The Arkansas banner., 1849-07-10
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AA8tes us 42kNate " 45' u"'eA s* k-se t4sE uoa of Sar sO sAe b%se6ts lhat lave fqptss ,o he eeautry ifsm the saepsion of asmoesai'c meaArss- nuriak tte canvass @ lss4, aetusl measures were 90 bitterly dsIoanced and so vess- mensly opposed by the whig party ss" tbe annexa- ton of Texas psha e tariff, solely for revenue" rh=ss Ssre tho sekns xledreA fssaes tessesa. tAe two parties; they were as ssardily and necessarily advocated Sy ths dSaSoersey as they were OPpOssd by federalism. The good ssnzs ef the l@erk pre- vsilod-they wers adopted as the policy of the na- tou. and time hss mass tgiumPkansiy proved tlssir efficacy and utility. Ne eas now has the temerity 10 dcabt the propriesy or expediepeyof having re- ceved iato eur coneaeracy the e lone staf " State; and the daily increasing prosperity of car cOasnsr cia relations develops nnqaestionablo proofs of ts superiority of democratic tariff for reveans, over tho protective policy sought be fastened upOn the coaHtry by whig leaders. The enc protects and fcsserv the interests of the wealthy capitalists who manufacture, al the expense of tho Peor and lndu1 trieus taborers who consume; while the other Is tasds so bear, as nearly possible. with equai weight upon all. The oae is inteaded to Preclude competition, and to enable the moneYed mea to monopoiizs the profits of the labor of those who earn their breaa bv inc sweat of their brows, and to force them into state of abiect dependence; while the other invites that rivalry which eonsti- tates the life Of trade and secures to every man the proceeds Of his own ndastry.
 From statistics compiled by the commercial cor respondent of the Washington Union, it appears tasf in the article of cotton alone. underline opera ton of the protective tariff of iSts, in four years the increase of ths home consnmPtion was i5i7f7 bales; and in two years, under the existing tariff regulations, adopted in 1916, the increase of this home consumption has ainounted to abont 23oo 100 bales. At the same time with this increased con sumption, the profits of manufacturing are beco m- ing more equaiised throughout the Union. The southern States have been enabled to compete with and share the interests so long noaoPolzed by New England. In Georgfa, the C4rolinss, Florida. Ala hama and Tennessee extensive cotton factories have been established, which have been source of im- mense prof, both othe employer and the operatives Arkansas las equal, if not superior, to any of these States and hope ere long to see her fine water power turned to some account. Com- nensurate with this increased consumption of raw material at home has also been the extension of the foreign market for oar agricultural productions. In our commercial relations now enjoying sou nd and permanent prosperity and the increased export of our productions has enabled the better to build up and encourage home manufactures We have also the qualification of knowing that. under the present system the la6orers themselves receive full share of tho profits of these manufactures When competition Is shat out, the price of manu- faetured goods is ruised the consumption is fhus limited 10 those of greater means; fewer operatives are employed, and the capitalists receive nearly all the profits of the labor exercised. By allowing fair and unreslrained competition, dle prices low cred; the products placed within the means of almost every man; greater number of hborers are required; greater quantity of raw material is ne- cess,rily consumed. and those who are engaged in producing itteceivs their share of the profits This proposition is thus stated by the correspondent of the Union:
 .. It consequence of selling large quantities of goods at low prices that the producer of the raw material and the operative obtain larger share Of the profit at the expense of capital. When great deal of cloth is 10 be given for d comparatively smaii amount Of money, there IS larger demand Tor raw material, and fof labor to work it uP. This increased demand raises the value of both. and the competition lies between capitalists, whose profits are diminished Fot this reason it Is that tariffs are so eagerly sought by the companies and miIlioaaires. By preventing the competition oi foreign capital, prices are kept at such ia.e as gauges consumption within the production of the raw material and the supply of labor; both these, <sFf the margin of his profits is great in proportion. The moment. however, capital compet.s with him, ar'i lower riices, under the continued rivalry of capital stimulates consumption, the operative and the producer of the raw material are emancipated. On this healthy basis he factories of the Sooth and West growing up, supported by steady currency; and they will continue 10 grow as they have done, under the severe competition of the large capital of the East antIi the local demand being supplied, the cotton will go down the Mississippi in the shape of cloths, instead of coitcn."
 This was formerly one of the most intricate aud complicated subjects of national policy. It is, how ever. daily becoming more sim2hled and better un- derstood. It is indeed important, so general, and powerful in its effects upon the interests and l income O: every c.hsn, that it should meet with universal and attentive consideration. It becomes
 plan and simple to all who will investigate; 1t is only difference between aenm asd tsam. The pro
 tective tariff takes the money out of our pockets
 and coafers t upon those who have already amassed
 immense fortunes. The tariff for revenue enables each on .o realize the profits of his own labor. Thc coaittion.
 Since the recent democratic victories in the State