Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-04-09

during the fiscal year ending the 80th
June looZ S10a' a do5' oo .oo
The value of exports 669o7 ,4so
Difference against the United States $40 IA, ,248
The above predicated the'oicial returns of the
but they Of course only approxima-
to the facts Of the case there several deficient
elements to insure their accuracy
The Imports for instance, based on the invoices
produced entry at the custom houses and on which
duty levied and therefore aowances is made for
frauds in undervaiued invoices. What this item may
amount to it is impossible to say, but should think ten
per cent the aggregate declared value would be
sonable estimate Nor does the above value OF foreign
imports embrace the actual smuggling of foreign IA
brics which Lake and Mexican frontiers, and on
the rivers and bays the Atlantic board must
be very considerable and probably in the aggregate may
amount to four five millions of dollars
On the other sde the value of exports is the cost
the shipping ports and does embrace the increased
value which foreigners pay for them delivered in their
ports which increased value consists OF the freight SO far
the merchandise has been conveyed in American yes
sels Insurance. profits &C. is, ofcourse Impossible TO
arrive at any thing like correct estimate the above
points but after good deal of examination and refec
ton the subject have to the conclusion that
these uncertain items connected with the imports ana
exports of the country probably about balance each other
in other words that the underyauation OF foreign in
voices and the value of smugged goods may be about an
equal Offset to the difference between the home valuation
of exports and the value which foreigners pay for
the latter delivered their ports with the addition of
freight insurance. profit, &C. On this basis, therefore
though the figures given by the returns may
not be correct yet Tie result is about the truth and the
real balance against in foreign trade for the last
fiscal year may be stated at the above sum- in round
numbers, say $40 900; for which have provided
by shipments of specie, by the transfer and sale oil
stocks The balance certainly cannot be less than the
sum have named because many of our exported art-
cles taken in foreign vessels on foreign account
But this by exhibits the full balance that has
been accumulated against by foreigners during the
last fiscal year.
Onrh info Mt
with the subject estimate that present indebtedness
to foreigners principally to Europe, in the shape OF Fe
dera State city, county, railroad canal and other COR
poraon bonds and stocks, is in the aggregate not less
than $500 100000 which, at interest of six per cent
would give additional annual amount of Sl8 100000
to be provided for.
The expenditure of citizens travelling in Europe
has been estimated at high ten millions annually
but though this class of citizens among the most
wealthy, and make lavish expenditure abroad, think
this amount is oser-estmated, and that FIVE millions
would be the mark and certainly does not exceed
! the actual outlay for that item.
The maintenance of the navy on foreign stations anu
the diplomatic expenditures amount to about three mil
lions more. The payment of the indemnity to Mexico
under the oaty Of peace has for the last few
yolved annual foreign expenditure OF three millions
but the last of this indemnity having been paid
future outlay that score will be required
The remances by Irish mmi grants TO theirfrtnds
in Ireland involve an amount which makes il an item OF
national importance. late English paper states that
the receipts from this equal to the whole of the
poor rates of Ireland There large and wealthy firms
in sea-ports who make it principal part Of their
business to furnish such parties with small bills Of
change of from f to e5 sterling for which they charge
extra rate and realize heavy profit The remttan-
under this head WILL Mt very low estimate be at
least five millions Of dollars per Something
siderable is also out by German and other immigrants
Against all these items of srecorded ougoags know
nothing neomRg, except what money may be brought by
immigrants, which probably may be estimated at ten
millions of dollars per
The account current hen of the United States for the
last fiscal year with foreign countries will stand fol-
lows:
Excess Of imports the exports of the