The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-08-11

OF madness sure 10 be rewarded by sorrow.
The bnd age of an exclusive paper currency
has now happily but few open advocates The
crafty banker and willy Spectator whose inter-
csls are most advaoced when most paper mo.
ney is n circulation, have learned TO conceal
their real wishes, and at last aVow theiI friend
ship for mixed currency, But the bait is too
apparent; The deceit loo arDg 10 meet with
success.
From this subjcc, let US hasten 10 the con-
sideraion of another, 10 which the attention Of
the community has been directed, by The cla-
NOR Of CAPITAL, and The defamation Of dem
agogues. In former years, the county, it was
alleged by the political croakers Of the day,
Coud alone be saved from ruin by the speedy
re-incOrporaton Of National Bank The fa>
ta and astounding catastrophe which marked
the closing years Of the lale U. S. Bsnk; and
brought 10 light the enormllies which secretly
marked ils existence, have driven the federal
party to another hobby, upon which they hope
to ride again into power, and incidentally re-
pay the capitalists of the countty''a the sac
ri6ces which they may make in effscling the
desired end To relieve the country and af>
ford individual and national prosperity, it is
aIledged that Congress must pass
Il protective Tariff
The advocates of This measure, urge its
adoption.
1Ot Because il will project American in
dustry;
I'd. Because it will prevent the country from
being drained Of its specie;
30. Because il is required, in self defence,
and 10 retaliation of the corn laws Of Great
Britain;
4lh. Because it will afford US a market for
our surplus produce; and
5h. Because it will create a demand for
labor.
In considering the first reason assigned in
favor Of high duties on foreign imporations,
it seems strange; nay, il is amazing thai, at
this advanced era Of political science, great
political party should assert that tariff Oper-
ates as "protection' 10 American Industry"
If it could be proven that the owners of our
noble mines of iron, lead and coal, and the
magnificent capitalists who control The vast
establishments of New Eng
land constitute Of themselves, what could be-
correctly called "Amercan Industry,"->!hen
the fact that tariff law (tendng 10 exclude
The products of foreign countries from CONS
petition with our own,) protected "American
Industry" would not be denied. But such is
not the case. "American Industry" is not
truly composed of inanimate mines, nor of
wealthy capitalists inoperatives; but on the
contrary, it may be found spread over the
broad fields and fruitful valleys of this vast
republic; it may be Witnessed in the works
shops, and seen on the highways, which
Throughout! the world, give name for indus
try 10 the American agrculturisl and mecbaa-
ic. In this land Of republican equality, it is
the pride and boast of patriotic bosoms, that
the labor, skill andsuAechanism Of honest hands
and poor pockets are fully as worthy of The
protection Of Government, as the inanimate
wealth Of The manufacturing capitalist, or the
mines Of him whom fortune has already ia.
vored beyond the lol Of his follow man. If
partaty should ever be admitted into The le-
glslatiOn Of republican government, the ge-
MUS of our institutions would require that Tho
favoritism should be shown to that portion of
community who are most in need of public
bounty. The lordly New England manufac~
turer-already at ease, surrounded by luxury
and wealth, has no claims over the farmer
and mechanic, upon the munifcence Of re-
publican Legislature; his hands are never soilc
ed by labor, nor his sleeves rolled up for toll,
his. deeds are for himself his patriotism looks
first to his pocket, and his outays 20 for
eign luxuries upon the importation of which hs
would seek no tariff
But it is said that protective tariff will keen
a specie currency in our conn,ry. No posi-.
tion perhaps, which is assumed in demons,ra-
ting the necessity Of tariff is more unsuppor.
ted by the experience of the nation. The re-.
cords ofthe Treasury Department exhibit the
facts and figures necessary 10 settle the va.
lidIly of The argument. By those records, j, is
ssceriained that The amounts of specie stated
below, were respectively imported and expor.
ted during the years opposite 10 which ihev
are placed:
Years. Imports. Exports.
1929 $7,403 ,6l2 81 924, 4,O2O
1880 S.l55 964 .217S.773
1881 1895 9l5 9,0l4,93l
1882 5,9O7,5O4 5656.54O
S10 7H2 O0S COL 91A OcA q mo 40,