New-York daily tribune., 1857-10-22

On 'De tupJcct VI Inc hiu, w. iF'o'
has been q. nutable as on ,ome other ms't-rs II
hos sitbin few years alike scoffed at and sup
ported the policy OF Protection Now, at this crisis
Of sffsr, il is Of the greatest importance ths. such
City jourrs ,hould well weigh its pOlidcoeco.
n' mical opinions. Words are useless on the sub
ject of the crie. ard ts effects, unless they teach
US the cause OF the evil aud its remedy; and they
are to the ls.t degree perpicious when they mis-
| lead aud betray. There are now hundreds OF
Thousands of people out of emp'ty meut and every
week mu,t increase toe number, until the horrors
Of Winter will 6nd grand army of idle peo-
| pie crying for bread and living on the does
| of charity. That iu:h .tate Of things
can exist in . country where che,p journalism
and free speech should teach the masses how to
secure steady employment and good wages. is
- oisersceful as it is mournful. We may protest
| accordingly neanst any more ignorance 90 the
subject Of the Tariff find pg its way int Free Trade
j,u,nsls They have already contributed to induce
thi. difusive baLkluptcy let them not continue it,
| Blu. doubly may We protest against the course Of
| The Times-frst Anti Tariff, thea Tariff, and
nov Aut.Tarff again. for suchis the meaning of its
article of Saturday. TIE Free Trade papers are in
the nteres Of the foreign importers, owing to the
profits derived from them in the advertising
columns ard subscription lists, but we have not yet
| learned that The ". Y Times is in that company.
II may, th. refore, be not space thrown away
to examine its Free-Trsus Argument Of Saturday.
1t takes as text the late Mr. Abbott Lawrence's
letter TO Mr.. w. c. Rives and picks flaws in it.
Whether Dir. Lawrence erred 10 his prophecies or
not it does not alter the fact that Free Trade has
now thrice bankrupted the country, and Protective
TsriG twice restored it. But We propose 10 show
that the chief so-csled errors of calculation Of
Mr. Lawrence were iu his own favor, aad that the
criticisms of The Times if not disinsenuou, are at
least difficult to pardon in claiming to guide the
public in this critical and distressing position of
Affairs
"Thc bitterest antagonist of Protection, indeed"
says The Iimts, could hardly AK more complete
commentary upon the scnpturL impression, %
that mine enemy would write book than is
afforded by this thoughtful wel-written but most
" unfortunate epistle of the Massachusetts, states
"man."
Mr.. Lawrence estimated, in 1916, the necessary
national Ieveuue at $50 900 600. To raise this sum by
should be obliged to import 900 600 fgoods subject
10 duty To this were TO be aided $j 900 900 Of goods
free; making total Of $l65, 900 600. 'Our exports,
be goes on to say, have rot exceeded, nor are hey
likely at present to e1cced $l20 00O0 We have then
IA deficit Of $i OO0 600 TO providefor and how is this
balance TO be paidr The ner tarif~eh X'to oPera.
tiOn. And in The rery fyst year the e5poas q ne
country rose 10 $l58 6iS 622 against $i6 535 6Si Of
imports an excess that Is of exports over Imports OF
orer tpelre millions of doliars In 1867 the exports
Of the country not inciudtag sPece-wnich' SINCE tae
discovery of California, must be regarded as profit
able export of the productive industry of the country
e1ceedeo the imports in just about the same proper,
tions Nj Lawrence furthr went on to say In regard
to spt Chc possible exports. he had little faith IN our
Ting able TO ship and grain to advantage. Ihe
statistics Of the subsequent trade IN 6TeaasGS 6efpeen
his country and England o6er too orerrlttmin re-
luke Of Mts huie faih for TO do than dtde TO
kre We have indeed but little doubt II at the pfac
teal ssgacy Of Mr.. Lawrence had he been living a.
This iine would have dictated to him very effective
recanation 0i the propositions now put forth over his
name"
- The new tariff went into operation 10 1916"
Did it, reallyl Nov, in considering 1876 a rev.
enue tariff year, The Times but repeats the dishOn
est iallscy of Mr.. Secretary r. j. Walker, who
made out his Treasury Report at that time in the
same strain, claiming the brilliant returns of that
wear as the results of Democratic Free Trade
policy But this is clearly un air. By all the law,
of dy namics, by those of every species of moral or
mate rial impu,e, the effect of motive power does
not cease with the moment OF disseminating it.
The motion given to ply sica body, the radlatlng
circle in water and each degree of vitality, re-
oures time to expand itself The death stricken
body. even does not Immediately grow cold much
lees dissolve into annhilating corruption Reason
inc from these general instances to the one in par
ticuar let us take the Tariff Of 1S42 as an exam
ole. When it went into operation, We had the
lowest point Of Revenue Tariff at the close
6f the Compromise charlatanism. IL found
mills, mre,, workshops closed, and people
bowling for employment. Thanks finally to the
Wbi,, Of North Carolina under the lead of 'the
ssllaIt Stanly," i. was passed. OF course 1t
could not Immediately heal all di'asters, but It's
magnificent results began t, be fully realized about
ls44 In 1e46, the year when it was destroyed
fbut to the close Of which it was in operahon) the
effects of the Tariff Of 1872 so far from being ex'
terded, were largely increased over those OF loi4;
but it 10 precisely this year that Senator Walker,
and The Times following in his wake, select asa
Free Trade year The Protective poh;y, Tor tae
reasons We have indicated, could not show is
mowers immedr atey, and it ought to be dated, by
n.,,rel induction, not from 1-i2 to le46, but from
IsaA 10 ls4s As it took some two years to make
il, influence manifest BY the sa ne rule It's ene'u
lasted after the passage Of the Free-Irade act Oh
lsi6 70 the same extent.
To make this evident, let Us take the case OF
pan, .xlvspa iron master whose business was Gre
,tsd BY the Tariff Of 1872 The prospect OF the
intimate ruin Of his business by the passage Of the