New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-24

i
command 90 or 90 II not even 50 cents per polnl-
With a large crop OF grain tAe pi4Ce 10 W
small one 4 rises. 80 - Is Wi sugar, coi''e' WIZ,
indigo and every other oI ihe CoHiin'''i''' i'-
for INC use Of man. . ..
Increase Of supply tencs thus TO diminish me gen
eral UylCe-dlmnItlou 20 increase j. II P'o.e.,'''
tends 10 promote increase OF supply H must tti-,
,ben - D-oducc dlm,nuilcn N the general narAei
prlCe. and That dlninutlon consumes 49, 80
against the duty II the Gimnution oe G44di ~ ont
a rer, OF the duty he remainder T. pad ot ne con
e,irnrr AGAINST winch be has 20 ser or lhf piot> r.
e,,!ng from bringing &c market Tor ms pFol-ce ~
ms door and the gam resulting irO.d inc power ~
restore the manure 10 hI, land ana from oehs e"d-
bled 70 apply aoor tnei would otherwise nave oe-l
wasted II the dImmucon IN the general plice ot
equal 70 the Whole dlty. then ne "lo.e amour. %
dirty falls uuOu the fore pro- I er. ana me Noi'>-
,c CONSUMER paws nothing, ul.ie Sroftus largely Dy
,bc d1ues,- market frushff hiG ~ nc 11en tqoSf
coDtition las ccmpAed tae Ted~ct""l 90 "'e J0''-"
In ,sA2 the domestic production Of IRON but little
exceeded 2O0OOO tuns and there was reason 20 oc-
6eye that II would speedily ia.l much lower. we
wears snerUard under the action oil the farm OF ~
Il had reached coo tunS. The quantity OF IRON I'D
the general market Of the world mad been largely IN
creased by the protection tina, had been afforded 10
the domestic producers, and 70 our increased power
of production IS unQuestOnaby due the 10" prlce 10
which the foreigner is now compelled 10 submit tlt,
he NAV obtain an entrance mo our Hidlhtt ADoi-
sb the existing duty, and shall cease altogether
70 make IRON, the consequence OF when VIII pc ta'
the suuplV IN the market Of the world VIII DC so
greatly diminished. that The prcc Will rise Tar more
than the duty, and thus the foreign pToduceI Will
rocket what the treasury ceases 10 receive II 20,
must be obvious that the duty IS now pad oy the
foreign producer. and that the only eject lit cOud
yeeuit from ill., abolition would be that OF transferring
10 the consumer the tax now pad by the prOiucer
In 1917 we consumed almost million Of tlns, OF
which s0O0O0 were made al home. Had the larH
OF $40 remained untouched, We should now produce
al home l,2jOOOO tuns. were We 10 dDouSn AL pro
lection closing the furnaces al once instead OF DONG
II by degrees, u We are now dong, 1t would Dc ne
cessary to import at least 100000 tuns to enable ne
TO consume as much per head as we dlu IN le1o-'.
Al wh hat urlce could that quantity be supplied Ger
tainly not less than go per tun and tle cost deN-
cred here. duty free would moi Dc less IMAM 91'-
The abolition o. al duty would mus ncFhaoty RAISE
the VrcC. because g; would diminish the genera sup
ply Were sc. on Tie contrary, 20 RAISE the duty 10
500 the price coDd not rise 0b0re so because every
furnace IN the country would be reopencd, ana me
general supply would be largely increased the ei-
feet Of which would be- 10 cause dlmnujon oi
prices m foreign markets, even below their present
point, for While competition is maintained, the Tor
CiCn producer must pay ne duty.
Thus far our IrOn-md>tcrS have struggled To mann
tam competition, and the supply I'D the general mar
kct has been large, the consequence OF #mch is seen
10 the present lO~ prices. WITH announcer wear Inc
mass OF the remaining furnaces WILL 60 ont oi blast
and then, the supply m the general market beng
greatly reduced, the prce VIII rise 10 point so hlsh
as greatly 20 diminish consumption. iol we certainly
cannot pay for even nan mnoh Oh 'uIl> oil loIeish
iron at a cost of 500 trn. The choice presented to
us for consideration appears TO us then 10 DC ms
Fast. To abolish the duty altogCther ana close al
once al our furnaces importing from abroad or
whole supply AT cost, including freight and charges
Of 500 per tun
So.ond To maintain our present system, closing
our furnaces 10y degrees, and thus diminishing the
supply 10 a point al which prices abroad viii rise ~
Il los &c, and the consumer VIII pay $50, until
The next period OF speculation, when ne VIII PAY @U'
or so. II NOT $50
TE,rd. 10 raise tine duty so a., 10 afford real pro-
lection enabling the consumer 10 ootaln ms IRON
now 1T $50 with "a certainty Of It's reduction TO @O'
In the first case, the consumer VIII pay $6o, and
the treasury VIII receive nothing. In tac second Ac
VIII pay $50 and the treasury VIII receive $40. In
the third. he Viii pay no more, and Inc treasury VIII
receive so.
