The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-09-19
CQ1iUNIBElA!I. I,l!I 81 .s;C.
- -. d y r II ~ r x ! 4 ~ = !
Friday Morning, September 10. 1878.
rs tho Nation Pre...rc..s

Friday Morning, September 10. 1873.
Istne Nation Pre.-erc..s
among politicians and social econIo.
mists. wide divergence OF opinion ex-
lists upon this question. It is difficult,
in fact. to arrive at correct and unques-
tionable conclusions as to the increase
or decrease Of the nations substantial
=es..h. f Tho s::aastiiss:.;;os o:,'inpozss =n;.
exports furnish US the only reliable
data upon which to base our calcule-
tions OF the course Of international trade
and BY which we may obtain q general
notion of4our commercial prosperity or
retrosresaiDn. The figures below answer
our leading questions in the affirmative,
a. they show that the balance in our
trade Transactions with the outer world
is largely. in favor Of the United States.
II .e msde comparison Of the In
posts and exports OF the past eight
months of the current year with those
ofths corresponding period Of the .wo
years preceding, We shall find that We
are importing less and exporting more
in other words, thatthe prosperity Of
tho country is advancing. During the
expired eight months of this year, We
have imported $2se. .5o2. 1856; for the
corresponding period of 1872, the i'm
ports were $3.50. OIL $40. and during the
same months of 1871. $343, ,063. .876.
Thus, during the past eight months. the
imports. while they are $2s. 600, 900 in
excess of those Of II, are really $685.
D00. 900 less than those of the first eight
nonths Of flast year. The exports make
even . better showing. They are as
follows: In 1878, s179.527,5s1; Arst
eight months Of 10, s1ss.5s4. 429, and
the like period in 1871. $l45. 245, 5s1.
BY recapitulation. it is seen that our
imports for this year we're less by
$S3, 100000 than those OF last year,
while the exports were s41, ,OOO.O
more, making u total difference in favor
of the United States of S83. 900, 900.
During the eight months past of the
present year the exports OF specie
amounted to $ys, ,304, 1856; for the cor
responding period of 1872, $56, 17s 1886;
and for The like period of 1871, $52, ST.
S6S. The total exports of specie this
year amount to S217, 1892 .567. The i'm
ports, as shown above. were $266. .592,-
1876. The balance against us is nearly
$40, 900. 900. but for the same period
last year. Notwithstanding that we ex-
ported moro than $50. 900, 600 of specie,
it amounted to $94,812, S96. Thus we
have improved upon last year to the ex-
tent OF nearly atty per cent. "a to the
manuer in which these balances are
paid. thelSt. Louis Dispatch says:
.This Is accomplished by our national
secnrities. They are sent to Europe
and are readily taken in exchange for
merchandise. The United States is
found to be an excellent market for the
enormous quantities of goods manufao-
tured in Great Britain and France,
and payment is Indirectly made in bonds.
It may be asked If the balance of trade
will always be- against usr Can we from
year to year continue to pay our debts
in the manner mentioned? Many things
conspire; to make US debtor nation,
and the same causes will probably keep
us in that nnenviable condition for some
time. It is not SO with either England
or France. It is not always an incon-
venience to he III debt; much depends
on the use made OF borrowed money.
That which We obtain from abroad, in
whatever shape 1t may come, is largely
used to construct our railroads and
Other public works. Thus is the wealth
of the nation Hinoreased.< Before we can
become sas creditor instead of debtor
counety,s gold must reach q par yaiue.
although. that alone will not bring about
the desired result"
FRANCE AFTER THE GERMANS DEPART
URE.-Now that the iron heel is removed
from the breast OF France. the opposing