New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-12-14

heir own wants and uses uluch Tess grherA'-
Protect as much as you please there will always
be large classes OF articles consumed which are
not produced nor rivaled among Us, because Of d.
gersitie. Of soil, climate &c. Only give our peo-
Ole employment with fair recompense for their
labor. and we shall import s10 100000 worth OF
articles which do no, compete with our own pro-
ducts, and twenty-five per cent on these Woud
afford a very fair revenue for an economical
Government. Mr.. Walkers mare's-nest IS there
fore as nlusory as that discovered by Mr.. Polk.
Neither is it true that England will not buy our
staples unless we buy her manufactures any more
than the stupendous hoax put upon Mr. Walker
that his Report OF 1916 caused the Repeal Of the
British Corn-Laus,, Great Britain buys Of us
in great part 10 work up tor her customers through
out the world, and might more properly pay az in
their products which we need, than in her own
which we ought not TO take. 50 long as she can
make profit on the manufacture OF our Cotton,
she will buy and spin it, and no longer, whether
We buy her fabrics or not. If she would refuse TO
take it, and let as supply Asia and South Amerca
with cotton goods, we would thank her bat 'he
will never do 30. 50 the Secretary will ingbten
Tanf. ever drained her Of specie and none ever
will.
When the Tariff OF ~ was enacted the ener-
yies Of the country had been prostrsted ~ long
course OF Free Trade and other q1sckery, and the
Revenue lander low Rerenvs Tsnh mud you
had run down 20 Fifteen Millions per snnum.
Our Government was compelled % borrow IN
profound peace 10 pay its way and found great
difficulty in doing It al a serious loss. Inc Iarin
Of A. was enacted. and 1t soon brought up the
Revenue to about Thirty Millions per snnum' bai
the country could not recover In day even under
the best ire atment and OF course the first year
income under that Tariff was very meager Mr.
Walker Jumps the whole four years operation oi
that act together, aud says the annual acreage was
but Twenty -Four Millions-which gives an entire
" false impression. Now he act went into opera
ton. not upon an exhausted country, with indus
try and enterprise paralyzed, but exactly the re-
verse and be has since had the Famine 10 hu-
rope and the Repeal OF the Corn-Laws to help
him. His Seven Millions per annum more Reeve
nue. under the present act Is therefore simply
juegle and one which a Secretary Of the Treasury
should be ashamed Of
Il is not pleasant task 70 expose these sleights
Of hand, but II is nevertheless duty. The keVe-
nue. from Customs for the year commencing win
July. a., and ending with June. =, says Mr.
Walker was nearly Thiry-two Millions ana says
he "fLis was not year Of famine abroad but Of
,bundsn, crops in Europe" These words are
trpe bat what they imply is false. Everybody
connected with trade must remember that great
a Rrao al gl
abroad on account Of the Famine Of '46-7. were
shipped after the opening Of our Canals IN the
Spring of a. 1t was then that the highest prices
ruled. and that grain was bought zap on specula
ton all over the country. We were Ia Detroit
in June. a.. when one Thousand barrels OF choice
Flour were sold there at - per barrel and all
must recollect how high Corn was about that time.l
Now those familiar with such matters must be
aware that our farmers do not begin to buy Silks
shawls. Dresses, &c for their wives and daush
ters m consequence Of such an advance M the
price OF their staples until after II has reached
them ami that the merchants do not increase their
orders until they have felt the new impulse. II Is
the naked truth therefore, that OF the foreign
goods imported and consumed by US IN conse-
ouence Of the high prices for our products created
by the European famine of A., the larger part did
not pass the Custom House until after the com
me ncemont OF the last focal year-July !, ls4s -
swelling the very years revenue which Mr..
W sker cites as unaffected by the Famine.
Mr. Walker significantly threatens with
desperate and destructive opposition from his Free
Trade friends the Smugglers IN case the Tariff is
revised and augmented We shall cbeeriuily take
the risk, aud confidently hope to render good
account of the whole concern. No great amount
of smuggling was done under the Tariff Of -
and. with honest aud faithful Revenue Officers,
little or none will be effected under that Of az
even though the Secretary were to demonstrate
after his fashion, that each smuggler is saint, a
patriot, philanthropst and hero.
Says the Secretary.
The adoption by each nation Of high tariffs, Up
the labor Of the word A. labor Ia more productive
capital rapidly increased, ard wages augmented
the tsrh by compelling esch naiion to employ pOr
lion OF its industry N articles which can be produced more
hsapy shOac, and reusu the exchag forces labor
hr0n. hout the world into less profitable pursuits and
consequence dimnshes The products u labor well a. s
wages Thu. sbs can be Manufactured al ess cost IN
Europe and bresdsiun more chespy IN Tins country and
by prevent The import Of suss here. while by
NJ tariff sbrosd their nsblly purchase from
viii not take their fsbncs IN exchange,
breadsmns excluded to greater or ess extent from
their and their silks from labor 10 forced
both countries into less productive pursuits and both
parties have sustained loss international tariffs diminish
e aggregate value OF the profits o labor 10 The extent Of
hundreds OF millions Of dollars every and reduce
resPondngly The wages OF labor
Here Is the main question az once begged, mis-
stated and misapprehended Mr.. w alker assumes
as solf-e, dent that if an article imported in the
absence Of any duty upon il the simple fact proves
that il can be made at less cost IN the country
whence II reaches But what IS cost Has
he ever thought Of this A ton of iron /. brought
from England 10 NewNork and costs we viii
say. forty dollars ton OF similar iron is made Al
Richmond or Pittsburgh, and, II brought TO New
York costs fifty or even sixty dollars. Here,
says the Free Trader, the case Is made out-ihe
British iron costs ten or twenty dollars less thaa
the American. No, my friend There is a great
deal more meaning in that word cost than you
have yc, extracted from it fyou prove that. ON.
ing to the better quality or greater richness Of the
British ore, its greater convenience 70 coal &c.
the foreign iron Is produced with less i9bOr per
ton than the Americsn-snd that this is not fac-