Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1851-01-11

tSu ny Wit AGSllDuQOlS, WIN InG
sanction of our six hundred legisla-
tors.
Mr.. t. despatched from Havre
vessel, freighted for the Uniten States
with French merchandise, principally
Partisan articles, valued at 200;200f.
1T was sold at twenty per cent.
profit on its original value, which
being 10000 francs, the price ofsale
was 100000 francs, which the assign
ee counted into cottons. The cot
tons again had to pay for expenses
OF transportation, insurance, commits
slons, &C., ten per Get. so that when
the return cargo arrived at Havre,
its value had risen to $4,000 francs,
ard it was thus entered at the custom
house. Finally, Mr.. II. realized a.
gain OH this return cargo twenty per
cent profit, amounting to 70,400f
The cottons thus sold for 49,, ,400f
If Mr.. LeshbudC is requires it, /
will send him an extract from the
books of Mr.. II. He will there see
credited 10 the account of profit and
!oss-tthliat is to say, set down as gain
ed, two sums, the one Of 10000, the
other of 20 a,l1n. 400 francs, and Mr.. II.
feels perfectly certain that, as regards
these. there is no mistake in his ac-
count.
Now what conclusion does Mr..
Lestibudois draw from the amounts
entered at the custom house in this
operatonl He thence learns that
France has exported 100000 francs
and imported $4,000 whence the
honorable deputy concludes that she
has spent, dissipated her previous sa.
wings, that she is impoverishing her
self, and that she has squandered on
foreign nation $4,000 francs of her
capital.
Sometime after this transaction,
Mr.. L. despatched another vessel
again treighted with national produce
to the amount of 100000 francs. But
the vessel foundered on leaving the
port, and Mr.. S. had only to in
scribe on bis books two little items
thus worded:
'Sundries due to X. 100000 francs,
for purchase Of divers articles des-
patched by vessel N.
Profit and loss due to sundries
100000 francs for final and totGl loss
Of cargo
In the meantime the custom house
inscribed 100000 francs upon the list
of expectations, and as there can of
course be nothing TO balance This en-
try on the list of importations, it
hence follows, that MIR. Lestibudois
and the Chamber must see in this
wreck, a clear profit to France, of
100000 francs.
We may draw, however, vet a.
mother conclusion, viz: that accor-
ding TO the Balance of Trade theory,
France has an exceedingly simple
manner of constantly doubling her
capitol, 1t is only necessary, to ac-
compEish this, that she should, after
entering at the custom house her ar
ticles for expectation, cause them to
be thrown into the sea. BY this
course, her expectations can speedily
be made TO equal her capital; impor-
tations Willie nothing, and our gain
will be al that that tie ocean has sws!-
lowed up,
'Yon are joking, the protectionists
will reply You know that il is inn
possiblE that we should utter such all
surdities- Nevertheless, answer,
you do utter them, and what is more,
you give them life, you exercise them
practically upon Jour fellow citizens
as much, at least, as in your power
to do.
The truth is, that the theory ofthe
balance Of trade should be precisely
reversed. The profits accruing to
the nation from any foreign COM
merce should be calculated bv the
oyerplus Of the importation above
the expectation. This overpius, af
ter the deduction of expnses, is the
real gain.
Here we have the true theory, and
it's one which leads directly to freq
dom III trade. Inow, gentlemen, a.
bandon YOU fms theory, as Ihave
done all those of che preceding chap
ters. TO with il as you please, ex-
aggSratc it as you will; it has moth
ing to fear. Push it to the fagthest
extreme; imagine. if il so please you,
that foregn hatinns should inandate
JUS with useful produce Of every de-
scription, and ask notnipg iuretufn;
thai our iInportaiions should be inf
nItSS Sand our expeetationg nothing.
Imagine all this, andssill / defy YOU
70 proYe that we shall be the Doorer
~aE~w 49,