|
1826| 18 6 | 21 0 | 56 11 | 37 2 | 315,892 |
1827| 22 3 | 25 9 | 56 9 | 32 9 | 572,733 |
1828| 27 2 | 28 9 | 60 5 | 32 5 | 842,050 |
1829| 32 3 | 35 0 | 66 3 | 32 7 | 1,364,220 |
1830| 29 6 | 34 0 | 64 3 | 32 6 | 1,701,885 |
1831| 39 6 | 39 0 | 66 4 | 27 1 | 1,491,631 |
1832| 34 0 | 33 6 | 58 8 | 24 11 | 325,435 |
1833| 25 0 | 23 6 | 52 11 | 28 8 | 82,346 |
1834| 23 9 | 23 0 | 46 2 | 21 10 | 64,653 |
1835| 23 0 | 24 0 | 39 4 | 15 10 | 28,483 |
1836| 21 0 | 23 0 | 48 6 | 26 6 | 30,046 |
1837| 22 6 | 26 0 | 56 10 | 32 7 | 244,085 |

[12] "The excessive consumption of these and other articles has,
however, only led to a drain of bullion to the extent of three millions
and a half, while, upon a moderate computation, they would appear to
call for three times that amount. This is to be accounted for by two
facts--The first being that we have not imported, and paid for as much
as we have consumed, since, conjointly with our importations, we have
been steadily eating up former reserves, so that our stock of all
kinds--coffee, sugar, rice, &c., are low; and, next, because we have
diminished our importations of raw material in a remarkable degree, and
hence, while paying for provisions, have lessened our usual payments on
this score. Here, too, in like manner, _we have been drawing upon our
reserves_. Our manufactures have been carried on with hemp, flax, and
cotton, which had been paid for in former years, and we have left
ourselves at the present moment short of all these articles, the stock
of the latter alone, on the 1st of January last, as compared with the
preceding year, being 545,790 against 1,060,560 bales. We are not only
poorer, therefore, by all the bullion we have lost, but by all the stock
we have thus consumed.

"This _process cannot go on any longer_. We have now no accumulations to
eat into, and must, consequently, _pay for what we use_. Concurrently,
therefore, with our importations of corn and other provisions, (which
are now going on at a much greater rate, and at much higher prices than