Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-10-14


in "nanufactures and trades, 79l 749 (See Census
Compendium by Allen, p 1G'--by Blair snd Rives,
page 30 This number includes every description OF
mechanics, white black, slave free. BY the Sob
Joined statement 1--WE regret our inability to publish ~
taken from the Compendium, p. 35S, it will be found
that the number there stated as engaged in mining and
manufacturing, is only 473 2SS. Deduct from this
number those engaged in machinery, granite, marble,
bricks lime, printing and binding, musical instruments,
carriages and wagons, mills and houses (none Of which
subjects re imported and which would exist, many CT
them, in a greater degree than now, il We had free
tradel and the number sinks 10 go 032 males onty
This number might fairly be reduced conslderaby-Gs\
tobacco for nstauce-tEe manufacture whereof IS en-
,irey unaffected by Tariff Blu, take the number &c.,
032 with such wives and children they have, and what
poor prospect do they present, Of home market for
the plus products Of hardy tlles Of the
soi Why, Sir, the idea is rd'culous-supremely alb
surd. Ny colleague (Mr S!unrU gave us very graphic
picture of the productions of his district. As Virgil
ran reioced with him, end said, there is single DIS
trict in the Old Dominion able 10 feed every iaciory
hand in the Union-a district that Will hardly thank
her Representative for increasing b. his vote the rr'cs
of the articles for which she has TO exchange her pro-
ductions.
Bot after supplying the homc market with tobacco,
exported 1911, lat 793 hogsheads, worth Sl3,-
ls9 ass. Can any Tariff give US home market for
this enormous surplus of tobacco:
Again: after supplying our home demand for rice we
export an annual surplus OF about S200O,CO0. Can
Tariff in any woy consume this surplus ,i coo =
Again upwbrd5 OF 2,UUUUUU oil Daies OIL
Gotten. Our own factories consume about oOoO0--
With complete monopoly, they cnuld not exceed
35G 600 bales Will gentlemen tell me what ~ to be-
come of the surplus of upwards OF l,10oo00
baes2
The truth is, home market is wild and visionary
conceit Our productions must, for many generations
Of men, exceed our consumption. Our surplus must
find market at home abroad. Al home, legislation
mn compel il 10 the extent OF our own consumption;
but no further. Abroad, find no general mar
tptf
the essential element Of chsdpnfsS This we can never
do until operatives are willing 10 work Tor hare
subsistence is the case in the workshops oil En-
rope And this, thank God they will never submtto,
until our wild lands are all taken M, and made ITO
su,ile and blossom the rose. home market, AIDE.
quate to the consumption OF our surplus IS then I'M
practicable. Abroad must seek ard Ind one, or
the most fghul calamitIes must orcrtake all the pro-
ducing classes.
Ii is, however, insisted that legislation has not
been such az TO give Us a home market In answer 10
this ask attention to our production, and importation
of cur great articles Of consumption
Produced in the United States. Imported.
s sss i1 aGn' t do 1898 AOOu'5S'0
Hardware, &c, S646l sGS s2565,TO
Wooens, 2O,0joTD o'cS.,olo
Cottons, dO,3ou,4J3 o,ou4,1e4
These items show an importation ofonly about one
seventh of the amount Of our own manufactures AND
when it comes TO be remembered that, OF what we I'M
port about one.cnth lie re-exported-as for instance,
duy and re ported thereof So ,90o-and that du-
ring The same year exported of our own mlnuiac-
lures Sl2S4S, S47-any gentleman can see how nearly
we have attained that mighty advantage OF home
Market of The strongest arguments tor protective
nj aomas the value of S3OC6,034
vegetable food " loooI,ooI
tobacco !,oco,.'ot
&C co,ion G3 s70,30S
6, o,ber agricultural products 1884
sa2 l3:5, $50
Had this vast amount Of surplus products been with
out foreign, and restricted TO home market, rum
would have swept the land II is actually fr'ge
full to think of it. And yet gentlemen graysly urge
that sufficient protection would give home market
for our surplrs VIVA, folly Do they who urge the
argument neye in the soundncss of its conclusion
Crcdat il 3u", non ego
Reason for Protection.
THAT 1T WI. PREVENT THE FLOW or SPECIE FROM
COUNTRY
This reason much used, and with great effect
among the ecting But it is not true, III tact or
thee 1t has ccen our fortune Sir, 10 listen TO ma.
nv ,sertons, both of enagy and censure, upon the
high Tariff policy of England. Yet her banks,
for out twenty-five years preceding Il think)
1923 we're unabe to maintain specie payments
And even within the few past years, The Bank OF
England has frequently stood upon me brink OF
bankrup..y, and has only saved herself by deepen
ing The sufferngs of that great kingdom, by the
frehtful agonies Of frequent and severe ccntracons
Sir the f,w of specie is regulated by great causes,
which disregard all human legislation Those who I'M
dertuke control its gentle yet rsepessie currents,
would feel us thoroughly rebuked for their fooshncss,
if they would but look upon the lights of science, and
study the lessons of experience were the couttes
of Canuie for their fusome adulaton, when he took
his upon the sea- and said IN imperial Tone TO the
oceans approaching wave, ",hus far shalt thou GO,
and no farther. But the murnuring tide, needless ot
his command rolled its mighty and nscrutable des.
tiny and will roll on until time shall be no more. And
such the destiny Of moBeycarrlessly, yet unseen,
regulates the relations Of industry, adjusts the IN.
deb,pdness Of nators and will roll until time shall
be no And is this to be regretted The How Of
specie is ever n healthy operation And, instead ct
being arrested, il practicable ought To have every
facility for lis departure for, it goes TO stay
some unp,odrc.ive industry, or 10 pay some honest
debt ANY lpgslation therefore. that aims to srres.
its flow from the c"uny IS species OF QnackeTy that
cannot he TOO strongly denounced.
But let lock into our own history I" ascertain tho
Ccts From lc2l to 1882, both inclusive, the imports
Of specie were $50 3i GC6 The exports for the same
pe.nd, were S., 604 1871. This embraces the period
Of all our high Tariffs Do we find the flow ipccie
from the country sopped' comparison between the
sums inst stated give negative reply.
In March, 1923, Tariff act commonly known "a
the Compromise ocD passed. providing the gradual
reduction Of duties 10 90 per cent the revenue stand
ard. Let how specie tiuctua;ed under reducing
duties and an abandonment of the protective policy
The honorable chairman Of Manufactures, in his rabo.
rate report before asserts the position am con-
troverng; and in his first table, gives the toiowingre'
suits
bullion and specie imported annually free ofduty (after
dpdnctng therefrom the .expora,ions) from 1884 TO
1910, inclusive showing on aggregate OF
Bullion. Specie.
6s5G67t 4S,I476l71
Could ask more triumphant reply' In years Of
protective policy, the exports exceeded the imports of
specie 2273 O64.-But in the seven succeeding years
Of duties sinking rapidly 10 revenue standard, our
. 4 rfr re and hullt Ina
sum Of 55 0O4 2ss The assertion s, that high duties
will keep the specie in The country The fact is,
proven by cords, that specie leaves the country
under high Tariffs and returns to il under low ones
DO not these interesting facts p'ose that high Tariffs
Destroy and that free trade advances, the prosperity of
the countryo