New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-13
erp'ts FOr Total eNp'ts Total -pts
1st4 500 1917 slO9447Sl SllLl28,273 SlO8 L7O3
ieilS = 90 900 776 l5SB8}O il4646.606 III, 254,56i
1856 .lO2 l4l,893 u3ls63 ll34s85l6 " e9l,IC.
1867. .5O 1854 8O9hl8 loo,ISo,os[ lboio,oSo
Total ..4s2 S263O 467Sj362 497998a9l l98s@6ll

Total ..452 2b2,630 40 looO< 4S,9S6S< fJo,SSo,oll
Had they done this, and had they added
that in the same period, while we had CON
tracted no foreign debt, we had paid off
some twenty or thirty millions of back debt,
much oft the accumulation ofinterest, their
readers would have seen how beautifully
protection operated in extending the for
eign trade, by increasing the power of
the nation to pay for the commodities
it needed to buy. That, however, world not
have aided much in securing the power of
its Birmingham and Manchester friends
over the farmers and planters of the
Union, and therefore did they furnish the
- false table" to which we have called the
attention of our readers.
The Journal next gives the five years
from June 1916 to June 1851, for the pur-
pose of showing that
Glow duties give an increased activity 10 commerce
Under the present tariff both the Imports and exports
are 1t continues, about GO per cent moro than they
under the taIi of 1912 This 10 just what might
have been expected Free trade makes a large trade
Restriction diminishes trade
Now, all this is simply untrue, and so
The Journal knows, although it furnishes
"a false table" to prove it true. That ia
bic is constructed as we have shown, by
impressing into its service the year 1867,
with its prosperity and its high prices pro-
duced by the shortness of the potato crop
in Ireland the effects of which were felt
for two years after in the prices of food;
and all this The Journal knows, as well as
do our readers, had nothing whatever to do
with the tariff of 1916. Had it desired to
present an honest statement it would have
omitted the whole year 1867, and then
the figures would have stood as follows:
Dom exports. For exports Total exports oalImpo rs
I747s i2i s2I OIO S5i 032 l3 9 5499s-2s
1859 1872 6G69jJ 10 Or sos l45 755 $50 H,s5lf5s
1880 369l69u ll,9jl,oO l5l,s9s 729 I!3,l363l8
l.50-jl 2l7,ol,IJO 2lo'%'S9o
Total. 5000 2O3, 40 1925, 1850
Bank IN TIE Jnnafs table.
Now. had The Journal desired that its
readers should understand its tables, it
would have accompanied this by state
ment like the following: We here appear
TO have purchased in the four years just
closed. S200,0O0.000 more than we pro-
duced in the four years previous, but it
must be borne in mind that we have con-
tracted foreign debt of about Sl0O' 100000,
and if we deduct that sum it will be found
that Notwithstanding the large increase of
our population, the amount paid tor does
not average more than that which II had
gradually attained under the tariff OF 1912.
Instead. however, of saying this, 1t in
formed it. readers that "as much has prob
ably been paid to European bOndholders as
has been received for new loans This,
of course, has reference to the principal
of the debt for the amount of interest on
Old debts paid in 1876. was probably tar
more than has been paid in any year since
then. 1t was certainly 50 intended to be
understood. as the whole table had for It's
object to prove that we were not running
in debt. Now, we would ask TIE Journal
if it can show that we have redeemed in
the four years as much foreign debt in the
whole period as was redeemed in the year
lS4G-7. or that we have redeemed one halt
dollar for every $40 we have contracted
If it cannot, as we feel well satisfied it can
not, we would then ask it to say If the note