Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1848-08-25
Under me- Tariff oriei6.
1877 ll6s58,5l0 s3,7579tl
or 20 43-IOO per cent


or 20 43-1OO per cent.
We thus see a reduction Of upwards Of FIVE
per cent. in the rate Of duty on our importation
aud this Notwithstanding this lurIif bad been ~
opcrarion hut seven uut Of Twelve months ~ the
wear. Il is true that the foil effect Of this Iauii
of 1916 was postponed Cor year by The iam'ne
in Europe. which caused ms export iouy or my
millions extra in brcadsluils aud ndolhcrprovslons,
and brought IN twculy.iour millions m gold anu
silver coin. Notwithstanding the above large M
crease in the import Of merchandise. But how
stands the matter nowl We are informed by
the Administration paper, with great exultauon'
that the revenue from the Imports for the year
ending 3Oih June last will fully come up TO Mr..
Walkers estimate Of thirly-one millions Of dol
lars. What then must have been The amount
of foreign merchandise imported! Why, one
hundred and fifty 10 one hundred and sixty mil
lions! as plainly asthalfgure cannotlie. Here
lies the solution Of The whole matter.
Under the tariff Of l8I2, the same amount Of
importation would have given us a revenue OF
nearly or quite forty millions; but more Proba-
I Div we shodd have had an importation Of one
hundred and twenty 10 one hundred and thirty
millions and a revenue of thirty to lhlry-ihree
millions. We should thus have saved our gold
and our stocks. For in our present distress we
shall consider Il a great relief II Europe VIII
take from us some millions Of our six per cents.
in payment for the goods hich we do not want.
This she will doubtless do. In fact under our
present system, it is probable our whole war debt
will be gradually transferred TO Europe, as was
a large portion of that createdby the war oi 1917.
That debt was paid by the establishment OF The
protective system. So will this be; for long be-
fore these stocks fall due. we shall come 10 our
senses. The game Of folly will be played ont.
The democracy Of labor viii resume It's rights;
for il is the labor Of the country which is to sui-
fer. The first blow is upon capital. but labor
, cannot long escape. The iron masters are put
ting out their fires. The establishments. manu-
/ featuring woollcns and couons. on making up
] their accounts, find no return for their capital
I Their next step is reduction of wages. Ken
] lucky finds her cotton bagglng undcrsold by the
D East India gunnies. amtoldupwards OF TWEEN
c " cargoes of gunny in cloth and bags have beer
= imported within the last year, What says Burn
Glance Of the shipment of cotton from Grea
= Britain to the Unucd States! Forty-nine mil
] lions of yards of plain cottons in l847, agans
=. nine, twelve. ten millions lorthe three precedln!
years; forty.nine millions of printed and dyet
couons in 1847, against twelve, thirteen, thlrleel
f and half millions for the three preceding. -
Doubtless we are acting most benevolent par
i towards the labor of Manchester and Bengal
: and the miners of Wales and Scotland. Il
y crown our folly. we have the Sub-Treasury dis
persing what little specie remains in our cite
| into small streams from which it returns slowl
= and with difficulty
n After all, it is wonderful how the blunders r
b the Administration have been favored by kin
C fortune. The famine in Europe furnished spc
: Gle to put the Sub Treasury in motion, wilhou
5 which it had been impossible. The iniamou
S Mexican war, by its creation Of debt, furnishes
: stock which is aIevatng the pressure in tn
: moneymarket, which would dolherwise have bee
i, intolcrable. But for the European famine, on
worst fears Of the effect of the change of tarl
S and of the Sub.Treasury had been more tina
= realized. There is nothing cheering in the fl
a lure, but in change of man and measures.
$ A LOCKER ON.