Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1850-12-21
TO FRANCE.
TO GREAT BRITAIN.

4 1876. S27,707,7l7 S9,607 Sl0,0S0,465 none.
/ ls47...... 35,s4l,265 6,765 l0,3sI,3ls S2l6
ls49. -. 47,444, s99 1881 lOls5,7l3 none.
1850. 4s,ss4,45s SO A,as5.44s $50
1900, 5sa sls,o4l s5s.47l.7s5 ss.las
Table No. shows the value Of the exports of cotton
manufactures from the United States and Great Britain in
the year S4s and the countries to which the sent
From this table will be that the value of cotton
exported from the United States during that
4 year 30, Tie, 2O5
And that from Great Britain the value l09 OOs
which shows how largely Great Britain is dependant upon
this manufacture for her commercial prosperity.
OF the above amount the United States received from
Great Britain, per British vessels, for ls4s, to the extent
Of Ss,2sb ose
Our records for the fiscal gear ending Both
4 June, ls4s, show importation of cotton
4 manufactures from Great Britain amount a.
ing to- Observation-Disclosures. A,477, 97s
The United States should share the profits of manuac-
turing her great staple and 10 proportion we increase
the manufacture of this and other materials Of which
have abundant supply, shall be enabled to command
the produce, manuf, cures, and coin of other nations.
Table No. exhibits the exports Of cotton from the Uni
ted States and Great Britain for five years-om 1874 to
ls4s, inclusive
By reference to this table, will be that the exports
Of cotton several countries from Great Britain exceed
those from the United States to the countries and tina
the value of such exports Of American cotton from Grea
Britain to the continent OF Europe exceeds the entire ex
ports Of American cotton manufactures to the whole world
Our entire export Of breadsus and provisions to all parts
of the world during the past year will scarcely amount to the
value the cotton goods imported and the duties thereon
These tabular statements intended to show how impo
an article to the of the world is the cotton
the United States and if manufactured by citizens
how widely might beextended Instead Of an
importation of nearly S2O 600 in value of cotton manu-
features in single year. annual exports OF those manu-
| features should be $780, 100000.
The warehouses of the United States will not be filled with
the products and manufactures other nations long as
content to export cotton and other raw materials
their crude sta and import the most common articles
clothing. s
Our policy should be by every constitutional means to
courage the manufacture of materials and SO far
product be necessary for other nations exchange
them in their most valuable form for under the present
tenn the gold obtained from mines will be exhausted
/ in paying for excessive imporations.
With profound conviction of their truth, repeat the
opinion and words Of on this vital In
bis annual communication Congress at the last session
"A history shows that where the workshops OF tho
world there must be the marts OF the world and the heart
| Of wealth, commerce, and power"
has been shown by the experience ct several years that
the average OF duties imposed by the present
is about per cent upon the foreign value
Of our imports, including free well dutiabe goods.
During the last fiscal year imported of foreign mer
chandse, including specie Sl7s, 3ls and We exported,
of domestic products foreign goods and SPECIE $751; $780,
| leaving balance against us of SIG, 247, 69s.
large proportion of this balance has doubtless been paid
by our domestic stocks which find ready sale this time in
/
pone present payment in coin, be expected TO qu
date similar balances for coming years. even if it were the
wish of the Government to create large foreign debt OF this
kind The mpocy Of such measure will not be ques-
toned and it doubtless the true interest Of the country to
| avoid it.
In regulating our commerce with foreign nations are
therefore compelled take the true basis Of safe impora
ton from all countries, the amount Of oas own products
which may reasonably calculate may md market abroad
is certain that the increased ability Of this country
consume foreign goods will at this time safely admit larger
importation than in former years, yet the experience Of the
last year has shown that imports have been greatly
exports which last must be regarded the true
Of our ability for any given number of years
upon the large mpoaons of the past year the increase
should continue at the ratio that Of the past quarter
which as already stated is Sls,0o0O0O, the aggregate
amount for the fiscal year ending 30h June, 1885,
will not fall much short of $3.50 O00 O0O- survey Of the
markets OF the world is believed, furnishes reason to
expect that expectations will exceed those Of the last
which have fraction less than one hundred and
ffy-wo millions. This would leave the trade of the
current fiscal year, with foreign countries, alarming bal
ance which could not fail be felt in results fatal to all
branches Of business home and highly injurious to the
venue of succeeding years.
These considerations forced by the existing things
upon the attention OF this Department. submitted
to the wisdom of Congress- in the belief that they present
reasons of the most imperative character for modification of
the present laws. The large prospective mporta
ons should be checked by higher of duties
bring their aggregate w,hia the limit of capa
bty to pay. II the exports Of the last year define that limit,
then our imports for the ensuing year should greatly
coed $751; 600, 900. 1t believed however, that may
calculate safely upon export of gold for several years
come Of at least from ten to fifteen millions annually. exclu
sye what abroad direct from CALIFORNIA; without any
detrimental effect upon the currency business Of people,
The supply Of this metal from mines may present
estimated at $50, 900, 900 annually including that sent
directly from California other countries, and this supply
is believed will not be likely to diminish in amount for the
next two or three years.
IT. then, afford to spare the above amount of the
precious metals in payment Of foreign merchandise, may
be fairly assumed that exports, including all articles viii
be equal to about hundred and sixty FIVE millions, sup
posing always the trade of the world remain unaffected by
any disturbing In the opinion Of this Department
would be unsafe TO amount Of imports basis
upon which TO levy duties for beyond this latter
the present rates Of duties be applied that smount
should receive from only ST. $50 900, and the
amount Of required for the present and succeeding
years would fall short Of the estimates for the current year
by fraction over seven millions.
II cannot be doubted that Of duty higher many ar
tces than that paid by the present law might be established
without affecting njurousy the The extraordinary
influx Of foreign merchandise for the last year and the first
quarter Of the present be regarded conclusive proof
that increase Of duties advance the amount Of
mcns the amount Of imports is entire
ly practicable.
That such increase will be found necessary the demands
Of the Treasury believed to DO beyond doubt unless Con-