The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-04-03

us Trade aud nsvsn~s T~sins a. PROT, otaon aud
l,.plyiO is P,espsa. sgreullusal. sanuj.siur.ax.
eosmas-. and e"asess, a &s ops~i"s ef he gear
1881" -
10 nA' Burlington, New Jstssy .s
sR Having shown in my last thai the condition of
AIR coun,ry in its relations with other nations was more
osperous under the larot ls4o than thai OF 1912,
nav purpose in the same connexon, to examine briefly
he domestic business of the country for the same periods
and al the time answer specifically some of your
nroposilions You have IN instances than one
bu,ed the fluctuations in the crop and price OF cotton
he Influence Of the tariff and endeayored to convey the
mea that high duties increase and low duties decrease
boh the production and the price The price OF cotton,
Ike every other marketable commodity. il regulated by
The supply and the demand neither am able TO deter
mine bow you cam by any system OF political necromancy
connect short long crops with the revenue laws. The
prospect OF increased demand for coming year will
cause seed to be sown and greater supply and
he contrary will be the when the price is low and
hs market overstocked The also have an IN
auence on the quantity Produced and II you viii ex-
anime the date OF the first pckngs Tor the last ten years.
Won will observe that whenever there was early frost the
IRON was short II is very nataral The price should be
higher when there is short crop than when there Is
GOOD one and in order TO prove that such has always
Been the case without regard 10 the ,arlh WI cue
from the table on page 81 OF your pamphlet. For the
year is3e40 The crop 500 900 bales greater than
Tor lsas'3s, and the price fell from "A to cents Tor
The wear lS42-i3 the crop was IOOUJo Ddes Woc than
for isil42, and the price likewise fell from TO s
cents In 1884 the crop fell OF some 400 600 bales
and the price went up again TO cents The next year
me Weld was large one, and the price went down,
From lsl7 to 1850 the same corresponding fluctuations
in The supply and price of cotton took place In the for
mer year The crop nearly 100000 bales more than
that OF 1885, and the price fell from 10 TO ~ cents and
in ls4o with diminished crop OF nearly 100000 bales,
we find increase in the price OF cents on the pound
The price OF cotton here is always regulated by what II
sells for in England, because the demand abroad is so
much greater than at home il fixes the market value.
But if for the sake of argument. admit the tariff
trolls the supply. demand, and market value of cotton,
The facts Of the still found against you, because
the supply expectation, consumption and price all
greater under the act Of 1916 than that of 1912:
Production frportaon and average price Of cotton from
F0.aaI lSi3 TO 1850, Inclusive
Years Production. Expectation, Average price,
value. cents.
,sas to 1916 $500, 600 $l97, 600 POI 1857
1917 to 1850 9,s7i,0oO 253.795,725 SOB
The difference in the crop in favor of the latter period
is O69 900 bales and for the time the increase in
the value of the quantity exported was $780, 05,i3i, and
also rise in the price For the period the domes-
tic consumption increased, notwithstanding was al
legged the tariff OF 1916 would stop all the cotton mills
IN IN MI