The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-12

II IL American article Is ,til in sone cases sold
abrt ad to their at price eLhsuced by their
duty the injury may have been to that the
only, and not TO us; but when, by way Of relieving
f. this injury, whether real imaginary, impose
tex upon our own people as consumers, by oompsl-
ing them TO pay high prices for foreign products by
Oh duties we only augment the evil. Reciprocal
ice trade is bert for all and reciprocal high duties,
worst When it Ia aid II foreian nations tax poo
duce by bi gh duties, must tax theirs In the
nanner, forget that their duty foreign imports
falls mainly their own people, who purchase such
IMPORTS and so, likewise tax foreign IMPORTS falls
chiefly on our own people who purchase them Let us
buy such imports as desire at low prices, and the
ference OF price that IL thus saved people is
30 much gained additional capital to encourage
cur own industry, to increase employment and the
Bat II the system of reciprocal taxation Is wrong
what argument be offered in favor of nigh dutie
upon fairies of foreign nations when they receive
exports at nominal duty in exchanged Formerly
our protectionsts admitte that Great Britain would
freely receive our breadstuns, should take their
fabrics st low duties, free Of duty in exchange.
Then the laws in full force in Great Britain
and IL supposed would forever remain But the
system was repealed and our chief agricultural pro-
ducts are invited free OF duty, at a nomina al
duty on the Let Of February next into all their ports
Our protec iopiss abandon their former position
ana maintain that 1t ipj ures farmers pu
BIitsh fabrics at low prices though England will
take our breadstuhs at a nominal duty IN exchange
Wages can only be increased in any nation, in the
aggregate, by augmenting capital, the fund out of
which wages are paid and the capital gained by saving
in the diminished cost of production and prices to the
contumeIs will invest Itself in new pursuits,
rily augme nting the demand for labor; aud, a
sequence, its aggregate products, profits and wages
On the other han the destruction or dimnut;on of
capital by destroying reducing the fund from which
labor IL paid mutt sduce wages IL Is not, however
by the transfer of the same amount OF capital by law
from pursuit to another that the aggregate aYa
and pro6ts Of mai ional industry be increased,
but by the ntation of capital whether by saving
or otheIwe and the radical defect OF the restrictive
system is, that the tariff augments capital but
simply changes the pursuits in which 1t is in vested
and therefore, can never augment wages. On the
contrary 1t must in the aggregate depress wages, by
employment
labor ana the increase of its wages
Our aIgume nts for low duties has therefore, beer
conceded by our most distinguished protectionsts
insured the repeal of the British laws Arguments
here favor OF protection present to all nations the
tuppoted benefits of restriction, and would therefore
persuade them sll to enact high tariffs Our argument
In favor Of free trade appeals to all nations reduce
their duties on our products; whereas our arguments
for protection are reasons offered to all nations to
raise the duties exports Our arguments would
persuade them all of the mutual benefits of reciprocal
free trade and teach the doctrine of international
unity Of in eress; VII ereas the other attempts to
prove hat their interests antagonstical, and will
be best ulted by each inaicng the injury
upon the other by high tariffs. The would be read
abroad in the legislative and executive ellis in
favor Of a reduction Of duties products the
other would be quoted in favor Of increasing such
duties
High tariffs should be most useful where they ere
the most effective Let US take the interior Of New
York, remote not only from the ocean but from rll-
ro8 d. and canals. Now, ii the duty w. per
cent on the import arriving at the city of New York.
its vcinage, that city, and its neghborhood The
pro ctive theory should be more injured BY i'm
poI aton than the interior of the tate the FREE
which, on many foreign articles, might ado yenty
per cent to the cost, making the whole enhau MT
OF pIice forty cent and thus operating double
prort ctiop in the interior, compared with the
board. Now, the restrictive theory be true, thu
fdsnt Of the terror being better protected, the ia
TN aSu reignt rcr-.s.. article operating as
dueie uuty, should be more prosneroas 'hA" WI" 1851
bah the sea board aut the farmers proaucts are
e'NS' "P'n tue fe< BOARD, and lower at every point
as we retire from il lover st Albany and Buffalo
SIN lower e. Erie, Cleveland Detroit Chicago, Lasae,
price Of all the farmer buys s proportionaby
enhanced and nothing but the fact that his lands
cheaper in proportion they remote from the TO-
reign market rabes him to sustain the competition
The pi ott ctive system Is ngrarian and war upon
property. 1t atteD pts to organize labor and capai
by law &C ding TO the profits of pursuit by reduc
ing that Of another IL is incompatible with the
rty Of capital or labor for capital is but the
lation OF the gains Of labor aud therefore, whatever
destroys the security profits OF capital, results
In an eqGal jury to labor. Besides its Injurious
effects uIon industry, 1t is an arbitrary and des-
potic power and If the people should become ae-
port snd protection, 1t would terminate in a struB-
gle ior the division and distribution, by Congress,
every year OF propr ty profits and capital the
favored clasfes. Nolegisation Of change the
Jaw Of capital and wager-nsmely, that as capital
augments being the from which wages paid
there will be increased dema nd for labor aud
ftqu5nt ad dion to its reward. Capital and wages
the weights in the opposite sides OF the scales vibrat
ing upchansiDg lawswapes asce pding as capi-
tai augDe nted and pital Is reduced
II then, we would augment wages. every lover
OF man kind must desire, must increase capital,
though 1t may transfer capital from one Il 10
another always diminishing The aggree9t1
wb re the transfer Is forced by law.
The belief 10 erroneous that, manufacturQ
crease in number tkll, capt. al ard products they
prletuste heh tariffs. When they attain this cor
ton and their fabrics exceed the home demand, they
desire free trade 10 open to them the foreign mar
k-ts In England this is nov the case, and their ma
nufscurtrs the great advocates Of free trade
orr manufacturers, in time, will be, and ultimately
unite with all other olasees In desiring the abandon
me nj o. g! sustsn houses and the repeal
Grenada, that fo-egn goods may ~
ware hou.es and landed In our port %
the Gulf in the ZANE that goode
ed in any port may be taken into 800
another. To prevent frauds upon thd
be necef ssry.to provide for the appointMO
go MIA 61no011 Chaafeo Ard Pau<