POLITICAL AND COMMERCIAL 67 



exports and profits were concerned, still 

 examination of statistics shows the differ- 

 ence between that year and 1810 was not as 

 great as it seems. On the face of the figures 

 shown, the difference is enormous. Our 

 exports for 1807 were in round numbers 

 $108,000,000, and for 1810, $66,000,000, a 

 difference of $42,000,000 in favor of 1807. 1 

 But our domestic exports for 1807 were 

 $48,000,000, and for 1810, $42,000,000, a 

 difference of only six million, and even this 

 difference might disappear had prices been 

 the same in the two years. 



The fact is, domestic exports were larger 

 in 1810, but the price received for them was 

 less. 2 We exported in 1810, 27,000,000 more 

 pounds of cotton, but the price had fallen 

 from twenty-two to fifteen cents a pound. 

 We exported forty thousand more tierces of 

 rice in 1810, but the price was twenty-five 

 dollars a tierce in 1807, and twenty dollars 



1 Pitkin, Commerce of America, p. 275. 



2 Pitkin, Commerce of America, Niles Register, vol. 11, 

 p. 315. 



