The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-04-02
COMMUNICATIONS.
roR THE nApIsosiAs'
NOTES ON MANUFACTURES.

NOTES ON MANUFACTURES,
ADDRESSED TO rHE SOUTH
Assuming tina, cotton mills consume ye'iv
lOoOOO bales OF cotton OF the growth OF OUT oou'"
ern States (which is thought TO De rather an uuuei
than over estimate in regular times) a. zen Genus INC
poupd. or forty dollars the bae-the 4Oo,ooo bales
ros ,,te,u million, Of dollars which sum is annually
pad BY The manufacturers to the planters for The
raw material.
The annual product of cotton in our Southern States,
(estim ted i,ooufVo oaeS'
or which our home market con.
sumes 4WoU
Exported to foreign markets yearly 100000
Il may well be questioned whether il the entire
crap should be exported, it would command more
money 10 the foreign market than the hree onrihs,
such is The known effect price Of an over stocked
market. In this view, the Southern planters save or
gain yearly I6 millions Of dollars BY our home ma
nufacture of their produce This shows their direct
,niercst In sustaining manufactures as the second
great interes. Of this nation. Let US proceed 10 the
cotton mills and learn the direct and general inie
rest Of the whole nation in the manufacture. /
speak " with book" in stating that The raw material,
when connected with goods, (of all descriptions, has
an average increase in value Of at least four times,
raw material acquires value in the market in the
shape of goods, Of sxy-our millions Of dollars, show
ing gain Of national capital Of forty eight millions
of dollars yearly by the manufacturer This gain is
equally true, whether The goods shall be exported
or consumed at home, for without such home supply
so much money must have been paid for the goods
to foreigners II is, therefore manifest that ibis
great national gain Of AZ millions Of capital yearly
is the result Of the manufacture OF 100000 bales Of
cotton BY our home manufacturers. The next in
quiry is, whether the labor thus applied would not
have been equally productive In agricultural em.
ploymensl The reply TO this is best made by stating
the following facts: The labor Of cotton mill is
done by machinery propelled by water power, d.
rected BY science, and attended by women and
children who are chiefly incapable of any other en-
ployment 10 earn living. The men employed in
cotton MILL who may have ability for other labor,
are in the proportion of about FIVE TO len per
Of the whole iaboring Of the mill. These men ge-
nerally are mechanics by education and by taste or
natural genius, who would not accept employment
on the soil il even compelled Otherwise to emigra,e
for support-whose labor would in any case be Of
lille value the land 1t therefore follows that
the 48 millions Of dollars OF national capital are
gained yearly BY this manufacture ao.e--contrasted
with the state OF the country before the protective
policy was adopted, BY which alone the cotton mills
were established and by which alone all manufac-
lures must be sustained in country hereafter let
the Dull6ers and free trade say what they will
II The protective pc icy, as finally established in
1923, had been sustained as i, should have been by
all political parties, nd 50 firmly 10 hare inspired
universal confidence, cotton manufacture at this
time would have approached million Of bales yearly
with proponionate results equal to what has been
stately in annual profits 10 the nation. Which, con-
nec,ed with proporonale profits on pool and ioool-
ems, iron and Manufactures of iron, hemp and far
manufactures leather and Us manufactures, six and
us manufactures, glass, paper, and eren SALT Chat
hobby OF political aspiralions;) which may be made
as cheapy on our Southern sea coast as in foreign
countries These manufactures, and many
which were encouraged and partially established by
the protective policy Of 1929, would most certainly
have greatly Increased the wealth Of our country
and at this period have made eredik0rnati0n in
stead OF dc6t0r nati0n Tor hundreds Of millions!
by WHICH we are BUNDLED 10 the feet OF foreigners
Such has been the consequence OF the folly and
madness OF those who have ruled in our National
Government since that period that the universal dis
tress which now prevails may be clearly traced to
that cause. Universal prosperity would have been
the natural result Of a policy founded in common
sense, and administered with common honesty. The
entire country is now sustained and held together
only by the hope of thorough and entire change Of
men in pc To such change they look for
restoration Of that cause in which we have expert
encsd prosperity and may reasonably look for it in
future.
In giving 10 tho produce of our lands the utmost
value by manufactures, we create abundant wealth.
We furnish great capital for commerce-we Sc
cure the most perfect independence. Under such
circumstances the currency would be sell-regulated.
Abundant wealth would create many lenders and
few borrowers in proportion. A low interest would
offer less temptation TO banking, and the regulation
OF the currency, would be but a natural result Of
or less the business of The coun-
try should require The whole use of money
whether paper or coin, is to facilitate exchanges
Gold and silver are but the representatives of pro-
perty-not property in themselves, except SO far as
they are raw materials for the arzan The Gene
raj Government has all the required power under the
Constitution, TO regulate the currency and provide
for the general welfare of the nation Let us elect
men TO administer il, that will with wisdom and
honesty, and all will yet be well with the North and
the South, the East and The West. W.
March, 1910.
FOR THE MADsoNiAN.
Mr. Buchanan in his remarks in reply 10 Mr.