Year: 1870

though q Free-Irader, 6nali not CIT III Juuging
them. Here is The World issuing from 1900
to $1,000 copies daily, and selling as many of
them as it can at four cents (retaiD per copy.
A change r. proposed whereby The World is
virtually guaranteed market for all the copies
il can print between and 7 o'clock A. M
say One Hundred Thousand copies per day, with
Ia probable increase of One Thousand copies
per week indefinitely: Would The World
thereupon increase its price Would it not
be more likely to reduce it Guarantee us
sale for all THE TRIBUNEs we can print, and
we will reduce our price tomorrow, and make
money by so doing. 1t is market, not price,
that most manufacturers find insufficient, and
many things are cheapened by largely
increased demand-newspapers conspicuous
among them. They are always cheapest
where most Of them are required and pur-
chased. And thus Protection has often cheap
encd products, to the advantage OF both pro-
Queer and consumer The facts adduced in
support Of this position in Greeley's Political
Economy, PIP. 10O-6, have never been ques-
toned, much less Oyerbornc.


Hear The World talk sense with regard TO
Wool and Woolens, in the hope of extricating
Gen. BrinkerhOff from his menviable per-
plexity


1--WE suppose nobody ia quite narrow as to contend
that the tariff Is the only that operates on prices
The price OF WOOL and Of all fabrics made Of was raised
by causes having no connection with the tarln, and
declined spite OF the tariff when those causes ceased
civil occasoned throughout the world, greater
change the cost Of rainent than had ever occurred
since man became clothes wearing anmal;' as the
great rcsarfps OF the Protectionss very well
knows Cotton went great deal higher than wool in
ordinary times and the production and manufacture OF
wool were prodigously stimulated TO supplement the
deficiency in clothing caused by the cotton famine
Since the close Of the war, tho culture OF
American cotton has been gradually revving; and. in
proportion cotton goods became cheaper there was
corresponding falling of in the extraordinary demand
for wooden. The wooen manufacturers all the
world found that they Cutting the market with
surplus goods; and the wool-growers that they had
great superabundance OF sheep or the price Of
sheep, of WOOL and Of wooden goods had to fall every
where, tariff tariff The tariff had not carried the
price up and could not prevent 1t from coming down.
The price OF wool could have been kept up only by


nuance Of the dearth Of cotton. OF course many wool
growers had TO shear their sheep and sell them for NUT
tOn getting simply the value Of their flesh in
stocked market Only those keep sheep whose land
is least valuable for other Gen. BrnkerhoG whose
farm city, therefore had 10 sell hs sheep to the
butchers at great deal less than they had cost him..


Comments by The Tribune.


Any intelligent Protectionist could have told
Gen. Brinkerhoff all this four OF five years ago.
1t is the cost of production that governs the
price of Wool of Iron, of Newspapers, and of
nearly or quite everything else. Of there is
Free-Trader so green as to doubt this, let him
read Bastiat and learn. That cost is sometimes
materially reduced by enlarging the market
and quickening the SALE Thus, we doubt that
good Pianos or Clocks or Axes, or Spades,
are cheaper in any other country than in this;
and they are cheap here mainly because we buy
so many of them. Gen. BrinkerhOff, it seems, mis-
calculated that Wool would be so high because
of our Wool and Woolens Tariff of 1867, that he
bought flock of sheep at s. per head, and went
to growing Wool on unfit, because too valuable,
land near large village; but Time showed
his mistake, and made him sell off his sheep
at 81 80 per head, because Wool fell in price in
spite of Protection. He ought to be thankful
that his ignorance Of economic principles did
not cost him far more. Had he been fooled
into putting up q furnace in a locality equally
unsuitable, and gone to smelling Pig Iron, he
would doubtless have smashed ere this, and
cursed the Tariff worse than he does, when
the blame ought to fall on his own stupidity,
in following the blind guides who teach that
Protection necessarily enhances prices