The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-10-14

hons Of bales over the product of the four
years previous, and that at period when the
manufactures of the country were but just be-
ginning to revive after the almost total proslra
ton that had resulted from the action of the
compromise tariff The consequence of this
was greatly increased necessity for depend
ence on the market of England precisely the
necessity now being produced by the tariff Of
lSi6-and with the increase of that necessity
came prodgious fall, as is here shown the
price per bale during those four years having
averaged less than thirty dollars. The OBJ
ject Of the table of the Union is that of dlmln-
ishing the exports of this period, and coneeallng
the fact that the low prices had resulted from our
increased dependence on England, consequent
upon the employment Of the previous seven
years in revivng all that had employed them
selves in furnishing machinery for the manu-
facture of cotton into cloth, and concealing il
for the purpose Of deceiving its readers into the
belief that the depression was the result Of the
tariff of 1912; whereas, had that tariff not eX-
listed, there must have been in those years
greater expectation by at least half million of
bales, and further depreciation Of value to the
extent of at least five dollars per bale Ii was
the tariff of 1912, and the greatly increased do
mestic consumption of cotton, of which it was
the cause, that in those years saved the planter
from ruin, as must be obvious to any unpreju-
diced man who will study the facts.
The crop of 1907 fell short almost half
million of bales, and the low price Of the pre-
vious years having stimulated consumption, the
stock on hand of American cotton, in Liverpool,
at the close of l847, was less than it had been
at the close of 1912 by almost hundred thou
sand bales, and the price had consequently ad-
vanced, not because Of the tariff of 1896 but
because of the combined Influence of short crop
and greatly increased home demand conse-
quent upon the working of the tariff of lS42, by
which the export was reduced to ,24l 900
bales. or more than sir hundred thousand bales
less than the acreage Of The four previous gears
To cover this up, in part, our Democratic neigh
hor adds II 900 bales to the exports, after hav-
ing locked the two previousyears to the extent
of almost half million!
The crops of the two preceding years
.
bales,' of which the domestic consumption alb
sorbed million, leaving more than four mil
lions to seek market in Europe; and now was
afforded an opportunity of testing the working of
the tariff Of l846, whose author had insisted
that the true mode Of enrching the planter was
that of closing the mills and furnaces of the
Union and driving the whole of our vast annual
increase of population into the cultivation Of
food aud cotton. Unfortunately, however for
the theory, the price fell lower than before, the
average of those two years having been only
S27 rs per bale, being reduction of almost
one-third from the price of the crop of lS46-'7.
To state the facts truly would, however, be to
reinquish altogether the defence of our present
Democratic policy, which looks to the reduc-
ton of the American laborer TO level with the
pauper of Europe, and therefore it becomes
necessary to add largely to the exports, and
this has been done to those two years, to the
extent, as has been seen, Of no less than eight
hundred and thirty thousand bales Such is
the honesty of those advocates of the mainte-
nance of British supremacy over the trade and
manufactures OF the world
The joint product of ls45 and 40 is here set down
at ACKNOWLEDGEMENTS. 1914 SOC, 900
Ii now we add to this the price of the
4S9, 900 bales that have been suppress
ed, at an average of 500 so per bale,
we obtain about Observation-Disclosures. IA, 500, 900
And total s 100, O00, 900
Or an average of Observation-Disclosures. 81, SOC, 900
The product Of the years 1913 and 40
is set down by the Union at. .... 1927 400, 900
From this there are, however, to be
deducted the s37 900 bales fraudu-
lently inserted in the table, which,
at average of $27 rs per bale,
would give Observation-Disclosures. 23,2OO, 900
Total for the two years..,...., s l04 200, 900