New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-12-11


ABLE participation ir - prchs md enable such Arnsi
can snrneu.s O. supply Al TIE nsoas 10 the wor
The Introduction Of tl- system will - vo1ntsrF I.
Il q gst and beneficial 70 All parties ls
the psri.c patton OF 81 people IN the G0vsrul.i
thstis cn- great Of cur prosperity ard ire partc
patton Of our H0rksfn ic TIE profits Of cur ln1gsr
ts.sbrsnrl.nts would exhibit similar results. o.
whale an1 other fisheries prefeuf efro1g evidence n N
aucces. attending American Industry vh-n our 10 Tell
gan, frsruneo ;fs worklo- mel 81 IN. c0rc-r1 ssm,
stsd by jsst par ci2si1n In the profss have drive
from tho most distant .cA' ne itssnYs % inca, oths
nations and nearly noncpohzei mis- pursuit.
The intelligent NorkinS-ncn Of our country are Il
osrter prepared for tue adoption Of hit ru7 republics
sys.syn shan h0so Of sny other ns5n slt this sievs
lion d iae loiDg millions q Amerc- 70 jast psric
patton 10 the pronts Of that capital Noca Is made fu
fui coiv ~ heir industry XII Jet er JOY IS great
triumph that un-tiered Taie wssh which L shi
b. sni csrtsn.y will yet D. proudly assocsled Jade
hs sy.tsr the sboriog med while hey receive tie fa
wagos heretofore allowed them would slso psrtic pat
h reasonable ext-b, il the proais as a. addition =
ihal, wages sno a mos, powerful and certain stimu
lus . render tner labor more productive and The In
crease for tho benefit Of 81 concerned capitals
and Inc workin sman-ihe profits o the establishment
Whs, Is cscl the paufer labor 81 Esropo already in
erior 70 or LABOR, but woat % rendered sin mor'
p0xerl-ss % compete With Us Hneu labor has PARTED
psied win capital 10 he pr5ns
I Vnen Ne re1sc; that the working treenen Of tn
| Union must constitute the great mass Of the people
whose viii control ihs Government aud direc; The
policy Ct ia Nation lns superior comfort education Ia
diligence ana information necessarily resulting @ h-m
from this improvement, Of our social system important
n the ccessg progress and PeTpetuy Of our tree 10
siiiuii0u sud grateful % ev-iy republican Pa
| triot and lover OF rnsnsind While all have derived
great benefits fomths new IsTih y s Labor that has re
allied the largest reward Il vss commended ~ the al
Voca.fs OF Protection Il e1h-nces the WAGES OF Labor
and that low duties would reduce wages here 10 ths
rate alO~si 20 what they call the psuPer labor Of Ea
rope Ga ,he contrary The opponents OF hgn Tariffs In
sissd that labor left seek freely the markets Of the
world would ind f1r is products the best prices ssd
~ CONSEQUENCE the highest reward for tho labor by
which hey were produced. The duties have been r.
ducef and got wages mere advanced, add are higher
now than under any Protective T-rf. There are many
more vorkr-n concerned other pursulslhsu in Man
ufacuros eut with much less schueTy - substitute
for labor; aad. 5y depressing Agriculture Commerce
and naEg ion-bys restricting their business snd the
markets their products the wsges Of hoss engaged Ia
such pursuits arc reduced. Many worSInen also lose
cmpOym. nj. aud competing FOR work Ia Manufacturer
the wage. OF Ill are diminished.
IL s not only the reduced duties cha; bsvo produced
,hese bsppy results bot the mode Of reduction the suos,
tuition OF Inc al ra0re for unequal oppressive mo ma
and specific duties the higher duty was tnls always
imposed - the very nature OF the duty upon tne suce
OF the lowest value consumed by the poor and the low
er duty Essesssd upon the article u the hshes, value
used by ino wealthy often operating n duty OF
TO- % and 80 per cent upon the high priced goods and
Of 100 200 per cent al ra0rca upon articles CT lower
price ge,rJ the entire burden Of the Tariff was thus
thrown upon labor b. whose wages chiefly the cheaper
articles we're purchased while Capital with whose
profits the more costy goods were bought, was almost
exempt from the tax
IL NJ yer would have been tolerated 10 have imposed
duty Of TO- 20 30 pr cent. by upon costly art
ces and OF 100 200 per cent upon cheaper fsorics
iha ai ralg-ea would have exhibited the In
justice and ineqaaliiy of the duty but was sccotn
pshed By minimum sn1 specific duties which assessed
higher duty 10 proportion 20 value, upon the cheaper
articles sud the lower duty upon similar articles more
costly in price thus imposing The higher dtiy upon La
Dor ard wages OF Labor as escgusy A. though iha
tsxgatherer had collected from the vorkinmsn ahrd
fourth ofhis wages every day while CaPih was com
psrstively exempt from taxation such I. mo system
which hes been Overthrown by the substitution OF the
reduced dd ra0ro operstng the reverse OF the former
system favor Of the poor and the wages OF Labor as
Tar any Tariff can 50 operate and, az We see even
with lower dutics collecting larger revenue tax IN
proportion % tbs value OF imports property must al
ways BE- more productive than which 10 the reverse
Of TIM, rule or whica disregsrds Il altogether.
