Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1841-12-21
Total
@47,373,ssS
3,S09,526
443,509,302

Exports OF the above articles $500 500
Consumption in the United States e4a,5o9 1902
Most of the manufactures in the above list of i'm
ports, II will be observed in direct competition
with articles made by our own manufactures and
mechanics More than two-thirds of the above i'm
ports might doubtless be advantageousy manufacture
ed in this country if we had adequate protecting du-
ties About twothirds of all our imports into the
United States consist of luxures and manufactured
articles which should be made here. Thus many
millions are thrown away annually, keeping al
ways in debt to foreign countries.
The following exceen, remarks we find in the Mid
dlebury Peoples Press.
1t may not be known to most of our readers, that
at late fair of the American Institute in the city of
New York convention was held, in which twelve
States were represented which passed resolutions in
favor of reciprocity of trade and protection to Amer
can industry. The meeting denomnated itself the
Home League and adopted Constitution, one of
the provisions of which was, that in each State the
League should form central association to promote
its objects, with auxiliary branches in the principal
towns and countless in which delegates are to be APP
pointed TO attend the annual meeting ofthe parent So
ciety. These proceedings are fast awakening the
! friends OF the true American policy throughout the
country, without regard to sectional preiudces or
party trammes Efforts making in New Y ork
to form State League, having its ramifcations in
every county and town in the State.
1t appears to us that these movements are among
the encouraging signs of the times and commenced
at an suspicious moment, when an arrangement OF
the Tariff is about to engage the earnest attention OF
Congress. No intelligent man can look upon the
downward course of this nation for few years past
without shuddering at the rapid plunge we are max
ing INTO the maestrom of poverty, national bankrupt
cy, and mbccility Nothing is clearer than that the
sole cause of this decadence in affairs is charged
bic to the free trade practice of admitting foreign
manufactures with slender duties while other nation.
insist upon heavy and almost prohbitory impos,Spp
on American productions The language on thei
part is away with your Flour, Tobacco &c; al
we want is your specie And shall we longer tame
ly submit 10 the exactlons of policy which absorb
every thing, and yields up nothing and makes us al
complete vassas TO Britain, as when in a colonia
state she forbid our making hob-nail for fear sh
should not have the profit of manufacturing it for us
balance of trade of S40000,00O, to be ransferre,
to the silk MERGERS of France, or the capitalists o
Manchester, Birmingham or Yorkshire, will a
surely cloihc us in rags, as nation similar
cess OF expenditure over income, would an individu
al 10 pay this enormous balance the North am
West have nothing which they can freely remit t
Europe but their specie, which is flowing in copou
streams the Atlantic by every steamer whic
departs from shores But let the scene be r,
versed. Let this $4,000 900 be retained by fai
protection, in the pockets Of the manufacturers to
again paid out to the farmer for the raw material an
: other products OF Agriculture; let our America
merchants transport the surplus of our looms an
farms to foreign markets upon the footing of reciprt
cal exchange, and should soon be converted fror
the slaves to the Of the world in all that col
Il tributes 10 national wealth and greatness II how
ever, foreign nations continue to deny reciprocit,
II we must protect ourselves by the discriminating dl
ties of which they have set us the example Tn
compromise bill in ls42 will effect reductions grea
CT than in any eight years previous Unless COZ
S sentative policy shall be adopted by the comm
d Congress, we shall soon arrive the last stage
i depression
= The monetary affairs of the country can never
s successfully regulated until the immense drain
= specie, occasioned by the balance of trac
. against us ceases to flow from this country to f.
II rope, Protection alone effect this object
III Banks be sustained only upon Domestic Il
J. dustry and by encouraging it, Congress can
at more to preserve sound currency, than by all II
~ Bank schemes that were ever invented Banks al
- only subsidiary to the business operations Of Il
- tcountTy, and are never the fountains OF wealth
foreign sharpers, who swarm like Locus,s IN OF
principal marts, filling stores and auction room
with their goods and boxing up our specie "a
place 10 American merchants with their domcst
u fabrics, and Bank failures would soon CEASE and
IL mos any scheme for the regulation Of the curren,
"a would succeed Give America protection first, al
ne she Will soon furnish herself with all other aids
her prosperity