Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-10-21

II Tariff, and must stimulate and greatly
increase the cultivation OF wheat.
The effect ofthe duty upon the Anne
rican wheat growing States does not
seem so apparent. 1t is the opinion OF
some that the Farmers Of Ohio Mlchl-
gan, Indiana, AID Illinois, might better
be looking about them TO secure a good
/ home market for their wheat. or else
they will be obliged TO sell al a more
reduced price than has yet been reached.
They think that although, with the du"
~ taken off -four, they can afford TO pay
a higher price for wheat, yet asthere is
like 10 be less competition between Cana
dian and American purchasers, the Ior'
mer, with a duty Of nine cents staring
them in the face, will be apt TO drive
hard bargains. Taking into considera'
tIon the superior G~heapness OF The New
York over the Quebec route, the differ
ence between duty on and duty of -four
10 the English market will hardly com
p%ensale for the Provincial duty Of nine
cents-they must therefore buy at low.
er prices or not buy at all, either Of
which effects must be detrimental TO the
American producer. This is one view
oil The probable effects of the new duty.
On tie other hand, many, and among
them a large proportion OF the Cana
dams, suppose that O small duty upon
American wheat--the duty on exported
-four being al the same time taken off,
will serve not only to increase the tran.
sit trade through Canadian routes but
will secure TO producers both in this
country and in Canada a better remuue.
ration for their labor. The Montreal
Gazette illustrates tho probable opera
zion Of the proposed Colonial Corn Laws
as follows: 1t says that on the second
day Of September the average value Of
wheat in Great Britain for the week
ending that date was SOS. sterling per
quarter, or,66s. currency Tor eight bush.
els Of 60 lbs. each, calculating exchange
at s percent prem.
BY the provision Of the English Corn
Laws, when The aggregate average falls
to 55s. per quarter, the duty imposed
upon Canada wheat is s.. sterling per
quarter; on Foreign, including AmerI-
can, t6s per quarter.
The difference between these rates
l5s. per quarter. BY the provisions Of
the contemplated Imperial law, abolish
ing oil duty Upon Colonial Wbeatenter'
ing England, and by tho Colonial law,
imposing a duty Of 3s. per quarter upon
American Wheat entering Canada, the
American farmer would save the differ.
ence between IS per quarter and l6s.
per quarter, by transmitting his stocks
through Canada to Great Britain. We
deal with facts, which is easy Of COM
]prehension, which any person CONVEX
SAM with figures can disprovo, if false.
Our calculation is as follows:
Duty per Or.
Foreign Wheat shipped to Eng.
land from New York, when
the average price is 55s, per
quarter in Great Britain, 60 rs 0
American Wheat shipped TO
England via Canada, when
the average price is 55s. per
quarter in Great Britain, o 80
Profit in favor Of shipments via
Canada, O Is 0
From this statement it would seem
apparent that Western Wheat destined
for the English market would be drawn
through the channel OF the ST. Law
renee, and accordingly a trade Of much
importance is predicted.
The proposed duty will cause an enor
nous addition TO the Provincial! revenue,
WHICH will be doubtless appropriated to
internal improve menls, schools and
other matters Of general public utility
The effect of the duty upon our mar.
ket, ss we have shown, is still a matter
Of doubt, but we incline TO the opinion
that it will cause the price of wheat 10
fall still lower than il ia nj nTesent