New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-23
PROTECTION.
HENRY C. CAREY ON MR.. wELLS's REPORT
LETTER SEVENTH.

.aadilv rising until IN tho closing year OF proe0uo
,sas n had reached 2IeoOo having nearly doubled ~
seven years, aud its growth having ooon iO'A '
rapid than that Of population. ,a |
seven years Of compromise and revenue tarn no" ~
low with an average consumption OF 2oSVVo n 70 Ga
wear standing at 267, 500 and showing an
ner cent while population had grOwn25 per COW 49,
crop OF 1915 the closing years OF protecton
tar1 If 1s4a tho consumption $1,000 haVlhk OS
aonled ,p five years and the growth having p''n
ak times more rapid than that OF popuiation .n =,
This however is by no means all the grown ' -
-, po,omao In this period having been great ana the
t a. ,to closIn, wears above referred to having
~ ucb as TO have led the editor OF The ChdreSoH Me
~ to expression Of belief that before the lapse oi an
ether decade the South would have ceased 10 export "
cotton vnhappy him, and for hsneighbors Congress
had then already cut the ground from under then' CIV
ing them freetrade tariff under which Consumption '
destined TO 20 backward instead OF forward
Gaming now TO the closing years of that tarn we hnu
o, nave been IA follows: Of the crop OF 1873 4S2O~;
1880 Ego 900 ls596O 792oOO total, 2OOAoO; giving al
average OF sesOOO and exhibiting an increase Oh ps -
,ar cent nonnlaton meanwhile having grown nearly ~
per cent. -. o,o,,,po |
We see thus that while the power to purchase clo'ns
Increased with great rapidity in the TWO proVeo,
nrriods Il so declined under the antiproteeNe ono
largely 70 increase the quantity that must DC sent
An .earc Of market That such had been inc case you
have had full opportunity Of knowing all inc IaoS ~
been time and again given to the Worloi anu you ~
wonderfully you have now staked your reputatoh VI
nrageutatOn
trade as is contained in the following words anu
figures, TO wit -,
increase domestic consumption OF eocn
OF the Potomac 1870 g7G0 D"es 1S.' ,ssS T6o Ooo
is59-e0, 10000 -. o,r,h
For enabling you to obtain this regularity OF growth
you had been required to suppress tne proeieS
from $50 900 mot 42OO in lS to $4,000 three years
and then again to suppress OF the three CLOSING
Of the important tariff period which COM
mepced In lsIs and terminated with the ReDeihon, e&
hibitIng throughout its whole existence series OF OK
pansops and contractOns, OF wild speculation on ono
hand and financial crisis the other whose general TO
suit had been that of depicting the country Us 10 nave
brought public aud private revenues back to nearly te
condition in which they had stood III the years WINCH au
preceded the terrific crisis OF 1872
Further even than this by combining yourself exclu
svey TO the Northern movement you have been enaoeo
10 suppress entirely the great Southern one when nao W
origin under the protective tariff OF ls2 whch nau' IN
four years carried up the Southern consumption from
almost nothing to 100000 IN 1879 and which had nen
xyen great promise as almost to have warranted .e
prediction OF The Mercury above referred 10. 1"ei'o
vears later in 1860 1t had receded TO sO giving oss
of more than t,celpe per cent? population mean"hhe
having grown rorty per cent Having carefully studied
these facts and having to what extent legislative
enactments" had thus stimulated into activity the SUM
herring energies Of the South, may as think with
great advantage, review your own assertions win
view to satisfy yourself how far they are IN accordance
with historical trnth"
q or the movement since the reestaDlshment OF pro-
lection your general summary intended for widest crcu
lation says single tcord Turning however 70 your
second page we hnd the statement that here is repro
duced, to wit;
"The number Of cotton spindles in the United States
according to the census OF lS0 was coton scSpeTy
but possibly dminution-many mills, unoer tne great
TOe 5r the Manufacture Of wOoiens The
number Of Pndles however Of IN GOos
Manufacturers and Planters Association to be about
100000 gain Of 81 s per cent in from four 70 G ys yeaI
estimate. based on less perfect das gwen "a tne as
only from is to 20 per cent.
Why however IL that You have not added TO this the
fact that the consumption now at the rate OF million
bales per annum and tends rapidly to inereaser why
have Won not placed such figures aide by side with those
given above and shown that whereas, the growth OF
years under the tariff Of le nsd eeS Sn6S nrotec
ton had been rapid that the consumption was ALREADY
oneha greater been that Of the closing years
of the trade perodi Had you as you in duty were
required do given these facts, and others that have
above been furnished would IL have been possible for
you seriously mako the assertions" Of the following
ronS A0' 0"O0 "s"iH 'O' 'O0'
There does not seem to be any reliable evidence which
adduced to show that the changes which took
place in the legislative commercial policy of the country
While on the other hand the study Of all facts pertaining
to national development from 1910 TO 1900 and from 1861
That the progress Of the country through what we may
dent Of legislation and Of the Impeachment and
waste of q great Like one OF our own mighty
like auents, only add TO and increase It's vol
while legislative attachments and conflicting com
mercia policies like the construction of PIERS and the
deposit Of suDken wrecks simply defect the current OF
has not yet been lifted to the full comprehension Of il
ownwork builds determinatey, as were, by instinct
The consumption Of the closing years OF the tariff Of
l6I6 having been 66S00 We may look TO see how
much small quantity had been due to protec
tion. The groph from 1922 TO 1885 was has been
shown, 1900 that from ls4s to lsl7s, 2GOO0 total
$4,000 Adding this the original 10000, have
total OF 10000 leaving l7sOOO the total growth Of the
seven free trade years which ended In 1S and the
such years which closed in 1850 giving annual
age OF less than 10000 bales population meantime
ing at the rate Of millions annually and the crop passing
upward from the 100000 bales Of the years lsS942
100000 OF $4,000 As consequence OF this tho quantity
forced foreign markets grew with great rapdy and
with results to tho cotton producing planters such
shall be now described.
The crop Of 1914 900 pounds OF which the do
nestle consumption nearly 100000 The former
creasng while the latter declined, there arose an in
creased necessity for pressing 1t on foreign markets with
the result here exhibited:
1915 and 1sis.... so'cscSoo sao,soO,coo
1927 70 ls79........-..--2 J6, 100000 2G,0O0,O00
The quantity had than trebed while the re-
cept had increased little than 20 per cent The
prices here given beng those OF the shipping ports and
the quantity to be transported having go greatly In.
creased, and having required great extension Of
cultivation 1t is reasonable to that the planter
gave 2S6oOo0Oo Of pounds for money than six
previously he had received for third Of
that quanty.
1870 TO lSI2. ....-....... elo,O0O,Oo0 65OOOOO0
iSaS 70 lSA0--.''-.'..''.-, meO00o 100000