The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-08-20

advocates of protection should generously step for
ward and show their horror for direct taxation by
purchasing the foreign fabric although they assert
they could obtain good article Of the domestic
manufacture, and get II hs amount Of hs tariff less
than they would pay for the foreign article.
The inevitable result of the doctrine Of Mr. Gree
ley, and OF the gentleman from Pennsylvania, mr.,
STEWART, that the "bigher the tariff the lower the
goods Is direct iaraiioai and, as honest men, il Is
their duty TO proclaim this result well the other
TO their supporters. Both these gentlemen undoubt
eddy express great alarm at the idea of direct taxa
ton, and yet they seek 10 establish system which
they assert will produce a result ending In direct
taxation.
While upon this branch of the subject, beg
leave, Mr., Chairman, TO adduee some authority
which | trust will not be without its influence with
The wing party, as TO the effect Of a tariff upon
prices
Mr. Clay
THE exporter Of article II he invests its proceeds
such as when brous home can sell with
fair profit and consequently The ws.id pay As
speeches Of Henry Clay BY Greeley saeEfsts. lsai
Again;
"If there any truth in political economy, cannot be
that result will sgree with the prediction for ias
in proportion the reduction Of Il. price that in gen
era, II may be taken rule haf tAs day article
oras portion % 10 price Same volume, page "a
mr. wooster ~ le2A
"our whole annual consumption Of this article Qrou)
supposed by the chairman Of the committee be Is 900
10000 tons. Let suppose the latter The Of
manuaeturr he estimates think q, n 900 The
present duty s24 the imported article ID SIS per
Ofs price Of Iangaefps the whole increase Of
price equal 10 $4,000 annually. THIS sum pay
material and upon absolute necessary OF life The
bill purposes raise the duty from sl5 s22 per
which would be equal TO sll2boo0 the whole annual
consumption So that suppose the point Of prohibition
which Is aimed at BY some Fentisms to be attained the
esnsuss e ne srfie, could Pay this aforementioned sum
every the produceu Of H. and aboss ths price
AZ which they could supply themselves with the Sr
Gle from other sources"
Extract from the report Of John @ adams in 1882.
The doctrine that duties mpos cheaper The price Of
the ARTICLES upon which they levied to conflict
bounty premium 10 the domestic manufacturer But by
whom paidl Certainly by the purchaser Of the article
whether Of ioreisn domestic manufacture The dHy
Stui'G part Of one price " hs whole Of the articles IN
HErkst substantially paid Upon me article Of domssf
mHHtaeie, HsV,h as upon that Of foreign production Upon
the one soUsrr-dpon the other suEDrS; and the re
peal Of thstax must operate a. an equivalent reduction Of
the price Of the article whether foreign domestic
. The general and permanent eject must
be to ne price the article TO the extent Of the adj
dtonsl duiyj and II isthen paid BY the eorislmsr."
But the point presented by the members upon the
other side Of the hall is, that prices have fallen dur
ing the last twenty or thirty years. That is very
true Mr.. Chairman; but how can IL, with truth, be
ascribed to our protective tariff Prices have fallen
throughout the world.
begin with the following table Of prices Of GER
tain articles Of hardware 10 England: