Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-01-17

South America, has sent to This city, orders for
| Sen Island cotton seed in homes to rival South
Carolina in that unequaled production of tho
world. The beginning results Of these measures
Already appear in the late British price currents
we see II stated that 10000 bnies of cotton had
arrived from India, and had cssened the price OF
cotton in the market. Another British price cur
! rent states
| "ImpoNs Of american cotton 100 $50
Inst year. 1,II6,2O2
Decrense-haes 323972"
The course of trade and commercial reguIa-
! llons, is the cause of our great Indebtedness a.
| brond of the balances of trade, almost Uniform
" against us, and the consequent continued drafts
| upon our specie. ] took from city print, tho
last of September, this notice:
Inc specie shipped in Masses is us foows
Gladiator, Tor London, $330,0H0
Louis Philippe for Havre, 346OOO
Great w esteru, for Bristol, 1910
AkDnr, for Canton, via Liverpool, 100000
SI09I340."
Although this shipment was for single week,
1t may, perhaps, he substantially correct to consid.
or the drals on US for SPECIE ms equal to one mil
non OF dollars per month"; and eXiIausiing the spe-
Gle VIC derive frem other sources of trade. 1t is
now nscetained Tint since July, seven millions OF
aud almost entirely for untaxed Injuries No
currency or banks agriculture, or manufactures
can sand up and prosper, under such a condition Of
commerce.
Among the effects OF those measures, are the
arrangement OF commerce tho drawing away
OF specie the depression of internal commerce
the destruction of labor; and above all, the alar-
ming and runous increase of American com
merce, in foreign vessels.
The Edinburgh Review, July, 1910, endenvor.
ing to show the interests which would he sacrif.
ced in war with The United States, snys:
"On the average of the last four years, The pro.
portion which the tonnage of ships from the Uni
ted States, entering the ports of the United King
dom, bore to the tonnage Of ouI whole trade in
wards, (ncluding coasters,) was as 10 nine and
dhdD. And the corresponding account for the
United Stnes, shows Tint the tonnage cnpoved
in the trade with the United Kingdom, is no less
than one fourth Of The trhoie tonnage employed in
The foreign commerce Of The Union"
The documents sent TO Congress on 2d March,
l64l, show the tonnage and vessels which enter.
ed the United States in 1870:
"Amerlcan vessels, No. 7,2ll Ton. l,576,946
Foreign I" /" 57I 4" 12,363"
Thus showing, one third of the American com
merce, IN number of vessels and tonnage, is in
foreign bottoms; and principally under The Brit
18Th lng. This is by reason of the discrimination
and advantages of "A market, given by other gov
trade. British vessels visit, with facilities, our
Eastern ports, and take our produce by way of
Halifax and Brunswick, to foreign markets which
are closed, by high duties against American YES
sells. 1t is thus that five-sixths OF the commerce
Of Maine is in British vessels as is also two thirds
of the commerce of Gcorgiu. The table of the
tonnage of that State is:
"American, 23204
British, 4l.72l.n
In April last went up the Savannah river
There were then eleven large English ships Ia
ding with Georgia timber. No American vessel.
1t such an undue proportion OF our commerce,
carried on in foreign vessels, to the exclusion of
the American flag, is beneficial either 10 the par.
ticuar States, or 10 the nations the Chesapeake,
the Delaware, nnd the Hudson, ought to he open
ed to participation OF the benefits But if not,
the subject has long required the action of Con-
gress and calls fora just protection TO our own
carrying trade.
The commerce and navigation on the Western
Lakes, exhibit n case yet more extraordinary
Lake Ontario. Vessels. Tonnage
American, 500 63,5l7
british, 10ll 2l5,0S0
Lake Erie
Detroit-Amercan 500
British, l55 10000"
To be concluded in our merit