The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-07-18

as being worth 23s SIS 60 the barrel! Really
the English must be taxing themselves very heavily
] for the privilege Of trading with US. Our prohbi-
uonsts are very kind-hearted in sndeayong to aver
40 suicidal a course in them.
We looked this morning into the United States
Gazette, a wing paper published at Philadelphia,
l7th July, and found under the city head the fol-
lowing sale Of wheat, &c, the day previous:
Wheat, 1000 bushels good Pennsylvania red,
brought 80 centsJ corn, So TO SO cents"
"SmP HALcYos.-Below viii be found the
cargo on board this fine vessel, cleared to-day
for Liverpool, which, we believe, is one Of the
largest ever taken from this port, and equals
4 the bulk of about thirteen thousand barres--yiz;
/ IS 500 bushels wheat; 5000 kegs lard; 500 bar
/ Tes four IS barrels cornmeal; l,705 bushels
corn; SO barrels oatmeal 100 hhds. tallow; SO do.
quercron bark 600 barrels rosln; 57o bales cotton
lI5 bales hemp, &C., &c"
The existence OF the sliding scale in the corn-lsw
of England, has been the reason why heretofore
large proportion of the breadstuffs imported into
England have been from countries other than our
own. Our merchants are all familiar with the prac-
tiea operation Of the sliding scale. Thus the ay-
erages are made up weekly from the preceding Elk
weeks sale in all the principal home markets; as
aees advanced duties fell; and at TBS. the quarter
of 4sO pounds Of wheat, the duty was but Is. the
quarter II became the province Of the Spectator
to advance the prices by Withholding from sale the
stock he held, and so soon as his forega supply
could be reached and brought home, to cause re-
action in the market which raised the duties again
and prevented competition. The result, therefore,
always has been that the eve OF wheat being ad-
mitted at low duty steamboats, and other vessels
capable ofmaking rapid voyages were despatched to
Haue, Antwerp, Rotterdam, Bremen, and Ham
burg, and other markets. the granares in those
cities empted and in the course of Eve or six weeks
the market became stocked prices declined, and
duties advanced, so that when the cargoes from the
United States arrived they too late to partici.
pate in the benefits. Free trade in food levels all
these inequalities; the country which furnishes the
cheapest will furnish the supply, and persons of sa
gacity are convinced that the United States will be
that country.
1.-THE senator's postulate is correct that the con-
sumption in this country Of portion of the cotton
crop enhances the value Of that exported two cents
pound, IN that RATIO then, we may expect the ex-
ports Of our brcadstus will raise the price of flour
consumed at home at least a dollar the barrel He
says the cotton planters complain Of low prices, and
takes them to task because they ask permission to
make an exchange Of their staple in those natural
markets which exist for it although they are will
ling for that privilege, to give bonus of 20 to 30
per cent. ad valorem on what is received in return
| He says, no; you must come to New England where
ishe best article. Ifyou trade with England, you will
find Surat cotton component part of your shirtings
Be composed, we say there is no Surat cotton mix
ed with anything that will come back here. Surat
cotton finds its way now to China, and not much to
England. The annual consumption of American
cotton in Great Britain is more than FIVE hundred
millions of pounds; that Of Surat not twenty-five
millions Of pounds. Cotton planters do not CON-
plain that the stapleis low in price. They complain
that instead Of being permitted to exchange one
pound ofcoten for yard Of good shifting, or yard
Ofprintsd calico of English manufacture, they are,
by the law of the land compelled give two pounds
for like quantity They must either pay one hun
dred per cent duty shifting which costs abroad
six cents purchase the domestic article at the east
at twelve cents the yard. .
Senator Davis cndedvors to controvert the promo
Siton advanced by the Secretary of the Treasury,
parts imported under duty, and part produced
at home the increased price to- the extent of the du
ty paid, enhances in the same proportion that pro-
duced at home Thus, on the article of sugar
duty OFF, cents per pound on the hundred millions Of
pounds imported, advances in the same ratio the two
hundred millions produced at home; and to get two
and half millions of dollars into the treasury the
consumers pay, in enhanced prices, seven and half
millions. Wethought he sgnally failed here. His
train of powder, when ignited, caused some smoke;
but after all nothing appeared to be blown up but
the senator's ammunition. .....
When quoting the price of American nails at
cents the pound and foreign at T. he might have add
ed the former were cut and the latter wrought nails
Moreover, when he said we could get on very well
without duty on nails cot.ons, his views
did not correspond with the panic-makers at New
York, as put forth in the Express of the 18th:
EFFECTS OF McKAY's BILL,--The Vulcan iron
company, at Troy, will suspend operations at their
works now nearly completed, (that is they will
suspend before they beginD if this bill Of abomna-
tons shall pass the Senate. The Troy iron compa-
ny and nail-works will also suspend operations in
whole or in part, if this bill shall become law"
similar threat was before resorted to all over
the land in case Mr.. Polk was elected President. 1t
never went beyond threat.
The senator says, the bill discrminates against
manufactures, and instances wool and wooens
We believe both foreign wool and woollens are to
pay an equal duty, with very few exceptions, OF
80 per cent. ad valorem. Does it not occur to the
senator, that protection Of 80 per cent is thus af
forded on every expense in the process of manufac-
ture, including wages' In the home manufacturers'
case, the foreign raw wool only is taxed in the for
eisn manufactured article, wool, wages, and all ex-
penses are taxed. How different is il with the agri-
cuturists Their commodities when sold abroad
must compete with others from sources where no
duty is levied on clothing, iron, or fuel.
Had the senator, when copying the inscription
from the tombstone at Copp's Hill, looked little
further in the same cemetery he would have found
another which recorded the virtues of an eminent