Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-12

l. 4 ht
'or ages past, had not m,nufsetures been nro.,ru
ts" and necessity. which Is the mother of inyent,or
demanded the employment of Labor. say;n, mn.
onnes' hsto protection that we owe competition
anI 10 competition that VIC owe those inyention
which have aided in the re iuction of nr;r.s =,
nat after all, this reduction is m,iny To- be nscs,
- W p'V'ee'on, ana To the industry which i
'"mo'ates, ana to the genius which il exci,e,.
irestet that this whole subject has been ,rc,,.,
Sh Il were local question, and as If Nav En
S'ahu was the only portion of tho Union which IVA,
".etes'en IN the subject. This is no, a Mns,,ehu.
rs quesuoni no. nor New England question:
me m'nn'"c'urss of Messachusetts could stand
WIN less protection than most others In some :"
our establishments large capital il invested nm,
,ien capitalists are engaged. They can ride on
s,nrn, ' ahy sMe-hey can stand any ordinary
storm; In iac', such establishments rs thase y
Lowell could perhaps do better with n - ~
rate oil duty because, in such an ev.,, ~.
shs'i cnmpe'i:ofs would fall; the amoun, NJ
manufactured goods would diminish ,nd r.
ing the market to themselves, they comIJ ,a,,
mana higher price for their cottons P,rn
syivania and Virginia need protection moro ,h,r
Massachuse,'s; Look at their iron and coa there
were imported into tho city of Boston alone in ISL
1856 SIS bushels Of foreign coal TO tho ini,,,v az
coal interest oi those States. And tho snme il ,tus
oi oil the middle States, where m,npf,r,u,;,,, :.
ea'tleu on. Nay, all the grain growing States have
an interest IN this question: al vital M N,,s,ct,,
sets herself Indeed IL / were to s,lsc, a ST.,
whleh ncove oil Others would he hrncii, ed bv Tho
protective pohcY,it would 10 Virginia, N,mTc
nus oeeu most ample in her gifts to the Old Do.
'ninlon. Her bc,utfal bay AMI her n,v;,,I,lo ;;
vers arc ndmirab'y ad ,ptcd 10 commerce, H. Loo,
anus produce the "ycllow corn" which i, ,rrn,
's'"rnc OF tue gentleman before me IMr W,s,
.,"o, ~"l her low lands furnish fond fur ,lu sun
por' oil manufacturers fuether IN the conn,,v III.
"s water power ample To drive machinery stuff Il.
c"' u manul'cturc for continent Her moan
t''"s are stored with precious minerals sail md
noh III eeunuincc Let het try manufacturas and
she would SON find tina, the interest If b.- ,rLo,n
nd 4
INC protective policy was no nb,,fnc,,oo I'M ,bc
most practical thing in the world; and h,r who,,
pipe woa'd be IN favor of ,ho,c drcrimino,in,
sidenrs message ' '''o re
lHefe, the hour having arrived, MIR III. goys w,v
Tor an adjournment On Tuesday, when t,r snh
, e'i',' up ,"' consic'n'ion, he re iunei the sub
lec,, ant concluded his speech
NJ Sr'0k r: the kind INDULGENCE TX, nd.d >,
oy the House ycsierIny in lis,enin, To nv r.,,
i'hcs me not to abuse that iniu sence bv Ire
pnSS'nG ton much upoA their patience ,h,s mo NM,
~" gave way an adiolnmsn, Yesterday. I
'' nc" ehcc''oFirc TO show that pro,cc, no dn
ties, when iadiciousy laid, tended TO re,nc. -
anu generally produced that cfIc,t This is M, !,
v"r''"'v The case. II the du,y be imposed unon ,r
80 "i'eh ~ not come IN composition with on,
'hs eiiec' viii no: be produced; aud
""o' '''' unts arc imposed upon those articles tho
mlhulac'urc OF which requires lur,c outlay and
immediately ' i''"'e
80, 'h'i PROBABLY Ot told, that IL in
c'eesen duty tends 10 reduce prices IL nir,,ds 30
pt''ec"oh 10 the manufactured The no.,,;,,, :;
~ spse'oaS 'hnn sound. \ udcious tariff dos
y ~, Wv manufacturer, though at thu Same tim
" rr''cs' Discriminating duties enane onr
wv" manufacturers 10 compete with tho iorc,n la,
securing Them against the policy to which IL. ,,
manufacturers frequently have recourse for tb. .oi
"u' pose o destroying our infant cs,ablisfments-
WV ware that :: Is difficult to present an abstract
Pr'ncpe clearly - the understanding of the Horsc
anc, rs The whole subject is one Of n rr,c,;.I -
miliar case. ''S III
AN article, now free Of duty, IS selling in our
market Tor 81 30, the elements which make mn ,h;s
price are these: cost IN foreign marker zoe, nc;
po''atloh ~ cents, impor cr's profits 10 cepts-m,
KING 81 20 a, this price the article can he mann,
'.'u'eu III ms country. Now, let ore of our chi.
