The republic. [volume] (Washington [D.C.]) 1849-1853, 1852-04-26
THE REPU BLIC.

pounds, with every reason TO expect that il would
soon reach twenty pounds, to the great advantage
81 the producer OF cotton and the consumer Of
cloth
We built mills and created machinery that ena-
bled US. in six years to increase the domestic
manufacture Of woollen cloth FIRE fifty five TO
eghty-hve millions of pounds.
VIC opened mines and built furnaces that cna
Died us 10 increase the domestic prod uction of iron
from 200 900 to more than 500 900 tons, and to in
crease the consumption per head from thirty eight
To ninety eight pounds per head.
We built rolling mills that enabled US to COM
monce the manufacture OF railroad iron, and 10
extend 1t in that brief period to almost 100 900
tons.
We increased The product ton of lead from $50 to
o0O,oO0 pigs; that OF hemp from Ii 900 to 90 900
oaies and that OF wool from forty eight to seventy
millions of pounds.
The manufacture of corn and hay into pork and
beef, butter, cheese and lard, extending itself
at rate une xampled in the world; and the value
per ton OF the exports from the West to the East
was steadily advancing.
we thus made a market for more cotton, and yet
had more to export; and the tariff of 1912, that
found prices lower than they had ever been before
leIt them already advanced one fourth, with every
reason to expect that they would be perma-
nently fixed at higher standard than had been
known tor twenty years
We thus made domestic market for food, to be
consumed by the growers of wool and of hemp, and
the producers OF cloth and iron, coal and lead to
the annual extent Of more than one hundred mil
hons OF dollars, and yet exports rose from four
teen millions in 1912 to twenty four millions in
1886.
We consumed more fish and exported MORE
more rice and exported more, more naval stores
and exported more. and the prices of all these
things rose the tariff of 1912 leaving them all much
higher than 1t had found them.
We produced more and consumed more of every
thing; the condition OF the people steadily improved
the credit of our banks, and that of the State and
vi the GENERA! Government, were restored; and
there was degree OF quiet prosperity such
had before been seen IN any portion Of the world
Conlaemct ~ ne J,us p'ss.iied throughout the ,oiole
range # society.
Under the tariff Of eighteen hundred and fortu sir
we have closed cotton mills, and driven down the
manufacture OF cotton from 600 900 467 900 bales
ana nave, In The last three years, decreased the
consumption OF cloth, foreign and domestic, per
head, ttoenfy tce per cent.
we have closed woolen- mills; and have, in the
last three years, diminished the consumption of
cloth, foreign and domestic, twenty per cent.
We have closed mines and furnaces, and have
diminished by fty per cent the production of iron;
and the consumption of iron, foreign and domestic,
has fallen from ninety eight to seventy pounds per
head.
We have closed rolling mills until we have al
most annihlated the man ufacture of railroad iron
and destroyed the competition for the sale of ari
Gle so necessary for the cheap transportation to
market OF cur products.
We have diminished the export Of lead from $780,
oOo to 300 900 pigs; that of hemp from &C, 900 to
$1,000 bales; and the product of wool at least ten
millions of pounds.
beef, butter cheese, and lard, declines daily, and
the value OF exports from the West to the East has
fallen from .ry oo dollars per ton in lS45 to foyty
dollars per ton In lS5l
We have thus diminished the market for cotton,
and have placed ourselves under the necessity for
exporting more, the consequence Of which is seen
IN the fact that has fallen below the price Of
the revenue tariff of lS40-2-then the lowest that
had ever been known-wilh a certainty of great
further decline should the crops prove large
We have diminished the domestic market for
food TO be consumed by the growers Of wool and of
hemp, and the producers Of cloth and Of iron, coal
and lead, and that diminution cannot be estimated
at less than fifty millions of dollars per annun
and yet our ability to supply food TO the world de
clines from year to year. as the manufacture Of corn
and hay into pork, beef, butter cheese, and lard,
declines, and as We become more dependent upon
foreign nations for wool and hemp, lead, cloth, and
iron.
The import of fish exceeds the export; that
OF rice has fallen in both quantity and price; and
that OF naval stores has increased in quantity while
II has declined in amount.
We produce less of every thing, and the con.
sumption Of all articles of necessity is gradually
declining, proving steady deterioration in the
condition OF our people. We are running in debt
to foreign nations for articles of luxury. Specua.
ton is everywhere, and confidence is no,cliere; for
every man feels that the events OF each successive
year are bringing us nearer and nearer to a con
vuision similar TO that which has rendered mem
orable the period of the revenue tariff Of lS40-2.