The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-07-15

During the period embraced in table z, that is,
from 1871 to 1907, the duties did not average Is
per cent. So that was eminently time Of free
trade; and during that period we perceive that in
1871, with population OF 1000 600 our exports
were only Sl9,0l2,04l. In 1900, with population
Of 100000, our exports had gone up to S7097l,-
$780, And in 1907, with population of 1000, 900,
our exports had risen TO the enormous amount Of
sl06, 343 $50. Here we find a rapid progressive in
crease in the value of our exports, compared with
our increase in population. The country then felt
and manifested the greatest possible improve
meni; nor were our MANUFACTURES insignificant then
or unthrify. For MIR. Galatin, as Secretary of the
Treasury 10 1870, in his celebrated report TO Con-
gress upon manufactures, observes that many lead
ing branches then might be deemed permanently
established; and that their gross product at that
carly day was 40 000, 900, or in other words that
we made ons hay of our supplies at home, for our
importations about kept pace with our exports.
No one then advocated in Congress the proprety
Of taxing one hundred and hfty-two of the import
ed ARTICLES at rates ranging from IS to $50 per cent
Yet manufactures were fhen in their infancy. Bot
let us revert TO table F, and there find the grind
ing effect of high duties contrssed with the pros
perpus consequences resulting from low duties. 10
1876 the first genuine protecuvs tariff bill was pass
ed; and in 1870, with population of Q, 636, 900,
our exports fell down to $50 69l $685. In 1890,
with population Of l2,666, 900, our exports were
only S73, $40 5U8 So much for the depressing
During that period our exports refrigerated, while
our population increased But we will examine the
next period under the compromise, and we find
that with population Of lT069, 453 our exports
rapidly rose up to Sl33,6s5,946 From this farter.
ing state Of things we turn againfo period of high
dutes and in l845, with popuia ion of Is, 500,0
our exports have again tumbled down to ,646,-
COG. These are stubborn facts, and should be in
structive These tables are worth thinking over.
In them we find additional facts upon which to
found arguments against this miserable quackery of
attempting to control the industry and enterprise Of
the country by Congressional laws. We find, un-
der the restrictive system, that you raise the du-
ties you cut down our exports, and they no longer
as in the periods of low duties go on increasing at
a rapid ratio in proportion our population in
creases While on this branch of the subject, il is
pertinent also to show to what extent high duties
impair the price of our exports But in doing this,
shall have recourse to facts as basis for my ar
gument for we cannot, in financial affairs, nor in
deed in other business matters, rely upon theories
and abstract arguments. Fortunately, we can test
the soundness of principles by reliable facts, and
from them, he who runs may learn lessons of wis
dom. have stated that high duties impair the
price of our EXPORTS and in Confederation of that
opinion, adduce the following tables, prepared at
the treasury from official documents. In these ta-
bes the year l843 (when a. change was made, as
heretofore stated in fiscal year, Is not omitted
because the aim was not so much to show the guam
tity and value as the price during the periods in
Dictated r.r. ."sm as.N
CoTroN.
Statement exhibiting the average annual quantity,
vaue and price Of cotton, exported at slated periods,
from 1921 10 lS45, incitstpe. -.,