The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1848-02-03

which had paid heavy duties were re.ex-
ported, and the duties withdrawn from the
Treasury. During this period, Of course.
little revenue, in comparison, was coming
in, though the country wus still nomInally
under the tariff Of 1912. Now these are
the months which this very fair ard can
did Secretary takes for his estimate OF the
produce of the tariff Of 1912. As soon
as the reduced tariff of 1916 vent into
operation all these goods, which had been
held back waiting for the reduced duties.
were at once poured in, and in pours rev
enue by millions. The goods and duties
Withdrawn from the tariff Of 1912 now re-
turn under the tariff of Is46; aud these
are the months which this truth seeking
Secretary takes, as showing the Compare
tive product Of this model tariff, coniras.
ted with five months Of the tariff Of SAG,
giving a litlls over seven millions, when.
for two years before, the revenue had ex-
ceeded an average Of twenty seven mil
lionsl Aud this Is put forth as fair com
parison. This is no deception. 90, no
this is fair. This is The way 10 bi,ng
truth TO The people He might as wei
compare the strength Of giant and that
OF q child, BY putting down what the giant
could Ilft when on his SICK bed aud in has
last hours, and wha, the child could III, ia
The vigor Of health ard under q sudden and
volen, excitement. Would this be very
satisfactory way Of proving that the child
was stronger than the glantl
The next thing The learned Secretary at.
tempis TO prove IS, that under low duties
more revenue is always oblained Than uB-
der high duties. 10 show this be selects
ten years iucoue Under high tariff and
ten wears nnder low one. lie seltcis ten
years, rom 1882 10 ls42, under tie CON-
promise bill, for his loo tariff ard ten
years. from 1924 10 1882, eight years un-
der the high tariff Of ! SPA aud 1898, with
'wo years under the ,a'ig Of ls42. as the
high iarti period. Nov, | assert that, IN
the very years on which be relies, and
which he has selected for the com.
parson, his own figures prove, not that
he got less revenue under the high
than the low paid, bul il proves tina, be got
eighfy.one millions more under the high
tariff than he did Inder the low. For the
proof, refer gentlemen and the Secretary
TO his own official repor. on he finances IN
l-45, page 95e. Here you have bis own
report. Take II down, gentlemen; de.
sire you TO take a mina.e Of what | state
lor what say | can Roye. ! hope tho
chancellor Of the oZchequer that was Mr..
Mckay will pay special attention 10 these
statements. soy on Mr.. Walkers own
showing, lha, under the ten years Of low
tariff the receipts we're S2li, $50, sos, and
that under the high tariff years no receipts
we're S297 SAP 2lj. The difference in
favor Of the high tariff is $50 $50, $50
s. 295 ,G3j per years and yet the Score.
tary aud the President say lhs, all expe.
rIence proves iha, low tariffs give the mos.
revenue Whether such statements pro.
eeedcd from ignorance or design he would
not say. bu, II was one or the other. Ire.
Ger (sa'd Mr.. s. TO day, 10 date, book, and
psge. Lot them lock at it. suppose
when he sent Us his book, with all these
cotfiien, statements, supported by fgures
too, he thought II would answer i,s pur.
pose. He owes II 10 his character for
truth and csndor to come gu, aud adm, or
deny this statement, or authorize some
TREND 10 do IT for him on this floor. viii
1t be done We will see.
Aud nov for his positions en- the subject
Of exports The Secretary utlirms tina,
the balance Of trade is always in our favor
under low ta,If' that our exports exceed
our imports, and that the exports OF bread
stuii, aud provisions are especially pcreas.
ed. Now | say that, deduc,ug tho i'm.
ports during the ten years q high tariffs,
selected by the Secretary for comparison.
i,o.n the imports during the ten years of
low tariffs, and it would appear lha. tho
balance against the country under the low
Tariff was S40l, 916,076-rqual to Sac.
l97,607 a year, and, deducting during
each period the goods re.sspor,ed, tba
balance against the country would be in.
creased TO the sum Of S423,455,724. And
how had !, been paid 7 By two hundred
millions Of State bonds, sen, TO Europe TO
pay Tor goods mercantile debt of nearly
an equal amount, resulting al tho end of
the low duty period, in ls4O, Al, aud AZ,
IN reputation and bankruptcy, State, ma
IIona, aud individual, ,hroughou, the land.
Yet we are told by the President and Sec.
teiary tina, low duties produce prosperity,
national and individual, and especially the
prosperity Of the farmers aud iaborers Of
the "lo,Ing millions"
Blu. this is no, oil. Take the exports
from the imports during these ten years Of
low duties, and i, will DO found tina, the
debts against the people Of the United
Ssa'esin favor Of foreigners is size, l66,.
2A2. VIVA. sum Of national prosperity
is here exhibited
Such is the evidence in favor Of Mr..
Walkers position tina, low tariffs always
turn the balance Of trade in our favor.
Such are the happy effects of his policy Of
free trade. Low tariffs always have been
aud always will DO the ruin OF the country.
Let any man look q, the scenes Of general
distress which always have followed this
insane policy tho ruin of Furnishing az.