Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-05-14

the American planter?
: 4. Is there no danger Of the Eas, India cot,n
supplanting the American in markets, unles
our cotton Is protected beyond 3 cents 10 III
pound, Cess the nd valorem reduction.) at whic
II now stands: and is IL not important 10 tn
American planter secure the home marke
against India cotton, either in the raw or manu-
featured state?
5. How can the home marke, be secure while
we deny tho power veil as the expedency o
protection. or. what is the thing, of coun ter
acting British restrictions?
=. Can tho American producer of tobacco
wheat, rye. rice, corn. sugar, pork, beef, lead
md other articles which are now excluded, o
nearly SO, from the markets of Great Britain con
'inue TO buy and consume British articles. 10
featured by British workmen. led en- BRUSH flour
beef, and pork, and pay for them in money!
7. Must not this policy always keep the bal
ance of trade largely against us. and draw from
US the money of the country to paw to foreigners
tor their labor and produce in the shape of man
uiactured articess
F These are practical questions for the Senate
and the country to consider. | should make n
1oume instead Of a speech were To argue the EN-
at length. will, however, risk tho remark that
IN less than FIVE years there will be less diversity
of opinion in this country than there has
been before on this subject, and tina, the mos.
gent Tor counteraction or protection will be The
cotton interest OF the South
made similar remark the other day, in the
presence of a distinguished Senator from The
South; his reply was, .'then you will BIO against
II, for your interest and ours is not the same
This is tho popular error Of the South, at least
OF portion OF II, or | am grossly mistaken, for
may safely affirm that there is not country
the face Q! the giobe where the different inter
ess are so dependent upon, and useful TO, each
other they arc 10 the United States. IL really
seems that Natures God had destined this great
nation to remain forever ono in interest, one IN
principle, and in glory; the climate, the soil,
the products, in word, the interest of the Whole,
and the interest Of the parts, all point to the same
great vital principle Union, now and forever
The South and Southwest, from climat e and soil,
especially adapted to the culture of cotton,
rice, tobacco, and indigo, and the manufacture Of
sugar and moIasses from the cane; these products
viii always be demanded for the consumption of
the other sections OF The Union. The Middle
States abound in mineral wealth, which they
prepared 10 manufacture in sufficient quantities
10 supply the consumption OF the whole Union.
The East and North have the power, the capital,
and the manufacturing skill to prepare the
staple of the South, we'll as the wool Of the
other sections, for the Of the whole; while
the West, the fertile West, can furnish sufficient
supply Of -four, corn, beef, and pork, to feed all
the operatives of the Eastern, Northern, and Mid
die States, as all tho planters of the South and
Southwest The East may bear the same rela-
ton 10 the South 10 interest that the island Of
England does TO the Eas, Indies in the manufac-
ture OF their great staple the homo market will
be furnished for the products OF each section of
the Union.
Sir, maintain the consti.u,ionaity well
the expediency OF counteracting foreign restric-
tons. a, least 50 far may be necessary to fur
nish ample revenue for tho economical admins
traton Of the Government. l concur IN the opin-
ION expressed by Mr.. Jefferson: "Where a ma
ton imposes high duties productions,
prohibits them altogether, It may be proper for
TO do the same by thers-first burdening or ex-
GLIDING those productions which they bring here
IN competition with our own Of the same kind So
lectlDg next such manufactures as we take from
them 10 Creates, quantity, and which, at the same
time, we could soonest furnish ourselves" When
other Governments shall say free trade IN good
faith not IN single article, bot IN the great sta
Piles and products of all the States, ii will be a
question whether we shall not meet them upon
their own terms; but this free trade in our ports
and prohibitions and restrictions IN foreign ports
is policy so Just, as we'll hostile TO our
interest, that shoald suppose II would find few
friends IN this country. Shall We look TO The ef-
feels upon the nation of the two systems Of poll
Cyl Under q sound Currency and sufficient ia
riff, protecting American industry, paid the |
debt Of the late war, augmented by that Of the |
war with Great Britain; presen ed
the g orIous spectacle of nation free from debt;
a Treasury sufficient to answer all its purposes;
and prosperous and happy People This policy
was condemned other councils prevailed: and
what have been the consequences? An empty
Treasury, new national debt, the People embar I
many Of the States insoyenf the banks +
and currency IN the mos. lameniabe condition.
and the produce of the country without a market,
and almost without price. These facts before
U.s. shall we not look in vain for the interest that
has been benefited by the change of policv'-
Where il entempla,ed? In the Sou,hs 1t
was said ihat the cotton planter 10 be bene-
flied; and has such been the case? Let that in
,eresi answe. and saw. whether the price of their
great staple is not, at this moment lower IN Liv>
erpoo than II was under the tariff Of ls2s -the /
act which produced 50 much excited IN the South.
understand such to be the Mr.. BATES
and other Senators at this point, asked Mr.. SMITH
10 give away for a motion TO adjorrn. and conclude
his remarks on the mex, day. Mr.. S. having spo-
oyer " hours. hit be declined. preferrIng