Holly Springs gazette., 1842-06-17

equal the current expenditure and The furnishing
large surplus build fos augment the navy and keep
squadrons upon the high has left the country wihou
sufficient to keep government in motion. with
accumuatng det bow amounting than Eleen mil
lions OF dollars II commenced when the country was
prosperous when business fourshng condition. and
thrifty labor reaped It's reward comfortable Subsistence
and increasing substance every business and every
ramcaton OF It Is agnant and feless Ii need up
the discharge Of the national debt when
ederacv states individuals owed but iue TO Europe
The General Govenmen none bat few states any, and in
divduas comparatively nohing-now the General Govern
large unlquiaed amount. the States nearly
20o0000c0 of dollars and individuals that be
approxnated in amount Embarassinen have flowed from
indebtedness Importation from relaxed duties and
ravagance from both.
Demagogues tell tia: tariff laws benefit the large man.
uactuers alone who profit b the other brows
Ifths true might find consolation in the ad-
of the aborng classes for the caaus that have
overwhelmed the capitalists But truth otherwise The
abong classes suffer severely than their EMPLOYERS DO
We would ask what class Of elevated by the
depression Rich have been made poor. but hare
poor men been made poorer? Who has gained then Tho
only persons who have proted those monares who
retiring from the active operations OF the world have huggd
their well suiftd baes with miseily gIp They may
forth, and with general potion OF their spo pur-
chase priGcPaes from the and necessities OF their fell
low
The creates benefactor OF society are those who give en-
poyment and support the largest number of fellow
tureshe least pfasworthy such having
engaging business and developing the
country spend their income foreign debauche anass
IN sasant pools the precious circulation and trade Have
the theories upon which the Government has admin
reduced the elevated
ater9 Have not the resources Of the enerpag been
ed in good works. whilst The hoadd wealth Of the drnne and
the mise have been creased nofdinaiely2
day brings to light And will alssays be found in
pefience that when government is administered with The
intent to DO Injury any class demonstration indus
try aims blow at the whole people and the very persons
sough be elevated upon OF the rich viii be the
first, the seyerest and the longest sufferers.
We are told that the destruction of the tariff will make
things cheap Are convinced that prosperity is
not the necessary eoncoman of cheapne2 Never before
have the of life been so low ebnever could
little coin purchase larger supply Of food--and yet
nave never seen the day when living with diff
Guilty procureG when articles Of pure necessity spar
fDgy purchased The wages OF labor have reduced
equally with the reduction of the commodities which labor
produces. Ii sell shoes fifty per cent discount the Jour
neyman shoemaker work for fifty per cent less wages
and The difference in the loss him. will be greater
difference IN his wages because oflhe accumulation
expenditure. be has smaller modicnm Law up for
rainy day" We Nigh take tbe range of echanicai indus
try and demonstrate the application of this principle And of
the agrcalus the thing may be said The food and
raiment necessary eohe the laboer sugar plantation
are cheap beyond all precedent the planter srash
tened IN ms means than any remembered period The
planter better off, neither grazers he growers
Of wheat any ether Article Of MARKETABLE value Nor can
forecast economy industry remedy the under
stng laws Nhlls practice upon the doctrine of free
trade and other nations practice system as
people, will annually fail behind hand exchanges
pefousy ndviduas whilst mutton they alng
arrears Sooner later the general deficit will work is
way TO individual pockes and continue harras and dis
tress the people until the i removed 5y adequate
remedy. We would close remarks on this part OF the
subject by quoting paragraph from recent letter written
by r. Clay reply addressed BY the whig members
Of the New York Legislature:
Divided mankind hare been and viii contin-
ue to be- into distinct nations is The solemn duty Of each
whilst deals justly and literally Others cautiously
aud seduousy aIyance protect and maintain seper
ate interests 10 attempt egisae for them expect or
permit them egsae for u.s. would be alike vain and i'm
proper.
III view ofths condition Of the world and instruct
ed by lessons Of experience drawn from history tho
practice Of other nations that early led conclusion
favor of the protection ofdoesc industry
try My convictions have acquired ADDITIONAL strength from
every reflection could give the subject and from both past
and xperence in The Uned States Free trade is
beautiful vision existing only the imagination Of plos
piers and theorists and practically repudated BY all
An Indispensable conditions the adoption of BY any
nation. is It's adoption BY all But instead OF regulating their
trade according that heory every where behold
TONS burdens and prohibitions And those that make
the nearest approximation In the east prosperous
state During the last nine years. about oneha OF our i'm
ports have been admitted free Of duty and the other me-
descending scale Of duties has been progress which
is rapidly bringing them down. there any rea
IN the boasul promises Of the parzans trade our
country ought this be the enjoyment of an
envahle prosperity Bn directly the reverse IS ts -rlan