The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-06-02

whieh csald sch be fivsn IN exercising
he rsseaBs poser.
Bas fhs Principls II protection does moi
Sepesd upan any lss o. Congress; Il
has i.s abiding place 20 The Constitution.
and esnnat Be taken oui BAT By amend
meat. Nay. IL lies sven deeper. and =
shs very loSndaiion upon which that 80
eiely 10 baill. which framed Ibis consli-
Iulioa.
To afford proireiion 70 the labor ofthis
country 10 not q matter Of choice. even
with The masses; il is matter Of nsesssiiy,
They must and ihsfrfoss ual. have u.
Ii 10 not like an ordinary regulation Of
properly; Il il question thai insolses
he means Of personal subsistence. one 10
which those have The greatest interest who
have most children. Labor has generally
been projected BY The exercise e The
revenue power in The fern Of duties %
Imports. Should the same mode fail 10
protect IL hereafter. in eonsequrner oflhe
Legislation or tbs seeessiiies 81 lorelgn
countries. there 10 more ample power
given 10 tho Governments in MS control
over eonmercs. That can be exercised
Tor The same object. ether BY counter
ssiling or prnhlbi,ory Legislation.
Il In exercising The revenue power. under
he provisions Of existing laws. ., 10 quits
certain We shall be obliged 10 stop lhe
red1eiions before they reach the eoniem.
plsied point Of 20 per cent. Upon The
present duIiahls ssiieles not more ihan
fourteen or 6fieen millions would be sais-
ed: but with ! hams ssln.tion. and from
twenty-five 70 Ih,riy per cent, lhe amount
would he raised IN ordinary iimes. | have
no doubt.
But for year or two 70 como, en-
confident. the estimate Of the honorahls
Sens,or from Kentucky is too high foI
the exports. Its founded on The value
OF the exports ollasisear. and 6re.eighls
Of those exporis were cotton. which wss
las, year twenty per cent. higher Than i
ID now. THIS would make q Differences
0f twelve OF thirteen millions: and ] con.
Tess see nothing 10 JUSTLY hope that
prices Of any Of our great staples are soon
10 improve. The honorablr Srnsior from
New Hampshire said yesterday. that b.
professed 10 know sbnut culion! and
spoke in dsrish'n Of The qusnnty Of East
India colon. Blu, look upon the recent
account concerning this arlcls as full Of
interest 20 US.
II. c.,.nt;,y - k.nJ - ra.t.rl - NJ.
the close af The year was aDoul $50 600
It's anticipated rereip's from al sour
ees excep, the United states, the
present year, are $50, 600
Il
200 900
| Making an aggregate si,houis bale
from as) Of mnre than years consump-
ZION. A supply for such period gives
The holder snch command ofihe marker
as TO leave no prospect 10 US Of On early
improvement in prices.
We are certainly unwise 10 overlook
this position in our affairs. as affecting
nur ability TO import. and therefore. 10
raise permanent revenue. Ii will NOT
be overlooked BY The statesmen &C the
country, Who have attained 10 this position
in reference 20 rs.
The mutual Dependence Of nations up
on each other is undoubtedly conservative
Of peace. Our dependence on them for .
market. for this great staple. has no doubt
been relied upon 10 insure aeqniesrnce in.
or submission 10, their views IN The con-
,roversies between Us. II they appear 10
rely upon our dependence on them for a
market. we certainly should not be un-
mindful Of their exerions Ia be indepen-
dent OF US Cor their supplies. If,hey have
determined on this So FAR as regards cot.
ton, their whole history is guaranty that
they will accomplish IL; and We may soon
expeci 10 see higher discriminating duty
IN favor ri India cotton Than now exis
-aboui I of a cent per ID. Suppose il
should be three eonis. will not our friends
Of the South stand by us. and a,J us 10
make some counervsiIing regulation.
hich may induce them 10 observe some.
Thing like reciprocity in their trade wuh
Us!
Out tHC cetFct CVHtcc " M hF tutss
regulations for ourselves. rs will make Us
mere Independent Of sH others. lf our
capabilities had been encouraged By s,ea
dy Legislation in favor Of our industry. /
have lHlle d.Hbt We should nov be send
ing more resas4 Of manufac ared cotton
round the Cape of Good Hope. than the
entire corp was when ,hi. legislation com
menced. 1 think il likely We Rave in
some years exported nearly as many al
ready. Andi suppose The consumption in
this country now. j. >, least f"ur times
the qusn'iiv that vas ilen raised.
Does mol our rapid advance IN the cul-
ture o! his crop. by the extensive con.
sumption Of i, in our manufactures, and
by our expor, Of IL in manufactured a.
well as raw state. furnish 10 Senators
more satisfactory proof Of the favorable
influences OF thai NATIONAL policy which !
droIects ourindosiry, than theories of Free
trade snd hard money mrn! Ecsn they re-.
~ upon the results Of Ibeii lhenries as sat
Isfsctory. should we adopt their scIism.!