Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1850-07-30

EFFECTS OF LIBERAL COMMERCE..

L..
ihc William Steward has arrived AT New York being i
Gr%' british vessel from ChnI under the liberal operation
o Tic new navigation laws. In consequence of the passas,
oi Tile new navsaon act sercra other British vessels av,
started from Canton for the United States Canton cor
respondent Of The New York Advertiser spcculcs viii
SOME msvings, upon the ultimate effects of Introducing
formidable rival into trade. lie writes:
me hrisl funds which no" accumulate in China
10 about fifty millions of dollars per annul being the p.o
rccaS vi Goods i"In Eagland and OPIUM and from
lnnl Ills leaves large surplus above what is required
pay ioT exports British; account
o The ten millions n d,lars required for the American
trade, fully six millions taken from this surplus fund
exchange 'uI bills an England. With these facts in view
one wou1 ask hu" pursue the tradc advantage
no" i!lh our ports 10 British vessels IL Ame
ah should now 20 TO IN Engshman and oitr him bills or
i''oh Ia exchange iur his dollars the English merchant
Would naturally say, III this oney invested in teas anc
siRs Tor ths United States il will pay profit TIE
oil remittance England will make ,a prof. nv If
ana mus Instead o ianiiag the moncy tie Aicr
can, he %ou!d invest ii his account There vii
"i'i' toubt be good deal of this done especially when
prospects aFe good - We Shall ind 10 our cost.
But as am last becpinc convert II the PRINCIPLES o
free trade and hevc hcpc , its application will prove to bt
'f ne g neral good ui mankind nj large, do not feel ha
nave a rishf 10 cam.lin.
While prospects for t!e commercial So:!d in general
quiet encouraging those for China gloomy in the
rcnc.
This great country being fast ruined by the opium ira
he The quantity III his rrrn!coGs drug expected 10 be i'm
ported TINS year - eighty thousand cteSt, valued n abou
ioriy million oi doi;s This throws nm balance vi
tafeag'nsi China. The importation oi this drug IS con
iininlly dranin. The country Of it, precious metals.
Were II not for the opium the country would pros
per Greatly in the ioe trade the legitimate balance being
h';ca in her favor But this drug only throws the
whole balance he other way, but draws from tie country
about fifteen millions {" dollars in gold and silver every year.
We however, have such n confidence in American
prise and ii ability, compete with any milton in the
world that view the arrival Of he first British vessel
cheering stimulus the skill and enterprise ci
people. Any extension Of the sccptfc Of is 4
sign Of real progress and The Americans will be among
The last 10 reap lis benefits. Ii any tlligcn reader will
take time Ia hinS, only for hour two, the
signs ol the times resulting from the recent berazrd
own distracted Unon lie will I'VE quote the Advertiser
be overwhelmed with the and rapidly accumaling
licences Of the speed with which the world is hgstcning
ti!c unity of all lis nations how spGsng her
way by the aid y! science into every part o the word hah-
tied unnhahiied land water. And all these movements
have neloratnr influence they band the nations together
community Of interests with cords strong that great
almost compelled 10 settle their differences
BY negotiation instead Of by battle Ii is sublime thought,
crowded with visions ol bright fuiury, had but time
and space 10 dwell upon it, Were for that bane o.!
China opium eating, with is oncryating effects We could
suppose that China would speedily up herself from the
burden Of nonn,ercoursc with Other people, and become as
If the nations o the carth she much longer de-
lay the putting oil oi her exci,iycncs forced she must
be into ihe march nations IN their individual and co!lcc
two