Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1830-09-09


ting the manufacture of cotton TO Europe. a
greater amount of the raw material would he
consumed than ~ al present - dihcult
10 see whai interest So far "a respec's the sale
81 that slare ii,e cotton PLANTER has m the sub
version 81 that system. Ia reduction of dn-
lies would admit of large investments in British
or European fabrics Of cotton and their suisse
qaenr importation into this county, this add.
lIonaI supply would lake the place II cnn.um.
cd. ofan equal amount Of American maau ac-
lures, and consequently would not augment
the general consumption of the raw material.
Additional importation does not necessarily
imply increased consumption. especially when
II Is effected by policy which would impair
the ability 10 purchase and consume
Tpon the superstition. jlstmade, of restrIc.
ton 10 Europe of the manufacture OF cotton,
woald moe or less Of the article lie consumed
than now ia More could not be. unless in
consequence Of such n monopoly of the manu-.
lacture, Europe could sell more than she nov
does. But 10 what countries could she cell
more She gets The raw mater,al now IN
hnthensd by any duties except such moderate
nnss as her policy. not likely to he changed.
imppses. She is enabled thereby TO sell as
mach Of the manufactured srtlcle she can
hnd markets for in the States, within her own
UNITS, or IN foreign countries. The desiuc
ton OF the American manufacture would mol
induce her to sell ch saper but might enable
her TO sell dearef, than she now does. The :
hility oil those foreign countries, 10 purchase
aud consume would not be increased. by the
humiliation of our manufactures aud the mo
nopoly oil European manufacture The pro.
liability is that those iOriegn Countries, by
the fact oil that monopoly, aud some cons"
qnent increase Of price. would he worse ahd
dearer supplied than they no" are under the
operation of a competition between America
AND Europe IN their snpply.
Al most the United States after the transfer
If m their lerritor, to Europe of the en'iIe
manufacture OF the H,tlcle could not consume
f-Europesn f,brlcs from cotton greater ~
mount than they now derive tom Europe AMI
from manufactures within their own limits.
But II Is confidently believed that the con
sumption Of cotton fabrics, on the snpposl'nn
winch has been made with The United S ntes
would be much less Than II Is at presenf. II
~auld be less. because the American Consumer
would not possess the means OF ability 10 p"i
chase a. much ct the European fah1le, as h
now does to buy ihe American. Europe pur-
chAsps but little Of the produce Of tire Northern
Middle md Western regions OF The L. otatea
Tn s'ape productions OF those regions are e6.
cluded from her consumption by her policy Oh
by her NATIVE supplies Of Slfniiur productions. -
The effect. therefore, OF "bifgng The inhabitants
Of those regions TO depend npou the couod
manufactures OF Europe tor necessary supplies
ofthe article, would he alike injurious 10 them
and 90 the cotton grower Thy would suffer
from then inability To supply their wants, ana
here would he a consequent dlmlnutlon OF thr
CONSUMPTION Of cotton. By The location OF the
mauufactnre in the United states. ihelguau',i,
of cotton consumed is Increased, and the mur,
numerous por N Of their Inhabitants, who
would not be otherwise suffiC eutIy Supplied
are abnndantlv served. That this 10 the tru,
state offhings, think cannot he doubted u,
any rejecting and unpreludiced man. The
establishment OF manufactures WITHIN IN.
United States, enables the manufacturer to sci
To the latmpr the me ChanIc, the physician, III.
LAWYER, aud all who are engaged IN other pur
suits of life aud these, in their turns, suppl,
] the manufacturer with subsis euCe, aud wha
! ever else his wants ,q1ire. Under the mia
ence of The protesting policy. many new town
have hern built AID old ones enlarged. Tn
| population Of these places draw their snb>,s
| tence from the farming interest Of our country
! their fuel from our f0re.t and coal mines. ant
the raw materials from which they fashion ant
| iabriCste. from the oltOn Filhnie aud the mine
Of our country. These mutual exchanges, So
!
the people OF the United States, could not pos
sibly be hectrd between America and Europe
If the latter enjoyed the monopoly Oh manuIac
turing
It, results, therefore, that so Tar as the sale
of the great southern staple is concerned, q
greater quantity is sold aud consumed. and
consequently better prices are obtain d, un-
der the operation of the American System,
than would be without il. Does hat system
oblIge the cotton planter 10 buy dearer II
worse articles OF consumption than be couq
purchase, if II did not eAis
The same cause of American and Europcau
competition, which enables hlm to sell more al
the pro luce Of his industry aud At better prices
also enables him 10 trly cheaper and berter'ar-
ncles for consumption II cannot he doubled
that the tendency of The Competition between
the European aud American manufacturer i,
To reduce the rtice ADD Improve tue quality oil
thrir respective fabric, whenever they con-
INTO collision. Ihis IS the inmutatde law Of
, all competition. II me American manufacture
were discontinued, Europe would then eXciu.
syeiy furnish those sopprs which are now de
rived from the establishments IA both Cont
nents and the fri Consequence vonid be an
, augmentation Of the demand beyond the sup
ply eqnai 10 what IS now manufactured Ia The
u. States, bat which, in the contingency sup
rosed, would be wrought In Europe. II the
destruction of iha American manufactures
were sudden there would he sudden aud pro
baby a considerable rise in the European fab
RIGS. Although, in the end, they might be
again reduced, il is not likely that The ultimate
reduction of The prices would he 10 such ratr.
as 4 both the work shops of America and Eu-
rope remained sources OF supply. There would
also be sudden reduction Ia the rrfce of tue
raw material in cons qusnce OF The cessation
OF the American dr,nand. And TIN. reduc,
non would be permanent, II the suPposiiion be-
correct. that there woujd he diminution in
the consumption OF cotton fabrics arising ou'
of the inability ON the part of large portions
OF The people OF lhe u. States 10 purchase those
Of Europe.
That the effect of competition between the
European add American manufacture has been