The Conservative. (M'connelsville, Ohio) 1866-1871, 1870-07-08
s20,o00,0OO

Montana, 12,000,0 DOC
Colorado and Wyoming, 1000, O00
New Mexico, 100000
Arizona, 1000, OOO
ALI other sources, ,O0O,0 0O
Total, . s63,50O,0O0
1t is estimated that the CONNER
eiaI debt, and the national debt
held in Europe, is not far to-day
from 81, 500, 000, 900, which, at six
per cent, would give $50, 000,0 900
per year interest IN gold, or some
10000, 600 per year more than we
obtain from all our domestic sour
ces. In the face of this fact of q
shackling of American labor for the
benefit of the foreign, as well as OF
the domestic bondholder, the Amer.
lean producer realizes that the ag-
gregate resources of the country are
truly lessening. Population is in-
creasIng. The necessity for more
yearly wealth, that the people may
be properly clothed, fed, warmed,
sheltered; ETC., to say nothing of IN
creasIng luxuries, is apparent 10 the
commonest intellect; yet, what is
our condition in that respect? Why,
statistics show US that we have less
of food, clothing, warmth in winter,
and shelter from the heats Of sum-
mer, than ever before as a people.
A IessenIng of business, adecreased
production in the face of an increa-
sing population, proves this: We
exported and imported in 1860, in
gross, S691, 000. 200. In 1859, $685.
O00, 900. In 1853. 1924, 00G, O00.-
Now, ten years have rolled on, and
we have increased from a popula-
ton of thirty millions in 1858, to
forty millions or more IN 1869; but
how do exports ard imports stand?
In 1868 the footings for the two
movements were S640, 000.0 00, and
in 1869, 1922, 0OO, 000. 1fthese trans
actions had kept pace with the
growth of population, 1868 and
1869 would show 5000, 000, 900 larg-
or In f,otIngs. What is the IN"
stance? A more rigid economy; a
reduction of consumption to the ex-
tent of at least % per cent. on the
part of the great masses. Produce
tion has been less, and whIlethe ex-
porting power has decreased. do
nestle consumption has decreased
also. while we have greater facili-
tres for transportation and greater
productive power Of machinery
In the past ten years exports have
remained about stationary or de-
clined, while our demands for for
eign goods growing out of d in-
creasing population have increased.
The products of our own industries
have not been multiplied, but we
have purchased more of the pro-
dacts of foreign nations, gradually
getting deeper and deeper in debt
for the same, till now we find our
selves bound hand and foot to the
European creditors, who are gradu-
ally depicting us of every gold dol.
lar in the country, and all we can
dig ont of the bowels of the earth.
In the article of manufactured cot
tons, the gold values of expectations
in 1869 were six millions less than
in 1860. In IRON and steel manu-
features, exports have been reduced
from S.. 800, 900 IN 1860, TO $780,
900 in 1869. Manufactures il cop
per and brass have been reduced
from 81, 664, 900 in 1860, to S445,OOO
in 1859. If we look into the ex-
ports of boots and shoes, wooIens,
candles, pot and pearl ashes, books,
hats and caps. tobacco, soap, trunks,
ETC., etc., we find the exports In the
year 1860 to foot up about $780,
600. In 1869, the same list of arti-
cIes were shipped to the extent only
of IS, 600. From 1857 to 1860
our exports of domestic cotton were
increased 70 per cent. If the lnN
crease had gone on at only the rate
of but fifty per cent. they would
have footed in 1869 to over thirty
millions, gold value, instead o.
which they were only S4,406, O0O.-
AL these facts, in the face OF an IN
creasiBg debt abroad, are startling
and show that we are fast and fixed
In the service OF European capital.
lists, who are gradually bleeding nj
to death. These figures show tha'
American industry is restricted
while our increase ofpopulation has
forced us to demand more of The
products of foreign working-men
and We have less of our products Il
give IN exchange in proportion t;
our foreign purch- .ses than ever VIZ
had before. Previous to 1868, The
port of New York sustained no
less than twenty large shipyards
with the collateral trades OF jolIIers
sparmakers, salmakers, &C., of a
Ieass 1000 skilled mechanics, to
gether with some 1000 young men
or more, as apprentices at the var
ious mechanical professions. To
day these shipyards are closed; ST.
lent as graveyards; and where once
men worked by hundreds, now not
q dozen operatives IRE seen. A re-
port of the New York Association
Tor "Improving the Condition ofthe
Poor" lately made, shows that In
December, 1869. over $4,000 men
and women, who were daily depen-
dent upon constant work for SUBJ
sistence, were idle. The report
states that, singh as were the wag-
ss ofthose who had work, the pur-
chasing power was MOI equal to the
cost of living" and the report clos