The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-03-10

70 h very ser1ous The same ehecto
ensued when the reform OF the british
tariff, under the lead of Sir Robert
Peel, was carried in 1912 and ls45, be-
fore the repeal Of the corn laws In lsa0
A great boom occurred in agriculture.
manufactures and commerce alike, ana
the revenue increased rapidly ON I'M
ports which remained dutisble.
The effect Of these changes In our
own policy is disclosed. perhaps. more
fully by the variations In the price OF
medium washed fleece wool in the New
York market under the influence OF the
re moval Of restrictions on trade.
Under high ,arin Of is's, average
price IN leH.-.... .-....... -. -" eos~
Under lower sarin OF Isss average
price In 1877 ~. ..-..-.... .-.......-O cents
Under love- r tariff Of ls4A average
price In 1881 ....'...-si." sou'S
Under lower tariff of isse average
price in ls3i...... ....---s "a VIM
Under lower tariff of issa average
rrice In 1857 .46O cents
Under lower tarin OF 1857. average
price In isD ...-. - " con's
The price Of pork is one Of the most
va riable in the whole list OF Important
products, but il shows the same general
te ndency.
The export prices of corn. wheat and
cotton show vet more conclusively how
much the prosperity Of agriculture
rests on freedom of exports, which can
ONLY ensue when imports are free from
obstruction, except duties imposed for
revenue only.
The commerce of the world has ex-
banded in huge proportions since 1880.
but our import is and exports combined
from 1884 to 1892 under our excessive
duties stand at an average OF only
s22. 20 per capita, as compared with
Sal 66 in that year
It needs very little knowledge OF the
fiscal history of other countries and OF
our own to predicate an assured gain
in imports and exports on change in
our present tariff corresponding to the
gain which ensued from ls47 TO 1860 in
elusive, with similar effect on the
prices Of our principal farm products
The gain in exports only between
1886. the year in which the Walker
tariff was passed, and 1851 vase per
cent
The most potent objection to the
present system is its obstruction to tho
exports of our surplus products
There are at this time more persons
occupied in agriculture, whose market
depends absolutely and wholly on sales
for export, than there are persons en-
gagged in all branches of other kinds OF
: industry, in products of which one OF
: like kind could be in part imported
from a foreign country to meet our de-
mand.
Reference cannot be too often made
to the fact that a. per cent OF the pop
, ulation of this country is occupied di'
rectly in agriculture. More than hall
! the persons occupied in trade are en-
! gagged in the distribution of the prod
ucts Of the field, and by far the greater
> part of the service Of the railways is in
moving our great crops.
1t follows. Of necessity, that the de
velopment of manufacturing industry
: the possession and enlargement OF the
$ home market and all other objecti
: aimed at by the advocates of high
e duties, can be attained with absolute
$ certainty only by the entire abatemen'
0 | of duties on all articles which are nee
essary in the processes Of domestic In
$ dustry and by reducing. with discretion
y as 10 time. all high rates on manufact
ures of finished goods to such points q
y may leave the exchange Of the product
n Of our farms for the products Of othe
:. countries rs free from obstruction =
u the necessity for q revenue from Gus
/ &~vv,s ,s.sll v,arrpif