The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-10-12

bead, m tho United States, is new less than during
the highest protective tariff We ever had.
4---The most disastrous revulsion in this country
have taken place during the operations Of high
tarifs.
As for the pretenoe about beneftting the paupsr
population of Europe by Low tariff, any moro than
. high tariff, it is all moonshine Suppose wages
would be raised by the operation Of high tariff,
(Which We deny,) then the factory population Of
Europe would emigrate in great numbers, and it is
they. and not the natives, who would be benefited
In fact, the New York Tribu~e, in recent article,
holds out that very nduOement to the foreign popu-
lation to vote for SCOTT. But it is all fAlacy,
delusion, and snare; for the operation Of large
influx Of I" the pauper labor Of Europe" would be to
reduce wages to their former level At this very
moment more than one half Of the factory popula-
ton Of Lowell is European. According to the whig
journals, high tariff would soon increase it to
three-i0urths, or more.
We come now to the last fearful consequences de-
picted in such glowing colors by the Courier =
FouItbly-To benefit England and support her pauper
labor at The expense Of American industry have not
only ruined closed blast furnaces
cotton and woOllen mills and sent huudreds of
thousands Of laborers the soil the iojury
OF The agricult t but have sent abroad hundred
millions of gold which under the tariff Of 1912 would
bave been retained in the country and az this moment
bted TO EDenpd in promises to pay in the shape
Of general State county aud railroad bonds and bank
stocks the Of three hunded and ifty
millions OF dollars.
To ascribe the indebtedness Of this country,
public or private, to the tariff of 1916, as
the Courier does, bstrays either the grossest
commercial ignorance or the most wilful nit
representation Of facts. The gold sent abroad
has not been sent in consequence of the tariff
hat md wa
imports facilitated by the expansion of paper cur
reney during the last three years-a period or Gle
similar to that which marked the years 1884, 1885,
and 1886, and exploded in the revulsion Of 1897
And whatever individual manufacturers in thi
country may have suffered, they have suffered from
over production and speculation, and not from the
operations Of legitimate trade. The debt to Europe,
for railroads and canals, is that not only does
not injure the country, but deveopes its resources
and increases its wealth. Railroads and canals
bring our fertile praries into cutiyation and give
outlets to the markets. and unite our population
rapidly The value of the land adjoining railroad
is enhanced ten times the amount Of what the road
costs; SO that we cannot get too mu,h of foreign
capital to improve the country in this way. The
Courier is mere novice in social science.
We have now shown that the high tariff party are
more of British party than the free trade party
and that q low tariff, or q moderate tariff, 80 fal
rom being injury to the country, is the very re-
verse; and that the Capitalization system accumu
ates wealth to the destruction Of the lives and hap
piness of the great Of the popuation-and this
is the miserable system approved Of by the Dake o.
Wellington and the British tory party, which the
Courier and other partisan journals want to strength
en-, extend and enlarge, in this now happy, great
glorious, and free country.