Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1848-01-12
y VOL. 0]lL.. 3 3. NUMBER SO.

49, - p .zt- p
= l}No paper viii be discontinued until all a
fe.rages are paid, except at the option Of the Pu
isherSE sass oaYfT .ffsJ lsssE esti@ssz
Reporter secretary Of the Treasur!
SPLENDID vINDICArIo
y,essz fsa -! OF go So
FR ID E E TsR A D E!! J.
ss.c III asI.sts!.s --ia.-zssg9 ~, sfstasyss.
The. following iss.hes concluding porto,
of the Report of the Secretary of the Treas
cry. Let no one neglect 10 give ii care
ful and attentive reading, for the question
(which il treats upon, that humbug ofhum
-bugscaaed PRorEer,os,'' should only b
understood by the people to receive ,hei
utter condemnation: The Report says:
The, new tariff has now been in opera
tion more than twelve months, and ha
greatly augmented the revenue and pros
perity OF the. country The net revenue
from duties lsee table my during tht
twelve months ending lst DECEMBER, ls47
under The new tariff, IS So, 800, 900, being
$S,52S ,5a6 more Than was received during
the twelve months preceding. under, The
tariff, of lS42.-T The net revenue o:the
first quarter OF the first fiscal year under
the new tariff was $ll,IO6,257 al, whilst
IN the same quarter of The preceding year,
under the tariff OF 1912, tho. net revenue
was only Sc, 50, ,s26 50. Ii The revenue
Tor tho three remaining quarters should E.
quail in the average the. first, then the net
revenue from duties curing the first fiscal
year OF the new tariff would bo $44, ,425,-
o29 3d. lf,howeyer, the comparison is
founded on all the quarterly returns for
forty-eight years, las lar back as given guar
terly IN the treasury records, and the same
proportion for the several quarters applied
10 The first quarter of this year, it would
e4its net revenue SAC, ,045 (per ia
bio G. Although the net revenue from
duties already received, te.ng $l5. .506,-
z57 4 during the FIVE months Of this fiscal
year, would seem 10 indicate its probable
Snioli IS hot less than S35, ,O0O. 600; vet
filialcd u sssl ,Ooe. 900 for the fiscal
! XeQr sndlnS 33oil June, 1915. aud $32,
! : 4 siiew
e the possible effects OF The revnision IN I
Great B ftain. Although our prosperity
ia ascribed by come to the famine there, as
though Providence had made the advance
OF one country depend upon the calafnl;ies
ofanother yet it is certain that our trade
with. Great Britain must he greater in Sc.
ries Of years, when prosperity would ena-
bic her to buy more from us, (and especia.
" cotton, and at better prices, and sell us
more in exchange. accompanied by IN aug
ssaentaiion Of revenue
In my report Of the 22d July, 1896 it
was shown That the annual value of our
products exceeds three thousand millions of
doilars. Our population doubles Cnce in
every twenty years, and our products
quadruple in the samc period-,hat beng
the time within which sum compromising
itself quarter early at six per cent. inter.
est will be quadrupled- as is sustained
here by the actual results OF this three
thousand millions of dollars, only. about
$50, 000, 900 was exported abroad, leav-
ing 81, $50, ,000, 600 used at home, of which
at least s500,000. 900 is annually inter.
changed between the several States Of the {
Union. Under this system, the larger the
area, and the greater the variety of climate
soil and products, the more extensive is the
eonnrnerce which must exist between the
States and the greater the value of the. +.
Union. We see, then, here, pnier the
system of free trade among the States
Of the Onion, an interchange Of pro. ,
ducts Of the nrnuni value of at least $780,
o00, 200 among ourtwenty-one millions of ,
peoples whilst our total exchanges, incl,l. i
ding imports and exports, with all tho world ,
besides, containing a population of q. thou
sand millions, was last year 1905, ,19I.26D. I
being an Increase since the. new tariff over $
Ihef preceding year OF S70,Ui4,647. Yet |
he exchanges between. our States, consist t
ng ofa population oftwenty-one millions, >
5eing Of the, yearly value Of $780, 0,0J0 900 i
sxchanged, make stici, exchnnge in our I
'svn country equal TO $23,8l per individu- e
i annually OF our own products. and redu- u
:es the exehnnge Of our own and foreign O
'roduets. (our Imports and exports, consid- S
red .as $3o9005, 900 with all the rest of t,
ne world, I'd the annual .alue of thirty il
;enls 70 each Individual That is, one per. te
'on' OF the Union receives and exchanges ir
'nnulally OF our own products as much as r,
eyenty-nine persons Of other countries. al
We're his exchange with foreign countries o.
xtendedi TO ninty cents each, it would bringi o
tIr Imports and exports up to $9UO. 900. ti
100 per annunn, and raise our annual reye. a.
ue from duties to a sum exceeding 500. h h
An addition Of thirty cents each E
) ths consumption of our products exchan- c
ed from State to State, by our own people, o
Eould furnish an increased market of the o
aide only Of Sc, 500, ,0o0;. whereas an in ii
rease Of thirty cents each, by system Of II
lberal exchanges with the people of oil the n
sorld, would give US a market for an addi. e.
lonal value Of three hundred thousand mil. n
ions Of dollars per nnnum, Of our expects. p
;uch an addition chnnot occur BY refusing to ii
eceive in exchange the proincts Of other ma al
ions and demanding the 100000, 900 dol A
ars per annutn in specie. which could new it
be supplied, But, by receiving foreign ly
'rodne.s ut low duties in exchange for our d