The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-10-10
WORKING OF THE NEW TARIFF POLICY


We alluded yesterday to the purpose and the ef-
feet Of the more liberal policy adopted by the dem
oeratie party in opening the foreign market to our
vast agricultural produce, and thus creating new
activity in all the branches of business pertaining to
the carrying trade while, at the time, the fab
RIGS Of Foreign manufacture were brought, at redu-
eed prices, within the reach Of the masses Of our
population.
In illustration Of these positions, we make from
wing journals the following extracts, showing the
present condition Of the markets and Of business
| operations at our principal ports.
BREADsruFTs rRADE.-The New York Express,
of last Thursday, says:
"Besides cotton, the great export to England Is OF
corn, wheat, and four and TO Ireland, exclusively
corn. Some idea may be formed Of the demand for
vessels from the fact, that they paying 20 TO "a
cents freight to the north Of Europe for grain, and
IS cents barrel for -four. To Ireland lid. to I'D.
sterling is paid for corn. To Liverpool, IS. a bbl.
for four and l0d. for grain, and to London, IS Cd
This is making rich harvest for shipowners, and
the prospect is, that the demand will continue.
1--WE have rarely known vessels in such active
demand as at present. Everything Of large size
that floats, is taken most readily for Europe. Rye
has been an article Of export for more than year,
to Holland; but there is a brisk demand for
-four, wheat, barley, and rye for the north of Eu-
| rope. For France, also, wheat and -four want.
ed. The French government have been purchasers
Of wheat, in the Market for the army in Algers.
From present appearances, the continent of Europe
can furnish no supplies Of breadsuffs for England.
Indeed the demand is greater for the continent than
for England.
"The increased supplies Of produce received at
tide water, through the New York canals is truly
wonderful. Since the opening Of the canal, there
has been the following excess over the receipts for
III rtnd Qltl
Increase. Total receipts.
Wheat s9l 1856 bush. I,s67,sl6 bush.
Barley, l06,7 {" 347842
Corn, l,l26,7lS 4" l,l55,654
"The whole receipts Of corn last year were only
2S, 1886 bushels.
THE present advance of price on all breadstuffs
will induce great shipments. Farmers will bring
their crops market speedily as possible. Wheat
and -four will be the great articles Corn from the
western States cannot be shipped before the closing
of the canal"
So much for the working Of our new tariff policy
upon the agricultural interest. The country can.
not forget that but for the frmncss and sagacy of
the democratic party as shown in the legislation of
the last session of Congress, the oppres tariff Of
1912, Withholding from the English merchant an
opportunity of sending his goods 10 the American
market except under an enormous taxation, would
have laid like an incubus upon the vast and valua-
BILE trade, and the increase Of prices and Of reghs
which the above extract indicates. 1t is obvious
enough that the prosperity Of the agricultural inter-
est among us-being it is the great basis interest
of the country-almost necessarily involves and i'm
plies the prosperity Of other interests. The tilers
ofthe soil, are with us the great mass of consumers
They buy according 10 their means. An increase
of price in their productions is felt therefore at once
in their increased purchases from the merchant and
from the manufacturer. 1t is surprising, there
fore, that in connection with such statements of az
ricultural prosperity, as we have quoted from the
New York journal, we find similar announcements
pertaining to other branches of business such as
the following which we quote from the Baltimore
American OF this morning. 1
"AMERIcAN COTTON AND wooLLEN Goops--There
has been an increased demand during the past week
for all kinds of domestic goods. The stock of brown
goods is very small and there is prospect of an
advance in prices. ~ 81 -.
"lRoN.--There have been no large operations this
week and prices are without change but there is
rather more frmness. at,1
"The money market is easy, and loans are made
on good stock security at per ct there is little
good paper offering on the street-rates a per
cent" X .-,. ~. "a ".. sr,.... ...t~
Such is the RUIN which the democratic tariff policy
has brought upon the country