That tins view as the correct one VIC entertain no
doubt. The question We have undCrtdken 10 answer
Viii. however, be- answered for himself boy each and
every one OF our readers, after giving due considera-
ton TO The following
At what price can We be supplied from abroad with
IlOOoO0 tns of iron. freight and charges pad, and
duty free can II be less Than 500
At what price must our mon-maSters supply as
with the same quantity, under a duty NulhclthlY
propccNc say so per tunl 10 open all the furnaces
OF the Union ~ they, under existing circum-
stances obtain the market al more than So per tUn
Having SWercd these questions, as We feel as
,rred they must. IN the negative We would then ask
our readers to determine. II they do not so,tc the
question that is The foreign producer OF IRON mat
pays the duty. and If the consumer is not. under me
protective SYSTEM supplied at cheaper rate thul ne
would BE were al protection abolished
II may, perhaps. be ASKED, Ii iHct> rise abroad
Will not our Old furnaces be rc-opened, ami viii not
new ones ne hul &c In,an>Wcr 10 tnis We nave 10
saw that when the furnace master has been ruined
and ms furnace has been transferred by the hands of
the sheriff. the power 10 reopen a. does not exist
Abolish the Ianfi. and hazard httlC IN saying
that there vail NOT DC found IN ,hC Union a single
man willing TO enter INTO competition with men IKE
the British manufacturers whose motto j.. Rule or
run" We al. hereafter have occasion 10 cXmon
>pCtmcniS Oi the enormous extent OF reduction that
is submitted To. so long there exists evcna nope of
/ running their competitors, and securing oar market
10 themselves
Among our readers there Is not single farmer
thai does NOT know That The cost of gong 10 mdrNt
fails on himself tine producer of the Things Tor winch
/ amarkct must ne sought. GIVE INN turnpike and
he saves par; OF the cost OF transportation. the con-
sequence OF which is that ms land rises ln value
GIVE hmm railroad, ana u rises again. From gay
/ 10 day We see accounts o. increase m the value OF
/ land resulting from TIC opening OF roads. by means
/ ot which the cost attendant upon seeking market
! has been dmln >neO.
The first thing 20 bc paid by land transportation
When that - 80 great 20 cat mp the whole pro
/ CCCCS, the land Will remain uEcultlyatd. DIMINISH
tho cost of transportation 90 leave sufficient To
pay The WAGES of labor, and vii be cultivated, oui
/ II viii pay no rent. DIMINISH Il further. 50 as 20
/ leave surplus over and above the reward Oi the
/ hborcr. and the land Itself viii acquire value
Diminish 10 stun further. by removing altogether the
/ necessity Tor transportation making market on the
land for an the products OF the land enabling the
farmer readily 10 return To % ali the refuse of lt>
/ products ana VI NIL acquire the highest value of
/ which land Is capable. The increased price pall
Tor land wherever roads made. or being made,
admission on the part oi those who purchase. that
/ The expense Of getting their agricultural products
/ 20 market falls upon and is pGd by the producer,
who has 10 bear the cost of transportation. and.
part of 10, oN duties levied al the iolgatcS on the
! way
The only difference between the raw material
the first rude product of the iind-dnd the same
/ terM transformed and combined with Others no the
shape of manufactured fabrics. U.s. that the prOduc
non Oi the former there is universal competition
/ When We subject foreign manufactures 90 duties,
with view 10 the production Of domestic ccmpC-
titOu, the law applies all Us force and The for
Clgn producer must set 20 marke; al has own cost
paving al the tolls ana duties out of his pocket
When II = not -, whenever the consumer has 20 90
away nom home for the ARTICLES he desires 20 puT
chase. he PAYS als own expenses. The cost Of trans
porting the T6W material which he brings 10 eN-
change and that OF carrying back with him the cloth