Democratic Sentinel, Volume 15, Number 40, Rensselaer, Jasper County, 23 October 1891 — TARIFF SHOT. [ARTICLE]

TARIFF SHOT.

Since 1816 we have had three periods of high tariffs, one period of a moderate tariff with incidental protection, and three periods of low tariffs. How the price of wheat has been affected by the tariffs during these periods is as follows: 1. Period of moderate tariff, with Incidental protection, 1816 to 1824, wheat, $1.26 per busheL 2. Period of high and prohibitive triffs, 1825 to 1832, wheat, sLlo}s per 3. Period of the low compromise tariff, 1833 to 1842, wheat, $1.35 per bushel. 4. Period of high tariff, 1843 to 1846, wheat, $1.02 per bushel.. 5. Period of low revenue tariff, 1847 to 1857, wheat, per bushel. 6. Period of lower revenue tariff, 1858 to 1860, wheat, $1.42 per busheL 7. Period of high and prohibitive tariff, culminating In the McKinley tariff, 1861 to 1890, wheat, $1.22 1-6 per bushel. High tariffs depressed the price of wheat; low tariffs raised wheat prices.