Literary cadet and Rhode-Island statesman. [volume] (Providence, R.I.) 1827-1829, 1828-03-19
IgtslaG = b" 3 ,JAD BE
AIR. MALLARY's sPEECH.

she Tariff Bill, bu our i,n,hs viii a'i permit \
at prcscnt We ex'rac, the following remarks
on woallep Manufacturers:
Ishall now, sir, says Mr.. Malary. ask your
attention to tho woollen manufacture. II
seemed TO me that on this point wc could nave
beeu satisfied, without resort TO tho examination
of witnesses. That examination has put the
question 10 rest, az to their embarrassed con-
di,;on. could any doubt have existed. sha
refer to the evidence in mass. believe Tint
evory ono who will examine ii, must inevitably
como TO tho conclusion that the condition IS
even worso than public iepresentatio ion over
made il. III reco'lect, il was said tho other
day. by M honorable gontlemnn rom New
York, (Mr. Cambreleng) that no was acqua'nt-
ed with woolcn establishments which had d.
vided, during tho past year, from ten 10 twenty
five per cent. on tho capital.
LAIR. Canbreleng, in explanation, said tho re-
pofteis had made him say something Of that
kind. What he did say was, that on ba'anc.
inn the books for the sx months ending Aprll
l.Is25, and for tho next six months, ending
October l, there was found TO DC IN the 'a'tor
a difference Of ten per cent. m favor OF inc es-
tabshment II was proper to say that tho
concern TO which he had referred turns out to
llc such an one as no man should, and no nom
oiable man would, have an interest IN.
L
we should have had the benefit Of II before the
Commhtes-I am confident we should. But
tho honorable gentleman was mistaken
think am not stranger to the source OF his
information. As understood il, the company
TO which he refers, in making up .hoir accounts,
found they had, in their operations. lost only ~
teen per cent ~hen they supposed they had los'
t,rsafu Gye. So far, they may be said to have
gained ten per cent. Even 'his was agdm that
but few could boast of. Let gcctlemon examine
as many Witnesses az they please, pry mo the
concerns of tho manufacturers as deep ds 'hoy
please, they will find nothing but an empty,
nprofitabIe, rninious business. But one alone,
for tho last year, unless by aid Of a government
contfac, hos said that he made tar'hng OF
profit Mr.. Mar'and, engaged in the hnnnei
business, thought he might make saving Bat
he explains the cause. As an experiment. IN
1926, he with his friend. suddenly put into the
New York market about 400 bales OF hannels,
sold them in day at auction. The ehect oil
tho immense sale was 20 check impora'ions'
In 1927 the domestic marke. was better. and nc
had a Temporary advantage. He tells us also
that ho shall diminish his operations Tor Inc
coming year. Hs dare not hazard the foreign
compet;ion under existing circumstances.
Nov, sic, will briefly state some OF the
causes Of the fatal cmbarassncnts when sur
round tho woollcn manufacturer. One 10 The
low price Of wool in Europe. This is probably
the most important. Should tho American Tar
mcr supply the material as cheap as the Span
lard and German. far less protection would be
required FOR the fabric. Sales at auction IS
another; credit for duties IS another. This
gives TO the fofeig igner the use of an amount OF
revenue for eight, ten and twelve months, equal
10 the duties charged OF his merchandise. II
becomes q capital, without interest, and gives
him continual aid in all his operations. Our
revenue system is defective also. in the mode OF
imposing dutos on woolens. II is ovaded. 1t
invites evasion, by the facility with which it can
bs DONE No better evidence is wanted than
that which has been given BY tho appraisers m
tho city Of Now York. Ina report made last
session by the Secretary Of the Treasury, VIC
have the rule by which they governed in FIX
inn the vniuo on which duties aro paid. They
say s'tha. imposi,ions 10 a limited extent, not
sufficiently gross to be met by tho provisions
or penalties Of tho law, may DO occasionally
pract,sed on this and other custom houses IN
the United States, &c. But that my consider
ablo amount ofimpor;ations has passed this Gus
tom house, below possible pricss, tho examin-
atoms under our superinte 1dance, authorize US
confidently and unequivocay to deny Pos
xible p,ices-possibie prices! THIS proves me
character Of !ho law, that now 1t Ia pretended
giVes protection 10 the manufactures oil thc
.count-y. Possible prices
What is tho possible price ofa piece Of broad
cloth? This expression itscl' proves that there
is no standard Of valuation The foreign manu-
facnrer can put his own price to his fabrics, and
will do so to avoid tho payment ofdntles. Ills ~
.,crests require it. He is justified by .he eS-
Founders OF the laws themselves. They NAV
3be right The original fault ia in the system.
1T requires correc' ion Another grenf cause of
tho depression OF tho domestic manufacturers,
.is tho irreaularity of tho market The affects
,bave been fully explained by the witnesses.
They prove it 10 be one OF the great causes ol
e;heir past and prcson, embarrassment
Is this important branch Of national ministry
.svorth the aid Of government? Shall u be sus-
.taincd; or shall il be left 10 perish! trust
not. What isfhc remedy? What is required
to rsscue it Iom impending destruction! Pro-
tcction, si-; protoction-Ioal, efficient pro'oc-
.tion. hdop a measure that will at once g'ge
,confideacc At tho termination Of che late war.
thousands were ruined Tho tariff OF 1916 re-
.viyed hopes but only for disappointment. Tue
tariff Of 1924 was dousise. Under its infl'l-
.enee the manufacturer has struggled on in ex-
pectssion that he would bn eventually sustained.
lie had bot;eu yield at onco, ;aan place reliance
on n doubt fol ,easure. While tho manuiac cur-
er hcsita.es, tho farmer is loii in suspense Ho
Knows no, who.h her no should giyo mp his Hooks
TO tho butcher, or neoi the expense OF sustain
ing them. BY adopting decided course, oyesY
sninjle is pui in motion. The raw mo'era wa
instantly find a market. The supply ofthe fabrc
win be in shot time, adequate TO any de-
ynand.