Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-02-19


and other articles.
Make the whole tariff simply
one for revenue, and with over
Sl50000IO00 collected. at the custom
house, surely all reasonable manu-.
factureFs will receive all the pro-
lection they need. When a home
tax Of Is per cent. Is not sufficient
for protection, Il shows how rotten
is The present high protection sys.
tenn.
In commenting upon the Su-
preme Courts decisions on the le.
gal tender act, the WOr d says:
The general opinion is that tho
Court has "shirked" the main qnes
tio". The Court seems to nave
studied with extreme care how
not TO decide anything" The
general opinion Is that they havO
succeeded admirably. The Court
seems 10 have decided nothing, and
every body seems to know nothing.
The result Is satisfactory however,
In so far that the supreme Court,
looks as II It was DESTROYS Of re-
lievipgthe nation, as far rs It Is con-
cerned, from the curse at Washing.
ton, or of governing or legisla,ing
the people too mnch. We arc II
acknowledgement nation. The
decision makes all debts contract
cd before 1862 payable in gold.
This affects railway mortgages
chiefly; all other contracts have
been mostly paid Or settled by re-
newal on a-CurrGncy basis. Mort
cages OH real estate seldom run
more than five years, and with saw
ing banks, insurance companies.
and other institutions only for Que
year, renewable at the pleasure o
tho company. This continutior
Of these annual mortgages voluntt'
rily, by saving banks aud other III
situations, ON a currency basis
with the receipt Of interest in cur
renCy, Is therefore q renewal b!
these institutions of the mortgage
on a currency basis. Il is n lcSa
acceptance and voluntary ratiiica
ton on the part OF these institution
of all the provisions of the lcgo
tender act, as il was intended am
as it has been practiced by the lie
publican party aud its judge
irom.the year 1862 to the presGr
time.
The alarm, therefore, that SON
, parties feel in regard 10 the amour
, and settlement Of mortgages COZ
tracted before 1852, and for while
+. gold can be demanded, Is quite VI
, called for. The continuation OF
a mortgage Oh u currency basis
virtually and legally q renewal
a that mortgage on the currency basI
: The acceptance of currency intc
est OH these mortgages contract
before 1862 Is alsoa further voin.
tary virtual ratification and 4
ceptance of the legal tender acI
y the mortgage.
From the New York wOrld.l
The following facts,are common
- ell TO the Tribune and believers
- ia tariff teachings. They illusir'
N the different state Ofthc same cOu
~ try in successive periods that
n. free trade being subsequent to p'
:, lection. They show that what
>. eminent FrenChman has called
"highest degree OF civilization i
h. reduced prices, fostercd manut
n. lures, and increased the naiiol
= exports. The following table sho
M the value OF British produce Il
rc manufactures exported under p
tectien and free trade:
he Under Pro cc,ion Under Free Ira.
=. Year is!B R3i 90 Ols Yoirlsij. G51 50
81 Year $50. 81 l95 Cjl icNr ~! SG,
he Yea 1888. = ZIG IN 1e ,gi n.
Year 1871 HagI.y Year 1865 1917
Here is a table which shows b
go protection effects luXufies WI
are almost necessities:
mo- CONSUMPTION ? g HRAp oP rsrln'rEn
tLATiuE.
I'd Under Protect nj ~ Under Free lrlde
,es Tea 80. III. IS ~. fcl - b.srf
suger Alb QoL. SuSt r 70 y 50.
pts Inhaeco 10 OK Tobacco 4 10 DO
of Spirits II gLl. ptii% 'a,rrr ,c
Malt II 81 ~ hU'hla aah :
Ing Pro &C ION P,irr4 fTco Trade Prs
NJ Tea u 1853 ...t,OI. tcl IN 1897 2
COFFEE in 1874. .isSt t"n eln lrO.
st, SugsT 10 lsg2. o ad sug In i'dI 0.
Zen Since the Introduction Of the
lch trade, "the three pound lOafofbr
M which in protection times WINS
ses ten one shilling, has rarely |
But over eight pence, and Is now
lost seven pcuce." Tic repeal Of
corn laws now permits the i'm.
or. tatlon OF 30, 1856, 1850. cwt. OF for'
the meal aud -four, which gives n
OF bread, and cheaper 10 the BrI
> to people than they could hays ho
and Tor under protection. But for
ion import of foreign meal it wOulI
: OF the present moment be slmOst
hus possible for the middle classe
sale England TO procure meal. 7
IOrk are SOME OF the results Of "Bl
this free trade
Gear
var var VCKSBURG PRICE CURRE
~ CORRECTED DAILY sr
the The Chamber Of CONNIE
has FOR THE vICKsBURG HERAL
tier -
that The following prices repre-
xpe. large lots. In filling small o.
higher. rates are charged;
Chi COTTON.
Midditng ......t.,."....s.'s
/ 013 Low Middiing ..,"......... y
60 Ordinary ".....,,,'.'.''.'''
III. BAGGlSG AND tbs.
son BaEgihg. g
ainst Az" 1870.
PROVISIONS.
last Mess Pork. per Dbl, ........t Isl .