Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1846-09-08

furnishes the following startling facts:
"ILe value of foreign merchandise
imported here, and the amount OF revenue
received at our custom house are not 8.
great as they were ten years ago, when
the population of the city was one.thirs
less than it is now. The mass of mercan
tile capital is confined to the Northern
ports Of our Union--and the act of 1s4ls
prohibits, in the most effectual nanner
men of limited capital from engaging in
the business Ofimportation; al least, men
OF this description would be ruined by
continued competition with inividuals ana
corporations, who can raise millions by a
dash ofthe pen"
We believe that the great measures. the
Tariff, the Independent Treasury, anu
the Warehousing System acting together,
will produce most favorable result in the
financial and commercial policy of the
country. The able and elaborate reports
otthe Secretary of the Treasury, brought
out by the calls Of the protectionists, have
shed flood Of light npon the great qucs
ton of revenue. They will open the eyes
Of great many consumers of goods to thu
heavy taxes they pay indirectly every year
ior the support OF particular interests
mis- fact has been mistifed by the arts OF
the tariffites. They contend that prices
are lower, and that it is owing to the eff
fects Of protective tariff-but they caa
llously keep out Of the view the stead,
Improvement manufacturing machinery
ana other causes, producing gradual re.
ductlon in the prices of manufacturer
ABOVE a., they put aside what is the true
test of the effects of protective tariff
VIZ: the enhancement of manufactures
acre over the maket prices abroad. To
THIS extent are the consumers taxed tor
the support of manufacturers. The Ire ct
tariff eorrects much ofthi> evil, and utter.
~ abolishes the fraudulent system of mini-
NUNS and specific duties, so pregnant
with mischief. According to the pres.
ent bill, every man pays in exact proper
portion 10 the value of what he consumes.
Under the tariff of 1916, the poor paid as
much taxes as'the rich, though the fabrics
ne consumed were vastly cheaper and
eoarser. The new bill, then, will do
justice to all classes. While il may re.
duce the heavy profits af the capitalists,
1t still gives them an ample protection.
With industry, economy and energy,
we believe all our manufacturers can sus.
tain themselves. The cnterprising spirit
and charcter of our people will be able to
cope with foreign competition. But to do
so, they must quit the politial field. IN
stead OF raising ''panic'' and crying out
for the ''repeal ola measure, which ought
to he and will be fairly tried, let them
trust to their own energies and to the aid
so literally bestowed upon them by the
new law.
The Independent Treasury will give
liability t" the currency, and render the
amount of imports regular and unyerying
1t will check the immense Imporlatiuns,
which are the fruits of an inflated and de-
precIatcd currency, and will also have a
tavorble effect upon the manufacturing
Interests, as it will cheaper the price OF
production. While then, the Banks, from
loss of the Government deposits, may
De unable to grant large accommodations,
the deficiency will be supplied by the op.
GRAFTON ofthe Warehousing Act. which
gives TO each importer the privilege of
storing his goods until he has sale for
them, and Of retaining in his business the
amount ofthe duties now paid in cash.
This last act, moreover, will give a fair
opportunity to the merchant Of limited
means to compete with the large capital.
lists, who now control and concentrate the
whole business. In this particular, il
will exert, we doubt not, most beneficial
lntinence upon the South, which is now
nothing but tributary to the immense
capital ofthe North.) These great finan,
cial measures. therefore, will act together,
and will give avigorous and hea thy pros.
Perity {" The whole country. Their united
action will benefit the Government and
nnthc interests ofthe country, ia produc.
ing regular and stable course of trade.
we hope that they will have a fair trial.
Ihe people have demanded it and the
manufacturers will find 1t to their inter- SIS
TO accommod a te themselves 70 the new
system.
h0 4 - N ~ u T.