The daily union., 1854-07-30

Although it appears by this that in most
countries the amount of imports greatly exceeds the
estimated value OF the exports yet il must be taken into
account that the apparent balance of trade against the
colonies fully by the low price which their
exports valued the places of shipment compared
with the prices obtained abroad the value of new ships
sold in England the freghts earned by these ships while
their way to market and the large freghts earned by
colonial ships in transporting the bulky products of the
colonies to foreign countres-a of which profits sales,
and earnings TO the colonial merchant and render
the trade OF the colonies at the present time healthy and
prosperous.
After presenting the preceding statements the under
signed does not deem necessary to discuss in elaborate
manner the many interesting questions which they will
examination unquesonably present the statesmen of
England and Americas more especially the question of
reciprocal free trade between the United States the
British North American colonies is before Congress,
and received especial attention in previous report of the
undersigned submitted to Yourself and printed Execu-
tive Document No 80, 3lst Congress ID session
From 1894 to 1880 the trade of the colonies subject
of much negotiation between the two governments and
was always considered by John Quincy Adams Of
great consequence to the United States This proracted
and almost useless negotiation produced other results
than contraction OF the trade of the colonies and
arrangement between the people OF both countries.
1t is well known to the Department of the Treasury that
Mr. McIancs arrangements with England in 1880 in rea
ton to this trade most unsatisfactory the CONNER
cal community and called forth from that interest urgent
against their partial character Time has
however proved their beneficial operation upon the gem
ea interests of the American and colonial trade thus
nshng another proof that profitable commerce can only
exist in perfect freedom
Although the convention Of $780, upon the whole had
beneficial influence yet il still left the trade of the United
States with the colonies subject many onerous and u-
necessary restrictions which have had very injurious eff
feet upon IT, Until the year s40 that trade did
rapidly increase but then il suddenly expanded. From
that period to the present time there has been constant
increase but by 10 the extent which would have
unquesonably taken place If the trade had been wholly
uncttercd and allowed to ow freely in its natural
1t is somewhat singular that notwithstanding the geo.
graphical position of these colonies with reference the
United States and the national Importance of the various
relations With theD change has taken place in the pol
icy of this country toward them for nearly quarter of
century while much that is wise and great has been
accomplished during the period for the benefit of
commerce in this and other countie except the draw
back law of 1876 which has increased the export OF
egn goods from 81 1853 I6T in 1886 S2954536 in 1851
For many years after the revolution under wise and sn-
gacious policy the colonial trade received very consider
able share Of attention. and efforts made place on
equitable if not liberal, basis; but it unfortunately
became involved with questions embracing the whole for
egn policy Of the country which prevented the adoption
of permanent measures Of liberal character.
Soon after the imperial act OF 1876, which had such
disastrous effect upon colonial trade delegates were sent
from Canada this country to arrange the of
cproca free trade in certain specified articles The propo
son favoraby received by Mr. Polks administration
and ably supported in Congress by the leading gentle
Of both parties A bill introduced in l84s for
reciprocal free trade with Canada in certain articles which
passed the House of Representatives and would probably
have passed the Senate but for the great pressure of other
important matters.
This bill of ls4s considered by portion of the peo-
pie of the United States strictly colonial measure for
the benefit of the coonsts only especially was supposed
that it might prove preudcal to the agricultural interests
of this country Canada for few years has been
porter of wheat to small extent but the subject having
since been discussed it has exhibited itself in new light
and is considered by many of equal interest to
the United States and to the colonies
The agriculture Of country is well considered as its
valuable interest II natural therefore thai tfe
first question: raised to the policy of reciprocal trade
should have related to the effects of free Canadian
sumption upon agricultural interests The accompany
ing tables showing the total production of wheat rye and
in the United States for the year 1850 with the guam
y of agricultural produce in Canada show that nothing
is TO be feared from Canadian consumption:
Agricultural Abstraof.tpper and Lorer Craada, 1851.