The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-12-27
S255,au,65s
S7O,O59,s25
Excess imports

Excess imports Sass, a5O65s S7o,059, s25
Hero large balance Of goods and large balance Of
specie against and still exchanges incur favor
Could not this fact have suggested him that commercial
accounts can be settled without his helpf
The Secretary however, In his fears about this adverse
balance states that In series OF years II produces
accumulated debt" and bankruptcy Who does he sup
pose the debt 7" When goods ordered the
bills are remed to pay and these bills drawn against
produce sold abroad, with the bills OF adng UP this
time the supply OF these bills has exceeded the demand,
and consequently they sell for less than their par value. Ia
years gone by under the corrupt credit system Of the
National Bank, Of which the Secretary was
shipper, long credits given gods imported,
and they sold hero credit people who and
drank them up, and failed and cctld pay notwilh-
standing that the dulles tina higher than To
people who do pay all, the duty is but of little
sequence IL is frequently the case however, that the
weight Of the duty produces inability Tay ALL That
is not now the case PAY go" 10 the rule and the
exports of the country do govern our imports nOtwith
standing that the Secretary thinks they be made do
only by act OF Congress. Tue head of the department
ieasoneih ihnss
IT upon the large mporations Of he past year the in
quarter %hes as s.Sy .ae the cue
gate amount Tor the current fiscal ending 30h June,
the markets Of the world il Is believed furnishes no reason
70 expect that our expectations will exceed those Of the
million. This would leave, GU the trade Of the cunen, IL.
cal year with foreign countries an alarming balance which
succeeding years"
That the imports have been greater during the last quar-
us but what the Secietay says OF exp1ts is not
true and the which informed him Of the in
creased imports would also have informed him OF the
rors which immensely larger than last year. only
Of cotton, but OF breadstus The domestic exports from
the port Of New York alone f the first Ave months Of
the fiscal year 1885, S2i ST. against sl2 In the
period last yearan Increase Of 70 cent-and The
prospect Of very large export tous this year. The fact Of
this large increase was NECESSARILY known 10 tbs Secretary
when he asserted, as above, that there reason
poet that expectations will exceed those Of last year"
On this false ac and in face OF tables which he parades
and which show the immense development Of int
trade since the mutual modification Of tariffs the Secretary
attempts TO base principle AZ follows
81 /. believed that own experience has shown that
exports be greatly extended, have sup
posed. by low duties upon foreign goods in our ports Ills
owners vgilsnt and alert with ali the knowledge
which interest can impa and all the skill which experence
country which can anywhere and a p,oanaLls market
These agents. which are Away. active e,end our export
traffic ., all time. 20 the utmost limit Of advantage 90 The
Did ever occur to III eenu, that importing merchants
equally vgant and aer ans that hes experience and
skill directed 20 the finding Of profitable market lie
regard them army Of giants, with nexbsusr
ible cspiis, living only 10 crush by rivalry the luckless
manufactures OF the Union.
The loose aud digssied manner In which the Secretary
reasons 10 illustrated In the following
"This free passage through Brush custom houses has
not. however, increased British demand for we find
exports Diminishing in proportion the effect Of the
famine 10 ovefcooe BY the subsequent abundance Thus
the e.Por. Of brsad.snd. and Proyision. in 1877 wa,
ia 1850. s2606l.S7s (Sse statement - Oar exports In
1881 sec sement Of thess articles were 2
Il s , III y and , ,s, II s s, ,.sss
A. before stated he knew from his osoal that
IN the Ave months Of the Hscal year 1851 that have
the export Of bresdsus and provisions Ia very much
larger than last year Yet he says J they continue de-
crease, they viii be ess The export value Of 1877
at very high prices caused by the high OF ranspoa
ton. Thus they charged 81 II for barrel Of -four from
Buffalo New York, and produce did not In consequence
net the farmer much than this yesr Tho qasnity
exported In 1917 at present prices would not range higher
than forve millions yet In consequence Of chespness
ofnsnsportstion, would be profitable to the farmer
have shown In former letter that the last the cheap
est year for food which western Europe has known for
twenty years, and consequently the export ,hher must
have been small reaction has taken place from those
low prices, and exports quite lsenesry large
In shs former year. Take the export Of the Ohio staple
for 1850 and 1877
Pors, sss BAn ,sdsseon, Lsrd,iSs. vsIus
-. ,r.n ano.n ~~-. produce e..