Smyrna times., 1861-10-31
England Paying the Piper.

England Fay1ng the Piper.
Many OF our people have been amused, and
not few have been enraged by the evident
sympathy which the cotton question has indu.
ced the English to bestow on our rebels. John
Bull, as the frieRd and would.be protector of a
new state based on the corners stone of human
slavery, is avery ludlcrous objec'. Bat events,
Il seems, are going to give a finer point to the
picture.
1t is evident that SO long as this war lasts,
England and France must furnish the money to
carry it on.
Oar trade with these countries consists of an
IEts tsrchange ofour agricultural produce for their
They cannot dispense with our
produce, for they need It TO feed their people.
We can do without their manufactures most of
which can be made here, and not a few dispen.
sed with altogether. If we stop importing
manufactures from Europe, France and Eng
land are compelled TO pay in gold tor the food
which they must have from here. This 5 pre-
cisely what has happened. The Merrill Tariff;
the Closing #, the Southern markets, which
formerly consumed large quantities of silks,
cottons, wine, etc.; the general arrangement
OF business caused by the war; the tendency
OF every person TO econ mze, in view OF the
troublous times: all these have, for the time.
reduced our imports TO a nominal figure, and
has forced our European customers 10 pay for
The food which they are taking from us in gold.
A few figures will make this very plain.
Up to this date last year we bad imported
from abroad $l95.ll4,968 worth of foreign
merchandise, being some twelve millions less
than we imported during The corresponding
period OF loJY. Up TO thus date this wear we
nave only imported about $lOO.OO0 900 worth
Of dry goods, we Imported during the first nine
and a half months Of 1860, S5G34S,Il4 worth;
during the first nine and a halt mouths of SCI
weo"Iy imported S37 ,467 ,522 JfIhe same goods
Oar exports, on the ether hand, have been
heavier TINS year than ever before. During
Tue hfst nln" and quarter months Of 1860 we
ssnt abroad 31l,Sl9 5l9 of produce aud mer-
cha nd'se, twenty millions mOre than we had
shipped during the corresponding period Of
l7)9; during the corresponding period of TN 8
year we shipped as nearly as possible 800.
OOOOOO worth Of produce to fore ga countries.
increase IN our exports ls to be see 10 the see.
Gle movement, which acts as the regulator of
our foreign commerce. During the first nine
and half months of 1860 we exported to En-.
rope &42,OO0OOO of specie. and mp prted about
- UUO,UOO; during the correspun ling period
OF this year we have exported ab9ut three mil
lions five hundred thousand dollars of specIa.
aud imported fOriy-three million dOl,rs. Thus
II Is evident that while we have been supply.
ing Europe with food, France and ENGLAND ha We
been supplying US with gold TO carry OH the
war.
Nor Is there any prospect ofa change in this
state OF things so long as the war lasts The
failure OF the foreign harvests is an admitted
iact on. all hands. France has not had so short
crop for twenty years, and in this port alone
there are at the time we write not less than
thIrty-hVe large vessels loading with American
wheat for French ports. England, weare Civ.
en- to understand. is scarcely better off; the
eOrn-GeaIers say 1t will tax the whole mercan.
tile navy OF the two countries TO the utmost to
supply Great Britain with food enough 10 pre-
vent the price rising 10 oppressive 6gures. Il
Is aa certain as any thing can be that our ex.
ports 0! produce to Europe will rather increa se
than dImInlsh during the next nine months. Or
the other hand, there is no reasonable prounc
for believing that our imports " i'll increase very
materially so long the war lass. UntI
peace Is re-establlshed the Southern marke
will remain closed. The Northern people. a,
a rule, may be relied upon to practice econo
mics until they see their way clear out of tht
present embroglio And politicians OF III pa r.
! ties are agreed that, at all events, as long a,
the war lasts there must be no reduction in the
customs duties. For the sake Of retaining oul
specie IN the country, and drawing gold from
Europe, the most ardent free.traders are will
ing, for the time, TO waive their opposition I,
high duties. and 60 vote for a tariff which shal
ender the importation of foreign luxnries q
CONF sratIve lmpOssIbIlity.
Thus England and France, which might
seven or eight months ego. have crushed thi,
rebellion in the bud by iFanky informing the
| rebel leaders that they would not countensnce
the rebellion, are caught in the trap they laiC
for as. They believed, in their short. sig b led
selfshness that the injury and the ruin of thil
country would be the gam of England and
France, and they let the rebels go on from
blunder TO blunder, and misrepresentation tC
misre presentation, and exerted all their energy
90 defame and cripple the Government of tbs
United States They are now reaping thei
reward in q decline of rs per cent. in the ex
ports from Liverpool. in " short time st Man
chester, threatened riots at Lyons, and in IN,
satisfaction of knowing that, as long us th,
war lasts, they must supply the gold for iss pros
scutien. -Harper's Weekly.
Two can make love. but il takes three Il
make wedding,