The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-05-25

The l64Z was inc dst OF tue COuProHfec
iron in that year and in the following very low in
England and still lower in 1884, when the specific tariff oil
1872 operated In that the ad vaorem equivalent Tor
the duty was 50 per and tho consequence was very
small importation. Notwithstanding the low pr'ce abroad,
our farmers mechanics, and shPbuilders were deprived
of the advantage they might have enjoyed In buying cheap
iron in England and the revenue suffered also In 1917,
the high price in England consequent upon the rail-
road spec made it less desirable TO buy noverte-
less the diminished duty permitted the importation In
1913 iron fell in pfce bat that the invoice
price 80 per cwt higher than in 1890 the dmin-
shed duty made it the same 70 our consumers as in
1872 and the result that government derived
of revenue from bar iron, against $9 26O In l8Aan in
crease of than 10 per centwhile the consumers had
iron ships transportation, and trade generally
benefited. The excellence Of the ad valorem duty is that
while invoice prices rise 10 rs to make the amount
of duty high the speefc rate Of 1912, II enables
the 10 profit by the fall In the foreign art-
Gle. or all the metals, iron is confessedly the most val
liable and useful it is the instrument by which all in.
dusry is carried The plough of the farmer the nee
die of the seamstres and tho saw OF the carpenter are
all implements without which production would nearly
and the idea of taxing directly those articles which
may be said to be the foundation of civilization 80 per
in the material, is monstrous No one for nom Ont
advocates tax upon gold imported, although even the
ultra proe consts consider the increase of its supply
the great problem of commercial legislation. Now the
gold of Atlantic States have long struggled against
free trade In gold and the prolific mines of California
have threatened to reduce the relative value OF the
metal yet protect interest which il producing
metal supposed be- in the eyes OF certain school of pro-
ectioniss the most desirable of commodities, have the
ultra advocates OF home industry venured to propose
that interest On what ground them should
the implements by which all wealth produced be xed
20 per cent? 1t has been bitter OF plant against
the monopoly of the Amaden quicksilver mines by the
of Rothschds that the high price of that article
suing from the monopoly has been the OF dimn-
shed production of gold all over tho world, because
many mines were too poor to work when extravaganI
asked for necessary agent in the sxtrac'
ton of the metal. tax iron implements of in
dustry operates precisely in the manner to check
the general production of wealth. There is argument
which applies iron for the benefit OF miners
which will also apply with equal force to tax gold
for benefit of miners The enterprise and industry
the American people are, however, far active and
ergctic permit high price for tools check opc
ratons important extent. The extra price created
by the is, however, direct deduction from the
ngs of the workman Thus a carpenter 81 80 per
day and of that the and tear of his tools 2i
cents IT. by the operation Of tariff the price Of tools is
raised 81 cent 234 must he deducted for tools
1t in this branch Of business that those journey
who employed in jobbing, repairs on houses NC
paid in New York 81 IS day, because such work
damages the tools q day than regular work
and similar influences operate in every trade When the
of tools is raised by the nature OF the work. IT per
ccpble, and the practical sense OF the employer allows
the damage but when through the nsdious operation
the effect produced, the employer refuses the
allowance and the ourneym suffers diminished profits
without being able fix the cause The dispirting In
huence of smaller reward crashes the cheerful activity
tho mind diminshes the aggregate oil production, and
ultimately produces that state Of things which IL sppa
rent in the despang anguor Of the operatives of Europe
The increasing revenues Of the customs under
HANGED import Of goods in which consist the returns OF
sales of produce abroad indicate the necessity Of
moval Of upon all those articles which in any way
employed ia tho prosecution OF industry well TO increass
the national wealth allow of the OF large
portion by the producer.
The produce markets have improved considerably boil
in activity and prices Cotton in particular, under
tive demand has gone up cent, and quotations
loliowsi
| Ordinary Mid to good Mid. fair Fully fsi
| to good ord miidlng. 10 fair TO sd q
s Y o.: an: s' sss. a. H:a A:a s:a
The OF exports this year this time
fS ~ Of Inc United States, ,563 bales Flou