Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1851-01-02


Toal eul,sa.9l sla1u s5efl,a5 sala
The value 90 r'toa Naautr i~stel ifon ths .e
81 ir- during fla ,eui 1873 - q tt
And that tom Hfuat HutHii, tnc value wns lD'''tt Va
OF these aiulf. ih- Unitel tlics crod ow 1c tbut
ai1, per trti.li s,s.es oi 1858, 90 thc rAttoi M M
Our facors io ice d-c yenr cuHg 3ih bono iei-i -l0w
amounting go ll4,l Sc
Which shows how largely Great Britain is de-
pendent Upon thls manufacture for her CONNER
cal prosperity.
The United States should share in the profits
of manufacturing her own great staple and In
proportion as we increase the manufacture oi this
and other materials of which we have am abund-
ant supply, shall We be enabled to command the
produce, manufactures, and CON ofother nations
The exports of raw cotton to several countries
from Great Britain, exceed those from the United
States 10 the same countries, and that the yalnt
of such exports of American raw cotton from
Great Brtain to the continent of Europe exceed.
/ the entire exports of American cotton manuiac
lures to the whole world.
Our entire exports of breadsiuils and proyis
ions to all parts of the world during the past year
will scarcely amount TO the value of the cotton
goods imported and the duties thereon.
These tabular statements are intended 10 show
how important an article IN the commerce Of th'
world is the cotton Of the United etstes, and j
manufactured by our own citizens, how wldel,
our commerce might be extended. Instead 0
an Importation OF nearly S20OOO,OC0 IN the val
nc of cotton manufactures ina single year on
annual exports of those manufactures should b.
SlOJ,0t0O00.
The warehouses of the United States will no
be filled with the products and manufactures q
other nations, SO long as we are content TO expor
our cotton and other raw materials IN tler crud
state and import the most common articles O
clothing.
r.,lgt- should ha ht.
means TO encourage the manufacture of our ow
materials. and, SO far their product may be mo
cessary for other nations exchange them IN ,hel
most valuable form, for under the present sysleI
the gold obtained from our mines viii soon b
exhausted IN paying for excessive lmportatlOns.
With profound conviction of their truth,
repeat the opinion and words of my predecessC
on this vital subject, IN his annual communicg
ton 10 Congress at the last session; - All hl'
tory shows that where are the workshops of tn
world, there must be the marts of the world, an
the heart of wealth, commerce and power"
Ii has been shown by the experience Of se'
eral wears, that the average rate Of duties impo.
ed by the present revenue laws is about twenty
three per cent. upon the ioreignValue Of our IN
ports including free well as dutlable goods.
During the last fiscal year we imported of 10
elgn merchan4lse, including specie, Sic, 1856
3ls and we exported, OF domestic products, ol
eign goods, and specie Sl5l,e9o,1<O leaving
balance against Us Of S26,2l1,5!'c.
4 large proportion OF this balance has doub
less been paid by our domestic stocks, who
/ find a ready sale at this time IN European mari
cts. These last, however, as they only postpor
present payment IN com, cannot be expect,
to liquidate similar balances for coming year
even If il we're the wish of the Government
create "a large foreign debt of this kind III
impolicy of such measure will not be questlo
cd, and il is doubtless the true interest Of Il
country to avoid II.
In regulating our commerce with foreign n
tons, we are therefore compelled 10 take, as Il
true basis of safe importation from all countrle
the amount of our own products, which We mi
reasonably calculate may find a market abroad
1t is certain that the increased ability OF tH
country to consume foreign goods, will at Il