The daily national Whig. [volume] (Washington, D.C.) 1847-1849, 1849-04-13
DAILY NATIONAL WING.
\ WASHINGTON, ID. 9.
FRIDAY MORNING. APRIL 10, ls4s,
THE HOME MARK EFT.

FRIDAY AT -, to'o.
THE HOME MARKET.
The prices Of grain going down rapidly, as II
only verify the historical fact that grain always
/ commands the worst rates when the Wings are In
power. While this is So iron commands good
price and manufactures are hourishing and increas-
ing. In this state Of things, would II be imperunent
10 ask what has become of the home market =
Phil Pennsyiranian.
We can answer your question without the
slightest difficulty. TIE home-market l0as
partially destroyed BY the fariGaci Of ls46.
We might ask in turn Of the friends Of that
act, why have the prices Of grain gone down !
It is worse than childish to reply, that it is
because the Wings are in power The an
swer is, because the home market has been
partially destroyed by your tariff
When the prices Of grain rose, after the
passage Of that act, you pointed to it as the
cause Of that phenomenon. You told the
country, that, that act opened to the grain
growing interests the ports Of all the world,
and you gloried in the wisdom Of your poll
cy. You boosted, that the starving millions
would always buy our grain at advanced Pr-
ces, and pay US in their manufactured pro
ducts, the tax upon which latter, your act
had reduced to mere revenue standard.
The opponents Of that act told you, that the
rise in prices, which you quoted as evidence
Of the soundness OF your tariff policy, was
Temporary, was owing to the lamine IN Eu-
rope, that when full crops once more would
fill the gamers Of Europe, prices Of grain
would fall, that your act would destroy the
home -market, in large degree, and that
the grain growing interests would begin to
suffer and to languish under your legislation.
Now, we as the candid inquirer, which
party's representations are true The
answer is self-evident 1t has happened
precisely as we told you It would happen.
Europe, famished, starved Europe bought Of
US at high prices, until she recovered from
the blight Of famine. The tariff Of 1916
had nothing whatever to do in throwing
up prices. II helped TO bring them down
Had the tariff of 1912 existed, the farmer
would have got even better prices. lie
would have had two markets, a home and
foreign market. As it was, the tariff 1916
deprived him of home market, and thus
essened even the famine prices that then pre-
vailed. Your prediction, that the markets
of the world, being thrown open to our grain,
by partial destruction Of the home ana lket,
would always enable the farmer to realize
high prices for his grain, has not come to
pass. Nor anti ever come to pass, because
the policy Of your Legislation is to take away
the ome-market. While you propose to be
permitted to 60 where you can sell dearest
and buy cheapest, you forget that the oper
alton OF this system destroys the home-mar-
ket, and places you at the mercy Of the for
eign market.
II we would insure high prices for an ar
ticle, we must make til demand exceed the
supply. Do we produce that result by adopt
ing policy which lessons the demand
Surely not But the tariff policy Of 1916
necessarily decreases The demand for grain
at home, because it does not tax the impor-
tation Of foreign manufactured articles to
such an extent as toencourage their produc
ton at home 1t is manufactures that Gre
ate home market. Let manufactures dot
the water-courses Of our Union and throw
up their white clouds Of steam in every vii
lage and city, and home market will be
established that will be worth thousand
foreign markets. We shall not then witness
the grain thermometer rising and fall
ing with such ruinous rapidity. We shall
not then be compelled to record the reverses
that now attend the prosecution of all the
industrial enterprises Of the country. Steady
prices, quadrated by and quadrating the pri-
ces Of manufactures would be realized by
the growers of grain.
Should the Pennsylvania not be content
with our reply to its question, let it signify
its discomfort and it shall hear from US again.
The subject is one that never tires.
- s----