Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-04-30

toH SION Iur. Slah remain open anu uuTcStriCt-
ed in the cousumi ton of British manufactures !;
and, on the part of the British manufacturer
that, i'll consideration thereof, he will con iiuue
to purchase the cotton Of the South. Thus,
then. we perceive that the proposed measure,
Instead Of sacrificing the South TO the other
paris ofthe Union, seeks only In preserve them
from being absolutely sacrificed under the
operation uf The iacit compact which have
described. Surprising the South 10 be actual
| ~ incompetent, " .,i-i"c.,"-tt TO erl:;;ik III
al Ia the business of manufacturing, is not its
interest, nevertheless, likely 20 be promoted
by creating new aud an Ame rican source OF
supply for its consumption ? Now foreign
powers, and Great Britain principally, have the
monopoly OF the supply Of southern consump-
ton. Ii this hill should pass, an American
competitor in The supply of the south would
be raised up, and ultimately | cannot doubt
that 1t will be supplied cheaper and better. |
nave before had occasion To state, and will
now again mention, the beneficial effects of
American competition with Europe in fur
| nishlnSa supply ni the article OF cotton bag
ling. After the late war, the influx of the
| Scottish manufactures Frustrated the AmeIi-
| can establishments. The consequence was
that the Scotch possessed the monopoly of
the supply I; and the price of it rose. and at
tanned. The year before the last, a height which
years protection to the American manulac-
lure. This circumstance tempted American
industry again Ia cnSage in the business, and
several valuable manufactures have been es-
tahished ia Kentucky. They have reduced
The prrc Of the fabric very considerably but
| without the protection of government they
may be again prosirated and then the Scot
tish manufacturer engrossing the supply ofour
consumption, the price will probably again
rise. Ii has been tauntinS'y asked it Keutuc-
Ky cannot maintain herself in competition
with the two Scottish towns of inverness and
Dundee. But is that fair statement Of the
case Those two towns are cherished
and sustained by the whole protecting policy
of the British empire, whilst Kentucky cannot.
ana the general government will not, extend
a like protection TO the few Kentucky villages
IN which the article is made.
| II the co;tOn-grOwing consumption could he.
consIi,"tioraily exempted from the operation
olthis bill, it might be fair To exempt il upon
the condition that foreign manufactures, the
! proceeds of the sale of cotton abroad, should
! not enter AT all into the consumption of the
other parts of the Uuited States. But snch
an arransen:' nj az that, if it could he mad,
would probably he objected To by the cotton
growing country itself.
! :. The second objection TO the proposed
hil! is, that it will diminish the amount of our
exports. II can have no effect upon our eX-
| parts, except those which are sent tn Europe
! Except tobacco and rice we send there moth
ing hat the raw materials. The argument is,
| that Europe will not buy of u.s. il we do not
buy OF her. The first objection To it is, that
1t calls upon us To look to the question, and TO
take care of European ability in Iegslains for
American interests Now, if in legisaing for
their interests, they would consider and pro-
wde for our ability, the principle ofreciprucity
| would enlon us 80 To regulate our intercourse
viii th"m, as 10 leave their ability unimpair-
! I'll. tut have shown that, in the adoption Of
tiirr own policy, their inquiry is strictly Inn
Itrd To a consideration of their peculiar inter
esis, without any regard to that of ours. The
! pcXt remark would make is, that the bill on
~ uperaies upOn certain articles of European
| industry, which IT is supposed our interest re-
| cures us 10 manufacture within ourselves
and although It's effect will be To diminish The
| amount OF 'our imports OF those articles, it
leaves them free To supply us with any other
produce OF their industry. Aud since the cir
Gle OF human comforts, rriinements, and luxu-
RES, ~ OF great extent, Europe will still find
herself able 10 purchase from us what she has
! hitherto done, and to discharge the debt in
some of those objects Ifthere be- any dminu
ton IN our exports 10 Europe. il will proba-
by be- IN the article of cotton to Great Britain.
have slated that Britain buys cotton wool tn
the amount of about five millions sterling, and
sells to lorciSn states 10 the amount of upwards
| OF twenty-onr millions and half OF this
| sum, we take little upwards of a million and
half. The residue of about twenty millions,
she must sell to other foreign powers than the
Cmtrd STATES. Now their market will coz
t'nue open 10 her, as much after the passage
oi tins bill as before. She will therefore re-
qnlrr from us the raw material TO supply their
consumption. But, il is said, she may refuse
In purchase II OF u.s. and seek a supply else
where. There can be but Iittle doubt that she
now resorts tn us, because we can supply her
choaper aud better than any other country
AND It would be unreasonable TO suppose that
she would cease, from any pique towards us,
10 pursue her own interest. Suppose she was
t" decline purchasing from us The conse-
qneDce would be-, thai she would lose the mar
htt for the twenty millions sterling, which she
now sells other foreign powers or enter il I'M
der disadvantagsOus competition with us
| or with other nations, who should obtain their
surpNrs ut The raw material from us. Iftherp
should be any dlminnion, therefore, in the
expectation nf cotton, il would only be in the
proportion OF about one and half to tu enty.
mat u, little upwards Of five per cent the
toss Of a market cpr which abroad, would be-
fully compensated by the market for the ari-
Gle created at home. Lastly, would observe
lhai The new application of or industry, pro-
'hnclng new objects Of expectation, and they
possessing much greater value than in the raw
state. We should be 10 the end amply indem-
n'hed' by their expnrtltIpu., Already the item
in our foreign exports Of manufactures is con-
siderable and we know that our cotton fab
RIGS have been recently exported in large
amount To South America, where they main