Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-01-31
COMMERCIAL HOUSES ARE sHAX,

COMMERCIAL HOUSES AXE S9AN-
EN-. The public prosperity would soon ir,i.
the wound Inflicted "u private fortunes. il
new regulations did no, promptly chAnse ia,
actual state of affairs.
{" Eren,S haze prcred MGt orr AGRICUL-
TURF: and orr COMMERCE, IS tc,h as our
MANUFACTURING INDUSTRY, are not
only purdi;>.d. Lut bROu.i iir TO THE
BRINK OF RUIN"
This circular, signed by Count Nps4clrodr
was dated the Esd of March, l822. Tar tariff.
which accompanied il, cnntaius prohibitions
of above 800 articles,f Of which some are ge-
nera, Including various species.
To this strong and decisive fact, from which
there can he no appeal, what reply will Judge
Cooper, OR the North American Review, ar
MIR. Cainbreeng make? Their theury had
Fair trial in Russia. IL produced IA copous
harvest OF ruin there, as IL has uniformly done
every where else. And this single fact ought
To settle the question in the mind of every man
who is not Under the government of in, eter-
ate prejudice.
But the repentance" of Europe. which
makes such grand display in Judge Choppers
pamphlet, and which is to adnonish cur states
men, is not confined To Russia. Holland al
f"rds another pregnant example. In 1916, she
enacted new tariff, which reduced the du-
ties very low, and abrogated all prohibitions.
The Country was immediately inundated with
foreign manutactures-the specie was export
ed To- pay for them domestic manufactures
were ruined--circulatiun was arrcsted-com-
merce agriculture was palsied-the
capacity oi the people 10 pay taxes was SD far
reduced that the revenue failed To the amount
OF about S4,000,000 In 1920 aud 1891.
Of the disastrous result of this tariff, | an
mex sketch from a celebrated work, entitled
q" Ia. a t,,i
ant le noureau systeme fnancIer du royaune
de Pays has. A Bruxclies, 27 JUN, 1871"
" Our people are in the most unfortunate sit
uation for want of work ; as il appears, from
authentic documents, submitted IL the States
General, that One-ninM part of he most indus
tious mutton an he ,codd, passionnteiy deroied
to labor, is reduced 10 The atrct stute Of mendi-
ey, or To solicit aid TO support their existence
that still more numerous part, the middle
nad working class, is circumscribed TO the
| consumption nf mere necessaries and that
MANUFACTURES and COMM ERCE, be
ing In langnishmg condition, the profits of
persons who follow thnse two branches of in
dnstry, are insignificant
Alt is the tariff Of 1915, which has opened
the door 10 the productions of foreign indus
Try. From that period there has been a con-
slant deficiency in our finances because the
working classes, deprived of wages, have heen
obliged TO diminish their consumption of the
articles subject To the excise and mpost--and
because the manufacturers, the merchants, and
the traders, deprived of the profit which they
derived from the disbursement of most part
of those wages, have likewise been obliged to
diminish their consumption.
1t IS since 1916, that the ninth part of the
nation is reduced either To- mendiciiy, or TO
require assistance flor support
Ii Is since 1916, that manufactures and
commerce have declined with giant strides.
" It's since 1916, that the metallic medium
of the nation has been lavshed TO pay tribute
10 foreign industry.
" This disappearance of the specie is most
perniciousIy felt by the reduction of the price
at houses, which, except in Brussels and the
Hague, have fallen, since that period, more
than one third; aa irrrfragable proof of the
impoyerishment of the nation for, if our re-
sources were the same as formerly, houses
would still command the same price
Since the tariff of 1916 has permitted the
entry of Scotch stockings and thules under
light duties-and since the English thules
have almost annihilated our flourishing fabrics
| of lace, there is good reason To believe, that
! those poor women engaged in the manufac
ture of lacr] earn al present but four sous
per day"
Here we have another fair experiment of
the plausible theory which Judge Cooper so
strrnuouly advocates, with its calamitous
consequences. 1t holds out TO the u States
" a solemn ioarning" against the destinations
of letting "trade regulate itself'-and expos
ing National industry TO destruction from TO-
reign riva!sh".
Thus we iind the repeniant examples" of
Europe, invoked to his aid by Judge Cooper.
Tec"illng on him, and rwheming his sys-
tenn beyond the power of revival.
HAMILTON.
Philadelphia, Jan. 1, 1924.
This tariff send 20 Washington 10 Mr. CLAW for