Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1824-03-02

of regulations controlling the competition of for
"cign with domestic fabrics was an increase of
price 1t is universally true that the contrary is lie
"ntnt,te ciM ecery successful nans dctttre When
" domestic manufacture, has attained to perfecti-
on, and has engaged in the prosecution of it COM
petent number OF persons, IL iaudriabiy become,
- neaper. The Internal competition which takes
place, soon does away every thing like monopoly,
and by degrees reduces The price of Me article 10
ne mtnsn.unt u reasonable proft on. tie capital
" Employed"
In proof this incontrovertible position reference
heeo oy De made to the manufacture of coarse COT
fo"s. Ihey have been adequately protected and
are now obtained ut n cheaper rate and of better
4"dfuy, than the foreign fabric of the same descrp-
hoh. Let hut sufficient encouragement be afforded
TO other essential articles of consumption and the
same result will be obtained whilst the wealth which
Is now laViShed to sustain the manufa cturcs of Eu-
rope and India, viii DC employed at home to invi
gorate and cherish our own infant establishments
ana inpart new energy to every other branch of in
dustry. Let not our planters be dcluded into the
false belief that foreigners will onlyreceive ouI cot
ton and tobacco in exchange for their fabrics II is
one o the tricks of trade to gull the community with
this OFT repeated and oft rcfuted assertion
In opposition to some of the false maxims aud
delusive theories of Adam Smith, whose writings
have unquestonably thrown back this country half
NJ
troouce few extracts from a work of great merit
u not the less valuable because of american Mann
fdcfure, mean Raymond's Thoughts OH Political
Economy.
H "The question whether the importation of manu-
features should be prohibited, OF the Tariff raised
does not at all depend upon the fact that they can
be procured by the consumer cheaper in foreign
countries than i'm his own. Buying goods where
they may be had cheapest, may be the best policy
for individuals, while buying them where they come
dearest, may be the best policy for the nation
Doctor Smiths doctrine cannot be admitted till he
proves that individual interests never at vari-
ance with national, interests"
\ Legislator rs not to permit one half of the
nation to remain idle and hungry, I'm order that the
pther half may buy goods where they may be had
eheapest--He may not however, as Doct. Smith
supposcs the consequence of this doctr ne to be- d
rect private people i'll what manner they ought to
employ their capital."--He may not direct one
man to engage in this business and anotheI i'm that
Every is be left free to engage in what bust
ness ne pleases but he ought not to be ao,ced 10 a
ford patronage and support to the industry of for
etg'aers, ioaen has ocn feo,o cttisens arc IN tcant
10y II -" 1t may with as much pr pricty be con-
tended that one class of citizens should be permit
ted to smuggle good, because it is for their benefit
at that another should be permitted to import them
at law Tariff because it is for their benefit, when
opposed to the general interest of the nation"
Z" Ii viii cost a farmer more to clear piece of
Land, and raise crop of corn, than it would to
buy the corn therefore says Doct. Smith better
to buy the corn than to clear the Land and raise it,
Had our enterprisng countrymen reasoned in
this way, our Western States would still have been
the haunts of" savage beasts and still more savage
men,"
" The doctrine therefore of not making for YOUR
self what you can buy cheaper than you can make,
IN the unqualihed manner in which Doct. Smith
lays 1t down, Is most absurd and improvident
doctrine and leads to utter ruin in private life
and much more 10 national ruin-It is miserable
short sighted beggarly policy calculated to prevent
all improvement i'll the capacity of either individuals
or nations for acquiring the neccssaries and com
forts of life"
1t mas been favorite argument with the onpo-
nens OF the Tariff, that Foreign Nations after the
experience OF ages We're becoming tired restic-
ton. more unfounded assumption I had like tc
have said, more pcrnicious falsehood never was at
tempted to be palined upon the American people
Without descending at this time to particulars as
ser in defiance of contradiction that the Europear
Nations who have ever relaxed in the system of en-.
couraging and protecting their own manufacture.
nave uniformly been brought to the very verge OF
bankruptcy and ruin, and that in proportion as thew
adopted the contrary course their wealth and pros
perIty have revived. England, France, Russia Por-
tugal and Spain are living and instructive examples
of the truth of this proposition 1t will hardly be
pretenaed,' says Raymond, that the Pitts, the
Foxes, the Pelhams, the Pulteneys, and the Wal
poles of England were not great practical States
men as Adam Smith but those men who lived and
reigned before Doctor Smith wrote, never adopted
the system he recommends aud those lo,o hare lip-
ed and reigned since, hare ,ohoiy rejected it,! 1t
might answer very good purpose for them to cry
up his SYSTEM that other nations might be gulled by
1t, but they di not choose to be gued by it them
selves"
had intended to have dwelt much more fiIllv nm
on this subject, but my main object has been TO in
vte the public mind, to calm and deliberate rsfec
ton rather than to he swayed by violent sectional
prcJudiccs, and by the imaginary evils whch,mer-
camille clamor has conjured up. am Virginian
by birth by attachment. by interest, and by eyery
tie which can bind man to his native soil. have
no earthly connection with manufacturing establish
ments, and have but little acquaintance with that
class OF people. If have any paraities, they be-
long to the cultivators of the soil. have consider
ed the subject american, DESTROYS of the ham
piness and prosperity of the whole union 1t is NV
sincere and conscientious belief that the
ment and distress which have pervadsd this country
for many years past, are almost solely attributable
to the want of proper encouragement to National
fndushy and that the only possible mode of resor-
ing active employment, reviving commerce, invigo-
rating the energies and producing the happiness of
the nation, is .dicious revision and increase Of
The Tariff.
FRANKLIN.
VIRGINIA LEGISLATURE.
HOUSE OF DELEGATES, February 26.
On MIR. Loyalps motion, the bill to extend the
charter of the Farmers Bank, with the amend
Dne'lt OF the Senate, were taken I'D.
AIr ctia -roI .Ix.Ez