Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-04-15

would add greatly TO the prosperity oil inc cotton vi
,eFest.
Such are the facts drawn almost exclusively ifo"
official documents and such the results, proving pe
wand all douh, the .adenns effects of high protective
du,;es IN Tho ,,oducye energy OF the country and III.
yiyifynp effects of a reduction OF dulles. Irooi
more conclusive Of the one anu the o'hef cahho' u"
fercd: but il would be vain 10 expect IL 10 MAKE tux
, slightest impression the party whch no" cohtio,'
the Government. TIE leading 'n,erest-inat wh,ef
controls all their actions-are banks, 'ariS, soch
, paper, monopoes, and above all mat "s'et zoe "
terest which lives on the Government itseii ana
fourishes most when ITS eSac''"hS aie , ."e e: -
and expenditures the most pfoinse. t'gh outes Is
the life blood of this powerful combination; aha
be the proof of lis perncous effects ON Inc commu
nifty al large so cear-as c'thl "s 'e SUI "
noon it would make impression on,'he'. ~ - 'oP'
itics, and political economy tney iooh, "ru
would readily sacrifice the manufactures themselves
TO save their marty and It's political ascendency But
say 10 them that VAN you resist eht ahu re"
SON The freedom of trade has rs ohhoai"h VA c uee
and durable foundation ottruth ana WIN Vhu'ca.e user
IL draws lis origin From on h'eh ~ ea"u 'o" ''i'
Divine will and is designed in its dspensaon TO per
form nporlan part binding together IN concord ana
peace the nations Of the earth, and III extending lar ana
wide the blessings Of CIVILIZATION In uhenloi TINS
high design, severe penalties are annexed 10 departure
from its laws But mol the proper occasion 10 en-
ter on these bicber considerations hope an opporiu
ny will be afforded when the bill comes for the re-
vision of the duties for which these resolutions are'
suppose Intended ioprepare the way. When IL comes
to be acted on intend 10 embrace inc opportunity 10
trace the laws of which the facts ana results, winch
have stated from official Sources but consequences
laws as fixed and inmu,able those which govern
the material world.
AS prea, and striking these results are II must be
borne in mind that they are but The effects oil the re-
4urfon Of duties and that too, under the greatest e-
barrassment and disadvantages growing out "i the pro-
tective system, and not the full and mature frn't OF
free trade What has yet been experienced affords
bu, faint ption OF the VIDE and general pfosPe
rlty which would be Giiiused throughout the whoie
community by low duties, sound currency and exemP.
ton from debts and advertisements of false ana
prrnicious system If gentlemen could be persuaded
10 abstain from their pre>crptons-lcave oil their nos
trums-restore the revenue from the lands-econonise
and retrench cxpendtnres-,hc youthful vigor of the
patient would soon do the rest. Full and robust
health would soon be restored, and lew years e&pe
renee under the benign effects OF ruer and better
SYSTEM would, in short lIme ohlitcrae the recoec
ton of present suffering
Before conclude, feel called on TO notice the ire
onent aliusion made to South Carolina during the
course of this discussion. Every one who has listened
To what has been said must have been struck with the
hold othe Senator aud others who have taken
the same SIDE reference to her depression and dIt
cues II has been soemny asserted, that no one
could venture say that she has realized any OF the
anticipated advantages from reduction OF the duties
propose TO answer these bold and decamatory
tons as have others Of like klnd by appealing 10
|
| have selected the period of twenty lone years.
from 1919 TO lS4l divided into The same divisions oil
seven years each, aud have formed table marked IL,
giving the exports from the State for each year. and the
appreoate exports for each division. Reference 10 II
viii show that the aggregate exports in value from the
S,a,e during the first period from 1919 to IS26 incu-
sve was 500, 512, and that from the next, termi-
mating with 1888 under the operation OF the two high
tariffs OF 1924 and le2o, the aggregate exports de-
creased S52 !G5,33 showing falling off oil mil
/ l.lf IA. lp..c ~ hon IN
the period Of reduction, the period depicted by gentle.
men disastrous to the State we shall tnd instead
of the aggregate exports OF the period swell.
ed SIC 33s ,59i, being an increase Of So,31o0ei,
com pared the preceding period of high duties. The
etit CT on the imports still more striking, both in the
falling off during the period Of high duties and reco'
vering under that OF reduction.
But has been attempted to explain this rapid IN
crease of exports the ground that large portion
are the products Of Georgia, drawn TO the port OF
Charleston BY the railroad Hamburger, opposite TO
Augusta 1t is probable that there greater
amount from Georgia during the last period, compared
with the preceding, from that cause but nothing like
sufficient 10 account 10! the increase, as would be ma
nest by turning to the exports and imports Of Geor'
ga for the period | find on examining them,
that they have followed the same laws the two peri
DDS the exports remaining about stationary during the
period of high duties, and ie imports regularly falling
off, and both Immediately and regularly increasing
lhrou bout that Of the reduction; with this difference
than Carolina, probably because of her increased popu
la,on. But be that il may, II clearly shows that the
grea; increase of Caroa is not owing to the cause 10
| which 1t is attempted to attribute 1t.
| But great the impulse is which has been gwen
to her por, trade do deny that South Carolina,
like all the other States, suffering under great pecu-
MARY and commercial embarrassmenis, not, however,
in consequence of reduction Of duties, but IN spite OF
IT, Her suffering is from the general causes al
ready explained, with the addition of several pecu-
/ In Shnrtr iror bni
last years destructive fire. in the heart 81 her
commercial capital which destroyed large portion OF
that cily-a heavy loss, estimated at about three NIL.
lions Of dollars from the insolvency OF The Unteo
States Bank of Pennsylvania large expenditure on
railroad project, which has been found impraccable-
and the deranged state Of the currency IN the sur
rounding States, which has done much TO embarrass
her commerce. But in the midst of all difficulties,
she stands erect with sound currency and unifn.
Reached cred-end likely TO ride out the storm as
any other State. Gentlemen greatly mistake, it they
suppose she ignorant and stupid as TO coh'ound
the cause Of her difficulties with what has done so
much 10 augment her and to enable her 10 pear
up successfully under her difficulties.
Having finished my remarks as lar as they relate 10
these ,esnlrtons propose 10 advert, IN conclusion, 10
topic which has been drawn INTO this discussion by al
most every one who has spoken the opposite SIDE
IL would seem that there has sprung up all al once,
among our manufacturing friends, great soc1,ude
about US of the South, and our great staple ihry
look on our ruin certain, unless something should be
done to prevent IL aud ready 10 shed tears at The
distress about to overwhclm US. They see IN H'ndos-
tan great and successful rival about to drive US en-
trely of The cotton market OF the wofih-agaihsi
which according to their opinion there is but one re
fuge the home market, be secured by high proiec-
tive duties To this panacea they resort for every DIS
case tina, can lct the body polite But admit The
danger ask of what service would the home market
be to U.s. if we lose the foreign; We have already
possession, substantially, of the home market lhe
whole amount Of cotton goods imported for consunp.
lion in lS40 was but nlle more Than six millions OF
dollars, abou, the nth in value compared with
that manufactured at home. OF the imported, by far
the larger proportion are fine and light articles, when
would require but small quantity OF the raw male.
rial to manufacture them; not more at the outside,
would suppose than ,hrty thousand bales; SO that II
every yard Of cotton goods consumed in the country
was made home would only make that addition 10
f the quantity OF cnion already consumed oy cur own
manufactures What, ask is to be done with the re
e.. SIX Ilmns nreaier. md noM finds