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Updated: June 27, 2025
Although, however, mercantile pursuits were thus underrated and despised by the warlike portion of the nation, as well as by the philosophers, yet they were followed by those who regarded gain as the principal object of life. In the passage quoted from Cicero de Officiis, he expressly mentions the merchant who imports; but he does not once allude to exportation.
Rejected was the idea of fixing the frontier on the Enos Medea line, and the frontier fixed at Ciatalgia; Constantinople was under the fire of the Greek artillery, and Constantinople was nominally the only city which remained to Turkey. The Sanjak of Smyrna, in Asia Minor, was the true wealth of Turkey; it represented forty-five per cent. of the imports of the Turkish Empire.
To discuss the Enclosure of Commons, and to dwell upon imports and exports to come so near to common life, would seem to be undignified and contemptible. In the same manner, the Parr or the Bentley of his day would be scandalised to be put on a level with the discoverer of a neutral salt; and yet what other measure is there of dignity in intellectual labour, but usefulness and difficulty?
But really the interruptions did not affect Ebie Farrish or any other of the byre-visiting young men, any more than the rattling of the chains, as Flecky and Speckly arranged their own business at the end devoted to imports. These sharp words of command were part of the nightly and morningly ceremony of the "milking" at every farm.
The ordinance declares that Congress has exceeded its just power by laying duties on imports, intended for the protection of manufactures. This is the opinion of South Carolina; and on the strength of that opinion she nullifies the laws. Yet has the rest of the country no right to its opinion also? Is one State to sit sole arbitress?
Trant, whom I have named above, had been preparing herself for the retired abstemious life of a Carmelite by taking a surfeit of the pleasures of Paris, when, a little before the death of the Queen, or about that time, she went into England. What she was entrusted either by the Chevalier, or any other person, to negotiate there, I am ignorant of; and it imports not much to know.
While in Luzon and Panay the land is for the most part the property of the peasantry, in Cebu it mostly belongs to the mestizos, and is let out by them, in very small allotments, upon lease. The imports of foreign goods, mostly by the Chinese, come through Manila, where they purchase from the foreign import houses.
Moreover, the applied reduction of duty, for which the treaty denouncements were necessary, encouraged only the carrying of dutiable imports to our shores, while the tonnage which unfurls the flag on the seas is both free and dutiable, and the cargoes which make it nation eminent in trade are outgoing, rather than incoming. It is not my thought to lay the problem before you in detail today.
It has been already pointed out, that our imports have not kept pace with our exports: of course, on the face of the account, the balance of trade, both positively and comparatively considered, must have been much more than ever in our favor.
But the ordinary state of debt and credit between those two cities must necessarily be regulated, it is said, by the ordinary course of their dealings with one another. When neither of them imports from from other to a greater amount than it exports to that other, the debts and credits of each may compensate one another.
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