Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1848-02-10

Yet we arc 10 d thi, Low tariffs always Ia
vor the county aud promote the national
prosperity.
But this is not all. Tak- the exports from
the imports during these ten years ct low du.
ties, and it will b. found that he debt against
the people OF the United States in favor OF
foreigners, is l76, sc. 2i4 dol. What a sum
OF national property is here exhibited! But
Mr. 5. said thee was another very IN important
/ he wished here TO bring Ia the attention
81 the House ant the country-It was this.
that, during eight years OF the highest tariffs,
OF 1924 aud 1898. one hundred aud three mil
lions OF surplus revenue was applied TO the
payment OF the public debt, aud that during
a corresponding period OF eight years oil low
duties under the compromise bill, alter vast
Ing forty millions OF surplus revenue, a deb,
ot about forty millions was contracted; show
ing a failure OF revenues to meet e~xpendi-
lures. under the low duties, OF about eighty
millions in eight wears; aud IL further appears,
that after the tariti was raised in 1872, there
was paid i'll the tour years Of its existence,
nearly forty millions OF public debt; and now
since The repeal Of the tdrItl OF 1872. and .he
restoration oil low duties. the revenue has a.
gam run down, aud the national debt is again
running up at the rate OF forty or fifty mil
lions a year. Here are facts that speak vol
uines as 10 the effect OF high ani low torIffs
on the revenue aud national prosperity. What
d commentary /, This IN Folk and Walkers
theory oi low duties producing high revenue,
and high tariffs producing low revenue!
Such Is the evit nee in lavor oi Mr. Walk
ers position that low tariffs always turn The
balance oi trade in our favor. Such are the
happy effects OF hi, policy oil Tree trade. Low
tariffs always have been, and always will bc,
The ruin ui the country. LIT any man look
al the scenes OF general distress which al
NAYS have followed ihis insane policy; the
ruin Of hourishlng estab.i sh nents, the multi
piicauon oil bankruptcies, the Advertisements
ol sheriff : sales, The destruction OF credit aad
confidence, the pfostratiOu OF enterprise. the
stagiatlon OF Trade, and grneTdl condition OF
ant misery winch have invariably
succeeded thr adoption OF these false aud VS.
lHnary theories, aud he viii dad one OF the
best criterion. To Judge OF their political
soundness. And such, | say, viii always DC
me consequence ot d repetition VI The expo
runent. Mt Walker s1,s that lie, never
have followed. | say they always have
! heir whole theory IL d mls,akr, aud practice
" Ill ever 50 prove ii 10 BE-; snd when II Is put
Ia The very iace Of i-cls which every III
Neliigent man knows. it is difficult To resist the
NAH - bnt - httNlNtg Alik
here /, an o~ajeetto be attained by misleading
The public mad.
Agdid: Inc Secretary asserts that low du-
hes have always been accompanied By q great
y increased export 81 bteadstutfs. Aud he
the sudden augmentation in those
-xoorts a"nng the last s-asou, not To The ta,n-
me IA lre,snd, and the South OF Europe-nat
II oil; out solelt 10 this IA ,del TAMIL Ut 1916!
That Is what Tia, doue 1t all. Low duties.
lot starvation, have induced The people OF he
'ld world Suddenly to eat indian meal, and
all out iut American Bel. But wlsn To
'sk htn--lnd | pa, the same question TO
grutsrmrn in tais Hou%-li Tins re.
lucil0i OF DUTIES Is The lhiug which la, pr,.
Ilced - arg au export OF oFesdstufs. pray
why had II not, Ia THIS same drgree, incrrsssd
exports oi cotton aad tobacco? The r1.
'of' oil cotton under this new IN bdel tanf of
'ut modei Presl leHt, has bern less by tour
hl'Il'ns oil dollars than The average exports
yea yeafs pssi, from 1885 20 lS.51 less
Vooaceo ot %tnitton. aud a half-less of
n, ne0rly two millioas-le., of