Iowa territorial gazette and advertiser., 1842-10-22
'ORS AND PROpRIETORs.
Political.
TIE NEW WHIG TARlFF-!HE
WAY IT WORKS

WAY IT WORKS.
The following. from tho New York
Herald, shows how the new whig tariff
works. Federal papers were indus.ri
Gus in circulating exaggerated accounts OF
the wonderful revival Of business in tho
East on the adoption Of the new tariff
but since it has gone into operation and
commenced the produc,io, Of its banefu;
fruits, they are mute to profound silence
on the whole subject The farmers, who
have been told how greatly this measure
would benefit them, will now see what i,
ls that has ruined their best interests
they will see that it is Wing legislation.
They will find all the markets Of tho
world closed against them, and the home
demand not sufficien, for one half their
Surplus produce. The consequ will
be the lowest prices known for twenty
years, whilst goods, instead Of falling,
will advance in price.
9Th 'first flush Of the new tariff hav.
ing passed away, the public is beginnine
'o'feel the legitimate influence in destroy.
ing commerce and traIe. The first cf.
fec: is felt by the mechanics. Several
tinc ships that. previous to the passage
ol' the act, had been put upon the stocks,
have slnc,: been countermanded. and the
activity TINT was springing up under the
prospect Of a low tariff. has died away.
There is nlsoeless demand Tor money for
commercial purposes. Capital engaged
IN those pursuits must seek another d.
rec'ion, because the government and the
manufacturers having raised an artificial
barrier between us aud foreign nations.
all whose living depended directly upon
| that intercourse, whether as lumbern1en.
ship builders. stevedores. rope makers,
Iiroi-'ounders. carmen. merchants, im-
I rorters. aud tho Government itself, must
sniirr the consequence. The next sui
lerers will be the cotton growers, whose
/ bills will sell very low, under the li,n-
ted demand. to pay for imports. Next
Come The farmers. the vent for whose
oscrstock Of pork, flour &c. is cut off in
the ability OF foreign consumers RS to pay
for them. The surplus remaining on
hand must sink the value Of the whole to
such degree as to disable the farmer,
from bn.ying any goods imported or other
wise; the manufacturers will then have
tallen into their own trap-or. on tho
other hand. lf the western farmers get 4
sufl lent ven, for their goods down the
ST Lawrence, by smuggling goods in re-
turn, British capital and British shipping
will monopolize the trade from the pro-
v'nces, and American shippers md mer-
chants, IN common with the manufac-
lurers. will meet the ruin con,rived by
the latter. Let the farmers and produ-
GERS who have lent all ear 10 .the voice
OF the charmer,' watch the still down.
ward tendency OF all produce, conss.
qaent upon accommodating stocks without
foreign vent; and, on tho other hand,
watch the rising prices Of cloths, cottons
and manufactured goods. These latter
viii COUP unY rate brings the snug
glcr 10 tho re III the consumer"
TuE WING PRESIDENTIAL CANDIDATE
Sir. Cay has made his position good and
succeeded in forcing himself upon the
Wings as their candidate Tor the Presi-
dency in 1914. lie has now been NOM
mated bv State Conventions in N. Car
olina, Georgia, Maryland. New Jersey,
New York, Delaware and Massachusetts.
Internationally, aud without reference to
National Convent n. In Kentucky.
Virginia, tennessee, aud several other
States. ne is undoubtedly their first choice
aud We may expect 10 sec them shortly
loin IN the movement in his favor.
; We are glad Of it, Most lervently do
we rejoice tina, he is to be the Whig lea
der in the coming conflict. lst. because
his opinions arc known, and there caa
be no fraudulent concealmcnts practised
in regard to his probable measures. Sd.
lie is the most complete embodiment Of
Wing principles aud feelings in exis,encs.
3a. Ii the Democrats defeat him, they an
niai.ato Mhiggery. 4th. And, lastly,
because he possesses less strength with
the great body Of the people than any
other prominent man Of that party.-Ky.
Ga.t.te.
The New York Herald says: .slt seems
the Secretary OF the Treasury is again
dancing attendance on the brokers' n
Wall street, with the view Of making an
other loan. He is Aaiered by them into
a notion that it is better to borrow tho
money than to issue any Treasury noes
But, for purpose, best known 10 them
selves, tie brokers, by design, or other
wise, protract this negotiation, which pre-
vents the appearance Of Treasury notes,
S while the poor claimants remain wi,hou
shilling Of Pay, and in many instance,
by this procrastination are forced iote
y Wall street, and compelled to sell thei
claims on Government at serious dis
! count, say one per cent
The London Times, decided tory %
! per, makes tho following remark:
''HENRY CLAY, Of Kentucky, will, un
doubtedly.. be brough. forward as can
iida'e for the Presidency; and il any ma,
in the country has just claims upon ri
: fellow citizens for the FIRST Office Ia thei