The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-12-17
n. To FRANCE
To GREAT BRIrAIS.
Sol SOC 81 5 I9, on s56.47l ,7g5 80.

Table No shows the value Of the exports OF
cotton manufactures from the United States and
Great Britain in the year 1875 and the countries 10
which the same were sent.
From this table it will be seen that the value OF
cotton manufactures exported from The United States
during that year was, .,.,....... S5.7ls, 205
And that from Great Britain, the
Which sbows how argely Great ritOj1 ' g5
pendent upon this manufacture for her CONNER
cinl property.
OF the above amount the United States received
from Great Britain, per British vessels, for S4s, TO
the extent Of. ....................... 1921 ,036
Our records for the fiscal year end.
ing 3Oth June, lS4s, show an impOrta-
ton Of cotton manufactures from
Great Britain amounting to......., I4,477 ,g7s
The United States should share in the prohs OF
manufacturing her own great staple; and in pro-
portion we increase the manufacture Of this and
other materials Of which We have abundant cup
ply, shall we be enabled 10 command the produce,
manufactures, and coin of other nations.
Table No. exhbits the exports Of cotton from
the United States and Great Britain for five years
from 1874 10 ls45, inclusive.
BY reference ~ this table, il will be seem that
the exports OF cotton 20 several countries from
Great Britain exceed those from the United States
70 the same countries, and that the value of such
exports of American raw cotton from Great Britain,
to the continent Of Europe, exceeds the entire
exports OF American cotton manufactures 10 the
whole world.
Our entire export OF brcldstu1s and provisions 10
all parts Of the world during the pact year, will
scarcely amount 10 the value Of the cotton go,ds
| imported and the duties thereon.
These tabular statements arc intended to show
how important an article in the commerce Of the
world, 10 toe cotton OF the United States, and, II
/ manufactured by our own citizens how uidel v olr
! commerce might be extended. Instead Of an i'm
porfafion Of nearly s200O0 600 in value OF cotton
manufactures IN single year, our annual exports
Of those manufactures should be slOO, 900 900.
/ The warehouses Of the United statoa will not be
! filled with the products and manufactures OF other
nations, so long content 70 port our cot.
ton and other raw materials In their crude state,
/ and import the most common articles of clothing.
Our policy should be by e.ery constitutional
/ means, 20 encourage the manufacture Of our own
materials, aud, lar as their product may be no
ccssary for other nations, exchange them in their
most valuable form, for under the present system
the gold obtained from our mines, will soon be en-
/ bsusted In paying for excessive importat tons.
With profound conviction oftheir truth, / repeat
| the opinion and words Of my predecessor on this
vital subject In his annual communication 10 Con-
grcss at the last session "Ali history shows that
where are the workshops Of the world, there must
be the marts Of the world and the heart Of wealth,
commerce, and power"
! II has been shown by the experience OF several
years, that the average rate OF duties imposed by
| the present revenue laws is about twenty three
per cent upon the foreign value OF our inports l.
GLIDING free az we'll as dutiabe goods.
During the last fscsl year we imported of for
cign merchandise, including specie, si7s, 1876, ais;
and we exported, Of domestic products, foreign
goods, and specie, sl6l sss, 720, leaving balance
against os OF s26,247 ,59S
A large proportion Of this balance has doubtless
been paid by domestic stocks, which find a
ready sale at this time in European markets.
These last, however, as they only postpone a pre-.
sent payment in coin, cannot be expected to liqui.
date similar balances Tor coming years. even II Il
were the wish Of the Government u create a large
foreign debt Of this kind. The inpooy of such a
measure will not be questioned, and II is doubtless
the true interest oftbe country 10 avoidh.
In regulating our commerce with foreign ma
tons, we are therefore compelled TO take, as the