Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1844-04-25

pe ~ consequence of this tariff duty. l
"a'e selected, as the object of that dutv.
an article (coffee) which does not come
ILL., competition in the market with any
=. arucie produced by American soil
;a. ,aoor; But sir, by taking as the OBJ
Jse' y, 'he duty an article which does SO
s0''e IN competition with our own man.
SS,"c1ufes' the loss to the great body oil
ne people will, as | Shall Show. be ,e,
greater by far
10 make this plain, will take sin.
gle article. as before. will su ,nose a
'armef TO buy for his own use six Yards
OF broad cloth year. Of the same quail.
y ana at The same price. will sup.
pose that price to be. at this time. five
collars per yard, the six Yards costing
MN therefore, thirty dollars. will
suppose one yard Of this cloth to be OF
foreign manufacture. imported into this
country. and the other five TO be manu-
factured in the United States. | will
suppose that the government, in order To
RAISE revenue, imposes fer the future, a
tariii duty OF one dollar on the yard of
foreign cloth, which dollar NOV entering
mo and making one sixth par, of the
price OF that yard of cloih, makes that
price, OF course six dollars. Now sir.
one OF these two things must certainly
happen; either this yard Of cloth sosH sell
at th's increased price of six dollars, be-
cause the necessity of the farmer will
compel him 20 buy it, or it will not sell.
because the farmer cannot afford to buy
1T II 1t will not sell at this increased
price, then it IS manifest that the GOV
eminent will not get this additional dol
lar OF the tariff duty, and therefore get
no revenue. But if this yard of cloth
'caH sell at six dollars. so will the other
.Jlve yards, being Of the same quality, sell
at SIX dollars per yard, for the same rea-
Son; and Tor the same reason, too, the
American manufacturer of the FIVE yards
will ask six dollars per yard for it, and
the farmer have to pay that for it-thati is
to say, the farmer will have to give for
the six yards, instead of thirty doIars.as
before the tariff duty was imposed, thir-
ty SIX dollars, together with the mer-
chants interest and profit upon the six
dollars which has been by the operation
pl this tariff duty added to the cost ct the
cloth to him before he sells it to the far
mer. This interest and profit amount
together, as have shown in the case of
the coffee, to at least thirty-nine and
third per cent, the interest being six,
and the profit thirty three and a third
per cent. And these added 10 the six
dollars will make eight dollars and thir-
ty-slx cents-the amount the farmer is
compelled to pay for the six yards of
cloth over and above what he did pay for
the same quality and quantity of cloth
before the tax or duty was imposed
of this eight dollars and thirty-six cents,
the government gets but the one dollar
which it imposed as duty ca the yard
of foreign, and out of that dollar, as was
shown in the case of the coffee, ten cents
goes to its officers and agents for coIlec-
lection, leaving in the treasury but nine
ty cents Of nett revenue. If, then, TO
get ninety cents Of net revenue, the gov
ernment has to impose burdens on the
people to the amount of eight dollars and
thirty-six cents, what burdens must it
impose to get three millions of net reye-
nue.?
Upon this particular point will say
nothing more than to read an extract
from one of the money articles Of the
New York Herald. But | cannot do
this without remarking, in justice to the
author of :hose articles, that for year
or two past, they have in the general,
displayed a very uncommon industry
and ability, and greatly aided in displa-
cling error and exposing the frauds and
corruption with which the country has
been 50 long afflicted, through its corpo-
rations, its currency, its stockholders,
and paper mongers.
The article proceeds:
There are in the United 5000, 900 of
active people employed in the different
pursuits, according te the hate census
OF these, 10 per cent, or 100000. are
employed in manufactures Of all descrip-
tons. These people want the remaining
100000 to pay additional taxes for
their exclusive benefit; or in other words
they wish TO compel then. to buy only of
the manufacturers in this country. BY
turning to the census table, we get the
value Of all the goods manufactured in
the United States. To them we have
added the value, Of the same article i'm
ported IL the same year, forming the fol-
lowing table:
Manufactures Of The United States and imports
of manufactured goods in 1859 and $40.
Manufactures. Imports
WOODEN, $50. 969, 999 $685. s46
cotton, IS 350,453 6.504, 4S4
Silk, 1884 10,011. $50
Flax, -1@@,2oo 4o3,3 IS