The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1852-01-22
$l88,28j.a5o

BaIdaee oftrdde againstss for he ~
year ending 3Utho June t3JI. =. sG4,i62 ai4
| Nor is lhI-," saws the Intcgencer, ian exlg.
geri,ed estimate. On the contrary. ihe'esfinl
ted unIetyaIatnlI Of gpJs al tie custom house is
belieyed To he bcluw the reality. That under
valuation is calculated by well q1iified judges ut
ten per ceiIl, " bich would make tine anOuni uf it
twcnty-nne millions uf dollars. instead nG fifteen
millions, and would increase in that proportion.
lhe balance against the UnileJ States" .-...,,
Slnce the returns OF 1850 there have been al
d''d Ia The public debt forty millions Of dollars
Here. then. We have: s..t. -..t.f o.. s...
The public debt oI the q. S. in 1850 s275 430 GIG
TheaJ,liinn up To 1852 - 6. ~. 80 BiIaUg1
Balarce OF trade 10 June, l33l----- 81 463 sii
Is Total against us :. -. ~. s G9 9i3 $40
Wuru il WIS stated Ia the message iir Pres
ident. that the export ydhle OT Cotton f,r l950-5
lexceeded Hint al prtvi ,us years by i0.00noo0.
we proved that il ihe price plcpilun dniing that
year had averaged 80 ceuis per pound. Instead
of IL f6.l0p,ils has heeii shown the Discrepancy
would he easily ACCOUNTED for Thus We see in.
stead nf credi,hlg our side 6f The account with
~ 900 600 for cotton exparted, MS usual, we set
down the enormoas sum Of slls.OO0OOO. This
cunuut uccnr every year. lni win this large
item IN uur favor the result ui accident, and not
tue operation of nny iaw-we have seen tlEflthree
huadrcd millions would mnt squTr ACCOUNTS.
1t is impn-sibie tu specify The wfrtitnIhr items
winch have lhus placed Us ia the lureli. We will
mention three articles imported, which may serve
rs atriteriun for others The importation of tea,
cnliee aud wunl iutu the uHiind States daring
1851 us shown by the stitcment accompanying
the repnrt of iheSecre,iry III HE Treasury. was
as Gntnw-; Tea, S47g5D0i. Yhegrnl was re rx-
ported. 81, 1919 0Gi; leaving tur consumption 10
the United Smles. sl65s,til Coffee imported,
Sl2 8ji go; re exported. Sj3i.O0O; leaving inr
nIisIinHiuu in the United States. Sl2,5! .070
Wonl rnpoaeh 81 SS3. l6U: re exinftel. 81 1885,
leaving inr cnuSrn'linn ia In; Uuiic States. 81,
3a5 l9l. The imp,TtBtiun nj wanl IN 1859 WIS
Ivaln-d at f63I0O0. SiIwing5h increase in he
value uiihe nportItiUn ihe Last year ul over TWO
millions Of d,llars
Al This rate it ,vill not TAX us long 10 wind up
our cnAcern. The tendency with US Is T., buy
more than we cdn'pay for. By the Tariff al 1916,
facilities aud tenptiti ns iWnrer import IIinns are
held III. which wld prove iujTiuus aud ,eSilUc-
tive With these ftcis staring Us in tue face. we
do not see how il is possible 10 resist tue cnnclu.
sion OF tue Tribune, 50 simply aud explicitly stat
ed.
i. That lnrge propnrtion ofour nnii innal debt
is held in Europe, Wilde of our State dehts miuy
millions are liel there an,l more constantly tend
ing thilhei: ?. That great amount ofour rail-
r"nd bonds and other evidences Of corporate IN
dehts is held in Eurupe, apd more kicking
iabnut from rnr banker u another III eager quest
Of purchasers Oh utmost any terms; 3. That nur
nleroiI,lis u class. seriously debl To those
al whom they purchase in Eur"pe; 1 Tlntlprge
amounts of Eurupeau capital are cuustlGtly cnm.
ing here Tor Investment 4 being lhaned on bond
aud mortgage ani other productive securities; 5.
That great share al the imported eQp,ls sill III
first hands in this country are the pr perty of tho
Eurn pean eSpurlcis nrt their agents here, whle
iar less OF our exported adesare sill American
property; aud 8. That, ia spite ni all lhIS. the
ae Of e Stnlge is steadily aud heavily against us,
drawing AWAY our cninIat tln rate ufscvrfsiIrnil-
ions per month yetmht at all diminishing our in
lebiedntss whlcI increases nevertheless. ..,, .,t
We wish the results wore different complex
On, But it lully, il not wrong II disguise hcts
such a, these. Let'us kllow the worst and pro-
Vide for il Het The people see that whiie EnS.
hnd furnishes us iabrics uuF retnrn brea,lstufis
nd'c0tiup Is hr very lar trOm striking halnpce,
We will ut tlns,rite trade ourselves cut of hnuse
aud htne- We shall have in0,tsaige hAhghg
over our ptoperty like the sword 81 Darn,cles
II our present ruinons pnlicy is persisted in. the
an0aiIt oi our ioreigi Indebtedness wilIrol up u
The, rate " cempypqi interest,", Let il so#broad
In the. wqrd, that the tree United states OF Amer
ca are indebted o. uoualtlIical. desruiic Europe,
Eht te b,giniin. oiuie year 1852 in fhe sun a
nspJy t6Hr hnhdred millions Of dOitars ~ L.
EDry Goods Rep ue.l &. t5;tf..., ,.. 3 e3s.