n goods from 1896 10 4844 i:
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From this table of prices il appears that raw Cotton has fallen in England, since 1886. from Tod. to sd, and that Cotton goods have fallen in price ia about the same proportion. An examination of prices in this country would prove the same fact until NC arrive at the period when our home manufacturers got exclusive possession of the home market. and had that possession insured to them by the tariff of 1842. Then the anomalous fact was presented that whilst raw Cotton went down, Cotton goods went up! How will the proteclionists explain lhis thiog to the Southern Cotton grower? The raw material costs less-the price of provisions 1s down as low as il can cone-the price Of labor is atthe lowest Poiat-an4 vel the manufactured goods are going uP

 There Is but one true eXpIanaiion-the Cotton manufacturers are making enormous profts-the tariff enables them to raise their prices and remain secure from foreign com petition. At present prices of Cotton goods foreign goods could be imported aud sold at much cheaper rates, but that the high tariff prohibits their introduction. Cur Cotton manufacturers are therefore protected eaae- tually in extorting from the country heavy profits, and in their exactiona they are made secure by the prohibitory character of the present tariff