New-York tribune., 1842-03-02
Hs cur Trade with Great Britain Equal
and Advantageous

and Advantageous
The Journal Of Commerce, IN recent article
on .STar7F FaNactes," attempts to demonstrate
the a1surditv of the assumptions tha, High Du-
lie. prevent excessive mportations, and that our
Tr,de with Great Britain is unequal and disad-
vantageous. 1t does this by taking our Treasury
returns Of our Imports from and Exports TO Grea,
Britain and her Dependencies for twenty years
past, showing an aggregate Of 1893 ,435,3l3 Of
Imports, and of 1856, 1865, ,8l3 of Exports, or only
$28,072, 900 excess Of Import. over Exports in
the whole time The Journal proceeds cooly TO
add Is per cent. to the value Of our Exports us
the probable amount of profit, freight, &c.-that
is, the price at which we have sold hsm above the
Home Notwithstanding the entire proceeds of
our Export. to Great Britain OsK HUSDRED
Millions OF DOLLARS above the cost Of our I'm
ports therefrorn These are the data on which
the Journal argues that our Trade With Great
Britain is fair and advantage Ito us.
To this view Of the subiec, we make answer
that tho data of the Journal are slarngly false.
The Treasury Returns notoriously dc not exhibit
full and fair statement of our Foreign Trade.
All our Exports nre there registered with scrupu-
Britain consist almost entirely of few rude and
bulky Agricultural staples, which cannot be snug
gcd, and which it would be useless to undcrralue,
either the British Impests them specific
and not ut all affected by undervaluaton or else
the true value as of Cotton, Tobacco, Flour, Rice,
&c. is so fixed and palpablc from the daily report
Of the markets, that undorvaluanon would only
IL 6
attempting to dcfraud the revenue. But, while
the Custom House returns thus give full and fair
account of all our E1psrts to Great Britain, our
Imports thence are regularly diminished by fraudu-
lent underyaluatons to cvndc our ad ralorcm du
ries false statements Of quantities of cloths, &c. &c
as we'll as by outright smuggling
Can any man seriously doubt that such is the ac-
tual fact-that, while the Custom House valuation
of the goods poured in upon US by Great Britain
has been less than Nine Hundred Millions of Dol
lars, the actual realized value of them has exceed
ed Eleven Hundred MiAns? How else have we
fallen so deeply disastAusly in debt to her? a
debt, State and mercantile which in the aggregate
must exceed Two Hundred md Fifty Millions of
Dollars Most surely if we have been buying of
her only four per cent. more than the home valua-
tion Of what we have sold her, we cannot be con-
sideraby in debtto her, no matter how many Ca
mails and Railroads we have constructed. But posi-
tive, glaring facts which come home to every man.
observation overthrow at once the statistics of the
Journal, and the argument which it bases upon
them.
Every one must see that if Great Britain did
truly buy Of US as much she sold to US, she must
either send q considerable amount of specie or
fall in debt to us every year; for the strong and
wide current of Emigration is continually bringing
us money as we'll as men, while the balance arising
from inherited estates, bequests, sc. is also dec
dedly in favor of this Country. Yet we are con- (
tnually sending Specie to England, and receiving
thence very little. Why so, if she buys of Us
much as she sells us
But even the continually augmen,iug balance of
trade against us does not exhibit the whole truth.
Our Trade with Great Britain is not cqanl und
advantageous one even so far as the aggregate Of
values transmitted each way is equal. For rhHt
noe bug Of England zoe consume, almost to tie
last dollar, north, ,chile achat she bags Of as she
IN good part bit aOorks orer and sends ii ont
again to rical as in the markets Of tAe acorld.
Cotton constitutes great proportion OF 1t; and
much of this Cotton, which Eng land make. q merit
Of taking of Us easily, is but manufactured and
speedily sent out by her to jostle our own Cottons
in the ports Of South America, the Pacific and ln-
dian Oceans We are not at all benefited butinjarc
by this liberaluy and England could not do US
greater kindness than refasc nosc to take our Cot
ton, US she will the very moment she can supply
her manufactures from another quarter Until
that timc her refusal 10 buy of us would SIMPLY
enable us to sell $50,000,000 worth OF Cotton
fabrics to other nations instead of S25 900
worth of raw Cotton to her.
So much for the statistics Of the Journal of Com
nerce; in our next shall endcavor to show, from
indisputablc data. what are the actual conditions
of the Trade between Grca; Britain and America.
and how our National interests are affected thereby
N - aza,asw
uF Tariff Convention of the People OF Penn
svlvania is called to meet at Hanisbursh on the
18th of April Ii is to include al classes of the
community engaged in honest pursuits.
Cr Hon. LsoNARp WlLco1 of Oxford, \. h..
has been appointed BY Gov. Page Senator in the
U. S. Senate TO occupy the seat vacated by the
resignanon OF hon. fraiikhh lerCe. w. "
will leave for Washington this duy. So says the
Boston Post. We had not before heard of MIR.
Perce's resignation.
p GEORGE Dawson has withdrawn from the
Editorial conduct of the Dcroi, Daily Advertiser,
which will henceforth dcvolve solely upon MorcAs
BATES his late partner Mr. Dawson i. an encr-
getic and popular Editor. though somewhat i,npet-
uous; Mr.. Bates has had long experience in his
yocanon. and will conduct the Advertiser with
pru6enee and ef4icie ncy-