Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-04-04

1865, prepared by the Treasury Depart
nent at Washington, We are told that
England exported to this country dur
ing the first eleven months OF that year
l02, 1874 ,Ss2 yards OF cotton goods
0s,679,0 A yards OF linen goods, 1906
POI pounds OF cotton thread, l,sS2,50l
pounds of linen thread, 5s7, 1877 yards of
silk broad piece goods, 5,772 dozen silk
handkerchief shawls, &c, 90 .s2l pounds
of silk ribbons, 4 sos 900 yards of wool
len cloths, 1895 l6 yards OF carpets,
druggets, Sc, 1872 .3s9 shawls, rugs,
coverlets, &C., 7O,52O607 yards OF wors-
ted stats, besides large quantities OF
iron, steel and other goods.
Now, let Us see whas this kind Of traf.
ac costs us. The gold value OF imports
received at the port OF New York during
the year 1856 was sale, 6lS, 1874, and If TO
this amount be added the import duties
paid on the same OF sl28,079, 1880 In
gold, we have total sum OF s4S4, 692,-
e45 90 In gold, or s60s, $40, l22 81 in cur
rency. This may be taken as the sum to
be paid by the country for the goods
imported at a single port for one year,
being one. fourth OF our entire national
debt
1t is a matter Of no little Interest to
learn how this snug sam is to be met,
as met it must be in some way. In ex-
change for these importations, foreign
nations took from the same port exports
exclusive OF specie, to the amount OF
sl37, 1878, 200 in gold, or sl92, 500, 4S0 in
currency. This is about As per cent. of the
imports, leaving 90 per cent. to be pro-
vided for otherwise. OF this amount
about q per cent. was paid in gold,
leaving unpaid and to be settled here
after the handsome debt Of Sl49, 1858, 707 &.
How is this to be paid 1t has been
settled, to be sure, for the present, by
the transfer OF interest-bearin bonds /;
but these bonds will in time run out and
have to be redeemed, and how will that
redemption be efecteds Not by our
manufactures or products certainly, I'M
less, by the stringent operations of a
wholesome tariff, we succeed in material
ly reducing the amount of our imports,
as, under the present scale, the longer
we continue importing the more In debt
will we be. Without relief from some
source what is to prevent this unequal
traffic Nothing that we can see, ex-
cept the exhaustion OF our means and
the refusal OF foreigners to longer give
US credit, an event which most of US will
live to see if this rainous policy Of low
tariffs Is persisted in
With this state OF things, we surmist
1t would be rather hard for free trade
logicians to calculate when the proper
ton OF specie TO paper money will bt
such as to warrant the elevation OF oul
currency TO gold basis. With drair
of $50 O00,0 900 per annum topay foreign
laborers, while much of our own pro
auctions lie valueless upon our hands
aud our laborers are in consequence to
great extent unemployed, 1t will not, VI
think require profound learning or deel
financiering to figure where the enc
would be.
, But the free trade sonopoltsts tell u
that they must "buy where they can bu.
cheapest, than which more deceptive
. language could not he used. Is i
, cheaper for farmer to let his grain 70
in his barns and pay Is cents in gold pc
! yard for prints than to pay 20 cents il
, grain at fair valuation He can pa.
| for nothing unless he sells his produce
and If the foreign manufacturer will 40
| take that, aud the American msuuGac
turer will can there be any question a
E to the course to be followed by the pro
| ducer7 We think not, and claim tina
( the American manufacturer, ae hi
| friend. should be sufficiently pfoteete
, against foreign competition,