Litchfield enquirer., 1832-02-23


 my OWa kn6wledgs. Spt snl fee tc confess. that if we aFe to credit she accounts ws
 have heard tlas rich fruits of the system
 have been 4eatteted iin tIIis quaFtar with ! pFCfuse hand. We arc aoid thai napnfac-
 turing estabIisIlments have sptung np eyes ] " whore n ifby anehanim6nt. Thriving towns and beanrilul Nillages cover the
 whole face of the Ind. Millions of capi- tal have been withdrawn tom other pure suits and invested in nianOfactures. Joint stock companies are receiving enormous dividends; and the people, lat least in ihe. Ineighh0rh0od of tho ahIishments built up and suatained by tho systeWsl are re- joiciig in psOsperity nnexampled in the history of the world. But, Sir, in ihc midst of this universal joy, we hear occs- sionally the voice of lamentation and eonl-, plainf. Thefe are those north ofstle Po-
 tonne, wise, and experienced, and pat- fiotic men, we'll acquainted too Mifl. tho actual condition of things, who tell us that this apparent prosperity is in asgreat meas lre delnsive; that the system has aperat- ed in buiIding up . favored class lat the ex- |pense of tho rest Of the community That ! 1t hns, in fact, made the q rich richer, and
 the poor poorer.'s I have before me sey- eral statements, all going ao prove tbess
 assertions, IS to several of the most hpur-
 ishing ninn1facturing establishments of ,ha
 North. ! will trouble tho Senate with
 but one of then, and that merely by way of illustrafion. Tie article is from ahe pen of one cf the ablest. political ec0nomists in tho Uniohx ono who has laid his country
 under a lsstihR debt of gratitude. s Mr Hayme here read a statement from the Banner of Inc Constitution, proving that . tiourishing cotton nannfactory as the Falls village, in New Hampshirs, was, from tke;r oson, skosoings p,aintained' by . l tax on.thO conamnnisy, excesding tho en- tire pro6ts of the establishment, by 9lO1. :
 900 per sannSIn; and that, if a purse was
 made up, and every orerativ6 man, wos
 man, and child, paid @iOO per annnm, fo,
 st1ndiag idie or turning gfindstOnes. thi public would be gathers by $iOi 900 an- nually.1 sssss Y \ x xt will be seen. tllerefofa, that. with re- gard eo some, atleast, of. our most dOurisli- ing manufacturing establishments. the prof. l its derived are drawnf from tho pockets ofthe people. But, twill be said, x hersis . case in which the South participates in tho bounty here is | home market found for three thousand bales of Carolina cotton Y { Sir, ' snize shs opportunity tD dispeI f0r- ever the delusion, that tho South can de- rive any compensation ih homo market for the injurious operation Of tho pfotect- | ing system. The case before us affords . l striking illustration of this truth. The value of tho raw material is about one fourth part 1.-the manufactured article.-- Nov if the cotton. goods manufactured at the Falls Village, were imported from Eng- land instsad of being made in New Hamp- shire, we should find . market for twelse thousand bales of our cotton instead of three; e that instead of gaining market for three thonsand bales of cotton, ws have lost market for nine thousand. The home market for our cotton is not news Tor additional, but . snbstitnted market. If the trade were free, the goods snanufac- tRred in this scOuntry would be imported from England, and paid for in our cott0n !;
 but in cutting olr the imports, you of course. \ toi tho same extent, iiminish our experts. I Now suppose, 10 make this matter tod plain
 for cavil or disputes that we exported ts Great Britain ono hundred ,thousand bales of cotton, worth (at thirty dOIIars baIe)
 three millions of dollars, and that we re- ceived in exchanes three millions Of dol lars worth of British cotton eoodSI How much of our cotton would it take t0 manus fracture these go0ds Why, iust twenty l five fhoussnd bales, while Inc fesnaining ssvenly.fise thousand would bs dispossd of on the continent. But suppose the ipl- portatioh of these goods prohibited. in or der that they should bs made n home, what portion of this cotton would findsa home market Only twenty i've thousand bales, and the remaining seventy tive tlfou< sand must De leii upon our handss 2 Ehus. l it will bs seen, that tho effect of s6bssitut. ing home market in the plaee ii \ slor- eign market for our cotton, w6nld 'Be 10 de- priye us entirely of nlarket fVE tbfee- iourths of our productions. This result is Inevitable. unless che dcmestic maAasfac- Etlrer can enter into competition wish The Brilish ia foreign markets, an idea aaltOgesh- ! CT tnp extfavagsnt to be worthy of serious notice for surely, if any thing can be 'con- l sidered certain, we may safely assuhIie that larticlesewhich cannot be manufactured lat home rithoutA protecting duty dffrom lf- tv to one hundred per cents eahRDt enter into compelition with foreign manafactuFes insihe markess of tho worlds whore they