The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-09-21

The importation OF these articles In Is42 was very
small compared with that Of s4l. In many instances
the falling of reached more than fifty per cent Cotton
yarn sacoes, both plain and printed lace goods shswl
SC in very small lots compared with the receipts
for the previous year. This Large decrease caused
by the tariff that went into operation in that
year. and the reduced movements Of the banks,
principally BY the high value Of money and the restricted
circulation Of paper money In s4s although the same
tariff in force, the movements Of the banks were
extended, and the currency deprecated to
greater extent. This enabled the importers to or
der more goods az prices advanced with the do.
probation in the circulating medium. For the FIRST
six months of ls4s We find our importation Of many
articles nearly large that tor the whole of the
previous year. and the frst six months Of ls44 shows
still grsssr increase The mportstions into the United
States from Great Britain for the first months 1874
have not been large in proportion those for
ls4l The quantity Of cotton manufactures imported
from Great Britain in lsaI than four times the
quantity imported so far this year The importstons
Of calicoss and lsces that year enormous, being
larger than for any previous year since 1886.
Our importstions have not increased this year fast
from Great Britain from France and other continental
nations Our own manufactures compete with those
Of Great Britain than those Of any other nation We
manufacture cotton yarns, thread, dimes qniltings,
ticks, calicoes beth plain and printed cambrics lacss
&C. shswls tapes gnghams, 60 &c. very extensively,
and supply very large per Of domestic
This has reduced the value Of imports from Great
Britain. We haze not yet reached that perfection in
manufacturing articles similar to those produced in
France and other parts Of the continent to enable
meet the manufactures Of those nations successfully in
our own markets All that required to enable do
so il restricted currency, moderate tariff with dis
ordinations for protection. We want particularly,
stricted currency, currency brought Down specie
standard without which any tariffs almost useless re-
stricsd currency will do that which any arG two
political parties Of the day woald agree to pass cannot
do and that IT, reduce and conHne proper limits Our
foreign importaons The present tariff act was passed
for the purpose Of preventing large importations Il
was passed to protect our manufactures by shutting
out foreign goods, and leaving our home markets
TO be supplied by home manufactures. II has not
worked anticipated The mportations for ls4l thus
far, show that II requires something than a
high tariff to close markets sgsEs foreign manuiac.
lures. The supply Of any article OF merchandise de
Ponds almost entirely upon the state OF prices in the
ks' where sales made for consumption. Prices de-
pend upon the value Of the circulating medium II the
circulating medium is principally paper, prices must be
high higher than in those countries where the circua
ting medium is mostly Specie or not above aspecie stan
dard- papcr currency here and specie currency in
Grea, Britain wonld enable the British anuacurer to
send his goods 10 this market and sell them OF profit
whereas were the currencies Of the tive countries on
psr, the asig would come in with it, influence, and sh