Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1850-04-12

that owned at the North leaves 1,O6975 register
ed, and 1922 AIS coasng tonnage, applicable to the
of merchandise. More than three
fourths of this entire tonnage are employed IN the
of produce exported from Southern
ports The leading article being cotton, its move
ment is as follows:
1852 Bales. lbs Tens pr. Id. Amount of
81 sssssss ss5 s sssas
Total 3,ol3l6s I,2o5267,2oo 876,e42 sl6s69,682
This coastwise export is merely the first movement,
South to North and does not embrace its ultimate
navigation in small vessels. AS indication of the
freghts on other articles it may be stated that the
quantities of the eleven articles of sugar moasses
-four, pork bacon, lard, beef, lead, whlskey corn,
and tobacco, which left New Orleans for the year
1849 both foreign and coastwse, required lOl, 900
TONS and the freights worth 50 467749. OF the
quantities sent coastwse of these articles consde-
raoe portion was subsequently exported abroad from
northern ports, giving new freight to shipping
Inasmuch that Of all the exports of the country
Is per cent is based upon Southern produce, and as
we have seen in the above table, which is from Off
cial sources nearly all the shipping owned at the
North, and the rates of freight in usual years. are
graduated by that of cotton-an estimate may be
made of the whole freights. From Northern ports
these are much less than from the South thus,
while the average is about 500 from the South, with
prmage abroad it is about 81 per ton to the North
ports 1t is also the case, that vessels are built
to carry nearly so per cent. than their regis
tered tonnage, ana also that many are
to the provinces and the West Indies. Hence, the
average outward freghts are not over SIS per ton.
The American tonnage, cleared out from the United
States in 1S48 was 2 46l 28O which, at SIS per ton,
allowing two-thirds for Southern origin, YES the
following sums
Tons Northern Southern Total.
origin. origin.
Outwd 461 $50 at $5 3O6 400 500 $50 9l9 200
Inward 1893 1872 g.. 9,57592S 957392S. l9l47S $50
Total Foreign trade 1928 1928 $50 le7 O56
North fis and dG south 100000 100000 100000
Total. 1923 $50 1913 $40 1876, TBS $64 l67 ,O56
The inward freights are of merchandise, on which
the Northern shipping makes a freight-the North
ern importer and jobber their profits and on which,
probably onehaf is sold and paid for at the South.
In this included freights from Europe, South
America, and the East Indies, ranging from SO to
S25 per ton and forming large part of the whole,
that the average will not form less than ST per
ton of carrying capacity s. per ton register The
freghts of vessels in the foreign carrying trade, from
Cuba to Europe, &c, are not included.
The imports and exports of the Union were, for
lo40 as follows:
Free States 9s5 $50
Slave States. II 63l 1O2. 1901 1856
Total ........... $154 998, 1923 $154,O36, 1876
This embraces the large exports of farm produce
from the North for the famine year, and is, there
fore, above average for that section. Under the
estimate that one-half of the imports consumed
at the South, then $780, 131 ,638 must pass through
Northern hands, leaving at least fifteen per cent.
profit say S9,OOO,OOO, including Insurance, &c. In
return for this amount of bills, drawn against
Southern exports, must be sold in New York, equal
to the difference between Southern imports and the
amount OF their exports, say S6OOOOOOO. The ne
gotiation of these gives at least S1OO0OOO to
the North. On data furnished by the of 1910,
it ascertained that the value of the manufactures
of the New England and Middle States was SlS2,-
945 81, including 100000 bales of cotton worked
up at the North. Of this one-half, say S9OOOOOOO,
finds sale in the Southern States and those of the
West, which delivering their produce on the great
watercourses necessarily form part of that region,
at profit to manufacturers, JObbers forwarders
presses insurance, &c, of 20 per cent, Or S2225O
600 There arrived at New Orleans last year, by
the Mississippi river, of produce from all the Yves
tern States, a value of $50 9,098, and probably
$4,000 600 found sale in the slave States thro
smaller avenues, and at shorter distances, making
say S50,OO0,O0O; for all which received in
turn sugar Coffee tobacco materials of manufacture,
and domestic bills drawn the North against pro-
duce and foreign bills of exchange These sales of
produce probably realized 20 per cent profit, and it
is from the proceeds of its sales of produce the
South that the West pays for its purchases of goods
at the East There is also probably, $20,0OO,000 of
Northern capital, drawing large profits in Southern
employments. Stocks, shares of companies, and in
terests in firms, which, with the amount expended by
Southerners coming North in the summer season,
must yield SG0OOOOO. These rough estimates of
the profits of the North by Southern connection; may
be summed up thus:
Freghs of Northn shipping SOuhn produce 729
Profits derived on imports at the North for South
ern account 9,OOO,OOO
Profits of exchange operations 1000
g North manufactures sold the South. p 900
" Western produce descending the Mississippi TO- 900 900
" on Northern capital employed at the South, 5000 900
Total earnings of the North per $685. 436 72S
These estimates are all exceedingly small and do
not embrace a variety of transactions, which form
the basis of most corporate profits. 1t might also
embrace the profits sales to Western States which
are enabled to pay by their sales to the South
Now, when reflect that the whole of the transact
tions, out of which spring these profits enumerated
and also the employment of very large proportion
of the Northern people, as we'll as one-haf of the
whole external trade of Great Britain with all those
remotely dependent upon the persons actively enga-
ged in the trade, begin to form some idea of the
magnitude of the crime premeditated by the Van Bu-
rem socialist free-soil abolition party
If we throw together the capital and numbers of
persons directly occupied in the manufacture of cot
ton, with the number of bales required annually to
keep them in employ arrive at something like the
following result
Bales Hands Capital
consumed, lS49 employed. invested
Great Britain $40 1922 40 900 1886 900 900
Europe 9S3, 943 .23 600. 1873 900
United States 52O,OOO... .1GO 6s4.... 122OOOOOO
Total. 1913 365. .s7s 634 s67l 900 900