New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-10
True Policy Of New-Ycrk ue~caan's'

| l0at OF me nfSlLnlec QudIVels W .u'
fiscal year was.----------- y io,oZ4,fV
| And If we add for the fourth
quarter II the same proper
ton NEUTRALITY-SUSPICIOUS. V'~VotIo1
We obtain a total of----------------s 2i,sS2,ooZ
Rem U' sn increase Of ten millions OF dollars.
The average import Of manufactures OF Wool IN t5e ne
last two wears of the Tariff of 1912, was $lO,SOOoOO
That of the three quarters Of 90. 90
the last year was- , , S9o's<S
Add for the fourth quarter 3,2yo,oO.
We TINS Obtain a total Of $2l, ,43o
Beng an increase Of nearly similar amount
We find here an excess Of twenty MIL
lions of dollars TO set against dlmnuton
in tea and coffee, and against an excess OF
tpcnty-fre per cent. in the quantity OF COM
modities imported from this country into
Great Britain; and against the fifty, sixty,
or seventy millions of coin and certificates
of debt transmitted to that country. This
would seem to be paying dearly for the
whistle" called Free Trade.
simultaneously with this increase In the
import Of cotton goods we have dlmlnu-
ton in the home manufacture OF cotton
goods amounting to no less than one hum
dred and sixty -four thousand bales, or about
eighty millions OF pounds Of cotton whereas
the total me,gh of cotton imported does not
exceed thrty-fve millions of pounds; and
the increased import is under twenty mil
lions
simultaneously with this vast decrease IN
the quantity of cotton goods, foreign and
domestic, brought TO market, we have
large increase in the export, proUlng great
dimlnution IN the pOtcer TO consume, the
test established by our friend of The
Union for trying the effect of the Tariff Of
1916 upon the prosperity Of the people.
In the year 1850, the export Of domestic cotton
was 81 ,933l2y
In the year 1880, the export of domestic
In the first three quarters OF the
last fiscal year 1t was .------S 4,72927l
And adding for the fourth quar-
I'm the same ratlo---------.... l,576423
We obtain the sum of.....-...------.-.s6,S Oj,694
Agreeably to the statement of our free
trade friend Of THE Democratic Rec,e'0,
these 90 about 20 yards to the dollar, which
would give a total export of l26,000,o0O
yards, and an increased export in the past
fiscal year of about 100000 yards, or
nearly 100000 pounds of cotton, ac-
companed by a diminution in the quantity
manufactured. amounting TO no less than
sO,OOO,O0O 1t follows, of course, that un-
der the influence of the Tariff of 1916
there has been dimnution In the home
consumption OF domestic cotton to the enor-
nous extent of 90,OO0,000 Of pounds, while
the population has grown in amount nearly
3,OOO,0 900 and to balance this we have an
increased import of from 100000 TO
10000, 900 of pounds, for no part of which
we have paid, except IN the form Of era
dences of debt, bearing interest.
Free trade makes great trade. We
pray our friends of The Journal Of Com
merce TO explain which is the system that
makes great trade, and which is theretEe
to be regarded as the true road to perfect
freedom of trade. Their mercantile readers
would doubtless desire to be enabled to de-
eide whether it is that under which the
people become impoverished and are rem
dered unable TO consume tea coffee, sugar,
or clothing, as is now the case under the
tariff of 1916, or that under which the con-
sumption of all those necessaries of life
grew SO rapidly as it did under the tariff
of 1912 We pray, also, that our friend
of The Unon Will inform his readers
which is the system which leads to pros.
perity, that under which the people are
enabled TO increase their consumption, or that
under which they consume less, as they are
undoubtedly dong under the " benign" III
fuence of British Free Trade as carried
out in the Tariff OF 1916.
Its when trade increases that merchants
grow rich, and when it decreases that they
become poor We pray, therefore, the
merchants of this City 20 study the facts we
have given them, and determine for them
selves whether the present system. under
which there Is a daily diminishing power to
purchase the conveniences and accessories
of life, is likely 10 tend to their enrichment.
If they desire to understand why it is that
the power of purchase diminishes, and why
it is that their goods decline in price from
day 10 day, let them study the following
facts In reference to a single locality, and
let them, while studying it, reflect that
this is but specimen of the system tina,
has closed furnaces that were making
100000 tuns Of iron, and mills that were
consuming 100000 bales of cotton and that
has rendered unproductive capital to the
extent Of hundred and fifty millions of