Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1833-03-09


cotton, iron, &C. &c. For ~ per
cent. duty is not sufficient to protect
these even against the excuses Of Eu-
roPean production, cast into our mar
ket and often times gladly sold for cost
and charges, to prevent their action
upon the Europeanhome market. And
this being the case, what are the con-
sequences that must ensue! Compe-
titiOn being annihllated, the revenue
will increase as long as we have the
means of paying for goods; and the
price of such goods will also advance
as long as these means continue. But
that will not be long. Wherewith
may the agriculturists Of the northern,
middle or Western states purchase
foreign goods? The home market
destroy I'd, and the price Of labor re-
duced to the minimum at which sub
,istcnce may be obtained-they either
revert to the IS american System for
clothing and comfort, or deny them
selves those enjoyments which they so
abundantly possess at this time. The
present mighty exchanges of domestic
produC ton cannot endure and the en-
tire command over the money market
will settle itself in those states produc-
ing that favored commodity, which
foreign nations are gracion.ly pleased
to receive in part payment for their
labor and capital employed.
But we have no: time--nor heart,
to go into a detail of objections to Mr..
Clay's plan of imposing common
standard for duties, and at a rate which
is not protective of any leading inter
est of the large majority Of the Amer
Ican people. 1t may be that all our ia
vorite systems are to be destroyed. If
SO the majority delermine-so be it,
We shall bear our part of the common
suffering with patence-,n full conf
dencc that the people will nulIify, lat
the ballot boxes,) the laws which may
be passed for that purpose ,-and re-es-
tablish the right OF self defence, by
regulations Of commerce. And, all
things considered, we firmly believe
that it IS much better to encounter at
once, the rum which Mr.. Forsyth and
others threaten US with, than Compro-
lit the principle Of protection. NJ i.
Clay does not understand his bill to BE-
an abandonment of that principle
We are sure that he does not. But
we cannot agree with him, on this
point, and would rather, much rather,
that all duties. were reduced to flee
than to tsrei,ty per cent, at the end of the
perio'' proposed-that representation
and taxation may be equalized, as de-
signed by the constitution. As 10 per
cent. will do nothing for protection, its
amount will be FAX Oh consumption,
for the prices on commodities, instead
of being controlled by American CON-
petition, will rest wholly with foreign
producers. The market will be their
own-as much so as the market of their
colonial possessions; and they will reg
ulate our commerce at their own good
will.
We have no stake in this NATTER
The part that we have taken has been
greatly detrimental to our pecuniary
ihtere>ts--uoless IN the general pros
pcrIty Of the country; but we adhere
to the belief, and for many reasons,
that no moditic alton Of the Tariff laws
ought to take place at the present SEES
sion of Congress. At the next, when
all may at Understandings on the
subject, we feel disposed to lend our
aid to Il calm and close investigation Of
the whole matter, and would agree to
retirements from the au,o,nat of pro-
lection, in all admissible cases for the
sake of harmony and TO insure perma-
neucy in the legislation of the United
Statcs-but further than this we can
not--riH not. GO.
HORRORS OF TIE INQUiSlTION.
Tue dim glimmering hight at first
scarcely >ufficed TO show me the oCcu-
pations of the dcmonlike figures. VINO