole supply Of manufactures, Sc. S5i3, so, $3.50
Thus II appears that the supply ot goods, Sc domcs
tic foreign, and family made in lSd0 was fire hundred
and thirteen millions Of dollars, being lcss that the annu.
al loss on slaves, live stock, and agricultural produce
since by tWentg toW millions Of dollars This Is n most
singular and striking iacl and another remarkable
tact IL that II has been estimated that the prcscn year
Si2) the domestic manufactures might exceed ono
fourth iho former amount, aud that IN no event eond
they exceed one third Take them at ono ,hiid which
Is large allowance, and they would be- less Than in
1880 by $2G3sSS,il Here then is n lues Of dunes
Tic manufactures say ffco hundred and sriy three and
hay millions Of dollars, and there IL a css on the arr
cultural products live stock. and slave hrc the same
year, Of i,co hundred and eighty eigh and hay mil
lions u donds. From this II appears tha, the valun of
agricultural products, live stock and slave hire IL inetcns
ed aud diminished almost IN exact proportion 10 The in
crease dmInntion Of domestic manufactures as for tx
ample, IN 1910 the agricultural products WIRE worth
Gl5,Gl5,s5,
The manufactures, domestic, foreign aud
/ .sun,y, 5l3 sex = 4.
The domestic goods have been rcdu.
ccd ec3. SIS, no
Produce. 1--we stock, and slave hire rein
ccd 2se, Gi5 80
Why is thisi Most clearly because the domestic
manufactures are eNchanscahe for agricultural produce
the same AZ money at equivalent values and the demon
nations Of Nancy only used signs of value IN ma
king the exchanges. Aud 263 millions Of dollars less of
these goods being wrought, there was that much ,ss
means 10 pay for agricultural produce and il was conf
PEELED 10 TALL Tor want Of some equivalent value to pur
chase It, II We had no money, and out Of debt with
millions OF dollars worth Of produce aud II 3 millions
OF dollars worth of manufactures, We could exchange
commodities and live well. And hence tho ncrenae or
dmnuilon OF money does not raise lower prices liz,
the increase dimnution in the quantity Of tho main
articles which exchanged equivalents for each 9th
or. For in 1897 when the Banks were at heh tide and
had in circulation Slt9 lS5 500 aud loans and discounts
SJ25. ll5 U2 (thc highest points they ever touched IN
the lncd States prices OF produce and goods did moi
vary much from those Of $40. when they had by rapid
curalmens reduced The circulation 81 and il,
loans and discounts 229, 10. Although there has
been considerable reduction since $40, still il haa not
been 50 great ms that just mentioned does IL boar any
comparison with the reduction Of manufactured There
has been grent increase of imports IN articles formerly
made at home, without corresponding increase Of do
nestle exports. In 1910 Tho exports Of domestic pro-
dncc amounted to 81 1881 .63s including A34l7 0l7
ofspcco and in lSll 4lGo, 1872 ,722, including 80.
03i 500. Of specie.
Wcpni the question. If the noW ianf he eustsned uu-
III the domestic manufactures come up 10 3 or hundred
millions again. If prices will not be- resorrdl
IN 1910 the exports Of domestic produce were wiihii
a'He oi inc highest point II ever attained; and vet pr
ees were not nncommonly high for produce. II can
hardly be expected that foreign nations i'll clanpe tb.
policy to accommodate us and enable export ,noic
than formerly The question resolves itself into ,lis
VIII the ngricnlinrass repeal the tariff and reduce thu
domestic manufactures Of this country fco hundred and
'riy or eighty millions Of dollars per annn, and also
,ednee inc c"'ne q Tier o'rn produce two hundred and
eighty or nnsy millions Of dollars per anun for the
sake Of purchasing Gty siry millions of foreign goods
small fraction ehsuprl will they save themselves
and their common countrymen? II may be replied, that
inc agriculturiss will pay higher Tor dom, site manuac
lures, than if the tariff wore low. This will not be the
case The same labor their part and thu same care
Will with the blessings of good seasons. yield about C.
quail quantities of produce; and this produce may be in