Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-07-25

ureampt OF conflict between the Dill ana tne
compromise act. l re-assert the fact, that the
proposition to suspend the distribution was sus-
TUNED by the votes of 202 members of this House.
perceive look of doubt and surprise on the
counenances of some gentlemen near me- The
lacts are these: In committee, on the 10Th of
June an honorable gentlemen from Mississippi
(Mr. Gwin,) offered amendment TO suspend
the distribution until the LIST Of August, and stated
that, II adopted, all objection to the bill would be
removed.
From The Globe of 1911 June.-"l0lh June;
Mr.. Gwin offered an amendment which he hoped
would be accepted by the Chairman OF the Con-
mitlee of Ways and Means, and put an end 10 the
debate entirely. 1t provided for suspension OF
The law distributing the proceeds of the sales Of
the public lands until the LIST of Augusta
On this amendment the ayes we're S5-all,
believe, Of the administration party; and on the
final vote Of reconsideration of the bill containing
the proyiso Of the Senate, the yeas were l4-a
Wings. Thus, on these TWO votes, the PROPOSE
ton 10 suspend the distribution received POP
votes.
The amendment of the Senate but followed the
lead of that presented in the House, and "A veto
was then threatened to the bill if the amendment
Of the House retained, cannot doubt that
The vote OF the So in the House led to the amend
ment in the Senate; and when it was concUrred
IN by the House, no Wing anticipated veto.-
This is the last measure in which Congress has
accommodated its legislation TO the declared will
of the Executive.
have been somewhat at loss to account for
this change of votes. Important events relating
TO the state of parties, occurred between the first
ard second vote; but whether they have the re.
ation Of cause and effect in reference to that
change, is beyond my knowledge.
Whatever may be our hopes or fears as TO the
manner in which any other branch OF the Gov
eminent will perform its duty, the whole country
demands of their representatives on all questions,
and especially on questions OF revenue to do their
Il 49,, i, th..r
sciences shall deem essential TO the interests Of
their constituents.
come now, Mr. Chairman, to the consdera-
ton of the subject on which obtained the floor
tho protection Of the great interests of wool
and woUllens.
The interests of the wool-grower and The man.
utucurer are inseparably connected. If the
manufacturer is not protected, duties even a
mounting TO prohibition are OF no value to the
woo-growcrs Every farmer understands that
he must have home market, and that the man.
ulucturers alone can furnish that market Tho
the interest is not exactly material in theory, vet
in practice it is nearly The protection 10 the
wool-grower is tax on the manufacturer. But
the opposition that would arise from this, is bal
anced by the fact that if the farmers not pro-
ected they have direct interest, wool.
growers 10 to the manufacturers the pro-
lection that is necessary to them; and hence it
has happened that, from the earliest date of pro-
+ lection, both interests have, they should do,
united cordially in the support of each other.
Their interests being ,hus united, and the pro.
teclion between them being relative, The first
[ question is, which interest shall be made the ba
Sis of protection: In my judgment the wool
growing interest should he the basis. Give IlIe
farmer sufficient protection FIRST and then afford
proper relative protection to the manufacturer
As | have remarked, the manufacturer is always
sure OF the support of the wool grower. Do him
justice first, and he will that they have justice.
In every respect the wool -growing interest is
, the major interest. 1t is now an important in
r teres in twenty States of The Union. There ure
. 2OOOO,0OO sheep. The whole capital employed
r lands included, is not less than 5000 ,0OO.-
. The number OF persons interested exceed Ten
IL. times the number employed in manufactures o.
= all kinds; while the capital employed il wooler
r manufactures is supposed not TO exceed SIG 000
Coo As an erising interest which has grown W
2 under the policy OF your laws, shall it now be
, abandoned
!. But gentlemen may say, il the farmers find
= wool-growing Improbable let them abandon it,
I Change your course of agriculture ; raise stock
hut where, II all are stock rasers, will they find
r II market? They cannot ook abroad. Raise
wheat, they have to meet the same difficulty
T. But theirs is present fixed interest any chang,
II must sacrifice their capital. 1t is their means O
g support; aud what is he Union worth TO thos
r. whose empIoyments aud means of life to b.
broken up and destroyed?
It And now, sir what is the present condition o
+. The woollen Interest? " DOL which forner
II sold for seyenty-f five cents and which was brough
g down In lo4Oto iorty- lone cents, now is in dul
e market al twenty-five cents. From the closes
h. calculations have been able 10 make, fiom nfor
e mallon derived from The most intelligent WOO
i growers, fifty 1.-TWO cents is the lowest rate q
e which II can he raised This rete will give onl,
s six per cent on the capital, without any olhe
e profit whatever And what is the condition O
3 manufactures? Their capital sunk TO one thir,
}. OF ITS cost; every one no, founded on large cap
l. ltal, and every one that has depended on promp
e sales suspended, or are working on shares.
;, Let me not be misunderstood. do not atuib
ute all this 10 the want Of tariff, though tina
n comes in for lis full share. Manufactures have
r fell The pressure of the times heavily as any
o other portion of The community, and throuel
s them Il has necessarily borne upon the wool
(; grower. But under the general pressure, the
g want OF protective tariff, and the want OF faith
lul administration of it, the prostration OF il wa:
e inevitable.
0 From all appearances the currency must take
e care OF itself for three years more. The onI
l. measure OF relief 10 which the country now looks
o Is to protective tariff; and, for one AIN willing
# 10 60 TO this extent: whenever we manufacture OF
>. produce an abundance oi any article, and whert
9 there is no danger of monopoly, would RAISE the
- duties 10 The point of prohibition, and, in lht
= mean time, would foster rising interests,
e would secure the home market for the products
k OF home labor. What is now proposed Sun
II dry bills have been introduced one from TIT
n Committee on Manufactures, proposing that un
g manufactured wool, costing eight cents and under
I. DO admitted free OF duty; on wool, costing owe
O eight cents, specific duty of four cents and q
Y per cent I'D yalorem and on woens forty pc
g cent. ad vaorem-m both cases assessed on
IS foreign valuation. The next came from the Sec
= rotary of The Treasury, and is reported by The
| Committee of Ways and Means In this The dul,
s on wool under eight cents is per cent, on olhe
d wool 80 per cent, and OH woolens 40 per cent oil
a the foreign valuation.
e These bills do net regard The principles of lh'
o compromise, as formerly construed but agree
+ with the recent construction, except as to th'
q valuation. The fourth BILL presented by mem
d Der of the Committee OF Ways and Means, (Mr
s Habersham) proposed horizontal duty of q
per cent. upon a qualified home valuation, bu
4. which has already been disposed Of, ~ only rs