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

der. by the glut, to- siiAe in the cradle those
rising Manufactures in the United States which
the war had forced into existence contrary to
the natural course of things"
Here is disclosed the policy of the British
manufactures, and ofihe British Government.
The natural course Of things" had been dis
iurbcd by the war, ihsomuch that, TO great
and unusual extent, American wants had come
TO be supplied by American skill and industry!
This state of things must not be suffered to
continue and therefore it was deemed swell
WORT while 10 incur a loss upon the first lex
portations, in order, by The glut, 10 stife in tho
Cradle the rising manufactures of the United
States"--that is, to "restore things to their
natural state" by bringing back the United
States 10 their dependence upon q foreign
Power!
The policy Of 1915 is the policy now and
what has been. may again be, IFS result. 1t Is
policy against which 1t is madness IN the
Congress of the United States not TO guard
with unceasing vigilance. Well may British
capitalists afford ut any time 10 sacrifice few
millions to crush our manufactures, that they
may have monopoly of our market. Gladly
would British capitalists and British statesmen
bring US back TO the condition of dependence
described in the early petitions of our manu-
features, 10 which | have referred and if
mistaken cotton.growing councils are TO pre-
vail. and guide the Legislation of this nation,
we shall be thus brought back and held in per-
petua and runious dependence.
But | must proceed with my authorities in
favor ofthe protecting policy. PRESIDENT
MONROE is next in order. There may be
impotence at these full references, but have
set out with determination that the enemies
Of protection shall have the whole. and must
proceed at the hazard of wearying the patience
Of the House.
[Cries of "go on" $50 on''-"gave us the
whole."1
The first expression of President Monroe's
opinions on this subject came to us ia a form
unusually imposing. They are found in his
inaugural address of the 9Th of March, 1877,
the sentiments Of which may well be supposed
10 have been the result of no ordinary delibera-
ton. Having referred 10 various national in.
terests which demand the attention Of the Gov
eminent, he said:
sour manufactures will likewise require the
systematic and fostering care of the Govern
ment. Possessing as We do all the raw ma
tcrIas, the fruit of our own soil and industry,
we ought not 10 depend in the degree We have
done, on supplies from other countries. While
VIC are thus dependent, the sudden event of
war, unsought and unexpected, cannot fail 10
plunge US into the most serious difficulties. 1t
is important, too, that the capital which
nourishes our manufactures should be domes-
tic, as its influence in that case, instead Of ex-
hausting, as it may do, in foreign hands,
would be felt advantageously on agriculture
and every other branch of industry. Equally
important is it to provide at home market for
our raw materials, as, by extending the COM
petition, it will enhance the price and protect
the cultivator against The casualties incident TO
foreign markets."
Let me be INDUCED in few words Of CON-
ment on this remarkable passage. 1t is per-
haps. the best summary of the arguments in
favor of the protecting policy which is any
where to be found within the same compass.
The mind of President Monroe was moi
limited 10 the narrow circle Of The direct and
immediate benefits of protection TO the manu-
features. Ii took wider range, and compre-
hended within its vision the broad horizon
which encircled the whole country with its
varied and complicated and mutually depend
ent interests, in peace and in war. He saw
ahe effect of the protecting policy in providing
a home markSt, not only for the raw materials
employed in our manufactHres-such,fo for ex-
ample, as those ofcottons, woollens, iron, glass,
leather, paper, &c.-butfor the numerous ar
ticles of subsistence. the produce Of our agri
culture, consumed by those engaged direc fly or
indirectly in manufactures thus developing
no IF md nd
ing the competition for their productions, en-
ilancing their value, and protecting the cult.
~ators Of our soil "agains the casultes incident
80 foreign markets" His wise forecast con-
templated especially the "sorious difficulties"
resulting from dependence in these respects
upon other countries in "the sudden event of
war."
To be continued.