New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-08-14
REM u.

insure profit oil from Is 10 ls per cent Is the cos OF
production here than IL per cent greater than in
Europel august oh 1916.
Reply.
II our friendly queri.t had paid reasonable atten.
,on to what we have been saying on the subject OF
Protection we think he would have saved himself
the trouble OF asking and that Of answering the
above questions But Patience is virtue we
cherish aud we will go over the ground again for
= his special sake Wilt be too much to ask him
noe TO pay attention
~ l. We do not remember 10 have expressed the
opinion that thirty per cent. not an ado-
quate Protection on Pig Iron We have objected.
very earnestly 70 levying tho duty IN that form.
and will here restate the reason, which is this -.
The present price Of Scotch Pig in Liverpool aver
ages ego per ton, very nearly. On this thirty per
cent. is s6-a very considerable Protection. But
let Pig Iron fall in England to slo and it has been
as low as slo) and now the duty has fallen to So,
making the cost Of the metal delivered here about
SIS per ton Thus the ad ,ulorcm principle Of
levyins duties diminiSheS The Protection eractly IN
the ratio in rhich ii rouid seem to be nece$sary a,
IL should be increased. A Pennsylvanian. we will
suppose ascertains that he can make Pig Iron for
inst IS per ton more than the lowest cost OF making
it in England Now make the duty IS or Sc per
,on and you assure him that he can live in spite of
any Foreign competition. But make the duty 30
per cent and YOU render it certain that whenever
his need OF Protection shall be greatest, just then
the Protection afforded will be least. 1t may be
SO per ton whenhe don't need any ii may be less
than 81 when his necessity OF more is most imm
nent
10. Iron he ain IN
try under thirty per cent. duty is quite certain
20 there would Though less quantity under no
dutv at all OF course the men who so make II
would realize profit on it, else they would aoan'
don the business But III our view OF the case
their profit is quite an incidental and secondary
considerations what we deem matter OF Natlona.
concern is the dirersicattoa Of on, Industry SO as
Substantially 10 swPoiy oar o'c@ e0HtS from oar
oaca resources SO far rs Nature has intcrposed no
insuperabe obstacle This is the doctrine OF that
school on this subject which WAS called Democratic
when led by GEORGE CLINTON and D. d. ToMP-
xlSs, but which is now stismatized as Federal
iether of them an excellent term 10 winch We
have not the least objectonl Its now SIXTY Years
since George Clinton before we had II Federal
Constitution, and when Free Trade was Il GisaS
trous necessity OF un' National condition. called
the attention OF the Legislature oil New-Iork 10
the necessity OF governmental action on the subject
in the following words;
The dangers which VIC so lately experienced by
dependence ForetSH supplies O. Iron and Gunpow
der ought 10 awaken our prudence, and put our
card against events however distant and unforeseen
vhur country abounds with materials for carrying
these manufactures TO the utmost extent ana We must
discover want OF policy and OF Vigilance highly
cusshle if We neglect the obvious advantages which
Providence hath so kindly placed within reach
Hero is no calculation Of how many cents profit
manufacturer OF lron might rcalize-,hat is Il con
alteration which business menwiu see To- one which
competition among them will regulate Gov. Gin.
toms idea is that j, is the policy OF Ike S.o:e n the
absence OF any competent national authority take
measures Tor obtaining future supplies Of Irun
FINN, our ample internal resources. We need
hardly add that we entirely agree with him,
Whatever rate Of duty, therefore, VIII secure the
.nnply of our Home demand tor Iron substantially
from, Homo resources allowing the Importation
,,,v of what is needed for its peculiar qualities and
uses, will be high enough; less than that VIII Dc
NJ low. And. although we would be SATISFIED
with specific duty equal to thirty per cent on
pig Iron If we could have with II somewhat
higher rate on Bar and Rolled, and SUI higher
( = poa Steel, and Iron manufactures, we believe
= rho time and enduring in,eres, OF our whole Peo'
snle 10 impose such rates of duty on lion as VIII
limit the importation TO snch KINDS sno quantities
Souly as cannot be produced from our owa ores
without great and permanent waste OF Labor
wherever so few as forty days work will make
Share the ton Of Iron which requires at least thirty
2ays' work to perfect it in England there we De-
ssy, i. best for Us al-best for the Laoorins MI