The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1842-03-08

ms surplus prOduce, and what IS OF almost equal
consequence, certain and cheap supply Of all his
wants. His prosperity viii diffuse itself too very
! class of the community"
| Having described the effect of war upon our
industry and currency, its Obstructions to the ex-
poriation of our bulky articles, while demand
would continue for foreign articles, to be supplies
through the policy of the enemy or unlawful
| trafic-resultlng in drain Of our specie TO pay
the balance perpetuaiiy accommodating against US,
this process Is now going on in time OF peace j
he proceeded TO say:
"To this distressing state OF things there are
two remedies, and only two: one in our power
Immediately, the other requiring much time and
exeItion; but both constituting, In his opinion,
the essential policy of this country. He meant
the nary and domestic manufactures. BY the
former we could open the way to our markets;
by the latter zee bring them from beyond the ocean,
and naturalist them in Oiu olcn SOIL"
Having spoken of the effect of the war in
giving existence 10 manufactures, and in bring
ing them TO some degree of ma uriIy, he said:
''But it will no doubr be said, if they are so far
established, and if The situation OF the country Is
favorable to their growth, where is the necessity
Of aff'rding them protection IL IS TO put them
beyond The reach Of contingenee."
Mr.. Calhoun gave the following conclusive
reply TO an objection against manufactures which
has been urged in this debate:
manufactures are the fruitful cause OF pauperlsm;
and England has been referred TO as furnishing
conclusive evidence OF the fact. For his part,
he could conceive no such tendency in them, but
the exact cnntrary, as they furnish ne,u stimuli 10
industry and means of subsistence 10 the laboring
classes of The commuaiLy We ought not (said
Mr.. c. to look TO the cotton and woolen rstab-
lishmenls of Great Britain for the prodigious
number of poor with which her population is dis
0rocad C,uSpS much moro effriput eyi Her
poor laws and statutes regulating the price OF
labor, with her heavy taxes, are the real causes
Abiding to the objection, that tie relation be-
tween capital and manufacturing labor produced
a state Of dependence on the pant ol the employed,
he replied, that
He did not think it a decisive objection 10
the system, especially when it had incidental
political advantages which in his opinion, were
more than counterpoise to it, IL produced at
interest strictly american. much so as Ggricul-
lure In this it had the decided advantage of
commerce or navigation. Again, said MIR. c.,
i; is calculated to bind toge her more closely our
widely. spread republic II will greatly increase
our mutual dependence and intercourse, and will
as necessary consequence, excite an increased
attention to internal improvements subject
every way intimately connected with the ultimate
attainment of national strength and the .perftc-
lion of political institutions. He regarded
the fact that it would make the parts adhere more
closely, that it juld form new and most
powerful cement, as far outweghing any political
objections that might be urged against the
system"
Here we have the I" american System,' IN its
full height, and depth, and length, and breadth,
maintained by John c. Calhoun, of South Caro-
lima. The inquiry, why Mr. Calhoun and South
Carolina nolc desire To abandon, utterly, sys-
ten Of prote ton which they once labored 10
establish, and at a sacrifice Of interests justly
claiming al their hands parental care and protec-
ton, is ,corthy of Craze consideration.
turn from this DEPRESSION, and proceed TO Mr..
Madison's last official message of the Sd of De-
cember, 1916; in which he says:
"Amidst the advantages which have succeed
ed the peace of Europe and that OF The United
States with Great Britain, in a general InvIgora-
ton OF industry among u.s. and in the eXtenSIun
of commerce, the value Of which is more and
disclosing itself to commercial nations, it is
to be regretted that depression is experienced
by particular branches of our manufactures and
by portion of onr navigation. As the first pro-
c"eds, in essential degree for an excess oil i'm
ported merchandise. which carries check in
its own tendency The cause, at lis present extent
cannot be of very long duration. The evI will
not, however, be viewed by Congress without
recollection that manufacturing establishments,
j suffered TO sink too low, or anguish loo long,
may not reuiue after the causes shall hare ceased,
and that, in the vicissiudes OF human affairs,
situations may recur in which dependence on
foieign sources for indispensable supplies may be
among the most serious cmbarrassments."
A suggestion is here made by MI. Madison,
OF great practical importance at the present
moment. 1t is. that manufacturing establish
ments, if suffered TO sink too low. or languish
too long, may not revive after the cause shall
have ceased" He deemed the manufacturing
into Of INN
vital TO the country TO be lightly subjected TO
such a hazard. Let the present Congress,
then, inquire whether the last and great re-
ductioE of duties under the compromise law"
on the LIST Of July next, will not place some, at
least, of the branches Of our manufactures in
the predicament described by Mr.. Madison.
Being dead, he yet speaks and it may be
hoped that he will not speak to US in vain.
Mr.. Madison's allusion 10 the effect of The
excessive importation of merchandise upon
the termination ofthe war, brings to mind an
important fact in connection with that lmPor-
tation.
The imports Of 1915 amounted TO S1l3,-
000,000.* The exports we're but S52,OOO,OOO.
The disastrous effects ofthis excessive impor-
tation and great bal ance against US are mat
tcrs OF history familiar TO all. There was One
cause connected with these results which has
an important bearing on the great question. |
find il disclosed in speech of Lord Broughan
in the British Parlimenf. Having described
The effect of the peace of 1914, which opened
continental Europe to British manufactures,
and produced excessive explorations in that
direction, he said:
"The peace of America has produced some
what of a similar effect, though am very far
from placing the vast exports which 1t occa-
stoned upon the same footing with those 10 the
European market the year before, both because
the A mericnns will nav. which The