Lexington weekly intelligencer., 1881-08-13
Our Agents.
of the following will be recog.
UNITED STATES COMMERCE..

liminary statement of the commerce
of the United States for the last
financial year. The statement SHOWS
that the total value of merchandise
exports was $902 219,47S. Of which
$l8, ,451 1868 worth was foreign mer-
chandise. The value of the imports
was $642, 2,593,2l9. The excess of ex.
ports over Imports was $259, ,726, ,254.
The corresponding figures tor the
previous year are: Exports, $780,
63s, ,65s imports, 1857 .954, ,746; excess
Of exports. $l67 ,6S3, ,912. These figures
show smaller imports last year than
the year before, and large Increase
of exports, the excess of exports hav-
ing been $92, ,042, ,S42 greater than the
previous year.
The exports of gold for the year
were only 1851 ,672, while the inn
ports were Sl0O, ,024. 400 excess of inn
ports, $97, ,452, ,737. On the other hand.
1h6 exP6ft5 s6f silver $16,6 1885,
IT'S ;,imports. 1861 ,088; excess Of
expof4ss $6, ,2sA.QS7. For the previous,
year. tile &6tu. expogts were $3,6 ,639. :
025 ;. imports, 80, 0,712s s296 ~excess of
imports, 7,l1g 37l. Tue bilvefsex-
ports were 81, so, 1894 !; Imports, e12,-
25, ,9l41 .exports, S.. .227, $3.50.
H4caz1k aneeaee thats0uEs Nety im-
poi bfs1ke I've yeGrs we're
.41az, 80 h<|S tne;H8 exports of
s,l4esssessasozy y612, ,06z.-@A sinarer con-,
elusive proof that our currency is OH
the gold basis than thase facts afford
can not be~ima&aued. II onrSsystem
hsd beem on sthe silver basis, the
specfoS 0alAnee due US ,Wouldk have
bes0sraid In silver. ltwss mot so
paid. In point Of fact, while the gold
.bSlatoe usariy $i75, 100000 in
our favor, the silver balance was
more than 81, 800, 900 against US.
II The s,t,3 total nesudlae COIN y
ia value. TO 1921 ,726, 800; imports,
4753, ,168;; 7t6; excess Of exports,
$168, ,557 .604. This was the amount
apparently due us at the end of the
year, against $91, ,792, ,521 apparently
due5Rqza1e Ne.,eud ofsthe previous
yes q(t 3S much y as really due
81 81 81 3 sssIi.ss 81 sstsn%'as shss =
large part, if not all, that was due us
) was paid in securities aud in ocean
transportation, but just how much
was SO paid can not be ascertaiued.
The presumption is that most, it not
: all, ,sWas paid In this way, because it
isn0t customary In foreign trade to
lekve34rEe Unsettled balances stand
ing oyer for long periods of time.
This. however: is only presump-
tionts tits spossibles that foreign ma
tions are really Indebted to US to the
full extent of the apparent balance in
our favor, though it is not at all pro-
bable: - s's -sze@
Mr.. Nimmo gives a.table showing
the value Of merchandise exports and
imports for the financial years 1860 to
1881, both years inclusive. The ex-
ports were least in 1864. when their
value was only $15s, 1887 1888. They
were greatest lass yesr. when sthey
From 1864 to:1e76 The increase n as
pretty constaht 7In the latter year
there was q. decrease to $513, ,442,71
from 1886, ,28S, ,040 the previous year.
Since 1875, each year has witnessed q
considerable incre sse in our mer-
chandise exports. The gam last year
over the previous one was $66, $50,
S15, or 7.S9 per cent. Our imports
exceeded OuEaakports from 1860 10
1876. except II 1852 and 1874, when
there was moderate excess of ex.
ports. From and including 1876 to
the present time the exports have
largely exceeded the IMPORTS the ex-
cess having reached the maximum oi
1854 661 ,666 in 1879. The total excess
duringF the .sixsyesrs from June 80
1875, was 81 ,180.681, GAL. Our imports
wer0lSass in 1852, when. their value
wAs.1ble9 &6, 677, and greatest in 1880.
WHEEL -fheie@sEalua. was 1861 1854, TAG
Last yearsthey were almost exactly
the same as in 1878, the difference be.
ing less than half u million dollars IN
favor of last year..
The specie aud bullion table shows
an excess. Ofzexportsz zfrem 1860 Ia
1879, both years Inclusive, except in
1861, when che imports exceeded the
exports by $16.548, ,5Sl. The largest
excess of exports was 1872, ,280, ,929 il
1854. The excess -of exportsin nine.
teen of the twenty-five years was, III
round numbers, 1915, 900, 600, and the
excess of imports IN the other three
years was S1s3, ,6O0. 900. The net ex.
po1ts therefore, forsthe whole period
Waf 1965,zO0 900. sWe.couJd not have
supplied the world with so large al
amount of gold aud silver but for tht
extensive use we have made of paper
substitutes for money.