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The total value of the exports from the United States to foreign countries during the fiscal year is stated and compared with the preceding year as follows: The value of some of our leading exports during the last fiscal year, as compared with the value of the same for the year immediately preceding, is here given, and furnishes information both interesting and suggestive: Our imports during the last fiscal year, as compared with the previous year, were as follows: In my last annual message to the Congress attention was directed to the fact that the revenues of the Government exceeded its actual needs, and it was suggested that legislative action should be taken to relieve the people from the unnecessary burden of taxation thus made apparent.
It is not because that town is now one of the principal ribbon-factories of the world, and exports to this country alone over $1,200,000 worth yearly; although some fair readers may suppose that an all-sufficient reason, and some of their admirers and protectors, too, for that matter.
It is now, with six times the population, only $64,000,000; and in the same period, the imports of the country have increased from a value of $52,000,000 to $147,000,000; the exports from $19,000,000 to $145,000,000; and the tonnage of shipping from 500,000 tons to 3,300,000 tons. "The post-office statistics show how the transmission of intelligence has outstripped even the march of population.
The tobacco grown here has the most exquisite aroma, and the beehives look from a distance like a small town with many-shaped roofs. It is easy to see that the owner of the island understands luxury, and yet that owner never has a farthing to call his own; no money ever enters the island. Those however, who need the exports know also the requirements of the islanders, and bring them for barter.
The danger is now over, and we find it hard to make real to our imagination the terrors of a mob such as swarms out of the dens of Liverpool and London. We know well enough in this country what Irish mobs are: the Old Country exports them to us in pieces, ready to put together on arriving, as we send houses to California.
Now, Sir, the whole fallacy of this argument consists in supposing, that, whenever the value of imports exceeds that of exports, a debt is necessarily created to the extent of the difference, whereas, ordinarily, the import is no more than the result of the export, augmented in value by the labor of transportation.
Of course this change in the water approaches has altogether revolutionised the character of the place. Hythe is a port without imports or exports, a harbour in which nothing takes refuge but shingle. It has not even fishing boats, for lack of place to moor them in. It is on the greatest water highway of the world, and yet has no part in its traffic.
Their bark and timber are likewise useful, and when the gold fever has subsided, will become valuable as exports. Wild flowers there are in abundance, and some exquisite specimens of ferns. For the benefit of those better skilled in botany than myself, I give the following list of Dr. Muller's indigenous plants of Victoria.
The Coasts of Syria might be divided, like those of Guinea, according to the nature of their productions. The northern division is bold and bare, yet flocks of sheep graze on the slopes of its mountains; and the inland plains behind them are covered with orchards of pistachio-trees. Silk is cultivated in the neighborhood of Suediah, but forms only a small portion of the exports.
Paine thought that while the new State could send its exports southward down the Mississippi, its imports must necessarily come from the East through Chesapeake Bay because the current of the Mississippi was too strong to be overcome by any means of navigation then known. There were mooted many other schemes.
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