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The experience OF nearly two years has
been amply sufficient to convince every I'M
partial mind ofthe grea. benefits ofthe pres
ent tariff One Of its good effects is, the
reduction in price of almost every article Of
domestic consumption. This Is literally
true, if we except the article ofsugar and Of
cotton fabricks, and for the increased price
of the former may be assigned the fact Of a
partial failure in last years crop. and Tor the
latter the increased value Of the raw mate
rial during the active portion of the cotton
market. Salt, iron shoes, wooler and coarse
cotton goods are cheaper now than they
were in eighteen hundred and forty one.
We say in Al, for it is fact worthy of re-
mark, that the locofocos compare the pres
ent price of all goods with their retail val
ue in 1843, and not in 184l. Why is tEis2
They must evidently think that, the people
of this country are so Ignorant as not 10
know that the present tariff was passed In
1912 and that we had all its benefits during
the whole Of the past year. But why are
some goods higher now than they were IN
'43 and lower than in '4l2 The solution
of this difficulty may be found in the fact
that many Eastern merchants, anticipating
the passage of the late tariff, enormously
introduced into the country in the spring OF
'42 more goods than could be possibly con-





sumed in a reasonable time. The market
was glutted, and in order to meet Liabilities
incurred in these over purchases they were
compelled 20 sell at low advances, and in
many instances a. considerable loss. Hence
the remarkable cheapness of articles In '43.
This olut howt yer has been removed, and
the present price of all articles. (sugar a.
lone excepled) is healthy and permanent
but still much lower than it was in 1S4l.
For this reduction in price we can easily
assign a very satisfactory reason. Capital
lists in the North have invested large sums
in the manufacture Of all kinds of goods
have encouraged competition in home labor
and have :hus been enabled to reduce mate
rally the price of all articles Of consump-
tion. II is an undenia5le proposition that
sthe larger the amount of capital invested in
any business the cheaper must be the pro-
ducts OF that business" Let us take the fol-
lowing example to illustrate the above posi-
ton A merchant in Holly Springs in
vests yearly the sum Of two thousand dol
lars in goods which he is compelled to sell
at SO per cent to meet his current expenses
Another has Fifty Thousand Dollars inves-
ted IN the same kind Of goods which he can