Mobile register and journal. [volume] (Mobile, Ala.) 1841-1849, 1845-10-18

The doctrine is, that country, 10 render its foreign
trade profitable, must export more than it imports;
and that If it does uoi, an unavorable balance is
created against it, witch must be paid by nm export
oi specie The idea sprung from the erroneous no.
ton that money alone rousl;,uted wealth. and that
nation could not have too much Of it. We doubt il
Mr.. Clay has ever quite recovered from the dslusipn.
Whatever progress on this subject his disciples nay
have subsequently, mnde
Bn u the "exi lnted doctrine" # the balnnce Of
'ride - MT tine doctrine nf,he wing party, why did
The editor permit his correspondent, "Madisnn,' .
contemporary with the disavowal he nnW makes
10 play Sir Oracle The subject, and iafct hs,
with other nndigeSled crudllrs for month. upon his
readers? This game oi fast and Lose, C. ms with
bad grace from who seizrs upon The least APP.
parent inaccuracy Ofsaiemenl ia lis opponents as an
evidence Of inconsistency, or want Of knowledge.
To shuw lhr, hc shl,e Gccflne as We
state il, was the doctrine Of VI, Clay IN 1921. we
have only IL refer again To Mr.. Websler's reply 10
him.
LET lis inquire, then, sir, (says Mr.. Webster }
what is meant by nnlavOrable balance of trade and
what the argument ls, dawn from that source. By
AN mnavarabe balance OF trade, | understand is
meant thai state fittings in which importation ex.
ceeds expectation. To apply it to our own case, il
the value of goods imported, exceed the value OF
those exported then the balance Of trade is said to
be against us, inasmuch have run in debt 10
the amount of this Difference. Therefore, il il said
! that, il IA nation continue long in commerce like
this, il must be rendered absolutely bankrupt"
And he then proceeds to demonstrate, as we did,
/ the utter iaacv Of the doctrine. Now If the Wing
party have ever experienced conversion on this
subiect-nay, if they have got FAR as the anxious
bench since lS24-we learn il for the first time from
the Intelligencer. If Mr.. Clay has ever retracted
his belief in 'te Ghost" which in 1924 he profess.
ed TO hold in such fIia reverenceor il any one has
done it for him,--l the Wing party any where, or
at any time. have confessed, party, a loss, or
any modification, Of iaith the subject, which The
lnteligencer has done for them-we have yet 10 see
the evidence of pregnant a fact. Alas! these good
tdings not to be believed.
Having said thus much, our contemporary will
permit us with all necessary polileness, to return
his compliment in language somewhat stronger than
he offered to US, and to say that we are convinced.
mot led 10 snppose,) by the tenor of his remarks,
that he has not hmselfa very clear perception of
What the balance Of trade is Indeed, il would ap-
pear from his mode Of stating the balance of
trade, us shown by the cusom-house returns, the in.
suficiency of which he acknow lodges, that the edi-
tor is quite awake from the effects of hls past
| credulity; and that while he progresses 10 be quite
aware that he is in the presence of the living, he
still continues address himself 10 vacancy - and
to language Ineligible only To the dead Thus,
he sets out with reprdiating The exploded" d,c-
of the balance OF trade, and before he gets In II
through his argument, he is found referring 10 this
same balance Of trade against the United States
which it was special effort 10 show should pro
pery be set down as in tapor For example:-
lie states The exports
Iaciuding Specie. Ercinding Specie.
For 1sll-exporIs $l2l 1851 SOB $lIl.sI7 AL
| Impors 127,946.l77 122957.544