Staunton spectator. [volume] (Staunton, Va.) 182?-183?, 1832-04-06

ing the first term, commencing with 1917.
and ending in the year OF the passage of the
tariff OF 1924, the amount OF the value ofrc-
al estate was, the first year, S57, 799 1876.
and after various fluctuations in the interme-
didte period, il settled down at S52 ,Ol9 1870
exhibiting decrease, in seven years, o!
! S5,79,7U5. During the first year, 1925,
alter the passage of the tariff, il rose, and
gradually ascending throughout the whole OF
The latter period off years it finally, in 1881
reached the astonishing heieh hit of SO, 7l6,-
40! Now il he said that this rapid growth
ct Tic City OF New York was the effect OF
J"retsh commerce, then il was not correctly
! predicted in 1924. that the tariff would de
! Stroy lorcIgn commerce and desolate our
[ commercial cities. II, on the contrary, il
he The effect of internal trade, then internal
! trade cannot lie Justly chargeable with the
evil consequences imputed to it, The truth
IS, il is the JOINT effect Of both principles, the
domestic industry nourishing the foreign
Trade, ana the foreign commerce in turn
| nourShng the domestic industry. Nowhere,
more than in New York, is the combination
OF both principles so completely developed
10 lie progress OF my argument, will con-
SIce! 'hc effect upon the price of commodi-
tie', produced 10y the American System,
ana show that the very reverse of the pre-
dciiou Of lis foes in 1924 has actually hap
peEed
Whilst we thus behold the entire failure
OF all ihat was foretold against the system,
II is subject Of just ielcitaiion 10 its friends
that all their anticipations Gifts benefits have
been fulfilled, or are in progress OF fulfill
ment. The honorable gentleman from South
Carolina has made an allusion TO a speech
made by me, in 1924 in the other House, in
support OF the tariff, and TO which otherwise,
should not have particularly lelerred.-
But would ask any one, who could now
command the courage TO peruse that long
production, what principle there laid down
is not true; what prediction then made has
been falsified by practical experience?
1t is now proposed TO abolish the system
TO which we owe so much of the public pros
perlty, and it is urged that the arrival OF the
period of the redemption of the public debt
has been confidently looked 10 as presenting
a suitable occasion TO rid the country of the
evils with which the system is aIedged TO he
iraught Not an inattentiye observer of
passing events, | have been aware, that, a
mong those who were most eagerly pressing
the payment of the public debt, and upon
mat ground, were opposing appropriations to
other great interests, there were those who
cared lessabout the debt than the accomplish
ment ofotherobjects. Butthe people ofthe u.
States have not coupled the payment of their
public debt with the destruct II oftbe pro-
lection of their industry against foreign laws
and foreign industry. They have been ac =
customed 10 regard the extinction of the pub
lie debt as relief from burtEen, and not
as the inhiCtiOn OF a curse Fit is 10 Eeat-
tended or followed by The subverson of the
American System, and an exposure of our
establishments and our productions TO the
ungUarded consequences of the selfish policy
OF foreign Powers, the payment of the pub
lie debt will be the biiterest of culses. Its
fruit viii he like the fruit
" that forbidden tree, lChose mortal taste
"broHght death into The l0orld, and all our
lcOe,
"Fiih loss Of Eden"
1.-The system OF protection he founded on
principles erroneous in theory, pernicious
IN practice al owe all, lift lie unconstitu-
tion"l, a. is alleged, il ought To be forthwith
abolished, aud moi yestige OF il suffered TO
remain But, elore we sanction this sweep
ing denunciation, let us look little at this
system, lis magnitude, lis ramifications. its
duration, and lie high authorities which
have sustained il. We shall see that lis
foes will have accomplished Compara'iyely
nothing, after having achieved their present
aim OF breaking down our iron lounderies,
our "collem, cotton, and hemp manuiaclo-
RES, and our sugar plantations. T he de-
Slruciicn oiihese " ouh undoubtedly, lead 10
the sacrifice Ct immense capital, tie ruin of
many tn LSdUdS Of our fellow Citizens. and
lnctlcuIa' lie loss 10 Tie whole community.
Bot their prcslration would not disfrure nor
produce greater effect upon the whole sys-
tenn ct protection, in all IFS branches, than
tie destruction Of the beautiful domes upon
Tie Capitol would occasion 10 the marnif-
cent edifice which they surmount. Why,
SIR, there is scarcely an interest, scarcely
vocation in society, which is not embraced
Ly the henefcerC &C e his system.
81 CcmPrcLerds our CCasting t,nnare and
trade, from With all foreign tonnage is alb
so,tl,!y excluded.
iiialindesal' car foreign tonnage, with
he .a,onsideraile exception made Nv trca-
ties q reciprocity with few foreign Pow
ers.
II embraces our fisheries, and all our har-
dy and entCrplisiDg fishermen.
II extends To almost every mechanic art
TO tanners, cordwainers, taiIOrs, cahinct-ma-
kers, matters, timers, brass workers, clock
makers, coach makers, tallow chambers,
Trace makers, rope makers, cork cutters,
toLacccnists, wbip-makers, paper makers,
umbrella makers, glass blowers, stocking
wcavcrs, butter makers, saddle and harness-
makers, cutters, brush makers, book bind
e,s, dairy men, milk Farmers black smiths.
type founders, musical instrument makers.
basket makers, milliners, pottcrs chocolate
makers, tioor-cloth- makers, bonnet makers,
hair-cloth- makers, Copper-suiths, pencil
makers. bellows makers pOCkpf- bcok- ma