Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-09-10

The foregoing table instructive, in the frst place. in
showing the wonderfully rapid augmentation IN the amount
Of this vausbe staple produced annually in the u States
But have another object in view in presenting II to our
readers to-day 1t show the falscy OF the assumption,
30 boldly announced, and confidently relied that
the price Of agricultural products huctuate, with the
increase or reduction of the duties levied by
Inent upon foreign imports.
While the principle Of protection has always been reeog
nzed by Congress- from the hst revenue act passed by
that body Of the express purposes Of which was the
protection Of domestic manufacturer until now, the ne
cessy OF giving extraordinary stimulus to this branch
OF national industry generally admitted until the
suerngs OF the country, consequent upon the Noniner-
course and Embargo and the War OF 1912, produced
almost universal conviction in the public mind, that, in
the imposition Of duties upon foreign imports protection
10 our infant should DO regarded primary
object rather than Incidental accidental conse
uenee Indeed. prior the termination Of the last War
with Great Britain, prepared to enter
.ively this pursuit Our population not sufficient
ly Dense and people found besides, during the
nuanee Of the European wars that profitable
embark their limited capital in agriculture and
uerce The abstraction OF many thousands OF per.ons
from the ordinary occupations Of life, TO fight tile battles
at ambition upon the European continent created large
demand for American products while neutral position
gave all the advantages Of the carrying trade With the
Sonof Napoleon and the restoration peace,
came q sudden and radical change and with also
the conviction that change in the pursuits OF people
was absolutely essential The Tariff Of 1916, which is
often enoneously called "he first protective tariff pas.
sed mainly by the Republican party, with the hearty
curreneo OF the Republican Administration Of that day
under the lead Of LOwndes and Calhoun tariff which
invented no principle. but which only rendered
efficient the protective principle, which, repeathad been
before uniformly recognised. 1t believed be both just
10 the manufacturers, and necessary OF nation
nj policy. that efficient protection should be given TO
she establishments which had arisen during the Restrictive
policy of Mr.. Jefferson and she war Of 1872 with view
only their pemanency but also TO invite adj
dionnl capital into this pursuit. the importance Of which,
element Of national independence we'll Of ma
IiOna wealth, had been satisfactorily well pain
folly demonstrated, from 1907 till that time.
The Valley Of the Mississippi had then been fairly
opened. South Carolina then OF the principal cot
1ougrowng States and yet The politicians and people Of
Ihst State that time the leading champions Of the
protective policy which found lis opponents
in the New England delegations. Mr.. Calhoun certainly
could with oil his proverbu ,ugnciy have ToRErES"
1916 that he aiming deadly blow the prospsr
W Of his own State Such the origin and the progress
az the Protective system until II fell into the hands Of
YofITciGSs and converted, TO great extent m into
seetionsl, and then into party question. When il
question Of sections, the Nulyers declaring that the
Plantation States robbed OF 10 bsles Of every
100 they pVas~d, hounty 10 the ''punderers and rob
bots OF the North After became pu,y question the o
rofoeos affirmed hst the duty, being upon consumption
other class Of the community required pay On
annual tar Of something like bund,5 millions Of dollars,
and aboye the requisite support the government
which into the pockets Of the manufacturers 20 swell
their gains Norists a for IN adduon TO paving
this bounty the agricultural class have been assured that
the prices Of their great staples have been seriously Acct
nd by the high OF duty diminishing ipoa,ons from
abroad, end dePrving to that Of sAruzlL
NAHrET" the other side Of the Atlantic 10 this latter
allegation refer the reader the fore going table for
triumphant reutA'on The Others have been dfsproved
thousand times src idy. and indeed arc so absurd upon
their face that those who sometimes venture upon
tbem cannot ooneea their Of faith in their &C
curscy.
1nlsi5 will b. perceived, the price Of cotton WIS "A
rents; IN 1916 hs duties we're augmented add the price
nevertheless 70 29b cents; 265 1871 and 81 In
1873 Tho duties remained unchanged Gill 1924 and vel
We thsi The price Of had fallen lG cents in
1921 and 10 10 and ~ in 1929 In 1924 Cher dude
were sesn imposed snd IN 1895 cotton rose 10 81 cents
falling sgaia, however, 1897 to %. In 1928 tho 'bi
81 sbominstons" onscieJ yet thsfe wss a slight ed
vance IN ihs price Of cotton Notwithstanding, which re-
gnsning sost stationary until the passage Of the Compro
mice Act IN 1899 Under the biennial reduction Of duie
provided Cor by that act slightly advanced sgair
from ~ 10 ~ ceHis in 1896. bot IN 1897 when the dite
were isws fell sRnin 10 10, and IN 1898 whom the,
were lower st it Zen 10 lOl when, " the Loeofooo doc
ssine be tue IL ought have been vauabs! Indeed
NJ Toombs. Of Georgia, remarked The last scssio
81 CouKress w reply NJ. Huntef Of this State "durn
she 6ut Eve years Of the COMPROMISE Act when tbe d.
upon imports highest the average price n eoo
VS. folly i've higher uan durinr Inc lst Eve year
N BE ,heo true The result would have been Just n
revcrse" bis feet slope s demonsauvo of The absurd
~ Of he s--umpou that the price Of agricultural su
les rice ~ decline he dutes upon imports are low
hish The ldce has hucustsd not with the duty bt
wth the qusnhN produced above of blow The demsnd 4
aumption. Tao " the grea, fsgulstor Of prices on
he aho ausmps 70 invcni any other viii necessarily h
veivs htussn W iabYrlnth Of absurditics
ar Ne s.wyer. o. sausage no'ofiety, has been nom
nsf a. rssIse,lOs sbe sGo 70 supersede him haviu
,~suss{ aasss,lae. We do not fesfsi h A. was said
Fel,,,E I'VE seslS hsss bss,,r spared bsp,T psp.r-