The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-03-25

Fnnesi Ilis not intended 10 make dis.
eriminaiion between France and other
countries. Not one half The silks and
zines imported into ihis county come
from France. and We propose 20 subjsei
them al 70 The same restrieIion. Gen
ilemen have reasoned on the Rro1Bd that
the imposition OF 20 per cent. upon silks
and vines. viii either bring about pro
hibiiory duties on Anericsn e0lisn is
France, or such high eonh,erssiling du-
ties. as will raise The price Of COTTON 30
high in that country, that The people will
not &c able 10 use COTTON fabrics IS ~ ar
iiele or climbing; and thai thus market
for Is millions Of dollars worth Of cotton
annually would be Gu, Of. This Vas The
argument Of The member from South Ca.
rolins. (Mr. Rheti.) Il this argument .
sound onei | learn ina, the duty on Ame-
riesn cotton in France 81 The present lime.
10 nearly ss high a. We propose 10 raise
il here on their silks and aines.s Be-
sides. lhey are compelled 10 take our cot
ton; they cannot get i elsewhere; and
the employment 20 labor, which is afford
ed by the manufacture Of cotton iabrics
in France. 10 100 immense 20 be attempted
10 be destroyed by prohibiiory duties.
And suppose the French Government
should lay sn additional duty Of 20 per
cent. upon American cotton, as gentle.
men seem 20 dresi-what Of ihsll Il
mic hi slightly enhance the price Of the ar
licle 10 the French importer and manufsc-
iurer; but then. very gres. portion Of the
cotton imported into France 10. Is learn.
manufactured into laces and other fabrics
/, Of The most cosily materials; where The
coat Of the raw material forms but We.
~ small item in The value nf ihe fabrics
when ready Tor market. An additional
cost Of 20 per cent. upon the price Of lhs
raw material. could scarcely be seen ia
the price Of the manufactured article.
So that France cannot prohibit our cot
ton without cutting of one Of The main
sources Of employment for her lsbnr. and
throwing loose upon The country thou.
, sands of INDECENT and disconnected arli.
zans. ready to pull down her Govern.
meni and institutions. lf she raises the
duty on our cotton. in an equal ratio with
our imrost upon her silks and wines, il
will only increase the cost 10 the manu-
fsc,urer there. which will hardly be eel
| by the consumer. But the gentleman
from Mississippi (Mr. Thompson) seems
10 think that . couniervslling duty in
France Of 20 per cent. upon our cotton
would have the effeciof bringing down the
price Of the article in the same proportion
He made calculation of the amount o
expor,s,ion from Mississippi. aud The con
s-quent loss that would befali her. H,
says, if her twenty millions Of dollars o
exports are subjec, To duty OF 20 pc
cent, the price Of them in those coun
tries where they are sent, must, in 81
milar ratio. come down. and tina, thu
Mississippi would receive 20 per cent
less Than she otherwise would. 10 ihl
gentleman reasons upon the theory o
separating Mississippi from The rest o
the world, as i. will be recollecied he
did in stating his argument. he must, ID
be consistent, GO still further. aud sup
pose that she trades with some country
exclusively. ,ha, is also separated from
the rest Of the world. if Mississipp
traded with France alone, and France
purchased cotton from no other country
Than Mississippi, then duty Of 20 pei
cent. upon the cotton Of the latter might
to some extent. bring down its price
But the gentleman 10 reasoning upon lalss
premises altogether. In arranging oul
commercial relations, the entire Union
mus, be looked tn as unit. and our le
gislalion should no, be with view TO tn,
aid Of sectional interests, but with |
view Of diffiusing an average Of benefits
and Of burdens, as near as may be. in every
section alike. The gentleman should re-
collect, that not one fifth Of the cotton ex
ported is sent to France. England il III,
grea, cotton market OF the world; the pric,
| in other countries must be regulated by tia
Of Liverpool and London. France mus
paw as much for j, as it 10 worth in Eng
land, or she cannot get il. A tax uPor
our cotton. will be. 10 that extent, a Ia.
upon her own citizens. Butts /, reason
able to suppose tina. France will impos,
the coun.ervailing duties upon our cotton
when she already imposes duty OF abou
IL per cent. upon il. and subjects our 10
bscco to Government monopoly, whicl
lis equal, as | learn. to duty Of l400 pc
cent! My friend from Virginia Mr
Wise) admitted that, taking an averag
lfor the las, ten or twelve. years, The bs
lance OF trade against this country. and il
favor Of France. had been about 10 pc
cent. annually. learn from others VIII
Il are conversant with such subjects. lha,
has been q, leas, 20 per cent. This. %
cording 90 The laws Of trade. has TO b
paid off in specie; aud. TO that extent.
operates az an annual drain upon the sp.
Gle basis Of our currency. As some con
pensa,ion for th,s, We should mako thl
balance Of trade against US conducis
III sThe duty on American cotton in France
Is.s,r 4. M IL,