The Arkansas banner., 1844-02-06
From the .Neac York Herald PROTECTIVE INTERNATIONAL BANK
(To De Contiaued.)

PROTECTIVE ETARIFF-NATIONAL BANK Those who contend for protective tariff and national b for principles far sproecton home nd cemed It intended by high tariff to exclude from make goods in order that home manufactures may enjoy them wm ton This is done by imposing upon the importer of foreign called duty Now goods of any description from another but through the movement of individual merchants w and export all articles solely with view their individual p year, wooen goods o certain description were worth S2 M England and worth here S3 0O the duty twenty pet m per ya charges 10 per 20 per yard C they could imported and sold the price here farmers per yard and leave the merchant profit of 40 cts On the the duty raised to 40 cent or so cents per yard This the whole profit, and was imported The customary fo thus forced the market the manufacturers here n better prices This is the operation of protection All the talk competition reducing prices mpudent humbug be en The people of the United States much reasoning eves be made believe that home competition less hur vdua manufacturers than foreign and therefore, hatt their the former, they falsely aege, by high tariff The only keep the market themselves; yet while this their @ themselves help defeat by advocating national bank T prices of goods consist ill the relative supply of each the 1 inceased the quantity o winch may be obtained increased the proportion gold fast a y wheat, would relatively be worth if was co fast; but be increased faster than has ordered banks however by issuing paper money payable demand quantity of money pleasures and prices they bid They the quantity of money from 1850, to Sl5000n The consequence that all prices 100 per cent As long large quantity ot convertible into importers quantity of goods here without the smallest m the tar-sod them the high prcestuned the proceeds into carried ome The paper of them, and they a buy produce back because prices much higher
 that they would lose by the operation Under the swelling prices ports from $70000000 in 1880, $l89000000 in 1SS
 
 continued because the abundance of the had raised prices foreign shippers At the time, the rise of map labor here destroyed the ability of the manufacturers compee foreigners. Hence is, that 1842 under low ta low prices specie currency, they recovered their ability export manuc
 It singular anomaly that those people contend for such con and suicidal But from the that they M of politicians Since the formation of this government cou been divided by parties. The leaning towards magn na government the spendor of which should in some degree glare of European This policy involves naiana debt high and corresponding The clung republican simplicity freedom from debt, and unrestt and low the rigid expenditures time of peace there but of revenue-he public Direct peace the uues would have the hardhood to propose Now, with steady be extracted from by the laws of trade entirely. Duties beyond point posed without stopping the and destroying the uctuang currency, the duty consequence, will proportion. The only effect large Treasury In the year 842, with tariff of of 20 pe the whole they reached short of S00000000 Id 1S,900 000-the being specie 24 400000Ohe being full Now e tariff which averaged the fourth quarter of 1842-trty -four the whole mPosad been operation with the bank scheme, which defeated the the have been large the year 1S39 S150000 0 of that would have of 5l 0000O0 and the power would have been well supplied with This explains of the amagamaion of the principles protecon ona bank combination of the extracts from the peoples of monev while floods the country with goods A bank opposed by others because essentially oreign
 the by which home industry destroyed and the people extracted for the benefit of manufacturers currency, the other hand, with tariff adusted highest would permit imports the of the sales of produce and and will yield of about S which about sufficient for the support of government and cured from that source, by direct taxation. If probtve tariff sisted the latter must be esoed because natona bank ee is in full of is that parasite politicians contend for which doing loosen the solid of Uma all the efforts of combined Europe