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A large proportion of the exportable produce of Canada is obliged to seek a market in the United States. It pays a duty of twenty per cent on the frontier. How long can such a state of things endure?" In October, 1849, the leading men of Montreal issued a manifesto demanding annexation to the United States.
The Portuguese found in India, and the other parts of the East, a race of people acquainted with commerce, and accustomed to it; fully aware of those natural productions of their country which were in demand, and who had long been in the habit of increasing the exportable commodities by various kinds of manufactures.
Those farmers who raise their living on their land are not greatly in distress. Such loans as are wisely needed to assist buying stock and other materials to start in this direction should be financed through a Government agency as a temporary and emergency expedient. The remaining difficulty is the disposition of exportable wheat.
The prosperity of Europe was based on the facts that, owing to the large exportable surplus of foodstuffs in America, she was able to purchase food at a cheap rate measured in terms of the labor required to produce her own exports, and that, as a result of her previous investments of capital, she was entitled to a substantial amount annually without any payment in return at all.
Its authority should be advisory only, but should extend over the distribution of the coal supplies of Germany, Poland, and the constituent parts of the former Austro-Hungarian Empire, and of the exportable surplus of the United Kingdom.
Property in most of the Canadian towns, and more especially in the capital, has fallen fifty per cent. in value within the last three years. Three-fourths of the commercial men are bankrupt, owing to Free-trade; a large proportion of the exportable produce of Canada is obliged to seek a market in the States. It pays a duty of twenty per cent. on the frontier.
"Property," wrote Elgin to Grey in 1849, "in most of the Canadian towns, and more especially in the Capital, has fallen 50 per cent. in value within the last three years. Three-fourths of the commercial men are bankrupt. Owing to free trade a large proportion of the exportable produce of Canada is obliged to seek a market in the States. It pays a duty of 20 per cent. on the frontier.
Traxt Cam as a Free Trader had bid for the right to exploit Sargol when its sole exportable product was deemed to be perfume a small, unimportant trade as far as the Companies were concerned. And then the Koros stones had been found and the importance of Sargol must have boomed as far as the big boys could see.
M'Arthur for the possession of an exportable commodity which has contributed very materially to its present wealth and importance. Such general attention is now paid to this interesting branch of rural economy, that the importation of wool into England from our Australian colonies, amounted, in 1832, to 10,633 bales, or 2,500,000 lbs.
The Company offered annual premiums to encourage the building of farm-houses, stock-rearing, and growing provisions and exportable produce. Under Dr. Afzelius, afterwards Professor at Upsal, who first studied the natural history of the peninsula, they established an experimental garden and model farm.
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