, 1873-06-20

tho change from cotton to woolont 1t Vol nov
allow farshor incroaso for that chan8o, divid.
Ing tho ono yard pe" cnpiia according to tho
rasio Of imports to production OF woolon and
woratod gootla in 1860, ITO hayo %, ,0o3 900 yards
moro for production, and total product of
20o,623,865 yards "a tho result Of manufacture
nndof low dusioa, whoroas 100, on, ,042 yartls Inns
boon tho result Of t'protootol" manufactures.
But tho question still remains ylother fho
inporta would hayo yielded ut low dutios thu
royehuo neodod. Now, tho Imports OF cotton
goods advanced 76 per cent from 1850 to 1890.
and Mt tho shn'n ra1o NO should hayo irnportod
o0b,669,798 yards OF cotton goods In 1870
Or, deducting 52,ooo,o0o yarda for tho
change from cotton to woolon. b.
o6o,703 yards. The incronHo in numbor of
yards from tho 220, ,77o, ooo imported In 1900 Is
o2 por cont; had tho irnporta Of othor cotton
goods advanced In tho aamo ratio, tho enttro
vaIuo of imports Of cotton, which WIS 492, ,55o.-
ooo In 1860, would have boon $48, GAO 900 in 1870
and ut tho "a por cont duty OF 1860 would haye
yielded rovcnuc Of Oil, ,o7s,800. But tho pro-
tootlvo duties Of 1870 aesually yioldod from cot
ton gooda only 100000 600 rovonuo.
. Again; tho imports OF woolen and vorstod
goods (e1cept ca1petB) in 1860 wero s35, so4, 422
and tho inoroaso since 1850 had boon 100 por
cent. Had the Bamo increase continued, 70
should havo imported s77, ,807, ,e2s Of such goods
In 1870 without allowance for tho change
from cotton to woolon. Allowing, thon,
for that change 19,495,9 600 yards at
tho average price Of imported goods
In 1870, OR "a, 729,250. wo have total iuporta~
ton OF woo'on and woratod goods Of s82, 500 s7s,
and ct q por cont duty this would yield rev.
onue Of s19,1s,1o Tho aosual revenue yielded
by protective dutioH on Ill woolen ana worstod
goods (excops oarpots) in 1870 was S2o, 81, ,ooe.
Honco, with tho same dntics in foroo IN 1860, and
with tho incroasad consumption prompted by low
pr1cos nndor tho Inst decade Of low lutioa, wo
should havo obtained almost tho same rovan.,o
that protective dutios haye yielded, and yet man
ufaetured 1oo,000,0O0 yards moro OF woolon
goods. Tho entire royonuo obtained from voolen
aud cotton goods, at tho low duties and with the
increaae of tho last decade continued. abould
havo boon e43o, ,s91, 700, whorcas tho actual roy
enue under protoctyod duties was only S29 783 300,
But tho manufacture, instead Of producing ,oG3,-
5o4, ,2o4 yards Of cotton nnd 19o o77,oA2 yards OF
woolen md worstod, If increasing precisely aa 1t
did increase under low dutios from 1850 to 1860,
only substituting ono yard Of wooden for four
yards Of cotton per capita, should have produced
1,o19,s13.74o yards Of cotton and 200. .528, ,856
yards Of woolen and woratod goods. The total
production Of 1870 under low dutios should have
been q 210 937 GOA yards, whereas tho production
Of 1870 under protection waa only 1,254, ,671 1886
yards. Protection has retarded tho manufac-
turo by LOOT, 900 yards Of cloth, and
has cost tho Government over 81 ,O0o, ZOO
In loss Of revenue. Meanwhile tho un-
happy consumors, tho cont Of whoBo clokl,
has been increased 81 per cont, pay ns mpch for
1851, ,671 1886 yards a. they would for 2o1o85o,-
$50 yards at tho prices Of 1860, tho poor scam
etresBea got less wages in gold than they did
thirteen years $780, and tho much-protoctod
operatives, receiving AZ por cent moro wagos
than thoy recoivod IN 1860, ply GO per cont more
for the necessaries and comforts Of lfo. Such
is protection aolf-dofeating blunder Us
rcvonuo measure or as atimulus to manufac-
ture. an outrageous swindlo aa pretended pro-
vision for tho welfare Of American labor, md
wholesale robbery Of the entire nation Of con-
Bumer8.