Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1843-05-13

promote the interests Of few wealthy
iron.riasters. Now, sir, this is material
of universal use, OFT cf which the imp!e.
ments Of the agrculturist', and the tooIs OF
the mechanic are made, while the snip
ping interest consumes it 10 very large
amount. Now, system of free trlde on
our part-reciprocuted as it would be 81
foreign countries give the farmers
Of Pennsylvania market Tor their pro-
ducts, oil much more value to the state,
than any benefit the iron masters can de-
rive from the high duties imposed upon
iron.
Imust here tcg the a;tention OF Sena
tors, paricu arly those from Kentucky
to another item in the tariff OF the lat
session-lhe duty upon cotton Tagging,
raised to flon so to 100 per cent, accord
ing to the cost Of the article, aud VII CHI
should certainly have gone down to % pr
cent, under the pledges of the comPro-
mise act. Bur, ut the very moment OF
violating these pledges, by the act ct
the list session, which struck a IA
tai blow Of the whole commerce Of the cot
ton Sta'es as il to adj Il sting TO injustice
and vo' ated faith, this duty was enhanced
beyond the rate imposed hy the tariff Of
1928. Nov, sir, tn dutyis d stingnished
from others, as IN Just as they are. in this
that the whole of its burden is imposed Il
the cotton pltniers, AMI its whole benefits
upon some twenty one manufacturers OF
cotton bagging. No other class In the
country has any interest IN II, one way nF
the other. Il is, then, duty which sinp
y takes money out of the pockets OF the
planters. to put in the pockets Of a lew
manufacturers Of cctton.bagging. Now,
sir, when | tell you that the duty on the
.bagging annually use 10 bale my c!op
exceeds the amour: Of the taxes ! ply to
my Stare, yuu may form some estimate. of
its gross usice--i inflicted suppose, by
the patelnal authority of protecting gov
eminent, 10 punish the planting states for
opposing the protective system.
But can assure the Senators from Ken
lucky, that, in supporting this, aud all 9TH
err items of protection in the tariff, they
are pursuing a suicidal policy a. regards
the great interest Of their State. For,
let me tel! them liiat, under the combnea
influence Of interest and Indignation, the
people OF The cotton States are not only
making their own baeging out OF colt N,
but raising thelr own supplies Of 1--we sto k.
And can, moreover, assure them, that
where they can add one hundred do lars
to the demlnG FIR their bagging, by this
policy, they wi diminish the demand OF
heir live stock by the amount of ten thou.
s1nd. Sir, coaflently believe that Ken
III ky and al the North Western States
are as deeply intele dcd in fee trade. and
! h consequent prosperity OF the cHpcrIng
State, as those STATES themselves. II is
the great ma kc, for their live sto' X
And, aitho 'gh tia mln"fa'trng States
fTr.sh Them with scarce y any market a
ali, they are Destroying 'he prosperity Of
| their best customers, aId the price Of their
own s'ape Of trade, to give bountics TO the
Eastern m,uufuctI CTS, al thn expense c.
the g.ea, body oh Of their Own prodd.
ers and consumes. And Evil here state
in confirm ii m Of tie views, that tho
price Of Kentucky pork in South Clro!inc,
N the last year, sunk down f.om four to
lwo inl:ars huldIe1-a Gelre; sion whol
y wi'hoat example.
A few wo:d., Mr.. President, as t, tie
mode in which prohibitive tariff, whether
partial or absolute, operates 20 reduce the
valve of the ctap'es Of cxpot: .tio1-9n op.
GRAFTON now III active progress. Your tar
III 70 the am amt Of its prohibitions, ere.
a'es necessity Of importing specie to pay
TOR The staples we export. 1t may be safe.
y assumed hat The present ii exrIu les
twenty five m Lions Of foreign manulac-
lures, annually, that would be impo ted
under revenue duiy Of 20 per cent. This
gives rise 10 tho inpor;al,n Of spe lie TO
large am,unt. Now, every dollar OF spe.
Gle 'mPo ted, dimiaishes, in t1at proporiDn,
the yAIuc of the W lo!e rrass; and, il we as
sumo that in two or three years tie i'm
ports beyoni the exports would amount .
thlty.h' nil ions, our currency being sew.
eniy millions, the value of money for ali
20 Leslie purposes would be depretia'ed ia
proportion, and every domestic article in
creased IN lis money price, But the very>
operation whlch would dep: eriale he val
tic of s. g 10, and increase money prices
here, by GUining The spe3ie ircm the IA
tilnS OF Europe who consume our cotton,
W uI apPreci to the value Of specie, and
cePf'ss money prices lhoTc. sub was
t experience OF Great Bi ain in 1910, |
from having 10 export specie II The cont
nent for grain. Now, as The price of the
st'Lt OF exp rtation is isei ly the mou-
cy price abr,ad-prInclpa ly in England
t IS clear that aprohibtive tariff uepre,.
ses The price of our staples at hone and
nbfoad, while it Increases that OF every