, 1866-01-22
me give some figures taken from Secretary
MeEulloch's Guancla1 report:

ls66...........,.:... s1Gooo.oo0 u -15a0a0mo
The imports for tho present year are estlms-
ted For the six months from July / to Jan. J.,
: they; amounted to $184.o0u, 0W at all The
ports, and thereyeuue thercirpm was ST, 900, :
90. Il is perfectly SAFE therefore: 10 estimate
cal year At ono hundred and .fitty millions
Please look over the foregoing figures at
teutively. Tho highest reYenue derived vu-
der the tariff Of 1916 on IN Importation near.
y as large n5 the present was but s11ty ty-four
millions; and the largest revenue under the
tariff Of 1851 was but lfty y-three millions.
Ii we should return to the tariff of '57, the
lions Of revenue; If We re-adopt the tariff OF
III, the loss will exceed seventy millions. The
Government can afford neither Of those de.
dclts. Dir. Eastman says he is In fayer Of a
tariff that will, atiord adequate revenue. Ii
50, he had better 80 in for the one We have.
that he wants tariff that Will afford tshealth-
ful competition between the American and
/. foreign 'mauufncturer." Then The, too, had
better support the present tariff essentially as
II IS; for under 1t We are ROW. importing
foreign goods In g1cnter quantities than un-
der any previous tariff, or in my previous
year Iran importation of. o million dollars
per day does not afford sharp and vigorous
competitor, what would? When tho two
hundred millions Of 1ntetnal Revenue tax TINT
are paid by our domestic. manufacturers, arc
deducted from the protection. receiver, 1t
will be found that the tariG Of 1855 Is Of little
or no more value than the very moderate
men like Eastman studlouslY ignore or con-
ceal, or mjsrepresent. We must not judge Of
the tariff by the prevailing prices Of cotton
gqqde, because VIC are get In the midst Of a
cotton famine. Raw cotton IN New York Is
worth IS to GO cents q pound. During the
thau now. It Is true the cotton mills have
made money, In consequence Of the cotton
fa1nine. But the mills Id Europe have done the
same thing high as the tariffs, the imports oil
cotton goods arc no1a Of tho rata Of forty mil.
lions year In gold and Last year amounted
to nearly 2, ,D0, CO.,, For want of raw cot
ton the American mills were unahle to supply
this country. But walt until We get couple
Of big cotton crops, ofth1ee orfopr millions ot
bales per year, and people will sec the prices
Of shectipgs, sEirtlngs,. aud calicos come down
on the run to something Ike old times. So
fur Us the farmers are concerned they hare
cheese to get back all they hare lost on shirt
ins mud calico and moro too.
AL through his long letter Mr.. Eastman
larps On tie enormous profits male by, the
manufacturing mo0opolfsts and nabobs oi
New England and Pennsylvania" He calls
their prices four of Income to one Of outlay,
cnd estimates them In his prevlous, letter at
all kinds Is so profitable as Mr.. Eastman
represents, why dou't he invest hill, Instead ol
boring holes In the ground through Upper
Canada in search OF oile IIo either don't
believe his own assertions, or he exhibits hui
little huEincss kagacity. e.
L the profits Of manufacturing Gre one
quarter MS large rs asserted by the FREQ Tn.
tlers, the people of Chicago and Illinois should
invest THAR spare funds ID those pursuits, and
give those Eastern extortfontsts some healthy
competition. We would be sure Of hand
some profits On our capital: Why can We not
double the population Of Chicago III a short
:timo hy building cotton, woolen and linen
can't re bring down harich iron ores Of Lake
Superior, and With the cheap coal at VII
mtngton and LaSalle, on the canal aud almost
at our doors, establish o Vast iron production
In Chfcasuf The raw materinls and food art
NIL around us, cheap and abundant.
Look At that beautiful Rock River, how hap
PLY adapted to manufacturing purposes- It.
banks should be lined With WOODEN, cottor
| ard linen factories from JanesEille to RocL
Island. Look ut the capacity of tho Fo,
River, the upper Illinois and the' Kanknkee
| for driving mills and machinery. Think D
what Pittsburgh might. be built mp at La
! eal1e coal mincs, at the confluence OF rfyer AMI
canal navigation, and railroad transportation
in every direction. IT. New England hal
such stream as Rock river With is adjoining
| prairies and natural products She would dan
| 1t at thirty or forty p1nces and build q city
at each dau,, and she would put a million o
| operatives into those cities.
II We nrc sensible people we will exhibit I
little OF New England and Pcnnsylvania's en-
tcrprisc, wisdom and Engacity, and reap SOM
! Of the benefits they derive from making
things ut horne instead OF buying then
! Eastern enterprise md industry may paa
for stat emansllp with the utcrati who s1gs
| their .nemes with IN X; but people who ca1
| read md think for themaelye5 will hold suc1
stt1tf' IN 1Ift er contempt. FEOTECTIpy,