The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1871-01-07
ness generally; and is good au

ness Generaily ana is good au- !
thority which says:
"All persons acquainted with |
business affairs ia this city and |
throughout the United States.
know that there has been no peri /
cd IN a series of Years when there
was so great depression OF trade /.
and so much real difficulty for bus
mess men to sustain their posi-
tons Nor is this depression con
tined to mercantile circles. 1t ex-
tends to farmers, planters, mechan-
les and the entire industrial com
munitv. From all parts Of the
country we hear the same COM
plants of the scarcity of money
and Of the difficulty OF m aking and 4
collecting payments. Indeed, it is
probable that at no period sir ce
the financial depression Of 1857
have the people suffered more from
Strengthened means, or been fore
ed to economist on shorter al
lowance Of commodities. Of
course, there is no downright pow
erty among any class. but there is
an absence Of the ability to obtain
the comforts, and even luxuries,
TO which our more favored popula-
ton have become accustomed"
The Economist gives as the
causes Of this depression, this
courageous tariff" which is a
great deal worse than the ''tariff
CT denominations" which was pass
ed in 1928 and lasted only two
| years and the heavy taxation OF
the country and the gold boarding
policy Of the Government. That
We are taxed and fairfield to death
is plain matter OF observation to
any rational economist. Our cur
rency is sound and the products Of
the country are abundant, why this
depression
The Protective Tariff" under
which We are living, is nothing
more nor less than system Of
Private Legislation" and is made
up from the various ''rings' which
have infested the Halls Of Con-
gress' for the last ten years. As
a specimen of ''Private Legisla
tom in the way of Protective
Tariff" I subjoin the follwing lit
tie article from the indianapolis
Journal Of Dec. 2Sth inst, which
is only ore in c hundred of the
like 1t reads as follows: :
A statement lately addressed to
Congress shows the exorbitancy
of the duty by which the salt mo
nopoly, in the country is protected,
For example, on one invoice OF
TIC tons of salt, costing in United
States currency Sl,637 so, and
imported from Liverpool, the duty
amounted to 1921 OF, or 200 pc,
cent on cost In another instance
on $50 tons, costing Sl,526 Go
the duty was S3,043 80. CIR 1919 pei
cent. In yet another, on go tons
costing $685. SIS. the duty reached
81, 265 54, or 200 per cent. Tn,
freight on the careoes averages
about lis per cent. of cost, anf
that, surely, should be sufficien
, protection for this branch of Amer
lean industry. If to this item b.
added the duty, we have in tn
cases cited evidence thas the On
!, ondaga producers are protected t.
the extent of from 374 to 1884 pc
cent. Of the value of their product
! Now, how does the farmer, TIL
mechanic and laboripg man like t
! pay from three to four hundre'
r per cent on his salt, for the sake G
| making few men rich. If this
/ not wholesale plundering Of til
labcring classes of the country
;. am unable to determine in wins
4 way one could be gotten up. Sti
we are told that the consumer don
n pay the tariff. Well. who does
q What good does it do to have
/ Protective Tariff" if il does ne
q protect? and it does not prote,
o unless it raises the prices of til
4 articles on which the tariff
Y placed. VoLo.