Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1859-03-31
PRcsPEcrs OF THE CouHrRY IN lS5!

FRcsPEcTs OF THE IOUETRY IN 1862
The N. Y. Courier in an editorial upon the
subject, states that the exports from New
York for the first eight months Of the pres.
ent fiscal year, exclusive of specie, were
thirty-hve millions Of dollars, the imports
into New York for the same period have
been one hundred and twenty niue millions
Of dollars, or an excess of ninery-iour mil
lions Of dollars in the imports into one port
in the past eight months. 1t is well asked:
II we do have good crops, can such an
enormous expenditure of the vlials of the
country, namely, capital and raw material
al low prices, be continually made for the
high-priced manufactures Of pauper Eu-
rope? Tho total exports Of agricultural
products last year from Ohio, the richest ag-
ricullural State in the Union, was less than
twenty fve dollars Tor each inhabitant. and
not ons-fith of this, or five do!iars for each
person, ever fioated on salt water or paid
debt abroad, and yet we are now importing
at the rate Of fifteen dollars for each person
in the whole country, in rich silks, high
priced cotton goods, and Injuries of one
sort and another, including iron rails for
railroads. We have examined returns from
different parts of The Country, and will ad-
hit that there never as as much and INT
in cultivation, and, with good weather, there
has never been such crops as will be raised.
But never mad we as many idle non pro-
ducers. never before did i, take the profit
OF as many bushels Of wheat 10 pay fer one
yard Of high-priced cotton goods. made in
Europe ir"n raw material raised here
Not for twenty years have there bpen. pro.
portionaly 10 our size and numbers, as few
cotton mills, iron furnaces. and coal cnmpa.
MES 10 make home market ns in this very
year.
The indebtedness Of the United
States in the past two years wa:
Inly ], lS57..... ....... ...... ...s $40 $50 2s6
July ], 1851, 5l.slu777
Increase ''..'' 800. .......... ST, S50, 3yi
or an increase If about 80 per cent. Tie
probabilities are that this rate of increase ~
public debt will continue ihronyh.nr The
present year, 81 that our debit m July 1859,
" - - - w." ''i' eisH iliiitoii~ O uol-
lars. The present expenditures oi the gov.
ernmsnt are, including interest on debt,
ninety millions OF d.llars. This expendi.
tnre. alter allowing for The borrowed re-
seipfs, makes an importation Of frnr hundred
millions OF dollars ofiore,gn goods, or ab"rr
Sl3 Tor each person in the Country neces a.
ry 10 prevent bankruptcy. We have there.
lore yearly importation greatly in excess
Df our present trade, with an increasing ia.
Iionai debt, as the alternative 10 a bankrum
government. On The other hand. we find
by he Custom H"nse record. that our ex.
ports TOR the present year will probably moi
Re over three hundred millions of dollars
To show the truth Of This Statement, We give
he following official figures:
Total ua'us of Exports from, The Port of .New
York for eight months, Including february.
Ex. from July 1861. 1873. 1853.
10 Feb.... s32,U53.2I0 s7i,Ol9,4l3 s54. I63, O62
Ths total exports for the first two years
or the Whole country were
For 1861 ...... go. .... $685.. 90, 1852
1878 ..... ...... 223,6iI,42l
We can hence form an estimate from the
a!iing oE in The exports from New York
What the decrease will be in the total ex-
orts. II in the same per centage the toia!
xports will not be much over two hundred
iilious Of dollars.