Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1843-06-15
'$l2.Sl7.SOl

$l2,Sl7, sol
Should specie continue to flow into this country
for the remainder of the year at the same rate
which 1t has during the last five months, our bal
ance-sheet on the LIST of January, 1914, will show
clear gain Of over 1927 100000. This is the ma
tura result of Wing policy, which checks the ex-
cessiye importation Of foreign goods, which en-
couages home production, and thereby creates
the wherewith to sustain a large export trade.
We wish TO place this momentous subject i'm the
simplest possible form before the mind of the rea-
der and We appeal to his cando- to say if the
large agricultural, manufacturing, and commercial
FIRM Of Jonathan 81 Co. are not when taken i'm the
aggregate, better and cheaper clothed housed, and
fed at this time while laying up twenty seven mil
lions year in gold and silver by their foreign
trade alone, than !hey were in 1871, when, instead
OF laying up commercial profit of twenty seven
millions, they actually ran in debt over and above
ail their exports thirty millions Tor foreign
gew-gaws Do not these undenable facts show
difference, balance Of account, in favor of JON
aihan q Co. under Wing policy of siriy7four mil
lions
The Locofoco policy ran the firm in debt thirty
seven millions year, while its authors gloried in
the encouragement thereby given to foreign in
dustry, to the NANTES, injury Of home labor and
home production. To pay this needless foreign
Locofoco debt it has taken more than two dollars
worth OF the property of the firm to pay one of the
debt, owing TO the scarcity of a sound circulating
or a nation that buys more than he or it sells or
earns Ii we add the interest and cost Of colec-
ton OF the debt of thrty-seven millions, and 70
that the enormous sacrifice of property to bring i,
down 10 its value In gold in foreign markets, af.
terpaying duty for the support of foreign Gov
ernments averaging $ll3 on every 1911 worth OF
exports, the loss of the firm cannot be estimated
at less than one hundred millions, to say NOTHING
OF the greater loss from the ideness and unpro.
ductiye labor of SO large portion of the part.
ners.
Under the protective policy, instead of selling
property to the amount of one hundred millions to
pay foreign debt of thirty millions, the
hEm will be out of debt, and have twenty SO ven
millions of foreign gold which it will have Laid
Tor this ear, over and above what it has consum.
ed OF foreign products. Hence it will be able to
put nine millions more than usual into the pocke;
oil the commercial branch of the firm; nine mil
lions more than usual into the pocket of the agri-
cultural branch OF the FIRM and nine millions
more than usual into the pocket of the manufac-
curing branch OF the great firm of Jonathan d. Co.
Over twelve millions Of dollars of this sum- as
the figures at the head of this article demonstrate
have already been divided. lis suspicious infiu.
ence is manifest in the building Of many new and
splendid ships at New York and other seaports
in tts increased price Of flour, pork, and all
agricultural products, to the joy and much-needed
relief OF the husbandman-and in the astonishipu
improvement Of every branch of domestic manu-.
features, many of which are now for the first time
exported to Great Britain and sold at profit.
Reader, which is the true system The free
trade ru',-n-debt policy of the Locofocos, or the
heep ou-of-debt, ntoney-earnng, money saving pol
icy of the Whigs'