Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1846-11-06
TIE HOME AND THE FOREIGN MAR
kErS

Oar expectations of wheat, flour and Indian corn to
Great Britain thus far in the present. year have largely
exceeded the aggregate expoaiions OF those products
during HE corresponding period of last year his acs
IS dwell upon as illustrating The superior advantages Of
the repeal of the British Corn Laws the other side Of
the water, and oi the Tariff Of SIG on this side.
Now If the British corn laws had remained untouched
the prevalence of dearlh in that country, sufficiently
severe to raise the prices Of breasnf would have ops
Grated simultaneously to reduce the duties in proportion.
Upon that principle the sliding scale was established
England imported wheat largely in 1889 when her
crops WIRE shoft aud the duties grain fell. But She
drew her supplies then from the Baltic Countries where
the crops were abundant Al present, she finds II most
convenient to draw supplies from the United States,
becase The prices Of grain are high on the continent
As for the Tariff Of 1912 il is still IN operation Its
| repeal which take effect hereafter cannot have
much fleet uppa the present expiration Of breadslus
II would be strange II II could.
With regard the value Of the foreign market for our
produce If the present year Is 10 he taken as tho SIAN
dafd by which Judge of IT, the existence OF scarcity
more or less extensive in the BRUSH domnlons and on
the Continent oi Europe must be also taken inp the ac-
count as hing ii annual occurrence. II is know how
ever that such event is rather accidental than period
cal
itapprars, however, that with all the increase Of ex-
portaiiuns III F.nuland the aggregate Increase IN the
ananiiy u wheat. flour and ndlan corn brought TO tide
water IN New Nork within the last nine months, over
the quantity brought lr the same period last year. ex-
cees tie alrregale increase III the expectation OF those
articles to Liverpool for corresponding periods The
New York Express gives tables showing statistics on
this point "Aler all the cimor,' ii adds. 1.-THE whole
pnrchas es from Liverpool for period OF time including
t,ro fnlines England we have been told from me
,rI6e United STATES do not equal the increase q re-
CENTS al tde ratcr in .Nt,c FORK alone When the
whole amonn, OF crop is compared with this English
export, the amount IS mere tIne."
The foreign market is TO be aYaed Of whenever OPP
porunily oilers. But the experience Of years shows
cnncluslyey enough that nothing but partial failure
of crops or the prevalence of Europe can create
any considerable demand for the agricultural produce OF
the n,ed States AT the best the foreign market IS
preca ous when expoatlons are practicaoe.-
To depend upon it such extent as would lead US
10 eprecale uudervalue, impair the home market,
our main reliance, would be unwise in the extreme
The policy which would Increase the nuabers OF consul
ners ri produce in own land. which would build
up nrshug towns and villages filled with thriving
population dependent The iarmerthe puicy IN short,
which would encourage manufacturing and mechanical
industry and place the population employed side ny
side with the armeti that is the policy which must
IN Ike substantial, great an independent people
II foreign fall mo scarcity We can supply ,hem
but let such be regarded IN their 'rns
loh, as Incidents which may GALL well enough in with
our general policy, but which should mt be allowed 10
change It. DAT. .1"e''