Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-08-19
NO. 90.

world. What the manufacturers Of the
North need most was fixed currency. and
10 be free from the expansions and con-
fractions which The money power OF Great
Britain could acl upon al pleasure.
Here MIR. +. went into some statements
as TO the effect Of paper currency i'm
medIately on prices, and ultimately upon
protection itself: il would ccntine the man
ufaciurers 10 Our own market. IN support
Of this view he insisted upon The fact that IN
1884. ), and g, The exports from New
England had doubled and quadrupIed.
while in 1924. 5, q, I, and s. they had
exported little or uorhing. In the one case
they had free trade, in the other they had
protection. He then argued TO show that
the ultimate effect Of protection must be to
make the manufacturers dependent slaves
10 the Federal Government. An cnligh-
tened free trade los,ered The interest of all
parts OF the Union; lei commerce, then,
spread her wings 10 the four winds aud bring
back on her expanded and exuberanl bosum
the products "fevery cline. This wos the
system which compoued with The spiri, Of
the age.
When the gentleman from Massachu.
sells MIR. Adams) had contended that the
tariff question was contest of free labor
against slave labor, that distinguished and
venerable gentleman had stopped 10 play
second ParI TO the miserable, contemplate
Irish slang -whnngcr, Daniel O'Connel.-
Let England, If she dare. attempt her pro-
scrIplion OF The products Of slave labor. As
soon as she did so, The continents Of Eu-
rope would take them. Gentlemen who
echoed such n cry knew nothing Of The
true philosophy Of the question. but yield
ed TO malignant prejudices, which blinded
their better judgment. Mr. p insisted thar
The true contest lay between the eniehten-
cd splr, Of the present age aud the bond
age OF The dark ages. lie went into an ar
suinentto show that The effect of pro,ec-
ton was hostile to the interests of tho la
borer. so that the contest was between the
free wages of labor and the profits of capi-
tai.
MIR. p. in the next place went into
statistical calculation, in which he showed
the effects Of altering the system Of draw
backs, and insisted that the drawbacks
would be reduced. aud also the expense Of
collection, aud that the revenue shall; yield
rwen,y-lour millions. II The public lands
were TO be added, The amount would be-
rnised 10 twenty seven and half millions.
And was not that more than enough for an
ecnc c'nical adnlir.iA.---i------7- -
,,n-..- ,ascnroe,s administration, with an
s-..r1thtisu 6l twenty-two millions year, had
paid the national debt; and was il come to
this, that this reform Administration, after
all its promises of retrcnchment, was con-
tent to take the expenditures Of the last
said.lo-he waslclul Administration as the
basis OF its calculation for the next four
years!
Mr.. p had no objection to the principles
Of the bill. Let duty of twelve aud
halfp per cent he imposed upon articles now
free, aud on all articles paying less duty
than 20 pr. cent. This wonld yield 80, l90,-
900. Put The projected articles up 10
twenty per cent. next year. This would
give twelve millions more. Then adds
three millions lor the public lands. and you
would have total Of S2l ,lG0,0 900. And
was not this enough in time Of profound
pcacei Were all the denunciations OF the
last Administration mere humbug! Mr..
=. conlcndcd that the expenses should not
he over eighteen millions. This would
leave a balance Of six millions in the Treas
ury, and that in four years would pay of
the loan.
Nir. J. agreed with Barnard that The bill
was not waning rs measure Of revenue.
WHY. then, produce such universal shock
TO commerce, aud derangc the business OF
The country still more than ii was in 1887!
Why produce convulsion! why no. pre-
fer a gradual process! II, however en-
lirhrcncd merchants who had look TO this
Congress for relief were disposed 10 be sat-
isficd with such bill as this, lei them go
for ii. They can bear it from their mas
| terS.
Here the hour expired. and Mr.. p. re-
sumcd his seat.