Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-22

I e. - t-.
hos. :a:>f - a' os"'> = ~" - 49, 80
,u..s attached Il s2 eel, ieiaessn2 wiling ""'y
ard .esyce c!iusiaS roaha ite'F he'sc'"'S 80; J.
= n exemplary IL, oiIon and tfti, "ofshpfi@ VI u
him in he same temple, kneehe WIN ,''' o. ~
Altar and With tie motives and hopes, aco''"5
,ha s,,us God Irt these the people III who>e
h.oJs we are informed me No;hern Abolit'onis'
would pace '''e ''''' MA '''' ' 4 CITIZEN.
I..,,,.y - CnrIrsGyArIiyd BcriEs The Janu-
ary number of lnn,'s Merchants Slo"'zine contains
an admirable article upon th,s SUBJECT foi me pc" %
Candy Raguet, one OF the inos' r"''Sn ".' i
erlul champions oil free trade lie speaks |" the pam
,,actica common sense OF his readers in manner $"
clcar and conclusive 10 carry conviction TO tie hnds
Of al VII, have not wluily locked themselves up IN
The dark and solitary cells Of prejudice.
He enumerates fonr classes ~ persons VINO a'fo-
,, In. resiric,ive system. Three Of these classes
are however too iuc,ns.dsraale III numbers, and To"
p,pabY wrong 10 Justify any one IN spending time 10
reason with them. Tie fourth class embraces Inc grsa
mass Of the friends of the system lney peie'e lha'
The principlrs o free trade are right and true IN the aD
stract but that is injurious to country TO adopt
them unless other nations with which she has CONNER
cal intercourse adopt them also In other words, hey
believe that America ought to levy cou;tcIEaih1 da-
ties pom the products OF those countries That place
high duties upon her products 10 lis c'dss 'hs WI
ter addresses himself.
lie holds that If ninety nine out OF hundred na-
tons adopt the restrictive system, It IS The true policy
of Tie remaining nation 10 adhere 10 Tue principles
Of free trade To illustrate this position he takes Tie
trade between the United States and Buenos Ayfes
Both these agricultural, ana bot can faise
MI the grain and Cattle that they want for their own
consunloon Eat commercial sagacy aud enterprise
soon discovered that each nj these countries has pecu
liar advantages the other, IN regard to some par'
cuar hrauc! Of agriculture, which would make II most
profitable for eaci tn devote l.Sei! exclusively, Is re-
CARDS their interchange 81 Prcducts 10 i'i particular
/ branch N which II has t.c advantage The farmers
Of the United States find Il for lher interest 10 RAISE
Nheot instead oi cattle, t. export 10 buenos Ayres;
willis, the farmers of the latter find 10 their n'c-esi
10 raise cattle fn! their hides, 10 export 10 The United
States instead oil wheat. b. this DIVISION ii employ
mems the frne. Of the United states gets more hoes
from he cultivation of his lands han he would u ne
raised cattle instead Of whea;-whis! The farmer II
3ucu"s Asr"s gels more hou. Than he ceuld !! re
\ raised wheat instead Of cattle.
| $, long Us the trade between the t%o countries re-
NAMED free aud unrestricted, their commerce would
experience lis largest development And under ,hs
freedom Of trade, lei suppose that the farmers Of te
u. s found annually demand in Euenos Ayres for
hundred thousand barrels Of -four, and thu; the far
mers Of Buenos ayres should fad demand III The L.
: for three hundred thousand ldes-the two colnmo-
des being supposed 10 be equivalent 10 each other N
that proportion and Inc exchange alorda " eac par
Is the usual profits Of trade.
Then let suppose that Buenos Ayfcs, 10 cncour-
age and benefit her wheatgFowcrs, or 10 aisc revenue,
should impose duty Of twenty per cent uron tie
flour cf the U. s, what would be tnr consequences
First a rise III the price oil flour at Bnenos ayres, To-
rern well domestic after the lapse o i''ie tine.
If mol Immediately, To extent cqnal 10 the duty
Second, diminished demand for the .'nnr Of the Y.
S, owing To the augmented price. Third, rs ncces-
sary consequence Of the last diminished demand IN
the L. = for the hides Of Buenos tyres. FOURTH the
rise in the price OF bread stuis wou restrict the peo-
pe IN the consumption not Only Of That af.icc but Of
other things.
The effect Of ali this would be T. inhc an injury
both upon the growers OF cattle IN Buenos ayres ana
the growers Of whca, III Tie United States by restrict
ing the markc, Of each The aggregate product Of the
land IN both countries would be diminished and the IN
comes fbo:h people would he lessened.
Now let suppose that for the purpose OF chlstiSlng
Buenos Ayres for thus interfering with the natural
course Of production and exchanges, nurng trade IN
general and our whea growers in laftcu ar tn
United States should levy countervalas Tctaatory
duty Of twenty per cent upon the hiGcs OF Buenos
Ayres what would be the effect: Precisely the same
the other Casa rise in the price oil ides ana lea
tber and of course diminished demand Tor them mere
"a further diminished demand for wheat at Buenos
Ayres-anoher blow at the trade of the two countries
"a further dmlnution Of their products-and mutual
injury extending beyond the amount OF the duty
levied.
Iii thus shown that the country which leves coun-
teryalinr duties always loses instead Of gaining hy tie
oueraon 1t Injuries lis rival but Injuries itself more
The argument is carried out by Mr. Racquet with de-
tails and illustrations, for which we have no room
We have barely been able 10 glance al his leading
points. lie aptly concludes his parallel between the
two countries BY saying that the game they hive
been playing precisely the same as that which
would take place if had cut of one OF his
own fingers, and in the act of so dong had acct
dentay cut off from the hand Of another per.
son. and the other person by way Of retaliation should
cut off second finger from each Of the wounded
handsome from his and one from that OF his an
tagonst. And every repetition of The folly of counter
va,lng duties by either party wonld only have tie e.
feet Of cutting off some more Of their own fingers
And how then would stand the account between The
parties, Why, they wouId look at each other Ike
couple Of crippled IDIOTS for having, BY their o::n ac's
crippled their prosperity and retarded their ad-
vancemenl in wealth, by compelling each other to d.
vert the land ard labor OF their respective farmers from
the most profitable branches Of business 10 which they
could he applied 10 pursuits Of less profitable character
that s, pursuits which tlcy never would have cnga-
ged in under the system Of free trade
The article 10 which we have alluded contains great
many other sound and valuable views upon THIS sub
| ject, which We have not space TO present to-day
/ f.N,m York sun.