Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1874-01-07
Our Imports and Exports =,
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The Pitkburgli Ifspdtd bag 4pe 3
piled the following in refcrence'to't tiny
Imports and exports oil this country.
Tho commcrGc Of Lie uaiied States
is chiefly with EoSand, abont one-'
third ofoar importsco coming from there
aud one half the exports going there
The imports from England during tho
past year were 222 millions, aud the
exports oyer 323 millions Our next
largest Importation was M millions,
from Cuba, whilst VIC sent that Island
but ID millions. The trado with Gcrs'
many was almost balanced, tho i'm.
ports being about Gil millions, and
the exports Ga millions.
An almost similar result, though
with less volume, is shown in tho
French trade, goods valued at 81 mil
lions having gone 10 France, whilst
1884 millions were imported thence.--
From Brazil we received $50 millions,
whilst wo sent that country but seven
millions. China sent US nearly 26t
millions, and took but two millions
With Ireland an opposite state Of
trade is shown, that island having
sent US but half a million, whilst VIC
sent there 81 millions. The Canadian
trade was one Of considerable value,
and showed a balance against US, we
having imported 4 millions from the
British provinces, and semi them "a
millions. Mexico sent us 16l millions,
and took four millions Belgium sent
us six millions, and took oyer fifteen
millions whilst our trade with tho
Netherlands was three millions i'm
ports, and eleven millions EXPORTS
With Spain our trade was five miiliops
imports, and ten million exports
Scotia sent us II millions, and took
l3 millions, whilst from the British
East Indies we imported nearly II
millions, and sent them scarcely any
thing. The Russian trade was two
millions imports, and Twelve millions
exports. These factsand figures will
be OF interest 10 those who,have been
endcavoiing TO grapple with the com
prehension Of tho Balance of Trade.
The above, although much better
than tho showing Of fbrmer years,
leaves us an importer TO the extent OF
seven or eight millions more Than our
exports, hence the balance Of trade is
still against us. 1t is altogether likely
that the financial panic which struck
this country early in the fall season,
land caused great quantity 0f i'm
ported goode foreman uncallcd for in
the custom houses, many OF which
were returned TO the countries whcnce
they, Came, hasnsd much TO do with
the reduction Of our importations.--
Recently the ". Y. Herald published
statement showing that the sales Of
fine goods, this season: in that city,
would not reach more than one.tlird
the amount Of former years. This
being the case, importers could not
lit the goods sent them, and neces-
sarly thoy were returned, which was
. good thing for the country. The
fuct is, We do not need them, and the
whole people would be better off with
OUT them. '1 afi gif rt
There will bo an end Of financial
and commercial panics in this country
just SO soon as our people are content
10 live within their means, /. e., to buy
no moro than they sell--to import no
MORO than they have exports 10 pay
for No man can expcnd moro than
his income without bankrupling him
self and cndangering those who have
dealings with him; and what is true
of individcas must be true Of nations.
From one nation we may buy much
more than We sell in return, bat to
another We may ellmuch moro than
we'buy, in this way caualizc oar trade.
We may have gold and silver smines,
from which an untold amount Of
wealth may be obtained, but SO. long
as we pay ont 10 others ali We get
from these mines yearly, we arc none
the better OF them A man may have
a good farm, yielding heavy crops
every year, but should he cxpend the
proceeds thereof for fancy goods, etc,
for his family, muehof which he could
do without, he viii be no better of In
the end than the man who owns a
poor farm on which he can raise no
more than will furnish the neeessaries
OF life-neither Of them have anything
over. Ai if iii fa2 TT
Ourimportations have been heavy
ever since tho close of tho war, and
may partially be accounted for by the
desire of foreign capitalists to get our
bonds. Our merchants have found
that they could buy goods TO better
advantage with bonds than cash, for
the simple reason that capitalists could
get no more than two or lbreo per
cent. for money Mt home, while the
bonds yield them six to seven per
cent. il gold. For this reason the
trade-goods on one side aud bonds
on the other.-- was desirable TO both
parties, but whom the interest falls
due, the money to pay it mnst follow
the bonds; and when the bonds fall
due, the money must 80 TO lift them Z
unless we can turn the balance q
trado in oar favor ere that timc.-
-huSh tu"t wv haNo fScViNSu III Ictutl
for tue bonds-such as silks, lace,
cloths, etc.--has been consumed, with
out adding either to tie wealth of this
country or the comfort of its people
If the present panic shall ihdnceItho
looping of of needless importations,
the balance Of trade will begin our
favor and our future business pros
perity and wealth secured.
q a Bio Foor. Bruce will call
him--not long since kept u general
store in the northern part of the
State. a tall countryman stalkcd
into his establishment ono day, with
his feet encased In amoccasins and
planting ono OF thcm on bcrrel asked
ID A.. IA ~