Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-07-05

intrinsic Importance rather than be runni1g az
ter the many useless and silly inventions Of the Old
World. Let me give you example: Some years ago,
the manufacture Of patent steel pens commenced
abroad, where it might have been, probably, we'll
enough. But ghtway some of our Yankee friends
took It into their heads that they could carry tho
same business here. Well, away they went at it, and
succeeded in making quite superior article; they
nopolzcd, for while, all the common school patronage
ofthe Northern States. Presently howeye the foreign
article began in, cheaper in price Sand quite
good for use surersedng. IN great degree, those ma
nuactured here at much higher cost. All this has
been OF recent occurrence; and, accordingly, Mt the pre-
sent session, we had before the committee the American
manufacturer, begging for protection against The TO-
reign article; in other words, asking Congress 10 i'm
pose tax on all the poor and orphan children of those
States for his benefit Sur, il would have been better
for those children to have raised by contributions suf
cIent to buy out this mans establishment, end 10
have cast into The Hudson than for Congress have
granted his petition. If mechanical business Of
more Importance TO the country tlan that cannot sup
port itself, without the aid Of Unjust and excessive tax
aton let 1t go down. and let those engaged in such be-
take themselves TO agriculture, to commerce. other
mechanical employments of greater Importance |
could furnish many such cases-a!l showing a strong
inclination to avoid the laborious pursuits of le
and 10 resort to every gh, and trivial handicra he
Their the situation of the country, the price Of labor,
/ will Justify II or not.
/ MIR. Chairman, let not lose sight Of the precise
objection to the rate of dnes established by the Com.
promise act, which we are now considering. | en-
eria:n hostility the manufactures Of the u s.
cherish, for the valuable and important ones the
ry highest regard; but the light and frivolous !
am willing TO see go down tomorrow. There are
more noble and invgorang employ throughout
this broad land for all Who may be engaged in SUCH
| But 10 the important ones, will cheerfully give all
the incidental advantages which the collection Of the
national revenue can besow. Such incidental encour
agemcnt is given By the Compromises and | contend,
entirely sufficient to sustain the chief manufacturing
interests of this country-such the woollen, the
| glass, the leather, The cotton, the iron, &c.
That allows three dstinct points of incidental
projections:
LIST. 1t imposes duty of 90 per cent. al vaorem, or,
on the value of The goods imported.
%. II provides that value shall be fixed il refer.
ence to our own markets, instead Of these Of foreign
countries, vas the case before the Compromise.
Sd. That the duties shall he paid down III cash, IN
stead Of being secured by bond credit, as for
mer!y.
This is the rate of duties and the extern, Of protection
for which contend, and those with whom (with few
exccpnns) am politically acting. We find tins rate
Of duties already existing and established by lava
law intended, by those who established IT. TO be fixed
and permanent; law which he who proposed II MIR.
Clayl denomnatcd "a treaty Of cmity aid peace,
which who entitled to deserve the charSc-
ter Of American statesman, would dare stand up ia
either House Of Congress and disregard
Now, SIR as TO the ability OF the manufacturing es
tablishme themselves at tie rate OF Gutcs
which insisting
The rate of 90 per cent ad valorem on The homo
valua,ion intending something for cash duties, es!i
mate equivalent, at the least to - per cent
For illustration Al article IS purchased IN Liver
pool at Il cost Of SlC0 but the article, when
broush TO this country, may lie fairly worth Sl20.
Now the duty is not TO be laid the $C0, lis cost
abrond but OH the $3.50, lis value here-makng dh-
ference favor Of the manufacturers OF four per cent
Making some little allowance also, for The payment IN
cash, instead Of credits, assume - per cent ns the
actual degree oil protection ally afforded
by the Compromise act. In the ao@uEce OF 20 per
cent MS the difference between The foreign and home
valuation, estimate transportation insurance, &c. TO
be equal to about 10 per cent, and the other 10 are
allowed for profits. The question then recurs il
this duty Of Is per cent. sufficient protection to
enable the manufacturers TO sustain themselves
Sir, must be, nj the first blush exceedingly strange
c they cannot. What not keep up, when the CO.
