The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-06
oIn rINAN.IAI. srRENGrn-

duCtiOu OF sia. Iu .Tlgl.s los object /, 90 provo
that the Resumes of the coun'rr ar. far ,r. .atgr
oua ;ty,,r,5i.ly., .,. ,...-. 60. -,
anu ' N'"'''"u 100 ii'"'1 IafVI"''c YUAN Is CUM
monty supposed and especially TO demonstrate
two propositions IF irst, that the balance Of rade
between the [ pitpd Safe. and fpreirn nations l.,
largely in our favor; and. second. that u1twItb-
standing the war, the production OF the loysl
states ls greater than it WAS at the outbreak Vi
"Ihe only just and adequate measure Of the
national resources, say. Mr.. BioJget, "is TO be
Lta.hyu lhIIu+l d Cttuh'.ph Oh tuc quantities
u all h'.Its vi Naut Piouhetu' ana Oh tht eN-
changes, pom ' q"h.ll,s ana values con-
tuI'NU WIN IultI-" .,.llII.s. MeisuIeI oy
u,s. I"u s.hIu"Iu-, IN, ac.uhl Nval'h Oh the
.uun" 10 l,uNI tlNa.e' @ 'l'H u'ulg "lu'uulg v,''.lA'y'
i,i rtN' c a., .r - "'e.' 'as' ln' 'lnuE
W,'" loio-u H','S, a.. 4vls, .uo CNpIvs-'ouo'
the actual results Of the industry aud produc-
uycuo,s OF tn country and on this point gene
rali1cs the result, OF his Investigations AS lol-
lows .
'Vnu2fy 10 & tLS mIfosa,rn almost uREerssHy pTeya.
TNt T &c sts ''' '''' '.10 '' " ''''" '''' at '''
"S.I mo- Important the fact that since the war the
3si. e., N iaig, OF iu@ ,led states IA urcgn trade
pTrc,sin, M E b,iCr WA. f,i go s @ , isi s ~
was in $500 hring ln N. lost named year S5i yos Op
viii in ls62-ait was sl9haiooO'
The fact, and drures cfad ON botb those noints
AlluOuEh ,alhg ~ PaII 10 ears Oelore the war,
beSn S pc1 cc5 S b g aBy SI yo D5 nUi aeTgoPTS
form. such returns of total exports for recent
years as have been published require TO be cor.
rected by adding the actual report of the cotton
crop OF 1860, which mainly went out while the
Southern ports were still open, yet was not en-
brsced in the published report Of trade for
lS6o-6l. Correcting the tables on the principles
inc tbe neriyd vgben SSsc ,Srts ,,,Sr, o!,r,'i
In8 thG peilOu "H,h lhesC PotS were actuaLly
open, the totals OF thi. year become '-
Exports. '0SiGSN
Imports 5b!OI51I'
Balance in favor Of United statcs..,... sjsssIgsl
TIE rrcorrrctcB ,or,os cave -, l,,r,ocot otI,or
vVoy oC SSG 305 $40. yet eve, mis- corrcctior, is
beioE Ike rso y,lue cf fbc evnarfs 0f nr"di,cS
from Sontbern nortS Irrin,r rho rnrrioi prort
ed Bnt takinG mis- statemcnt for tho vnnr ig3n
GI tho connorison of tho TntaIs NJ f,rSiyn trado
co. a Sorts az yes,-, ~ ig,q sI.,,.s tiat ''"N'
,,r,s ...,, -, - 80 -, .,,,,,,,.,,, ,s.,
rises eraduay and steadily to 1888 its ayeags for tbs
last two years tie worst OF tie war s5 $4,000 each
year Its ayGlages for the two years preceding the
1Essy, ahu l1D3ooS WS' S-o'IVI ~ can year 9hy'
ports is $40 an annual average of s4 al Gi5.
and for the last three yuari an annual average of
s5i,l6l'2ci
This statement includes the mutual exchanges
of gold, and excludes exchange Temittances.
If, however, gold is not to be reckoned rs mer-
chandise and is excluded, it remains true that
The annual balance Of aggregate foreign trade in favor
Of the United states for SIS years to July l, 1866
SiS&tS,o ~ ana LaI ue @ %Hnua, Sol SEM a1r 80
SSaeS TheTe was ther.r balance Sciisyys ar
gold Of the United STATES averaging annually
SS,s4I vb'.'
Comparing the British official returns Of trade
between the United States and Great Britain
will our own Official returns, 1t appears, deduct
ing the yalue of gold and silver exchanged from
both import and exports, that
"The average in favor Of the nod states for rco years
before The war is S2il7s6Gi for th,oc year of war
Sl2Bl' 009 aud tor SN years Sll5l50S2 But the true
ro urc ., ] s GGrs be s0' "gH s yO S
For tnrce years OF ofwar.................. So 1850
For six years. J'296s5'
So that by either method Of calculation it is
demonstrated that the balance Of trade remains
during the years of war as it was before with the
United States, and not with foreign countries in
general nor with Great Britain in particular.
The second division of Mr.. Blodget's pamphlet
treats OF the "increased quantities of important
articles produced in the United States :" and its
aim is to show that our actual products have not
fallen off IN consequence of the war, but have
tinuance.
10 this view we have no other suggestion to
make than that, while we accept the evidence of
increased values, we cannot suppose-and we do
not know that Mr., bodget means to argue-that
the condition OF the country IS more favorable
than It would have been mad there been no war.
That It IL IN advance OF what 1t was four years
ago is abundantly demonstrated by the facts
which this pamphlet adduces, but we conceive 1t
to be equally demonstrated that this increase Is
not IN consequence OF the war, but IN spite OF 1t.
To many branches OF industry the war has sup
pled an unwonted stimulus, but II is Impossible
10 suppose that on the whole the United States
would not have been richer country il the ener-
ges of million of its citizens had been turned
steadily to productive instead OF destructive en-
plOyments.
We can present Mr.. Blodgets figures only in
the most condensed form. He shows that the
eastward tonnage of all classes OF merchandise
increased from 734 IA tons in 1880 to 6,290i24
tons in 1868; in which the New York canals, the
New York Central, the Erie, and the Pennsyl-
Vania Railroads are included. The total tonnage
increased in the same years from 17S6.32l to
lO595,2lS. Elaborate tables Of different articles
moving at the different important pOin's are
given--at Chicago, Milwaukee, at Green Bay, at
Toledo, at Buffalo. In every case the positive