Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1829-01-29
o'31. gsaeGsNaAN.
.yNc,sBuai. JAN. %. 1879.
THE. TARIFF.

a III
measure AMI discussed with an eye TO i's PROM
;.ed advantages or Disadvantages, AT least ~
,t,,s, .,c,ions Of country most decidedly oi,pos'
!, hut. on the coniiary. that It has beenu-
,oltical .nsins 10 defeat the election OF
-, obnoxiou. Individual 10 the Pies'dene,.---f
;. The duty of sve,y man, who has 'ie good I"
r.. country at heat, to use his brii exefions 70
,i,h,.. the publc mind OF the erroneous views
vlieh demagogues and dupes have alike indus
,r,,,.l, inculcAied with regard 10 ITS effects, and
-, ,elu,c arruinea, by tacts--iheory ny expert
Al,r,d, are the mists Of error in great
,.. scattered by the light u ruth and aoti-
;,,r is necessary ." ensure tue hn"i triumph OF
do true policy Of the country hut The develope.
.a.,, of the consequence produced by high and
lay rites OF duiies--and by taking co'npara-
ION v,,w of their effects. The interchangeable man
,.b., ia, taken the lead in tho public advocacy
thigh rates OF duties, Matthew Carey ofPhh'
,,delph,a) has shown most conclusive, tn"f the
..,,m,sry disiresses Of IL country IN 1918
"a ana which were generally attributed TO the
1,er, Of Banks with which almost every state III
,6e iuion was ,hrohged was attributable 10
IA, nd rem, Cause. The low ate OF d'ties on
,,o,,os and wooden fabrics, aud indeed on ev ~
,,aJ,ug article ei importation, led 10 the intro
.jueion of "A vast anouni ot foreign goods INTO
the country be, ond lis actua' consumption. The
.onseuuclIce was, thai our manufactures, then
~ Siafe of iniancy, were Frustrated, their CIV
net, ruined. aai their uuiamen thrown desii
ttte on the world, 20 beg, or steal, or s'afye Ia
uu,,i,,ou 10 this the inSnx Of 40 many more fab
,ic. HAN the wan,s u ne country demand
cd. produced mororiionas reduction IN pri
.,..and our nerch tnts wcrs compelled 10 sell
,,,.,, le,s ,han the original cost-henc CO,
,l,e gene ,ai bankruptcy among Tho commtr
ia, elias. OF our citizens. In the mean time.
,h, articles exported hyus did not snikce 10
cay for those which we purchased, and the
1,,u,iry wa CONSEQUENTLY drained of its specie
..,,,,cnc>. Then came IN the Banks for their
,..,c Of the evil. Many were compelled to ~.
,,i,e spec g pa ymenls--and mary others boz aae,
il,e our mrrchauis. bankrupt They had been
{ IL nn,ed. bY The apparent prosperity OF the
.n,,,,v 10 optr-frnde, until they could trade No
Longer: bu, the cause of the evil did not attach
10 them. And what did we gain by this policy
al low duties, 10 compensate fm the destruction
,if onr manufactures, the arrangement of oar
currency aud the bankruptcy OF our merchants
md bank. A foii Treasury. The low du-
Ties, which resulted in so much evil 10 the COM
n,unity. filled the public codfers-and the coun-
i.s presented the strange and apparently para.
ans,csI aspect of thriving government and
ruined people Il was not then FIRST discovered,
however. that an immense revenue derived from
.;npnrt4 is noi necessarily indicative Of ionHl
prosperity. Mr.. Cary quo'es from Ustariz, on
The theory and practice OF commerce and marx
lime s,lairs case exactly parallel which had
lore red in SPAIN II dggrdra'c, (says
j. J In tktnt4g III our csun'r, that ire c1s'1nsS
har1 isl7r0red and yie'l'd more bv he inrrease
stance for ns, that, IN order To .albqRce !4cm o
million ol doi.d,s, estimating one duly with n.
mother al the rate OF eish' per crnt, after MI
allowance for fraats and ndulgence-, ihert tagri
ts drug. oW Of ne Kingdom tfs''s miliions or
dollars - We cannot think il even a dobatea-
tie question. whether a coNniry Which pays for
is imports With ,none, ms'"ad q; lae exports al
: IFS own industry. INNS, e ruined by tue very
means which gives the 20, ernmens II temporary
accumulation OF wealth. We say ismporafy---
Tor. It's revenue will necessarily dr,lrase, whpn
an insolvcnt country holds 0tr 10 inducen,rni
for inporiatiobs.
Blu reverse Tie picture aud we shall see II
country prospecting in all is eki,rmilies. Ma
oUf ,fures III rise aud loui>h--destitutc FAM
lies viii 1n emp!oylnent-a hnnae market vii /
be created ior the prndace OF the planter and
iarnler--w" shall export 10 foreign countries !
tIore Ihan We purchase nom thetn--and by tius
tecnring The balance Of traie in cur favor we
hall retain al all tunes such an ampout Of spr.
'e As to prevent - recurrence OF the gloomy |
md distressing scenes to which W. have already |
4'erred. 70 Illustrate this fact. il is Only no
eSSafy 10 refer t, the thriving conAit ion Of
'iii|burg, CINCINNATI and -o,hrf~ towhs where
manufacturing exlenssel, carried on, and n,r-
.'Pfons villages which nave risen into existence.
W 10y nmeic tlrnns bout the country, disp,n-
"5 cntnloet and wealth an large sections Of
"foundng country. Let us ouce he broush,
Sin'faly to acknowledge this fact, an 10 act
aon 1t, IN this State. pariicunrly in those src
rms Ot IL Nllprp nd Lff.
= coal both seem 10 invite its adoption, and he
'hthc'al Effects OF il viii he seen and iet.
ny sho"Id nni Richmond becomt an exten-
~ Manufacturing Guy? She has every Thug
s+>Sary for IL Within her reach and ne hope
+" time is not far distant when enierpriziug in
'a'a'N viii TAKE 'ile q,es,ios in,o seriuus con- :
Grafton