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Political Econ OM.ys
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This science stands indebted to lne
.oreo, wllig party, for the discovery and
demonstration Of a new principle. 'higo
duties make cheap articles THIS is the
principle, which although il has escaP'
ed the notice Of Smith, saye, ans
writer's on political economy, yet i has
many vouchers ia the whig ranks. y
may seem at first glance 10 look very
much like an absurdity, yet whlg logic
can make il clear as day. Take the ar
ticle OF salt. as an instance.


We have been almost converted to the
doctrine, that high duties make cheap
goods, by the following statement, which
appears in the Journal of Commerce Of
this morning:


"THE TARIFF ON SALr.-The follows
ing are The facts exhibited by cargo Of
Iyica salt Just imported and sold.


"The cargo consisted Of 464l measurN
ed busheIr Of fine Ivica salt, which cost
on board, commissions and all charges
included, 81 cents per bushel.


.sThe Custom House measures made
Of il 1862 bushels Of Sc lbs. or l2 cents
per busheI measure, and 100 per cent.
on the cost.


"This cargo OF salt sold at % cents a
busheI, leaving AZ cents freight. But
the duty. il would have paid the same
freight if sold at 10 cents per bushel." ."


After reading this, he must be hard1<8
convince to whom it is not as clear as
the light Of day that the more heavily
You tax an imported article, the cheaper
you get il. But you must use peculiar
arithmetic, or you will get a wrong re-
sut. The duty on salt amounts 10 10
cents a bushel, and The Journal Of Com
merce, following the rules Of Colburn's
arithmetic, supposes thar if you pay Ten
cents bushel for the salt including the
cost OF freight, and twelve cents more
lol the duly, you will have paid twenty
Two cents a bushel in the whole, aud
that, if you could be relieved from The
duty, you might have obtained the salt
for ten cents a bushel.


Those who reason in this way, pursue
the vulgar method Of addition adding
together all the sums you pay, and sub
tracing those which you do not pay
The tariffarithmetic, however, follows
different process. You must subtract The
lu!y you pay from the actual cost Of the
article. and you will find that you lower
the price most surprisingly.