Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-05-10

:, :, my dSeHCy IN M,
them shall survive me, are and wilsal,urlng
most competent and impartial ~ De the
them and of me. But you have 'pses of
trbuied to me genuine Ampric.lUly at.
IN whatever concern have had II sptt
affairs and especially in referee y public
great system Of National policy ' 'oa
Divided as mankind a re- eve.
and will continue to be, into dis,;ne. ven
TONS, IT IS The solemn duty ofeocbl each "a O.
1t deals justly and literally iowa ~. "n2
Others Constantly and seduIonsIu - ea'a
vance, protect and maintain - % ad'
arate Interests. To attemn, = U"u sep
or 10 expect or permit them 10 IsS; sIaio
Tor u.s. would be alike vain and ;, ,os,sla's
II was a view Of this cond,;o alPaCPef'
world and instructed BY lesgon ',O ~ VI Inc
renee drawn from its history, and APE e.
practice of other nations, that as anu me
me 10 conclusion in favor &c ,h eo.ii led
Gon OF the Domestic Industry oSopp ,Ooec-
Countrv. My convictions have eco, 4"1
ADDITIONAL strength, from every reaac,;oa
could give the subject, and from I bo,L
past and present experience in the TrD;,oJ
otates.-Free trade is beautiful v; s;,oa
existing only in the imagination of nb;Ioa
oP5ers and theorists, and practically ~
Pudlated by all nations. An ndisDepssbi,
condition to the adoption of it. BY anv
one Nation, is its adoption by all r.,
instead of regulating their trade ncca,J
ing 10 that theory, We every wbe,e beboIi
restrictions, burdens and probibitioDaa
And those patlOns which make the ne.T
est approximation to il ale in the Ie,..
prosperous state. During the last Mn
years, about one halfof our imports has.
been admitted free ofduty, and as OH
other moiety, descending scale Of ufs.
has been in progress, which is now ,ani5
Fly bringing them down. Ifthere wasanv
reality in the boa tfuI promises oftbe ~;
tisans of free trade, our country ought =,
this moment, 10 be in the enjoyment ofan
envlable prosperity. But directly the re.
verse is its melancholy condition. Never
were the products Of Agriculture selling
at more discouraging prices; and the great
Southern staple of cotton, which was 10
have been SO highly benefited BY a redu:
ton of duties, is now sold al price less
than it has commanded at any time since
the last war with Great Britain.
Nothing can be more erroneous than 70
suppose the existence of any rell,incom.
patible between the interests of Agricul.
ture, Commerce and Manufactures. A
conflict between them would be lust as
unnatural and absurd, as between the
members of the human body. Each pros.
pers most when all of them flourish. AZ.
ricultu-e requires but little protection, be-
cause its position secures it against much
foreign competition; or rather, protection
to Commerce and Manufactures is the
best form of affjrding projection to Ayr.
culture.
Without a diversity in the occupa-
tons Of society, if all are engaged in
one ommon pursuit, there can be no
subjects produced for mutual domestic
exchange; and consequently no Home
market, by far the best, most steady
in War and Peace, and most valuable
of all markets.
We shall not, | fear, raise from our
present embarrassed condition until We
produce, within our own country, more
Of the supplies necessary to consump-
lion, and depend less upon Foreigu
Countries. Until that object is &C
vUuIPffsueu, we snail be constantly ex-
pose TO an exhausling drain of the pre-
cious metals, and to sudden alienation:
of delusive prosperity and realadversily
One Of the obvious modes Of accom-
plishing that object is the regulation
Of our Foreign trade by means Of
properly adjusted Tariff, slimulalin
produce at home and diminishing i'm
portation from abroad. And all exper
fence has shown that on whatever objec
our Manufacturing industry has bee
successfully employed, its price TO th
consumer has been almost invariab
reduced. This is the necessary efeC
of the law OF competition.
The question is sometimes asks
how the Manufactures can be benet
ted by an increase Of duties, ifths efe,
be TO reduce price? The answer is
that he is benefited by obtaining pO;
session Of a greater extent of HON
market, and by the greater steadines
which prevails in it. Whilst the fol
eign producer, in order to share an
part of that market, is obliged first
submit TO reduction in the price {
its commodity equivalent to the duty
and his commodity is finally exclude
from the marker by the oppe ration
the principle of domestic competition
Fortunately for the harmony 9th
formerly agitated and exasPerat
ed parties, the actual wants OF tn,
Treasury now requires a Tart
which, while it supplies Necessary
revenue, may be so arranged as L
afford incidental protection 10 Man
ulacturers without different parts TIT
Union, and without the danger O.
reviving topics which any material de-
parture from the principles ofthe com
promise act. The opponents oil
protective policy have never cOntIO
verted the right of Government to CIV
such incidental protection; and tn
friends of that policy, thinking TO ID
substance rather than the name OF thing