Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1846-08-14

AAt lNl.NfNA ItiNAfAAlAt NuilfN. DdU lrnIuCeH
the greatest reduction OF prices. But the same
thing Was tru-. 20 a grrater or less extent.
with respect To etery protected article i'm the
entirr list. Nh. y. stated inContmvpuihle
matters OF fact. lie challenged contradiction
lie coutird nvcsiigation-he defie,l the pen
uetnsn to dlsprDye an atom of what he had
asserted. Aud, to put this truth i'm IN, strong.
est light. Ia repeated that the highest and
most obnoxious duties. those abb bred mini.
NUNS. against which the gentlemen had was.
ted such iuuouS foundations presented pre.
Clseil tpr very cases where the reduction of
price h1d been the greatest. Thos, duties. IL
= Siid. now anouUtcd to two aud three hun.
dred per c N cd %e0lorem. And why1 b..
cause they were fixed specific duties. They
fenlaiued stationary however pices might
,hansF' anu, ui course, as the prize went down
lic uuiy bore a lageT and still liu,cr proper
ton To At. At first. the duty was. say. half
the price ot tn article: a., The price declined.
the du'y became equal to the price; then il
became frei ter than the price; then don
bic IN puc and a, length treble: aud hen
gentlemen exclaimed in horror, What AN
abomindble duty II is three hundred per
cent. ou the total value OF the article, VIVA,
hon1blc profits How the duty mus, rpise
The Price when, al the while. The duty le.
manned The sans. aud It's effects had been, not
10 ilcrcds", but to bring down the price. to
iont-.hirl Of what il was-lrom thirty cents
down To ten cents per yard. and this Was rob
berg and plumber. Aud still the gentleman
said AZ Mas on absurliiy, which no man could
swallow, To Sdy that the higher thu protective
Fduty the iowtrthe Price. Now, MI. =. would
venture To say. that IT the duty on iron and its
manufactures were increased tomorrow five
hundred per cent. the rapid rush of caritsl
into That business, and the vast increase of
supply would be- such. and the consequent re-
auction OF price 50 great, that the United
states would soon supply the world with iron
i's capacity Tor Its production being %unlinit.
ct. Tie had stated facts, showing that lrph
duties had produced low prices. eau the gen.
tleman deny thcn2 There they stand OF i'm
pregnabie foundations, firm gs the hills. Let
the gentleman d%isprove them as they can.
mat suclris the practical operation of the sys
TEN II iully established by the fact that whilst
manufactures OF yariuris kinds had declined
to one-iourih ot their former price, %agricvI-
iHrdt produce aud the Vdges of labor had un.
derNent little or 30 reduction, owing To the
constantly increasing home demand Tor both
resulting from The protective policy. He sub
united II as a matter OF fact, known TO every
man, woman aud child ia the country. where
manufactures existed, that they paid less for
manufactured goods, and received mora fo,
thelr tddoT and their produce. owing to an in
creased demand. Yet, in these UNIVERSAL,
admitted facts, we are told every day on this |
hoor, That the tarHl increases prices, and robs |
and plumbers the farmers!
But MIR. =. wished to be understood correct.
~. He did not say that the effect of ali du-
ties was 10 diminish prices; on the contrary |
ne dIi not deny that II was the effect of some
duties 10 increase prices. But what he said
was this: that duties levied on articles we
could make, 10 The extent of our own wants
AID with a view 10 protect and increase our
own manufactures, did in all cases operate. in
TIE end, TO lower prices, by increasing capital.
competition. and supply. Duties imposed on
.orclgn arlbl : which we could not make lor /,
ourselves, would generally Increase the prices =
because they did not Increase the SUNNY bv :
increasing home competition. His position i,
this duties leuied for reUenue on articles =
zoe cannot produce, generally increased pri- I
lchiiSi proicciirc duties, lcUied on a~riiclss
i6c can and Il produce, GliUaVs ia The end. di. +,
pric's. The truth of both these prop-
csitions was proved by undcniable facts. and
by all experience. And the reason was iust
as obvious 2 $ the fact. When the supply of
an orilcle was not equal 10 the demand, he
the nnm'diiie effect OF a high duty
might ioI the moment increase the price and
profits at IT'S manufacture, but this very in
crease induced capital Go rush into il. and the
competition AMI increased supply resulting
soon brought down the price aud profits 10
Ihe lowest rates, proving the truth of The prop
osition, that the higher the duty, the lower
the price The imposition OF a duty on am
article produced here, gave an impulse to A.
mcTleOu enterprise; the machinery cmployed
IN ITS production was studied and improved:
an increased supply was the natural consc-
qncnCe; ana an increased supply while The de-
mand remained the same, must ALWAYS dimin.
t-h artggg WaY1l H.. a.,I /
Ia deny that The proportion between dcmaHd
and supply regulated price, But. as the con.
ueman had asserted that duties raised prices
he was bound To prove the truth ui his position
by quoting facts. The man who asserted a
thing to be a fact was bound TO prove il. in
court or out of court. As a LAWYER the pen-
LEHMAN knew this Ia b. so. Now. Mr. 4
challenged the gentleman TO put his finger ON
one solitary case where his assertion WAS tn,e
What one protected article, the product of
American skill and industry. had been per.
m%anenily increase IN price, after the duties.
however hiSh, had been frs imposed for It's
protection. MI y. had challenged the gen
%tlelnen, ono and oil, 10 point out q single ar.
ucle, a pin OF q needle. the price of which had
been increased after The imposition Of a nro.
iecIve duty. They had failed to DO il. he
had called on them at the commencement Of
lle seiou 10 hunt up some article. Nearly
six months bod ciops d yet they had failed To-
hnd one; aud lac now called on the gentlemen
TO point out one il they could. lie heard mo-
answer. NO article could be- found. And
yet, gentleman stood up in the face Of thc
country aud the world, aud advanced tlre DO.
siJion that protective duties always increased
prices. Mr.. 5. made hisappaal 10 facts. Let
ihe gentlemen meet him with facts. They
could not. they de-, u altogether in assertion,
against facts. Now IL, a. Mr.. s. had rro,cd.
protective duties had not increased. hut redn.
fcd prices, what became Of Oh thi, drnor
about hiah pro 3 robbery, oppression. and
plumber IL vanished into thin air, IT had no
IulnlaiInn 10 .lAmI ON. md rrnIlcnlnn o..