Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1851-12-11
DECEMBER IL, 1851

nv NtiuSS VI OuF uoueStlc exports Tor the
last fiscal year, as compared with those ofthe pre-
yiou5 year, eXhIbitan increase Of t3,646.332. At
first view this condition of our trade with foreign
nations would seem to present the most fatterinr
hopes OF It's future prosperity. An examination
oi the details OF our exports, however, viii show
Lhat the increased value of our exports for the
last fiscal year IS to be found in the high price Of
cotton which prevailed during the first half of
that year. which price has since declined about
one-half ''00'
Ihe value of our exports of breadstuh5 and
provisions, which it was supposed the incentive
Il 10y tariff and large importatons from abroad
%ogd sll have greatly augmented, has fallen from
So9,IOl,82l, in l847, to $26,O51 ,373 in 1885,
ana u to S2l ,94S,6533 in 1851 with strong prob
apMillty, amounting almost to certainty of a
sui ilrther reduction in the current year.
The aggregate values of rice exported during
the last fiscal year, as compared with the pre-
lousy year, also exhibit a decrease amounting to
b460,9l7, which with q decline in the value Of
's---cio tor the sams,F Foriod, n9he az 9rpregate
decrease IN the two articles Of 1,l56,751 dol
lars.
The policy which dictated low rate of du-
ties on foreign merchandise, it was thought by
those who promoted and established it, would
tend to benefit the farming portion of the coun-
try, by increasing the demand and raising the
price of agricultural products in foreign mar
ket.
The foregoing facts, however, seem to show
incontestbly that no such result has followed
the adoption Of this policy. On the contrary,
Notwithstanding the repeal of the restrictive cora
laws in England the foreign demand for the
products of the American farmer has steadily de-
clned, since the short crops and consequent
famine in portion Of Europe have been happily
replaced by full crops and comparative abun-
dance of food.
1t will be seen, by recurring to the CONNER
ca statistics for the past year, that the value of
our domestic exports has been increased in the
single item of raw cotton by S40,000,000 over
the value oftho export for the year prece ing
This is not due to any increased general de-
mand for that article, but to the short crop of the
preceding year, which created an increased de-
mand and an augmented price for the crop of
last year
Should the cotton crop now going forward to
market be equal in quantity to that Of the year
preceding, and be sold at the present prices,
then there would be falling off in the value
Of our exports for the present fiscal year Of at
least &lQ,000000, compared with the amount eX-
ported the last year.
~ ,,l p.ouo,,I' ". sG-" ia ''o,l l''I' 'o c a4 I
p5. G rnr 91JP t ~ p.3,''4s g. I 9apPt5 y. u.'
iiL;a .-o.i ual qy,, ~ 9J:''I r ~ .o W. oU'''e
III, u,iil',,. h 'al, ,o,'0 y, .I' ".-'y VI
e,,, r,o L,,o a i.a,J, ,t:ll, Isl1a1
s't9' j iI7I n,''0 D4-i ' my P''t.'ty 0''oioo
o,l ~ wy oi,,,i.o.,,0a's ~ .lCeo D'' " li2' :
VI i.eoi' ''.' i'''tlr'S -
"9 1I -
2o'5 5 9'ty o'iie W. a ] 'ili VI t'tl ~ 'iV7o s'ii
.''l.' - i 'i,i, 't't''''' =,
o'I4 sDI o,'a - il,' uo'',' t - ,,.-'
f,,,s r, hriro,, [;th i os i he,
Jmo ,o,, . ,''l t;,a to 5nasr Gsastro5 consa
anonae. to tba bnsine oa1 canital Of tLe Amer
can people.
~ a2la s''sgeartH.pf sHeee ta hqpidate the foreign
ocDt aluring the past fiscal year have been Szi
,T} 1880 over tae amount Of specie imported
49, n9 exports OF specie during the first quarter
Shnnld snacio aoiinnc to m oeen ,,r,d ~
rate for the remaining three quarters Of this vea
1t will drain from our metallic currency durjD,
the year ending 30ih June. 1852, the enormoG
amount of 500, SOY 308.
In the present nrosnorous condition oG tho ma
tionaI finances. if will he fine dntv or Conrros
to consider the best mode Of povinr Off tbn nnb
lie debt. Ifthe nreseot and anijcinatod snTnIn
in the Treasury should not be- absorbed bv nm
propriations of an cxtraordin,rv character tbi
surplus should be employed IN such wav, AN,
under such restrictions, as Congress NAV enact
in extinguishing the outstanding debt of the ma
ton.
Byrefercncc to the act Of Congress- approvet
9 h September, 1850. it will be seen that in con
sderaton Of certain concessions by the State 0
Texas, it is provided that the United Statet
shall pay to the State of Texas the sum of tel
.mjIIion3 Of dollars. in n stock bearipr five ne
cont interest and redeenabo at tho end O
f,urtsan yoars tho interest pavab,e halfvearlv
,a+ tbo Trass',r,, Of tba JTpitrd St,tos :,
IN tbo sar,o .sct;on of tLc law if IS fnrtbcr nro
,.;ial .,I,,t ,r +I,r G,,o ,Iians of sa;
Vided H3t no more Iuah lLy7 nnIIoh5 ol Sa"
LDI.. bonI, om5 obor cort;Gontas -
'3Vll9 Iorns 'G"' @it G.,;7, ~: , '"'o,1' .
S'oO ~ LII ''''cs i ''' nt to ~ .
.fGo I1nit5d States releases Of all claims aogins
ti7 ol'le'' ~ W. ~, ~ "a '''oo'r, n | w. ,,' r
OF cerlicat9' III suIh lo'l,i as Il3' W. pre-
scrooo 3y tHe iccI9C'Ty 0I Vh9 t.Gd'o'N' ~ aI
'apPro'Ga ny ulc IIo9sIoo"' VI '"' 0NI''
olaIeS, ,-,c.,
"o io',ii VI W. ~
p,oso,!oI" y L Lo t ,ilsbaI IN all b3 oal
ing newspapers IN the commercial en-, cues Of! Of tn
United States and all persons holding claims
the kind specified IN the foregoing. proylso wei
required to me tneF releases n IN 'e Ir5 'oIW ,. ull
prescribed IN the treasury 1 Z ul9 on'Isq Yea '''o'
on or peIoro 'he ISL ooy o octooo'' io''i r.. n
though this PueRGati9h ms l. oeen continued m l[o e
tho %2lll day OF Mafch, l0oi' yeI up 70 tne ~
OF October last comparatively lew releases h'
no aIt4orSS 6c socretary 0 '9 I of bo o tezoS at
furnished a schedule oi the public debt Of tn
State, created prior 70 h9r admission into Il
nion, with &C copy pio6 q the laws under which ca,
have from the GoculGns l iuLlS'lJu ,hn oia py u
: State Of IeXas, ue'eltilheu Gi9 c9 .%s: o.'sse' u