Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1844-03-07
cent. on wool.,-Ti5un

NeNts Ui WOOis - JtCuHc
We inform the Tribune that thew not
only will be higher but that they are
already 40 per cent higher. After ma.
king allowance for the rise in the price
of raw cotton and wool, there is IAN ad-
vance over and above the rise in the raw
material of full 40 per cent. on the ag.
gregate of our manufactures. Is there
any fact concealed in this, neighbour
We do not select out few articles that
have risen in price. but we say the rise
in cotton and wooden goods is general,
though some few articles may have fall
len in price. The same ophardware-
the price, en- the aggregate of our CT
sumption. has risen materially. and hxs
YOU have admitted again and again.
You also have admitted that there is a
rise in wooden and cotton goods since
last spring. Now, as the rise in the raw
material is only about one fourth of the
rise in the manu- featured article, how
are you to account for the remaining
three ,toUthS? Refer it to the Tariff at
once. neighbor, and back out of a posi-
ton that even YOU with all your art OF
prevarlcating cannot maintain. Why
publish your tables Of prices IT, Jan.
184l. and Jan. 1913? Every man. who
knows anything, knows very well that
tie Wing Tariff went into operation the
latter part of the year 1912, and the 1st
of Jan. 1S43 was too soon to witness its
effects upon prices. But it has now been
in operation the whole of the year 1843.
and the result is, in January and Februa-
~ of 1914, without any material change
in the currency, we find the prices of
manufactures increased, and still increa.
sing, and the prices Of agricultural much
less and still declining. This is the re-
suit of the Infamous Wing Tariff of l842;
and such will continue to be its result,
until Democratic Congress and Demo.
cratic President grasses it from the stat
ute book, which they will do the first
session under AIR. Van Buren's admins
tration, il it lasts so long.
The Tribune reioices at the quantity
of specie brought into the county du,
ring the year 1s45. During the ten
years of comparative Free Trade, from
1883 to. 1912 inclusive-we imported
near fifty millions Of dollars more specie
than we exported. From 1924 to 1854
nclusive-ten wears of high duties, we
imported less than ten millions more spe-
Gle than we exported. In the face of
these facts the Tribune wishes to create
an impression that Free Trade would
drive the specie out of the country
From 1924 TO 1883 we had the highest
and most protective Tariffs the country
ever had, and the imports Of specie were
less than any other period Of ten years.
From 1853 to ls42 we had the {oirast
Tdr1T since 1916 aud the imports of
specie were greater than in any other Pc
Rod for ten years. None but an ignora-
mus, or wilful faIsifer Of truth Swili;as-
sert, in the face of statistical evidence
to the contrary, that low duties would
Danish specie.
But do not let us be understood as ia
vOring excessive importatiOns of specie,
Trade between two countries is essentI-
ally one of barter. II we could drain
Europe of specie we would be worse off
than we now are. All We want is our
fair proportion of the specie of the COM
under system of low duties and a sound
currency. IF the new Tariff is so high
as to exclude the produce OF other coun-
tries from our markets. and we should in
conseq uence import $50, 100000 annu-
ally, it would be as injurious to the in
dustry Of Our country, as though we
should export annually 100000, 600 -
In either case It Wotld be an evidence Of
an unnatural state Of our foreign trade.
What we want is, that the market of
the world should be thrown open 10 us,
that our millions Of agricultural produce
and manufactures may Sud a steady
market and fair prices; and whatever
specie is wanted TO settle balances and
carry on healthy trade, internal and
external, would be constantly possessed
By US.