The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1842-03-15
MR.. SHADES SPEECH.
CONTINUED.

HO SlChll Vi
capitalists, he was wise enough 10 see how i'm
por,ant il was that the capital which nourished
the manufactures consumed by US should be A
merican rather than foreign that ii should be
employed in giving existence TO manufactures
here, where lis Influence would be felt advanla-
geously on agriculture and every other branch of
industry Instead of producing them in foreign
Countries, and Illus becomihG the instrument Of
exhqustng our resources and paraliZlng our in
GuStIy.
The care which President Monroe would ex-
tend TO the manufactures OF the country, was of
a nature which views so enlarged and Just, of
the protecting policy might BE- expected 10 pro-
duce 1t was not an irregular and transient, but
"a systematic and fostering care "a care which
the magnitude and diversity and enduring i'm
pcrance of the manufacturing AM depending in
terests might well claim, and may still clair. al
the hands of a wise ani just Government.
The policy thus indicated in the inaugural ad
dress of President Monroe, was carried out dur
ing his whole administration. Six Of his eight
annual messages contained explicit, recommeD
darions of the protecting policy 10 the favorable
consideration OF Congress. | will now proceed
TO bring them in their order to the notice of the
House. In his first annual message, of the 81
Of December, 1917, he says:
Our manufactures will require the continued
attention OF Congress. The capital employed in
them is considerable. and the knowledge requr-
ed in the machinery and fabric Of all the most
useful manufactures, is Of grca, value. Their
preservation, which depends on due encourage
ment, is connected with the high interests OF the
nation.
A word, sir upon this paragraph. Here is
new element of national wealth, or, rather. one
which seems never TO enter the minds of The o.
posers of protection. 'The knOUledge required
Ia the machinery and fabric of manufactures is
(said the President) Of great value If know
ledge is power it may be truly said 10 be wealth
also Who can compute the aggregate TO this
natinn of the skill the knowledge which Las been
brought INTO existence by the systematic and fos-
tering care extended TO our manufacturers? TO
say nothing of the machinery moved by water
and steam, look at the machinery Of mind in per-
pciual motion, as a producing power. in the
great department Of manufacturing industry.
What mine of wealth 10 this nation!
But proceed TO the second annual message,
of the l7Ih OF November, ISIS:
The strict execution oil the revenue laws re-
su ting principally from the salutarY provisions
of the act of tie Goth OF April last, amending the
several collection laws, has, il is presumed, Sc
cured 10 mcstic manufactures all the IT lief
thai can be derived frcm the duties which have
been imposed upon foreign merchandise for their
protection. Under the inhut nee of this relirl,
several branches Of this important national inter-
est have assumed greater activity; and although
il is hoped that others will gradually revive, and
ultimately triumph over every obstacle, vet the
expedlency OF granting further protection Is sub
mitted to your consideration
/ pass 10 the third annual message, of the 7th
December, 1919 Having adveried 10 the de-
pressed state of the manufacturing establish
ments, resulting from the pecuniary embarrass
men1s of the country, the President proceeds TO
state:
AN additional cause orthe depression of these
establishments NAV probably be found in the Pc
cuniary embarrassments which have recently af-
fected those countries with which our commerce
has been principally prose- uted. Their manu-
features. for want OF ready and profitable mar
ket at home, have been shipped by the manufac-
turers to the United States, and, in many IN
stances, sold at price below their current value
at the place of manufacture. Although this
practice NAV from its nature, be considered tenn
porary or contingent, il Is not on that account
less injurious in its effects. Uniformity in the
demand and price of an article is highly desra-
BILE 10 The domestic manufacturer. 1t is deemed
OF great importance 10 give encouragement TO
our domestic manufactures. In what manner
the evils adverted TO may he remedied, and how
far il NAV be practicable in other respects 10 al
ford To them further encouragement, paying due
regard TO all the other great Interests OF tie ma
ton. is submitted to the wisdom Of Congress.
Here is an illustration Of the Sitting effect
upon the rising manufactures Of the United
States OF glut Of our market, described by
Lord Brousham, as resulting from the excessive
i pportations of 5-subiecting our manufac-
lures to the danger OF prnsratien, mol only upon
the voluntary determination of British capital
lists to make occasional sacrifice for that purpose
but upon the forced sacrifices produced oy de-
engagements in the monetary affairs oil Inc coun-
t:y. Ill ,,ho, tho
We have now arrived at thr Pe!loa WEI 'I II, |
done on the srh December, 1Sl9-the day
ssi ns rho transmits ion of the message last
ocsod 10 on the motion of Mr.. Little OF Mary
1end The interest OF manufactures had come
80 he regarded by all branches orthe government.