Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1832-05-16
[NEW SERIES. VOL.I-No TX

: aud can 1t be doubted that we should If;,1.o'
: y nave to supply ourselves at dearer ratas9
IL IS not tar to credit the foreign market t.h
: the depression OF prices produced there hv
the influence OF our composition. LET tho
! competition be withdrawn, and their pricoo
2 would instantly risn. On this subject. greet
T mistakes are committed Thave seen g.
: n,oSl mountaineering, in late report ~
i, MIR. Lee, of the Free Trade Convention IN
regard to the article of sugar He calculates
! INC total amount of browo ugar produced in
me world. aud then states that what is made in
4 Louisiana IS not more than wo and a halt nar
cent. OF that total Although his data NAV
$ be questioned, let US assume their truth. and
I what might be the result! Price being deter
\ mlheo by the proportions of supply and de,
mand, 1t is evident that, when the supply er-
ceeds the demand, the prize will fall. And
the tall is not always regulated by the amount
of that excess. If the market, at a given
price, required FIVE or fifty millions of hogs
heads of sugar. surplus of only a few hun
dred might materially Influence the price. and
diffuse itself throughout the whole mass.
ADD therefore, the eighty or one hundred
thousand hogsheads Of Louisiana sugar TO the
enfIr. mass produced in other parts OF the
world, and 1t cannot be doubted that mate
rlal reduction OF the price of the article.
throughout Europe and America, would take
place. The Louisiana sugar substituting for
elgh sugar. lhthe home market, to the amount
OF Its annual produce, would force an eoauI A.
mount OF foreign sugar into other markets
winch being glutted, the price would necessf,-
rliy decline, and this decline of price would
press portions Of the foreign sugar into crn1.
petition, in the United States. with Loui,ia,a
sugar, the price Of which would also be brought
down. The fact has been in exact confi,rni-
ty with this theory. But now let Il, soppose
the LOUISIANA sugar 70 ne entirely, Withdrawn
from the general consumption-what then
would happen? A new demand would be cre-
ated 10 America for foreign sugar, to the ex-
tent OF the eighty or one hundred thousand
hogsheads made IN Louisiana; a less amount.
by that quality, would be sent to the Euro
peah markets; and the price would consequent-
lyevery where rise. 1t is not, therefore. those
who, by keeping on duties, keep down prices,
that tax the People, but those who, by repeal
ing duties, would raise prices. that really i'm
pose burthens upon the People.
But 1t Is argued that if, h, the skill. experience.
and perfection, which we have acquired, in Ger
tain branches Of manufacture, they can be made
as cheap as similar articles abroad, and enter fair
" INTO competition with them, why not repeal
the duties as to those articles? And why should
we? Assuming the truth of the supposition, the
foreign article would not be reduced in regular
course of trade, but would remain excluded by
the possession Of the home market, which the do
nestle article had obtained The repeal, there
fore, would have no legitimate effect But might
not the foreign article be imported in vast guam
titles, to glut our markets, break down our estab-
lshments, and ultimately, to enable the foreigner
to monopollze the supply Of our consumption
America is the greatest foreign market for Euro
pean manufactures. It is tlsot which Europe
an attention is constantly directed. If great
house becomes bankrupt, there lis storehnuses arc
emptied and the goods arc shipped to America,
where, in consequence Of our auctions, and our
Gus ON. house credits, the greatest facilities are
Afforded in the sale Of them. Combinations
among manufacturers might take place, even
the operations OF foreign Governments might be
directed to the destruction of our establishments.
A repeal, therefore, of one protecting duty, from
some one all of these causes, would be followed
by flooding the country with the foreign fabric,
surcharging he market; reducing the price, and
complete prostration OF our manufactures; after
which the foreigner would leisurely look about to
indemnify himself in the increased prices which
he would be enabled 10 command by his monopo-
~ of the supply of our consumption. What
American citizen, after the Government had dis
PLAYED this vacillating policy, would be again
tempted to place the smallest confidence in the
public faith, and adventure once more IN this
branch of ndustrys
Gentlemen have allowed TO the manufacturing
portions OF the community no peace; they have
/ been constantly threatened with the overthrow of
he American System. From the year 1920 if
not from 1916, down to this time, they have been
held in a condition of constant alarm and insecu-
rity. Nothing IS more preludlclal to the great
Interests of nation than unsettled and varying
policy. Although every appeal to the National
;. Legislature has been responded to- IN conformity
:. with the wishes and sentiments of the great ma
iority of the People, measures OF protection have
only been carried by such smill ma1orties. as to
.Iexcilc hopes, on the one hand, and fears on the
other. Let the country breathe, let its vast re-
sources be- developed, let its energies be fully put
:. forth let it have tranquility, and, my word Cor X
the degree of perfection in the arts it will exhibit
will be greater than that which has been present
: ed, astonishing as our progress has been. Al
n though some branch of or manufactures might.
and in foreign marko's, now do tearlessiy contend
4 with sinilae foregn fabrics, there are many 9th
= ers yet in their infancy; struggling with the DUH