Democratic Sentinel, Volume 15, Number 43, Rensselaer, Jasper County, 13 November 1891 — Tariff Shot. [ARTICLE]

Tariff Shot.

Since 1816 we have had four periods of high and prohibitive tariffs, one period of a moderate tariff with incidental protection, and three periods of low or revenue tariffs. During our whole history high tariffs have lowered the price of farm products by checking exports and imports, whilo low tariffs, by stimulating foreign trade, have raised the prices of what the farmer has to sell. This truth is well shown by the average prices of corn during each tariff period. I. Period—Moderate tariff, with incidental protection (Clay called this a revenue tariff), 1816 to 1824. Corn 76 3-10 cent per bushel. 11. Period —High and prohibitive tariffs of 1824, 1828 and 1832; 1825-1832. Corn 62 cents per bushdT. 111. Period—Low compromise tariff of 1833; 1833-1842. Corn 77% cents per bushel. IV. Period—High protective tariff of 1842; 1843-1846. Corn 57 cents per bushel. V. Period—Low revenue tariff of 1846; 1846-1857. Corn 73% cents per bushel. VI. Period—Lowei revenue tariff of 1857 (spoken of by protectionists as our “free trade tariff”); 1858-1860. Corn 60% cents per bushel. VII. Period—War tariffs of 1861-1882. Corn 75 cents per bushel. VIII. Period—High tariff of 1883: 1883-1890. Corn 53 1-6 cents per bushel.