Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-12-10

mos believing M concentrating tariffs against
foreign nations, but in the reciprocal free trade
with all-thus enabling, Our farmers AMI plan.
tiers To sill their products icr cheaper foreign
manufactures G thing more ior what they sell.
and paying less Tor what they purchase in ex-
change. II seems strange, that while the
prodt al agriculture from To > pcrcSnt.. thai
OF manufactures Is more than double. The
reason l., that whilst the hish du,cs secure
ncaly a monopoly of the home market tn the
manufacturer, the farmer and planter are de-
psiNed To great extent ot the foreign market
by In SC duties. The farmer and planter are,
To great extent, Forbidden To buy in the for.
ci,n market, and conIincd To the domestic ar
ticlCs enhanced in price by the duties The
tariff Is thus double benefit To the manua,-
turcr, aud "a double loss To the farmer and
planter benefit To the iormcr, in ncsrl,
monopoly oi the home market. aml i'm en-.
HANGED prices ot their iabricS and loss 10 the
latt r. ia the payment of those high prices,
aud IN total or partial exclusion from the Tor
eign market. The true question l.. whether
the farmer and planter shall To great extent,
supply our people with cheap manufactures.
purchased abroad with their agricultural pro-
ducts, or whether this exchange shall he Tor
hidden by high duties on such manuia cturcs.
and their supply thrown, as Il monopoly. at
large prices, by high tariffs, into the hands of
The number of manufacturing capitalists
who derive the benefit from the heavy taxes
extracted by the tariff from twenty millions
OF people, does not exceed ten thousand The
whole number (inCluding- working classes
engaged IN our manuiaCtCr's) deriving any
benefit from the tariff does not exceed 100
COO, OF whom not moro than 10 900 have been
brought into this pursuit by the last tariff
But this small number oi 40 600 would still
have been in the country. consuming our
agricultural product; and in the attempt TO Sc
cure them as purchasers, so small in number.
and not consuming ne-huli in supply OF many
counties, the farmer and planter are asked To
sacrifice the markets of the world, containing
a population OF eight hundred millions, dis
abled from purchasing our products by our
| high duties on all they would sell in exchange
/ The farmer and planter would have the home
market without "a tariff; and they would have
| the foreign market also To Il much greater ex-
tent but for the total or partial prohibition of
| the last tariff
We have more fertile lands than any other
nation, can raise greater variety of products,
and II may be said, could feed and clothe the
people of nearly all the world. The home
market, of itself, is wholly inadequate for
such products. They must have the foreign
market, or large surplus, accompanied by
great depression in price must be the result
The States OF Ohio, Indiana, and Illinois, il
cultivated 10 their fullest extent, could, of
themselves raise more than sufficient food to
supply the entire home market. Missouri or
kentucky could more than supply it with
hemp, alrcad' the State of Mississippi raises
more cotton than is sufficient for all The home
market; Louisiana is rapidly approaching the
same point as 10 sugar; and there arc lands
enough adapted to that product in Louisiana,
Texas, and Florida, 10 supply with sugar and
molasscs nearly all the markets of the world
II cotton is depressed i'll rrico by the tariff, the
consequence must be a comparative diminu-
lion OF the product and raising in It's place, to
great extent, hemp wheat, corn, stock, and
piovlsiohs. which otherwise would be sup
pied 10y the tcemiag products OF the West.
The growing West, Ill series OF years, must
be the greatest sufferers BY the tariff in dc priv
ing them OF the foreign market, an that oft
cotton growing States. We demand, in fact,
Tor our agricultural products specie iro m near
" all the world, by heavy taxes upon all their
manufactures, and their purchases from us
must therefore be limited, as well as their
$ lies TO us enhanced inprice. Such deman
tor specie, which we knew in advance cannot
be complied with, is nearly equivalent TO
decree excluding most of our agricultural pro-
ducts from the foreign markets Such is the
riSor OF our restrictions, that nothing short of
famine opens freely the ports OF Europe for
our breadstufts. Agriculture is our chief en-
plOyment; II Is best adapted 10 our situation.
and, if not depressed BY the tariff. would b..
the most profitable can raise larger
surplus OF agricultural products and greater
variety, than almost any other nation, and at
cheaper rates. Remove, then, from agrcu.
ture all our restrictions, and, by its own un-
iettercd power, ii will break down all foreign
rgS frIH a,Nsl l.
would iced the hungry add clothe tho poor of
our fellow men throughout all the denseIy
peOpled nations of the world. But now we
Will take nothing in exchange for these pro-
ducts but specie, except at very high duties:
and nothing but famine breaks down all for
elGn restrictions, and opens for time the
ports OF Europe to our brcadstufIs. II, on a
reduction OF our duties England repeats her
corn laws, nearly all Europe must follow her
example, or give 10 her manufactures adyan-
tagcs which cannot be successfully encounter.
eel IN most of the markets Of the world. The
tarii did not raise the price of our breadstuils:
but bad harvest in England docs--giving us
Tor the time that foreign market which we
would soon have al all times, BY that repesl
Iot the corn laws which mnst follow the re-
duc,ion OF our duties. But whilst breadstufls
rise with bad harvest in England, cotton
almost invariably falls; because the increased
sum which, in that event, England must paw
ior or brcadsiuiis, We will take, not i'm man
uiaciures, but only in specie: and not having
At to spare, she brings down, even to great
eXient thc price of our cotton. Hence the
result that bad harvest in England reduces
the aggregate price OF our exports, often turns
the exchanges against us, carrying our specie
abroad, and iniliCting serious Blow on orr
prosperity. Foreign nations cannot for a
series OF years import more than they export
aud II wc close our markets against their i'm
/ ports by high duties, they must buy less of
our exports or give a lower price, for 10th.
] Prior to the Both of June, 1912, a credit was
/ given for the payment Of duties. since which
date, they have been collected in cash. Be.
lore ne cash duties and the tuuii OF 1912. orr
trade IN foreign imports f,-expor.ed ebr1ad a.
/ iore large and profitable employment 10 ON,
merchants, aud ircgh, to or commercial
! marine, both Tor the inward aud outward ,oy.
age, but. since the last larin thistfaI, i,baino