THE TARIFF.
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From the Republican BanneT.I


The opponents of the Whig Tariff policy |
must get up new set of sophisms before the
Presidential campaign is opened: for the pub
lie has, we doubt not, become heartily tired
of the old ones.


The whole of their clamor about the i'm
mense bounty given to manufactures has for
its ground work the idea that if we add
duty on imported foreign articles, the Prace
OF those articles must necessarily rise tothe
amount of the charges consequent upon the
duty.-Now who does not know that all er-
pe,ience is against this assumptions No
consi .era5le rise has taken place upon any
article on which duty was laid, and gerer-
al!v there has been material fall of price


This was forcibly urged by MT. Evans,
in his recent speech:


"Ifthere was no competition here, and if
the foreign manufactured always sold bis
goods for the cost of produo ton, transporta-
ton, and delivery in our market, the theory
would be true. But this was not the case
Was there no such thing as enormous pro-
fits on foreign merchandise sold here2
What proportion did the cost of production
aud delivery here bear 10 the profits made bv
manufacturers, shipowners. and mere hants
n vast amount Udu 1Ouc iiitO tbCii h"hoS
from the sale ofthe goods imported into this
country. When we rely on a supply of
goods from abroad it becomes the interest of
ma nufacturers to watch our market. to hold
back the supplies of goods, and keep mp prl
ces. They take care that the market shall
never be so overstocked as to depress the
prices But, as zoe do not rely on foreign
naanufactureS lohOliy, COMPETITION REDU-
cEs PRICE Prices have declined after
the imposition of increased duties.


Again: The effect of the duty is very IRE
quently 10 take away the large profits of the
dealers and manufacturers; aud thus decrease
10 the consumer the price of the Article.


Hlf we ALLOW ourselves to depend wholly
on foreign supply, the foreasa deater tostt
nerer 0Uerst0ck our market. The conse-
qu=nces Of a giu, to the foreign manufaetur-
er at home are very serious. Ii he suffers
the article to be but little in demand. he sends
it here 10 be sold for any thing that he can
get: because. If be has surplus OF twenty
per cent at home, it reduces the value OF al
that he possesses-that which he has at
home as well as that abroad. He had bet
ter sell has goods al cost here than hazard
the lass lrhich he lc0hld sustain By me depre-
ciation of has schote stock This every mer-
chant and manufacturer we'll knows. and
they were always on the watch for this
thing An increase of duties was always
attended with decline of prices. forthe man.
ufacturer abroad always apprehended that
the door was closed upon him. He became
fearful of glnt at home. and he made de-
duction Immediately from his customary
profits Price was exceedingly elastic; a
slight burden carried it down very low. and
relief from the burden Immediately raised 1t.