Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1878-12-21
THE NATIONS COMMERCE.
President Hays F~urnishesthe Senate With
Information Asked For.

Hays Furnishes the Senate With
Information Asked For.
Washington, Dec. l9.-President Hayes,
answering the request of the senate to trans
fer any information which may have been re-
ceived by departments concerning postal and
commercial intercourse between the United
States and South American countries, to4eth-
er with any recommendations, submits re.
ports of the secretary of state and postmast-
er general, and says: The external com.
merce Of tire United States has for many
years been the subject Of solicitude because
Of the outward drain of precious metals it
has caused for fully twenty years. Pre-
vious to 1877 the shipment of gold was con
slant and beavy-so heavy during the entire
period of the suspensions OF payment as 10
preclude the hope Of resumption safely du.
ring its continuance. Iu 1876, however, Wig
orous efforts we're made by enterprisine cit.
liens OF the country aud have continued TO
extend our general commerce with foreign
lands especially 10 manufactured articles,
and these efforts have been attended with
very marked success. The importation OF
manufaciured goods was at the same time
reduced in 40 equal degree and the result
has been the extraordinary reversal of the
conditions 80 long prevailing and the com
plete cessation Of the outward drain of gold.
The official statement Of values represented
10 foreign commerce will show The unpre-
cedented magnitude TO which the move
ment has attained and the protection thus &C.
cured to public interests at q time when com.
mercial security has become indispensable.
The agencies through which this change has
been effected must be maintained and
strengthened If the future is to be made &C.
cure. A return to excessive imports or to 4
material decline in the export trade would
render possible a return 10 the condition Of
adverse balances, with the inevitable out
ward drain Of gold an . necessary eonse-
quence. Every element of aid to the intro.
duction of the products of our soil and man.
ufactures into new markets should be made
available. At present such is the favor in
which many Of the products Of the United
States are held that they obtain q semuuer.
tive distribution, Notwithstanding the posi-.
tive differences Of the cost, resulting from
our defective shipping and the imperfection
of our arrangements in every respect il
comparison with those Of our competitor
for conducting trade With foreign markets
If We have equal commercial facilities, W
need not fe.r competition anywhere. The
laws have now directed the resumption Of
financial equality with other nations and
have ordered the return to . basis Of coir
values. 1t is Of the greatest importancet ha,
the commercial condition NOW ~fortunatel,
attained shall be made permanent, and tina
our rapidly increasing export trade shal
not be allowed TO cutter for the want of or
binary means Of communication with othe
countries. The accompanying reports con
tain valuable aud instructive summary Q
information with respect to our commerce.
Interests IN South America, where an invi
ting field for the enterprise Of our people i
presented. They are transmitted with tn
assurance that any measures that may b
enacted for the furtherance Of these import
ant interests will meet with my cordial u
proval. sa
(Sipued) X. B. HAYES.