National Geographic : 1898 Jan
THE PRESIDENT OF THE SOCIETY During the fiscal year 1896-'97, the sum of her exports and imports had a value of 1,816 million dollars. Large as this sum is it is small compared with the foreign trade of the United King dom, France, or Germany. Of this great sum, 765 millions, or about two-fifths, were imports. The difference between them, the " balance of trade," was in our favor to the extent of not less than 286 million dollars. In other words, we sold 286 million dollars' worth more than we bought. The principal articles which were sold were cotton, wheat, meat, petroleum, tobacco, and manufactured goods. Those purchased were mainly sugar, coffee, and manufactured goods. In carrying on this enormous traffic the port of New York plays by far the most important part. Just about one-half of our foreign traffic passes under the shadow of the Goddess of Liberty on Bedloes island. Two-thirds of our imports and more than one-third of our exports pass through New York. That city is probably the most important seaport in the world, for to this foreign trade is to be added a much larger amount of do mestic trade by sea. Next to New York in foreign trade is Boston, which receives one-eighth of the imports and sends out one-tenth of the exports of the country. New Orleans holds the next place. Although she receives but two per cent of the imports, she sends out ten per cent of the exports, which consist mainly of cotton. Phila delphia is fourth in rank, with six per cent of the imports and four per cent of the exports. Then comes Baltimore, which, though she receives but one per cent of the country's imports, sends out eight per cent of her exports. On the Pacific coast San Francisco is the only port which as yet has any prominence in foreign trade, and her share in it is but four per cent of the exports and imports. The Atlantic and Gulf coasts take about seven-eighths of the entire trade, and the Pacific coast only about one-sixteenth, an amount equal to that of the Great Lakes. H. G. THE PRESIDENCY OF THE NATIONAL GEOGRAPHIC SOCIETY At a meeting of the Council of the National Geographic So ciety, held December 31, Prof. Alexander Graham Bell, LL. D., etc., was elected President of the Society.