Wheeling compiler. [volume] (Wheeling, Va. [i.e. W. Va.]) 1829-1831, 1829-07-22


changes are rung upon the fallacies of the
balance of trade, sc and amongst 9th
er absurdities, a modern professor of POI
li.ical economy has asserted. that the en-.
tire landed income of one country NAV be
expended IN other countries without preiu-
dice to that from which 1t is drawn The
French armies have. according TO this no.
table reasoning. been much hbeIIed; con
tributions which they exacted from con.
ouered counties, could not differ IN their
consequences from rents distracted lorev-
er. This new light shows Ireland, the
country in question, IN the situation Of
West India Island, inhabited by a few
overseers and many slaves, whose situa-
ton is never amelIorated, who derive no
thing but bare subsistence from the pro-
duce of their soil and labor. however great
its value. The planter reveIs IA Bath or
London. enriches city tradeSmen with his
expenditure. aud suStains all those middle
classes necessary TO the strength and CIV
ilization of countries. while the poor slaves
at a distance, who produced all, are mum
ching their vans or potatoes.
Can a stronger instance of the ne
cessity Of protection and local expen-
ditrue, for mcIpIeut manufactures, be
adduced than this same Ireland, 10 which,
from its dense unemployed population,
and consequent low wages manufactures
might have been expected o. ilourshl SO
far from Ireland acquiring new mauufic-
lures, although IN possession of English
machinery, sc. she is every day despo led
! by England Of a part Of the ouly maaulac-
ture she may be sand to possess, aul
large portion of the operative mauuacur-
ing people employed IA England are lr.sh.
which the overwhelming capital OF Eng.
| land destroys IN their own country.
India, the birth place of cotton, the era
die of manufactures, where laber Is 30
per day, receives those goods (stIl retain
INC their Indian names from England,
which half a century ago, all Europe re.
ceiyed from Bengal, such are the lreslstI-
bic effects of capital, itself generated un-
der a restrictive system of monopoly; and
which having at length attained such a
magnitude as to overflow as natural chan
nels, and rival itself throughout the world,
may be expected 20 ebb TO such limits as
will admit of profitable returns. As fur
Their proofs of the benefit a country may
derive from restrictions sufficiently coun-
teracted by other countries. we may adduce
Holland which, without good harbors. or
the materials Of ships or commerce. at one
time possessed almost all the trade of the
world, and with large fleets fought those
nations from whose negligence they derly-
ed their wealth. Restrictions transferred
ships. commerce, &c. to their natural own
ers, who. after acquiring possession, were
soon able 10 compete on equal terms with
the Dutch. II Is very doubtful. whether
that cotton manufacture which Mr.. llus-
kisson declared had enabled US 10 gain the
victory over France, would have ever ex-
listed to rs present state without restriction
upon India goods; certainly NOT m time 10
subdue Bonaparte. The exgencies Of na-
tons sometimes requires a natural result to
be anticipated and speedily brought about;
a horse Will bring you 10 a certain distance
by a walking pace, but # you fear the at
tack OF robbers, you put han 10 a gallop;
he may be a little blown, but both you and
he are safe.
According TO the PRINCIPLES which have
ever regulated the conduct OF nations,
England has very propererly forwarded her
own interests at the expense Of those
who we're inattenlye to theirs. Her mems
were restrictions upon the industry Of orb
or people, in departments which lnierler
with her own. For many ages other la.
tons were blind to the consequences an
did not perceive that they stoot 30 Mo
same relation to England which the ope-a-
! tive workman did 10 the master manUiac-
turcr, who had the profit upon their labor,
and was the only person who could aceu-
mulatea capital. While the manufactures
of England were growing and did not eE-
ceei the consumption Of the world, they
we're supplied to other countries at prices
Involving large profits upon the conpllca-
ted labor employed IN their Fabrication;
these profits formed part Of as price aud
IMe ptole was paid for IN the raw produce
of other countries, upon the production Of
which. less labor being bestowed the prof
ts were p-oportonabIy small. and nee s.
sarily kept to the level Of similar agucuI.
ural productions Of this country. Eng.
land had a check in her own agriculture
upon that Of other countries, but the latter
not having attended 70 the formation Of
manufacturing establishments, had none
upon those Of England.