Bedford inquirer and chronicle. [volume] (Bedford, Pa.) 1854-1857, 1857-11-13
(From The Ne,c York Tribune.)
THE EFFECT OF A PROTECTIVE
TARIFF IN RUSSIA.

TARIFF IN RUSSIA.
A terrible tornado il sweeping over the
lard, and cur financial and pecuniary strong
holds have well nigh all, surrendered The
tempest arese i'll sky clear 10 mercantile
and political bats, but was foretold never
theless by the prophets. Wisdom carried in
the street, and but few hearkened. The
storm came over the political horizon un-
provoked by domestic war, pestilence OIL
famine.
This event, so oppressive to the nation,
forces Us to draw comparison hetw cen our
own c6untry and another Russia-the lat
ter believed, few years since, 10 be vcrgine
on ruin. During the late Eastern war.
| Russia was cut off from communication with
almest the whole of Europe, her enemies,
accordingly, predicted that, whatever might
be the geographical and political results of
the contest, her fnnnces would be prostrated
I her huSbandry and wcll-being ruined for
many years to come. Such was pre-emi
neaHy the iqnguoge'Of The English Free
Trade press and Of its echoes in the coan'ry.
We uurelentingly opposed such views.-
Our strenuous belief IN the capacity or
| Russia to override the tempest aud stand up
in the Titantic struggle, and to recover
quietly from various and unaceUuutable
| losses, was based on the soundness of the
Protective principle fourishing there uniu-
terruptedly for more than 30 years previous
to the Crmean complications. Russia, in
advantage, incidentally inferior 10 this
country, excepting as regards few of Ler
raw products. She is inferior in mQntal
activity, in culture, in enterprise, in industry,
in internal communications,i in capital or un-
accumulated wealth, in agricultural ecou-
omics and productions, in national force aud
grandeur Notwithstanding these immeas-
urable nferiorities, the ink of the Treaty of
Paris was hardly dried when Russia began
at cnce to recover from losses incurred during
the war-losses of capital, men, cattle and
labor-losses truthfully ircalculable in cy-
pliers. When at the present moment the
interest on capital is legally increased by
Banks all over the world, Russia, reduces it
on loans made by the Imperial Bank called
Lombard, to the owners Of real estate re-
duces it., too, on loans made TO trade By com
mercial institutions for credit Since the
close of the war, about S40,000,000 paper
currency, or notes issued By the commercial
Banks, have been Withdrawn from circuIa.
ten and officially and publicly destroyed.
After an unsuccessful attempt of the rail-
way contractors-al foreign bankers-to
sell the shares on the exchanges of Europe
partly On account ofiEnglish enmity,
partly cn account of general pressure
Russia afforded III market for those shares
within her owneesfines. Shares aud stocks
are sold in the'iEteror to home capitalists.
and the expected Influx of foreign capital
has failed to come 10 pass; bat nevertheless,
the projected net work of railroads is nog
energetically in the course of construction
all over the immense empire. Russia, more
over, builds immense steamers and various
nlachineries, not only in her navy-yards and
workshops, but in those of America, France
and Eng land, beside squadrons of smaller
ones, constructed abroad or mt home, for
pacific purposes. Not only on the Sa.tic,
the Black, and the Caspian seas, witness
alnest daily such new crafts, but all her
principal rivers-,he Vistula, Dneiper,
Wolga, Amoor, the Siberian Irtisch and
Lena, the old Jsxartes, between the Caspian
sea and.t 0Gral Lake as well as the
Asiatic lakes, have steam nayigation.-
Russia, teo, is erecting gigantic cotton mills
and other mechanical and industrial facto-
ries and establishments near the b attic
shores, and on the river NaIva and In st.
Petersburg aud various ether spots in the
interior. The numberof her mines, gold
washings, hut all of her ros founderies, and
newly discovered and worked coal deposits,
increases. Toerown all, she is fully re-
solved and prepared to emaucipate rs, ,000,-