The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-22

This presents very curious results exhibits the fact
that the average duties the total importation do net
twenty cent the lowest average the Senator
from South Carolina contends for The above table also
SHOWS that the proportion of duty paying imports to the
total value does not reach han many
OF which is that imports paying duties
rage per cent not far from thirty three tariff founded
on the equalization of duties on fair distribution of
cent through the whole table of imports without any
more protection than that scale would produce with
gradual approximation to that point the principle
the compromise act with settled and unwavering nd.
herence to that standard when adopted all the trouble.
some details OF this important act will be at rest the sim.
pcy Oh our revenue laws created the expense OF colec
lion greatly reduced and the people in every section
the country relieved from the anxiety and danger
they have existed under so long The people petition and
pie adior permanent policy the part of the general
vernment They have the and ability to thrive
under any settled commercial laws There not a single
interest in this country that actually requires protection
Protection to various departments Of trade and manufa
lures is often demanded and strong influential mea.
ures adopted to favor particular articles but these move
nents come from parties who especially interested for
the moment in that item, for which they want exclusive
privileges and the instant they succeed in obtain
ing the end desired, the increased value of their
property enables them to take immediate benefit of the
result OF their great and dnted efforts for the good of
the country The foundation of many protective clauses
that have graced past tariff acts has been individual
interest disguised under the name of the country rood
No one can deny but that, in the infancy of our manv
manufactures, protection their main stay, without
which they would never have been created On the
Threshold of their advent into the world the fostering
land of government all important and it was LIBERAL
yextended 1t continued its aid until they increased in
strength and power and even up to the present moment
they lean to certain extent on its powerful profit
not support The favors and facilities that we're ex
tended in charity demanded as due The time
has passed by when the government can in Justice to all
sections OF the Union, any longer show particular and
exclusive Partially TO particular interests The good of
the mass does not demand require it, The manufac
turing branch OF industry will advance and increase IN
der revenue scale of duty rapidly safety and profit
require The eastern manufacturers during the existence
Of the bubble made the most expensive and extravagan
extensions OF their manufactures They land out a
schedule of movemenswhich to a certain extent were
carried through-that inevitable ruin The expio.
sion came and such the result Articles of manufac
ture that few years previous required the greatest pro-
lection, could the value of property and the
line Of expenses reached legitimate level be produced
with profit at the lowest per cent under the COM
promise act This the present position of the country
and so long the value of produce estate and labor
emans at the level in existence the cost of produc
ION Manufacture Will become sufficiently
to enable us to compete with any other nation under
the sun.
operatives are better paid than those of any nation
in Europe. The female operatives of Lowell have more
than 100000 in the Savings Bank Sixty thousand dol
lars OF the capital stock of the Mddesex Mills owned
by operatives who daily labor in the establishment This
shows the advancement of our manufacturing interest
and more favorable state could hardly be imagined.
senator McDutte's proposition is of protective
character than the political principles of the party he
represents will warrant He advocates discrimination so
far can be applied to those Injuries the consumption
If which is confined to the wealthy classes This shows
inconsistency that not general advocated by the
friends of revenue tariff twenty per cent adj valorem
arif admits of disciminatont should fall with equal
weight every article Of foreign manufacture and only
by this just distribution the policy hope to be
established
The Legislature OF Indiana has elected Jas Morrison
be President Of the State Bank Of Indiana for FIVE years
from the expiration of tho time OF the present incumbent
who 10 Samuel Merrill who has been president of the in
tifuoD since its creation
letter to . mercantile house in Baltimore, dated