Here's the data from the US Treasury for 1860:
IMPORTS..............Specie.........Goods...........Total.
.............. $8,551,135 ...$353,645,119 ...$362,166,254
Can somebody run the numbers and give him the percentage of specie to imports so that he can see what the actual number is???
.............. $8,551,135 ...$353,645,119 ...$362,166,254
Can somebody run the numbers and give him the percentage of specie to imports so that he can see what the actual number is???
Well, if the specie is $8,551,135 and the Total is $362,166,254, then specie is 2.4% of the total.
Can somebody run the numbers and give him the percentage of specie to imports so that he can see what the actual number is???"
FRiend, you've lost sight of what this discussion is about, so I'll remind you.
The question is: what percent of Federal revenues were paid by Confederate-South exports?
You and others have claimed numbers like 75% or 87%, and I say it was closer to 50%.
Of course I'm certain you "get" that no tariffs were paid on exports, only imports paid tariffs.
So the root question is: where did the money to pay for imports come from? And the answer is: mostly from exports.
And what were those exports?
That's the point of discussion.
Now the 1860 data clearly shows $192 million in cotton exports, indisputably product of the Deep-cotton South.
But the data also shows over $200 million in other exports, including $58 million in specie.
So this $400 million in total exports is what paid for imports of $376 million.
Clearly, cotton paid for roughly half of that.
What about the other half?
Most of that was paid for by Northern exports and specie, but there is still $46 million allegedly of "Southern Origin".
About that $46 million "Southern Origin" I say the following:
Therefore we can well assume that a large percentage of product shipped from New Orleans & Baltimore was of Northern origin.
Bottom line: as I've said all along, the combined value of Deep-South made products exported in 1860 was closer to 50% of US exports than to any other reported number.