, 1866-01-17

TARIFFS AND FINANCIAL 'COSYUL.
S10SS.

Editor, chicspo Tribune.
Your free trade correspondent aJ.H.I"
persists In asserting Tint t1c financial ,o,.,,.
s,ons or Is;0-S and 1s57s oc.,,rr., 1. 49,. ~
per1ods of h,cb far,fs n ;s MI 1917 us y.
s.ns us s,,, ~ n'en sasaus ~ Is hafa Work to
argue Wild man who clnga to an erroneous
Position With such tenacIty. According to
bis own showing In a :prcyious article. the
! tariff of 1859 was se.ion.]y rrdnced by tba
Compromise act If 1ssa Th.t ~ ts,,T 80. ~ w
W ,,l ~ conon gooos was ensy'a'e Per cent;
on oiankets and hosiery twenty-five per cent
on some woolen goods lfty per cent. and
on iron an average OF forty to fortv,Brr
per cent. Ten per cent WIS tslcn III th1s
p1o.ec.'on !pl. on Jan y 1sS. Which reduced tho
pfolec1ion On eotton goods 10 ateen per cent,
on "oolen goods Of some qualities to, IT,
teen per cent, and on others 10 forty DER cent.
Here, then, was = loss Of two.ffth. en so,n-
articles and one,f,f.h IF N. ,t.ot,ar ~, ~
-.sS.. ss an" "ns'4,ta M " lug P3oiecIon on Inc
remainder. IN The lst OF January, 1883, ten
per cent more duty WIS taken Of, which cut
down the protection on cotton goods to Hrs
per cent, and on many other articles 10 len
t%.e.I pe. s.n.. an1 lele On "oolens and Iron but
."snl! " .nn.y per eent. NO" bear another
fhing In mind Tho importers dtscounted Aes<
Tedstesto"s Hiae naoaths or year ahead. In
view Of the reduction tn take r,,,re .I,n
l, 1s8, and Jan. l, 1855, the Manufacturers
ress "st 'oteu T ,has ao~n txenty per cent on the
1altn took legal eject, Small as the drst re-
@ aneiton o. zen Per cent seems TO be It bad the
s1so az ~ 5si = ane imports ~ rhieh M were
1857. This ereoss Of dily millions jo3 Of ima m
nstsr 9osts ~ as ~ daen a9es 70 Manufacturing In
ouniy anu oesangeo az business relations
IN 1ake effsct Il ~ e,t, ~ !sanelon OF taFn,
tbfnr ,hat ~ t"T = 4uIu hes sse"s 20 oe some
his hair let me- n,pa ~ l. no. n5a,ns set got
mcncrd , ts,t;np ,;e .hont "nen sa., CongFess CEN,
Gents &c ns q oa ~askey That article at once rose
known ~ ~ tai tS r. salon WEN became
lie whieKey Ia to n crnfo tSat 20 e,is incsse
ooGnoea IT. up R espts per gallon, although the
Iheraftsr s'v - - HheH 0 a.ion aoI sax months
r.enso ~. So Mntn y y, Mas tesolred 70 IN
= es ano,her I :. ~ .1d 70 < per gal'on there
nr nice ~ ~. sr,ic3s III soooen use In Inc eea
.1Ssd' Mos' :. y, II % MeIe kno*n that ConSre.s In
u., 70 gn mo operation one year OF etgh-
zen onas n hsnee nl classss q manuastuFed
,ent Immediately, on present prices and then =
here would commence another struggle be- i
W. cen employers aud workmen, the latter ne. d
using to submit to a reduction OF their a
1agos' ana .f'e former ehuttingup their work
nue' TO lay them high wages IN n y
alling market Any man Of six I,
y yeafs 81 age has witnessed this pbe. L
onenon three times during his lifetime. U
s1 snetnes he understood It or not. have seen
ne thing happen twlcc In my time. But 10 =,
o back TO 1Ss1-S- The first pat of The crash y
ook place Ia the fall Of 1857, and the remain =
er o. II during the winter nnd in the eprinr / v
jesS. The second reduction OF the tarif | n
"a oeean 10 cast its blighting shadow over n
!e iaia as early as 1876; but the country y
&c nePs " W stluulants tor year or more, nj
a1 mans Strength may be maintained d,
Lyle nm "Ih liquor up to VI
eEnat 'an pont. Hank imitation for 9.
su1il l1nc, supplied the place Of 70
, a,omacthnng nutrimcnt, and people were =
;. g1oh1oe ge EGh by "specnlation," and with vi
i ris* nt Gu nnae eaTTa tncy ior protective nc
- ~ r1ao lu5tam .os van buren, Calhoun and sh
a1sd ~ aaa 1. i, tnS Men, m9xcated man soon Is
,Seta -. ~ ne.Pisas % me ground: When
ices and stnmnche 1 So 9Gy %a "eak N us ",
"a or r,nrnacions ~ s*e no longer u
e toner's nrescr;ntIon % or attGa tfa Hs.he -. ~
the dog that bit lin ,, tv,,hnn+ ,aiaaT r.
, reluctantly sent for cid Dnctor f5sn'
no prescribed a stiff dose Of protective tnr;Ttf;
invisorute lie stomach, ana adlss l,n;iI 81 .a.ln
uscle and fibre in o1d.rto aa 1naa,o go'.a up his
enjoyed before his frre tre5a . ens ne1lta aHt
elicine worked IiEe /, ctcr 4auu e ipres. Inc dI
ION erew heartr anii rnhnet uAe sne Patleat Of
le facts of hfsto1v '1 ''oost' 20 mnch 1or 10
Your corrcsnondent u1u1 m
.lfipg TIC Dr1,nc1atic 4s.ia ~ - 10 etsasts III b.
ctiye. farifss II cs... sa.iu VI !eso pro- IN
ctiye,, in 1he wIh,r sa,sao ea Y ~ noL PRO n,
~ net ;n.onSas " hA sense o. that term, and VI
~ ,ssaS ~ "tT9uoa 10 pe, Whon the Democrats
+N AA3p IAAiluuES 10 0EFTff6ElF l. Mt