Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1852-07-15

ddiilS loliOWe0, iuii VI PdssenS
The funeral ceremonies at Lexing-
ton were 10 take place on Saturday
last.
Iren-The Tariff OF is42 aud Is46-whIg
Policy and Democrntie Policy.
We have been interested in the read
ing of speech lately delivered in the
lower House of Congress, by Mr.. Ste
vens, of Pennsylvania, most of which is
devoted to a consideration of the tariff
laws OF ls4a and 1916, more particular
ly as affecting the Iron business. Let
it be remembered that the tariff of lS4e,
passed by The Wings, which discrimina-
ted in favor Of American manufactures,
was repealed and the ad Udlorem system
of 1916 passed.
The workings of this ad ralorem tar
if of 1916, are thus shown.
"When protection is most needed,
the Gd udlorem system affords the least;
and when not needed at all il becomes
burdensome. When foreign iron costs
$50 per tonin Europe, the duty at thirty
per cent. would be nine dollars. when
no protection would be needed. When
it falls in Europe to $40 per ton, which
is the present case, the duty also falls
ID three dollars per ton."
u
The operation of the two laws on the
article of foreign iron is thus shown:
"In 1916 the official price of pig iron
at Glasgow was sci, the duty at thirty
per cent. was Sc 30-s97 80; which,
with the costs and charges, would have
brought foreign iron to $50 per tom
Now, the price of pig at the same place
is $40 per ton, and the duty falls to IS
-Sl3-making, with costs and charges
added, not more than SIS for the price
on our wharves. The difference be-
tween the price of foreign iron Cow and
when the duty was laid is SIS. To car
ry out the spirit Of the tariff of 1916, the
duty should be raised so as to keep the
price Of the foreign articles at what 1t
was when that tariff went into effect
In 1916 bar iron in Liverpool was
worth s8S per ton. The duty then laid
was S26 4O--S1144 Now, the same
article is at S95 per ton, and the duty
falls TO 81 so, making $50 so per ton
making the difference of the cost here
S61 90.
The consequence of.his tariff is, that in
| 18i3 we imported pig
iron 3,873 tons.
, In 1849 1O5,632
In 1843 OF bar iron only 99,O11
In 1849 974,499
More than tenfold OF an increase"
Who does not see what the necessary
result of this state ofthings must BET 1t
is the inevitable consequence of such a
tariff, with IFS increased importation and
decreased prices, TO close all the iron
works of the United States.
Now look at the effects of the Demo-
cratic tariff OF 1916, as compared with
the whig tariff of 1s42, on the iron bus
mess in this country:
"The tariff of l842 raised the produc-
ton in i5s::s country from $50 900 tons to
10000 tons, which Wcs the make Of
1916. The tariff of 1916 sunk !; IN
a 8 0J0 tons, which was the make of
1854 decrease of one half.
In 1916, the importation of bar iron,
was (tons,) SO, ,695
In 1851, il was 34t $50
Increased fvefoId by :he tariff of
1916.
We are told by the supporters Of the
Free Trade tariff of l846, that that law
has largely increased our export.
"It is true, that since 1916 our ex.
ports have increased some $4,000, 900;
and our imports, $50. ZOO, 900. or per-
haps more. This | consider the worst
effect ofthe tariff of l845. The exports
of breadstuffs and provisions in 1851
has sunk to sci, ,948,65l being S5,752,
470 less than in 1916, while the law of
l842 was operating. That year our ex-
ports ofthese articles we're S27 ,70l ,121.
The increase Of exports consists in cot
ton and q few other articles used for
manufacturing. The increase of i'm
ports consists in fabrics manufactured
from those same exports-with iron, ct
ceteIa. In other words, the tariff of
1916 decreased the manufacture Of cot
ton in this country, and sent abroad
about S4O,00o,OoO worth which had be-
foIe been bought for the home market,
and then reimported the same articles in
the shape of manufactures"
We have not space for further ex.
tracts from this excellent speech this
week. At least we have given figures
enough to show the operation of the law
of 1846 on the iron business-that On
this important branch of business it is
ruinous to the American manufacturer,
and destructive to the American labor
err. Next week we shall show its ope-
ration on other branches Of industry
Let the people reflect on these facts, and
apply the corrective at the ballot box,
the only legitimate mode.
ELEcTIoNs.-Previous TO tn
Presidential election, the 2nd of