Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1845-01-18
TO THE EDITORS.
NEAR PHrLADEIrHIA. JANUARY 10, 1874:

do not imagine for momert that wise Congress will
disturb the Tariff of 1912, because it is apparent to all
practical minds that operates beneciay upon all branches
of business throughout the country and at the time
is equally apparent that competition among manuac-
gradually cheapenng prices The average prices of
all articles, whether foreign domestic, never lower
than they now and is demonstrabe that prices would
be yet lower, provided domestic competition in manufactures
be increased He (whether he from South Carolina
any other Stae) who strikes the tariff strikes his
erests and the interests Of this entire Union Tariffs never
did, will enhance prices, which always regua
ted by supply and demand BY sustaining the tariff you in
crease the SUPPLY and by consequence, prices reduced
What motive has the honorable Mr. Burr. of South Carol
ma for reducing the duties baggng and bale rope The
mporaons Of these articles since the tariff Of 1912 have GER
tany been lighter than formerly, bat prices have avanc
led On the contrary, the average prices materially
lower than they before 1872 The of the de-
cline in prices is obvious have increased the growth of
hemp and its manufacture into baggng and bale rope and
present unexamped low prices ascbabe to the Tariff
Yet member Of Congress- and probably cotton planter too
proposes to reduce the duty these articles, if that would
lessen prices II is passing strange that people should be SO
deluded to the effect Of the tariff and that any of the cot
planters should be Of opinion that lessons the value Of
their great staple is to amazing The late great decline
owing the immense stocks throughout the world in the face
of the largest crop grown in this country By last
counts from Europe the stocks of American cotton were heavy
beyond precedent and prices lower than known before.
They quite low in this country but would be lower
than European prices consumption OF the raw material
was not gradually increasing But for this, soemny be-
eve that cotton would be least cent per pound lower
than IT, If the cotton States desire better prices for their
staple they should uphold the present tariff, make il pema
nen and then there will be increased demand for cotton
ren,reruinu pces An these things practical men at
clear as the sunbcams in the heavens; they certainly
qae clcar 70 my mind though am neither manuctuernor
planter. .tF
Gent TO prevent excessive imports the rise Of foreign
change above par and consequent departure Of specie In
last report Of the Secretary Of the Treasury he that for
the year the exports exceed the imports about three nil
lions Of dollars He has made up his statement from the
turns Of the collectors Of customs, but it acious Had
exports nettcd the cost value in this country, exchange
Europe, instead Of being above par would be below par
Tho truth is the loss foreign shipments of cotton, &c for
the last year has been very large, from twelve mil
lions Of dollars and therefore exports fact less han
imports and hence the advance Of exchange and p-
ment of specie to Europe. When exports and imports
equal in amount IN point Of fact not treasury reports foreign
exchange Is always about par, say nine per cent preum
As leading articles Of export viz cotton and obtcco,
have deprecated in value very much appehend the amount
of exports this year will fall far below IMPORTS and THAT
event specie will leave the country in vast quantities Any
country must grow rich by exporting more than imports 50
any country must become poor by importing more than
ports Break down tariff and this country will be
muoyershed But have idea that the people will pe
nit the prostration Of wise The foregoing
factr figures and comments not thrown off under the W
preston that Congress will alter abolish the tariff but
ply 70 keep the protective policy and it's saIuay operation BE-
fore the people. sg0, aasa A vfRGINIAN z
hsuARr 8, ls46 MS 8f4 u4a pisaiat,i