The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1844-04-17
In all, Bushels Sl3,753

Al DuohSi9 CiS,foo
If we compute the barrel of flour
10 require 10 bushels of W. heat the
S33,39l barrels are equal to Bush. 3,75O, PA
Whole expectation to Great Brit
ain and her dependencies in
Bushels, 4.563.967
The Senator stated that Great Britain and
her dependencies took two-fifths of all our
surplus bread stuffs. If he had said of our
erpOrtdtion, he would have approached near
er the truth. His calculation is deceptive, as
be takes the amount actually exported as
constituting the surplus, serting down the
residue for home consumption. The true
mode is to ascertain the amount produced,
and deduct from it the amount necessary for
homo consumption, and the difference is the
surplus, or what we are capable of export
ing. The returns of the last census shew
an annual production of 81 millions of bush
els Of wheat. Mr.. Ellsworth computes it in
his annual report made at this session at one
hundred millions. Assuming that our popu-
lation at this time is 20,O00,O0O, / estimate
that 60 millions of bushels will meot the ne
cessary homo consumption, leaving surplus
OF 20 millions. OF this Great Britain takes
little over one tenth.
the expectation Of -four TO Canada has ceased.
i have been under the impression that the
-four exported to Canada found its way to
England, but such is not now the case. The
people of Canada demanded protection for
their industry, and discriminating duties have
been imposed with that view. Our wheat is
admitted at low duty to be manufactured
there,but flower is subjected to heavy duty,
that the n "a h..
has ceased. Thus the protective policy, so
long adhered to by England at home, has
been extended to her remote dependencies
II is worthy Of notice, also, that the small
amount Of this article exported to England
does not go into her domestic consumption.
II is bonded and stored, and re-exported, for
the supply OF her marine, commercial and
military; and thus, as suppose, the duties
are avoided.
To the British West Indies we send about
100000 barrels. This market, such as il is,
is one of nccessity-those islands not pro-
ducing the article. Our trade with these isl
ands furnishes a striking illustration of the
fallacy of the senator's theory, that reducing
our importation will necessarily destroy our
export trade. We formerly imported from
them sugar, molasses, rum, &C., which are
now made to great extent at home; vet our
expectation has not sensihly fallen off The
expectation TO those islands in 1912 amount
ci 10 S3,200,000-our importation thence to
8 S26,O00,Or one dollar for every four export
eli, leaving balance of three in our favor.
The British market, whether in Europe or
the West Indies, is market of necessitv.-
She takes from us only what she is compell-
ed to take, to avoid starvation. Ii is regula-
tel by the demand, and that demand is linn
tied to the amount necessary for the subsist-
ence of her !people. She steadily protects
her own industry, and never permits the ap
ricultural productions OF other countries to
come IN competition with her own. Should
she abandon that policy land you seek mar
ket there, you would then encounter a COM
petition from the North of Europe, who
could and would undersell you. Sir, what
was our experience on that subject, when the
failure OF the corn crop in England in 1899
struck down the price Of cotton there, and
produced revulsiOn in this countryl The
capital usually invested in cotton was divert
ed to the purchase of bread stulfs; and where
did 1t go! To the continent. Had il come
here for the purchase of our flour, we should
have experienced no revulsion. Whether
they took our Gotten, or our wheat, would
have been immaterial-eIther would have
served as means Of remittance, and saved
us from embarrassment. But, when seeking
that investment,it unfortunatelytook another
direetiop.
Sir, the farmers of the West can never re-
y upon the British market; aud, should they
derive from that quarter their manufactured
articles, they would never be able to pay for
them IN their agricultural productions. AZ
homo market must be created and sustained:
and this can be done only by diverting labor
from agricultural to other empIoyments. In
TINS way market has already been created.
OF more importance TO the Western farmer
Than all the foreign markets put together
fet this market depends altogether upon your