The primitive Republican. (Columbus, Miss.) 18??-1852, 1852-01-08

or three years, under both tariffs, strikincll
nut tue year of famine, and a corresponding
rear under the old tariff, the difference IN FL
ror Of the new system was $50, 100000. Fl
Applause. And, gentlemen, see It'll
stated in your own official returns that, with. b
put any decided augmentation Of the popu-
ation Of the United Kingdom, you consume
now some nine or ten millions of quarters
more of grain per annum, than you did be-
fore the repeal of your corn laws.
Itelievc, gentlemen, that Jour population
do not eat too much now, and, therefore, III
must conclude that under the former system
they did not cat enough. Hear, hear, laugh
ter and applause. Itissaid, by the opponents
of our own reduced tariff, that our imports
have exceeded our exports too much, under
the act of 1916. It's said in my country,
by the protectionists, that under our reduced
tariff, we took too large an amount of British
manufactures, thereby, Ipresume, iuhictng
a terrible injury upon England. daughter
and applause. Our imports, according to the
protection journals of America, for the last
fiscal year, ending Both June, 1851, we're
1923 ,057 ,260, and our exports for the same
time were $195, 898,650, the difference be-
ing So, 158 ,610, or about 81 per cent on the
aggregate of our imports and exports. Now
this is said to be an unfayorable balance of
trade. But we must bear in mind that our
exports are given at their home value, name
ly, the value which they bear at New York,
New Orleans, and our other shipping ports.
IFHear, hear WE'LL gentlemen, suppose
the Yankee nation don't raise and ship these
exports for nothing. Wemakea large profit,
as indicated by our high rate of interest and
rapidly increasing wealth. Hear, hear. tx
pcrience has shown this profto on our exports
to be about 10 per cent, which would amount
for 1851, to SO, $50, S65. Then gentlemen
we can't carry, l suppose, imports or exports
! in American vessels without receiving the
/ freights Experience has shown that sum,
for such an aggregate as is given for the year
1851, to be at least $40, 900, 900, which add
ed to the profit on our exports, leaves a clear
balance in our favor of SO ,431 ,255, after
deducting the S27 ,158,610 before given
Our total imports, for the last five years, un-
der the reduced tariff of 1916, were $780,
! 574, 731, and our exports, for the same time,
6,233, 943 showing an excess, in these
five years, of imports over exports, of $44,.
340,78 or 5 10TH per cent on our imports
Now, the gain to the United States from
the profits upon our exports, and from freights
on the principles above stated, would be 1852
! 623 1894, and deducting the excess of i'm
ports, would leave our profits, on the balance
sheet principle, s118,3S3, COG. But thi
would be very imperfect view of our actua
/, increase of wealth during these five years, a
S the rcsultof our reduced tariff Our domes
: tic products and fabrics, consumed at home
! similar to those exported abroad, must hav
5 amounted, during these five years, to an az
/ grcgate of at least $4,000, 000,0 900; and
d allowing an enhanced price for the whole, Q
j 3 per cent, growing out Of the increased dc
: mand, sales, and enhanced price of the pen
y ton exported abroad, it would bring our il
fl crease of wealth, from that item alone, dr
I millions of dollars. But gentlemen, ho'
: fallacious is the doctrine that reduced tariff
t increase the balance Of imports over export
" is shown by looking at the result under Of
r highest tariff, the act of 1923, known as II
II bill of abomination-[l laughter and whic
re from its exorbitant character, seemed like
e, to produce civil connection Now, undo
r the tariff of 1928, this balance of impor
le over exports, was ten per cent upon the il
u ports, orncarly double the per centage
al balance under the reduced tariff of 1876
st Here is decided proof that high duties
IN minish exports fully as much, if not MOI
d. than they do imports. Since our Cover
h ment existed, the excess of imports, as shoy
le, by the records, from 1890 to 1851, amour
en- ed to S700,000,000 Now, according to t
81 balance of trade doctrine, We ought to ha
IN been greatly impoverished, growing poor
OF and poorer every year; yet the result is,
6Z defiance of this theory, that whilst we ha
= increased in population, during these six
D, years, 600 per cent, our actual wealth /
. augmented, in the same time, 2 400 per ce
lst showing the utter fallacy of this explod
ou- balance Of trade doctrine. Applause. I
per doctrine itself is weighed in the balance
IN facts, and found wanting Here gentIem,
q l might present, had theynot been better
per hibited byyour own statesmen, tables, she
lu- ing the great advantages that have accrr
81 to Great Britain from your own reduct
luel and abolition of duties, and especially fir
der the repeal of your corn laws. The truth
In that commerce is not geographical or sect
ing al, or belonging to any single country.
: to has the world for its theatre, and its laws
universal Commerce has laws, and Il
&c are as fixed and certain, when nndisturbed
NH man, as the laws which govern the mo
The ments Of the planets. Our artificial reg
AZ AZ tons may produce a perturbation, but it.
l &c only be to i1jure those who thus interfere
IN legislative restrictions.
ON Without OBTAINING you, however, BY
-, senting your own tables, Twill only say Il
an with the total abolition of many of Y
ees, own taxes and duties, and the great rec
at ton of others, your revenue has augmeni
sur and you have applied a surplus to the ret
ex- ton Of your debt; and, gentlemen, it
r at consoling reflection that the two great braT
as es of the Anglo Saxon Norman race
ii the people of England, and We, your child
ars, in America present, at this period, ain
vice the solitary example of governments vi
y tolreceipts exceed their expenditures, and
Our have applied a surplus towards reductic
iced their debts Look, gentlemen, at Spa
Our America look at the continent Of Eur
tar without naming others, look at the high
yer if paralytic despotism Of Austria Tl
our hear, Ia Staten the last spasms Of finaI
346, bankruptcy Wesee there, gentlemen,
last police actually entering Che exchange,