Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1831-11-14

United States affords market for ten or tyely,
millions OF dollars in sugar and molasses which
will double with the duplication of our population
and Will finally become valuable to the South as
her cotton.
The manufactured tobacco of Virginia is fully
protected by the tariff.
The South is favorably situated for tho intro.
duction OF manufactures. They have water power,
the raw materials, provisions, labor more abundant
and cheaper, home market Agricultural labor
is overdone; cotton, tobacco flour, rice Sc arc
already Cutting every market. AS the South in
crcases IN capital and population, she must find
other pursuits they must diversity their industry
However much they may increase their productions
IN quantity, they cannot hope to inc fease to anv
extent, its value. They must then, find new occu
patrons, or they will have to divide the Same amount
among much larger number, and thereby greatly
diminish the amount Of the personal comfort Of
their people.
1t will be of great Importance as labor becomes
less valuable, as lands become exhausted, popu-
lation increases, to have many resources. The
South will always possess the advantages of soil
ana climate, and many other natural advantages
OF the North in manufacturing; while she cannot
nope TO be equal in navigaionthat field is entirely
pre- occupied.
Fears have been entertained at the Soutb thu.
the manufactures of the North might supply III.
country, and England lose our market as an
exchange for the cotton. An examin alton of the
state OF our commerce shews that still import
more from England than export to her, and
tins must always happen, no matter how success
ful our manufactures. During the present fou-
rishing condition Of those interests, the importa-
tons are much larger than usual. The balance
of our trade, that is the difference in value be-
tween exports and imports-the shipments and re-
turns-in other words the exchange is favorable
to her, so as to produce drain of the precious
! METALS.
1t should be remembered, also, that the South
cannot take from England the full returns of their
cotton and tobacco. That the Northern States re-
ceive the re urns of British goods and it is through
them the balance is preserved. But the North has
| nothing TO send to England in compensation OF
the goods she receives this is effected by n trade
she carries with the South, and which has grown
| up under the system of duties. Besides the North
and West consume the cotton, tobacco, and rice OF
the South; they carry them abroad in their ships
into every quarter of the globe; they manufacture
them eNtcnsivcy and it is fact beyond doubt that
the American purchaser increases the price and
sustans the market of cotton: 1t is worthy of re-
mark that with export of near eight millions
South Carolina imports but million direct, and
that half the commerce in that State is done in
foreign vessels.
There are many other reflections growing out of
this subject, which suggest themselves to the reflect
ing of the South.
After a reduction often millions has been made
upon the revenue, it will be necessary to inquire
whether any, and what further reduction will be
necessary, and how and upon what articles it shall
be made. There are many considerations touch
ing this subject which ought to BIO well weighed by
the South. These will claim attention in tho
next. x.