Staunton spectator. [volume] (Staunton, Va.) 182?-183?, 1832-03-09

a
enchartment. Thriving towns and hcauti-
iul villages cover the whole face oflhe land
J Millions OF Capital have been withdrawn
/ irom other pursuits and invested in manu-
!ac;urcS. JOINT STOCK companies are receir
3 Ing enormous dividends; and the people Cat
least - the ncighhorhuud Of the establish
mcniS built up and sustained by the SySiem)
a'e rejoicing ~ prosperity uneXamped in
the history of the world. But, sir, in the
midst OF the universal joy, we hear occasion
| ally the voice OF llmGntaliOn and COMPLAINT
There are those north Of the Potomac,
wise and experienced, aud patriotic men
well acquainted too with the actual condition
OF things, ho tell us that this apparent pros
periiy Is in great measure decisive; that
the system has operated in building up a
favored class at the expense OF The rest CT the
community. Jha, ii has, in fact made the
rich richer, and the poor poorer" have
before me several statements, all going to
prove these assertions, as 10 several of the
most tlOuriShinG manufacturing establish
ments Of the north will trouble the Sen
Hte with but one ofthem, and that merely by
way OF ILLUSTRATION The article is from the
pen Of one olthe al lest political economist in
the Union, one who has laid his country un-
der lasting debt of gratitude
Mr.. Iayue here read Il statement from the
Banner of the Constitution, proving that
Hourishing cotton mandatory at the Falls
Village, IN New Hampshire, was, from their
clcR sholcinS, maintained by tax ON the
community, exceeding the entire profits of
the establishment, 10y Sl0l COO per annum
and that, II purse was made up, and every
operative man, woman and child, paid : 100
per annum, for Standing Idle or turning
griudsiones, the public would be gamers by
SOL goo annually.
Ii Will he seen, therefore, that, with re-
gard 10 some, at least, of our most flourish
ing manufacturing establishments, the prof
lis derived arc drawn from the pockets of
the people. But, il will be said ''here is a
case in which the south participates in the
bounty, here is home market found for
three thousand bales of Carolina cotton. -
Sir, seize the opportunity TO dispel forever
the delus:on, that the south can derive
any compensation in a home marke, for the
injurious operations ofthe protecting system.
The case before US affords strikiu Illus
tration Of this truth. he value OF The raw
material is about one-iUuuh part the man
utactured article. Now II the cotton goods
manufactured AT the Falls Village, were i'm
ported from Englgnd instead OF being made
IN New Hampshire, we should find market
for Il, Geo bales Of our cotton instead oil 9 600
so that instead OF gaining market for 3 900
bales of cotton, We have lost mark CT of
5000. The home market for our cotton is
not new, or additional, tut substituted
market If the trade were free, the goods
manufactured in this country would lie inn
ported from England, and paid Tor in our
cotton; bu: IN Cutting off the imports, you,
OF course, 10 the same extent, diminish our
exports. Now, suppose, 10 make tins mat
ter too plain for cavIl or dispute, that we eX-
ported To Great Bsi!ain one hundred thousand
bales OF cotton, worth Cat thirty dollars
baic) three millions OF dollars, and that W.
received in exchange three millions OF dol !
lars worth of British oUtton goods. How
much of our cotton would il take TO manu-
lacture these goods; Why just twenty five
thousand bales ~ lille the remaining seventy
five thousand would be disposed of on the
continent. But suppose the importation of
these goods prohibited, in order that they !
should be made al home, what portion ofthis
cotton would find home market: Only |
twenty five thousand bales, and the remain
ing seventy-hve thousand must e left upon !
our hands. Thus, il will he seen, that the /
effect Of substituting home market in the !
pace OF foreign market for our cotton, |
would be 10 deprive us entirely Of market !
for three iourlhs of our productions This /,
result Is inevitable, unless The domestic /!
manufacturer Can enter into competition /
with III" British in foreign markeis-an idea !
altogether too eXtrdyagant To be worthy OF !
SIRIUS notice; for, surely, il any thing can !
be considered certain, we may safely assume !
that articles which cannot lie manufactured
at home without protecting duty OF from
fifty TO one hundred per cent, cannot enter
into competition with foreign manufactures
in The markets of the world, where they will !
Of course, have no protection whatever
But, 10 return TO the condition OF the \ orlh |
under the protecting policy. II lie rich |
ira is OF the sy stem in that garter were great
er even than they are alleged 10 be, should I
still think that they have been purchased al I
too dear rate. 1t has even there depressed |
our commerce, disturbed all the relations of :
society, and had a tendency TO produce lhat |
inequality OF fortunes which may, one day
other, be fatal TO Tie Liberties Of this coun-
Try.
Surveying with the feelings Of an Ameri-
can, the actual condition of things, should
certainly be disposed Il exchange all the |
blessings which th" projecting system has
produced, even in New England, for those
which il has destroyed. In the place OF The
splendid villages, noufishng manufactures.
joint stock companies, and lordiy proprietors,
clothed in fine linen and ldring sump'u Ously
every day, as patriot, should bc disposed
10 say. give me back the ships viii h have
been destroyed, tho merchants which have
been reduced 10 bankruptcy the sailors that
have been forced into foreign service, "tbc
piun1ered plOughmen and beggarcd yeoman-
~" who have been driven from the pursuits
of thpir fbOiCe into fhp olpor,v 4, ,Iis ~ Il. ~