The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-03-10

ms table shows plainly enough that the
price OF rails is higher in the United States
Inan abroad, because of the duty on rails
Inc talk that rails fell from S17O to 500 be-
cause OF 80 per cent. tariff on them, con
Venlentiy omits the fact that the price
abroad fixed the tariff bounties the home
producers were able to exact Had not the
foreign price fallen, the home price would
not have fallen.
| Inc census showed that. the value of
1arm land in 1850 was 1921, SIS. 421. In
lou, alter ten years of low tariff, the value
was S6,645, 045, 007. The value of farms.
then, doubled in ten years of low tariff, or,
more exactly, Increased at the rate of lO15
per cent. yearly.
In 1850, aftor twenty years of protection,
the value uf farm lands had increased to
SIC, 197, 096,76 The value of farms had
not doubled in twenty years of protection,
put had increased at the beggarly rate of
219 per cent. searly.
The same authority showed that the
yield of gold and silver per capita was s1S
during the low tariff decade and SIS during
the nigh tariff decade, so that it was not
the discovery of gold that caused this pros
peritJ. Here is the Tribnnes answer:
When the money of this country was doubled
between 1850 and 1860, this contemporary saws
the reason property doubled was not because
OF values doubling, but because of low tariff.
observe that the fgues of increase were
as Is to 10 merely and not as two to one. Nor
did the money of this country double in
amount between 1850 and 1860, and during
the succeeding years it has increased as
mucn as 1t did during the gold years.
Then by species of Mathematics which no
person outside of a lunatic asylum could under
stand, this contemporary goes on to state that
whereas the exports of agricultural products in
1851 were 81 per cent. of the total exports and
as IN 1889 they were but ~ per cent, and as ex
ports pay for imports, as matter of fact. the
farmers PAID 70 per cent in 1881 and 30 per cent
IN 1857, and hence the tax is over S27 upon every
farmer, farm hand and dairy maid in the coun-
try. If that is not pure lunacy then there is no
occasion for lunatic asylums. A New Yorl,
banker imports for his house 100000 in tapes
try, rare carpets pictures, stationery, etc. In
stead OF remittfng the gold he takes it and BUYS
l2oooo bushels of wheat of the farmers, paws
them the gold and ships the wheat to Liverpool.
tnere TO be sold to pay his debt. According to
tnls lunauc the farmers pay for the furnitures
ana pictures in the bankers house
NO they don't but they paythe tariff on
articles bought with wheat The banker
buys American wheat at less than Liver
pool prices, to pay for his furniture, and
the purchasing power of the wheat IS cut
down one third because the government
SEXES one third of the pay for it. That
likes the pay the farmers receive. one third
below its normal rate, no matter if the
wheat passes through hundred transac-
tons after leaving the farmers hands. The
final pay for the wheat is what fixes the
farmers pay for it. Were it not for the
tariff the farmers could get one third more
Tor the wheat they export than they get
now. The gold the banker pays them
would purchase one third more goods than
they get now for it. And while he paws
them merely the difference in freight be-
tween this country and Liverpool, yet the |
government reduces the purchasing power
OF This gold they receive just one third. |
They must buy manufactured goods. of |
which the government seizes one third at |
the custom houses. They sell wheat and |
corn, on which there is no protection and
there can be none. They sell in a free and |
buy in protected market. 1t thus appears
who the lunatic is.
Again, this lunatic says the tariff has reduced
the farmers exports S20),0o in eight years.
which is just as crazy a statement as the
others The government demonetized silver.
which has had the effect to reduce prices 20 per
cent, SO that the amount Of wheat and cotton
has to be increased nearly or quite 80 per cent.
20 bring the same amount of money as given
amount brought in 1880.
Silver was demonetized in 1873, while the
figures we gave were for 1851 and 1855.
We need not tell our readers who is the
lunatic; for as in every other case on this
question, the facts are against the muddled