Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851Various
History
Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851
Various
England -- Periodicals; Scotland -- Periodicals
"We imported last year," says Mr Carey, "about three hundred
thousand persons. Estimating their consumption of food at
twenty cents per day for each, there was thus made a market on
the land for the products of the land to the extent of _twenty
millions of dollars_. This transportation required the constant
employment of two hundred and fifty thousand tons of shipping,
and ships carried freight to Europe at very low rates, because
certain of obtaining valuable return cargoes. The farmer thus
obtained a large home market, and the power of exporting
cheaply to the foreign one; and to the conjoined operation of
these two causes is due the fact, that wheat and flour have
continued so high in price.
"We may now, I think, understand many curious facts now passing
before our eyes. Food is so abundant in Russia, that it is
wasted, and yet among the large exporters of food to Great
Britain is this country, in which it sells at a price almost
as high as in Liverpool, and now even higher. The produce
of Russia has to bear all the charges out and home, and the
consequence is that the producer remains poor, and makes no
roads; and thus the cost of transportation, internal and
external, continues, and must continue great. The farmer of the
United States sends his produce to market cheap, because the
return cargo, being chiefly man, is valuable, and the space it
occupies is great. He therefore grows rich, and makes roads
and canals, and builds steamboats; and thus is the cost of
transportation, internal and external, so far diminished, that
the difference in the price of a barrel of flour in Pittsburgh
and in Liverpool is, when we look at the distance, almost
inconceivably small.
Public-domain text, read in full here on John Shaqi.
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