Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1827-09-11

of prices, and of the vast difference of the sdvan
'a.es OF "ur witn Europeans IA
tio"s, when they are in q ate OF war; and our
commerce with them, when IN a state OF peace; *
finally comes to the profound conclusion, il sub
stance, that our European market in time of peace,
10 not a. good, a. II is in time OF war. A position
which, sIppo e, man OF common seaSe ever
doubted, without de living his Information Om fan
tasiicsista e'nents ioun led de,d-ive statistics
VIII here briefly notice few remarks, inr du-
cei by our orator. without designating his object.
because, whilst they Will fui nsh example, OF
III. many .quivocs,ioDs they leave us IN some
doubt, as TO his notions of the b,nKng system
necessary desllerstum in hi political economy
Extract, Page 8.
- Let US surrp Sc, MIR. Chairman that Europe
was again the theatre OF such general wan as re-
ceniiy ragged t;rnughout oil her dominicns--such
state of the existed in her greatest exer
Tons y 10 our greatest property: instantly there
would arise greedy demand tor the surplus pro-
duce OF sur industry, for our commerce., for our
navigation The lsnguor which psevail- in
our cities aud In ou' se.-por :, would give way TO
an animated ACTIVITY. Cur roads and rivers would
be crowded with the produce OF the interior. l.
very where we should witness excited Industry
The precious metals woull r flow irof abroad
upon B1akS which hare maintained their
rfedif. coufd revive their business; anil ne,o
oaHSs tooutd be established, 10 take the place
IF those tchich haze sunk beneath the gen
pose fhdt they hare produce orr present al
r"'ny they may hap stnesohat aggrapa
TED but thy Tia Effect and tie ept
ae 'ce Of ar prosperity Row, permit ne TO
ask you. Mr. spe,ke', or he splendid orstois
mos partial hiend whether he really does CON
slider banking lie necessary desrlersta
N has political no"y? He seems to think,
ou mos equi. ocaliy express he opinion, that
ne" bank ought TO be established u take PLACE oil
nose winch have sunk under The general pressure.
lhls ouli seem TO place the orator amongst the
supp riers OF the Ken lucky RELIEF schemes even
ai'ef hey had urned The morals OF Kentucky top
sey turvey. Although it is admitted that Lis
meaning Is TOO vaguely and decePiivey expressed,
70 Justly auy certain CONCLUSION pecting il.
Bat lei that admitted under these laborou. de-
monstr stions, which | beiieve was never denied,
that our European peace market il not as good as
our r ropesn war marke', viii tina, admission al
lord an argument IN favour of laying high Ia
riH on European goods?' MT. Clay says yes
Common sense says no VIII no; Increasing ihe
taIiH lake the bad Eropesn market .ofse!
Would not common sehs- say, that it uli be
true policy TO make ii better, if il we're policy to
'amper VIII at all? But all jus infer ence- seem
10 DE lave ted by the enchanted sonorons orator.
Because the Europear peace markei Is bad, there
fore The -agacious orator would mske IT worse.
Ihis he W 'ud do by le-senng ITS capacity TO lur-
chase; therefore mmoD sense would lay II ought
10 be made better by enlirgng rs capacity 10 pur-
SH"9S- bu cH, al iHese ar luCidI cOHirINalces
tend to 'nvert all just inference. The chining
orator ~ uld double sly he had acbiev ed
"oIje'lui manCeuvTe for lettering the condition
OF The people, 10y placing the nation IN the atjii
ciai attitude OF g heals over head" instead OF
permitting 1t 10 retain the natural OF head
over heels he doubtlessly thinks The nation
would b. placed in mach better CONDITION in ITS
artificial than natural attitude; to exert its la
cuiue~ in the application of IT. labour, icI IN.
srea-Ing the i.atIonal veal h AMI prosperity, by
ar'iiic'ay placing manufactures the head anI
agriculture at the heel OF al occupations ~
ciety, instead OF leaving agriculture in its natural
position, head over heels" Without luIt.-er al
tentIen 20 the collateral, incidental points contain
ed IN the tf-i "ine pages, viii proceed once
10 he examination OF tn principal errors which,
most unfortunately, led 10 tn sdop ion of his
most fatal measure snnto the s,Ill more fatal doe
'rInes upon which i j. founded.
ErtrGc'-P Page 10
Bat Britain Is herself the most striking illus
ration OF the immense power OF chinefy. Up
on what other prnciile you account 10. the
enormous eslth which she has accumulated, and
which the snnuaiy pfoduce-? y statistical writer
at that country, several years ago, e-timated the
iota! amount OF the artificial or machine lsbour OF
the nation, to be eqaal 10 that OF one hundIe.
millions of able bodied labourers Subsequent Is.
,imaies OF her artificial labour at the present day
carry 1t to the enormous beght>of wo hundred
millions. But the population of the three king.
doms Is twenty ne million FIVE humid ed thousand
SspposnS that, to furnish sbie-bOed labour to The
ai"VuOi OF Tour millions, the natural labour VIII
be but two per cent Of the artificial labolr IL
the production OF wealth he operates. therefore
By power (incudng The whole Io3uiaii0n) OF
two hundred snd tw enty millions ge hundred
thousand; or, in order words, By power eleven
times greater ihsu The total OF her natural power
IL we suppose The machine lsbour of the UaneG
States to I've equal 20 that OF ten mil ons OF able
bodied men, the Unled States will operate, in
the creation OF wealth, by power (includng all
;hsr g. rulauon) OF twenty millions In the
Greats IN oi wesib, therefore, he power ! Great
Britain, compared - that OF tie Unued States l.
as eleven to one. That thee views are not ina
ginary, viii be. think, evinced, by contrasting
the wealth, the revenue, the power Of The two
countries Upon whit ofho hypothesis can we
explain those almost ines edible exefiions which,
Bdiai" made during the late wars OF Il roper
10 k at her Immense sub.idie-i Behold bef
standing, unar ed end alone, nd bfessirng the
storm of Napoeon's colossa, power, when All
continental Europe owned aud yielded to ire
sis'ibie sway; aud iinslly cOnte psfe her veorou-
prosecution OF tie war, so anil wrhoul allies
10 It. splendid termination on the ever uutno able
field Of Waterloo
hgain-Ptestt
Z" II we look At the com os,cs nj Fori,n1 ,ye
shall perceive that it, pro-perou. condition no
lees denotes the immensity OF her riches. The
average OF three year. exports ending In 1889
was between 9 and ID .aillioos TIC average
Tor the same term en'lng in 1872. was 40 mil
Hons sterling The average Of tho imports Tor lrce
wars, ending Ia l16O, va .ev-n'ren millions
The average for tn same term sndios IN 1922 ,va.
thirty xix millions showing favorable 81 me Of
four riilions. fhus in refiod n H. l,ngev tb,,
that winch hss elapsed since he s-,.tl, -. 81