Thus II We impose tax OF ten dollars each upon al
houses IL produce less revenue than tae al raio
lax 10 proportion % value because tae former lax
would fall most heavily upon the poor who were east
able . bear IT, and more lightly upon The wealthy WHO
hsd greater means OF payment, and thereby revenue
would be diniinished Thus II the tax Of ten dollars
we're imposed alike ths cabin and the costly dwell
ing Il would bring e1s revenue than II tne same rate
al Daiore beginning wiki the lowest At the rate oil ten
dollars we're assessed In proportion 10 value upon al
houses Indeed, the tax upon the cabin might De re-
ducsd 10 dollar, or say one per cent and applied al
rdorer1 10 all dwellings and IL would yield lar ger rev
siue than the sntdd caOrem specific tax of ten dollars
UPON all houses irrespective Of their yale. which IL no
unjust unequal than tbs same minimum OF ape
cihc duties upon hs,s, caps boots shoes &c aud Ike
articles OF import without regard 70 tieir sAur Inc
ad rqOres duty incorporates se insepara0y win the
value Of the article and collects me tax 10 me eN
proportion 10 the value the form which OF all others
must y8ld tha largest revenue Perhaps Tue most per
feet model Of an an,ad raoyea sfh wss that OF New
Mexico. by which duty OF $500 was imposed ON eseh
wagon load If goods Introduced there wholly Ifespec'
tive Of the value.
ishing imports the balance OF trade s unod In our Ia
vor briBg spscie into the country Inc anuProtec-
tonists contend that commerce i cnlruJ Out an eN
cheugs of imports for exports and hat In diminishing
imports va win necessarily diminish exports In quaint
~ price or both that II We purchase more imports
We will sell exports In exchange snd 81 DETER
price and that II commerce Is profitable, we should
have larger balance of trade Ia our isvor and usually
larger imports Of specis snd that the profs Of com
merca In the increased exchange OF our own LOT orsh
products augment tne wealth OF tor ust0n Toe Tour
Protective Tariffs were enacted IN 1910 c%i ~. aug
1872 The Comprunise act interviewed from March /
1893 ant sitter the 3O;h August 1872 aad the kevanao
Tariff Of 1916 went into operation lsst year Let ui
look Al ,he effect OF high AMI oH farms upon ne
gain OF spsce during the.e periods from 1871 being the
earliest dates 10 which the records Oi the treasury 80
back the ssbject
From the beginning Of ls2l until the Commencement
Of ls3 and from Oth September l-i2 un;il JAY loto
our excess Of toe imports OF spce over tho export as
sl2603la bsos AZ average annual gain OF si-io /
IN specie during these sixteen years oi nisn i~iil'
while the excess OF specie durds tns ELEVEN s.ss ~
the ComprOniss act OF l-] snd low Iaud OF 1910 "a-
Sos 57 $50 and the average sunusl gain OF specie va
81 sg7g67 Onlirng ihs Tariff Of ls42 snd $50. snd
comparing the ten years Of comparatively lo~ duties
from 1893 10 lsi2 with the twelve years under Prot-c
tive Tariff from ls2i 20 1892 md under 'o7 a''i
sn actual loss Of specie 10 ths country 81 the xesa OF
the exports Of specie tne Imports OF o. IS
the result Of Protection and gain during the snceo o.
ing ten years OF comparatively low duties Of slo2siVs'
or ~ tue rate Of SiC4o9 per annum and IN me snss
year under the psg Tariff ssin OF t22l397O taaa TX
hi5itng uniforms gain Of specie IN tire year OF o" A.
compared with high duties. Tne protective tneory
founded upon this assumed balance OF trade and gain OF
sosce under hish Tariffs Improved by tbs result ana
iis shown By the experience here Of more than orrln
Of century even spscie that 4 sccunulates mos,
RAPIDLY By IN. zains Of trade under sberal commercial
polcy Let us no< acc under the same cycles OF tree
trade AID protection WHISTLER Is true - contsncei y
our opponents tia; domestic exports are mol d
rnipi.hed by the restrictive system.
The records Of the Treasury do not 20 back beyond
I2 az regards our d0m=sts exD0ris exclusive OF spe-
Gle We mas therefore Tnskei 1s comparison from mat
da. From ls2l TO 1872 ootn inclusive under hsh ea-
les the aggregate Of exports OF domsaac products
exclusive ol specie vas sos 5757, or 81 the rate Of
All 100 Tei Der aruun From j0fh September. l-i2 10
s0,h Juue 1916 s37 sl 500 or - the rate Of s9i3eo
DER spnum making tots. aggregate during taess ak.
ssn years Of bsE dulles Of 81 go $40 or or 81 The rae
NJ sst 400 3ii psr snnurn Daring TIA Comproisy act
fro l-3 ~ 3Ota September l-i2 the total Of these ex
nort. vs. $3.50 i6s 80 a. the rse Of sos 6l6s2c per
,nurn and la tue year ending 30lh yuae l-f7, sL3J