, 1844-10-05

W"oIens, advanced in the early part
OF the season, about 25 per cent.
tut have now gone back 10 per cent.
Fine Cloths ioId their own. Brown
%shirtugs and shecting are not much
lower than they have beer. saw I cent
per ward, but Cotton goods generally,
including Drills. Prints, P;ptaIoon
Stutts, Checks, Fpstiahs' &c. &c.
ale gradually declining. as MIGHT tie
expected. tie raw material haviag
fallen three to four cents per h. since
January. French goods, although
The u" Ks arr large, aye more finn,
French importers er.ncIng much less
anE'ttv To sell than the En- ISL.
: me goods Sent cut here from
ENGLAND. for sale have been re-shiC-
ped and many orders have been cour-
demanded. II the RESENTMENT goes
20 any considerable ex'rcr, stocks
here-Will tie reduced sufficiently Ia
give h'mnesS to prices The pack
ct now arriving bring a large pro
portion of bulky articles of freight,
Src' - coal iron, The shipments 81
vatuah!e goods having been a%'criaI-
Y checked. We are glad to known
that such is tn" case.
Th" f~o'e,",ng business article from
Il leading Wig prperin New Yo.k'
>ho"s how the present. high tariff ha
operated aud what are likely to be It's
effects upon not only the manuiac-
tnrerS themselves. bat tho business of
the country. generally. We subjnin
tie following sensible remarks on
this subject, taken from the Hartford
Tine<:-R"p"rter.
The passage Of this hinh tariff
brought three interests iEt) The mar
ket, with an unhealthy zeal. and they
have brought about he present state
nf things. "rhe end Of which IS not
vet ior the difficulty is hut Just
creeping from the large cities. and
working itself out among the indusrri
al classes. and the manufacturers
| themselves. TIE three interests are
those Of the heavy importers, the Bri
tish cunSlgnur$. and the home manu-
,iacrurers. Al have Deen piling up
manufactured goods to the very
"hrin" OF the market. and al must
ere long su'ler from the stagnation
and low prces which mus, frllow a
large surplus of goods. hanging ike
I dad weight upon the market
Will the pawct their first COS, is de-
handed. and specie is gninGou of the
counrrv II rect 'hrse r!ams.
TIE value OF the dutiahIe merchan-
niz. imported into New York in III"
mort : OF AUGUST alone. WAS within
Il faction II ten m'll''nS ct G"Ila's!
Tie avtra-e duty on 'hP>c "o"i, W.
33t per cent. The irportari"ns Of
rhr fi,ciaI v"ar will amount TO about
$4,000 coo more than those of the
last wear. Tie cHce>s oil impnrta-
Toms. during he last eight months.
over * ncrjuirns. is SIS 900 900!
During tins time. ag%riruttural products
have teen very ow. Mess Beef.
quoted N tic n. Y. market, 1910. att
SIS - k'rrcl. VAS cnite recent, quot
I'd At $3.50, aud SO with other arti-
Giles.
These fr"is move that a sprcula,
tin has been going on in manutictur
ed goods.
What caused il? TIE present high
tarif. which gave spectators to un-
drr>'and that il had the power To keep
up high prices. 1t has led them on
So far. that they cannot back out.
Dot many "I them uust inevitably go
over the precip,ce.
Still the make, is full Of goods
~"verdnMing. The high tariff has in
dured thousands IL embark in manu-
{ cturingrnterpriSes, and every wheel
has been Sc, in melton. and MANY of
them Kept going night and day. The
pre- sue must t'''lV- dlth th'tI tHC
yates 90 down, and the wheels stop.
Manv IaborerS will be thrown out oi
employ. and many who have invest
ed property will lose it. These are
the facts and they had better he I'M
dersiond now. 1t must be known
that this high tariff has created an
unhealthy action, and evil must grow
out Of ii.
Under a Gair and just tariff, as pro-
posed by the Democrats, this system
of speculation would not have exist
ed. But the factories, based upon a
solid i~oundati"n, would have moved
along industriously and prosperously.
Their business would have been per-
manent. and labor would brig its
inst reward. All would have beea
satisfied.