Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1823-11-28

spsesiy, they bnd you DO MOI merii ~, by pagan.
yVur dents with reasonable ,ucciu,iiN Merchants
are Too sharp igaed la continue supply rs customer
who does not PAY ,hent W. may sa.-y assert thaI
this is an evil whieh viii su,riy euie itself
IL u Ice an, that The inistoItubU exists beirg
compelled Ia ga, the balance asaiGs, specie, ~
amounts tu nntng, Tor s,lec,e tai, anU,i-r name
fur the commodities wcs give Tor Specie i. not
wealth, hui the 'spteseuai'.e OF the wealth. inai
bought il. " we can get mut- iy seujmg specie Ia
pay ,en,, ihan 10y se",iing produce, woih our
while to semi specie II no', We send produce. if we
cannot send produce wiin p,.h' where We owe the
debt we send ,t.ise~hefe, sn'i buy specie with H.
and then ransier the Specie, hy bills OF exchange, 10
The place whe,e 1t - wanted. This is the common
course vi trade.
IL is absolutely necessary the prosperity of ma
hon that the custom -house entries should exhibit
balance OF import beyond export.
merchant eu,harks 5 ~, 600 in voyage, and he
expects, saw 10 pc, cent profit. He huys builds "a
vessel of 500 ton the oui, of the vessel hin
5 90 per tov advance wages, insurance, and o,her
uem-, bring itup 10 s S0oCO. lie puts board
8 so 900, Of the produce nj th,s county. The
m-house entries sbew no mo'e Than this 5 10000
bu, his capital IL 10000. and ,hai is to HIN ID per
cent. which, on s 10000 8 10000. Ifih.,eiu,e,
he does oring back 5 10000 worth of iui eisn
goods, he aiakes had voyage. The oaaital engaged
IA Freight therefore, and winch never appears ON
the custom house books, mast bring its profit like
eve,y other capital. VIVA, the American freight.
age Of last year 8i3.7i3 Ions which, 8 90 pei
tor, amounts To ) 1924 $50. Here is AN ,nomut
oi capital empo, ell III the American trade, and p,u-
ducing ITS regular profit, which forms arclc Of ex-
port, the custom house entries This ought u it,
sell To bring Is million al dollars profit, nl which
contributes 10 swell the excess III import, against ex-
port. These cearsghteu defenders OF Tie Tariff,
however, set down this profit against Ms, as ad loss
To be paid up III specie Moreover, upon every
ported cargo entered al the custom bouse, AS worth
lV0, the merchant uugh, To geta profit ian ample
Que admn) Ol ID per cent. Hence the return
go, ought to he entered at SII5. There, say these
gentlemen, you see how r,s you are gailoping
along the high road ruin yoo have bought ID per
cent more, iaan you have sold you must pay this
b1iance IN specie VIVA, viii these gentlemen say
w,I' these gentlemen say 10 the return cargoes OF
whalers, sealers, aud Pacific Ocean traders. The
merchant calls the result gain tile Tariff gentlemen,
weep over II as loss aud pred.c ruin the nation
from this dreadful excess vi Imports, which has hi
therio enriched a concerned. Dreadful il is, that
reasoning such as theirs, should gain convert al
this day ~ rAe Congress vi the U. STATES consider
AS na'iona misfortune, aud national disgrace,
that we should waste day after day in wrangiag up
position To the very axioms OF well known science
and 10 facts familiar 10 every merchants clerk.
IoJoster national industry 1T requires no fos-
terng II there be full employment for capital, you
have all you can have. Does capital bring al
ways D, generally and per cent. among lis L.
not TINS rate oi interest, AN exponent that capital
ia MOI too plentiful : Ia Holland money eau he had
at 5, IN England at this moment at 5 per cent.
IL Is capital that puts motion, that fosters indus
try. lGyunr capital he fully euployed your industry
Is at ITS speed Ii commerce aud manufacture weld
ine same interest, they equally foster naiioHal indus
ny, winch Is not promoted bu retarded 10y forcng d
capital employ ell i'll the into the other. For akes
lme to do this and hazard Of loss is incurred 10
| DONG IT. All forced results, compau atiyely bad,
when compared To those which follow The usual and
! material course of things.
