New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-09-08

and two millions, being an averase
Of one hundred and thirty -four millions
AGAINST an average Of one hundred and
twentv.six millions. furnished by the crops
of Is45 and 1876, being an increase oil
SIR per cent. TO set against an increase
of population amounting 10 ten per CENT
and an increase of agricultural Popu-
lation amounting to at least fifteen
per cent, as our whole increase IS no"
beinp driven to the culture OF the
earth Free trade" as our neighbor
saws. makes large trade" II does So
and the size Of the trade is the test 70
which we desire TO submit the question,
nLether protection, and efectiUe protection
TOO. is or IS not The true road By 'ch'ch 10
arrtre at perfect freedom Of trade. If our
neiehbors have any doubt on this SUBJECT
we pray them to review the facts already
furnished in reference to the commerce OF
the West by our canals and by the Mis-
sissippi, and then to determine the ques-
ton whether or not "protection dlmn-
ishes trade" We have already accepted
the test of THE Union, that OF the power
of consumption, and we now accept that OF
The Journal, but have little hope that
either of them will have honesty enough
to he bound by the results afforded by the
tests offered by themselves.
We may now compare the imports paid
for by the exports under these different
tariffs. In doing so we shall, to avoid en-
barrassing our readers with unnecessary
figures. deduct the reexports of foreign
merchandise
Imports paid for with the crop of 1872 s5s2Dl'iC2
In this wear we paid little or none of even
the interest upon our foreign debt.
Imports PAID Tor with the crop of asa S
ls45- II .345,l76
- is46. -l3S, 1850
In these wears we not only paid up
nearly all the back interest on cur for
eipn debt, and resumed the payment
of the current interest, but discharged
part of the principal. Adding these
quantities. the results of the crop OF
1876 would be at least l25 millions, and
that of the crop of 1916 over $50 millions,
giving an average of more than 1877 mil
lions.
Proceeding now to the consideration OF
the existing system, we obtain the follow
ing results
Pad for with the crop of ls47, and certificates Of
debt 1900 -Sio''c'','i0
Paid for with the crop of lsis, and cert ..o,-.
fcates of debt l5i,'oo'of
Paid for with the crop of 1919, and certl 90. roo
hcates OF debit lofio'''V'
Total. s432 sos O0l
Deduciing from thus for the debt incurred -
III those years only ------------- So<'o|''VVi
We obtain as the result Of the crops Of
three wears of the tariff OF s3'OOOOooo
This is an average of Sl23,333,333 to
set off against an import Of 100000
paid for by the crop of 1915, to which is to
be added at least fourteen millions OF back
interest paid of and thus 1t is clear that,
| notwithstanding am immense increase of
population. our power to pay has been. to say
the least of it, stationary, tchrfe II more than
doubled from 1912 TO 1916. VIII our friends
of The Journal explain the cause of these
extraordinary facts Is it not evident to
them that when we consume more OF our
own products our prosperity is greater,
and that the true road to a great trade
consequent upon increased freedom OF
trade-is through protection We pray
them to answer.
The merchants, however, are In distress.
We have imported too much, and the
Journal nov hopes that distress may be con-
hnued. 1t is the only mode of "prevent-
ing grand blow up. some two or three
wears hence Such is the comfort It now
administers to men that for three years past
it has been steadily deceiving in regard to
the working of the system by aid OF which
it looked to securing to its British friends
a continuance of the monopoly of the power
to furnish cloth and iron, and a continuance
of their power over the manufactures and
trade of the world But few months
since it furnished this table, with view TO
prove d" the healthfulness of our COM
merce." 1t now desires to see pressure,
that commerce NAV be made more healthy ,
WHY, however, should We now antici-
pate "a blow up!' Nothing of the sort
was dreaded in 1915 or 1916, when our
imports averaged lbs millions, and our
exports not only paid for all these. but paid
of millions upon millions of back debts and
interest, and retrieved our credit, totally
destroyed under the Compromise. Why