Staunton vindicator and general advertiser. (Staunton, Augusta County, Va.) 1858-1860, 1858-07-10

that House.
/ | heard this remark. iii teg7ard to Jobs
snd contracts" with no small. dcErea 81
surprise. from tie gett.eiiiain froui Ohio
and ali sure; freiii my knowledge Of him
that; in lis ifiemsnts Of calm REJECTION, ne
will ste the injnstice lie has dole to the Of
foers of the government.
In this connection, permit nc to say that
the democratic party passed the tariff bill of
1851 measure of vast interest and i'm
portance to all sections Of the country At
the present session an investigation into the
mode Of its passage was ordered, and it is. a
source of pride and pleasure to find that
not member of the democratic party of
either the House Of Senate could be fotind
who was even suspected Of being influenced
in his action upon this measure by pccuni-
airy or other improper considerations
| I have heard it said often and again in the
House, during the present Session vote for
expenditures, and thus create the necessity
for revival of the doctrine Of protection
for projections sake" The opposition.
!aided by fraction of the democratic party,
have acted upon this principle and have ac-
Icordingly voted for Numerous items Of ex-
penditure not recommended, either BY the
President or the heads of the departments
Complaint has succeeded complaint Chat a
high protective policy has not been recon-
mended by the administration. If it had
been Recommended and successfully carried
out by legislation what practical end could
it have accomplished? Our exports have
fallen off more than twenty per cent. and
our imports have fallen off more than fifty
per cent. as compared with last year, as
the following facts demonstrate most con-
lclusively. Exports at the port of New
York from January to May, inclusive, in
the year 1857, amounted to SAG, 400 Gal
For 1858 SIS, SIG 465
Expectations Of foreign goods, including
specie, from January to May inclusive, at
the same pert, for tie year 1857 amounted
70 s105, 500 sol
For 1858 81 ,6e8 1872
Our revenue is mainly derived from i'm
ports and, if the importations fall off, the
receipts Of the government must be reduced
in corresponding ratio. Under the recent
revulsion, which Frustrated commerce, trade
and business, the importations we're neces-
sarily reduced to 50 great an extent that the
revenue from that source fell greatly short
of the sum which, under ordinary circum-
stances, would have flown into the treasu-
~ and hence the necessity of borrowing
AN amount Of money sufficient to supply
the deficiency until the financial storm
should blow over. and commerce, trade
and business of all kinds should again re-
sumo their wonted activity. That time is
coming, and by the month of August or
September we shall in all probability have
IA pretty lively trade, and it viii continue
to improve to the first Of next year.
But says the gentleman from Ohio and
his friend from Rhode Island, Mr. DuRFEE
something must be done for tire manufac-
turers. The tariff of last year must be
overthrown and substituted by a measure
more highly protective-a measure some
thing like that Of 1872 The manufactu-
rers Of cottons, woolens, and iron and coal
interests Of. the nation imperativcly require
a change that will give them greater pro-
lection. From the complaint made by, the
gentleman from Rhode Island we would be
naturally brought to the conclusion that
the manufacturing interest was the only
ole that had been affected by the financial
storm that has swept over the country. But
it is not 50. All other interests have suf-
fered and are. as greatly depressed. In the
South, the East, and West, all business is
seriously depressed, and they could with as
much propriety. demand from the. federal
government relief from their pecuniary en-
barrassments. If the tariff of 1857 pros
trated the iron and coal interests. and the
cotton and wooden interests. in the North
what has caused the embarrassment and
depression in these and other branches of
industry and trade in the other sections of
the Union? | do not propose to enter into
a general discussion of this subject at the
present time I will content myself with a
few facts in regard to the production of
iron in our own country, to show that,
whatever embarrassment may now attend
this interest, it is not justly attributed to
our tariff legislation in the last Congress. j.
In 1909 the production of iron of all
kinds in our country was about 5000
tons. In 1920. owing to the. war, it ran
down to about 10, 900. IONS. Between the
years Of 1920 and 1926 it rose steadily un-
it reached 100 600 tons. In 1923 it rose
to 40 900 tons. In 1880, to 1910, 900 tons.
In 1888, to 5000 tons. In this year the
compromise tariff measure was adopted I'M
der the operations Of which the duties were
regularly reduced each year Between the
years 1883 and 1910 the production stead
ily increased. until in the latter year it
reached $40 900 tons. In 1912 it dropped
down to 240. 900 tons. Between the years
1912. and 1916. after the railroad fever
had broken out in our country, it rose to-
IT'S, 900 tons The production continued
to increase until in .1S4S it reached 800,
900 tons. In 1S49 it sunk to $40 900
tons in 1850, to $50, 900 tons and con-
tinued to fall until, in 1852, it had reached
500, 900 tons. In 1853 it rose rapidly to
$50 900 tons in 1854, to 500 900 tons; and
continued to rise until, in 1855, it reached
I zoo, 900 tons If the theory of gentlemen
now contended for he true call upon then.
to explain how it was that, under the oper-+
alton of the tariff Of 1916, the production
sunk from 500, 600 tons in 1915 1.-TWO years
after the bill was paasee)to 100000 tons in
1852: and, again call upon them to ex-
plain how (under the ortraattion Of The same
4o~.H\ AZ r.oJ,,;@,np roco thn cbnyt