Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-09-02
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: ,ySfsIi;I ;1URsi,t:, AUGUST so :"

sy,:c
onancc If large shipments OF sieeie ',' or,o,ions
on from thai port for several ho'''' ,ry orlr en-
~ ,, spccss Of The produce oil the eoC""s i;,;,y
=. w. -, G,s,c. of that class of people IN '"e ~
c'tes 50 TO-, e oyer snccic begins 10 leave '''o
u ,, =, once thrown into thorouah tfe'.a'' ,,,
- a,ouni there may be in ohef coui'' . oa ;c,,
b source these fears bcI!ay IN ms e: ,n,,
,rcc of political economy ana n saa "" " r. =, m III,
,,a,.inl knowledge. Currency IS MOI ' or :,
,ho, commodities Of commerce. Il ce''a'" ~ ,,,
ois' a"a.s,r =, the business OF the country. "Ee'
,bis amour, is secured and the ctan''' "a :,
sod al further supply redundant becomes comparatively
g. commercial purposes and either remains more
ss IN the country or seeks more proitao.e en-
,snt abroad It's price at home becomeso"er IMAM '
,bInaG and il leaves markets wherein supply gcae'
for markets wherein demand is more active.
The prodisous influx OF specie IRON Ea'uoi'i" l' p
d,ced such result in our country our suPpies u Sr
have increased and above Inc a'hooi'' VI ~ r
rims some sixty-tvc millions oil dollars s!hce le '
ar tho mines Of that country This increase Oh sec'c mas
induced a proportionatc augmentation VI PaPei '''
and the aggregate volume OF our currency mas P'oo' "
anubed Money has therefore deprecated in relative
value with u.s. while it has renamed Tue sa''e uoio1'
i therefore worth more abroad than with US and stream '
eo an, from our country for time il has now
apparently ceased, the Level o. prizes 's
and an equilibrium established
1s,o,d of commercial calamity this tendency OF specie
abroad Is onlv one of those heathul operations oil INC laws
of trade which prevent ovcradng and cures those e
lar mutations and spasms in the commercial SYSTEM WHICH
are its nsepaabe attendants To show The %
the panic tina, has prevailed in New YORK; but winch Is o
away the Journal Of Commerce furnishes e o'"
m ,,temsn, of exports and imports up August l 1851
Receipts Of gold and rsr into he LnNea !a'es ''"'' ''
discovery Of gold in California. go -oo nco
s,oornt from California 18th instant Sioooooo0
Do gold and silver by emigranls S 9HN'E ECE
Do foreign Go. on ireght oI,
slO7, SOC OU
suecie exported from July l, ls49,
to Aug II, 1851, from n York. s3s G5S S SDV
From other ports 7'00'V AZ ZIG S5O
Total exports ...o
Excess of receipts Of specie exports of do
c., ,h d,c Of this computation there has been fur
Their net, excess OF imports over exports Oh specie ~ INC
amount of some s. 100000 making the total quantity oy
which The specie of the country has been augmented since
| July 1S49, about SGT, OO0rUUU
In view this large specie expectation inc leaea p
has renewed its feeble attacks upon the laF o. lo4o anu
revived lis old exploded and fascd predictions OF :un
general and special the country 1t attributes inc emu"
of specic 10 excessive mportaons OF foreign merchandise
and represents the country becoming rapidly h'oveu III
foreign debl by the operation Of the obnoxious ar =
s moi willing a, all TO let each importer manage his own
II no, ye; willing the aggregate interests OF 'Ae
co,nunitv 10 individual wisdom and prudence directed 10
tho of the particular interests OF members Of
the community 1t would help the trade oil the country oy
throwing ummels upon it, and secure the general prosperity
BY striking u, the of individual prosperity. lis fcsoy
for imagined public evil is the production OF Individual
Il would help the community along by Gripping and letter
inc its constituent members Wise philosophers these
Brave reormers arc our editors of IbuncS and Expresses
They say we import much, and 1t IS therefore a our
snecie takes wings for another continent The Journal
Commerce meets them with the following statement Qrom
the record of imports and exports for lie" years
Imports into the United States, exclusive OF 90,
specie-year ending June 50, lSoU, sio1,VSI'ooo
Thirteen months TO July 81, 1901, ~o''1'io
ro,,, 1913 90s
Exports from United States, exclusive Of spe,
| cic-year ending June 80 1880, sl4437572o
Thirteen months ending July 81, ,,o,o,
ISL H., 327,7lGo26
Excess Oh ii'p" ,'.. III '"'' 45747 $50
The excess which the statement exhibits sfory-fre mil
lions onv for more than years or some seven per cent
upon the total seven hundred millions OF import and export
,,dson excess which represents the earnings OF our ship
min end the commissions merchants upon these ope-
rations which do eater into the statement.
So much for exports and imports during tro years last past
Those years exhibit nothng rulhous /" ''' op''a = "
Tariff of 10 But the Journal of Commerce does not stop
at this pon. of the Investigation 1t goes down 10 Inc DOL
tom OF the subec it begins with the very beginning OF ms
Tariffs existence and furnishes the following exhibit from
the record operations Leaving specie mpor'aons ana
eyporatons out Of the account the results have been as lo
lows for the years succeeding this Tariffs enactment
Of Of
Exports Imports
Yeor ending June 80 lsl7, sl2,l59.95l
sio' 2l0l6 gig
e q iS50 26,237,5 SIS
Thirteen months, ending July 81, ,o.,-cc
1851, (estimated) lo,ooo'ooo
27,256,52U 29,306 Ola
81 25G, $50