The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1838-04-17

|
vested in this interest," the high price paid for the
use of money sufficiently proves.
| In my opinion, sir, credit is essential to the
great export Of the South any other interest
Tho agriculture of the cotton and sugar producing
States, partalesi in inconsderabe degree of the
| nature of commerce. The product and sale Of one
great staple on y, is operation essentially differ.
ent from ordinary farming pursuits, The exports of
the South indeed, may be considered as the argre-
gate result of various forms and modes Of industry
carried on by various hands, and in various places
rather than rs the mere product Of the plantation
That product itself is local hut aids
and means drawn from every part OF The Union
What is it, sir, that enables Southern labor to apply
itself so exclusively to the cultivation of these great
articles for export? Certainly it is applied because
its own necessities for provision and clothing are
supplied, meanwhI lie from other quarters. The South
raises to sell and not to consume and with the pro-
ceeds of the sales supplies itself with whatever ITS
own consumption demands %Thore are exceptions,
but this is the general truth The hat-makc rs shoe.
makers, iurrIture-maIers, and carriage makers Of
the North, the spinners al Lowell, and the VIEWERS
ut Philadelphia, all contributors, to the general
product both OF roiton and sugal for export abroad
the livestock rasers of Kentucky, the gram
growing farmers, and all who produce and vend
provisions, in Indiana, Ohio and Illinois. The
Northern ship-owner and the mariner, who carry
these crops TO market agents acting to the same
end; and so they too, who, little thinking of
cotton fields or sugar estates, pursuing their
adventurous employment in tho whale fisheries,
over the whole surface, and among all the Islands
of the Pacific and the Indian oceans. If we take
the annual cotton crop at $50 coo 900. we may per-
haps find that the amount of sS45 600 coos eXpend-
ed either for interest capital advanced for the
expense of clothing and supporting labor in the
charges which belong to the household the educa-
ton of families, and to the domestic expenditure q f
the proprietor
Thus, sir, all the laborious classes are in truth
cotton growers and sugar makers. Each, in its own
way, and to the extent OF its own productiveness,
contributes 10 swell the magnitude of that enormous
81 Mt lo rE
of tins Government and which has run up TO
so many millions. Through all these operations
the stream of credit has constantly flowed and there
is not ono of them that will not be checkd and in
terrupted, embarrassed and hwarted, if this
be now dried up. This connection of the various
interests of the country with another forms an
important and interesting topic. 1t is one Of tie
natural ties of the Union The variety of produc.
ton, and mutual wants mutually supplied, consti-
tuo strong bond between different States and
long may that bond last. growing with their growth,
and strengthening with their strength
But, MIR President, that portion of our produc-
lions which takes the form of export, becomes dis
uct and visible il is prominent and striking, and is
seen and wondered at, 10y every body. The annual
returns all show it, and every days commercial
intelligence speaks of it. We gaze at it with ad-
ourselves.
With other branches Of industry the is quite
different The products of these branches, being
put in tho train of domestic exchanges and CON
sumed in the country, do not get into statistical
tables, ara not collected in masses, and are seldom
presented, in the aggregate to the public view
They are not Of the character Of few large and
mighty rivers, but nf thousand little streams me-
andering through all the fields of business aud ofo
and refreshing and fertilizing the whole.
Few Of us, Mr. President aware of wha;
would be tho amount of tho general production Of |
the country, iFIt could be accurately ascerained
The Legislature Of Massachusetts, under the recon-
mendaton of the Chief Magistrate of that State, has
caused to be prepared and published, report, on
the condition and products Of certain branches of
its industry for The year ending in April, 1887. The
of the authorities of each city and town were
made, apparently with much care and the whole
has been colaed by the Secretary of State, and the
result distinctly presented in we'll arranged stats
teal tables. From n summary of the statements in
these tables, will take the liberty of selecting
few articles, and Of adverng to them here, as in
stances, specimens, of tho annual product of la
Dor and industry in that State.
And to begin with avery necessary and important
article iud, that OF boots and shoes, the value Of
the whole AMOUNT manufactured within tho year
exceeds fourteen millions and half of dollars Ii
the amount of other articlas of the same class or
material, be added, viz; leather, saddles, trunks,
harness, &c. the total will not be far from eighteen
millions and hal! of dollars
will read tho names of some other articles, and
state the amount Of annual product belonging to
Cotton fabrics $17 ,40o, 900
Wooden fabrics l0,399,000
Fisheries 1852, 900
DoONs anu Sttitulid'g anu paper ~;O"-,oVV ,
Soap and candles l620,0
Nails, brads and tacks 2500,000
of various kinds 235 900 {
A gricultural implements 64o,O00
Glass S3l 900 &
Hats 100000 {
Clothing, neckoloths, &c. 20I30OOI r
Wool $50 900 q
these, sir, are samples The grand total is
SOL 700 900. From this, however, deductions are
o be made for the cost of the raw material when .
imported, and for certain articles enumerated under t
different heads. But, them the whole statement is
,oined to some branches of industry only; and to b
present an entire and comprehensive view there Y
honld be added the gains of commerce within the II
,ear, the earnings of navigation, and almost the ?
whole agricultural product of the State. i
The result of all, fit could be coiated and ex- S
libted together would show that the annual product
,f Massachusetts capital and Massachusetts, industry 4
exceeds one hundred millions of dollars Now, sir, Ii
Massachusetts is small Sate,in extent OF territory.
You may mark out her dimensions seven eight
ines on tho map Of Virginia. Yet her population o
Al