State journal & flag., 1846-08-21
I,si0,o00
$5, 630,000
$l05,593

$l05,59:
 Showing thai the exports to the port oJ 1',UerpooI alone have been already within $l05,593 of the value of aH the exports o the United States in these articles to al the ports oi the world in ls,5. This is in addition, too. to what has been taken out 0 bond; the amount of which is not know n, but 1t nay be almost or quite equal to the present amoupt in bond. Nor does this statement oi the month of June include sndian corn, Indian meal, rye, oats, or bar. icy; the amount of all which mi,st have been very large, judging from the nnporla lions previous to the month of June.
 Such IS the ascertained result, not of the actual reduction, but only of the aaticpa- aion of the red Iction of the English corn Jaws. What, let me ask, must be the effect ot their tetal repeal by the passage of Sir ko5eIt Peel law, which am told has req ched Us Tn an authentic form, in a paper not now before me :? l have read these extracts from whig paper from a tariff paper--the New York Tribune.
 Mr. WEBsrER. Have you stated to "hat place these exports were madei
 MT. LEWIS. Principally to Englaad.
 MT. JOHNSON. of Mary land, inquired the date of aie paper.
 Mr. LEWIS replied that he had received at yesterday. Now 1 ask, Che continued) if slnder the tariff of la42-bao sas it is, and at IS worse than anything that the people should ever submit to--lf even under thai law, In anticipation of the action of the a'tHish Parliament on the corn laws, the exportation ol American produce was SD vastly augmented. what is not to be expec- teo from lhe operation of law which must necessarily tend in itself to increase itnpor- tatlons after that anticipated action had ta :. ken place What IS npt to be expected when reduction has taken place at both eads ot the lIne? There must of necessity be greatly increased elasticity in all com merclal operations, and imports and exports must go on augmenting with vasll. increa- 'sed activity. It is difficult to say what in. crease of imports may flow from the re. dqcfion of duties.
 The following extract from an English paper, received by one of the recent arr- $ais, may throw some light'on this point !: "SuppLY OF INDIAN MEAL AT CoRK.-Such as and has been the extenslve demand for this article throughout the country, since the price <gas fixed at ten pounds per ion, that there ha 8 been issued from the G6yernmept depot at the slee Mllis, Tn thls city, dne sthousapd tons per syeek to the several relief committees who re ceiye supplies; that is, tea :qtliousand pounds worth of Indian meal per week is isssed from Cork alone, to make up forthe deficiency caused by the failure m last years potato crop. inde- pendently of the amount sold bv importers, on private account, which, howepef,-We have no opportunity -al-present of ascertaining, but @hich, we are assured, must be very considera- ble. A cargo ofyellow meal, m prime condition, was last week offered 10 the relief committee at -}0s. per quafter, or about f5per ton. and, iron, theextensve importatlons that have ta ken plac ce, andthe prospects, of an early and abundant har- vest, and the reduction in price of other bread stuffs. the price IS expected to fall still lower The price of the meal at el0 per lon, Is equal to about two and quarter cents per pond. By the quotations, Indian meal was worlI. at the latest dates, about two cents per pound. The duty IS about Rine cents per hundred we tight"
 Fourth. But 1 ask, is not an increase of importatiohs q necessary consequence of n reduction of duies2 Do hot reduced du ties and increased imports sustain to each other, under all circumstances the relation of cause and effect? Where has 1t ever faileda Where has the reduction of rail. road fare, either here or in England, failed to, increase the amount of. travelling ? Wte eshas' there been reduction of the raie of postage which has not been followed by an increased number of letters? 1 have Before me memorandum on this subject, derived from source which is entitled 10, and will. am sure, receive from the other sGs of ibis House no uean respect and