the United States and Great Britain for several years, with the rates of duty heretofore existing, and those proposed to be levied in both countries: COMMERCE BETWEEN GREAT BRITAIN AND THE UNITED STATES. Specific... 6,505,547 9,710,479 8,751,244 8,972,556 5,334,861 Ad Val. 24,337,110 43,569,774 23,894,498 35,771,700 17,674,030 Free,... 16,600,150 25,365,715 12,240,201 21,227,215 10,670,802 GRAND TOTAL,...47,242,807 78,645,968 44,885,943 65,971,471 33,679,693 In Am. ves.42,467,326 72,602,500 40,813,882 59,339,422 20,240,078 In For. do. 4,775,481 5,953,458 4,073,061 6,625,166 4,497,621 Vessels arr. 931 828 1,094 Tonnage,... 344,523 381,092 405,722 412,544 582,424 908 878 EXPORTS OF DOMESTIC PRODUCE TO ENGLAND IN 1839 AND 1840, WITH THE ALTERATION In For'gn vessels,.... 12,658,500 10,960,468 For'gn Exp'ts, 3,003,704 1,879,305 4,896,768 4,102,751 5,096,882 The necessity for an increase of revenue has sufficed to harmonize the conflicting opinions in relation to high and low tariff, so far as to allow of the imposition of rates as high as will yield the greatest amount of revenue. The vexatious question of the distribution of the proceeds of the public lands at present retards legislative action upon the subject, and leaves commercial affairs in a state of uncertainty at war with the best interests of the country. The reduction of the English duties it is hoped will be attended with an increased trade between the two countries, and result in the double benefit that while it increases the sale of American produce abroad, it will, by reducing the stock, increase the home money value of the remainder. |