Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-06-22
STOCK
.[sEroRrED by 7. o'pRlES. STOCK BROKER, GOLD HILL
SAN Francisco, June 22-lr.M.
The Rather Of Water.

The waters of the Mississippi drain IN
area Of l,244,000 square miles. They are
nayieable BY steam 1864 miles and &C.
cordlng to an estimate of Mr.. Benton, are
boa,able $4,000 miles, Of which $4,000 are
computed to unite above St. Louis, and
90, 900 below. The commerce which floats
upon these waters moves, not to a local
market, but to the markets Of the world.
Il enriches the whole Atlantic commercial
region. 1t is q copious source of revenue
to the canals, railways, and navigating in
terests of the East. The cities of Boston,
New York, Philadelphia, and Baltimore
are participators in it, in common with st.
Paul, st. Louis, and New Orleans. This
commerce affects the exchanges Of the
world, supplies the elements by which
alone foreign commerce can be conducted,
and contributes to the customs revenue
by furnishing the commercial marine the
outward bound freight which is to be ex-
changed for the return cargo. For inter-
nal trade ia the foundation Of foreign COM
merce, which is called into being and sus-
tanned by the domestic commodities fur
nished for export. In another form, 1t is
an extension Of it, distributing its freights.
Each react upon the other, and any at
tempted discrimination in favor Of one to
the prejudice or exclusion Of the other de-
feats itself.
In the upper Mississippi valley are sit
uated the great food-producing States,
Four of these Sta,es-Minnesota, Wis
cousin, Iowa. and Illinois, as well as the
new Territories erected west of Minnesota
and o vast region extending north far into
British North America, to which a rail-
road is now in progress Of construction
from st. Paul-are directly interested in
the improvement Of the upper Mississippi
river. But are these the only parties in
terested9 BY the census returns OF 1851
it appears that New England raises barely
a suficiency' of wheat to feed her popula-
ton three weeks; and that for six months
in the year even New York is dependant
on the Northwest for her breadstutfs. The
tables which are annually laid upon our
desks from the Treasury Department show
that the products of the Northwest have,
during the recent war, sometimes constl-
tuted as high as seventy per cent. in value
Of all our domestic exports, exclusive OIL
specie. Is not the proposition a r u one
that in the same proportion they have con-
tributed to the customs revenue and sus.
tanned the public credit. One thousand
dollars worth of Minnesota wheat export
ed to Europe will purchase there in ex-
change $1,000 worth of duty-paying
articles. From the returning imports the
Government, under existing tariffs, derives
an rverage duty in gold Of at least thirty
per cent, or $500. Whatever. therefore,
by cheapening existing rates Of transport
tation, stimulates production, enlarses the
basis Of foreign commerce; and in the i'm
proyement Of the navigation Of the upper
Mississippi, not alone the grain-growers
and stock-raisers of Minnesota, Iowa,
Wisconsin and Illinois have a direct in.
terest, but also the inland carrier, the
eastern consumer. the ocean navigator, the
consumer abroad, the foreign importer,
the buyer Of imported fabrics, the miners
of Montana, Idaho, and British North
America, and the national Treasury itself