Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1844-09-05
The Tariff. Its Effect OH
the Home Market, &C.

II the home W9fkeu, &C.
Il by the last steamer from England we
are advised that the stock OF American
cotton was immense, and the average
sales, according To our calculation, did not
nett over seven cents per pound. Amer
lean -four is quoted al nineteen shillngs
per barrel, and the duty up to los. l0d
or nearly So so rer barrel. American
tobacco was low; the stock in the king
dom about twenty-five thousand hogs
heads, which, if consumed there ( and
nearly the whole oft will be, will yield
to the British Government about twenty
millions of dollars, the duty being three
shillings per pound, or about ight hun
dred dollars per hogshead. As, accord
ing to these facts, we cannot rely upon
fore On markets, let us for a nome ut turn
have done for the llllers of the soil in
every quarter for the last twelve months
/ ln consequence of the salutary opera
ton Of the tariff of l842, the home mar
kets for all The products ofthe earth have
heen tor year past and are now higher
than foreign markets. Instead Of about
three hundred thousand bales our own
manufactures have taken for consumption
about four hundred thousand bales Of cot.
ton, at an average of about nine cents
per pound-a fair portion having been
bought during the first four months OF
the year. at prices as high as ten and
eleven cents, and while prices were from
twenty to thirty per cent. lower in Eu-
rope. And, even now, when prices have
declined materially in this country, ow-
ing to great decline in Europe and a
larger crop than was at one period an,ic-
iPated, our prices Of all descriptions of
cotton are above those Of any market out
Of this country.
These facts show the vast importance
Of fostering our manufactures. If this
country had during The last twelve
months consumed eig ht hundred thousand
bales of cotton instead of half that guam
lny, the planters would have obtained
more than an average Of nine cents per
pound; and it must be equally apparent
to all practical men that one hundred per
cent. increase in the consumption Of cot
'p'i "Ou'u ud'C VIC Su'iIV Idllo
ed the demand for other products of the
coil, and consequently prices Of them
would. have advanced materially. The
crop Of cotton of l842 was about two
millions four hundred thousand bales;
the crop of l343 cannot be known TIL
the close OF this month, but it will be
about two millions and fifty thousand
bales; and the pending crop may be put
down al from one million eight hundred
thousand to Two millions five hundred
thousand bales, according to the wealth
er for the residue Of the season. These
crops have proved too large Tor the con-
sumption Of Europe, and hence the pres
cnt large supplies there and low prices.
II 1his country, without aid from Texas,
Is capable OF turning out at least three
millions Of bales of cotton, which would
be vast deal more than all The world
requires. Now. suppose our bagatelle
lhlrty-two per cent tariff abolished, and
OF course the home consumption of cot
ton cut Oft, do not the planters clearly
ioresee a decline, and probably a mate
rial decline, In their staplel In such
state Of things, Great Britain and the
continent would fix the price, and fix il
50 low that the consequences would
prove disastrous to all the planting
states.
Now, If free traders, whether they
live in the North or the South, the East
or the West, would predicate their argu-
men;s upon facts and figures, and throw
aside theories and distractions, can it be
doubted that they would, yea, every
man oi them, concur with us IN the con-
tident assertion that tariffs do not raise
prices of goods, fore gn or domestic; but
that tariffs do actually raise the prices Of
all the products of the soil, and at the
same time give enjoyment IN many
branches Of industry to those who have
no SOL to cultivate?
There are such small quantities Of
grain and -four exported To Great Britain
that they are scarcely worth speaking Of;
but OF the latter we will say another ord
For the last year the price Of dour in this
County, on the scaboard, averaged from
four dollars and fifty cents to five dollars,
while shipments TO Eng LAND have not
generally netted more than about three
dollars and fifty cents, and the last quo
tatlon (nincleen shillmgs) nets only about
three dollars per barrel
The recapiiulation of all these truths
shows, conclusiveIy, that the tariff of
$40 is beneficial To the whole country
National hieligeneer.
THE KENTUCKY Girls FOREVER