New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-02-25
Tariff Prospects.

rins News
Tariff Prospects.
That the whole power of the Administration will
be exerted to break down the Protective Policy is
manifest that its efforts will be aided by recent de-
peopnents in Great Britain is equally true; but that
those efforts will succeed with all their adventitlous
aids, is not yet certain One great impeachment
thereto is the general and spontaneous CONVICTION u
our People-lhe great mass who are oa' o'Ca'.V
ally und partially drawn into the aosoroins VIM
pol;,ics-,ha, ue are well as we ere, ana are MOI
,;a,, o., ;rorrove our condition by radical cnange
80. r,o,,r,srcal and Industrial Politics. All DO
tnoy-eyeu The Speeches OF the enemies OF froiec'
,,n q, Congress proclaim the fact-that the country
. ,o,. en;oving. and has for some time enjoyed,
,o,e than average prosperity-that its Labor is as
re,erallv enployed and fairly rewarded as at al
most sny former period It's Capital at no loss for adj
vortngeous investment, its Credit sound, its Reve-
nre ample, ana is Currency reliable and bench
cent az Currency constituted il likely ever 10
be- All know that the Country has moved rapidly
forward for two years past-that its actual " eailn
has been increased by the erection OF houses E's'
factories &c the clearing away Of Forests and the
Improvement of Lands and that its capacity OF pro-
auction has increased in proportion and is still rap
,dly increasing The now probable revolution in
British Policy gives US at length chance for fair
and equal trade with Great Britain if on our part we
simply let well alone Always hitherto the ad
vantage has been largely in her favor Now let her
take from us 80 much Cotton Grain. w heat &c. as
she wants, and we will buy Of her in turn Whatever
she produces and we cannot readily. IL her pro-
jected Free Trade includes far trade with her
Colonies, wo win largely extend our intercourse
with them; but If it mean only that we may be
allowed to ship Food as well as Cotton to Great
Britain alone let accept the change and make the
best of I, without putting faith in any more OF her
professions than justified by her acts Ii the
conversion of Peel TO Free Trade be sincere and
thorough he will not conGnc its operation to TWEEN
tieh part Of the British domnons, bat extend II TO
The whole.
We do not anticipate such blessings from the new
British policy do many. We do not think Indian
Corn for example will be likely to command in the
average one dollar per bushel in Great Britain in
any considerable quantities. and at that rate i, will
not bear exporting unless cheaper with us than at
present We do not believe that the freest trade in
Wheat with Great Britain can, in the absence of
very large Home Market keep the price OF Flour
at this port up TO five dollars per barrel Transports
ton, with the competition OF Russia and Germany
will blight the sangunc hopes of large advantage
now cherished by many among u.s. But consider
able quantity of Grain will go TO England when the
price is moderate here, while Pork, Beef, Lard, &c
will doubtless be shipped under almost any circum
stapces. The British market will be worth some
thing 10 our Farmers though not near so much as
Home Market based on the fabrication among us OF
the goods and wares whose producers they are ex-
pec,ed to feed in Great Britain. But let our Tariff
be broken down, our Manufactures arrested if not
subverted and Cur Farmers will lose immensely by
the change. Our safety, our advantage, lie in stand
ing where we are. If Great Britain under her
new Tariff shall buy Of as more than she can sell
MI, SO much the better; we can thus redeem our
Two Hundred Millions worth of Pablic Stocks and
other evidences of debt now held in England. How
we ever really 10 pay them unless we sell more
than we buy Let us stand by our Tariff. and we !
may soon cease to be Debtor and become Cred
itor Nation. as Great Britain is, When we have
thus accumulated Capital perfected Machinery, md
made ready to produce nearly every thing las we
now do many things) at the lowest possible rates,
then we, TOO. if we choose, may make a parade of
throwing off our duties and cxpatiste 10 admring
world on the blessings Of universal Free Trade.
We hear that Mr.. Walkers Tariff bill sticks in
the throat of the Committee of Ways and Means, in
consequence of decided remonstrGnce by the Loco
Foco Members from the North and East against the |
shape given to that bill whereby Sugar, Iron Coal
&c are vcuchsaed an efficient Protection of 30 per
cent, while Wool is allowed but 90, and Manufac-
lures of Cotton, Wool, Silk and Iron from less than
nothing up 10 and a! most 20 per cent above the
duty on the raw materials. We cannot believe that
the bill of Mr.. Walker can be forced through any
American Congress without essential changes. The
vote on Gen. McKay's kindred but less exceptiona-
BILE measure in the las, Houso-qute strongly Io-
&C Foco as the present-jus,iiies this conviction.