Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1849-01-11

competition alone reduces prices. II.
certain quantity Of nails are wan,.a \
one man, or one company of men Z sne
the making Of them all, that man !, "avs
pany will be very likely to demand s s.a.
price. Let another man or COMPANY s -.
IN competitions, and the anxiety 10 en- s00s
secure profit, will induce each "a r !" eng
sell; SO that-ailhough no more nail. se''
be made than just what are wanted n.;, n'y
Of the makers being aware Of tina, f ss" J.
consumers derive benefit from n. ' !.
sire Of each to secure the sale Of ~ - 0e'
stock. This competition is prod.. own
protection. The foreigner ha. o., m.aI y !:
and is unwilling 10 give il IN. Es
duces his price 10 the lowest no..; .s-
point; he invents new machinery r,r,.v
expenses, looks sharply about for chs. .'''
raw materials, and presses the homs y.
u'acturer SO hard that he is Obliged !, o'. J
sort'o the same means. Again, If the NAV.
iactnre Of the protected article becom. s'
profitable, domestic competition start. =
and will not cease to embark new c..:.r,,
in it,until The profit on capital 50 emDlar.I
Is reduced to the ordinary rate Of ma, 80
gained in other pursuits. s1'
There are some curious case. of ,h:.
sort. The article ofnais, which scc;d. :.
ally occurred to us as an ILLUSTRATION 's ~.
once protected by duty of 6ye cen, 80
pound. Thenthey were all made !, h,Da
Attention being forced 10 It by pruteclion
Yankee ingenuity went to work upoo !,
machinery was invented, domestic CONN
ttion ensued, and now we ha, abund,n..
II nails at less than the original pro,.c,;y.
duty, whereas without that protection nail
would. in all probability, now he made /;
hand and sold ut more than double I'M,
present value.
The protective duty on coarse cc,oo
cloth, in the beginning, was more than M
whole Of it now; and this reduction 4
price has grown in great measure Out a
competition. Without protection lie man.
ufactnre OF il here would not have been
attempted, but capital once embarked in Il.
there was a competition created between
the genius and skill and science Of the old
and new world; old machinery was per.
iected, new machinery invented on both
sides, till the cost Of production was les
sened by degrees 10 what il now is. Would
this result have happened, il the business
had all been left in the old hands?
Not 10 multiply instances-for The
same reasoning will apply to almost ever
article 10 which protection has been e1,en.
ded-we come to another great effec. d
this system, which has operated TO- still
greater extent in the reduction Of prices,
10 wit: increased production.
Take, for example, the article Of Lead.
Twenty years ago il was imported from
Europe, under a duty Of three cents. and
sold here al profit. This prutectiyedu.
ty turned the attention OF our own people
I" il, and now we produce not only enough
Tor our own use, but export great deal.
This production was stimulated by protec-
lion. II is so much added TO the produc-
ton Of world, and the effec has been, by
increasing the supply. 10 reduce the prics
|" all the world a. " ell a. to us. lis whole
value here is now but four cents, after be.
ng transported from the upper waters d
he Missouri river.
Take Wool. A few years since wehad
% import il for our own manufactures
Protection stimulated productions and now,
instead OF importing fine wool al seventy
i've cents 10 a dollar pound, we are ex-
porlers at thirty cents. The increase Of
production is probably 10000, 900 pounds
annually, giving $4,000, OOO dollars TO our
farmers, reducing the price all over The
world more than fifty per. cent, and q.
Getting the price Of cloth materially for the
benefit OF the consumer.
Take Iron. Without a protective duty
'ur mines could never have been worked
o any advantage, we should now be DE-
pendent on Europe for that ereat staple,
md, paying the old prices for it Now
'r rather two years ago, for the free TRADE
ariff has killed this great interest for tho
oresent-two years ago, then, our produc-
ion had reached. probably, 600, 900 tons
and this great addition 10 Tho
\ hole stock of the world il was, which
educed the price so low.
Take Sugar. Without protection i
would never have reached an amount
worth talking about. Now, the prizes q
'ugar every where rises or falls, a. The
;'op Of. Louisiana happens to be good Or
bad one, so large and important has ths
production become.
Take Coal. Protection opened the mine:
md il is now one Of the great interests q
he country. The immense prodnciiend
Pennsylvania and other State, has cheap
sned fuel every where, and all for the ben
etit Of customers.
Take Hemp. But a few years since
he question was seriously discussed
" neither it could be raised in this county
at any price. Protection settled il. H.
stead of being importers at 5000 ton,We
are exporters at 800, and even less.
We think these examples sufficient y
establish our position, that the efees3
protection is TO reduce prices: by COW
ply Increasing production.
And the obvious benefit 10 the iarne!
is, that he gets all he wants al lower pr
ces than ever, and pays for all he 0uy.
from the surplus productions OF h's 0S'
farm, sold in a steady, sure, ever lnc'es.
ing market al home; instead Of an uncel.
tain, and-nnder ordinary circnm'lancs,
IA narrow and Improbable market aOt0su.
There is one other very important pbass