New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-04-29
NJ For several Literary Notices, and an
article addressed to the Lahoring Ciasses'
see First Page.
xx.hv and How shouid we Protect Home
wy UnduafYyt

In our Report tn the Home Industry Convention
On The Principle Of Protection, We endeaVored
. 10 answer the primary and sPecicus questions OF
o,o-s;ded Free Tradc-yz why should | be
q" compelled TO pay an American tailor Twenty
% Dorar. for a coat. when a Frenchman will sell
- mo ON. for Fifteen ~" and Is not Industry best
" protected when ii is ef, TO obtain for itself the
"largest reward ii get. unshackled by any
"rdornestic Tariff Laws These questions
are met as directly clearly and fairly as language
would permit, asd our views received the heart!
approval Of the Convention, and were put forth to
the publjc as the grounds on which Protection was
based. Up 10 this time frse Trader has con-
descended TO attempt their refutaton. Abundant
abuse of the Convention, it, objects, principles
and motives have been published, but not word
in answer TO its own statement Of its views. We
NAV conclude, therefore, that those views are
either deemed impreguable by the Free Traders
or else not deserving Of consideration. The pro-
positions of the Report alluded to are succinciiy as
follows:
I. Protection 10 the citizen is the first and Oh;
vious duty of Government against Whatever m
nuence Of force policy is brought TO bear al
versey upon his interests
III. That our entire Navigating interest ha.
been built up and sustained by Discriminating
Duties, and could not live year without them.
ILL., That defensive Protection, that which
seeks only TO deveope National Resources,
build up our Home Interests, and render US inde-
pendent Of Foreign Nations for all necessary sta
pies. is not 10 be COMPOUNDED classed with the
grasping policy of Britain, which seeks to make
her the BUYER and seller, and maker and provider,
Of all other nations-the one being the direct op
posite Of the other.
". That in young, thriving, advancing nation,
one-half of whose labor must be devoted to the
clearing and subduing of the soil, opening of roads,
b4lilding Of h,uscs bridges, mills &c, the money
price of labor will inevitably be higher than in an
old country, and the money coat Of producing all
articles of which present Labor Gas distinguished
from past Lsb3r, or Land asi CapitaD is the
main ingrcdcn, will necessarily be higher than
abroad.
V. That consequently, in the absence OF any
formidable natural obstacle, Of War, or of Proec-
tive Duties, the Manufactures and other products
of small bulk in proportion TO their value OF richer
nations will inevitably flow into the country
and be sold there at cheaper NANCY prices than
those at which corresponding articles Of domestic
product can be afforded.
VI That this influx Of fereicn fabrics will not
be balanced by a corresponding export of domestic
products; and that the Younger nation will thus be
constantly sinking deeper and deeper in debt to
its older rival, only relieved by occasional parox-
ysms of pccuniary rcvulsion and general bank
rup,cy.
VII. That the apparently cheaper rate at
,rhich foreign manufactures are purchased IS
fatal deIuson-ihat the farmers OF the interior OF
the new county, may thus procure their cloth at
four dollars instead of FIVE, bit they pay for IL
ten bushels Of Wheat instead Of .fce, and are
thus subjected 10 an enormous deduction from the
fair value of the products of their Industry.
XIII. That this disadvantage is grounded in the
nature OF things-the farmers Of the new country
being compelled TO sell their produce at its aver
age value in the open markets of the world, less
the enormous cost of transporting it to those
markcts-in other words, to pay not merely five
bushels of grain for yard of fine cloth, but FIVE
more for the and charges of transporting it TO
the foreign market. The cost OF transporting
manufactures from England here will not average
one per cent, while the cost OF sending gram from
central Illinois TO Manchester will average f'co
hundred per cent the price received for i, By
the farmer. In other words, the farmer must sell
his grain below one half its average price through
out the world, while the manufacturer sells has
goods at their full average value. And here Is the
reason why Manufacturing nations are always
wealthy and creditors, while the Agricultural buy
crs of their products are generally poor and III
debted
IN 1t is the manifest interest of the Producing
Glasses every where-that is. of the great OF
Mankind that Production be as diversified as
possible, that all the necessaries of life
nearly as may be, produced in every country.
Where they SO, Labor las greater choice OF
occupation steader demand, and more ample
reward. 0n those products which are interchanged
directly between two proauceis-as farmer and
the nearest smith-there is no loss By trans
pcrtation commercial profits, while those pro-
ducts which interchanged between distant ma
,ions are charged with commerci, and pro-
fits OF twenty te six hundred per cent Thu- it is
that. wherever We find community producing
one or two staples and exchanging them for food
and clothing, you will generally find few rish
capitalists or business men, and the great Labor
ing mass dePcnden, and miserable.
On the general truth and pertinence of these
propositions we base the soundness of the Princi-
pie OF Protection. VIII seine Free Trader condo
scend 10 examine iheml
UT john NJ. EDWARDS is the Loco.Focc can
ddste in opposition to Mr. Giddiugs.
The Nesr Era al last opened is mouth W IN rrI.,