The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-01-03


IL will be observed that exported S2S 0Oo, 80
per cent more England than back and this is al
ways the England always owes large balance
in trade, and from the fact that she banker
From other nations, France, import than we
export them. and the payment for the by bills
running England against the of produce send
thher Now years l84 and 1871 years great
in Engand-so much that II Involved the resgna
ton Of the ministry after Mr. Barring, the chancellor had
in order raise the imposed additional per
all duties and had, by DOING diminished the
The of that distress the protect We
SYSTEM and cured by the adoption of the
principle by Sir Robert Peel, who then ca ne in So far
from wing productive power had more than
although it underwent through the opera
Of the tariff Of S+3 Oflate England has come to con
much larger proportion of American produce than
she did before, and of of goods
taken in payment, Ia this connexion | will remark
upon notion absurdy erroneous, entertained by such
protectonisis the Tribune and Mr. Secretary Corwn
and it is in relation to the present condition Of the
manufacturing interests That that interest is suffering
there is but le doubt; but hey realizing now the
direct influence Of the tariff Of 1912, which tempted capt.
tai by bouutc. into that business until it is overdone
and the home markets glued with goods ma de under
protective system, and which therefore cannot be sold
in the free, neutral markets will endeavot to make mis-
very In the years lsi9 and 1850 consumed
in the United States sos 269 bales cotton which is equal 70
22s IOy 800 pounds The ption Great Britain was
according Du Fay circular for tho year. 1856 i2D
les pounds. The comparative consumption Of the two
countries is therefore ollowsi
Consumed. Population. Per Equal to yd's
lbs. head pef head
Great Britain la, 0O7e5 100000 AZ I5g
United States 22s,lo76Oo 22,oO0ooO IOa 324
TINS people Of the United consumed Ia i year
20 yards each cloth. OF home manu- facue in
year than do those Of the British islands IT, now we look
back the year when Great Britain manufactured the
quantity of that the United States did wear
and compare the value OF goods exported shall have
strange result
Lbs cotton Value OF cotton
consumed goods exported
Great Britain, 1923 20s 9Sf 1896 $50 65I 0s5
nted States, 1850 22S I07 800 i73Ll2I |
This gives the fact that when England
cotton under the protective system she umed hardly
yard of herself IL was when manufactures did not
,xs elsewhere, and she commanded the Of the
world. Tho United States manufactured last year
,O0 pounds cotton than England did in 1927 and
We exported S7s,00o,O00 worth less Our "home mar.
se' Is double what the English "home rke' is oar
n snuiacturers make and sell TO their counrymen 20
'ard. per than the English sell
theirs and yet such people Greeley and Corwn
he folly talk of encouraging" their manufacturers Let
the two years ofthi, "home market" For this
ourposc, will take the bales OF pu rcha sed by
pinncrs at different periods veung these 400 pound.
zach gives the weight Of cotton consumed, and this is
Usually three yards 10 the pound, Hence the following
able
Bales Equal q United Yards Yards n,