The Rural Magazine, and Literary Evening Fire-Side, Vol. 1 No. 01 (1820) — John Shaqi
The Rural Magazine, and Literary Evening Fire-Side, Vol. 1 No. 01 (1820)Various
History
The Rural Magazine, and Literary Evening Fire-Side, Vol. 1 No. 01 (1820)
Various
Agriculture; Agriculture -- Periodicals
_Val. or am't Val. or am't
exported. consumed_.
Bread stuffs, meats & drinks, D. 13,500,000 270,000,000
Provender for horses, &c. (say) 50,000 60,000,000
Manufactures, (in general) 2,000,000 220,000,000
Product of the fisheries 1,500,000 9,000,000
-------------- forest 6,000,000 60,000,000
Cotton, lbs. 85,000,000 40,000,000
Tobacco, hhds. 75,000 25,000
Rice, tierces 80,000 80,000
The value of the cotton, tobacco, and rice consumed in the United
States, being considered as included in the aggregate values of the
manufactures used, or other stuffs consumed, will give a value to
the consumption equal to 619, say 620 millions of dollars per annum;
and assuming our population at 9,500,000, the average for each
individual is 65 dollars a-year. This amount includes ALL sorts of
disbursements needful to the subsistence, convenience and comfort
of the people, except the product of the value of labour directly
applied to the _erection_ of buildings or other permanent works. The
amount, though it appears enormous, I am satisfied is less than the
actual value consumed. It brings out the general result, that our
exports stand to our consumption as 45 is to 620--or as _one_ is to
_fourteen_, at the present time. When the price of commodities was
higher, the rate was as _one_ to _seventeen_.
The ratio of each of the preceding items are about as follows:
_Exported. Consumed._
Bread stuffs, meats & drinks, as 1 is to 21
Provender, 1 -- 200
Manufactured articles, 1 -- 110
Product of the fisheries, 1 -- 6
---- forest, 1 -- 10
Cotton, 2 -- 1 (nearly.)
Tobacco, 3 -- 1
Rice, 1 -- 1
It would be excessively tedious to attempt to detail the multitude
of items that affect these general conclusions. Accuracy is not
pretended in either of them. Probabilities only are aimed at.
From these facts assumed as being pretty near the truth, we may
estimate the importance of the home trade, or internal commerce and
consumption of the people, and arrive at a multitude of highly
interesting considerations. Take the following for an example:
Public-domain text, read in full here on John Shaqi.
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