yernment grants them advantage Of one-iourth,
over al! foreign competition Not keep up, when the
Government every 81 0ro Of their products into
50 000; every $4,000 INTO ,0O0 and every $S0o0o
into eG0 COO! TO- that is precisely the effect OF the
duty imposed on the foreign producer STILL however,
great this advantage is, the statements laid before
the committee insist that, if the Compromise act equal,
have stated, 10 twenty -four or TIVE. live per cent
shall go into effect, most If not all OF our manutacto-
ries must go down. Mr. Chairman, | am free TO de-
clare that do not believe these statements. They
are made by men deeply and directly Interested
whose wealth or poverty at stake; made without
any sanction OF OATH and with direct responsible
y whatever. Manufacturing, like almost thing
else has been overdone. The high and cxorbant pro-
lection of former has induced too many 10 rush
into The busint s.; and, thus account dare say,
many establishments Will have TO 90 down-not Tor
the want Of adequate protection, but Tor want OF real
capital originally ilbe moneyed ic;iors Of the day
are now vanishing: and but the real substantial
capitalists can stand lie shock. Even some who had
such capital have lived III such lnsnIy or disregarded
the wholesome suggestion of prudent economy,
that they must and will be compelled 10 go down so
it is with oil the other pursuits OF lle-ke canses oil
inprrGe and extravaganza have ruined them IN IKE
manner. But | do firmly lceve that our woollen,
cotton iron, glass leather, ind all our important ma
muncores, be sustained at duty oil "A or 20 per
cent-a.l, certainly, that are located under iaVorane
cifcumst ancea and conducted with that industry
and rigid economy which characterized this country be-
fore the late inundaon Of extravaganza, speculation,
and folly. Some of them may not realize the same ex-
tent oc pref, as formerly; bu: they must be content with
less-ai gu. occu ra,ions mnst he content with less
The farmers, graziers, AID planters, have long since
became content realize 3 i, ur per cent on Their
investment in land sicck aborers, &c. If, however,
~ per cent. will not do, rather than increase the duty
on the consumer and thereby add to the burdens OF
those who are already sufficiently Frustrated, would
recommend the suggestion contained in The minority
report: ..., ...,. 90,
est. one bcns, Of another violate THIS great
ncpe which lies NJ the very foundation OF the 0osc,nsn,
WHY sacrifice Tie tgty WOOL by the proposed BILL ~
% per nd valorem and cents per round strike on 'he
ieayiug under proposed c vi GUY per ceh' "u
Won add the profits of e wool factory Of Duchess couhy
above $3.50 or per ern On The capital and s'
leave per nj va'o!ca Protection To me ""oi
ROVER strike part Of ,- duy proposed Oh pig IRON, ara
yen add profits Il a" the worsefs IN iron in the Ln'ea
states sin the producer heavy protection slfke on
but unccu from the duty an dressed or tanned leather anu
con =, once enable aud hoaJer bcr ahc 10 coi-
.te wi labor. Whit the tanner will still ENJOY
heavy protection. Reduce the duty all Other raw maGIns
used duty, 20 cent? ana you
relieve alI other branches III mfnuiic'hrcs
evidence Of the effect which the REDUCTION Of me anles
on material would have the profits OF The anuiacf
we again the 10 the report 9" inc
maturity The average price wool this country appears to
per pound The average 10 Europe Is ahoa -
cents and freight Would add about ce'si
say il would imported 81 CENTS and sold 10 Inc Manu-
fciurer here price, he thereby saeins cents per pound
Tie amount England Gpne according TO a
sci ui CHI ~ in a.on 100000, or nearly s3VN,6m
TLe u roposrd hill % cent, and cents per
nd TO project The grower. Ii England the duty is only
per pound protect tie wool rrow. there me co o
pg a in New $50 The foreign cost OF the best
Scntr pig about - So The duty proposed by The act -
PEI io nearly h -" ts; e,t OF The best se"ien
r.ua rs proposed biz, dressed tanned SKINS ana hiueS