, 1875-03-30

THE CHICAGO
South, and 10 Tint extent cn1nrgct! tho n'nrkct
for Pennsylvania r,utlucts. Tile pnnia OF
1879 dill not affect tic demand for cotton,
nor diminish Its price 10 my extent Tint
, could imroyclfat tie producers. III point Of
fact. then, tho Southern States onght 10 bo
n mich },ettcr narket for manufactures thnn
before tho Civil Var. Why Ia ituot 20 Tho
rcason is jus. lie sanle that applies to all
other parts Of tho country.
1'rior 10 Tho Nnr, In 1850, tic soutl, cx-
ported s19l, 400, 900 worth Of cotton, md re-
ceived in exchange therefor ss101, 900. 900
wortl, Of such manufactures as they needed,
less some % per cont tnx paid to tho United
Ssntes Government for rovcnue. In 1871,
the South exported less cotton md received
moro money therefor, as will be seen by tho
comparative tIsurtn:
lt,s' .E,:uS5.:u fr';t ID. Tstal r,ln,:
y ,*;!':I *a;I...1.;!ys i,s, saMS os =: e"
II will bc soeu that the South received iu
1874 about 31S. 900 300 more for ita cotton
exported than It did In 1860, md TINT the
quantity exported WINS sono o2 per cent lcsa
than in 1sGo. Ordinarily, 1t would hnvo TINT
much more money with which TO purchase
manufactured goods in exchange, and the
South to that extentwould be a "bctter MR.
ket" tlaau III 1860. Why is it not? Since
1850, tho statesmen of Pennsylvania hayo
changed the wllolo policy Of tho Government.
They have changed tho system Of taxation
from revenue OLE to sort Of partnership
arrangement, by which tile Government in,-
poses taxes, of which tho United Slates 70.
ccire small portion, and tic residue goc. to
'protcct tho men WHO aro now appealed TO
in Pennsylvania by their lnborers for bread
for their starving families. Tho eject Of tho
change is shown in the results III ion tho
South in their comparative receipts for cotton
Itcr paying their tax:
lsSa.
Proceeds Of cotton .sa1 eco,oo1
TariS tax .dpcr cent. 3l,MU,u51
Net n,vAus to purchase manufactures slGo s:0,cco
ts7..
F. rr'eseis e 2: cotton .*:oa p'on
Net means 10 purchase manufactures. .tlaa 10; oJ0
Had the tax been the san,e in 1874 as In
1860, Tue figures would have been:
TIosseas oI % eotson:
Actual f1 ,,fa ff1ess. es,. iii il
Direct rolbery for protection. a,7ua,ro1
It will be seen tilat while the South, in
1871, received 4 cents per pound moro for
tile cotton exported than in 1860, mud for
much lcss cotton received $4,000 COO more
cash than in 1860, tho net proceeds, aftor
satisfying tho demands Of unprotected gontle-
,nen, was $50, ,oo0, 600 less than in 1860. The
entire advanco In tho prico of cotton WIS
taken AWAY from tho Southern people, and
their 1f9 cents per pound in 1874 did not
buy as much manufactured goods rs did the
1o5 cents per pound in 1860. Apply this
same rllo to the tobacco md sugar crops of
tho South, and tho 1nain reason why that
section is 30 prostrato aud unable to rise is
that Mr.. WALLACE and his associates havo
these people BY the throats, and rob them
and pl,sllder thon Of thoir haryl-carnod means.
At tho close Of tho War, Congress- laid an ex-
port tax on cotton Of cents per pound, when
cotton was enormously high, untlcr which,
while the tax continued, tho Government
collected some $e0,ooo,000. Tho South is
for o return Of tlat ta1. But
under tic tariff, which the Into Congress was
brazen enough to increase, the southern
people nro taxed now annually to the extent
of one-thrd OF al the cotton, tobacco, sugar,
md other products they have to soil, and the
nggregato Of this tux far exceeds the export
duty on cotton in 1866. These Southern reo-
ME. dcSDftc the largo nflynnce in flla Dricn nf