Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1832-03-22
fconeiided from the fourth page.l

reign, and neglect the internal trade
would foster both. What is navigation
without ships, or ships without cargoes?
BY penetrating the bosoms of our noun
tains, and extracting from them their pre-
cious treasures by cultivating the earth,
and securing home market for its rich
and abundant products; by employing the
water power with which we are blessed;
by stimulating and protecting our native
industry, in all its forms; we shall but
nourish and promote the prosperity of
commerce, foreign and domestic.
have hitherto considered the ques-
tion in reference only to state ofPeace;
but season Of war ought not to be en-
tirely overlooked. We have enjoyed
near twenty years Of peace; but who can
tell when the storm of war shall again
break forthi Have we forgotten, so
soon, the privations to which, not merely
our brave soldiers and our gallant tars
were subjected, but the whole communi-
ty, during the last war, for the want Of
absolute necessariesi To what an enor-
mons price they rose' And how made
qunte the supply was, at any 7rlce' The
statesman, who justly elevates his views,
will look behind, as well as forward, and
at the existing state of things; and he
will graduate the policy, which he re-
commends, to all the probable exigencics
which may arise in the republic. TAX
ing this comprehensive range, it will be
easy to show that the higher prices of
peace, if prices were higher in peace,
were more than compensated by the low
er prices Of war, during which supplies
Of all essential articles are Indispensable
to its vigorous, ehectual, and glorious
prosecution. ! conclude this part Of the
argument with the hope that my humble
exertions have not been altogether unsuc-
cessful in showing
I. That the policy which we have been
considering ought to continue to BE re-
gardcd as the genuine Americaa Sy stem.
2. That the free trade sy stem, which is
proposed as its substitute, ought really
10 be considered us the British colonial
System.
3. That the American system is bene-
fetal to all parts of the Union, and abso-
lutely necessary to much the larger por-
ton.
A. That the price Of the great staple
cotton, and OF all our chief productions of
agriculture has been sustained and up
held, and decline averted by the pro-
tective system.
5. That, If the foreign demand for cot
ton has been at all diminished, by the OPP
Grafton of that system, the diminuion
huo han cd hn
additional demand created at home.
6. That the constant tendency Of the
system, by creating competition among
ourselves, and between American and Eu-
ropean industry, reciprocally acting upon
each other, is to reduce prices ofmanu-
factured objects.
Z. That, in point of fact, objects within
the scope ofthe policy ofprotection have
greatly fallen in price.
8. That, if, in season fpeace, these
benefits are experienced, in n season of
war, when the foreign supply might be
cut of, they would be much more exten.
sively felt.
8. And, finally, that the substitution Of
the British colonial system for the Amer
lean System, without benefiting any sec
ton of the Union by subjecting us to
foreign Legislation, regulated by foreign
interests, would lead to the prostration
ofour manufactures, general impoverish-
ment, and ultimate ruin.
And now, Mr. President, ! have to
make a few observations on delicate
subject, which ! approach with all the
respect that is due to its serious and
grave nature. They have not, indeed
been rendered necessary by the speech
Of the gentleman from South Carolina,
whose forbearance to notice the topic
was commendable, as his argument
throughout, was characterized by an "a
bility and dignity worthy of him, and of
the Senate. The gentleman made ore
declaration, which might possibly be mis-
interpreted, and, submit to him, wheth-
er an explanation of it be not proper.
The declaration, as reported in his print
ed speech, is, "the instinct of self inter-
est might have taught us an easier way
of relieving ourselves from this oppres-
sion. 1t wanted but the will to have sup
piled ourselves with every article embra-
ced in the protective system, free of duty,
without any other participation on our
part than a simple consent to receive
them" Here General HAYNE rose, and
remarked that the passages, which inme-I
dat ely preceded and followed the para
graph cited, he thought plainly indi-
Gated his meaning, which related to.
evasions Of the system,by illicit introduce
tions of goods, which they were not dis
posed to counte nance in South Carolina
] am happy to hear this explanation
But, sir, it is impossible to conceal, from
our view the facts that there is great ex-|