Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-31

,urbed, prices unsettled, and the course Of bu
sinoss interrupted This must continue with moro
OF less intensity, so long the admission OF foreign
merchandise, under reducing rates Of duty calls Tor
the shipment of SPECIE in the payment OF balances
Eighth. The commercial regulations Of tho lead.
Ing nations OF Europe show that, however true the
| theory OF Tree trade may appear in argument, they
nre unwilling 10 adopt It as the basis of state po,
cy; on the contrary, that home supply Of ali the
principal articles Of consumption, and steadness
of prices created by such supply, eoun,erbalancos
all the advantages arising from allowing full scope
snd unrcc unted action in the enterprise of indiyid
uals. The British have pursued this policy under
all Administrations, only modified in cases of hi,h
| necessity, and when modined, accompa MED with
the effort To introduce substitute by encouraging
OF establishing the production in some section OF
| thor vas; dominons.
RESOLUTIONS
Resolved That the home production Of iron, and
the manufacture of It In its variou, branches dc.
serves tho fostering care Of Government; that many
descriptions of manufactured iron are largely re.
CURED by the Government itself especially in n
state OF threatened or actual hostility.
Rfso!red, That the rich contiguous beds of iron
ore coal ana huNes, IN various parts u States
to be rendered extensively available, cequire legs-
lative d.
Rssoirea, That the business of menuC,ctur;r,
iron, requires a combination of large investments in
constructing suitable works, practical experience
and, ms far as possible, uniform prices with mode
rate profits; that IN this, in other articles of ex
'onsNe use, cheapness essentially depends upon sc
curing, through large expenditures the greatest IA
cillIeS IN every department OF the trade fom min.
log, until the iron actually enters into consump,ion
ana we believe that the interests OF every section Of
the country require n protection on this branch of
industry, equal TO that which arose under the
compromise act during the year 1889. ard that u,
ra'e OF duties below those imposed IN 1889 must en-
unSer most OF the cNisIing Establishments, and cf-
fectuny prevent their further cNtcns on
ReSolrtd, That although the present priccs Of
Cnsitsn iron are, believe attended
temporary loss To the manufacturers vet such oss
WI be more than compensated Ivy advanced pric,s
10 follow The suspension of the manufacturer OF iron
IN the United States, end that the nterss, of IN.
consumer will I've secured 10y sustaining, this d,n,r,
mcnt of American lahor ~'
RsSofr,d, That We view with anxiety and alarm
the Efforts made To convert all matters rorp,r,.j
with dsvelopemcnt oflhe resources OF he country
into party questions; that in land where the boun
ties OF Providence n We been distributed with un-
equaIei TralusOn, nothing rruIJCd but In, mid If
thc government directed 10y wisdom and ur,rHu.
enced 10y party politics, 20 secure 10 the American
people Their full enjoyment.
Rssclred. That The pr,nciple; Of Fr,. I',ol. .,
DC tue must nc general not partial M their opera.
l'oh; tl1t closed ports or high duties on the E.s
tern and open ports, aud logy duties on the Yves
tern shores Ot the Atlantic are destructive 10 ou
national Interests; that so long rs American j,l,,
IS uenied The night ot scniIng to the markets Of the
world the products OF the soil ercert under runous
S""'Ses' II - entitled 10 CLAIM iSom its own Gov.
'thWeht lhat protection which is derived from
counietvaiiIng duties and restrictions.
heScped, That a suiiicIcn. portion OF gold and
'Ver com Tor the purposes OF Internal tsade can
'hy oe preserved by preventing the excessive in.
porhtohs 81 foreign merchandise; lhtl while our !
sr'in anu bread SiUts, our provisions and tobacco
vic charged with pTohibory duties IN the markets !
d Europe, and the precious metals are withdrawn
u payment To foreign manufactures, that our cur.
thcy viii continue deranged, and labor Ice deprly-
III ot adequate compensation.
heS0tred, That the iron masters and manufac- |
utees IN her pirtss the United States bc request
~ l" take early measures and to Cooperate by De
i'ionS 10 Congress, TO produce the favorable con |
'ueratlon Of the policy herein recommended
hes'pe1, That corresponding Committee of |
me disappointed by the Chair, with power TO add |
. their number, OF which three shall be n quorum |
whose DUTY II shall toe, TO collect in0rmatIln Tea.
i've TO the present condition of the iron trade to be
uOmiueo 20 Congress, setting forth as accurately 1
Is possible IN detail, all such fIcts and evidence ms
nay throw light upon the subject; and in collecting
uch information that the attention of said committee
'e directed to the amount OF the consumption as !
: ell rs oi the production Of rou in the different
States of the Union.
II shall also be the duty of said committee tn cor
esponu WIN other sections ol the United States |
WIN me view OF obtaining and communicating in |
oratoh relative TO the prcsCn; condition of the iron
race, and OF procuring their cooperation in an ap
,IcAton 10 Congress TO revise the tariff laws so
nat the duties on iron shall no, be below those |
men were imposed during the year 1889.
JAMES BOORMAN, Chairman.
n. Caswel, Secretary.
The Chairman appointed Corresponding Com
nittee, consisting OF:
=, VIM. II Townsend, OF firm of Townsend & !
Brothers. N. Y.
Daniel Ayres, of firm OF Boorman, Johnston, |
Ayres & Co. Ny
Mn Stanley, of firm of NJ N Stanley & Co. {"
~ w Wetmore, oil hrm OF WetmoTe * Co
; L TIsdale, of firm of S L Tisdale & Co.
Snml I Cary, Of firm of Cary x Co.
Nicholas Saltus, OF firm of s altus & Co
John Townsend, Albany.
F Winsow, Troy.