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Gold Exports

Gold Exports image
Parent Issue
Day
14
Month
July
Year
1871
Copyright
Public Domain
OCR Text

ine Jew ïork Lominercttil Bulletin roports the araount of gold exported from as well as imported to the United States during the fiscal year ending June 30, rnaking the footings as follows : Total export. 98,2O0.0O0 Total linijorts Í?2,000,UX) Net export #76,2(10,000 In 1837. whon the bank suspension took place, the whole amount of gold in the country did not exceed but little over f 12 000,000. The statement of the Commercial JiuUetin givos us some idea of how vastly, our resources havo increased since thát time. The net export for the last nine years, according to the same authority, is as follows : Jïi $76,200,000 ?,i2 suoo.ooo {JJ? 36.800,000 f" 80,000,000 }"?' 38.600,000 ?f 75,300,000 JJ "... 57,800,000 }" 92,100.000 1805 J4,6O0,0O0 A portion of these annual sums goes to pay the interest on bonds held by foreigners, but nmch the larger portiun goes to pay for goods purchased in foreign markets, and which could be paid for in commoditi?s rather than coin, did not our unreasonable and unjust tariff laws stand in in the way. If paid for in commodity iuBtead of coin the gold would reniain at home to increase our wealth and prospirity. The export of gold, if continued a number of years, upon the basis of the last year would produce bankruptcy, as it is f15,000,000 inexcess of the current product of the preoious motáis. - Vree Preu. The French goverument has paid to Switzerland '2,000,000 francs, a partial reimbursemcnt of the expense incurred in tho maintenauce of the French soldiers who took refago on her soil. Switierlnnd reatores to Franee the greater portion of tlie war material brought across the {rentier by the French arm y.

Article

Subjects
Old News
Michigan Argus