, 1870-04-25

eight nta1lo8htotiea, which wera scnt into III
PARA OF she country and plAoed in the hapds
,t1i1 9. aG.uess merchants, leading fs1me.n,
~ poeahle tho actual condition of ua bnsIns. .
Of the country The manufseturcrs. "a a cI.ss
genes1Ur declined TO answer. or e. eiva ~
information in regard to their buainnsae, n sni
especially IN regard to tho p.oat1 on the;r
eapiea invested But eTe.t deal Of raluable
elected, nsvertheless, which t. nnb1;ehsa W. -
Volume >, Executive Documeu,5. hrzt 80. ~
sion IWcnty-ninth Congress, mia eridreca
which is quite volummoua, il cur;nns ~
worthy of patient study, Ana established ST. at.
fsiact0rly tLcse Propositions
1912 the price OF al manufactured srticjes VA ~
greatly enhanced; - >t"''o )" -
~, ?; Tint the ptiss of tho productions or the
8: Ihat the average profit Of farmers On the
captA invested IN their bu1ineas did not eI-
coed from to per cont;
4: That the profits of manuf.cturpr. er, N,
eap1Al invested tn their business were reuarnf.
= 1rom 10 to 50 Per cent, and sometimes eycn
:. Ihst the effect OF this high tarin had baen
nlofaone, and N many instances d.sastrous 10
NAVIGATION interests; and e
9. 1h,t tho wages Of laboe had not 3D.
f.need. but On the contrary had generally de-
clipped, IN consequence Of said high tarin.
a.; eanhos, OF course, give here any consider
apas Fo1!ion OF thas evidence; It Is accessible.
1hd gentlemen can examine for themseIres
Put cannot refrain from giving portion of
We evidence Or gentleman veil known in nv
STATE. lion. Hraaton parrish, who hss held n,
nous important ottlces, State Ind Federsi. and
VINO u now venerable and highly respected
s1tlzeh OF my own district. Writing from
ahAMneesown to the sec1etary Of tho Ireasu-
~, Mr.. Parrish sAva. o~71
The profit Ion farming has not exceeded
Sper cent aince 1872" ~ !. For ths
ten years preceding wheat ranged from IS
cents to e per bushel. corn from Is TO 20
cents. ~ Dn1iug the latter period, in 1874,
Corn has fallen from 20 to l2H cents nor
bushei. LAborers could save for The ten ye.rs
preceding 1642 from so to $50 per nnnum:
sincc the latter period their wsSea will scarcely
sustain them Within the periods mentioned
eren S as9 eeo ,uem e2 .na rs to e. and
tected articles are much higher now. In rem
crai, than in 1872. Tho grower Of agricultural
products has been compelled to live almost
entirely Within Ills own resources. Sugar il
extensively disused; 80 OF cotton fabrics,
other than those manufactured on domestic
looms. homemade woollens arg extensively
used aa substitute for cottons- Horses, cat
tie, mules, and live hogs hAve fallen within tho
The testimony Of Hon. William II. Jackson.
Of Clncxgo, and Murray Mcconnell, J. A. Nc
Dougal, and D. nobb Of JacksonyiIIe. Is tn fin
same effect MI. Rohb estimates the average
rro6ta Of farmers at two per cent, and adds
That: >'N'
- Before 1872 wheat was 70 cents, corn
20 cents; since 1879, wheat 50 cents, rorn
l2iS cents. Prices Of al kinds Of produce are
lower since the tariff. Pork. the last thrce
years, cents, beef cents, horses aa5. mules
30. Previous to that time, horses eco. rnules
$40. pork cents, beef centB."
Nr. Parrish adds to his Testimony tho follow
ing admirable remarks, which are ~ tsue and
appropriate to-day a. when they were w1ittan:
ut IN law Of trade that tho exports and
imports Of nations must bear some elu11 pro-
portion to each other. Tho effect of Eivh
talld, such "a that Of 1872 must prove fatal 10
the agricultural interests in enhancing tho
prices OF many necess,ries of life, impasing
the value OF agricultural products, and closing
tho best foreign markets against us by lavying
snch high duties upon imports that We cannot
Adord to introduce them into tie country,
Many articles Of merchandise xro higher now
in this btatc than thcy were previous to 1912,
and agricultural products lower"
From Massachusetts, Hon. Johnson Gardner
reporta the average profits on capital engaged
in agricultural pu1suita ut not exceeding per
cent, and says:
"There are in the State manufactures OF all
kinds Their prodts for the last three yesrs
have not been less than Is or 80 per cent"
Even from prom protected Rhode Island
Hon. E. Wilbur, Of Newport, Collector, fur
uishca this table. showing how farm products
Hcrp Affected in that EtsfA.