Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1844-08-28
NNso1.sl..
adams and Webstsf on he Proter,;sei

I Adams and Webstst on The. Protertsses
system q
). We commend to- The attention of our
readers The following, &, opinions ofslwo ol
tue most prominent MiliS leaders as 10 the
operation, of The ProiesliYe System; :::,. -
From John Qainey a dams report 1892,
lhe doctrine ilat duties on imp0rts
cheapendhe price Of The articles upon
which they are levied. seems ,.lo confic,
4 wnhihe FIRST ,dictat,s of common sence.
But its supporters Grst. appeal with confi-
tdenceito the fact that most, Of the6. articles
Upon which idilional duties Rere levied
by the. tariff of. 1928, have since thar
lime, considerably fallen in,. piice., and
then argue that il must be.,so :. .by, The ex-
element of competition il the. market. {, 1t
is certainly ctntrary toslhe nalIfal course
OF. things, that an addition 16aheu cost
Should be a..reduclion in, the price of the
article. .:Tbe price Of any,;article in the
market must always depend UPON the rel
alive condition of demand, and supply
at the time, aud place Of eae.;;t But very
slighl variations Of time andlplace affect 10
great extent, The relative, proportion of the
demand aud shpply.;, and, consequently,
Tue price of the article. mo safe conclu-e
si0u eau be drawn frornHhe: fact, that SUBJ
seqneni to.lhe tariff of 1928, the prices of
The articles upon which the. duties were
then increased, have. fallen, unless from
other circumstances il can be shown thar
the increase tof the dulyiwa the cause of
the fall in price; nor will il be sufficient to
prove so strange. a Parador, to account
ter iit,by the excitement lof competition.
Wherever here: ,.is. a, profitable market:
-thele WILDE competition. Had the. tnrlIt f
1925 never. been enacted. the, competition
III oul:markets. would have been as great,
aud would have been as effectual to re-
dnce The prices, as il has been with the
.asgravation Of duties. inc.
8.s,.Butthe duty upon the article impor-
edfrom abroad enabled the domestic pro-
ducer.to enter into competition with the
importer from abroad. ia, So long as this
competition continues, the. .,duty operates
as bounty orpremiun TO the domestic
manufacturer. But BY whom ii is paid?
Certainly ny the purchaser oftheu article.
whether Of foreign orssdomestics mannfac-
lures. (" Ihe duty constitutes a part of the
price Of The ,choLe, mass OF tie Grtictes IN
the market. .,ll is subSautiallyipaid upon
the article of domestic c,fmanufacture,sa ,sass
UPON that of FOREIGN fihnlnci;oa Upon
one It's bo&nty;upan the ,otber .a55uirr5-zs
den; ID the repeal ofdhe tax must operate
as an equivalent reduction Iof the price off
the article, whether foreign Or. domestic:
r;To the e:same effect are ;ithe,; following
resolutions unanimously adopted byE;la
large public injecting, at Boston, in 1920,
after receiving the powerful support Of the
Hon. Daniel Webster! - ses-.
RESOLVED, that high boupties on such
domestic manufactures as are principally
benefited by ,har.lsrif. favor great capi-
taIists rather; ;lhan personal industry or the
owners Of small capitals; and therefore we
-! ReSolre. Thatwe are equally incapable
Of tlsroyering;its beneficial effects on ag-
riculture;. since The obvious consequence
of its adoption would be, that. the farmer
must give more than he does for ALI he
buys. aud receive less for all he sells.
Resoiued, That the imposition of duties
which are enormous, aud deemed by a
potion Of the people to be unequal aud
unjust, Is dangerous, as it encourages the
practice Of SIN juggling.
> Resolud. That, in our opinion, the pro-.s
posed tariff, aud the principte 6diti which it
is avowcdly. founded, would. If, adopted, !.
have tendency, however different may:
be the motives of those who recommend
them them, 10 diminish ,her.industry, i'm :.
pedp, the prosperity, and corrupt the NOR
ais ofiht people. /: :.!--. 2. ~ i:sE.,
:. We find in the New York Herald letter
ifpm its New Orleans correspodent refer
ring te some,of the, befe fciaries of the great.
Wing measure OF relief--the Bankrupt
law. II will be recollected that James
Walson' Webb, The godfather of The, ,whig,
party, was the frst who "wentthrongh the
mill."- Young Hickory 49,,
y"Ete celebfhted case of the City Bank !;
vs., Thomas Banks,who few years ago,S
who was lookediupon as a ,a.miilionaries has:
al,last been decided by the. Judge Of the
District Court; declaringnhim 20, be guilty
Of gross frauds and wilful concealmento!
property, ahnuling his; certificate Of bank,
rup,cy, andrendering judgment ia favor Of
the plai1tiff for SI000.000. He is one oc
the maHy,individpals here who took ad :,
vantage ofthe Bankrupt act to secure TO;
themselves immense estates by fraudulent
bankruptcy, aud who are now openly fliv-,
ing: in ;extra2agance ON their ill-goiten.
gains, in. defiance Of all law, and good,
order. Since this decision, il is whispered
several large suits will be commenced,
forthwith against certain cotton .facrd41s
and merchants, whose large estates Awin-
dled;in!o insigni6cance under the operation
osthe Bankrupt laws"
Printing 0Gce.-When DR.. Franklin,s
mother in law frst discovered lhatathe
young man had a hankesing. for her daDgh-