The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1878-03-12


IMPORTS.
Mise. .sso,5lO.ITs sll,5si,Iso sl.osOssi
spsce....... i,s9l,415 li,s5I,soj lO,l5L9sl
Total. .ssl, l.4,5ss sn,lss.iai sil.si3, SIS
EXPORTS.
Goois.......s-o,is5s go si2s97ss, s1,I4toTs
speeie....... i,sl',1a s,l'ssn L4S'ils
TO,ai......sIlii9,iil s's,sal,a5I sllla,lss
The goods Imports show a decline.
not only as compared With 1876 but as
compared with the several months pre-
ceding they are, indeed. considerably
the lightest OF the whole year goods
exports, on the contrary. although fall
ipg behind the unprecedented figures
u the last previous December. show
large increase over the Fall months,
aud are the largest OF the year.
The goods imports and exports arc
about $40, 900 aud $5l 800. 0)1 re-
speclivrly PER month, against 93j, ,600.-
900 aud Sls, 900, 900 in 1876. The in
crease in goods imports is nearly
louble that Of the exports for the en-
tire wear 10 Quantity, and is in percent
age about u to 6.
The specie movement also continues
20 be remarkable, as is shown by the
following statement for hree years
Imports. ..,,sss,, a'si .e!;.. l',' .l'5 li5i 80
exports -. is'siTiM SIS t'sT5 is'sas,5'
Net Expts ss,s4o.0ls sil,ssl,ln ;ie,8.;,5 sos
Taking the net export for 1875 as
about an average one, the last two
years have made an apparent increase
II $50, 800, 900 in the stock of the pre-
sious metals within the country. The
trade balance in favor OF this conntry.
while over 500, 900, 900 below the un-
precedented figure of 1876, is still very
Iarge. II is accounted for in part by
the unknown. but large, Interests paw
neuts made abroad perhaps go, ,000,-
900 To- $50, 900, 900, and the remaining
portion is largely covered by the re-
turn OF bonds. This return, of course,
represents cancellation OF indebted
aess in respect IN its being held bv
Europe, and so far we have the lees
Immediately ito do with abroad :" but
here are several practical objections to
The process, namely: 1t IL e1pedent
now, as il was formerly, To use foreign
capital here. aud pay interest on II, If
business and material development ure
20 continue the bonds returned come
n lieu of an equal amount OF gold and
'hus lessen the accuu ulaiion which Is
leedful for resumption next January
nd the return is itself n plain sign OF
IN Impairment ~ confidence abroad ~
he credit and financial policy Of this
cOuntry.
During the last three months, il is
stimated bv competent judges. S50,-
10000 20 800. 900, 900 Of bonds have
some back. aud thus movement ~ large
" responsive to tho silver agitation.
With gold at nominal premium.
uoney far too "easv." q Treasury coin
balance very largely Increased and
EASILY admitting considerable further
Increase, the painful costs OF resump.
ion already paid, and resumption aud
solid prosperity distant only step,
he silver lunatics are doing their best
md worst to shove the country ont
igain into the sea oi speculative
innuee. Nothing would so quickly
ln, al end TO the silver crusade be
,anse it's sole aim is for a Deprecated
and dishonest dollar as tt present nn.
questionable proof that renonetizltion
s I'D "instanily aud uuquestionably'
ont silver back where it once was and
Keep Il there. No such proof Is pnssi.
-is, and no such result viii follow.
The Bland reconciliation OF gold, and
ve shall reproduce all the mi.eries
.Lich Cow from fuctuating legal ten
Ter. while failing 20 secnre even one 81
he questionable advantages promised
" tho silver men. For throwing away
he substance, We shall not even secur,
he shadow.