, 1873-04-30


and 18 wounded, wore brought back to camp,
and 6 arc Htiil missing. -Four Modocs are ro-
ported killed.
NEW PART1EH AND PROTECTION.
The Now York 1t7bunc nsscrts that tho tmo
for forming now party Ia not auspicious, aud
especially 1t is not desirable to- nyo a party op-
posed to protective tariff. 1t says:
Wo can understand, Of course, tho necessity party
organ feos for party and tho nocessity Of party
somo sort Of distinctive principle but submit that
even II thocondtlon Of tho country and tho imperative
demands Of tie reyonue did not at this moment mnlo
tho question OF freo trade tmprncticnblo asruc-
ton, tho finaty to which tho party itself consented
under the aanottty Of national PLATFORM should for-
bid its taking 1t up rs an Issue.
i Tho suggestion that tiero ia anything in tho
condition OF tho country and tho imperative do
1nands Of tho revenue that makos FREQ trado. as
1t is understood in this country, m mpracticablo
| abntraction, is not warranted by tho facts. Tho
abolition Of duties on all imports Is ono thing,
| while tariff for revenue purposes 10 another.
Great Britain may DO considered as having FREQ
| trade policy, and, as opposed to tho theory Of
protection, 1t Ia precisely tho FREQ trade policy
! needed i'll this country. We repeat that thoro is
| nothing in the condition Of tho country that
renders such q, tariff impracticablo; on tho con-
trary, there is everything to commend 1t aa tho
ono thing needed to mako tho industry Of tho poo
plo remunoratiYo. We labor under tho oppresa-
I've evils OF q appreciated currency mud fictitious
Values. Tho Commissioner Of tho Conaus in ar-
ranging his tables of industry and comparing tho
results with tho results OF former yoars, points
out the difference botwoon the real and tho Beon-
ing values Of to-day. Tho tables comprise tho
twolyc months ending juno 1, 1870, e1ld they
chow that tho gross value Of all articles manu.
faotured in the United States was - 232 025, ,442
an increnao since 1860 Of 108 pcr cont. Upon
this point tho Commissioner says;
After much thought and extensive inquiry on The
subject, and the application Of humorous sests tho
Superintendent IL disposed to regard 50 per cent a.
just statement Of tho increase M prlco for ali classes
Of mechanical and manufacturing productions ba-
twcon 1860 and 1870 tat Is, lint manufactured art
oea Of the aamo uuality-averagng al branches Of
producttou-whteh would have bcon 81 900 100000 In
1860, would hayo beou worth 1860 600 In 1870
This would leave the increase OF manufacturing uro
duoton in the ton years to bo reprcscned by 80 per
cent.
From this tt will bo Soon that, during tho ton
yearB ending 1870, tho actual increase in tho
national industry was but % por cent; the othor
&c per cont is the difference between tho real
and tho seeming, g,--betwoon what VIC are actually
making and what VIC appear IT, bo making.
oudor the combined effects Of deprecated
currency and protective tariff, tho business
which appears on the books il largely fictitious.
as opposed to actual values. Tlo man who rated
tho weekly wagos Of his 1aboror at tho currcpt
cost OF barrelof flour dealt Justly to tho labor
or, and conducted his business upon o roal value.
The man who manufactures 100000 pounds
Of wool docs not have Lis buainoss incroasod
by an increase in tho cost of tho WOOL and con-
sequent increase In tho cost Of tho manufactured
goods; but an increase Of tho amount OF wool
converted into cloth is actual increase of pro-
duotion. Tho protective tariff has for It's object
an artificial Increase OF pricos 1t increases tle
cost, and therefore checks tho inoronso OF pro-
duction. It dminlshea tho purchasing or ox-
changeablo valuo Of labor, and roducos oonBump-
tiou. Tho protective tax follows tho commodity
in MI its future manifestations. It ia attended
by further increaao in tho Incidence Of taxa
tion. It requires moro money to import given
quantity OF goods; and the profits on I
the enlarged capital net as an incrcaso
OF tax Upon tho things imported Tho
coat OF materials In al tho manufactures |
Of tho United States has boon greatly advanced |
by tho tariff, without any increaso of tho actual
yaluo OF the things produced. This fictitious
cost is substantially tar which Inns to be paid
out Of those productions which, from their na-
ture, arc not protected, but Which must continue
to 10 eold ut their real yaluo and, OF co,lrso
can only bo exchanged at a great loss In tho
amount Of return commodities The va!uo Of
aorn is measured not 10 much by tho prios It
brings In dollars aud conts aa In tue amount OF
othor commodities 1t will purchase por bushol,
ANY Legislation which adds to tho price Of Iron,
or other manufactured goods, practically con-
fscates the corn needed to pay tho difference.
Another fallacy is that protection inoreaaes tho
revenue. This Ia demonstrated by tho British
tariff, whore tho whole rango Of manufactured
goods arc admitted free of duty and rovonuo Ia
collected from low articles only. None OF tho
dntieH leyIod by the British tarir nro protective,
and the whole tax IL paid into tho Treasury. Our
tariff is faehlonsd 80 Is to loyy tho greatest
amount OF tax to produce the loaat propor-
lion thereof In revenue We have gone 10 far III
70 repeal the duties that we're purely for revenue.
We suppose there IL no queat!on that