The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-25

In further confirmation OF the estimate of the tax
abs i hsraa ns enhanced price Of protected articles
Doc. NO 49, 2Sth Congress- I'd Sess, being a communi-
cation from the Secretary of State to Congress- of the
turns from our consuls abroad of foreign prices current
charges &c. These consular returns are official and
exhibit on many protected articles difference be-
tween the price, foreign and domestic.
Table is compiled from a report of the Committee
OF ways and Means Of Congress. being House Doc No.
rates from actual mporations under the tariff OF s42
OF the amount OF the various minimum and specific du.
committee, upon the authority of known and respec
table merchants and importers in several of the large
commercial cities" to which appended several prices
current and statements of duties under the tariff of
lSl2. on the same authority
There are also annexed important tables, and price
current IN the report to this department of the chamber
OF commerce Of Charleston, South Carolina in Novem.
Der last very full extracts from which appended
also annexed, marked NJ, N, OP ,Q.R.S,T.
These facts tables and prices current with the sais
teal statements and official returns furnish is beIiev.
ed satisfactory evidence that this department is sustain
ed IN estimating the tax imposed upon the American
people at sum at least as large above stated SO
OF the government, and expended among them for pub
lie purposes would be sufficiently grevous but the Of
the people, VIII. psy h vast oo nd hS
aa nor to the government, for public pur.
pS ,h u 70 the protected classes, in enhanced prices
In assuming in table A. Se4laOss7 as the total tax
h. s,'ss revenue and enhanced prices no estimsto
as oeen made OF the additional tax i'm posed upon three
iourths oil the American people consIirnno ths unnro
ecseu class who RAISE threeourths of the ANIMAL nro
~ me diminished price Of their fsom
e Pion'oiuoh or restriction of their excban0e in 10.
reign markets The truth is that the enbs ncement In
price OF the protected articles about canal =, th d;
nshed price oil the unprotected Wealth maw he ,rans.
elieu, put not created by legislation II IL labor only
nat creates all wealth and the operation of ,ha tariff
ADDS nothing to the aggregate wealth of tho conn,rw
because II does not increase labor 1t only tr.nsor. ~
prohts from one class to another and the enhanc.,ns
In price on the one hand is met by a Correspondent a
ducuon on the other Like action and reaction or ,h
meeting OF equal forces in mechanics the results a
neurazed and the aggregate price is left unchanged
ms not only founded upon the best settled princ,ss
OF political economy and Of sound oning but is Con
hrmed by experience throughout the world The evil
dence attached TO the treasury report clearly esabshe,
by numerous witnesses the following positions =
LIST That the profits Of agriculture unprotected are
less than one hall the average pro6 Of manufactures
"a Inat the price OF agricultural products and the
profits OF agriculture have fallen very much since the
tarif OF 1872, compared with prons and prices of
manufacturer.
81 rnat tue profits Of manufactures have greatly aug
mened since the tariff of isll whilst the price OF la
Dor have appeared TO aug nent in particular places
has fallen IN others, and the result could be other
wise for IL the profits Of three fourhs OF the people
raising the unprotected articles reduced by the
70 an extent equal In the aggregate to the augmentation
VI prices and profits accrung to tho protected class the
throughout the Union, far the price Of labor
"cohesrnsd' depending upon it, profits, would ct least