MTSCELLANEOUS
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From Me Banner of tte Constitution.

 One the points most essential to be clearly understood, in Political Econo- my, is the absolute sasepcrableness of im- ports and exports; and, if we look at the arguments of that portion of the Ia riff, party who pretend to reason upon the subjeeis we shah discover that a want of knowledge in this important truth lies at the bottom of their whole tallacioas theory. They seen to sup pose that country can carry on an cr- port trade, aad hence they are constant iy at work to try to find out how they can increase the export of domestic pro- import of foreign products. Like the disciples of the old commercial school, who maintained that country was en- riehed, not in proportion to the aggre- gate extent of its trade, but in propor. tion to the quantity of the precious met als which were brought into it, they seem to regard as the very apostles of wisdom. those who arc seeking after the philosophers stone in the form of an ex- cess of exports over imports. A little reflection upon this subject will, we think, satisfy any one that this search will be nothing different from wild goose chase. Like an ignis fatuus, il is ever dancing before the eyes of the be- wiIdered pursuer, and, like it, must for ever cIudc his grasp.

 Commerce is nothing in the world but an exchange of commodities for com modities of equal ualue at the place zphere fke erchange is naade. Nations never give commodities to other nations for nothing. Even individuals rarely do it: for, although Chinese hong-merchant may sometimes make a cunsshaav or pres ent to an American supercargo, yet he probably gets, in exchange for it, it's full value in ginseng, opium, or extra com missions. If, however, nations were to be so foolisha as voluntarily to give their commodities away for nothing, the na. tions to whom they were given would be gathers to the full value of the gift, and would certainly not be guilty of the fol ly ofrefusing to receive them, upon the ground that the balance of trade was against them, as proved from their i'm porting more than they exported. Now if other nations will not give us theil products for nothing, we think 1t may very safely be assumed that we will no give them our products for nothing; ant it must therefore be manifest to any man who does not regard the people of tht United States as nation of boobies that, for every dollar we export, we i'm port dollars worth in return.

 From this it will be evident that iIr ports and exports go together hand-in hand. It is no doubt sometimes tn case that, in one particular Year, import may exceed exports, and uice rersa but there is perpetual, tendency f equalization. and, upon an average ( five or ten years,i it can hardly fail ths the amount of one is exactly counterba anced by the amount of the other. t net. therefore, selfeyident, that. wha ever measures have tendency to pr' hibit imports, must, of necessity, at th slime time. prohibit exports to an et.ii; exsents We do not sec how this can | doubted, and, according to oar custoH We cheerfully offer inc eolumns of tn paper to any writer who will undertal to refutc this position,