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Maryland Colonization Journal, Vol. 1
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Excerpt from Maryland Colonization Journal, Vol. 1: April 15, 1842 Advantages OF the african trade TO the united states. - Tl]e advantages of this commerce to the United States would arise principally from its affording an outlet or market for the productions of our soil, rather than from any present necessity we labour under Of obtaining the African produce in return; although for this, there probably will be an unceasing and increasing demand. The leading article in the African trade, and without which no commerce can be conducted with the native tribes, and which can be procured from no other source whatever, is the long leaved heavy tobacco Of Virginia, Kentucky and Missouri. Deprive the European traders of this one article, and lucrative commerce with Africa would be totally impracticable. The manner Of conducting trade will readily account for this. There being no cur reney or medium of circulation on the coast, all trade necessarily consists of the barter of one article for another; and as tobacco has from long usage became an article of necessity, a certain portion of the price paid even for the most insignificant article which they have to dispose of, must consist of it. It is much the same with many other articles of commerce, but not to the same extent as with tobacco. Hence, another great advantage the English merchant has over the American, as a much greater variety of articles for this trade are manufactured there than in America, and there being ever an abundance of tobacco in London and Liverpool, while few or no articles of English manufacture are to be found in the American market in consequence of the limited demand for them. It may be said that if the European traders are obliged to use our tobacco for the prose cution of this trade, it is sufficient for us that it finds a market. Not so. We lose almost the whole of the carrying-trade, especially to the conti nent, and gain not the immense profit which is realized by the Africo European traders after having reshipped it to the coast. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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