Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1843-07-18

We need no, prove that foreign productions brought
in competition with domestic, Notwithstanding every in
which has taken place the tariff. All this.
It thls intended for and have done
for cause sufficient has been shown viz increase
IF prices suoh efenf enable The foregner
pay orr duties and "W re'aa Prefi and this being
sufficient cause, unphilosophcal look Tor any
other
Having established our frs, point the firm basis Of
facts that the American HamiItonian system is contra
dicory aud altogether incapable Of protecting domestic
dustry and let prove the second point viz
That we have given foreigners advantage over our
own citizens in markets by the cry intend
ed encourage and protect domestic industry and
mercc.
On the principle above given. that prices rise where
morcy rendered abundant, aud fall where it is scarce
whenever extraordinary issue of paper money from the
here raises prices qJore the price the duty aixes
Greir, NJ rchandise in markets it bounty to TO-
r anr arers the Of tie rise Of prices, and
the consequence - hat foreign goods forced into our
markets and ,,e;, i N drawn for he paper they
obtain. This strikes par. &c IN the uaguarded banks
which save themselves cuua Gscouns ana issues "'
paper money which breaks both the neIehaht anu the
manufacturer aud distress oversprea 'he cou
try These disastrous results of the stem afr 'u'eo
by merchants the auctions and hy banks oyerrao1g
but they are evidently the natural of false and
ruinous system.
If could present view all the evils which
flowing from present semthe heart Of every lover of
America would scken Al the most profitable stocks in
country mortgagng to foreigners to obtain capital
and merchants morgaging all they worth TO bank
obtain bank paper and farmers moreagins
their farms to merchants because they buy foreign
goods cheaper than they procure them made at home
and our southern fellow citizens SELL through their
chants here at the north their rice aud tobacco in
England where the currency is not Deprecated
and they receive In return the supplies for their pana-
tons, valued in deprecated currency whereby they
losing all the difference and eventually ruined.
Goods have been imported cheaper than they could be
made home because they rendered dear by bank
paper. Men have in debt for them, and been
forced to borrow money on mortgage to pay great
part of the money borrowed went eventually to pay the
duties for the duty is part cf tie price 10
cIich The importers cdd Tie original cost Of gsods
4ghen lie sells them.
And now il will be asked-wha is the remedy for such
a monstrous national oversight We re2ly-it is one
which will he termed chmercal by every man who is
governed by contracted seIfinerest uphold OF
things which is running the nation-the north well
the south
We Civ the truth however.
The true scientific method is TO reider the currencu
raluabc than the cnrencies Of otter nations, as
is rqluaLke BY this MEANS the tide of man
ufaclurcd goods and produceon the foregoing principles
WILL instead of flowing iafo this county, throw our
own people of employ run in debt or s;arve
now out of country and give employ ment
and freedom from debt