The Belmont chronicle, and farmers, mechanics and manufacturers advocate. [volume] (St. Clairsville, Ohio) 1848-1855, 1853-04-29

mtrican prUns tel short pl Vie prJa1aie un-
dtryHluation Of foreign invoices. From i'll
formation derived rom reliable sources, we
are confirmed in ouropinion that the estimate
on this point made by Mr.. Brodhcad is not
overratet. Even If taken on the amount of
dutiable goods consumed in the United States,
il would more than countcrbalance any eddi-
tion that should be made TO the home value
of our exports; and, as already observed, this
is all the use which the honorable Senator at
tempted to make Of the item, rs it forms no
portion of his estimate Of the amount Of the
adverse balance against Us.
The Journal Of commerce also objects to
the item Of five millions Of dollars as the
probable value Of goods actually smuggled
into the United States, g. Cor which OF course
no returns IRE made in the official statements
Ut alleges that Sjo0,0O0 would cover this
item; that the other S4,50o,OO0 is merely in
the itaaginatiUn; and it asks where this en-
ormous amount Of smugg|ing is perpetrated!
Ii il would reflect upon the cXtent'O our
frontier Grd sea-coast, with our lNunerous-
bGys, rivers, and inlcts, and Tie uttcAimpos-
sib.lty Of guarding or protecting them from
such proceedings, il might come 10 different
conclusion The Canadiln frontier and the
Isks shore o.rcr facilities for suuggiing which
amount almosJto perfect safety in the attempt;
So Huch 30 that we understand there is uu
actual tariff Of prices for Il boat-lood of goods
from the Canada shore, regulated by the
description and value Of the ariclcs.-The
European Governments, with their rigid and
strict preventive s. detective systems, estimate
that FIVE per cent on the amount of gross i'm
portatiJn is moderate allowance for actual
smuggling; aud in some counties, particulars
ly Spain, Portugal, and some of the Italian
States, it is much more. With the Infinitely
greater facilities and the much less effective
revenue systcm in tie United States, the
estimate Of Mr.. DroGhead, which is only two
pnd half per cent Oh the gross iinportations,
must be considered as very moderate. The
hundreds and thousands of our returning
travellers from foreign countries, though not
guilty Of actual smuggling, must introduce a
large idl1vhi Of lcrcgG productions, in the
way Of waches, jewery, ready-mode clothing
and other articles, all Lo1a fdc for their own
use nnd in actual wear, which they are Justly
entitled 10 hive ndmiltcd free Of duty as per.
scnal baggage, but for which no custom-housC
returns are made. Articles thus Introduced
though done legally, would amount to sun
in the oggrcgaic which would very certain,
coygr any over estimate in this five million
200 actual smuggling.
" -i.ot, ho,otes, further discussing tht
correctness Of dr. HgJdhcad's estimate n
the different items, Of which it Is composed
is there cTy one prepared to deny that th,
gcnorH resGl' ia correct and that, if lie hu
81. i
probably 1--we uudcr-estimated adverse items
or ociticI olhcTa altogether, when the fact.
oI the case as regards thc general result urC
taken ihtg yielY. l!u estimates that the bal.
nncr againet Us is sixty-four millions of dol
lars, and statpa chat oar Official return sh ows
We haze liquiiatGd iLis balance in part by
shipment ot thrty-seven millions of dollars
IN sfocie, leaving the remaining twenty seven
LiiIigns to 5o Eguidatai by stocks .elnitted
TO E"Iore. iie specie item is official, aud
we iiiHk we car confidently appeal to any OF
the more e...Chs i've and weil-inlUrmed bank
ius Nuus-s,," Hog York to aay whether they
c"1rot ~ 4 gejr snovirizse sur..lo -ew Statc
and city iuans, and negotiations Of railrond
cuna, ard other bonds in large masses, which
have been made with the lgcnts of foreign
'''"'N' ~ VA" NN"h''g w W "F'N'al NIhcIltul
agents sent 10 Europe for the purpose, equa
III the aggregate TO even more than the above
twcnty-seVcn millions of du!lara! Our in.
quIrIcs on the subject here, from the best
sources, induces US to believe that the ne.
gCtatious ot new loans and Of railroad and
other bonds, made with foreigners during the
last year, does very considerably exceed that
amount; und this also, it wll be rccollcctcd
is exclusive oI rrmttlHces of stocks made
by private individuals, either in preference
10 buying exchange TT high rates, or purchus-
ed in greater or less amounts Tor foreign ac-
count.
So far as the nation is concerned, if the
general result be the same, it is immateru
whether the mode by which Mr. Brodhrad
rrfivos at the result is correct or not We
have full confidence in his different items,
believing that none OF them are over-cstimat-
cd. AT any rate, we are morally convinced
thnt the balJnce against us, in the aggregate
OF our transactions with foreign nations is
not less than what he states; aud that we
have, for the rcHsuas stated above, actually
liqndated un amount at least equal to said
balance, Ly shipments of specie and trans
mission o! stock; which stock, OF course,
goes 10 swell our uHpdM balance to foreign
ors, aud adds at lcust 81 800 900 to the pre-.
sent annual interest on foreign debt.
MYSTERIOUS DrArrEAGANcG.-W were
iuI4.,t.l 40 Mnr.I,II n .Gir