Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1848-01-12

-4'' slN, 1C4C.
,, mage increased, from the year 1889 to lsO7
at the rate OF 22.7l per cen:. per annutn
IRON 1889 to 1892 ut the rate OF 25. .23 ne
ct. pr. annum; from 1882 TO '42 at the ro,,
OF 6o9 per cent. per annum; and in the sin
gle year, from 1916 to ls47, 1915 ne
cent. Such was the great and uniform in
crease OF our coastwise tonnage under low
duties. Now, under high duties, the in
crease from 1916 to 1882 was at the rate
OF LOU per cent. per annum, and from
| ls42 TO 1886, 6.45 per cent. per annum.
mus we see an immense increase. unde,
| low, as compared with high duties. of the
coastwise tonnage; proving that the nor,l
ysis OF foreign commerce, resulting fron
the restrictive system, affects iniuriously
the home market and the trade between
The States. and furnishing denons1rative
tproofdh that, whether we look at home or a.
broad, we progress more rapidly under
liberal commercial policy. AS the foreign
tonnage rose under low duties duties. ias
the table proves, SO did the coastwise; and
as the foreign tonnage declined, so also
dld the coastwise tonnage; and during the
high duties from 1916 to 1882, while the
ioreIgn tonnage actually decreased at the
rate oi Q 80 per cent. per annun, that of
the coastwise Tonnage only increased at
the rate of 1.5O per cent. per annum.
I ct, during that period, the increase of the
coastwise trade ought TO have been i'm.
mense, including, as it did the era Of the
introduction ofsteam navigation to q vast
extent upon the rivers Of the West, as also
upon the lakes of the Northwest, and
the opening ofthe great canal Of New Y ork.
1t is said that the famine in Ireland was
the sole cause of our late large export of
breadstuffs and provisions. Now, from
1880 the values are not given so as to be
stated in amounts, but the quantities are;
and these prove, that even omitting the
last year altogether, and comparing the
low-duty periods from 1890 to 1907. and
from 1888 to 1912, with the years Of pro.
lection from 1917 to 1882, and from 1912
to 1846, the average export of breadstuffs
and provisions was much larger in the
years of low as compared with high duties,
especially, considering the difference Of
population.
AS still more conclusive proof that the
export of breadstuffs and provisions was
much greater ,unde low than high duties,
it appears by table DID. that our total ex.
port of cotton from 1890 to 1907, both in
elusive, was Of the value of sl,O74,s43
dollars; and during the same period our
export of domestic produce. exclusive of
cotton, was $3.50, All, 1874; making cur ex.
ports of domestic produce, exclusive OF
cotton, al the rate, from 1870 to 1907, of
29,467,285 dollars; which, it will be per-
ceived at once, vastly exceeds the average
annual exports of domestic produce exclu.
sive of cotton under years of high duties.
Indeed, the tables of the Treasury clear.
ly prove that--whether we look at imports
or exports, the revenue, the gain Of specie,
he Tonnage coastwise or foreign, the coin.
age at the mint, or the export Of bread
'tufs and provisions-the balance is large.
y in favor of the low-duty periods.
The department has thus reviewed the
books Of the Treasury, and presented the
'esults, constitu ting the record of a nations
history from the foundation Of the govern
nent down to the present period, in con-
Iemnation Of the protective policy
These records show as to imports and 1ex-
'orts, revenue, the gain Of specie, the ton.
lage foreign and coastwise, the rate of in
'rease in each and all of these cases is
,reater undor low than high duties. These
ecords are not arguments merely, but as.
results, amounting to mathe-
natica! proof that the nations advance in
1ealth is most rapid under! low duties; thus
us,aining the views Of those great philo-
ophic writers, unconnected with party,
Tho, both in Europe and America, have
maintained the same position.
Comparing the first twelve months
nding the lst Of December, 1647, un-
er the new tariff, with preceding years,
e find proofs Of increased prosperity.
he revenue has largely augmented; so
lso have the imports, exports, and ton
age, our imports of specie, our coinage at ,
le mint, our agricultural and mineral
roducts, our commerce and navigation,
le business upon our lakes, rivers, and {
Upon our railroad, and canals (
whilst in every direction manufactures +,
re being established or enlarged, and new I
towns and cities are spring
e into existence. Even the revulsicn ,
! England, which always produces such |
sasters to all our great interests, inclu- s
ng cotton; this year, with the famine .
affects nothing thus far compar- {
with former years, but the great staple r
cotton. Instead of ruin, we find pros T
Gritty; the manufacturers receiving fair i
rofts, and the workingmen augmented a
ages and employment. Coal and iron t
e in greater demand, and bringing bet- g
r prices than before the repeal Of o
% tariff Of 1912; yet they can derive il
, portion Of their augmented price from o
at famine abroad, to which is attribu. v
by some all our existing prosperity; c
1t which famine, in fact, is causing Il
mporary drain Of specie to England, not 81
pay balances, but because bills are dis. c
edited, which has for the time depressed Ii
g price of cotton, and which is the only IL
ief check at this period to our advancing Ia
If, as is truly the case, our p
eallh as connected with the mines, the ii
rest, and fisheries, our agriculture, COM IL
cree, manufactures, and navigation, are ii
ore prosperous, and. above all, wages are b.
gmen:ed, why should we change the OK. I'll
ing system9 The predictions Of its fail. e