The New York herald., 1850-06-25
.Ius or BnrADnury. AND PsovrsroS. Euo.rrD

.sxe Essort-
oder t.riu preyics, to 1925 per year. .slasIlsee
DO. comp 'D.ise tariff 1882 to ls4sa 80. l47s2 o6s
Do protective tariff: ls4s to 1s4e," IS 4ol7oo
Do. revenue tariff lS46 TO le4o -. lsll005e
0esrrsi average from 1871 to lS49, both In
eiusivs, per yeM. 1887, 100
This 10 very important table, one from which the
1t 'tinportsnt deductions be drawn. Prom 1871 to
the annual expectation Of brsadstufs and provi-
sn has, the average increased. In 1885, 37 and ss
value was snal, compared with ppsvious years and
since, In consequence OF the expanded condition
paper currency and the high prices ruling in
own markets. This, with thetr duced production,
ed by the enormous speeulstions OF those years
withdrawal of large numbers from the producing
sss enabled the grain growers In Europe TO
1y ycompete in markets, with Gus own grain
The i'm portation Of breAdstuns st that time
potshs result Of any actual De nciency In domes
supply as 1t will be seen by the above table that
large exporters, but the high range OF prices rul
:, In consequences Of the immense bank expansions
ousbout the country, created markets here for TO-
sn grain, and made importations exceedingly pro-
.ble The rapid reduction In prices ss soon ss the
. at speculative bubble burst showed eonclusivsly
I, at the cause Of the initiation was.
In1sse when the currency had become sonsidsrably
need the expectation of breadstuns Increased more
nffy per cent. compared with 1888 and as prices
through the operation Of the specie pslcy Of the
ernment, become reduced our sgriculturalists
We been better able to compete In foreign countries
ith the producers Of those countries and ship
n tnts have been larger than they before.
" is true circumstances independent OF this have
al very portant influence upon the foreign de-
a and these eircumsi anccs have created an enor-
consumption OF our products; but ss they are not
ksly to occur every year we must depend more upon
causes which are invarisble In their operation,
ecreation Of extensive and permanent markets
ifor our breadstuGs We sllude to the currency
&c reduction to q standard corresponding with
b.. q the nstions with which trade. without
/. vemust carry on our commercial operations with
countries undsr great dissdvantases, aad shall
Il times b. subjected to enormous importations
limited expectations, to the accumulation ofiargs
4lances sgainst foreign trade, 20 be nqui.
T. by shipments Of specie. or large remittanoes OF
public securities IL IL the height OF folly
talk about projecting this interest aud
interest by an increase Of duty, while
currency is subject 10 the most enormous sxpsn-
. and prices for goods ef all kinds. foreign aud
.,Jc. Gan be up forty and hfty per cent ct
a,s. All the foreign manufscturer wants is an
on In our paper currency; give him that. and
ess msy put on any duty 10 psss.es. An Inflated
sSr.ney hiss great tendency te check exports as
BE- ha, to increase our imports II has injurious
hnau-nee upon commsresl matters of al kinds u
cres srtravaganee and consumptioa OF M iurure
the actual ability of the sss.es increases
c and privst. Indebtedness. promstes pseulasion
artificial state Of things In all departments OF
aus classes Of society. II enables the indsstry
ga nations to compete successfully With our
isans. and opens markets to the whole
od closes foreign markets for our products
- time this subject received more attention
yet hss from those Who iegislate upon ths
rmereisi Affairs Of the country, that they may act
tandineiy In regard 70 such Important SUBJECTS
annexed abatement exhibits the debts snd
fthe rank ~ British North Ameries, at the close
,,sr 1sie:-
Bsss oy Bsfrsu Nosru AMERICA.
.9ssefs.
It's. ................... 17T3s 500 10