Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-05-24

Information wanted on Ills sa'jec', VIC S'' ~ ''
rennrt of Mr. Hume itself. II Is pld'n e:', that, II
ACKNOWLEDGEMENTS were annliiated tomorrow, Europe
an com petition would alone keep do"n me prices inc
truth is that consumption IS small IN comparison
,v,tb the GREAT whole. Our consumption IN ioau, IN
l,d;nr both the domestic aud foreign manufacture ci
-, .os only sis 900 00O while in the same year.
The cxnort of Engand OF that article alone, was LII
go 900 or al "a o0the i, ll!,ooo2i? Our whole
production oil SaG000,0C0 would scarcey DC missed III
The market OF world, and would instantly ue snppeo
BIZ the European manufacturers Inc consumers oil
manufactures IN the United States, however are assured
that, if they will submit only ten years longer 10 Inc
,ny ,mposedb by our system OF high protection, they Will
get the domestic manufacture as cheap as 'ey Ia tue
f,reirn OF the quality now. There would ce!-
,a;nly be much OF comfort in this assurance II we
da 10, k,ow that the same assurance was gwen ten
years ano when the Compromise act was aooped. Dut
do we get them cheap noto as we couiu purchase from
abroad. subject to duty Of 20 per cent ,
On the whole, then, we, ana we presume ai'' ie So
,sed that high protective duties add much to The cost
nc The protected article the consumer; that the time
has now arrived, when continuation OF that system
must reduce the from ImpostS even 10 less
amount than IT is now, or mast CONNIE lh"se IMPOSES
10 articles which, from climate or other cause, we can
no, ourselves produce TO any extent such as ea coee,
smear salt and wines; and that to obtain snicient re-
venue from these, they must be sutJcctea 10 enormous
taxation And further are satsed that, wh'ie all
The great branches of labor and prodnctioh are
mo severely in every quarter OF the Unon-ior, II the
manufacturer cannot realize five per cent on his capi-
tal neither the rice or cotton or sugar Pahtef or
The gran-grower, the gFazier-it wouiu De inc e3
IRENE of injustice subject eighteen States 10 heaVy
burdens for the benefit of the eight remaining And,
further that If we perseyere in the system OF high
protection tea and coffee, and other essentials, no"
admitted free Of duty, mast be SUBJECTED 10 hea'y
,axa,on; and when these fail to afford suhicent IN
come direct taxation must be resorted 10, even IN
,imn of nrofound peace This state 0! our country
would indeed, be the independence oil me oeiesta'
Emoire but Il would be independence oased on i
y;o,,ion of the great of Nature, by which II Is
wisely ordained that, from the very aiVefs,'ieS o.
climate soil and production, nations shall be depend
n ,nsn each other for exchanges Of their respective
commodities II is 10 give facilities to this interchange,
that rivers aow and the ocean spreads out ITS mighty
lghways, and the winds change, and the North star
stands as the guide the mariner. Nature never IN
tended that the great and necessary consumption o.
