Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1847-01-14
RICHMOND DAILY WHIG.
DuIics and Prices.

We have heretofore shown. by reference the prices
current, different periods that OF the main results
promised by the friends Of the Tariff OF lsi6o wit, low
pnces for articles imported-hss been attained but
that, the contrary the OF the ARTICLES upon which
duties have been reduced has been enhanced the
Sumet. in despite Of that reduction. 1t does not there
fore follow that low duties uniformly succeeded by the
higher prices OF the dutied articles, think
deny that the fsy at the fundamental maxim Of Seerc
iay Walker, that "tho duty be added price, and
paid by the consumer the duty constituting much part
OF the price the OF production" conclu.vsly de
Inonstrsied.
In addition the several articles heretofore referred
the price OF which has been enhanced the consumer,
since the reduction OF duties tho eec, OF which he
assured would be relief from oppressive in the
shape Of bounty TO the manufacturer the N Y Expires,
calls public attention another not less striking
pli6caon Of faacy foregoing treasury maNim-a
maxim, by which. than by all other combn
cd great body of the Southern people have been
dueed to regard the protective OF sectional
inequality aud designed benefit particular classes.
their expense and have been consequently easily pcrsuad
ed to overthrow despite OF the that
origin Of the Constitution ITSELF and OF
lucid proofs that constitutes OF the main pillars
OF the nsuonsl strength and prosperity.
Begging of the articles the prices OF which
the people Of the cotton growing States, who
pecaly interested in that fabric told would be
duced by the reduction of the ddy Mr. Calhoun indeed.
years ago. OF his speeches in opposition the
protective policy, descending from abstract argument
specific illustrations Of It's bardensome effects, made
the immense saving to the cotton panters-some
two or three millions OF dollars nusy-whieh would be
effected by the reduction OF the duty upon this article
Arguing upon the sPecious sacy that 1.-THE duty constitutes
part the price the OF the production"
he asserted without qualification that the reduced dry
would be succeeded by decline the price fully equal 10
the proposed reduction and consequently the
planters paid, bouny the manufacturer, this
sum. addition that assessed upon them
TO the general government Bot as the " y Express re-
marks ,he free traders have made the bunder IN
relation Bagging that they did Salt Sugar, Cotton
Goods &c. as we will show
rEIcEs o. EENrr,EY H,selvs TsAuE
De sasls pryieuy ora =, gsyi 4ait e,L, peryard
TE.uE"
% s!as ger ,artduy OF 80 cents yer yard
II We from the present prices the present duty, stall
find ha the Pee does not come down IN the same ratio
with the duty
Present price OF baggng sia9 cts.
Present ouy OF bsggng, = cts per yd. |
Giving us 6ia7 cts.
as the puee under entire free trade il prices
HANGED 10 the extent OF duly the ID OF December
bargiUg shol,d have fallen ba64 ccut,; but hud,
with the low tar less month in operation prices
at sta9 cents under a duty OF per yara. These
prices than 81 per higher than the free
argued they would be- The Secretary Of the Treasu
~ says, "he under the old tar. paid upon the
domestic article. in 1915 S5c6O64, through the BciiOn OF
Tariff that added the duty the price OF domestic ar
cles competing with the foreign u his reasoning
correct why does not begging come down. The duty is
reduced half prices higher than under the old
tariff.
The free traders account for the rise IN salt by sayug
the supplies at Turks Island and elsewhere have been
washed away; but article that stands Washing
aud rises IN spite Of the predictions o free trade. Now,
explain why the reduction IN the duty has
not produced equal reduction IN prces7"