Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1833-03-28


bread stufs and provisions, their wool,
their lead, their iron and steel.
This loss will take from those thus en-
gagged in the labors of farming and the
mines, not only the ability to obtain man
ulactured fabrics, but also the power to
purchase and consume annually, as they
do now, four or five millions in amount of
sugar, produced in southern Georg ia and
Louisiana and thereby leave this pro-.
duction, to that amount, on the hands OF
the planters Of those States. There 1t
must perish, unless they can find mar
ket for it in Europe, where such mar
ket for United States sugar, has not, |
believe, ever been found to the amount
of ten hogsheads in any one year.
pass over the rice and tobacco, drawn
from the South bv the owners Of manu-
featuring capital in the North; nor men
ton the cotton, on which their great fab
RIGS noic so much depends; in all amount
ing probably to 100000 annually
This omission is made because the great,
rich, and Independent manufacturing cap
italists of the North, can and will stand
their ground, though they will stand that
ground alone, under the provisions Of this
bill When those provisions shall be car
ried out into perfect operation, as they
will be at the end Of ten gears, the great,
independent, manufacturing capitalist will
then not depend on the South, for the raw
materials which he can then bring from
any country, at a mere revenue duty Of
twenty per cent; tax Of no importance
to him, because it must be paid, finally,
by the domestic consumer Of his fabric.
Nor will the southern planter then de-
pend, for he does not noc depend on the
domestic market, for the sale Of his great
staples. These two classes, the rich
owners of great manufacturing capital, lin
the North, or of capital in land and slaves,
in the South, are perfectly independent
of each others production, by the provis-
ions of this bill; and may stand with per-
feet impunity, under those provisions of
this measure, which must be so ruinous
to all those, at this time, operating with
that limited capital, or employed in those
various labors, no,o encouraged or pro-
tected by that system Of lars, intended to-
be destroyed by these provisions.
How do the provisions Of this bill en-
sure the destruction Of that system? By
the utter abandonment of even the very
principle ofdiscriminaiing, counterrailing,
or protecting duties Of impost, on import
ed goods, wares, and merchandise At
the end of ten gears these duties, that is,
the rhole system of imposts are to be re-
duced to twenty per cent. ad valorem,
and to stand at that rate, upon all import
ed commodity, such as are produced in our
o,on country, by our orn domestic indus
try. So utterly is protection, in its rery
principle, abandoned, by this bill, that, il
more revenue shall be wanted, than may
be obtained, by this rate of impost, on
protected commodity, such impost shall
not be raised on such commodities ADORE
twenty per cent; but imPost, for such re-
renue, shall be placed on tea, coffee, and
other articles, unprotected, because not
produced in this country; and such i'm
post may, for rerenue, be raised up to
twenty per cent. This bill, therefore,
not only takes. from all the free labor of
the free States, the ,choie benefit of the
present system encouragement and pro-
lection, but may, and doubtless will, in
its progress, still further discourage such |
free labor, by heauy tar placed on the
imported food of that labor, tea, coffee ,and
sugar; a tax from which the Stare opnerS
Of the South will be exempted, in respect
Of all their labor; because neither tea, nor
coffee, nor sugar, is ever consumed By Me
s.ares
This bill provides concerning all i'm
post, on any protected commodity, that
whenever such impost exceeds twenty
per cent. ad valorem, all such excess
shall be divided into ten parts; and that
a 1.-THE of this rhoie ercess shall, annually, |
be taken away, urtil at the end of ten
years, no impost shall remain, at high
sr rate, on any commodity, than twenty
per cent, on its value.
The taking a,cay q tenth part Of this
protection, annually, will, in tro or three
years, so expose the middling interest
men, concerned in manufactures, to the
first effects Of foreign competition, crea-
ted by excessive Importation, that they
must give up the conflict, and submit to
the ruin prorided for them, by this mea-
sure. H
This will leave the war Of the trade in
the hands Of capitalists, who can afford
10 lose; and, outlving those losses, which
ruin the less wealthy, they will take all
the benefits resulting to them as the sur
rirers oftheir ruin. That ruin, and the
certainty that all protection will terminate
at the expiration often years, will discour-
age all owners of small, or middling, or