%sS go INTO the manufacture of this article ond
viii be the result? why the r,reio, n',n,,c,,,,
'e'' WHO mas heretofore enjoyed the mononnlv or
u. '',thst, ana who rs CT joying large profits will
"e''a'e'y put the article at 80 cents 10 IN. Amr.
re-" ,n'porter-this being the cost of tho orticIo
tie VIII willingly f0rego a urofit for Tho Inn -;
or me purpose OF crushing the Infant establishment,
:" 'n's countryi and the importer will give nm ono
VI MS ptonls, rather than lose this portion of
MS business. TINS will reduce the pr;ce of tho ~
tc'e ID cents, bringing i. down Ia Al n, III
If"e''cah manufacturer Immediately finds tho nrti.
cie III inc market at this reduced price which s in
IL IL .ess man ne can manufacture the article for
ne must, therefore, abandon his business s;v. ,o
his establishment at II great s,cr6co ard go ~
market 10 the foreign manufacturer who 6n,,;n
ms new rival destroyed, will immediately dcn,,nj
ne ou price, ana put his article ut 81; aud the con-
sumner ~ this country will he COMPELLED "a n,, .,
~. or perhaps 81 p, to make IN Tho Io.s ,yt;.i
me importer and foreign manufacturer sustained
uUn'ns inc period oi competition. This is the re
sun wnen the article is free OF duty
NOW, We will take the same nrtic'e n, IN. s,.,,
price, both in Europe and America win n,o,on,;a
uuties. duty oil | . cents is imposed upon Tho mr.
ucle, TO encourage domestic manufactures. The
"uued 10 the former price, 81 30, would bring Ihn
article up to 81 So. The ioreign monnf,r,, ~.
Tears that he shall lose the Ameris,, ,n,,L, ~
consequently, To prevent surplus in his home mar
Aet anu to crentc surplus here he in at once mn,
ms article az COST 80 cen's the importer will foreso
hai ms profits, and take off cents which will
or'ng inc article down TO 81 20-the very price
winch the article brought before the dutv ,yn. i'm
poSeu. In the meantime, the American manufac
er P'ouuces Inc article, which he can sell for the
shn'e pflce. Here, then. the manufacturer is pro.
'eI'eu, anu the consumer has additional price IN
pay. The importation will not he ma,criaIlv chcrk
eu; ana tins, with the domestic production will
create a surplus, which will tend 10 4, rcdur,,oo ~
INC price, sharp competition will ensuc, and ne.
cessiiy, That mother OF invention will brinS o in,
pFovemonis IN machinery so that the article can he
produced NJ cheap rate The skill also which is
acquired will enable tho manufacturer IN ,urn off
inc article at less expense, and 40 pfrord /, IN
ue consumer Mt reduced price Thus cir
VIII discriminating duties protect the mnnui,c,u
rer and nj the s1me time cheaper the nttirc Ia !,
not so Does not cXpsr icncc Justify this nnstion1
without duty, the foreign manufacturer sells nj
me maximum price; with the duty, he sells NJ
the MINIMUM; without the duty, he could prof,ablv
reduce his price To destroy our m1nnficttIrer with
The duty, he must come down 10 the loves, nr.rc In
compete with him.
Gentlemen hnve spoken of a protective tariff ms
an exploded doctrine. An exp'o led doctrine =
"heh, "hcre, and by whom was this doctrine ex-
podedI demnnd. II was the doctrine of The Con.
su'uioh, ~ hhd The support OF the first President
and the first Congress Yes. sir. Gene,nI Wosh
lngon, who was President Of the Ccnveniion which
formed the Constitution, in his first m,s,,,c ~
Congress, says: The advancement of agriculture
c'mmcrcc, and manufactures, Ivy all prorcr means
VIII moi, trust, need recommt nd ,tinn.w I'm eon
phancf with this suggestion. the st Congress in
ther hfst public act say first for though II stands
seconh IN thl laws. the first was simplv an act
mining all oftcefe nj Government to the Constitu-
uori an net imposing solemn oath to adhere IN
TINT sacred irsirument-thc first Congress- conr os
ca IN no sm1l degree Ofthe very men who formed
inc constitution, IN their first public act emf Inv In.
language IN the preamble: "Wherc1s n IL ncce,-
snry, Tor the support Of the Government for tho
discharge OF the deb; Of The United Sinies and for
inc oncouingemt NJ md pros, elton OF manufactures
tnai duties 10 laid upon goods, wlres and merchnn
disc imported: ''''''
"Bc 1t enacted" &c This act then goes nm ,o
provide Tor discriminating duties. Now, care not
whether these duties he high or low IL il sufficient
That they were laid 10 rai5c revenue and In nroect
m'nuiictures. | will not go though the list M
ITesuents or prcceden's this subject. this has
neen done ny my friend ON Vernon, mir Sindc.l
hnt VIII say that every President, from General
"n'hn9ton dawn TO the pres ent Executive unlo,s
" TO the e'dor adams, has recognised the doctrine