Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-01-24

tute have been called abroad to supsrin,epd the
PuiIding OF inventions, the offspring of their own
minds and which will long stand us monuments
OF American skill.
Having, perhaps hereafter no better onnor,pni
~ to express the deep obligations which the l.
meflcon institute feels under to the u s. Naval
officers on this station, will improve tby saving
that we should be most happy to reciprocate and
have looked about us for the means of 70 doing
we can ony oHer YOU gentlemen, in return
struments winch are now before YOU, ,nanufnctur.
ed by members of this Institute which Inv ibs;,
near approach to perfect on will yive Won greater
confidence IN crossing the mivhiy winters , and
snoI'u .n9se ia.I whic'h we offer you with one
s'oo "S 'o'' III our other Francis Life Boat to
'".N0' ""u W save IA The last extremity.
y, IL ne men Iorable "drmed neutrality of the
Nor'n' under lf.o auspices of the Empress CATH.
n Az i0Tih' ed for the defence Of GREE
nhhDE, 'Sas oyerlhrown in the wreck of the
French Ike Solution.
, hussih. was prosperous in 1916, ~, '1S, and
70 ou's fascinated with the theories Of Adam
Gun, Snn IND J. h. Say, she adopted new tariff in
1910 On the delusve plan of letting trade regu-
iaie dself' In this tariff she abrogated her pro
hnIitiobs, and lowered her duties The country
Was immediately deluged with foreign goods, and
In due course, drained e its specie, MS we have
been in past years. 10 pay for the surplus of those
imports, which far exceeded its exports The
most disastrous consequences took place. Circu.
laton was stopped. Distress and Indebtedness
overspreNd the land. The manufacturers, as was
the case in this country, first fell victims TO this
mistaken policy. Agriculture next felt the shock
ana hnalIy, bankruptcy swept away large pro
portion of those commercial houses whose cupid
ily have paved the way for the misery of :heir
country"
The following statement of the sufferings of
The country is taken from circular of the Empe-
ror OF Russia, signed 10y Count NEssELRoDE -
published 1927 y
"To produce happy effects, the principles of
commercial freedom must he generally adopted.
The slate Which ADOPTS rhisi Others reject Men
must condemn us oDn industry and commerce 10
pay & runouS tribute to those Of other nations.
FROM circulation exempt from restraint, and
Tie facility afforded by reciprocal exchanges, al
most all the governments At first resolved to seek
the means Of repairing the evil which Europe
had been doomed TO suffer but experience, and
more correct calculations, because hey tcero made
from certain data, and upon The results already
knoton, IF The peace that had just taken place. forced
them soon TO adhere TO the prohiJifory susiem
England preserved hers. AUSTRIA remained
JdihjM to The rule she had laid doton 10 guard her
ser against The ruaiShip Of foreign indusirv
France, tch The same uie,cs, adopted The most rgo-
rous measures Of Precaution. Ind Prussia pub
hshed new tariff an October last, phich proves
that she found II impossible not to (oiiow The cram
=" In proportion as the prolihory system is ex
tended and rendered perfect in other countries,
mat state tchIch pursneS The contrary system makes
from day 10 day sacrifices more eriensire and more
considerable. IL offers a continual en-
enlargement TO The manufacturers Of other coun-
trieS-and its otcn MANUFACTURES perish in The strug-
gle, uhich they are as get unable 10 maintain.
1t is with the most lively feelings ofregret we
acknowledge ii is our own proper experience
Whlch enables us TO trace this picture. The eriis |
,ghlch detalS, hare been realized in Russia and
Poland since The conclusion of The act of The 7.I9
q December, 1882 AGRICULTURE WITH
OUT MARKET, INDUSTRY WITHOUT
PKoIECTlON, LANGUiSH AND DE.
Cline. SPECIE Is EXPORTED, AND
The MOST SOLID COMMERCIAL HOCS.
ES ARE SHAKEN. The public prosperity
would soon feel the wound inflicted on private
fortunes, if new regulations did not promptly
change the actual state of affairs.
Events hare prored that our AGRICULTURE
and orr COMMERCE, as ,oeH as our MANU-.
FEATURING INDUSTRY, are not onlu parol
yzed BUT BROUGHT TO THE BRINK OF
RUIN"
Iba far;D' 4