Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1846-07-09

ton ot pucc lsj i.cu tho crcaicSt --
Those duties. B, ig sud now amounted
tn two and three hundred PER cent, nd
volorrm And vhyl Because ihcv
were fixed specific duties. They n.
manned stationary, however prices
might change aud, of course. ~ tho
prices went down the duty tore a large
and still larger proportion ci A. AtGrl
the duty was, say, hpltthC purc ot ,hc
article, as tho pt'cc declined, the duty
brcauc equal tn thc price, then It b..
come greater than the pucc, then dou
~ the price, and NJ length, ucbic,and
then gentlemen exclaimed ~ horror,
w hat m Accountable duty! u ~ three
hundred per cont. or the total value oi
thcartclc' What horrible truhtSi How
thr duty mus, RAISE the rucc" when,
all the whlc, the duty remained the
Same, aud It's effect had been, not to
Increase, but to bring down the prlcc
Just 'itee hundred per cent. from -
cents devil to seven and half cents
PER yard,nnd this was ROBBERY and plum
der Aud still the gentleman SAID 10
was nu nb,urdItv, which, no man could
swallow, 10 say that lhcm vhCr the pro
tcclIyc duty. the lower tn" prcc. Now
Mr. ). would venture to- say, that the
duty on iron and It's manufacture
were Increased tomorrow 2 bundled
T,ur oou,, tho rnpid rush Of capital into
that business, una ttv v0'i increase oi
supply would lie such, and tho conse-
qurn, reduction Of price SO grcn', that
the | States would soon supply tho
world with iron, lis capacity Tor It's
production being unlimited. lie Ind
stated facts, showing that high duties
had produced low prices. Can tho
gentleman deny them There they
stand on lmpIoguablc foundation, firm
a, thc hills Let the gentleman and
hS friends diSprove them MS they can
That such is tie practical operation of
the system is fully established by the
fact, that whilst manufactures OF VAN.
ouS kinds had declined u onc-lourth
of their iormcr price, agricultural pro
ducc and the wages Of labor had mn
dcrwcnt little or no reduction, owing
to the constantly increasing home dc
maud for l9,a resulting rom the pro-
loctlve policy.
But he wishes to be understood cor.
rcctiy. Mr. 5. did not say that the Of.
feet of all duties was TO diminish phi
ccS; on the contrary, he did not deny
that It was the effect of some duties 10
increase price But whit ho 'old was
+ thls that duu., levied on muc.,s We
could make, 90 the tcnt Of our own
wants, and with view TO protect our
own manufactures, did in all cases OPP
, crate, III the end, to lower prices, by
increasing capital, competition, and
supply. Duties imposed on foreign
articles which we could not make iol
ourselves would generally increase III,
, prices, because they did not increase
the supply by increasing home compc
e uuon. HIS position was tins: dunc
icriri lOr rcreHue on articles Wc Gamma
jro!uce ucJeas,d prices ,rh,itt yrottciic
dphtS, iertjd on ar ici,i 'oe cal and III
5 yroi4oc dtmtrisk,d prtCe The truth 0
e OF both these propositions was provcc
! 10y undcnlnbIc facts, and by all cXpcIt
/ cucc And the reason was Jusl as ob
vIous rs tho fact. When the supply o
20 an article was not equal 10 the dcman,
y hc admitted the immediate effect of
e high duty might for the moment in
crease the price and profits of It's man
BE- ulaclurc, but tins very Increase lndu
ccd capital to rush INTO II, and the con
petition and increased supply result
!, mo. soon brought down the pIcc IN
d profits 20 the lowest rates, proving H.
d truth OF the proposition, that the hIgI
20 cr the duty, the lower the prIcc' II
j. imposition Qi a duty on All article ~.
e duced here, gave an impulse TO Amc
e. lcan enterprise; the machinery employ
)i cd IN IT'S production was studied an
u improved; an increased supply was Ill
~ natural consequence and incrcnsc
IT slppIy, while the demand RENAME
n the same, musthlwGys diminish prlce
r. Would the gentleman undertake to Il,
r ny that the proportion between d,
- llbllIu NI' "''I'S - r''"''N "a St4 Ah
IS $. hardly tDo4ght that he would 2
DE- 50 Gar rs that But, as the gcutlema
j. had assorted that duties raised price
=" he was bound to prove the Truth Of hi
y position by quoting facts. The mn
3 vino asscr'ad II thing 10 be n fact WI
- bound 10 PROVE II, IA court or out ,
e. court As lawyer the gcurema
H. knew tins 10 be- so. Now, Mr S. cha
Icugcd the gentleman to put hls iug,
lc on one solitary case where his assc
as ton was '.ue What one protcctC
ie article, the product oI American SKI
" and industry, had ben permanent
ns increased N prlcc, after the dutr
Of however high, had been fret impose
III for It's protccuonl Mr. S. challenge
o. the ccntlcman and oil hi friends
at point out oHs Name and article
u piu or ancc "hc -.unou.l hn