Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-02-03

addition 90 thc manufacturing class :rods hfslien
the prospects OF the agric.luris,s-evety dedu, ton
~ ciord them. These poin's plain and so
clear, aud sneak 50 oud, 10 ,ic best Interests OF ,e
farmers and planters, thai is asonisnb. how icy
can II" so ia, misunderstood.
D." When gold ands ser are scarce among US, the
" nations who possess these metals in great u-niv
" .tai ~ sell them he increased prize ocfision-
g el by the increased demand so thai in ,kur, time,
" Ue supply dsd The demand, n This ia ererg other
" c0mDiOdy, are sure 10 eqndiiSe heniSsi,es 70 hey
thu reader ." hen' IN Remembrance this sirong,
pression-" ns 10 rynoiise h,nssi,es"i We
=" send our houc products 10 the market where spe
80 Gle is fOt sale" H. l9.
THIS plausible but f,llacious theory, was frs,
moached 10y Aia,y Smith, aud is uniformly support
ed by all his followers. But, tested by facts, the
true iouchsone OF all theories, It's upsoundness be-
comes apparent To the most supe rfriai observer.
The test We can apply uneriugly without departing
from our own continent, ar reuogr,ding to distant
periods. ke.iuoky aud Tennessee have ior wears
wiuhsd IN exireme distress, in consequence OF the
want oil specie, y which they have been a, wen TO
variety of miserable rxpedenis to rescue the debtors
who compose a considerable portion of the popula.
ton, from impending ruin These exaedients ME-
mace The union ultimately with serious conss
Those states, nevertheless, abound with liz. most
valuable oil the fruits of the earth, which NJ the
most reduced rates. That is TO say, the precious
metals greatly 90 increased prices. Here,
hen, has long heen far scope for The operation OF
Judge Coopet's niaxm-and here, AS in every other
case in which il is tried, it is found lroniing -
me nations tehich possess those rpettiS in greater
/ plenty, are so far from being gitd 10 bun their
home products at the 'fineed prices as Judge
Cooper states, that some al the most valuable they
viii NOT huy AT any price whatever. GO The sunni
" and demand, do NOT, as we so very confident
" assured by the Judge, equuiise Msnseires" He
thus overlOoks strong fact, WHICH Stared him in the
iice, ana ough, TO have flashed conviction on his
mind, as Ia the unenabe nature of his favprie the
ln,y- va snec'c flows IN there TO relieve the public
distress. The evil Is "a great Il MAS five years
s,ncc--hn,i, wihou, radical change in our policy
there is scarcely hope OF an amenration. Where
as, had those states The power of prohibiting the con
sumption oil hreign goods for two wears, 4 re-
generation worid take placc-prnsperty would once
more visit The land--specie would Gow in upon
them--lndustIy would reviye--and tender laws, aud
AL their demoralzing train OF evils would dsap-
pear
BY forcing capitol into manufacture tra, did moi,
previously flourish, without legislative aid you di
nl'nish the capital of the country without even a
chance al increasing iis industry Thus, there has
! Il" been n great oncry i,rely in England from the
mischief prouco by restrictive duties ON The lun,
Der and iron of Sweden and Russia. The hon
manufacturers in England and the lumber mer-
Grants oil Cnnaia, sad, LIT us supply you are
! " ynnr own people. They succeeded the conse-
G:ence was, that oil The manufactures usually sen,
" tq Sweien and Russia buy IRON and lum.
her, were stepped; and the home made Of The
" country paraze, 10 The whole amount of the for.
" mer eNporta.ion." +. II
Here are posiulaa laid down, AMI examples cited
| ny way oil illustration, of which the former are
wholly inadmssibn, aud the iauer without founda-
ton.
/ Let us examine them in order. Forcing Can't
tai, is one of those cabsnic terms, which, with
our any substantial meaning, have u powerful effect
on weak nerves. Let test IL ly the talsn,au nj
/ reason and common sense
| We impori immense quantities Of Leshor, hat,
and merino shawls which drain our country of n,
! specie and we have thousands of men, women ant
children, who If properly encouraged, could manu-.
iac'ure these articles of equal quality and AT lower
rates. II a dniy were laid on them OF 10 per cent.
which would abrdge heir introduction here, Ii
{w""Iu afford empnyment To persons who would o.
hcrwisc he Idle and induce CAPITALISTS TO enter ON
The business. This is what, in the mystical language
OF the disciples OF Adam Smyih, is called - forcine
| c'pdtaL earnestly request The reader To give
mus subject calm and sober consideration suited 10
MS mpoTiamcsand 10 ask himself ia the first place
whether u IS 10, abuse of 10 STYLE this nea
sure forcing capial ?"-and also, whether ins,e nd
Oh " dsH!niShtDg capitai, as 1t is enormously term
ca, 1t Is not most advantageous of produc-
| i've capital, greatly tending TO advance national
tprospeTiN
| Now 10 the Judges assumption OF examples
Here lie has been still unfortunate Than in his
| theory. Ibe expor's from Great Britain TO Russia
we'e 0n the Increase till the operation Of her new
iarN, which has no possible connection with tho
QUERY al the iron manufacturers in England" AM
" the lumber merchants Of Cauada." The expor,,
~ 1920, were only 9 200 ,0o0--whereas they ,os,
| ia 1921 to II 100000 have no ducumen, ON IN,
suffice. for 1922 or 1928
HAMILTON
Philadelphia, jan 4, 1924.
Hollis Administration ofthe Affairs Of Great Britain n
o3 Sent TO Mr. Clay for the inspection OF the govern