man should be supplied by hot-house system, whe'
iher that consumption is Of vegetables or OF manuiac
lures
We have shown, in previous part OF tins report ha'
the foreign exports Of the eighteen States and The Ter
ritories IN 1870 amounted TO the sum OF 92ool,oVo,
while that of the remaining eight States amounted
10 SI9,5Sl GOO, amounting IN all, TO ioo''VV"'
OF this last we allow according to the former a2por-
i,nment for consumption, six parts 10 all the Union,
sYcent the eight States named equal 10 sec, 999 GOO
which last amount, deducted from their above foreign
expor,s leaves balance OF trade, IN Their iavol o
SEQ CS2 coo. IL the foreign import, then, mao oeeh
the only import in that year, those eighteen STATES
would have had surplus 10 that amount toreceve IN
snece and exchanges would have been enormously 10
their favor But far from this, the exchanges have
been for wears against them IN Their exchanges WIN
The eight States; and why' Because they purchased
from the eight States, for consumption, that amount OF
COG OS2 coo more than the eight States tons from lhem
and hence it is rarely, fever known that sterling
bill goes from the North to the South or west 10 oe
sold while The greater part OF the sterling exchange OF
the South and West is sent to the North to be solo,
notwithstanding which, exchange Is always ugu'he'
the South and West. Il
With these facts staring US in the face, The loss OF
the trade of the markets Of the eight States held up
as the mighty bugbear to frghien The rest OF he ohon
into system of high protection and we are tauh'eo
with bravado uttered by honest manufacturer I'D
the late great leather convention in Boston, who we
believe was disinterrsted witness before tne com
u;ifee in the following words OF orotherly love-
.J ,,o,Id tell The Southern gentlemen rhat lcc 1ean
s ~ ,sU them ire ,rU hare it," IL he had known
Southern gentlemen, the gentlemen IN Massachu-
setts do he would have known that hs 1caS not the
In making the foregoing estimates, far be i, from US
q, mean n Calculate the value of the Union-that is
calculation which, if the tine should ever come Tor
making IT, is not TO rest upon figures, but upon es'i-
mates of higher and more serious import o'! oDire'
is to srcad before the people the whole SUBJECT % ar
"a NAV be in our power that they may calmly cohsaer
il in lis whole and not in It's partial bearing that ieei'
nns may be reconc,led net excited and That, IN the
midst Of the pecunlary distress when now presses
upon ALL may ,aee together TO consult ior le grea'
ing revenue so essential "for the common benefit ana
general welfare
With these views, we will now proceed ny pre-
missing, what we think no one can deny, 'hat Inc m
crease of domestic manufactures has prevented Inc IN
erase Of the imports Of the foreign manufactures oil Ike
binds IN nroporon to the increase OF population ex
tension Of territory, and necessary increased expend
ture This being admitted, the inquiry presents iise
has this increase cf the domestic manufactures Deen
caused in whole in part, by protective cut'es I'D
Il "A nnntru
such an intelligent and en;erprslng population, ana
where personal liberty and private property are wen
protected and with almost boundless held inviting 10
enterprise manufactures would, as matter OF course,
have grown up aud ilourished, and would nave KEEP,
pace IN lealthiui action With the increasing wealth. ana
opuation of the country far certainly as The article
could have been produced rs cheap al home rs orogn
from abroad So far they would have increased without
protection nor would they have needed IT, ms nealih-
fu action would have been aided ard cherished by the
accidental protection which moderate duties, imposed
Tor the purpose of revenue, would have aifo:ded but
the present alleged distress, il the distress really ex-
sts and probably does IN many cases. proves that
manufactures have gone ic! beyond the healthiui
action referred TO, and that more capital ms been
already invested than be proflaby employed
That this excessive investment has been induced by
hinh protection 70 doubt who Will recall to
mind The ruin caused twenty years ago TO The then
established manufactures, by the new investments ana
competition produced at that time by The increase oil
The duties But why refer 10 past events rs evidence
when at this very moment the manufacturers are urg
ing upon Us, of justice and Of right that, as
they were tempted by high duties engage in the bus
ness, they ought TO be protected by still higher duties
10 save them from ruin We think, then, that 1t can
not be denied that high protective duties heretofore
have caused the necessity for higher protective dn
lies now, 10 secure even, they say, reasonable
profits But here another, and very grave question
presents itself Like produce like Is I'M
der like circumstances. In the present state OF The
civilized world while capital is eagerly seeking eve
nv where for safe investment, at even small profits,
when English manufacturing science and skill, with
English capital, spreading themselves over The
valleys of Switzerland and the mountains of Iyrol,
and lighting their fires on the sides OF the An
des will not hgh protective duties invite again, it
did before, new and extensive competition, both TO.
reign and domestic; and viii not The same distress and
ruin as followed before but more aggravated, because
involving greater numbers, call again for duties still
higher, 10 exclude the very limited competition OF TO