Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-06-16
TARIFFS AND SPEClE.


Our friend OF The Statesman gives us
statistical article Of some length in his
paper OF last evening. We hope we
shall he forgiven, if, as an enquirer after
the truth, we shall presume 10 question
the inIaIlbiIity Of tho authors conclu
slons as 10 The effects Of The laiiff laws.
His great effort is 10 show that the er
cess Of imP0rtations of speC ie have al.
ways been grealer under low tariff of
duties than under high tariff, and to
prove this he presents US with statisti
cal table OF eTCeSSeS Of imports Of specie
and exports o specie, commencing with
the year 1921, and ending with the year
l842. which he divides into two periods
OF al ascending, and descending tariff
Thus, IN the period from 1921, to 1881,
which he designaeR as the ascending
period, the ercesS of exports oil specie,
over The imports Of specie, is estimated
at $3,777 ,04S. And during the deScen
ding period, from 1899, to lS42, ihcu.
sive, the eaCeSs OF imports Is estimated
at S47,072 ,556. The editor having
thus satisfied blmseIf, lriumphantIy asks
"whal can DO more conclusive than the
facts here sIatedY"
Well, perhaps they are conclusive ia
the eye ol our friend, but we confess we
cannot exactly arrive at the conclusion
which is so plain and obvious to his view
But let US examine his argument, and
his facts. He SAYS that the fret tariff
was passed in 1876 that it failed hat
In 1920 second Jaw was passed-au
iE 1891 Ihlrd law was passed, under
the lead of Henry Clay, raising the du-
ties still higher I'VE believe that was
the same year that General Jack son
wrote TO his friend DR. Coleman of North
Carolina, and recommended tariff for
protection and "tar8t to pay the nation
al debt" &c, as published in the las
Herald - but no matter for that now
Well, at the instance of Mr.. Clay
General Jackson, and a number Of other
prominent democratic Statesmen, the du
ties were raised "stlI higher in 1924 y
And what was then the result, according
10 the statistical table Of our friend Of the
Ohio Statesman? According to their
table. for the three years preceding the
wear 1924, viz, 2l, 20, '23, the ercess
Of exports of specie, amounted 10 Sl2,
2l6 594. Remember that Bnt what
followed the passage Of the tariff law o
1924, according to this same TAME OF ou
friends OF tho Slaesman3 Why thus
the encesS Of imports of specie. amounted
during he years 1924 '25. @6, '27, tC
S467S,3l2, and the ercesS of exports
for The same years. to S3, 073, ,354, leav
ing balance in favor Of imports, o
S6Ol. 95S Showing a progressive i'm
provement in the importation OF specie
under the new tariff laws,
Again, according to our friend of tb'
Statesman, "the clamor for more pro
lection was heard in 1928, and was qui
e,ed by The passage OF a fourth law
which the South called lhe bill Of abom
nations " And what was the effect o
that law Of 1928, up 10 the year 1882
the year wheG he descending scale wa
agreed upon, according to the comprom
ise acl9 During that period OF Iou
wears, the excess oI imports Of specl
amounted to S8,45b 1888, and the exces
of exports TO 50 462 ,72l-IeovlOg
balance in favor Of imports Of S5 O94
O62
In 1882, there was farther Ieglslaiio
on the subject Of the Tariff, and in 1913
Mr.. Clay introduced an act TO modIt,
the law of the preceding year, and tn
descending scale. But what was the e
feet Of the tariff law from 1882 10 lS3
four years before the descending seal
had reached it's lowest point, and accol
ing to This same table Of our friend OF III
Statesman? From 1882 10 1888, incIl
slve, the excess of imports oI specie
mounted to S55,952 1859! Not doIIa
of excess of exports!
From that period dNth hat is from and il
cluding the year l639, (aboul the Tim
the tariff was whitlled down to the Iltl
end Of nothIng) 10 ls42, the excess
specie imports, according to the liable
the Statesman amounted 10 The sum
tour hundred and slriy .fUe ihOusan
sepen hundred and ninety nine dollar
and the excess oil specie exports 10 eig
millions, four hundred and forty SEQ
thousand foUr hundred and hoeniy do
larSi
Can we doubt the effect Of the 10
tariff Of again changing the tide OF sp'
Gle importation in our favor, even acco
ding to the Slalesmans own show iDgY
we have mistaken this matter, we chi
when couvinred, acknowledge our errC
columbus Weekly Herald.
20 c.
Never condemn your nelghbor II