Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1828-08-05

oi haai ome quality IT ccnts the ward which az 25
percent iu'y AM 10 per cent. pre- niuu of exchange
could he Afforded here with prof, to the importer
Tor III cent, whicy cannot b. cdualed hv.ihc ms,
ricah a. 10 cents, and to- many purposes it is pre-
ierted even to such sells at IL or % cents.--rhe
anne l. the Gaze with low priced printed goods
ihey continue to be imported with advantage
though the duty on the running ward and qua
te which cost 10 cents is I-2 cents blythe act for
1924 and by III last law raised to ga, so thar
Caiicoes ''inghams, Muslns, sc. and all oh.,
low prlo' cotton goods absolutely cost the cons,.
mer Tor every 'weny cts. laid out in sur,, goods .,
least io,ir cents more than would be required sup
posing the duty to he 20 or % per cent. on iii
cost IN place of the specific square yard mode of
estimate
How we can expect to sell our manufactured co.
ION goods 10 any advantage in the South american
nldI6eis, l am unable TO saw when all those en-
gagged in manufacturing acknowledge that these
excessive rates, ranging from 81 2 TO 100 per
cent on The British goods, do not keep them ou OF
me country and TO sell, YOU must meet these Bri
tish goods in foreign markets, on equally low
termst
The duty on other kind of goods has been much
augmented ut various times. The farmer little
thinks when purchasing the scythc 10 Gu, his
wheat or NOV his grass, that when the price SO s
quarter blade, that the quarter is paid By him TO
the government. and that however serious fax il
IS Yet the last Congress, not being satisfied posi-
lively increased the duty, 50 that on the average
each blade will hereafter pay g cents duty-at 10
Wouiu IL LIZ cents, the difference,
o. II l cents is the price which the consumer
pay for thu benefit of the manufacturer This may
ne 'onsideted as entering very minutely into
| M subject, hut we 'io not regard being prolix
wien all are Interested and when il is 50 deSira
biz all should understand. That the peop,e OF the
United States are heavily taxed for what is call
a encouragement OF manufactures no man can
deny and that some lab9ur and capital will he di-
rrc''d 10 manufacture is equally true; but il by no
means follows that all the changes will be advan.
infln IL
ed on for the inli iluas of community are sure.
~ tn" best Judges, and very ready of themselves
10 take up such pursuits are most likely TO be at
trndant with gain.
Perhaps, may best succeed in making myself
unie -'oo' by an example AT present we an
nually import considerable quality OF oranges
lemons and now and then we get the delicious
"a" apple. As coal abounds in the vicinity. and il
Is thought we have supcrahundance of lahour,
| and certainly good deal of waste iand suitable
for building directly in the neighborhood of the
coal mines, II Is proposed TO these various interests
the collier labourer, land owner the farmers who
are TO ind the operatives and, indeed the manu-
iactur"r who Is to clothe The new consumers ,li-
rectiy TO meet draw up memorial, have it signed
by all interested, and petition the next Congress for
such duty on oranges, lemons, &c as will enable
Tue petitioners by the erection OF suitable hot
se@ ana other outlay of capital, very shortly to
supply the demand for those tropical production,
In The petition take TO pledge themselves
TO the public in few years, to afford those fine
fruits a. much lower prices than we. now impou
~ IN at without permitting dollar TO 20 out of the
country Tor Their purchase If the applicants
ceed IN getting the duty little increased all win
he safe Tor that step alone pledges the faith of the
nation, TO go as TAR as the article may require ac-
coring to the fashion Of the day. s'for encourage
inent means protection, and protection is such
duty as that the home production is 10 SELL whether
it be 80 or $50 per cent. il matters not" saws MIR
Lawrence, one of the champions of manufacturers
grant that this is an extreme case but the false
named American System leads to this. My read
ers can at once perceive thai the same Iabour and
capital employed in preparing lumber, raising live
stock, corn, and whatever The West Indian may
want, would, when exchanged for their fruits
give them 10 It's i'll much more abundance for their
greater cheapness, and al the tim. afford
good revenue. Nor does the import take any mo-
ney from u.s.
In my apprehension there is opinion so entire.
" founded in error, and that does so much mis-
chiei 10 commerce as the prevalent one, that i'm
porta'ions dram us oil money. From what is gen
erhlIy written ON this subject in our country one
would suppose we absolutely paid for all the good
we bought IN England with specie; so far however
Is this from being the case, that we last wear
snipped to that country Only two Hundred and fifty
thousand dollars more than we i'm ported from il
sum triiling in itself and not sufficient TO prov@
any thIng. when, through the over issue of Bank
Paperln TINS country, our currency becomes cou-
paratvely deprecatrd, and rise in price of ari
cieS' both oiiInpori and export takes place as con-
!y high, do not go forward in the Ivay of shipment
tqudily rapid with the arrival of Imports and the
dealers IN those articles, diCrcy turn their atten
ton TO specie, AMI ship that instead of cotton 10
hacco, and 9th produce, always sending IL TO fiat
country in which il sells hest for i'm this state of
things, Ii i'm urdiaielr loses it, former character
AM become an article oil purchase, sale and sprc.
H'a'ion, by weight, and does not circulate in tie
form OF coih La confirmation of this opinion il is
known to the practical Of business that specie
Is never exported so long the usual articles ofpx
poraiion continue low in the Original markets
compared with those TO which they are 10 20 for
consumption, which is the reverse OF what would
b" the case did specie 20 forever for The purpo,e
OF inyestmeniin goods IT. not generally known
IN this country, is believed, that silver is not lie
gaJ"nder IN England, and that Spanish or Ameri-
can silver coin does not circulate there The fix
ell value OF gold when compared with silver by our
Law is very different from England and her ctlrren
cy being gold, and ours silver, the difference is 8
per cent so that when exchange is re lily at par
person here would have TO give $i0S in silver for
SIDO IN gold there that being the ~ ference which
Is occasioned by oar law of Congress; and vet yye
are constantly told, because the exchange Is a.
ganst US in appearance, that the trade i ruinous
lad the currency of both countries been gold, the
1Echauge would have been, as near al par the
tor last i've years, as between Orleans and New
YORK, and more could not have been looked for
This expectation Of specie, therefore, according TO
my view OF fhe 'ubject, is stoned not by impor
taionshu exec .sve pip't issues, and must be left
to EJECT IFS own cure, which is always speedily
done; Tor The expectation OF money is felt rs an
vii only In Two or three years. and then lasts
only month or Two tits an iahareRt quality
OF paper currency, laws cann7 proves it, but gen.
orally greatly aggravate re- mischief like most
other things evil is mixed with good. and 10 So
cnF' The latter we must be willing TO submit to the
former.