Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-04-25
VOL. 36, NO. 32.-yHoLE NO. 1853.

proverlally dear bought : inevitable necessity
dictates this and commercial rapacity aggrayates
IT, Very many articles now daily charged TO
the consumer at least sir Times The price that was
paid to The producer. But this can only take
place TO any extent where the producer and con-
sumner are widely separated frsm each other--u-
sualy 10y oceans or continents. Let us encourage
AMI diversity Home production until every thing
to which our position is genial shall be produced
on our own widespread territory and fertile soil,
and this enormous disparity will cease.
In support of the views here adduced, we NAV
add that even the Free Trade authorities Of Eng
land do not counsel an abandonment of Protection
IN any case analogous to ours. Adam Smith the
great oracle of that faith, expressly approves and
justifies the British Navigation Act which is not
merely exclusively Protective, but aggressively so
and even Mr.. J. Deacon Hume, whose evidence;
before the late Free Trade committee of Parlia-
ment, is 80 widely quoted and so sweeping against
he British Protective system, in that same evil
dence insists that the Free Labor of Jamaica
should not be left to naked competition with the
| annually recruited Slave Labor of Cuba. " con.
ceive says he "that this question is taken entirely
out Of The category of Free Trade" We need not
indulge in any comment
| Your Committee have refrained from pressing
the argument that the multiplying and varying Of
the pursuits of industry in our own Country must
inevitably afford fitting and congenial employment
10 far greater variety OF talents capacities, and
lncnations, than would otherwise lie absorbed in
them, and thus vastly increase the product, wealth
and happiness of the People and that those fab
RIGS OF which the domestic production has been
| tostered by adequate Protective duties have al
ways been afforded at cheaper and cheaper rates,
until they vastly undersod the foreign competitor.
Neither have they taken occasion to show, as they
might easily have done, that many articles which
can be produced here as che0ply even by the dol
| lar standard, as elsewhere, still need moderate
duty on imports to protect them against the 1uctu
ati0n OF European markets, glut in the foreign
production, or the desperate efforts of foreign
rivalry, which understands that by breaking down
our Home Manufacture it may secure to itself a
monopoly of our market for years, and thus re-
ward itself for an outlay of thousands by profit
OF hundreds of thousands Neither have we dwelt
on the importance of preserving the Industry and
Currency of our Country from a degrading and
ruinous dependence on the fluctuations ofthe stock
Exchange of London, the Vaccinations o. n few
commercial capitalists in the dark pureus OF the
Bourse of Paris or the Bank oil England. All
these considerations will doubtless be exhibited in
the Reports Of those Committees to which the re-
Ispectve topics more properly belong. But without
Extending farther our illustration, we would re-
specially submit that the principles of Protection
appear TO those Of true Political Economy, far
seeing Wisdom, and practical Craftsmanship; their
spirit and tendency consistent with universal be-
nevolence and good will and their observance
and enforcement in our legislation and policy es-
sential TO National Independence aud general we'll
being.
All which is respectfully submitted.
HORACE GREELEY,
STANFORD NEWELL,
S. EARL HOWARD,
II. ID. MAXWELL.