Documents Relating to the Organization of the Illinois Central Rail Road Company
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28, 996, 314 30, 548, 438 Rice, .... 8, 600, 207 11, 138, 639 $235, 286, 812 $295, 482, 802 The addition of another year to the last total would make the average annual gain much more marked, as the quantity of cotton was far greater in 1851. Than in 1850, and the price for the fiscal year much higher per pound. With the prospect of a large crop for the next year's exports, the price is still nearly thirty per cent, higher than from 1843 to 1846. The quantity forwarded to Great Britain, to the ...31st August, Ibis year, was . . . 1, 418, 265 To same date last year, . . . 1, 106, 711 Increase, .... 311, 554 Total export, this year, . . 1, 988, 710 bales. " " last year, . . 1, 590, 155 " Increase, . . 398, 555 The next year's export will show a large increase on this amount.
That all these products both those of the North and those of the South, if they are exported in greater quantities than formerly at higher prices, would be required and consumed abroad in quantities still more rapidly increased, if they were afforded at lower prices than from 1843 to 1846, is almost too obvious to be stated; and yet it is equally obvious that the prices might be reduced considerably 129 below those of the former period to the consumer, and yet leave a much larger remuneration than before in the hands of the original producer, because of the saving of so large a part of the addition made to the cost of the article in the expense of transportation.
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To quickly assess the difficulty of the text, read a short excerpt:
28, 996, 314 30, 548, 438 Rice, .... 8, 600, 207 11, 138, 639 $235, 286, 812 $295, 482, 802 The addition of another year to the last total would make the average annual gain much more marked, as the quantity of cotton was far greater in 1851. Than in 1850, and the price for the fiscal year much higher per pound. With the prospect of a large crop for the next year's exports, the price is still nearly thirty per cent, higher than from 1843 to 1846. The quantity forwarded to Great Britain, to the ...31st August, Ibis year, was . . . 1, 418, 265 To same date last year, . . . 1, 106, 711 Increase, .... 311, 554 Total export, this year, . . 1, 988, 710 bales. " " last year, . . 1, 590, 155 " Increase, . . 398, 555 The next year's export will show a large increase on this amount.
That all these products both those of the North and those of the South, if they are exported in greater quantities than formerly at higher prices, would be required and consumed abroad in quantities still more rapidly increased, if they were afforded at lower prices than from 1843 to 1846, is almost too obvious to be stated; and yet it is equally obvious that the prices might be reduced considerably 129 below those of the former period to the consumer, and yet leave a much larger remuneration than before in the hands of the original producer, because of the saving of so large a part of the addition made to the cost of the article in the expense of transportation.
What to read after Documents Relating to the Organization of the Illinois Central Rail Road Company?
You can find similar books in the "Read Also" column, or choose other free books by Illinois Central Railroad Company to read onlineMoreLess
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