Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-09-22
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MONDAY. SEPTEMBER 90, Is45.
EXPORTS AND IMPORTS

0DsefVa'ons We have from time 10 time made in rete-
renee 10 The effect If the tariff upon the foreign cummerce
ofihe country. lie ia introduced To the readers Of tho
Republican with haiering and very deserved compIi-
nen--for however widely we may differ from him in
his conclusions, will not Withhold from him the praise
TO which he is entitled for The fairness with which he
states his iac,s and the ingenuity with which he there
upon bases his theory. Nevertheless. we are cons,rsn
ed 10 say that wedeem that theory only 'laacous"
hut utterly absurd,
II will strike the readers attention. by the way tina
the writer differing from the Republican itself. agrees
with US that Of The effects Of protective tariff is to
diminish imporatfons for he expressly declares that
this constitutes one OF his serious objections 10 the
larh policy. Agreeing. therefore, as we do upon tina,
point let us proceed 10 the points of difference
betw zen us.
Concnrfins Ia tho writer's definition OF the term
merce, let proceed briefly u examine his remarka
BILE assumptions that. $50 far from She exports being The
value ot the commodities Sold and the imports ina, of
those bought the is actually the fact" The re-
vefst! VIVA, dues he mean by this expression2 We
confess, without intending to be hypecritical that
should be entirely at loss to conceive his meaning if
1t were mol for the accompanying Illustration, which we
will state in his own words:
- axe an example: a merchant at Richmond has 4
erpool-thls hogshead a, the Richmond port will sun.
posi- is valued by HE Custom house officer at 800 At
t't"o' ne exchanges II ior such articles he wishes
aud biings them 10 Richmond for sale These articles
WIN i' reasonable profit suppose valued al 90 per
ceot advance upon the Iobiccu--iha s at APO Then
The exports IN the transaction stand 800 and the i'm
ports S2O the value Of the latter exceeding that of the
ormer $40, which would according 10 the Vreinan,s
theory show balance of trade against the merchant of
the &2O-ln other words, loss 10 him Of that amour,.
i T. az lll tllatt b.,t -
The pmf he has realized by he trade showing most
e"hrlns'veiy, that the eacess d the import over the ex-
port bat marks the extent VI the merchants prof'
'o'n h'5 illustration, we infer that the Republicans
Correspondent means that the apparent value Of our ex-
pors, as stated in the Treasury Reports, their re-
al value II Tins be so. however those Reports are en-
Ieiy too deceptive 10 tie made the basis of an argument
al all. we rely epon Their general accuracy however;
nor Is that reliance at all shaken hy The supposed
which viii not, in opinion, when examined present
any serious difficulty
Starting with the foregoing proposiiion the writer
contends (very properly if his premises were correct
hat whenever there is Of imports over exports
It Is 50 much added to the wealth If the courtrv and
r'ce refsd whenever the exports exceed the imports il
Is 50 much distracted from that wealth In other words
lie more mpu aud the less we export the richer we
becooe--he imports being the value Of our sales & the
exports the value Of purchases II seems to US 10
be conclusive well as brief answer to this startling
theory, that II II be true, should pursue wise polls
cy to import US much possible and export no,hinp Al,
a But is not less 10 say that if the exporter Of to-
bacco gets in Liverpool $20 nr a hoyshcad worth only
500 here on the other hand, the value of Enslish
and French manufactures is enhanced al leas, as much
by their transit from the Other side Of the Atlantic Ia is
in other words, that il the consumer abroad of Amet
eau products pays profit upon the selling price here So
The consumer here oi oregn fabrics pays at least an g.
quail profit upon he selling price there 1.-THE 500 prof
II ON The hid OF tobacco, therefore. gain to us, i, is
counierbaanced by the 500 profit derived by the mpor.
ter OF bale of goods or cask of wne-to il is nat IA
he presumed that the porter Of foreipn conmoa,
Afford 10 sell his articles for the same price he cave for
them in Liverpool and thereby close his lime, the in.
eresl upon his money, freight and incidental CHARGES
any m"re than that tho exporter Of domestic products
can submit 10 such loss Both 90 for profit, and both
I'm the genera get lit trade would case altooeber
And the advance upon fIs cost in the one case in hal
ance or approximate il in the long run If not every wear
similar advance the other statement of Tho =, 40
IS sufficient refuiaon, TO our minds of the ,ssun,
ton Of the writer in the Republican But if as we are
confident is the fact, the Treasury estimates Of The
mount OF our exports are based upon The sales abroad and
net upon the estimated value here that fact alone nyal
dates the reasoning Of The Republicans correspondents
and demonstrates The entire laacy and croundlesspess of
his theory.
ohqnesllunab'y 1t !. were true, asserted BY that
writer, thai "a nation is enriched exactly proportion as
her imports exceed her xporis the United States uob
now TO be the richest nation in the worldi richer than
Great Britain in surplus eopita-,he very thing in
which she most abounds, and most deficient et
us. then. conp,Te the policy OF The two countries We
will commence with MIR. Monroe's administration.
In MIR. Monm.s first term. the excess Of
imports over exports was S6I 77S los
! In his seGond term, il MAS l6 lax 80
Mr.. Adans's term, (high duiits) II ISIS Dol
zen JACKSON hrsi Term (heh du'les) "a S9il32
Zen Jackson's second term (ow duIies) 100 6Sl 3q7
W. ' d" bufe"s term, 43,0S9 2i6
Making grand total in twenty four years,
r =" $303, l6o, 2S3
sun OF June last } HE excess vi exports
over imports, ca the other hand has
oee"' sl5,266, l55
oho" lng a nett gain. according 10 the Re-
Pupleans correspondent, IN the 2S
years o' 1897 900, l3S
ureat Bua'nn the other hand W no is DISTINGUISHED far
ne ''S''ance WIN which she Watches and the ,fci.n.
cy with which size protects her commercial interests +,
Inc prosperity of which indeed she is indebted FIR thu,
vast accumulation OF resources hch enabled her dur.
ing the wars ol The French Rev olution 10 s,hsid,o ~
/ II, IN -