The Red Cloud chief., 1879-10-02

c,-Sf,vV 5,-iip"N
The expectation Of cotton in 1877 was re-
markedly light, and does moi present a fair
view of the amount Of that product sent To
England. In 1873 the exports amounted to
$I23, 554 900.
The articles enumerated constitute the
most important articles of export from this
country to the United Kingdom, but they do
not necessarily present the most interesting
data for the study Of the growth Of our COM
mcrce. Tn value of petroleum exported
(thc two years mentioned above are always
there referred to- has grown from S1,1l.-
600 To SS.GH CO.,; of flour, from S2,a55 900
TO $500. 900: of fresh beef, from nothing
To $3.50, 900; of preserved meat, from
SIS, 600 10 S3,S64. 600: Of refined sugar,
from nothing to S2.5S5 600; of fish, from
S625, 900 TO S2.4@9,GO; Of barley, from
Sal NM 10 I,:a6. 600: of live animals,
from nothing 10 5 .46S 200.
The followin" is a table of imports from
the United Kingdom corresponding 10 the
above table of exports:
1872. 1877.
Iron, manufactured and
unmanufacturcd .......- S5,gi6,nO Sl3,nlf,WD
Cotton manufacturers. 2i,hS9,US ll,s.S.0I
Linen manufacturcs.-.--. Is, $4,000 IL ,J2, 600
Wooden manufactures. S3,45S,Un s,S.s',OOO
Hardware and cutlery. 100000 l,510,OOO
All these articles were imported here in
smaller quantities last year than in 1877.
Our Consul-General at London attributes
this gloomy state of things for England TO
the fact that American manufactures have
improved by reason Of our protective tariff.
But he gives the true reason for the COM
mercial distress Of the mother country when
he saws:
The great decline I'm manufacturing pros
perity il undoubtedly also attributable to the
fact TINT the United States have recovered
which threw into British hands, to a great eN-
tent, the work which should have been done
at home. The people here, not pcrceiNing
that this was a temporary circumstance, sup
posed they had got IA start which could never
he made up, built mills and invested largely
In the manufacturing interest, believing them.
selves to to have secured, as well as obtained,
the monopoly of the world. When America
revived, and, under the protective system, re-
covered from the effects of the War; when
Americans used their own great resources for
their own benefit, made their own wares in
stead of purchasing them. this great outlay
became in "a great degree useless, and the re-
action began. some of the present depression
VIII doubtless be only temporary, but il is
very generally acknowledged by manufacture
ers themselves, rs well as by careful writers
and thinkers, that foreign competition has en-
permanently affected the prospect of British
manufacturers
In this paragraph he agrees substantially
with Prof. Bonamy Price in his article in a
recent number of the North american Re
rieur.
What Mr.. Eyarts calls a ..seeminc trade
contradiction" consists in the fact that while
we have been selling the United Kingdom
goods in excess of what we have bought. we
have At the same time been exporting gold
and silver coin and bullion i'm a much larger
amount than We have imported it. The
same is true of our entire foreign trade.
The showing Of the report that is greatly 10
our discredit is in respect Ia our tonnage.
The freight earnings Of most of the vast
carrying trade between America and England
goes into English pockets. No,wi,hsIand-
Ing that We sell England more than any 9TH
er country. the tonnage of the United states
stands eighth in the list of coun-
tries clearing vessels at the ports of Great
Britain. The following table speaks for
itself: