A Treatise On the Principles Practice History of Commerce

Cover A Treatise On the Principles Practice History of Commerce
A Treatise On the Principles Practice History of Commerce
J R John Ramsay Mcculloch
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Great hundreds Timber, 8 inches square or upwards . . Do. "\Yainscot logs, ditto . . . . Do.
Tobacco, unmanufactured . . . Ibs. Tobacco, manufactured, and snuff . . Do. Turpentine, not worth more than 12*. Per cwt. Cwts. V'alouia .... Do. Wax, bees' . . . ... . Do.
Wool sheep's ..... Do.
\Vine : Spanish . . . . . . Do.
2. Decline in the Real Value of the Eocports. The increase in the official, and the decline in the real or declared value of the exports, since 1815, has given rise to a great de
...al of irrelevant discussion. It has been looked upon as a proof that our commerce is daily becoming less prosperous, whereas, in point of "fact, a precisely opposite con- clusion should be drawn from it. We have already stated, that the rates ac- cording to which the official values of the exports are determined, were fixed so far back as 1C 96, so that they have long ceased to be of importance, as affording any criterion of their actual value, their only use being to show the fluctuations in the quantities ex- ported.

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