The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1872-12-12

.lune 81, 1879; and of this vastgtrads only
Sol-S per GEN.. was in American vessels.
La Inc year 1850 nearly II per cent. of
OUT I9relgn commerce was in American
shlps, but in 1864 it had fallen to 46 per
cent In 1863 to A per cent, and. in 1871
to less than SO per cen..s The earnings of
vessels engaged ia the foraigr carrying
trape probably exceeded 100000, 900 a
year, or which less than oEe third is earn
"a under our own flag. The acts of Con-
Sress allowing dra " back On foreign ar
ticiss used In the construction of Ameri-
can vessels has given encouragement to
snsphulding, but | ana of the opinion
'nEt The measure is entirely inadequate.
when we consider that nearly three
loufths of the foreign commerce of tn
country is under foreign flags, it i. plain
MI tn"re can he no considerable orsnee-
av cnange ahlets the Government shall
act at once, and in liberal and compre,
nenslve spirit The rise in the price of
lraa and the advance Of wages of labor ID
england during the past year favor the
government and people of he United
oFa9es' but this advantae educ to National
causes, shouId not lead us to trust the fu.
ture to the force ofthese causes. bat should
lnpnce Us rather to act at once and with
Vlgnr. 1t may lappen that we cannot re-
gam the control of the direct trade be-
wren Europe and the United Stat ss, but
mere Is an immense fisd To De occupied
upon the Pacific OCEAN, and IN the South
Atlantic England cnn,rO,s the markets
~ tue world by cotrolIing the channels Of
communication. III ~....f. .,~..
ID - b. EfA EEy# # D..E #f#
am convinced that q wonderful i'm
petus will be given to the agricultural
ana manufacturing interests of tae coup-
try by the increase of our commercial
marine. Merchants in distant couptrIes
must purchase gods at points with which
hey have fir. quent and regular commune
cation, and when such communication
exists with one country only the cost of
merchandise become unimpprtaa 1T ,astnere
are No means OF comparison, anr is there
Opportunity for the advantages of comp :
t'uan; hence great producing country
Can Alto I'd to establish and maintain lines
of steam ups upon he ocean, rs the-indl-
rect benet's will much exceed the cost.
EXPORTS AND IMPORTS. gea ST
Inc details OF our trade with foreign
eou tries,repres nted by the returns made
to the statistical buteau, are also unsatls-
factory. From these returns 1t appears
hat the imports at merchandise for the
fiscal year ending June Both, 1872. were
1926 595, or, and the exports est mated
In gold were $444,046, o86; showing a Ies :
ance against the counryof $l82548,991;
ms balance IS 10 soLae degree apparent
rather than real. On the 30lh of June,
1871. the value Of goods remaining. in
warehouses wa $f8 324 $50. while ont he
~ h OF June, 1872. it WAS $122 211 266.
showing an excess Mt the close OF the last
fiscal year of $53 886,607. Deducting this
excess, We have a balance based upon he
actual consumption of the country n Si98
662,3S4 From this a further re-
duction should be made OF 500, Sc, $40,
being the excess Of exports ovel the i'm
ports of gold. After these deductions
there still remains an adverse balance of
$62,538,539 This balance has
be- met probably by freight on merchan-
disc carried In American vessels, protits
ON exports made ON account of American
merchants ard shippers, the sale Of bonds
abroad, and the Investments Ia the United
States by inha biiants of other countries.
Inr Exports OF merchandise for the year
1879 ware $13,298 933 less than for the
Year 1871. The expprts Of wheat. wheat
ur, raw cotton, cotton manufactures,
god and silver, firearms, manufactures
of Leather, Illuminating oil and beef fall
of 49,, 066 325 while here was a gain of
$68 767 592 in the exports Of corn, furs,
hlors, SKINS, bacon, hams, lard leaf to
bacco' manufactures of iron, wood, leathe
ana minor articles. There WAS an ln-
crease of exports in every branch of man
fractures, except cotton, leather and fire
arms. The decrease of our exports in
wheat and wheat four was $I2 OOo 600.
raw cotton $37,000,000 manufactured cot
tn $l,25O,0O0, gold and silver
Vii 100000, firearms $12 100000 manu-
fac'u'ers of leather $60O, 600, Illuminating
oils W 5OO,OoO, and be; $4,000 600. -
The statistics Of imports show an in
crease Ct 100000 in coffre, $4,000 900
IN sugar nearly $600O,OO0 in tea,
nearly So 100000 in tin plates, more
than $l7O00,0O0 in raw wool, So
100000 in pig iron, $2O,0OO,O0O in manu-
features of iron, 5000 900 IN manufactures
of cotton, 100000 in the manu-
facture Of silk, and about 1000 900 in
nufacture of vonL The statistics are
not presented as affordlng a basis for
legislation but rather because. they are
exceptional In character and not likely To
be repeated a.s aa se afea
t SILVER AND BASE COIN. aqr2T
The Secretary reports the mint la a
satisfactory condition and says: ag
IN the last ten years the commercial
value OF silver has deprecia ed about three
per cent. as compared with gold, and its
use as currency has been discontinued by
Germany and some other countries The
financial condition of the Unitel States
has prevented the use of silver IS curren-