{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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This table shows that both high and low prces
have ruled under high tariff The averag.
rate of duty in 1896 was within fraction as
high as it is now, and -four and cotton were one
hundred per cent higher than they are at this mo.
ment The regulator of prices will be found in the
under the head of bank loans and not in the per
cent duty levied upon our mporations II is really as
'onishing what consummate ignorance is exhibited by
Legislators in Congress and in State Assemblies in rea
ton to commercial systems and effects of tariff laws
The proteconsts of the North say give us liberal bank


ing systems and high tariff and every branch of bust
ness must become prosperous; while their oppo
nens OF the South say, give specie currency and
revenue tariff and every interest of the country must
thrive and prove productive. Now the effect Of liberal
banking systems and expanded currency to raise
prices sufficiently high to annul the tariff and to admit
foreign manufactures to any wanted whe on the
other hand the effect of reduction Of the currency to
specie standard would reduce the price of labor and
therefore, prices of every thingshut foreign manu-
facures and send the general into the mar
ket begging for loans to meet the current expenditures
1t thus appears pretty certain that the event of either
party being able to carry out all its measures touching
commercial matters the country at large would be in
Jured and prosperous times temporary and seldom re-
alizcd Amedum course is the only safe onc Wo want
system of banking, with paper circulation based upon
specie When there many interests to legslate
Tor as this country possesses conservative course will
prove the most judcious, and the least likely to de-
range any of the existing channels of trade