78.
That the revenue of the ensuing year will not fall short of that
received in the one now expiring there are indications which can
scarcely prove deceptive. In our country an uniform experience of forty
years has shown that whatever the tariff of duties upon articles
imported from abroad has been, the amount of importations has always
borne an average value nearly approaching to that of the exports, though
occasionally differing in the balance, sometimes being more and
sometimes less. It is, indeed, a general law of prosperous commerce that
the real value of exports should by a small, and only a small, balance
exceed that of imports, that balance being a permanent addition to the
wealth of the nation. The extent of the prosperous commerce of the
nation must be regulated by the amount of its exports, and an important
addition to the value of these will draw after it a corresponding
increase of importations. It has happened in the vicissitudes of the
seasons that the harvests of all Europe have in the late summer and
autumn fallen short of their usual average.
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