Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-10-26


63i. making difference Of $50 6s577 equal to eighty
three per cent emitting fractions for the years. IL
period be divided into equal parts OF hse years
each the Of the latter compared to the forer
will be found be Sl33 0s9.3 making annual
erAse increase for the latter peod-lrom 1885 to 1870
Of The rapid increase began With the great
reduction under the comproini-. Of 1888. The very
next wear passed. the domestic exports from
SSl O34 l62 SOL Os2-Just like the recoI when
takes place when the weight removed from the spring
But my friends from the manufacturing States wii
doubtless that hs vast increase OF exports IRON Teduc-
ton OF duties confined to the great agricultural
staples and that the effects the to the
port Of domestic manufactures With their notion Of pro-
econ they prepared believe that low duties
favorable them asa the give their attention,
while show how great their 10 Tar from not
pariakng OF this mighty impulse from the reduction they
iet powerfully than other articles OF domestic eI
ports as shall proceed show from the tables.
The exports of domestic manufactures during the period
from 1874 to 1892. inclusive that Is the PERIOD of the
high protective duties under the tariff OF 1924 and ls2s
fell from s5.729.797 10 s5O5O6 33. making decline
of S67s. 1873 during that period. The decline pro-
gessve, and nearly uniform from year 10 year, through
the whole period. la 1888 the compromise
passed. which reduced the duties nearly half and
has since made very considerable progressive reduction
The exports of domestic manufactures suddenly by
magic, sprung forward, aud have bees rapidly aud
formly increasing ever since having risen in the eight
years from 1892 To 1910, S5050, 633 sI2. lOs
53s,-a third than double that short PERIOD aud
that immediately following great decline the proceed
ing period of eight years under high duties.
Such the blghtng effects Of high Jsties on the
tonnage and the of the cOunrr such the
invigorang effects of their reduction. Thee
mistake. The documents from which the statements are
taken among the public records aud open the
sPectn OF all The results hAsed the operations
of o years showing them be the consequences
of fixed and steady causes. aud accidents. circun
while the immediate and progressive
and increase of tonnage, both coasiwisc and foreign
and of exports, including manufactured well
fhal
and progress OF their reduction point out
be ond all controversy high duties of one
and reducton-Iow utes-thai Of the other.
IL will be IA vain for thc advocates of high duties seek
for fIcren xpanaton of the striking
convincing facts in the history of the periods The
first of these from 1924 TO 1882. the very period when
the Bank of the United fullest
successful operation when exchanges according
10 their showing. the lowest aud most steady
aud currency the most uniform and sound aud yet.
with all these favorable circumstance which they estimate
highly, and with no hostile operating from abroad
tonnage aud commerce cry branch which he
duties could operate, fell of the contrary during the
latter period, when all hostile which they
the habit # daily denouncng this floor aud whose
disastrous consequences we have heard many eloquent
lamentations yes In spite Of coutractions aud erpan
spite of tamperng with the currency aud
moya OF the deposes, spite OF the dsorded of the
whole machinery of commerce the deranged
currency, both at home aud abroad spite of the OK
changes and of what constantly told of agony
+
increased beyond all former example, such the
empowering effect of removing weights from the springs Of
industry, and striking oil hacke from the free eKchaugs
of products To overcome all adverse causes.
Let me add Mr.. President that this highly prosper-
period Of industry, however disastrous those who
have overspecuaed invested their funds rotten aud
s"lndlng Institutions the most prosperous of the whole
the tables wall show, that during the operation of
the subeaSury,-a period when progress was made
towards the of the currency OF the tion
In spite of the many difficulties and emharrassmens of
that trying period the progressive production of the u
ties and the gradual introduction souner currency
gave vigorous spring industry overcome
them all showing clearly. If the country was blessed
with the iu aud steady operation the tx o, under favor
able crcum-t ances that At would ENJOY degree pros
ery exceeding what the friends of that measure an
llcipaied.
Having shown that the navy the right arm our
defence that depends for It's Resources both
aud aud that high duties destroy the
OF including navigation and tom
mage; have trust satisfactorily established the po.,
which LAID down-that this measure which W. ud
place the burden of supporting the Government ON
commerce, would paralyle the right Of our power
Vote down. AMI leave free a. possible
aud it will furnish ample resources. sklful and gallant
sailors and Overlooking treasury To rec danger fa from
Shor and maintain rights aud dignity in our
ternal relations. VITA the Of the revenue fro land
and proper economy we might soon have ample means Ia
enlarge navy that Of third the BRUSH with M
ties far below the limits OF 20 per cent prescribed by the
compromise The annual APRON. or co... f M.
British navy Is about $4,000 600 Ours with the adj
ton OF the approPu ton Tor the home squadron de this
s60OOOOO. requiring only the addition of
four millions to make IL equal third that of Great
Britain provided that we can build equip man and main
tain cheaPly l. she hers That can with
proper management. scarcely be doubted when we re-
fleet that navigation. which involve. almost all the
elements of expense navy does successfully com
pete, with hers all the world Nor are We efcien,
IN men-gaant and handy sailors-lo man a navy on n
large scale a. l. suggested Already onnag Is two
ihiIds of that of Great Britain aud will IA short time an,
proach equality with hers. commerce should I've
fairly treated Leave. then. the Treasury the funds
proposed to be Withdrawn by ths deesiabe bill a,ny II
the navy and dences of the and even Al it,
pr amount. with small additional aid from the i'm
post II will give the OF raising with the existing
appropriations the point suggested with the s,es-
DIV increase o the fund from the increased sales of lands
keeping pace with the increase OF commerce under syn.
TEN Of light and equal duties. proper econo-
nav IN the collections aud disbursements of the revenue
raise Iiy without feeling the burden To b.
fence and the maintenance OF rights. Beyond that
ought never 10 aim.
have (said Mr. q concluded what proposed to saw
have passed many and weighy objections to this
measure which could not bring within the scope OF my
remarks without ShaustIng the patience Of body
And now Senator'S conclusion, let enire, Won an
the name of all that good and patriocin name
your country. aud the immortal fathers of our
Revolution aud founders of Government-to re;.c,
this dangerous bill imploe to rau-e and ponder
before you give your final vote for which n n
should pass and become permanent law would DO ore
to def at the ends for which this Government n-u-
ted and to suhver the Constitution and destroy the
ty OF the country than any which has been proposed
BAKr~G ny SrrAM.-Miss Sedgwick in her ate
Letters from Abroad." notices steam bakery
winch size visited. near Portsmouth. At ,his esta5-
iIshnent, says an Eng IA paper eight men and two