The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-12-17

Of such articles Of foreign luxuries as could no
supply ourselves, and the opposite result is exhib
tied at the present time, when we are making ex
| cessive importations, not only without an eGuiva
| lent extra demand, bat, ON the contrary, with
| diminished one from Europe, far below what sh'
| took from Us, when our inportationS were 30 muci
less than they now
The foregoing statements show that the farming
population OF the country, without any extraordl
| nary stimulus, can produce supply equal e
| SOS IOi, III to meet any urgent demand OF "a for
elgn market, an amount more than equal TO thu
! average value OF the export of cotton from this
country.
But we find this sum of nearly sixty nine mil
lions, which rewarded the toll OF the farmer Of The
| country in lSi7, dwarted down in 1850 to the com
paratvely insignificant amount of S26,05l ,3T3a
falling of in the rewards of labor of the farmer
| alone III two years Of * - $50 BIS.
| When IL Is remembered that very large proper.
ton OF the citizens of this country engaged IN
the business of farming, and how much OF the per-
| manent wealth and true glory OF The republic To-
ponds on their we'll being and prosperity, il wo
seem TO be the dictate OF enlightened selishness
well duty of patriotism, So to Inould If possb
| the awsreguatng trade and revenue, as TO furni
| Tor them at home, permanent market with remr
| ncratng prices. As no such market can be tounu
| abroad, it may well suggest the inquiry whether
legislation in providing, of necessity for revenue,
shall not, by encouraging diversity Unemployment
IN our own country, secure the only safe and sure
market Tor our farming productions which can be
obtained
| The policy here suggested is sirens thcnod by IA
comparison of the value and amount OF the home
| as compared with the foreign market II has been
estimated that our consumption OF food, raiInent,
furniture, &c, is about = 100 for each individual
OF this sum from 50 to 81, as shown by statement
are of foreign productions, which, say at
SO 90 per head, would require an importation Of
about y 1901 1000 1t will at once appear how in
significant this amount is when compared with the
amount of home products consumed. Upon the
basis of y 0Oper head, the foreign production fur
nishes 80 so per head, or, in the aggregate,
annually the sum of about So, 100, 900, 900 to be sup
pied ny our own industry BY reference to table
1t will be seen that our average consumption
Of imports per bead, for thirty years has been
SO "a. Any material excess over that average. as
in the years 1866, and 1882 has been surely fol
lowed by the most disastrous results. The imports
of the past year have been exceeded in amount only
by the year 1896; and, if the official figures could
be made to represent the true cost of the imports
of the former year, 1886 would, il is believed
not be an exception The imports of the first quar-
ter Of the present year show increase Of more
than $4,000, 900 over the corresponding quarter
OF last year, indicating an importation for the
current year, greater by many millions, than the
imports of any previous one, and consumption
per head proportonably larger, whilst the mar
kets abroad Indicate no prospect OF an Increased
demand for exports
These exports, already stated, consist prin-
cipally Of articles of necessity, and nearly all
OF them raw materials in their crudest state, and
il we therefore wish to occupy the place anon q
and our vast resources warrant, must greatly
increase the amount OF those exports This car only
be done by an increase of manufactures
During the past year our exports of cotton have
amounted to observation-disclosures. S7l 1854 GIG
While OF domestic cotton manufactures
we have exported only to the extent
OF, OBSERVATION-DISCLOSURES. 4,73i, 424
And during the same period the im-
portatlon5 OF cotton manufactures
entered for consumption, have
amounted at the foreign valuation to S 9 6S5 936
The exports OF cotton from the United States cx-
coed in importance those of any raw material ex
ported from any other country, and at the present
tune 1t is our only export that is essential TO an
other nation; but it is believed to be u mistaken
policy for any nation to send its raw materials to
distant countries, to be manufactured into fabrics
Tor lts own
Possessing this moot useful staple in abundance,
and OF the best quality, ought greatly to increase
IFS manufacture and secure to ourselves portion
OF the profits which other countries enjoy there
from In order to impress our people with the value
OF this production Of the United States, and the
means that it affords OF extending our internal and
foreign commerce, suboin several tables exhibit
ing IN some degree its importance. Table No. 49,
shows the value OF the exports of cotton, and
cotton manufactures from the United States for the
last five years, and the countries TO which the same
were sent. From which twill be seen that we ex-
norted in