Holly Springs gazette., 1843-07-07
S38.375,325.
S3S,413, 064.
S36,s62. PAP.
S23,696632.
SI33.387.265.

ToTAL, Sl33. 1887 ,265.
Which makes an average ofS33, ,3368I6.
per annum, and it will be remembered that
/ mis- is the democratic showing, and this,
falls short of the truth So that The
| Hon. Jacob only missed it SlL336,8l6
! He then took up the Bankrupt Law. and af-
ter abusing the wings soundIy for enacsing
such a law, he rated them no less severely
TOR repeating it at the adjourned session
Upon the subject ola tariff, he was very
profound, aud handled that intricate subject
as familiarity as a school boy would his A
q. c. He showed conclusiveIy that
"Tn logic he was a great critic
Profoundly skilled in analytic.
Who could listia .uiSh an divi lie,
A hair 'twixt South and South west side"
He proved by plain assertion, that tar
if' was grievous burden upon a large
majority of the people. That it increased
tae price of the articles purchased, 10 the
full extent of the tariff duty. and illustrated
1t with the duty on iron. He said that if
foreign iron conl4 be purchased at SO per
ton, aud paid tax here of $50 per ton. it
would cos; the consumer 800, and was
tax upon all consumers Of iron of30 per cent
This he made as ''clear as mud to the un-
derstaOdings of his audience Now let Us
look az the other side lItle. We will sup
r---.i---' ;~.- ..4-.l. - tLe Uni,a1 CtateS o4a
not be sold for less than 500 per ton. and
that foreign iron can be purchased at $40
The foreign manufacturer knows the price
OF iron here. as we'll as in all other parts OF
the world. better than we do urs, Ives He
ships his iron 10 this country. ani sells it
for So5 oil e9S ton. Just a little lower than
the American article, so as TO secure him.
self ready narket. He consequently pock-
cts the S25 profit. and carries It out Of the
country. The government imposes upon
iron tariff Of $50 ton, and places foreign
and domestic iron upon an equal footing
The consequence is, that the foreign impor-
ter pays his enormous profit in.o our treasu
ry, and helps to support our government, in
stead of making speculation off of our ci:i-
zons. and we purchase the article at the
same price we did before Further, If for
eign iron were admitted into this country
free Of duty. one oftwo things would ntcts-
sarily follow. Either, the foreign mar ufac-
turer would raise his prices to the American
prices or nearly so; or. the foreign CON.
petition would put an end to the home man
ufacture, and give foreigners the monopoly.
and TIE power TO ask what thev please
Notwithstanding the Hon. jacobs abuse of
the present tariff as the offspring of Federal
ism or the devil. 1--WE forget which, they be-
ing nearly synonymous in his mind) be 10,
tally neg lected to accoun. for the as:.or,sb;oo
and Unprecedented low prices sf ircn and
every thing we have 70 buy, and of the no
less astonishing sAc!, that we are now exoor.
Ting cotton goods to England. This was
clear oversight .n Mr.. Thompson, and he
wilt no douot enlig h,en rs upon it at some
future day. He says pIotection is anti-Jem-
ocratic. Perhaps he was not aware that he
was reading Thomas Jefferson out of the
party. lie says in his message of 1908:
TO cultivate peace; maintain commerce
"and navigation; TO oster our fisheries
''and PROTECT MANUFACTURE
&c are the landmarks TO guide ourselves
! "in all our relations"
He also neglected TO tell the people that
uader the operation of our present tariff.
there was more specie In the country than
was ever known before. That the excess
i've importation being checked. the balance
oftrade was in our favor. and that the specie
was flowing INTO the country.
We understood him to say in substance.
hat he was opposed to all banks. and in ia
vor ofau-sxclusive metallic currency We
viii moi find fsul; with him tor his candor.