Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1846-05-02
0trritorial Wa3ettt.
BURLINGTON: SATURDAY, MAY 2, '4s.

next, ~ the publishers OF the ia
zette, for issuing q Campaige Pa
pr, to commence Immediately after
the adjournment Of the Convention,
to continue until after the election.
Fire and Loss Of Life.
About enc o'clock on Monday morning
last, our city was aroused BY the alarm Of
fire. The large and splendid Touring mill
owned by our worthy citizen, c. c.
was found TO be enveloped in
flames, beyond the hope Of extinguishment.
The mill cost Mr.. Shackford about $6UCO,
insured to the amount Of $4,000. Col war
xEk and JonH SAAcxroRD had recently
leased the mill, and were carrying on an
extensive business. $l7OO Of their prop
srty was consumed, on which there was
an insurance Of $1,000. The. mill turned
out about leo barrels Of flour per day. A
part ofthe building was owned by BRAD-
FORD LEONARD, on which there was no in
surance. This is great calamity, not
only to the immediate parties, but to the
community generally. The mill should be
Immediately rebuilt.
But the most distressing circumstances
connected with the disaster, is the death Of
HENRY HILrox, who was burned to death,
He is supposed to have been asleep, and
stifled BY the smoke, As his position when
found. indicated that he had never stirred.
he was young man about 20, and has lelt
widowed mother dependent heretofore on
his support. We have heard suspicious
expressed, that this fire was the work Of
an incendiary. IF so, we should be for ad-
ministering the death penalty once more.
The Hawk Eye on the Tariff.
The Hawkeye has learned the wing song
on the Tariff, that high Tariffs make low
prices; but how, he cannot tell. He says
they (the whigs) 'ssee its beneficial effects
"and at the same time they may not be able
to state exactly how it produces such favor
able effects"! This, then. is partial con-
frssion that the wings judge that to be the
result Of high tariff. which they are una
bls to prove to be such. "The protection, !"
says he, secures tile home market to the
manufacturer and he has the foreign mar
ket into the bargain" Now let us see
how this is.
Here is declaration, that If you give
the manufacturer high tariff, he will be
able not only to supply the home market,
cheaper thA, it was supplied before, but
he can successfully compete in foreign
markets. 1t is an axiom in trade and COM
merce, that in proportion as goods accu-
mulste on merchants hands, without a
market for them, he is forced to sell cheap
er than he otherwise would, in order to
save tn" interest Of his money invested,
and. the waste Of his goods on hand. But
in proportion az markets are taken away
from the nations of Europe, their good.
must accumulate, and they will be forced
to sell cheaper. Now in as much as the
United States are one Of the greatest mar
kets in the world, take away that, and for
eign markets must be supplied cheaper for
the reasons stated. How inconsistent then
is it, to say our manufacturers cannot sue
cessfully compete with foreigners in our
own markets, where they have to pay no
insurance, no freight for expectation, and
all the other expenses incident to supply
ing foreign market; and yet after tariff
can 60 abroad and successfully compete
with foreigners, after paying all these es-
penses, and foreigners obligedto sell cheap
er too, thcn they would in our markell
~s s"nS S&SS VI uOHtc iuuStTatlOn.--
Go to any Of our merchants and they will
tell you that they can make but small profits
on their goods, and the reason they will
give u, that competition produces the re-
suit. They say they cannot make so large
profits as they used to, because there are
more goods than the country trade demands.
There are so many traders that each has to
sell for small profit; if not, the trade goes
to another who will undersell him. The
reason then, which has caused prices to
come down is, that where formerly there
were but few traders to supply the people,
there are now many. This is the univer-
cal result which attends the crouding Of
any profession, business or trade. Now il.
it not complete humbug, for the Hawkeye
to say, that driving out all competition from
abroad, will cause fall Of prices in our
markets? If A and B are contending for
the trade Of C, and consequently selling to