Reports of Committees And Discussions Thereon volume 1
Reports of Committees And Discussions Thereon volume 1
Dc International American Conference 1st 1889 1890
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Upon comparing the importation of American merchandise entered at Colombia during the years 1885-'87 with the exports made from Colombia to the United States in the same period, a considerable inequi- librium is observed. It is moreover to be noted that the excess of imports over exports reached the sum of $1, 270, 000 in 1882, $1, 550, 000 in 1883, $2, 280, 000 in 1884, $3, 060, 000 in 1885, $2, 280, 000 in 1886, $2, 020, 000 in 1887, and $530, 000 in 1888; making a total of $12, 990, 000 in s...even years. The year 1889 already exhibits a difference of $530, 000 in favor of ex- ports; and everything leads one to believe that in the current fiscal year they will exceed the imports. The inequilibrium observed is, however, easily explained. At the same time that the decrease of exportation commenced in Colombia the work of excavating the canal was begun at Panama, and the Isthmus increased considerably its importation and consumption, paying for them not with its own products, but with the money belong- 331 ing to that enterprise.
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