Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1881-12-13
4 sr,,,,sns National, E.n's,s.

4 Drinlaans National Exhibit.
The annual report of the Chief OF
the Bureau Of Statistics on the for.
oian commerce of the United
States for the past year shows o
wonderful story of growth, and in
the right direction. While the
total value Of both imports and ex.
ports amounted to $1,675,024, S1s,
The excess In the value of our ex-
ports over imports was $259,712,-
us. In addition to the nearly
eighty millions of dollars in gold
and silver dug from our mines last
year, foreign nations paid US $9l,-
16S, $3.50 in specie, making our
net gain close upon two
hundred millions. OF course the
remaining $les.0OO,0OO in our
favor was paid in some shape,
most probably in bonds of the
United States, which are now
owned by our own people, and we
shall be yearly enriched, hereafter,
by the interest, payable in gold,
which will be retained in this
country as the income from these
bonds.
In view of these astonishing to-
tAls-and we might multiply de-
tails indefinitely-there is n daz-
sling future ahead for the United
States II We can only maintain the
present satisfactory condition
Of our international finan-
cial and commercial rela.
tlons. While, in the amount of
specie possessed by this country,
We are yet greatly below France,
we are nevertheless rapidly over.
taking England, whose immense
wealth consists largely Of mort
cages held in nearly every country
under the sun. In every condition
Of natural wealth we are incon.
ceivably ahead OF France and Eng
land put together, and in artificial
wealth we shall soon outstrip them
both, although their accumulations
represents the slow growt tn of cen.
turtles and the spoliation OF nearly
every country under the canopy Of
heaven. When it is borne in mind
that four or five Frances and Eng
lands combined could be carved
ont of the State of Texas alone,
and that the most enterprising and
ingenious people that have existed
since the Athenians OF old ara in
tent upon accomplishing every
thing In the way of development
possible in this Union of States,
the Imagination is aghast at what
will be achieved before the close of
the current century. Americans
who are somewhat given to the
Gaecon trick Of braggadocia, do not
realize In Its full force the tremen.
dous extent Of the country in
which they live. We, for instance,
seldom stop to think that the ad-
Joining county of San Be rnardino
only lacks three million acres of
being as big as the Kingdom Of
Ireland, or that the State of Call.
fornia would make two or three of
the largest Kingdoms of Central
Europe.
On the superstition that the bal
anee of trade between the United
States and the rest of the. world
last year s2S9, 712, 7lS-shall, for the
coming ten years, be only
half that sum, this country at
the end Of the next decade
will have more coin than any
three Of the richest nations of the
world put together. What be.
tween the specie pouring out of our
mines and that flowing in from
abroad, there will be no limit to
our aeoumulations. But to put the
balance of trade In our favor for
the next decade at only $130,009,-
900 is mild presentment of the
subject. 1t is quite likely to be
more than double that sum very
often.
Certainly, with the spectacle of
half the nations of the world una
BILE to meet their current expenses,
the ofacial statement that the rev.
enue for the next fiscal year will
exceed the expenses by $13S. o00, 900
Il most exhilarating from the
standpoint Of just national pride,
however vicious such system
may be In itself. Waving all
questions as to the proper econo.
mic policy to be pursued in our
Internal affairs, the fact that the
United States, after unexampled
expenditures. can come up so buoy
antIy to the situation is most en-
one. Even the Mr.. JEFF
ferson Brick of Dickens's fertile
fancy could scarcely command by
enough to do justice to the
rossate reality.
II has been the fashion to speak
- sighting terms Of the fimsy