Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-03-07

in
ION the essential policy of this country lilo meant he nag
SnS domestic mqnae,ures By the former could open tho
ocean, ana Hatnrdiilo them in SOIL"
havlng spoke of the effect of the war in giving
existence to manufactures and in bringing them
~ 'o''ie uegree Of maturity, he said:
md ut It VII no doubt be said if they are so far established
where the necessity II inc county favorable to their growth
put te" beyond The reach Of eOntngeney.n -
Mr. Calhoun gave the following conclusive re-.
Iply TO an objection against manufactures which
has been urged in this debate:
It has been further asserted sad he manufactures are
furnishing conclusive evidence of he fact For HI, na
could conceive no such tendency in them but
tes nc iobor'ng classes Of tho community we ought not
ea MI ~ to look to the cotton and woolon establishments
s popu'9uon disgneed Causes much efficient
her heavy taxes, are the real cnusss."
Abiding to the objection, that the relation he.
tween capital and manufacturing labor produced
state OF dependence on the part of the employ
ed, he replied, that
pooa d Mh sS SS9 i tSs,y oo objection to The
his opinion, than counerpose to L. produced
an 'nteret strictly 4eriean much agriculture In this
sad Nh CO il calculated bind together closely our
wdespead republic 1t will greatly increase our mutual de-
penaence and intercourse, and will necessary
oet oys increased attention to internal IMPROVEMENTS sub
aons m rerI@SS IA, And the perfection Of political
Gooo more closely that It would form power
cement as lar ouweghng any political objections might
Here we have The american Systen,," in its
full height, and depth, and length, and breadth.
maintained by John G. Calhoun, of South Caro-
Ina. The inquiry, why Mr.. Calhoun and South
Carolina noc desire TO abandon, utterly, a system
OF protection which they once labored to establish,
and at sacrifice of interests Justly claiming at
lheIr hands parental care and protection, is ieorhy
| Of grave consideration.
turn from this DEPRESSION, and proceed to Mr..
Madlson's last official expression of his approba-
ton OF the protecting policy. find it in his mes
sage of the Sd OF December, 1916; in which he
says:
Amidst the advantages which have succeeded peace of
Europe and that of the United Suites Britain in
general inauguration of industry among u.s. extension
Of our commerce. the value Of which and disclo
preston experienced by particular branches of
IN an epeo o Uo As the first proceeds
which carries check in its tendency at
present extent be of very long evil will
not however, be viewed by Congress without recollection that
manufacturing Establishments if suffered low, or
anguish long
and that the yieisstudes of human affairs situations may
which dependence foreign indispensable
supplies may be among the most serious embarassments"
A suggestion is here made by Mr. Madison, of
great practical Importance at the present moment.
1t Is that manufacturing establishments, if suf-
fered to sink too low or anguish too long, may
not revive after the causes shall have ceased.n-
tie deemed the manufacturing and dependent in
eress, of an importance too vital 10 the county
TO be lightly subjected to such hazard. Let the
present Congress, then, inquire whether The las,
and great reduction Of duties under the "com-
promise law," on the LIST of July next, will not
place some, at least, of the branches of our manu-
features in the predicament described by Mr.. Md
ison. Being dead, he yet speaks; and it may be
hoped that he will not speak to us in vain.
MIR. Madlson's allusion to the effect of the ex-
cesslve importation of merchandise upon the ter
mination of the war; brings to mind an important
fact in connexon with that importation
The imports Of lSl5 amounted 10 S1I3OOOOOO*
The exports were but S52,000,000. Tho disas
trous effects of this excessive importation and
great balance against us are matter OF history
familiar TO all. There was cause connected
with these results which has an important bearing
on the great question. l find it disclosed in a
speech OF Lord Brougham in the British ParIia-
ment Having described the effect of the peace
OF 1914, which opened continental Europe 10
British manufactures, and produced excessive ex-
porlations in that direction, he said
The of America has produced of similar
effect though am very far from placing tho exports which
market the BEFORE both because ultimately Americans
will pay which the exhausted of the renders We
unlikely, and Uls to incur los,
upon herst eortatiOR IN order by THE gI THE
which the had forced into existence contrary natural
course of things"
Here is disclosed the policy Of the British man.
ufactures aud of the British Government The
II natural course Of things" had been disturbed BY
Inc war, insomuch that, TO great and unusuaal
extent. American wants had come to be supplied
by American skill and industry! This state of
things must not be suffered TO continue; and
therefore it was deemed /" well worth while TO in
eur loss upon the first expectations in order by
he glut, TO sfe in the cradle the rising manufac-
ures OF the United Stutes"--that is, to "restore
hings TO their natural state" by bringing back the
United States TO their dependence upon foreign
'ower
The policy OF 1915 is the policy now; and
What has been, may again be, its result. Ii is a
policy against which it is madness in the Congress
i the United States not TO guard with unceasing
gilance. Well may British capitalists afford at
ny time to sacrifice few millions to crush our
that they may have a monopoly of
ur market Gladly would British capitalists and
British statesmen bring us back TO the condition of
dependence described in the early petitions of our
to which have referred and if
mistaken cotton growing counsels arc TO prevail,
nd guide the legislation Of this nation, we shall
9 thus brought back and held in perpetual and
Inous dependence.
But must proceed with my authorities in favor
{ the protecting policy. PRESIDENT MON.
-OE is next in order. There may be Impotence -
these full references, but have set out with
termination that the enemies Of protection shall
ave the whole, and must proceed at the hazard
wearying the patience of the House.
tCries of "go on" ego on'-"give us the
hole
The first expression of Presiden, Mobroes opin-
ms on this subject come to us in form unusual
imposing They are found in his inaugural ad-
,ess of the 9Th of March, 1917, the sentiments of
hlch may well be supposed to have been the re-
~ of no ordinary debsralion. Having refer
ID to various national interests which demanded
@ attention Of the Government, he said;
Our manufactures will likewise require Systematic and
Government
materials the fut Of soil und industry we ought
to depend the degree supplies from 9TH
counties. While DEPENDENT the sudden
war, unsough xpected fail to plunge into
difficulties IL Is important too, that the cap
which noufishes manufactures should be domestic
uenee that case, instead Of exhausng, do in
egn hands, would be advantagoousy agriculture and
branch industry Equally important it 10 pro-
e at home market materials as, by extending
competition, will enhance the price and protect the
or against the casualties incident to foreign markets."