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Updated: May 4, 2025
In the meantime the custom-house inscribed $200,000 upon its list of exportations, and as there can of course be nothing to balance this entry on the list of importations, it hence follows that our enlightened members of Congress must see in this wreck a clear profit to the United States of $200,000.
Tidemand took out a telegram and said: "I fancy my rye speculation isn't going to turn out very well. The prices are normal at present; Russia has lifted the ban." It was true that Russia had recalled her decree against rye exportations.
Texas, for the present at least, exports her whole crop. These exportations are, in general, to the same foreign markets, and it is supposed to be of no considerable importance to the American producer whether he meets the Texan product at home or abroad.
While this is felt injuriously in the diminution of the revenue, it has been accompanied with a very large increase of exportations.
If the duty be raised to the height proposed, it must be allowed to be repaid for all that shall be exported; otherwise foreign nations will deprive us of this part of our trade; and it has been already shown, that by mock exportations the duty may be frequently evaded.
The exportations of America, which are tolerably well known, are the best measure for estimating the importations. These are probably worth about twenty millions of dollars annually. Of course, this impost will pay the interest of a debt to that amount. If confined to the foreign debt, it will pay the whole interest of that, and sink half a million of the capital annually.
The extraordinary increase of exportations from this country during the past three years and the activity with which our inventions and wares had invaded new markets caused much interest to center upon the American exhibit, and every encouragement was offered in the way of space and facilities to permit of its being comprehensive as a whole and complete in every part.
The trans-Saharian railway is not yet laid down; there are two thousand five hundred kilometres* of bare desert to be crossed which can hardly tempt railway companies; and a certain amount of prosperity must be developed by starting cultivation, seeking and working mines, and increasing exportations before a pecuniary effort can be possible on the part of the motherland.
The Italian lira is worth 28 centimes of the sterling and 21 of the dollar. Here are still two countries in which tenacious energy can save and with many sacrifices they can arrive at good money. France has a good many more resources than Italy; she has a smaller need of importations and a greater facility for exportations.
There is, therefore, sir, no danger of exportations from that part of our dominions, which is the chief market for provisions, and from whence our enemies have been generally supplied: in Britain there is less danger of any such pernicious traffick, both because the scarcity here has raised all provisions to a high price, and because merchants do not immediately come to a new market.
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