Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1829-09-26


and our navigation, so far from being dimu-
| ished by he duties imposed for the protection
of our own manufactures, have been tgularly
increasing with the extension Of our protecting
system; and that, instead Of being obliged, as
was predicted by the opponents Of the Tariff.
to resorr to direct taxes for defraying the ordi
nary expenses Of the government, ;he'e is every
reason to believe, that, by The year 1885, III
whole of the public debt will have been dis
charged, and an annual surplus Of from ten TO
fifteen millions Of dollars be left in the Trea-
sury, for promoting the general welfare" Of
the country, either by internal improvements,
or any other means tina, the wisdom of Con-
gress may suggest.
The next objection to The Tariff was, that ii
and We, it is singular fact, that those very ma
nufactures, Cotton and Hoollen) the protection
Of which has been almos, made pretexr for the
dissolu ion Of the Union, are now furnished to
period.
Nor can we trace the loss Of any foreign
market to the operation Of our projecting sys-
ten. The diminished demand abroad for our
great staples Of corn, wheat, and tobacco, is
owing 10 the commercial regulations Of foreign
na,ions, antecedent to, and wholly unconnected
with, our Tariff; and our cotton export, aoout
which SO much alarm has been, and sill CONT.
nues to be, expressed, so far from being dimi-
nished has actually increased to an almost in
credible extent. Before the Tariff Of 1916, it
had never risen TO e%ooo,eoo lbs. Since then,
it has gradually increased, until, in 1926, it had
reached 2o4, 5S5,4l5 lbs. and has continued TO
progress 10 the present year, when, besides
domestic consumption Of nearly 100 100000
lbs. the foreign expor, may be fairly estimated
a, largely upwards Of 3oo,ooo,ooo lbs.!!!!
Great and TO us it would seem) ex,raordi-
tial embarrassmens 10 which the manufactur-
ing inleres, has been subjected during the pre-
sent year. It's most sanguine friends never an
tici2ated for il an exemption from the ordinary
more or less liable: and we are very much mis-
taken il the distress amongst the manufacturers
will be found to be greater Cor, indeed, as great
in propor,ion) than that experienced either by
the agricultural or the mercantile interest OF
the county. Men who im2ruden'ly embark
their capitals in business which they do no,
understand, or who are not satisfied 10 live
within the limits Of their actual profits, must
expect 10 suffer, whatever may be their pursuits.
Manufacturers, it is true, have failed: But are
not mercantile houses continually crumbling to
pieces? and is no, the auc,ioneer's hammer
daily announcing, in every part of the Union,
tn, depreciation and transfer Of landed estates?
But to the manufacturing interest there is a
hope, which canno, be entertained, we fear, by
any other portion Of the community. One Of
the principal sources of its embarrassment,
must, in the nature of things, be soon exhaust
ed while another is entirely within the COM
pass Of legislative remedy. We refer to the
excessive impor,ations Of foreign goods in am
ticipaion Of our recent Tariff, aud 10 the frauds
which still continue to be practised on the re-
venue. The influence Of the first can hardly
be felt hey ond the presen, year; and we have
too much confidence in the wisdom and patriot
ism ofths National Legislature, to believe that
the existence Of the last will be permitted be-
yond the frs, month Of its approaching .es-
sion.
Entertaining these sentiments, we Of course
anticipate speedy and efficient revival to an
interest intimately connected, ia. our opinion,
with the permanent welfare of every norton Of