Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-04-21
THE TARIFF AND IT'S CONSE
QUENCES.


Wing Staesme n, as means Of reslor-
ing and rendering permanent Inc Com
mercIal prosperity Of tho country, but
one has been accomplished. The others
they would have carried into effect, if
they could. That they could not, and
The reason why, is known 10 ali men Of
all parties. The measure which has
been practically carried out, has in a
most signal manner proved the wisdom
and fulfilled the expectations Of its
friends. They could have no better
evidence, in so short period that their
scheme Of policy was wise, and had it
been adopted throughout, would have re-.
stored the country 10 commercial vIgor
and renewed health.
The measure realized is the Tariff,and
10 test it, look back upon the events Of
but two years. Two facts before the
Tariff, and trOO effects derived from it,
will test that measure.
First Fact. In the autumn of 1874 |,
and the winter Of I84l-2, the balance
OF trade was very greatly against this
country, and the Custom House returns
showed an enormous expectation oI spe.
Gle from this country. Exchange on
England was very high, and there SEEM
ed no way of restoring that balance, or
of acquiring The advantage which our
surplus crops ought 10 afford.
Second Fact. At the same time, and
proceeding from the sans course, "a low
Tariff and excessive importation of for
eign goods, many Of the manufacturing
establishments Of New England dmin
ished the quantity OF the work; and in
the Spring of 1912, large bodies Of work
men were thrown out of employment
and many manufactures in Pennsylva,
MIA, New Jersey, N. York, and New
England, had stopped altogether Three
iourlhs Of all the extensive manulacto.
ries of wool, iron, and paper, were
threatened with absolute ruin
These were the facts when the Tariff
controversy was al its height; and the
Wings said, and we said, that a good
Tariff would produce these effects. Ii
would restore the balance Of trade; and
as consequence oi that, would first re-
store the manufactures and work. men tc
their business, and would next bring The
importation Of specie as basis Of renew.
ed credit, and foundation for National
Currency. The Tariff Act passed, and
II has fulfilled the anti:Ipalions of lis
friends TO tie uery letter. This fulfil.
ment is found in the TWO consequences 10
which we referred.
First Consequence In less than three
months from the passage Of the last
Tariff law, the manufactures in PhiIa-
delpbia, New Jersey, New York, aud
various other places which had been
stopped, went into active operation, and
Thousands Of workmen out of employ
ment, and hundreds Of thousands who
would have been thrown out OF their oc
cupa!ob and support, were saved from
the disastrous consequence Of ruined
manufactures.
Second Consequence The year l845
finds the balance Of trade decidedly in
favor of this country, and as was anlicl
pated, millions OF specie returning 10 this
country, and some prospect that the pro
duce Of the country will realize some
thing more than silks q satins, brandy
or vine Even the Loco Foco press is
Obliged 10 bear testimony 10 The fact, thai
the balance Of trade is in our favor, and
specie is rapidly coming into The country
With the restored prosperity of the
manufactures, new sources of trade are o.
pened showing new sources OF wealth -
A Boston mercantile house is said to have
sold in one parcel, domestic goods to the
amount Of three hundred and fifty lhous
and dollars, for the trade with China
Anne rlcan manufactures will soon be
ole TO compete in foreign markets with
those ol any country.