New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-01-06

$3.50
We have here constant increase Of porer TO 90 to
Foreign markets accompanied by constant decrease in
the TecessS for resor,ing to shem-the domestic pro-
xcjon Of oOtton and wooden goods having doubled in
sis brief period while the domestic production ofiron
had more than trebled.
Twelve years having elapsed sincs the tariff Of 1886
became fairly operative, we have now another oppor-
tunv for contrasting TIE operation Of that policy under
which Russia and Sweden now suffering, With that
OF tie one under which they had made ouch rapid prog
,ess-that ONE which il sill maintained by Germany
and by France. Doing this we find the same insta-
bty which characterized the periods which preceded
the passage of the protective tariff acts OF 1924 Io
and 1872 AT on larger scale--the imports having
been $I7s OO0, Geo in $780, $304, 100000 in 1854,
$3.50 eco in 1885, $500 COO in 1857, sS2
In 1855 and $50 tc0OcO in ls5-and our foreign debt
with all lie tendency toward producing those crises
which you 80 much deplOre, having been augmented
nrabsbIv not Less than three hEadrea SsioHs Of dol
lars.
Ten years since, there was made the great discovery
os the Californian gold deposits-a discovery whose sf-
ye.t we were then assured was to be that of greatly
edea the rate of interest p.id by those who sbOrsd
20 those others no were already rich. Have such re-
rs teen thus far reazedi Are not On the contrary,
o,r xxorkineuen-our miners and manufacturers, Our
laborers and our settlers Of the West-now paying
,e the price for the use Of money that was paid AZ
"a, date Of the passage Of the tariff act Of S46f Are
not these latter at this moment paying three, Tour,
FIVE and even as high six per cent per month"; Arc
fhsv ,ot paying more per month than is paid per gear
nv the farmers Of tho protected countries OF tne Euro
mean world? That they -, Is beyond DOUBT
WHY il is 90 s that although we have received from
california Eve hundred millions Of gold, we have been
compelled to export in payment for foreign 1000 IN 'ne
form of iron and lead cloths and silks, more than Tour
hundred Misunderstanding behind little more than mas
beeo required for consumption IN the arts. mao we
made our own iron and our own cloth, thus making
domestic market for the products OF our iarns wouio
not much Of til. gold have remsned ~ home fiau I"
30 remained would not little farmers ma II tas'sl
10 obtain the aid of capital at tie rate OF SIX per CENT
y,er arm4m than they DOW do at three Io"'' OF Nv,
re, cent osr month Would not their power OF self
er,,oe,t he far greater than II 10 now, under sys-
tso that a. We see makes the poor poorer, while the
vs,v riet grow richer every dayl Reflect pray YOU
Dc tese questions and facts, and then answer
vor.eIf the erises Of which you speak are not ths
.,, ,asuIts of an erroneous policy OF winch, our
-, 90 long period, you have been the STEADY sdV0-
cate. Ill, ..,,rrx
TIE biAory of the Union for the past nan century
may now briefly thus be stated: We have haa telse
.,od. of protection, closing in lSi', i''i anu 20"
aeb and ali Of them leaving the country ~ s'A'e u
,bs h0hess prospertyoOp for the p.reaas.
,e lsbor then growing daily aud rapidly WIN SSA'.
tendency toward increase in the amount Of
.;asS,ness Of the SECRETARY action, and in the ifes
don, Of The men who needed to sell their labor ,.s
We have had three periods Of that system "ls -
1L. N The destruction of domestic commerce, ana -
called fee system which prevails S ~ a,s1
ard IDda. Portugal and Turkey, and is adVoca'sa "
British journsl,tseAsh and all OF 1nsm na' =. ~ is
crises such as you have 20 wen de'criOou' ,b.v
1872 1912, and 1857. In each sna SIo, sirlsr 70
-. nov exs.. In all of tbero the exchanges
ta-. hseome more and moro languid, the sscs'ary
nave ba, become more and more irregular, ana
me-" who have needed to cell their labor hsvS have O 20
go uoro AID moro mere Instruments in the nana' "
sbose who had food and clothing with wni'n !" P"'
e,hose il.