International Monied Relations.
by An American.
The rapid development of the resources of the United States, since the general peace of 1815, has attracted the attention of political economists, and opened many new relations between the old and new world. Itis highly important that these relations should be fully understood, and properly appreciated, in order to derive from them the utmost mutual advantage. Peace has become the settled policy, as it has always been the best interest, of all civilized nations; the relations, therefore, of which we speak, are such as are consequent upon this happy state of things, namely, those of trade and commerce; and particularly such as naturally grow up between a country like ours, of boundless extent, unexampled fertility, and inexhaustible resources, requiring additional population, and increased means, for their full development, and nations like those of Europe, whose territories are overburdened with population; whose fields of enterprise are all occupied; whose capacities are all tried, and whose surplus capital can scarcely find any profitable investment.
The intimacy of these relations are most sensibly felt between the United States and Great Britain, Ireland, France, Holland, and Germany; nations which, while they have furnished us the greater part of our population, are at the same time those with which we have the most intimate commercial intercourse. It is therefore the nations above-mentioned, to which the remarks we have to offer will more particularly refer.
In examining the relations which naturally subsist between different portions of the world thus situated, we are forcibly impressed with numerous reciprocal benefits which they can confer on each other, and are led to contemplate the various ways in which they can promote each others' prosperity. It is not only in the ordinary and regular transactions of trade and commerce, that these advantages can be secured; but, in the peculiar situation in which these countries are placed, there are other movements, hardly less important in their results. We allude to the furnishing of population and capital by the old world, to develope the resources of the new. Let it be borne in mind, that we have boundless tracts of untouched, virgin soil, which the hand of industry, fostered with a little capital, can in a few years make more rich and productive than the best cultivated fields of England. Take, for example, the state of Indiana, which a short time since was a wilderness of prairie and forest, producing nothing for the support of man, except wild game and fish, but possessing an uncommonly fertile soil, throughout its whole extent. Imagine a population of five hundred thousand inhabitants, rapidly emigrating, to occupy this rich but rude region; most of them poor, for the wealthy, and even those in comfortable circumstances merely, rarely emigrate. As soon as the new settlement numbers fifty thousand people, they form themselves into a state, and are admitted into the confederacy. As the tide of emigration increases, and sweeps over a greater extent of territory, the enterprising, hardy, and intel-
