Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1828-03-25


in question, Instead OF importing them. Another
branch Of domestic trade, larger in amount, and
moro extensive in the diffusion of its benefits than
the Just stated, viii inevitably fall sacrifice
10 the proposed system OF exclusion. The commit
Zee have reference TO the trade il live stock be-
tween the Western aud The cotton growing States,
winch they estimate, after the most careful exam;-
nation to amount 10 at least the annual sum of
:J000,000. This trade is exceedingly important 10
tue Western States, because they receive i'm cx-
change for their live stock almost nothing but mo-
ncy III is not too much 20 say, that in this single
branch oil internal trade, the cotton growing States
afford to the Western farmers more extensive &
profitable market for their agricultural productions
Than the manufacturers OF cotton and wool would |
furnish in the course of half century, evenift the
foreign importation of those manufactures were |
entirely prohibited. But the benefits OF this trade |
are not confined 20 the Western States. The mo- !
DeS received from the cotton States is principally
expended in the Middle and Eastern States, in
payment for manufacturers. There Is 10 branch,
therefore, Of commercial intercourse so difIu-
sve and profitable III proportion 60 lis nominal a.
mount, and the committee speak adysedfy in say
ing there is none that would be so certainly de- .
sirnyed-utterly ana irrcvGcably dcstroyed-if the
proposed tariff should receive the sanction Of Con-
gross The capdciiy of the cotton growing States
10 produce the live stock they import from the
y est, Is even greater than that for Producing the
agricultural articles they import from the North;
and the views Of economy which suggest the
expectancy oil producing the latter, instead OF i'm
porting them, still more iorcibly suggest the
policy III relation 10 the former. In few years.
iro: the passage OF the proposed tariff the trade in
question will have ceased almost entirely.
In closing this brief and imperfect view og tie
destroying -operAom of the proposed proiibitory
policy, dcDoniinaad, with singular inappropriate
ness ot language, protecting policy, the commit
Zee cannot bu; pause 20 make a remark, obviously
suggested by the occasion, that il is much easter
20 destroy than TO create wealth by Legislation. To
ehectihe former, even folly and ignorance are
more than competent But to accomplish the latter,
human wisdom, in its profoundest exercise, viii be
'lund inadequate. And when fnanciers, and states
men at the head of affairs, are found gathering up
anti appropriating the exploded errors of less en-
lishtened ages and recommending, as means of
Increasing the national wealth and revenue, poll
icy that will inevitably destroy the annual income,
directly and indirectly derived from single staple,
70 the extent OF more than thirteen millions eli dol
iaTs, IL Is difficult To- avoid cKclaiming, in the Ian
guagc Of u wise of another country, " with
iiow little wisdom the world is governed -
Having thus presented estimate Of the loss
thlwill be sustained in single agricultural staple
~ the proposed exclusion OF the foreiga manuiac-
lures now taken in exchange for il, the committee
propose 10 inquire how far this loss will be indem-
niiied by the demand which the establishment of
domestic manufactures will create for the staple in
Question That this domestic demand will be any
thing like an equivalent TO the foreign demand uiat
will be destroyed by the prohibitory policy, is
one of those extraordinary and delusiye anticipa-
lions which belong, in peculiar manner, TO the
artificial scheme Of enrichng the nation, by sub
shutting for the bounteS OF nature and the provi-
dencc of God, the miserable and impo,ent contrf-
T'ances of man.
in estimating the comparative extent, present s.
prospective, Of the existing foreign and the propos
cd domestic market, for cotton, it must occur
10 the most careless and incompetent examiner that
Great Britain, and the manufacturing nations OF the
continent, manufacture cotton to supply the null
tipying uses and increasing consumption of cotton
manufactures by the whole civilized world; where
"a our domestic manufactures can only supply the
CONSUMPTION of the United States. II is estimated
BY intelligent merchants in Liverpool and Hayrc
thatthe present consumption Of raw cotton in Eu-
rope amounts TO 100000 bales, which is equal TO
350,000,0 900 lbs 1t is notorious fact, that the
CONSUMPTION of cotton manufactures, from their
Extraordinary cheapncSs, when compared with
chose made of any other fibre, is rapidly extending
on the continent Of Europe, not only from the in.
crease OF population but also from the new uses 10
which cotton fabrics are applied.
This consumption is susceptible OF an indefinite
extension. 1t has practical limit but Mrt
qGlich is imposed By thc refuSGi 0he cotton, Tor-
aug counties to TecefOe manufactures ia exchange
5pr the material. The United States now
supply three-fourths OF the European demand for.
that material. On the other hand, the domestic
Inanuiariories, even after we shall have excluded
five millions Of fcreign cotton mani!fac-
lures wiilnot require more than two hundred thou
sand bales OF cotton at the utmost extent to supply
the domestic demand OF the U. $ for those nan,ifac-
lures. II thus appears that the cotton growers are
10 be consoled and Unidentified for the loss of mar
kets which now furnish demand for 900, 900 bales
trade on part would indefinitely extcnd-hy
the miserable substitute ola domestic demand for
200, 600 baes demand created by legislative re-
strictions. and, consequently, incapable of being
EXTENDED IN degree corresponding with the ma
tural and progressive increase OF the foreign de-
In'and.
This comparative view win be illustrated by
more specific reference TO the effect which will be
actually produced by the contemplated exclusion
OF foreign manufactures upon the foreign s. domes-
tic demand for raw cotton.
1t has been shown that the proposed prohibition
OF foreign merchandise, estimated at g 10 900 600
VIII have the effect Of depriving the co;ton-groy
ers in the United States Of foreign market to the
extent Of 10000 bales of cotton. 1t is apparent
trat the substitution of five millions of domestic
manufactures of wool for the same amount Of the
foreign fabric, will add nothing at all TO the do
mystic demand for raw cotton. IL is equally an
parent that the Substitution OF 800 900 of dones-
tic for the same amount of foreign manufactures
Of cotton, have the effect Of adding so
much only TO the domestic demand for cotton as
will supply the material for making domestic
manufactures the value OF $500, 900. 1t is
estimated by Mr. Huskisson, that the raw materi-
al constitutes only oncffth Of the value OF cotton
manufactures, taking the average OF the various
qualities. As those which now remain TO be ez-
cluded by The proposed tariff are Of the finer dcs-
crpiions, may be safely assumed that raw cot
ton Of the value Of 100000 will be sufficient
for the maliingo Of manufactures of the value Of
S3,500,0 GOO. Now, estimating cotton at ten cents
Yrsr pound and each bale 20 contain 800 hounds il
follows that the entire addition which will be made
TO the domestic demand for cotton, by the complete
accomplishment Of the objects Of the proposed ia
rifT, will be 23,3 3G bales. In this calculation no
deduction is made for the effect oftle enhanced price
II r a. T.