The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-03-22
nrNXING AWAY PROM ENGLAND.

UhuheTi blh lV leea lLi puEkuill Nuu luhplp7h-
Ing 10 every merchant in the United
States, as II has 80 direct a bearing upon
exchange between England and America.
England Is now passing through nn OK
pericnCe that Is quite exceptional in her
history and her statesmen, public men
aud citizens generally have to deal with
questions that underlle her Tery existence
rs great and powerful nation. | give
you the following figures from official
sources; ......
ImpOrts Into England lrOm the United
States, for the year 1911 .." ... .... Eli so VIZ
Exports from England to the uniuSl States
for the EaHIo period. iBsI5,sg1
lmpoits nto England from the unilr,l
States Tot the year 1871, 5000 900
Exports irunI Eng md 10 the United States,
for the same period. iifooOoo
twill be seen from these figures, that
We sold England in 1877 four times as
much as she sold us, and that iii 1873 We
sold her six times MS much rs she sold Us.
This enormous balance Of trade against
England, amounts, for the two years, 10
$3.50 100000. This balance has been adj
iusted By the United States taking back
government and other bonds, and thus
lfOuldating abroad this amount OF foreign
Indebtedness, otherwise England would
have had to have paid every pound stCr-
| ling In gold. But this adjustment Of trade
balance, through the medium OF bonds,
has now been about exhausted. Very few
bondsremain here, and the bulk Of them
are held for permanent investment. Under
these circumstances the United States
must not only retain all her coin, aud the
annual output Of all her mines, but she
must draw coin largely from this side.
The articles imported from the United
States into England are such that she can.
not dispense with-foOd supplies, cotton
and other essentials upon which her very
life is based. How, in future, she is to
pay for them is among the problems to 6e
solved. Last year the balance against her
was $50, 900. Her whole known ac-
cumulation Of gold amounts to 1850, 0OO,-
900.
Two years would exhaust this amount,
unless she can either diminish her purcha.
SEES from us or increase her sales to us. She
can do neither; we buy Of her less every
year By $1,000, 900 to $4,000, 900, and sell
hor every year from Sc, 0O0, 900 to 0,000,-
900 more. These figures are official, and
Of course trade balances always regulate
in the end the respective amounts OF coin
each country Is able to hold. Gold In
former years Centered in England because
all nations were indebted 10 her. This
condition Of things has been reversed The
total trade balances against England in
1877 was El42,000,OO0, or S7lO,OOO, 600.
Her statesmen and her people went wild
Ovor the abstract principle Of free trade
All the leading commercial nations have
flooded the markets with every cOnceiva
BILE article her people require, cheaper
than she can either manufacture or pro
duce them. The consequence is hundred.
OF thousands OF her population are out oil
employ, and she has fallen from the great,
est commercial power in the world to q
position where her very existence l.
: threatened. II she does not change hel
whole internal policy, and 90 back
to protection. aud reorganize her gov
eminent, and make all her colonia
possessions q part and parcel OF her en-,
: pire, and all her laws us fully operative in
Australia and Canada rs they are here
she will never regain her lost trade. TheS
will be so long in doing this TINT in tho
meantime part OF her coin must 60 10 the
United States. None Of England's states
men have the courage 10 utter single
word against free trade, so strangely j!
this craze still fixed in the minds Of III,
people.
The United States Is uo,longer debtor
nation; VIC have entered upon a now
phase Of national life, phase which vii
CGntralizc capital aud coin in our country
and during the next few years We vii
become the financial centre That England
has been heretofore. Capital aud wealth
always follow commerce. and We
have the commerce. IncXhausliblC
supplies OF cheap food, cotton, iron, coal
. gold, silver, aud all raw materials, and
fifty millions Of industrious, intelligent
people unhamperod by kings, emperor:
and an aristocracy, and unexhausted by
standing armies. The brcad.earning pow,
or is the power in modern civilization
and the United States pre.eminontlv com.
mands this advantage.
The labor Of the United States at the
present time is more judciously and wise
; ly distributed than at any former period ir
our history. There is much larger por
ton Of it employed in producing and les.
in speculation ard premature undertake
ings; hence, our exports haze risen ran
idly and our imports rs rapidly dimin,
ifhGd. We have learned how 10 supply
our own wants, The United States on thC
day oil suspension OF specie payments and
tho United States on the day OF resumn
| ton was no longer the Same country, rs
far a. its financial and commercial condi
ton was concerned. The construction Of
the Union Pacific Railroad, the opening
~ Of rich gold and silver mines, an ex,
tended and vast agricultural system and
the cultivation Of immense areas OF lunJ
by machinery, aud the rapid extension Of
manufactures Of all kinds, changed The
whole condition OF orr country.
The expenses OF the English govern,
ment have increased since 1854 from esq
$4,000 to eSl, 600 in 1878, and a6out
100000 900 have been added to her enor.
nous national debt IN the same period.
The unity Of the British empire mus
soon become measure which England
will feel compelled to deal with. The dis
turbed conditions in Victoria and the dead
lock between the legislative council AMI
the legislative assembly, and the appeS
for assistance TO the imperial parliainen,
through Especial embassy, is only one In
stance Of the many difficulties that exisl
and will continue 10 arise in the English
colonial system as now organiled Victo
ria Inns also passed tariff levying q duty
on all articles imported from England
: Tho United States is supplying Victoria
: and the other provinces in Australia with
large quantities OF hardware, agricultural
implements and locomotives, and is taking
tins trade out OF the lnnds OF England
RNd her own colonies. An official repoT,
: by Frederick Britain, of Sheffield, un,lc,
the title OF British Trade and Foreign
; Competition rccites, among other mos
; valuable and impressive statistics, that t6E
United Stat0s is shipping to Australia liz
dozen american saws where Sheffield now
: Ships single saw. mpntinn those f,o,,