Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-12-01

TARIFF FAcTs.-The Whig, last week,

TARIFF FAcTs.-The Whig, last week,
published a statement Of the receipts and
expenditures OF the Cleveland and Fits
burgh Railroad for the first six months
since it went into operation, which shows
the nett earnings Of 80 miles of the Road to
be $39 sos 45, being over eleven per cent.
on the cest of construction. This is, indeed,
good business, and liberal return to those
who have invested their capital in this laud-
able undertaking. and we cannot but con-
graduate the Company upon their good
fortune, and desire a continuance Of it with
liberal increase.
Our neighbor has somewhat lengthy
comment upon this statement, in which he
claims that the benefits Of the road have not
been confined alone to its stockholders, but
have extended to all classes Of community
that real estate along the line of the road
has increased in value from 25 to 100 per
cent.-that it has furnished points for ship
ping produce easy of access TO the farmer,
enab bling him to get immediate returns and
an increased price for his products. These
are facts which we have not the authority
or desire to dispute. Nor do we wish TO de-
ny that these results are all attributable TO
the completion Of this great work. Indeed,
This is point upon which we feel most hap
py to agree with our neighbor.
But the Wing is great stickler for the
fone idea Of whiggery-''protection," and
while it is telling Us Of the iacalcnlable ad-
vantages to all classes of community Of this
Railroad, constructed under the supervision
and control Of protection whig managers,
Of British Iron, the editor Of that paper is
weekly telling his readers Of the gross
wrong that is committed against the Iron
interests Of this country by the tariff Of 1916
in not prohibiting the importation Of foreign
iron by the levying Of higher rate of duty.
This Company, in the construction of this
great work, hare had to contend with al
mos; insurmountable obstacles, and the
Whig has been most forward in rendering
the full need Of praise to its officers FOR
the zeal and energy with which they have
met and overcome all difficulties, as it is
now foremost TO tell Of the advantages Of
the work to all classes. We would like to
have the Wing inform US what would have
become Of this Road and these great public
interests that have been so beneficially ell
fected by it, if the Company, by the imposi-
ticn of high duties. had been confined in
their purchase of iron to our own shores
at an increase of four dollars on the cost per
tons Would it ever have been constructed !?
IL, as was claimed when the county was
asked to subscribe an hundred thou sa nd
dollars to the stock Of the Road, every 9TH
er source had been drained, where were the
funds 10 come from for the construction of
this great work under wbig protsetirs
tariff! And as is the case with this road,
even so is it with all, or nearly all of the
roads throughout the great West, which
are developing her resources and pouring
wealth into the lap of her people. In what
American market would these numerous
railroad nies have sold their bonds
and obtained credit Of ten years to buy
American Iron with?
And yet, in the face Of these facts the
wings presume TO charge the democra-
racy with being opposed to the best inter-
ests Of the country, and what is still more
ridiculous, with being opposed to internal
improvements, when by their policy, they
would forever effectu lily shut the gate a.
gainst these works.