New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-12-27


~ We are indebted to PomeroyG Co. for Albany ana
Itca papers received yesterday considerably M
the Mails 1t was not their faul. that they conSeu ~
Eaec. of the New Tariff on 'he -. as.s W.
Labor. :.
We are every day called to ceafu.e the unqaali-
fed, confident vet utterly false assertion that the
na.eeee of tho Tariff of 1912 has Increased The
z,-.e of ,aerica,s fabrics, and thereby filed the
...,,o,. of the American Manufacturers at the ex
-ense of the People. Every Free Trade writer
assumes as matter OF course that the imposition
of20 per cent more duty on an article raises ITS
orfce by so much and not only that of the i'm
ported fabric bat that of its Domestic counterpart
or rival; so that our home consumers are not only
called to pay some Eight or Ten Millions more
for the support Of the Government, but they must,
On the same grounds, pay eight or ten times as
much as bounty to American Manufacturers !!
Not one Of these profound economists stops 20 ask
or see whether the facts at all accord with their
theory; they find it laid down by Say, Condy Ra-
guet and Calhoun that Protection of Is or 25
per cent increases the cost of the protected article
80 much, and this srffces for them. And SO the
land rings with defamation against the Tdzes
which the People are required by the Tariff to pay
in the increased prices Of Manufactured Goods.
Now, while we nave all due respect for the the
Dries of the Free Trade Economists, we cannot re-
fuse to give weight to existing, notorious facts
which confute them. When they tell US that Pro-
lection enhances the prices Of the Protected arti
cles, we do not implicitly take their word
quali6edly true think it but right TO look to the
Price Current and the Statistics Of Trade and Pro
lection as we'll as to their naked assertions OF
what they imagine or predict that the effect of
Tariff should be. And we find, unless Price Cur
rents lie and our Business men are actually de-
ceiving and deceived with regard to their daily
doings, that the effect Of Protective Tariff,
steadily persisted in, has uniformly been TO re-
duce The price of the articles arhich u IS I'M
possd-not, indeed of every article in q moment,
but the average stof such articles most decidedly
The effect of the New Tariff is directly in point
The Currency was restricted, the Trade of the
Country depressed, and the price of Manufactures
had been pressed gradually down to point as low
an it was possible to drive them by Foreign COM
petition when this Tariff was enacted, which gives
10 to 80 per cent. additional protection to our
Home Manufactures. What has been the effect
of it? Has it raised the price of Manufactures in
similar ratio, or to any extent at all? The Free
Traders every where assume that it has but the
Price Currents, the daily reports of sales and
transactions emphatically contradict them. The
Manufactures to which Protection IS gs0em By
the Ne,c Tariff are at this monsnt generally fotoer
than EVER they acre before the New Tariff soas
smposed-What faith, then, should we place in
theories which contradict such notorious, vital facts
And here 10 the answer to the base attempt
every day made by the Suns, Public Ledgers,
Plebeians and other sneaking as well as open
organs of Loco-F ocoism, to fan the flames of
anarchy and eternal war between employers and
employed with regard to the Wages of Labor.
"See!' they exclaim, " the Manufacturer has got
" Protection sohica giues ham trent y:ioe per
-'cen. more for hes goods, yet he gives no
"higher wages than before, and in many cases
"less! Here's your Wing Protection to the La
borer'' Now the portion of this sentence we
have placed in Italics is lie direct, which are
based several lies inferential. All well-informed
Economists, NO matter of what school, perfectly
understand that the prices of Manufacturing La
borcan never depend the stability and prosperity
of Manufactures alone. but on the general rewards
of Labor throughout the Country-shat is, on the
Currency, the average price OF Products, and the
opportunities offered for profitable employment
of Labor. 1t was not for the special benefit OF
Manufacturers, whether employing or employed,
that Protection was required but for the benefit of
the whole People, in creating nearer, steadier
and more remunerating demand for Agricultural
Products for Mechanical skill and materials, and
for Home Labor and its results generally. This
the Tariff will effects efecting-but it must
have time. The acorn does not become an oak in
day. At this moment, dark as prospects appa
reatly are and depressed is the Country, things
are working the right way. We are not running
in debt abroad, but paying of, not with new pro-
misses but Products, and are bringing home Specie
largely. This will form the basis Of the National
Currency we must and viii have, whether by Elk
chequer issues or q Bank, we do not say; but the
essential thing-a Paper Medium of which Eve
dollars shall be worth FIVE dollars in any part of
the Country-tAat the Country must and will have
With Circulating Medium so restricted, defec-
tive and uncertain as we have, every thing
we produce must be low, and Laborwith it. This
will be recti6ed in time; meanwhile, STAND By
TIE TARIFF!
But we are keeping eur readers too long from
the following pithy and conclusive letter from q
leading manufacturer ct Lowell, waom we recently
addressed on the subject of TIE Reduction of
Wages there, aud the prices of Work and of
Goods before and snce,he Tariff His reply is as