Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1843-08-11

York Herald. OF late da.e, am ae
New -. - he read with care aud attention
's'', u nersons. II points OUT. if we do
." .oa,lv mistake. the secre. Of our ma.
anal inS troubles, and also indicates the re"
sy: d., nrnrs AND ras PaosPEcr OF |
,0.,xr -All the indebted States Of the |
n.;an which have become delinquent, |
v :. sa,;cu,ural IN their interests, and the
~ 30 Of their failure has been grounded
CO e. tho want of some market of sufficient
." ",s On" 10 absorb the products Of their in
,a.rv a. remunera,ing prices. The re-
1a .s.I or the cause is the surest way Of
a n.;na The evil Of debt. Happily, after a
"S sa,us paper projects of assumption OF
hanks, and what not. the true remedy in
,he proposed PROJECT of national reciproci
~ n commercial intercourse. seems to
min, The way not only to independence
;,om debt, but TO national prosperity. on
n. ba,i, Of agricultural wealth. Since
,he close Of the European wars IN 1915,
hs tendency Of national intercourse has
ssen constantly to increasing hberaluy.-
4, INA, period, the first deviation from the
n,yiealion act Of Great Britain, which was
commenced under the pro,ectorate. and
oerfecied under the 18Th Charles'fI chap.
Is look place. The navigation act pro-
,iJed that no merchandise Sc Asia, Africa
c,America, should be imported into Eng
land except in English ships. all goods
coming from Europe in foreign ships. were
subject 10 high discriminating duties.
The United States. soon after the revolu>
ian, passed law similar in It's provisions
o,h9 navigation act. As the Uni,ed S.
crew in i'm por.ance, it was found tina. the
sxjsleuce of these restrictions was produc.
Of harm 10 both nations, instead OF good.
In 1915, therefore. treaty was formed
+, which The ships of England and tire
Ioj,ed States were Admitted in the ports
Of both countries upon the same footing.
paving ,,r same duties. This was in ef-
,sci sbandoning the restrictive policy
The remainder is all progressive from the
same poln, In 1922, Mr.. Wallace of the
Board of Trade, introduced Ave bills
which effected importan, changes in the
nari,ime policy of Grea. Britain. and i'm
,nensey extended the field Of colonial
uale. By allowing the colonies TO dea! with
any country in Europe. Africa or Amefi-
ca. These movements on the part OF Eng
land we've followed up BY notifications
from Prussia. that the modification made
in favor Of the Unised States, would be re-
CURED to be extended to them.
Our pro. snns have hitherto been ex-
e.nded from England. but under the redL-
csd rates, tina. trade is rapidly growing.
Now, it appears that in l84e. England
bcughl of Us more corn and less tobacco.
Nsr necessities obliged her .obuy The for
reI 10 the exclusion of The latter. There
sa falling off OF Sill 900 900 in the val
us Of COTTON III The las. three years. which
expresses nearly the decline ii, prices. ow
ing TO The diminished consumption Of Eng
land. consequent upon the high price 0
bead.
1'he table of expor, from the United
SAFES expresses bvt a list Of those articles
which ngiand does not produce, and
which she musl have. ! he list ofimpor,s
frvn her expresses lis, Of things tina, the
producers here " Ill buy if they &c, them
on easy terms. They can do entirely
without them wishou; Inconvenience. as
far as hs articles themselves are. concern.
ell. But they canno. do wilhou. the sale
OF their own produce. Here is trade oil
mutual interest; each nation wishes 10
trade with The other, no, for .he advantage
Of ha, olher. but for its own advantage.
The farmers of America must &c. clear Of
'hr'r surplus. which surplus Is comp"set
Of articles OH which the salvation Of Eng
land depends These facts are plain ant
nIpabe. The two countries have no
cached a point i'll The progress Of events
Tecisely similar to tina, which led them
nulually in 1918, TO lay aside their res.
pecAve navigation acts in favor of each
cher The good effects and rapid pro.
gess Of International prosperity. under
that treaty we have skelched Since tina,
period England has on,grown its capacity
oted its inhabitants. and the U. States
nave ou'grown their capacity 10 consume
MeN agricultural productions. Another
point Of mutual concession Is arrived at.
.ae necessary concessions are in duties.
commercial treaty, formed on this basis,
s s;, soon give the law TO Europe. pre-
I hs! as dld The treaty Of 1915. The five
. ao''s 'ar'fis of 1912, would be rendered
"Iasd'o'y' and the immense increase Of
S'"ess between The two countries would
, S..s n'' the treasury Of each nation to
-, 'ne means and the will Of this country
N psy ss debts will be enhanced pari pas
H. ""' 's wealth, which must be earned
y, 'auus'ry and mercantile enterprizes.
rh h No' by paper juggles or obsolete