Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-04-16
$4,000 600

On Ill commodities or products
r"l comprised in the proceed
Ing $4,000 600
6 $40 00O.000
The hest way To ascertain the relative
mount, is the interest uf money that is. the
price paid for the use OF money, and the price
OF that, ike every luther commodity, depends
ON the proportion between the effective de-
mnnd aad supply. Government in England
cln cu'nmand money at four per cent. we AT
five; this thrn shews The difference in the rel
alive demand. ] have not mentioned machine
ry, brcauae he who has capital can command
il. These are the /comparatise advantages
and disadvantages of the two countries, in
manufacturing facilities butuur Manufacture
er of cotton and WOOL frr example. besides the
minimum on coarse cutt0ns, has twenty five
Per cent. duty estimated upon the original cost,
with the addition Of ten per cent to that cost,
thus making me duty tweniy-sevcn and halt
per cent thyn the amount of freight. Mr..
Hamilton, thirty years ago, estimated il AT
from hi"rh L. thirty per cent. as, however,
freight his fallen. will state il at ten per cent
althuugk ppnn articles whose bulk is large
compayrd with their value, il may more than
6nublY II; thea there are incidental charges
OF c1hlni-snn, insurance, &c. making the ag-
grPgde at advantage ~ our manufactures
from 10 % IS per cent it, with these extra
advantages. added to our natural ones he eau
Dit snstsn the cn;npetgiOn, | must tell him
fiat cannot 90 further, cannot agree IN give
morr for yard of cloth than IS per cent adj
vance hry0nd what The foreigner makrs
IT Tor Upon what ground does he ask il /?
Has he skill, capital. and machinery, he does
no; need 1t. Has he capital he durs M,
nredit for capital will command the others !:
II he have not capital, we cannot advance il Ia
him
Sir, 1t has been often urged, that all the
other branches of industry in The country have
been protected that commerce, nal isation
and agriculture, have all received aid from 20
vernmcnt, and that Justice therefore Requires
that manufactures should also receive their
proporinnaie share. Let us for moment
investigate this subject | think sir, it viii re-
suit IN the proof, that manufactures have re.
ctirrd more aid frn;n that source than the
thr"e other great interests united. | have
mad an estimate upon this subject the prin
ciples If Which, | will first explain before |
Pr'r0pt ii. The whole nrtt reycnue for the
year 1922, was s 90, 100000; of this sum, ihp
dnles on wines, nnasses, teas and coffee
and certain miscellaneous articles, not Coming
into competition with any interest, and moi
be"riiting any. | nave deducted, leaving a ba-
lance of S 10 900.946 have then taken
what seemed To bencff agriculture, viz duties
on spirits, on sugar, drdGcting drawback on
miscellaneous articles; 10 this have added
hall The amount If discriminating duty on all
our tonnage eng 'grd in foreign vessels, and
hi!i he estimated profit Of all our coastinr
trade estimating il at six per cent. upon the
whole cost of the tonnage; ! have added the
ezra duty 90 merchandise IN foreign vessels.
and the fishing bOuntles, & the aggregate being
s 61e6,6O4, being deducted from tie amount
nj # n 2 IA -.yt =, e.,
OF duties, operating ia aid of our manufactures.
Gr ,irmen themselves have said il is no mat
ter flr what purpose the duties were laid The
question -, what Is their practical effect |
have MT iocluded in this estimate thu duty on
cotton because u susiains the competition in
tue i"rcgr market, and, therefore, derives no
aid from duty. Rot the committee will per
ceNe that me amount of duties favorable To
manufactures, upon this estimate, exceed.
the aggrcga;r oftFOss favorable TO all the 9th
er Interests, by . 1861, sos. sum more than
three iourthS Of what va d be the whole
amount II duty upon al the cotton exported
from b" United States, surprising il TO be
100000 bales, and surprising that an equal
amount. bat for the duty, would be- imported.
u snPpos't0n utterly out Of the question: The
mnch talked Of benefit to the tobacco planter
by the duty on snuff aud tobacco rests on the
81 ne ground with cotton; II sustains the for
elgn c1mpptiiiOn but letus suppose that some
worthy ofpntcc might he imported, then The
excess which have before stated, will fully
meet e'ery possible calculation AS 10 cotton.
tobacco aod snuff. aud thus the nannfactnr
lng nter"si receives as much protection as Ill
the others. ! have formed the estimate as In
oar '"nn9ge duty and coasting trade, upon the
pos ibllliy. that without the aid which fhey re-
crNrd, Foreigners might have come in for one
hall; u viii at once occur to the cOmmittre
th' - much too lsTge superstition in our
Own trade, and particularly our cnasting trade.
The 'd'antages which our citizens would have
together With that hardy spirit Of eniprprize
winch braves every danger, traversts every
s'h' and encounters every difficulty, would
have enabled them always ia have rn0nopoliz-
ed inr"r f"nrths Of This advantage without the
ard ~ Government
81, there Is one fact on this subject. which
, decisive Of onr superiority in the compcG-
to. The discriminating duty IN favor of A.
mrfican vessels IS nuw abolished bv treaties
with England and France, and other foreign
nations with which we have most commerce
and yet the document from the Treasury
shews Us that of 80 f759ions offonnage which
entered our ports during the fast year, III, a7I