The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-07-07

business oil the Union has been follows for 1855
Enpors. SoJss1 goo
Observation-Disclosures. 63iIsOoo
This Is probably nearly the In relation TO imports
In relation to exports is probable that the proportion
IRON New York has been less than last yeahat
the aggregate of the whole Unon will prove than the
above estimate; for the feason that there has been larger
export direct from the South r this reasohe Of
goods imported at New York the exports much
higher by over $780, 00 against of SOB OOO
900 in 1859. The exports from New Orleans foreign
will this year exceed by SIS 900 those Of last
The aggregate exports exclusive of specie, will probably
reach two hundred and five millions The balance, after
allowing for profits On sales abroud American freighs
earned abroad &c. paid for specie stocks rernted
The question frequently presents itself in form Have
the large of goods which have been imported been
sold those who have produced equivalent or have
they been cold those who have consumed them the
hope of realizing the Of paying for them from future
industry speculation Ii the ldtcr has been the case
then the fate of those who trade borrowed capital"
overake if Otherwise then the great import
atoms only evidence of the universal prosperity
review OF all the circumstances that have attended the
past year would ead the conviction that the
latter is nearly the csse-ihat IL Is sotnd prosper
i resulting naturally from the action oil these prns
cples OF commerce recognised by the democratic party
and Tor which it has peIseverngly and rnmpban,y
aboed since jackson struck the first blow the
SER 10 1928 The great extension of commercial beraliy
which followed the proclamation throwing the trade open
British colonies tho ee.rade compromise in 1888, the
years OF commercial revuons, and established under the
administration Of Mr. Polk have beon gradually working
great results facilitated by the concessions
the part Of other nations by The
Pile of the United Slaes. The great commercial reforms
which the world has witnessed in the last fifteen years
in theory, but the necessity for their
adoption. The railroad mnna oil 1885, the famine Of ISi7
the revolutions of SiS49, and he Simultaneous discove
ries OF the gold regions, all which in aid
Of and impaired force to. the systems Of commercial
nations 1t impossible that all these attending
the working of principles newly adopted should be with
out results Those results are the immense prosperity
which enjoying. The chief immediate causes
of the large imports three LIST, modified duties and
other abroad which have enhanced the demand for
and raised the money value Of United States produce
I'd. the demands Of California which sent the Atlantic
States 500 600 900 OF gold being the Of her de-
mand ior good, and produce 81, the annual arrival Of
400 600 souls from abroad whose demand equal Thai
Of CALIFORNIA; and who bring the means of payment with
them. The population Of Connecticut in 1850 1863 0eO
and their personal properly assessed at $50 900 600
The mmg the United States for three years 10
1853 0,H0, three such States Connecticut
aud four times the number in California Those people
have settled lands and boagb, goods and II they did
dig the money pay for the goods of The soil,
California, Ihey bought II with them, having the ei-
feet upon trade they brought ba goods that swell the
import list with them. Tuus the great railroads
and canals borrow money in Europe like the Illinois VI,
600 900 pledge OF lands those lands sold mmi-
grants for money brought into the country, and which ha,
been sent back TO London lenders OF that loan. The li-
nois central railroad bought 5l0O0 900 worth Of iron
bonds that iron sweied the imports and the duties; il has
keen laid down. and simultaneously thousands Of mmi-
rsnt.. with money from Europe, buy The land OF the
company, who redeem their bonds with H. This pro.
cess is the same if the immigrants had brought
the rails from Europe their shoulders, and laid
them down the lands they settle. These persons also
become consumers of goods imported and mauufac-
t.red. The industry s'on supplies raw produce Ia ex-
change. In addition TO whatihey may have brought with
hem. In thee years. ending June 80 there epo.i-
3.lgp
god The 100 900 imm grants did in the time not
bring less shan 500 ooooo0 about onc-third the ave
Connecticut per head The incTcn OF
aad all crops in the period has been S2o0 900,
s00-mskng $3.50 100000 OF erraordinny the be-
sis Of enlarged imports.
1t has doubt been the that the California trade
has Tor the last year been losing but the loss has
fallen upon The commercial capital of the seaboaid The
farmer got good prices and the merchants who shipped
got less for II than cost them 81 also Of the imported
goods California less gold received thence In
than is due in Europe for them. The d,f renee Il.
the los. ofhe Bo,ton and New York merchants The e..
fret Of that California demand upon the ability OF the pro-
ducers In the interior buy goods is the lf il
seemed profitable trade the merchant The unfavora e
of tho California uade has, however, had deprc,s-
effect upon tho spirit Of speculation, because IL 1, the
enerpti,ing who have encountered the loss. TIL.
manufacturers who have tod the sood tho farmers who
raised the produce that destination md the
shipping which transported II hithef have MI done very
well The onierprisng merchants who projected the voy.
ages alone have with losses. and probably the
only spot 10 tho year, business Some the clippers
hat been built have cleared themselves one voy age
out while those that paid the reights tho money; ssd
consequence of the low rates which goods 70
in Cafonis, the Of gold that has been received
there is arc,, than should have been. Nevertheless
the specie movement at this port has been follows
Receipts and Export, Of Specie at Ne~ Yort.
Imports. Exports.
Is5o. 1853. Is53
months .Sojo20 So,i0i &24stp6o4 4ia,472
six months i,sesl 100000 l2oscoe ssssssl