The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1819-02-17

IN SE EiAYE.



pediency ofprohibiling, by w, the exporta
100 oi the gold, silver and copper coins o
tae United S,ales, report !:
hat the measure contsm plated in the res
o'ution, intimatsly connecting itself with tn,
hscai concerns OF the nation, the committee
through their chairman, addressed a note Il
me secretary OF the treasury, requesting hi,
opinion OF the pfsPriety Of adopting measures
for The aitainmen, of the object in contem.
pia'ion, from whom they received in reply q
communication, which accompanies this re-
port with the argument and opinions ex.
pressed IN which, thoss of your committee
substantially correspond.
OF the incfficacy, If not entire importance
OF Legislative Provisions, to prevent the es-
cspesof tho precious metals beyond the ter
E,tor'ai limits OF Tho government, tho history
of all countries in which the power Of legis-
ia'ion has been thus oxei cised, bear testi-
mony. And II all the efforts of arbitrary
power, IN despotic govsrnmcnts--if rcgula-
sions' dictated by the most cautious and jeal-
Gus policy, guarded by penalties and punish
ments the most cruel aud sanEuinary, and
enforced with rigor which knows no miti.
cation, have been in vain what hope can DO
indoiged, that government, like ours, the
genius and spirit of whish breathes mildness
nnG modera'ion---a country, io which cruel
pnd uoususi puhishnents are unknown, could
nad the means Of obtaining, by this mild
spirit OF legislation, this desirable end I In
deed, no error seems more entirely renounc-
cd and exploded, IL not by tho practice Of all
nauons, at least IN the disquisiiions Of psliti.
ca economists, than that, which supposed
tbat an accomulatIon Of the precious metals
could be produced in the dominions of one
sovereign, by egnIations prohibiting their
exporIation 10 those of any olhec The
evils resulting 10 the community from a
Scarcity, or too small portion of the pre-.
c'ous metals, seem to- your committee to be
100 deeply seated, 10 yield 10 any remedies
wit'io the competency Of egislation TO afford.
II Is malady which admits of no cure but
thai of time, patient industry, and persevsr-
ing economy. As long as the balance OF
trade IS agaios' ~, so long will constant
efiipx of 'he q ecious metals be required for
the discharge of such balance.
r ON his axiom in commerce, the cor.
rectness OF which, il 10 believed, never was
questioned, IL follows, that il remains with
tbs people the nselyes to adjust this balance,
ana 10 produce pseponderance IN favor of
our own couetry. Highly favored as they
are by the bounty of Provide nce--b!essed
with country Of unparalleled er,iliy---wi,h
soil, climate, and situation, almost infinitely
divsrsied--wi,h capacities of rivalling cvety
quarter OF the globc In the agricultural pro-
ductions, as we'll % in tho Perfection of their
raw materials for which are SO
abundantIy Furnished them within the bosom
OF their own cou0t'y--aided by moderate
nnd wise economy, Ia a limited enjoyment OF
ioreigo Iuxuties with these advantages,
duly appreciated, and fully improved, TO
Whist elevated condition, IN their intercourse |
with foreign nations, may they aspire To
Tho protection Of our domestic manufactures, |
by The imposition Of duties on foreign i'm.
pcrlations, the national government, seem to |
have gone as Tar as sound policy would war |
rant Or PEI mit; The proscnt tariff having |
boon framed, with view as we'll OF raising |
The quisite supply OF revenue for the sup
port Of government, AZ, by the amount OF the |
3o.,s Imposed on foreign articles OF manu-.
actu,e,to enable our own manufacturer Of
ItMiiar articles, TO meet the importer Of such
Isreisn manufactures IN our own market, on
.ska,s OF fair aod equal competition.
Fp ther than this, IL would seem to your
sDonmittcc, the Congress of the u. States
shgn, not to 60. To csm,nercial entcrprizc,
% the ssgaeity of this class Of the community,
"a pencd by the keen sense OF interest," and
,Aaghten~d by long experiences, II should be
seR 70 explore the old--or, seeking new
pAsnoels of commerce, And ou, the most pro.
J able markets for the productions Of our ma.
ase snd domestic industry, and to bring Us
q. .exchsnge such Of The productions OF for.
,ign climates, aud Of foreign labor, ss our
:itizens arc willing to purchase. In short,
d Is the opinion Of your committee, that con-.
nerce is always destined to flourish most,
rhs's,it is permitted to pursue It's own paths,
marked out by itself, embarrassed as little as
possibie by Legislative regulations or restric.
ionN s
tFf6m these considerations, your commit
20 arc Induced to recommend the adoption
,f the following resolution
Resoivedy Tha, il is not cxpediens for Con-
lfess % adop, any regulations for preveat