The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-02-21

WuRspAz NRNNnffH -
"A mlan rAzUy Don'1 nEDUcHIn
,dl dE81ec5a .g0
That high tariff 9ess not sxelsde or even ~ |
luce Importation Of fsrsign goods, l. proven oy
"a Il shls sapt& ID I'M bprtsd l.stysar
IN gold valuation 34S7, ~, oe6 worth Of foreiea
products willis in the fiscal year 1891 the whole
mp0rta&ion ma only 3Sso, ~, $50, under the
lcWS6e t9FM NeAaSs ked ut ~ 1870 49,
not this test Of the operation Of high tasin
prove the fallacy Of the idea that protection to
Americ1a industry can b toune y leeseesed TAX
ation,-CRicogo T'Ibsse.
There We have the infallible decision, In the
words ana from tho psa Of - Q1cls Mo-
elf, which settles forever, aeaint the -
ions Of al men Of all xses, . great 'principie
at the foundation of the science Of political
economy. Indeed, this dogma, in its far.
reaching logical results, ovsrthlQvs all sys-
TENS Of political economy, and leaves the
science without any fixed data in history or
in observation or experiences upon which TO
found q system. -
What spooneys Alexander Hamilton, DR..
franklin, Henry Clay and Daniel Webster
must have been in their day! What drivel-
ing simpletons were Colbert and the Great
Napoleon, tolabor 20 sssidsously, eud for so
Tonga series Of years to reduce foreign i'm
portations by high duties.
Could these worthless of former genera
tions, have only had the benefit Of the illus
mination which the Gods have vouchsafe1 to
Chicago, how many absurdities they would
have been saved from, and how greatly their
own fame would have been enhanced with
posterity.
But let us mourn not for the dead, but re-
serve our tears for the living statesmen, who
must stand abashed, convicted of folly and
ignorance, BY the iafallible genius who pre-
sides over the tripod of the Tribune, and is
sues oracular pronunciameatostoth the nations.
What will Senator Grimsa doe How shall
he atone for his ignorance, and his errors,
when the Tribame has made tho entire sub
ject so plain and simple that fool need not
err therein? ~.-.e.
"Ahigh tariff does not Ienphatically] AZ.
clude or even reduce imposhtiDnA"
But Senator Grimes opposed the Tariff bill,
on the very ground as he alleged, that it
would exclude and reduce importations, and
thereby reduce the revenue of the Govern.
ment. Here is what he said in part:
"And now what is the measure before u.' I.
purports to be bill TO provide increased revenue
h;l xhnn na.ssS into law uond ;pdsea .nroy;d.
increased revenue from imports no man could
support II more eoeerfaiy .san soaM. ana,
which they believe the interests Of tho country do
mand.
80.
Inc TUE . mishome'. ociorc IL passe'
rom our hshas ie' ~ DC amenued 80 As 70 ieao'
AN aceo prevent tne eolieceion OF auues from
imports An1 aeirHy .uo Expenses o. 'he uo'ern'
men. oy oirec' taAsi'o-
This is very emphatcally in direct opposi,
tion IN the nav revelations re tho Tr;b,,u-
Out the euilor Oh tne IFtou"e sssof
with the mere announcement of the dogm a.
,,,h;oh ,o,.r. ,;,h .,,s,. -, - :;
everlasting contempt, the tame OF the hy1ng
and the memory of dead statesmen, Of al
80. 49,. W. ~ 49,. -.
- -. -,
.nonan.;,s. ~, n,o.oo.;s. l.us
80. f.,1m.n H. 49, poua,. Mi -.
.ha Cor., "a 49, - r., % 49,
,,o.,.,;.n.
L.. ~ .;e. ~
trum Tho matcblsss o;n,men, vb;oh i 800,
tho sves &c tho Hind nro,ao,;on;.,. and ~,
th.u, e,,.v., NJ ..Ll, .nhm;, - ~,
,n.n;.,,..;o &c -. GO. ::
,h.orr ae .o,;,;..1 $1,000 49,. c., -,
h. iii sbov Won hov I, !. DOM.
rh;.i, ~. econ. An., ..,h &c.,. a. -.
tariff, the manufacturers put up the price Of thei
wares Just the same per cent As the t.rin has bee
been aimed over tn. for..r .,.;c,s :, .n .Sy.no
Of duties. is instantly lost by the equsl sdvsnc
In ,1e selling price o. domestic products:
prices Of the stocks Of goods on hand are Ar a !
marked up to the level of the tariff: The manu-
ias. =; a soes I'M .as o'ne ros an nour
now much or how often the tariff is raised, ii
price Of stocks Of goods on hand, whether homs
aisssst ,.ris" 80 AS''''N ~ y ''''' WIN -
Now il don't mstter il the new tariff An,
BE. American manufacturers to make a huu
dred per cent on their ;nyestment. the Tr
bnne tells the world tina. they will not incre.,
the amount Of their manufacture, IN the ;,
tent Of a single niece: nor ;f the dutv ia
hundred per cent, will il deter the fore;o
manufacturer from sending a single niece
good, to th;, market. les. than wbe
there was no duty at all.
Experie.ce in all ages and all countr;,
shovs that when manufacture. ara m.f
mora pro6t.ble than other pursuits. CAN'T,
and Iahor ill ba Invested i ,ha hn.;na.
the price. Hence, the New York organ