The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-02-05

ruJiitpv-e--.-,
Again, to those who desire TO And, In the amou-,
Of exports. an evidence Of prosperity" this Fact
will be interesting, because the facility thereby af-
forded for sending our own products to distant
kess. Cotton, tobacco, -four, and rice. are bulky,
and require much shipping; whereas coiions, wool
lens, and silks, compact, and require hitie
shipping and when our imports arc III great
degree Hunted to these latter. the raw products cx
ported must bear almost the whole cost Of the dou
Bile voyage. When, on the contrary, We import
largely OF men from Europe, and Of coffee, tea and
the raw materials of manufacture, from other parts
Of the earth, the cost Of the voyage lie divided be-
tween the outward and inward cargoes and II, by
any course of policy, the import OF men and Of raw
materials could be brought to exceed, In the guam
tty of tonnage required, that which would be need
ed for the transporting abroad Of our products the
effect would be TO throw upon the imports almost
the whole cost OF the double vcJaSc, and Of course,
to raise the price of the commodities had to Sell;
and lower that Of those We had to buy. We should
then be really buying in the cheapest and selling in
the dearest narket; whereas when the exports are
bulky and the imports compact, the price Of the
former is reduced by almost the whole cost of the
double voyage, while the latter pays scarcely any
freight, and then selling in the cheapest nd
buying in the dearest market. To ascertain 10
what extent the former effect produced in the
period now under examination, the result in the
augmentation Of shipping is here shown:
lS29-30 ............t...... $1,000 tons
1851 Observation-Disclosures. 10000
1871 -52.,.,.......,,..... Ia, 00O
los2-53.... ..........,..,. l6l 900
lo33-54. .....,.....,....-l lS O00t
How far the public revenue was benefited by the
vast increase that had taken place in the product
i've power Of the country, may now be shown.
The average receipt from customs in the two
years ending 1928 ............. S2i ,s00, 900
That Of the year ending September 80,
1851, was. .............,,..... H,SH, ll6
That OF the year ending September 80,
y5.!JDG
That Vt the year ending September 80,
1857, was. Observation-Disclosures. 81 1865, DOL
So large had the revenue become, that tea, cof-
fee, silks, and other important foreign commodities,
were now, for the fret time, made duty free,
and yet the revenue Of the following year was az
follows
Year ending September 80. 1893 s 80, 94s ,42g
In the next year. the agitation resulting
from the removal of the deposits
caused large reduction, and il felt to 2l,79I 935
To rise, in the following year, ending
September 30, 1885, to.............. 35,430,057
Up TO this time the amount of debt contrac ed
abroad WIS small and this large amount Of foreign
imports was paid for, almost entirely, by our ex-
ports. Our ability 10 be customers to foreign ma
tions had largely Increased
II Is impossible, as it appears TO me- to study the
history OF the period which interviewed between the
passage OF the protective tariff OF 1929 and that
at which the compromise act of 1893 began to
make itself felt, without arriving the conc lusion
that the productive power of the country increased
in most remarkable degree, and that the ratio of
its growth was greater from year to year. The
domestic market had increased largely, and yet
the power to furnish commodities for export had
also largely increased, and the reward Of labor had
risen so much as to afford Inducements for The
transfer OF the laborerB of Europe to our shores,
thus making constant increase in the markets for
the production of our own ploughs our own looms,
our own anviis, and for those of foreign ploughs,
looms, and anyils, to be carried in our own ships.
II was the first period in our history that could
H. cotd tn nvrnx boo a. Al -
andsimple reason thati the frstin which we had
fairly tested the truth fhe idea that n union there
is strength" Prior to that time, men had been con-
stantly flying from each other, because the cen
trifugal force greatly in Of the centripe
Land now, for the first time in the history Of The
nation, the. two forces were seen to balance each
other concentration taking place of dispersion
The average of the two years previous was
10000.
The diIhinution in this year is TO be attributed
to the agitation which followed the removal of the
deposits The effect of that measure may be seen
in every portion the transactions of the year.