The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1874-02-14

Kingdom. A.. :.
1t is true that Englshmen believe this is
the only way for any country to grow rlcl' 10
ret $500, 100000 worth more each year IMAM
they give But our people, and particularly
our statesmen have not yet learned so simple
lesson as this in political economy.
Let us glance at the progress which Eng
land has made in this course OF trading under
"Frce Trade" facilities. Taking the exports
and imports of the United Kingdom from the
wear 1865 by periods, the development of
that country's trade and commerce will be
best seen:
1g5-Impors into United Kingdom ......... 2D
y" Exports from the United iingdom...... 5Si'16,1n
Balance of trade 'against" England ...,. s3i,2oI'5o
SG0-mports into United Kingdom 81 052 so 965
Exports from the United Kingdom ...... S~S'oOo''o'
Balance OF trade against England ..... *?So.OIGi0
ls5Imports into United Kingdom ......t 1855 SOL i?5
Exports from the United Kingdom ..... l,ei,l5S'O
Balance OF trade "agsinst" England .... sGl,7O35i5
1870 Imports into United Kingdom ;,...,s 5g2S465
Exports from the United kngdom.''...' l<!U''U!'So
Balance of trade "against" England s?s5,ssi5sO
S72-mports into United Kingdom g. 1346sl2O
Exports from the Uniteo Kingdom ..,. lo'2's4'l'O
Balance of trade against" England, s2Oo523,95O
Now, if the theory about 1.-THE balance Of
trade" which goes down with the mass of
the American public, were true, England
must be running into ruin and poverty and
national bankruptcy. But exactly the reverse
is true; she is daily, aye, hourly, growing
richer; not knowing where to find channels
for ordinarily safe employment of her sur
plus accumulations, even at four per cent.
interest.
The trading of the United Kingdom with
the United States shows just the same results
as those already quoted. Here are the exact
figures
Kingdom sl2s,5OS.,GO
Kingdom O,3i3Ol5
Balance of trade against" England. ..... $685.
Kingdom sSs,S9j,i5
Kingdom l4s9siC5
Balance of trade against England .... sOso966O5
Kingdom s,Osi2OS!5
Kingdom 1?js5398j
Balance OF trade against United States, sl5a3,8lO
Kingdom. s2i9G?3 ~
Kingdom. ACKNOWLEDGEMENTS. .. 1850 AS
Balance OF trade against" England. $o2i929Ge
Kingdom. 80. s95se7l0
Kingdom. sa539s9O
Balance of trade against England GOO. si3,779,75O
| 1t will thus be seen that with rapidly in
Icrcasing trade between the United States and
| the United Kingdom 1.-The balance of trade"
has always been "in favor" of the United
States except in the one year 1865, and then
only ST, 7333lO against" us. The United
! Kingdom is always taking more in produce,
| in raw material, from the United States than
| we are taking in manufactured articles from
the United Kingdom. We long suspected
that this was really the case. The wcll-prc
pared statistics in the FTRdpcim Reform A.
maaac place it beyond doubt.
But, instead of this being Il balance OF
trade" TO be set down as against England
It, on the contrary, becomes Engand'S gain
She obtains from us more value in corn
wheat, cotton, timber, &c, or raw material
} irhtR Udiued ut EHgltSk ports, than she sends
us Of manufactured articles, valued also at
the ports of England, Ireland and Scotland
OF course, the raw material was of Il lower
value in our ports and the manufactured
goods of II higher value here, hence the dii,
ference in the amounts and The cause of all
this so called "balanCc of trade balance
which is lust that amount OF gain to tho
country which has il always against" her
j. If tins were not 50 il would be much bette
# for England To have no trade and commerce
!, she is always with this balance of trade
g, strongly against her in every case Wher
she is a large trader Even with her owl
possessions in the East Indies. she is AWAY
importing more from India into Fnglan,
than she exports from England 10 India. Tn
e POSSESSION of India would be rulnous 4
oi Great Britain il this balance ot trade" thee
I'd ry were correct But it is not
Iyi Even adding The gold and silver to the iu
il ports and exports of the United Kingdom
then the results will be Is follows.
lSi0-ImpOrts into ritcd Kingdom, Goods t'-i.si
;" Imports INTO In'cd Kingdom, gold, Gcj lg,slss
J. Total imports ..... sLsiieS,r
< lS,U-E,ports from United Kingdom goods tl,,squ,
a Exports nom United Kingdom, gold. ~. 'n!,5,
Total exports. ......... 81. yUls
This would leave the "balaucc of trade" ,
- merchandise bullion and specie last wear
10 be- against the United Kingdom hy &2l
ii 81 1870. Was this loss 10 England in h
ltradingg Not 50. Was itnot Just that mu,
nj direct gain in her imports over her export
he Most assuredlv. She did not pay The "b.
X ancc" in gold We have given ali her go
10 transactions FOR the year, and The "baunc
lu in gold as in merchandise, i IN iavor ct d
Y imports of il into England. Ia word I'm
than She gave of manufactured goods al
" gold, and the difference between them
IT, S2il 81, 100. of balance of trade was ii
/. amount to England gain on her trading, T..
~, balance" standing against" her.
:" What Free Trade" has done for the Unit
TX Kingdom will readily be seen from the
rs lowing facts: In 1910 the United kingd,
he exported $55O,6i3 $50, of which $3.50, 543, Z
II" was in British produce, being nearly :
worth per head OF the then population of
three kingdoms. The imports for the sal
ls year were $3l0,020OO0, or nearly Sl2 woI
AT per head of the population. Tho masses
the United Kingdom then were stepped
l,o poverty anu wrctchedncss. Employment coU
~, hardly he had at any wages. The Repeal
the Corn laws" came. and afterwards I
sweeping away of tax after tax that burth'
or ed commerce and trade In 1850 The Unit
Kingdom exported merchandise valued
- $685., sos sjj; Of which 500, $50, 49, was