Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-07-14

weston on the Doth inst having made the passage nom
Vera Cruz in eight days. Dispatches were sent oy
This vessel from the French Minister TO the French
Charr6 al Galveston similar those sent BY the Scya
:, ,bs R,,ish Ch.rse giving notice OF the Armistice-
II ooears that Santa Anna has notified The Engiisn,
r,aneh and American Ministers in Mexico, that he
,shes 10 suspend hoslie With Texas Tor The present
One Of the creates, faaces CT the advocates of the
protective system ~ that high duties lower prices
This presents face papaoe an aosurd.iy that
4 ouId hardly be worth the trouble OF DENIAL TO men
yho are accustomed 10 think Tor themselves These
persons begin with The es:er:ion that our manusco
re. are in their n.ncy and 10 noursh and strengthen
them il is necessary tina. they should De protected
pro,ec,ed against mat: Why, against foreign deal
ers who furnish cur markets cheaper vi course
there can be protection, unless Inc law designed ioi
his purpose RAISE the price Of the foreign fabric and
thence allow the domestic arlicle an opportunity 20
command mere ii Tariff were 10 lower prices, u
would operate aga;ns; iheS
hesere Congress for law that VIII e1ciroe me
fab,c lessen competition, and SO aio@ an equivalent
enhancement, Of prices here at home. In he speeches
=, smbers of Congress this - Inc enroen OF their
,,yer Oar manufacturers have large capitals, (say
,heyl and unless prevent he people tom buying
the cheap goods OF Europe, we mus stop "o,k' our
capi,al must be sunk, our families ruined IL hisn
dures mean low prices why are 'he Applicants io'
hn.e 6n,;es pr,ncpallv aged in manufacturing:-
surely thew are no; SO stupid as TO ask Congress
p.ss laws which shall reduce prices and, therefore
their profits less Yet, in defiance Of this com
mr., sense view there are Wings here who wish the
people TO believe ihst prices, uneer protective
| rift are lower Than they would De win Tree trace
Surely no folly is more sbsurciy or Kna'ishiy iooh'l
than this
,on these protective men 90 back some years TO The
o,,ces prey.,llng when the country was hiied win
osper currency and every thing vas marked ~ douoe
hs nrce which !; brings Tbs IS just IS absurd
a. the deduction they make from u. Does any one
wonder that yard OF cotton goocs Goes mol sen a.
h oh nov i; did IN 1854, "ben Inc ases OF worn
mn we're double and The apparent value oevery ihing
NJ T,,,w twi,a as great. The lower prices have
! .no,moda,ed themselves to the contraction OF Inc
currency and every thing has undergone change IN
nomn.i value 10 agree with The diminished quantity Of
the circulating medium
The truth ~, the Tarh law oil lS7l was oroogn'
obou, BIZ this 7ery tendency OF prices % iail Inc
manufacturers saw that in 'he return 10 seslh con
di,ion they must accom- nodaie themselves 10 lhe
change. or be ruined. Prices were falling with "a
p,ov they did not anticipate, and they kTr~ that 'he
only way 10 stop to aPpeai;o Congess Tor more
pro,ection-and so the p.esep, Tariff act~as passed
and The general reduction IN the prices ofthe articles
they manufacture has been very conslcesoy cheoAeo
thereby.
The p,escn, lmpos. aw, then, sihoug' u may no.
have raised prices has, beyond question: kept Inc
going so low as they otherwise woue have zone;
nJ fact IS one reason why the manufacturers
com,lan ,ba, they are not benefited by II as uch as
they expected. :r,T, The
h;ch duties Of 1916 we're imposed IN consequences OF
The fall in prices during the previous year was 30
also in 1874 and SIS. They we're mace 10 ehecH tne
'andsncy 10 low prices, and thus. by eInc;'ng more
from the people TO avert the rum Of hose "'o heu "
! vested large capitals IN manufactures.
'es'so go r.1o5ie Tribune.