The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-04-12
From the N. Y, Journal Of Commerce.
If TRJIE policy OF THE NORTH

The first Il ing which is wanted by great and
busy people is stability. II Is of less Importance what
the laws are, than that they should not be sub
ject TO frequent changes. The whole country adopts
The opinion thai the revenue necessary for the support
Of government under economical admlnistr alton,
ought to be raised by duties goods Imported from
foreign countries. Nobody disputes the power OF
Congress to create Tariff for this purpose. These
duties il is generally admitted must be made as high
as twenty five per cent at least upon all merchandise
except material for manufacturing. lils rate,
with the other expenses Of ior ign trade would give
our own manufactures an advantage over foreigners
in supplying our own market OF at least thirty Three
and third per cent, one-thlrd the original COST
So that if our countymen can produce callcoes at
eight cents yard as good can be bought abroad
fol- SIX and broadccthes at four dollars yard as good
can be purchased abroad at three dollars yard,
they will be able to sustain themselves in the compe-
ttion. So much protection as this, our manufacturers
may enjoy with the acqulescence of the whole coun-
try and without the fear that the principles of the
ariff will be disturbed by Free Trade or the plant
ing interests.
The second great requisite is cheap raw material. =
1t is but limited view which takes IN the home mar
ket only. Tie ultimate Obj ct should be- successful
com ellon with other natons IN the open markets
OF the world. This only lie accomplished by men
who have ra material cheap as is to be had any
where Americans have already carried their manu-
fac uring industry to such extent, that in many ar
tic es the supply OF foreign markets Is necessary to re-
liCve our own L MS mas Ocen the case Win co'toh
fabrics for wears. Canton, South America, and
other pats OF the world have often relieved over
loaded store houses The supply of foreign mareet'
i, quite essential as a regulator OF our own II the
laws are 50 made as to shut our manuidc urers In
The supply of our own market alone, the fluctuations
IN price i'll be much greater than it they SO shaped
as that extravagantly ugh prices will be checked by
imp rtalons OF foreign goods, and exfavaganlly low
pr ccs by the expectation of our own. Americans
uuve succeeded much better than the people OF any
other country in ai uacutlng, as they have IN he'T
- b.r pursuus VI posse S The elements OF a urea,
manufacturing natl n We have industry, enter
urse ingenuity, liue ty, cheap food and light taxes
w nh or without pioccllon, We ~ succeeds, IN Oul
enterprises, aud borne off The victory IN hard comp
,llo and yet 1t scarcely tn rly years since manulac
tuiinu u on large scale was commenced In our
country / he men are not ycs gray-headtd who re-
COLI ct when the cotton gin was inven'ed by Whit
new and who saw he daughters OF the Pilgrim card
wool and cotton on then Knees, and spin them IN sin-
,le threads u,mn great wheel Az the rae Vt Tue
n,s, w at viii be the position of the Unred States
Inc ose f tue present century
s., far as our acquaintance goes, the manu- cturcIs
in yenerai ale awate Their position, aud dcst ny
Ahn,h is before the Interest wit which they con
meet d.. Their IS IN rgard 10 government pro-
lection are OF a veay moderate character They have
seen SO much niscuet resulting from reckless ho G
competition, and have come place much reliance
upon themselves that they desire less protection
from Government than tue Iurual of Commerce ad-
vocal ed in 1880, though we were hen counted the
enc MES of manufactures on account OF our modera-
ion In their present moderated views there is a
yery extensive concurrence. We trust, therefore,
mai WE are not t. have second tariff war however
much mere politicians may desire it but that sensi-
HE and literal aen, the difference which exists
a,nonr US respecting the details of tariff will be adj
usted as becomes the citizens of great and prosper.
Gus Union.