Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1830-11-09
THE NEW OLIVE BRANCH.
a solemn ,oarning ON the Bnnks ofth R,.b;con.


10 The CITIZENS OF SoUrH CApoL1NA
Friends and Fellow Citizens, Animportant feature
OF the plan ofthese essays stated in the first num-
Der, was, to Prov that high duties when sufficient
Tor protection, with scarcely exception, reduce
prices and as uniformly improve the quality of the
respective articles The former effect ACCORDING with
the profound and sagacious maxim of Alexander
Hamilton:-
The internal competition which takes place soo does
every hg like monopoly by degrees reduces the price
poyed This accords with the of the thing and with
experience.
Whence follows is the iueres, of community with
view to eventual and economy encourage the
growth Of manufactures. In view temporary en-
manent reduction" > 70
Since the publication of the first number, Mr Niles
has so completely and irresisbly proved the sound
ness OF TINS doctrine by variety of instances of the
most important articles of daily use being reduced
20 30 40, and so per cent, on their being properly
protected IN his invaluable essay "Politics for Far
mers, which settles the question forever with all
whose minds are open to conviction, that have been
inclined to pass 1t over altogether. But as The Sc
rles would be thus rendered Incomplete have iudg-
ed proper to offer few plain facts and observations
on the subject
In the wide range which the protecting system has
TAKEN IN his county, or can take IN any country the
case OF coarse cottons affords the strongest iustra
ton and proof of the correctness of Hamltons doc
trlne LII powerful facts, and fair and conclusive
gument, We're OF any weight against inveterate pre-
JUDGE or popular error, this single case would be
sufficient to remove every shadow of doubt on the
subject.
The idea held out by the opposers of the American
system OF protecting domestic industry by high duties
49, tnat the amount of those duties is added to the
price OF the article, and thus taken out of the pockets
OF the purchasers, and put into those of the manufac
tufers Inc theory IS plausible, and for long time
had undispHed currency-and hence it APPEARED
to many OF our citizens, that there was direct and
rreconceabe hostility of interests between the mass
OF the community, sthe maryland the manufactu-
rers 1.-THE few" To this fatal error, are in great
measure due the calamous scenes that pervuded the
nation In 1918, 10, 90, 81, and 90
The case OF coarse cottons shed food OF Iiuh. on
the SUBJECT. 1t was an overwhelming stroke to the
favorite doctrine of taking the many for the benefit
of the few" OF ths article Imported from the East
Indies OF very inferior quality the amount of several
millions OF dollars per annum were previous to the
high protection afforded by the tariff of 1916 sold in
the w. States at co. 81 and % cents per square ward
wholesale, and I'd and 25 cents retail* When the
cotton manufactures of this country EMERGED from
the desoatiGn inflicted them by the extrayagant
importations of 1915 and 1916. competition reduced
the prices by degrees, until at length the superiority
in the quality, and the moderate prices of the domes
&c article expelled the East India article wholly from
our markets.
1t may not be known to the generality of our rea-
ders that the lowest duty cotton goods is 81 cents
per square yard even II they MT, at the place of
expectation, cost more than SIX cents Thus the du
~ may be, and is in many cases. 100 100, or $50 per
cent. Here, surely, If any where was favorable
opportunity for the extoriioD SD emphaticaly predict
ed oy those whose principles go keep our workshops
and working people in Europe-to keep our own cit
lzens idle-and to import more than we can pay for
Let us then test the doctrine in question by facts
the fairest touchstone of truth or fasehood annex
some extrac;s from the Philadelphia Price Current of
Oct. %.