The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1842-02-15

Aa.ar ts .rsas af Eas..h 0e~,by the last
r.ta.. uaft.e .as t.lIaefs4
Large ,asustsa ef goods are bsiag shipped
fasa t.ref ,a' rf fhs aited States
o. saf svs asratar issraa's soc ths fac, stated
shsf slfes '-.s rraih af Ori..lsr
M.rs % le fFfsa niIfioas # spseis have been
shlFrst e. e iHs iultsd States lprins'Pally from
New ORA ta iafops
AID ths lsri rrsisfatsd from one extremity Of
lisc uus,au b. ths o.bsr that We ATE indebted TO
Grsal Brss1u tn ths sun u Trg Hundred Millions
add spvz A. Auo.her fact Is we'll understood
Almost az osr smaller aud many Of our larger
wooden fetsnes, have been obliged TO stop. Many
or them vlth ios, Of the entire capital invested
The factory villages which have been springing
up on slp,osi every mill site in New England, and
furnishing home market for the produce of our
farms, ar, now very generally wearing tho appear.
ance Of desoia,ion. No new works going into
operation and the machinery of those but lately
built are advertised for sale. Our markets dull
aud prices Of almost every kind Of produce depre-
ciiaed. The many thousands who under our for.
mcr Tariff regulations, were proftaby employed
in difrerc nj xmas Of manufactures, and thus
consumers orpg,icu,ural products have been driv-
en- 10 be -ome themselves producers. Low prices
and dull markets are the necessary consequences
ing the Ports Of England as we'll as every specie s
of our manufactures, while undcc 'free trade
system England is pouring INTO ou markets abun,
dainty ne products Of her pauper labor, and thus
through our own folly, American labor and Amer
can enterprise are crippled.
We re like the man who is living beyond his
income. Our imports exceed our exports Our
foreign debt is daily aocnmulatng Already are
] LII ,ha a0aHt IN far,
eisn capitalists Almost our only available mean:
for re rnitance the products of slave labor, anc
this wholly insufficient counlerbalanco our i'm
mensn imporlations. The excess must be paid blu
how? When is the present drain OF specie to b'
! s,oppsd' Can we hope for revival of trade, o
any improvements in the prices of the products o
our labor while the suicidal policy of Stree trade,
falsely so called, prevails in our national counses
Is It not time that the American public shoul'
he awake to an examination ofthis subject? Her
is nc sophisuy. No fine spun theory which cal
DO made 10 show a fair face on both sides. Th
naked fact siares us In the face that American la
Dor is being crippled, and American enterprise an
American interests are being sacrificed at tn
shrin ne Of British monopoly. Every citizen who
capable Misunderstanding that twice two make fou
can calculate the certain consequences ofour pres
enl system Of imports
let the facts above stated be kept in mind an
ola ccd before the community.
IFI5 millions of specie shipped to Europe with
in the last four months.
e UF2OO millions of dollars due to Foreig
y capitalists.
uFLarge quantities of goods being shipped fro'
Liverpool to the United States
n IJ-The products of American labor in effect e'
n ciuded from English Ports by high imposts.
~ British manufactures under our low rates
d impost encouraged, and
III IFOur impor tations annually exceeding oil
q IpOrts.
n When will these things end Z +.