10 take uorantGge Of nqchinery.--lr capital, en-
poysd in cUunerce, bring 10 per cent and capital,
employed IN machinery, bring Is per there is
huIhing gained by converting The into the other.
Oh, but cotton mill will perform the work of "A
| thousand hands-W, it SO! What then, if it brings
me no higher than common pref But IL will briUy
much q eater proGt--Wiil il so Then so MANY neo
pie will have cotton mills, that in year or Two, the
proh VIII decrease TO the somuion level and shall
The machinery OF England is in many instances
dreadful curse 10 that country and the British
manufacturing system would be SO 10 this. The
works usually 60 night aud day. one set of bows and
guns go 10 bed, as another set get up work. The
mrhiih, The manners, the morals, all corrupted -
They work not for themselves, but for the Capitalist
VINO employs them they are employed on the calca-
i'oh OF now small sum will subsist human crea-
lure they are machines much 81 AS the spiudes
the, superuend hence they not To turn
re dy, from one occupation anoiher they are the
m"s' d.sennent=d the most ignorant The turbulent
oil The British population The whole 10
increase the wealth of few Capitalists al the expense
OF The beuiih, life, morals, and happiness OF The
wreic'es who Iabour for Them | would rather see
hesiises on the sources of national happiness than
national wealth. We want ia this happy country, no
increase of proud and wealthy capitalists whose for
fuses have accumulated by such means. Ii is mot
The careful sk'ul superintendent of his own bust
ness, living irugalk, but pienuiuly on reasonable
profits, who expresses discomfort ut the present stale
OF Ilngs-no, II is The wouId-be great man, anxious
TO acquire wealth speedily, by means Of AN exiorted
monopoly, who is forward in pettioninp for an
Increase OF prohbiiory duties. Neither the propbe
cies, Ike promises, or the statements of these me
are 10 be trusted. They may pledge themselves To
any thing, for they know they cauuo be called on To
redeem II. They calculate the imposition will last
their time. Well meaning and good men, have be ~
over persuaded by the bald assertions OF those who
are intrus'ed aud we stand now actually on the
very brink of the precipice which they have urged
u.s. IL IS Impossible to shut eyes the wonder
iul superiority IN permanence of capital invested ~
agriculture, over capital invested in achineTy For
instance, the silk trade of Englasd would have been
Frustrated by tile cotton trade, 81 Parliament had not
taxed the people to keep ii alive. remember when
'iwas dangerous To walk the streets with any but II
netdi button TO coat, the button trade heug in
jeopardy from covered bulious. remember petition
upon petition to The Priuce Of Wales, 10 beg his high
ness would wear buckles to his shoes. II is "A axiom,
founded ON universal experience, that nonopoIisis
Will forever continue TO require monopoly. The
question between The sugar planters of the West In
dies aud the East Iudes now ia aritatioa is most
useful lesson.
To protect Establishments noo in existence -There
irr many manufacturing establishments row ia = xis
,ence, WHICH require no fan her aid protection
Nothing OF the KIND IS necessary, where common
skill, indus ryj prudence and ffugany are eu,pIoved
know, from personal inquiry and observation, of 50
many Cotton, wOolleD, snd other establishments,
whose prudent owners were acquiring fortunes 10y
IheIr industry, 1T The very height Of MIR. BALDwINs
lamentations, tbdi no possible doubt exist with
me OF the competence Of the present system afford
all the protection that industry requires Exrava-
gdnGe, uuskluiuess carelessuess, high profits, and
sEer-tfadIng, will urge with all kind Of Importantly
Tue Necessity OF further protection bot ought they TO
Oe listened 10 u - worth while Tor gentlemen 10
inquire, whether ail this out-cry has arisen from
Ia selfish views OF very few men, who wish To sell
out Improbable establishments, or who have lnrge
unsuitable stocks on hand Which the proposed mono
poly law would give value to Whether the news
paper essays, tie pamphlets. aud statements are not
II ip t,,sI,,