Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-07-08


think the Journal is about right. Smart, any how!
RUIN The Lebanon (Pa.) Courier, federal
lournal-whch, no doubt, was as assiduous as any
other In predicting the most dire disasters to the
farming interest from the new revenue policy-now
states the cheering fact, that 8" gentleman living
near Annvillc this week sold two thousand bushels
of wheat, the part produce of his farm in North
Lebanon, for FOUR THOUSAND DOLLARS" This is at
the rate Of two dollars per bushel, which is the
current market price of wheat in nearly all the rich
agricultural regions of Pennsylvania. We have be-
fore copy of the same journal of June 8, 1916
precisely year old-in which wheat is quoted
under the market record at only ninetyre cents per
bushel-less than One-haD the present price
1t will be contended, however, by the federal press
which is IN want of excuse for the failure
of its predictions, ;hat the high prices of produce in
THIS country have manner Of connexon with either
the new or the old tariff but are the result solely of
the famine in ireland, Scotland, and parts of Germa
n.y. That land, so favored of Providence, has to
a great extent profted by the msfortunes of Others
is undoubtedly true. I" 1t is an ill wind that blows
nobody good" Lawyers live by quarrels doctors
by our diseases, and even nation may reap adyan-
tages from the wars the pestilences, and the amines
which sometimes overwhem other nations. We
would not therefore, venture TO deny that the scarcity
and dearness Of breadstus on the other side of the
Atlantic have exercised an extraordinary influence in
determining their value here.
economy to say to the fact that and coAL-hose
other great elements of the business and trade of
Pennsylvania = maintain high price under the
tariff of 1916 they did under the Wanted tariff of
1922 These great interests. like the farming inte-
rest were to be equally doomed by the new law and
not month was to elapse before every furnace and
forge in the country was to blow OUT" and their
propretors be compelled to embark IN other and more
| profitable pursuits. Instead of this prophecy being
fulflIedy the Pennsylvania journals record the cree
ton of HeW iron establishments in every county
where there is The slightest sprnkling of iron ore.
How are these results accounted for Have they any
connexon with the famine abroad !! How is the
| price of pig metal in Centre or Columbia counties
affected by the potato yield in Macroem and Tippe-
rary? Between the blooms " which are cast out in
such unlimited abundance from the smoking furnaces
on the Schuylkill and Susquehanna, and the misery
and want of the inhabitants of Dundee and Leit, in
Scotland what possible sympathy There be
none. The price of grain here may be increased,
owing 10 the potato rot in the parish of Kelkenny,
but the value of pig metal is surely not. 1t Is there
fore, both idle and preposterous to afirm-as the dis
comfited federaists doing-that our national
prosperity is solely the offspring of Ireland and Scot
lands calamities? Besides if the tariff system
has connerion with the prosperity of the country,
how happens it that the whole cry of federalism
denounced it as tending 10 act directly upon that
prosperity with destructive power Union.