Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1853-01-21
Foreign Trade Of the United States.

Economist, paper edited by of the most able fin
ancial writers in the country:
THE actual existing trade between this country
and Great Britain is immensely in favor of this coun
try. For the year 1851, the apparent balance in ia
of the y States S2, 262 ,754 vet there was
balance Of specie sent TO England One of this
the fact that our exported produce realized less
than it was invocoe at. Another cause was that the
balance of trade between the United States and France,
Spanish West Indies, Brazil and China, against
the country-these bills were, TO very large extent,
running On London for settlement. AT the same time
great many West India and provincial bills on Eng
land sent here for SALE according to the balance
due from the dependencies 10 the mother country for
goods bought, well as for government purposes
The sales of our produce in Eng land alone pay that
which we buy of English goods, pay for the purchase
Of lea in China and coffee in Brazil well goods
of the states Of Europe through the intervention of
bills Hence the Old theories of unfavoable trade
with any country. because official returns show an APP
parent amount 10 be paid for 10 her, have long since
been exploded.
The export of farm produce cheese, hams, &C., 10
England has increased within ten years near Two mil
lions. This forms credit, against which long bills
may be drawn and transmitted TO Canton, and given
in payment for The lea merchant pays them
away or sells them 10 the purchaser of opium from
the English East India merchant. In the hands of
the latter, they the best remittance TO London, for
which there is constant demand. On their arrival in
London, they discharged with the avaiIs of Wes
tern produce sold 10 The people of England. Similar
bills running London from almost every point
with which the United States hold intercourse The
effect of this 10 extend the basis of our credits and
10 improve the means of buying from all the nations
of The earth
What London is TO the commercial world as the
common centre Of exchange, is New York TO the Uni
ted States. All the balance of the trade of all The
states here ultimately settled and from this point
the final settlement with Europe takes place At the
present moment there is nothing due Europe-:ha is
the supply of bills is equal TO the demand, and the
rate is at par
| A HAPPY lLLUsTRATIoN.--1 Courier des Flats
uns. in article the caorc ship Ericsson, Illus
trae> the operation Of the wire apparatus in alter
nateiy heating ami cooling the same volume of air. in
the following opposite manner:
The great fundamental principle OF the transmission
OF caoTc cost The inventor twenty years of reflection
10 realize in this machine. Ii consists in using con.
slany the heat 10 the air which is made
to enter The cylinders. The apparatus by means oil
which this principle is applied, is called regenator
and we form clear idea OF it by supposIng thai
a man has his mouth filled with warm metallic sponge
II he draws in his breath, the exterior air. in traver
sing the pores of the warm sponge, will itself be
warmed, and will arrive warm into the lungs, willis
the sponge. having parted with its caoc, will have
become cold if he exhales The air thus warmed this
air, in again raversng the sponge, will again warm
and will come out reduced in temperature If instead
of producing these movements by the contraction O
The muscles of he breas, of the individual an ordin
airy bellows is adapted to the mouth 10 produce III,
inhalation and the exhalalion, well nigh hav,
Ercssoa's machine.
IF there is man who can eat his bread in neoc