Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1846-01-17
~ The editor is absent.
PRICE OF BREADsTUFFs.

j
PRICE or BREADsrUFFs.
The sdvocstss Of = high prsssure-ws beg
pardon, protees;se-,arif, are ai,rib.ting The
late rice in breadstuf7s 10 the operation Of "the
tariff as il is." This IL the more amusing -,
among those best informed upon the subject.
the enhanced price has be en- ascribed TO shor.
crops in Europe--as any rate the news from
that county has entirely controlled prices
here. II the tariff has occasioned q short
crop. and consequent demand, in Europe, then
it has increased the prices Of grain hefe-o,h.
erwise not.
Our whig frisnds have mos. happy knack
Of tracing effects TO causes. Prosperity, OF
the signs Of it, is always imputed to their ia
vorite measure, whatever that may be, il it
chance TO be 10 orsration-adversity is a.
sure 10 be ascribed 10 the want Of it. Ia their
philosophic search for the causes Of shings.
the operations Of the great laws Of na.ure-,he
relative conditions Of supply and demand
are left out of consideration, and the ascend.
ency Of wing principles, or the want of it,
rules the elements, controls the seasons. and
sca,tefs prosperity or adversity around. AT
one time National Bank was absolutely es.
sential to the prosperity Of the country, and
ruin and dseola,ion were sure to result from
its overthrow. The Bank was destroyed tho
country prospered-and wing oracles for a
season were dumb. When wild and reckless
speculation. overrading and extravaganza.
brought distress upon the country, prostra.ed
the Stale Banks, paralyzed commerce, and in.
volved thousands in peconisry ruin. whig
prophets proclaimed The re.establishment Of a
National Bank to be The only means Of politi.
cal salvation. By the aid jof judicious coun-
sells the country returned 10 prosperity wihou,
the establishment Of Bank, and wing pre-.
dlc,ions were again falsifed. When Mr..
Polk was elected TO the Presidency, and ma.
terial alterations Of the tariff were announced
as among the measures Of the democratic party,
the voices Of wing prophets again raised the
panic cry Of ruin. and now that. in spite Of that
warning cry. the country prospers exceeding.
y-now when foreign demand gives 10 a
marke, for our readstuffs-presen, prices and
presen. prosperity are caused by the tariff
which is about to pass from existence.
The present tariff is upheld. and ito eon,in.
nance advocated, in defiance Of the indispu.a.
BILE fact 'ha'it has operated mos. oppressively
upon the agriculture: interest, and il tina. in.
terest prospsrs it does 80 in optic Of the tariff
We assert, without fear Of successful contra.
diction, that the agricultural interest would
have heen more hourishing had the present
tariff never had an existence. During the
past year 1.-THE tariff 40 it is" has levied tax
Of e;ghty-one millions Of dollar. upon the labor
Of the country, and Jyty5our million. Of this
enormous sum have gone-nolialo the .reasu.
~ ofthe government-nos intostlls pecksts Of
'aborers-bu' into the hands ofPfo,essa man.
ufacturers. Tho high duties Of the present
tariff have driven the products Of other eoun-
''ies from our marke,s-buyioe but lille Of
foreign nations. We can, of course, cell them
but little 10 return-our foreign market for
agricultural products has thus been broken up
and destroyed-.hs farmer hos been forced to
content himself with such q market az he
conld find at home-and, a. q necessary con.
sequence, the prices Of our produce arc less
than they would have been had the operation,
Of no unjust tariff been allowed to circum.
scribe our market.