Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1847-03-23

Der last, Is m Hons Of doIlnrs. winch ne
attributed to the tariff Of 10. although i /
NIL took place under tho tnsiti Of ~. tiiai
If '46 not having then commenced Its
operation. But. repeat. ali his boaS;lng
about tho increase Of prices goes On the
presumption that the tari.Iof 80 produced
tho poiaio-ro, in Irclaoi. short crops
abroad, and great crops a. home.
Mr.. Cobb next inquired, WIN. had
raised tho price OF cotton'
Mr.. S. Was j. tho tariff Of 'iG' What
had it TO do with cotton! He would tel
tho gentleman il was short crop. The
las, crop Of cotton. be understood had
fallen short fliy ono.third; while toe
demand WINS increasing. at homo and
abroad. n diminished supply. and an IN
creased demand. Ind. n, Il always would
increase Ito price OF cotton as Of every
thing else.
But, since tho gentlemen from Georgia
had called his attention 70 cotton, lie would
remind tho gen.leman Of WHIT Inc Secre-
tary Of tho Treasury, Mr.. Walker, had
aid on this subject. fio s1iI NO mus:
,eko more British goods or, il we did not,
''she would hive 10 pay - sPectc Tor II
breadstufrs, and not having u 10 spare. she
will bring down tho price Of our cotton. s
This is the doctrine OF the Secretary.
Now, sir, look at the facts. Ia this s1ne
report Mr.. Walker states TINT, N 1879.
we took 3i5.GO0,000 worth Of British
foods, while she took but > 1l.%1b worth
Of our breadstnfIs, Us. 300 barrels q -four,
2.OlO bushels Of wheat, and ono barrel OF
corn mea.:;) yet wo are tod oiiiclaiiy tna'
we must take moro thnn forty -hVo inI''iohs
Of British goods, or sho viii hayc - Pay
u specie (Sl5i.000) for our broadsIuits'
and, not having il 10 spare. will reduce inc
price Of "our cotton - W ny, ST, Il IS
matbematically true. that If tenth part
Of tho value Of British goods Consists OF
the "breadstufT," consumed by tho labor
employed in tho production OF tho ra"
materials, md afterwards IN converting
them into goods, then we imported IN l5l'
80 times as mach British brcadstuIs III
tho form of goods as sho took from us n
ito raw condition; for Instance, IN 1919 We
im:ortcd SiJ,6Oo 1913 worth OF her goods
one.ten,h Of which IS SID 10000, whll6
sho took but s ) 81 worth OF our btcnd
stufTs. being about ono ,hlrt'cth part. hS
Stunning that ono-tonth OF the raiuo O
goods consists Of brcndstuis, (and n
believed this was short OF tho real amount.
and this result is undenIab'o. ct gentle
mon arc constantly boastlnI OF tho IN
portanco OF the English markets for y
,nerican brcads.utIs; and THIS, IN fact, con
stitutcd the great topic Of both the iaic mes
snrc and Treasury report. And no wout
hore state a fact that would as.onisn til
American people, and especially the farm
ers Of this country. IL was thls-tha
for tho last twenty iivo years. from la'-
to 1916, whio We imported from 10 To .
millions Of dollars worth Of goods tror
Great Britain per annum. $40 TOOK bat on
million Of dollars worth OF all tho provision
and brcadstuils Ct this country. ~
fnct was established by tabIo winch II
had made from the official reports on con
mcrco and navigation, from their CONNER
coment, in 1921, down 10 this tImo. wine
no had carefully revised and corrected b
tho librarian of this House. and winch h
intended to append TO his speech. 81
the pen,leman's interruption had Will
drawn his attention from the SUBJECT i
wns discussing When Interrupted. h
was enumeraiing some OF tho luxurlcs o
which the duties had been reduced by 4
tariff Of '4i6; he had mentioned brandy IN
spirits Tho next item. though SINAI
served TO show tho spirit md policy
that law; he referred to cards. Tho dat
on visiting cards had reduced from 80
80 pcr cent, and on playing cards iro
c57 to 80 por cont. They tako sever
oichths Of the TAX of playing cards, NJ
nut it on tea and coffee; and tbs VI
Democratic policy. tho policy of tho tar
of '46. The duties by this act had bee
reduced on crown and cut glass. chand
licrs, &C., used BY tho rich. from so
80 per cont: on pimanto cloves. cassI
dates, &C., from 60 and 80 down 10 !
nor cent: on eady-mado clothing. fro
so to 80; on silk bats and shoes, from !.
To 30. Tho duties on all these luXuric
and many others. consumed by tho rlc
are thus reduced. in most instances. mo
than one half; and then the Secretary AZ
President turn round and ask US to Tux I
and coffee. No, sir, let them restore a,
increase tho duties on luxnrics. ard the
if they have not revenue enough, lei the
talk about a duty on tea and coffee. /
them restore tho three and half milo
of revenue they havo lost by tho rcductt
of the duties on cotton goods; two mllio
on iron and its manufactures; tho mill
and a half thew have lost on sugar; /
million on woollens, and tho million ans
halfcn silk goods. Let them restore the
protective and revenue dut;cs-rcstorc
nine and half millions taken Of these 7
articles. Let them restore the So62 .
taken off brandy and spirits. Let II,