Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-07-27

shipping interest. the advocates OF what termed free
! trade.
Several ofhe intelligent of tho latter class however
have said 20 that they had Specaon that could
preserve soand and well regulated currency without
| nn
Talk them OF free trade in ships and they will tell You
| that they could not live without discrimination.
Nor have the south much complain Of the
present state OF things No section OF the country
Nenng orc rapidly from the terrible revolution Of 1886 and
- than the states OF the south and southwest. Cotton
the present price. The planter better than the ngcuu
raj products o tho northern and states
| the farmer ofthose states.
In Alabama and Mississippi. il is estimated that good
negro w grow six bags eoiton AT five per pound
this would amount to lao $50 dollars. To feed and
cloth the negro from 60 is dollars leaving clear profit
from his labor Of about so dollars.
The present value OF the Is from $50 100 dollars.
and cotton lands which in 1886 brought 10 30 dollars per
sell from to IL. The natural increase of stock
a human flesh and blood it always estimated will
pay the interest the investment.
The consumption OF in this country the prcsent
year. viii not probably much from four hundred thous
and bales, and thus far IL has been taken by
prices that have paid the planter 10 or per cent
more than that shipped To Liverpool OF Havre.
And OF bread u For years past the safest and bcs,
afhettor western Hour has been the district OF
Try IN New England devoted TO manufactures; and although
our merchants have occasionally felt authorised by
from the other side, To ship flour Europe the result has
been invariably shown that the home market more to be
relied upon than the foreign.
Under the present system is fair TO estimate tb,,
the domestic market for the great staple Of the south will
increase some 10 per for twelve or fourteen
years To come and before that period arrives Virginia.
Noth carolina Georgia. Tennessee, and perhaps Alabama
VIII have become tariff states, each with Lowell and Pa
tersou within its borders.
During experience in irade-und it extends back more
han twenty hive yens-al commercial rsvulsions have
mad their origin IN excessive mportatons from abroad IL
Is vain "a say the country will take goods than il
acmay requres-Nine times out OF ten, all the goods
brought here will be sold II the importer finds there is
large surplus the first hands, he will offer to the obbor in
ducemenls either IN price time BOTH take them off
from his hands, and when the obbCr finds he has nccumuo
ted stock bcVund
he viii be sure to place portion OF that stock where he
oughtno by taking up Of doubtful crcdit-and so If
the retailer IN the country Preserve the present rate of u
ties, and all these evils will be avoided.
The present tI excludes from market Manchcs ter
piins-ou article, the importation OF which has heretofore
taken large amount of specie of the country-and
what been the consequence why within the last eight
months there have been mprov in this country i'm the
machinery connected with this branch of business prn
ing such as made in England during the same
number OF years; and the is furnished with
domestic cacoes, to Is per yard superior 10 the
imported goods for which he used pay from Ia TO 81
And this will be the with other articles
Wherever foreign competition xcuded there will always
bo such an application of capital and skill will favor the
consumer
Who past middle life, has forgotten the large amounts of
specie formerly sent from this country every year for the
purchase OF East India cottons-oods Familiarity know =,
that day Hum H1Rs1" The tariff Of lsl6 imposed
duties upon those goods that amounted TO prohibition
Within two years thereafter their place was Stumbled Inv
domestic article superior in texture and reduced prices
and from that time TO the the manufacture of brown
-, u Ny''v'' '"s s'eaui'N advanced unill New Eng
land now spreads her heavy fabrics in the market side by
side with the Calcutta goods and challenges comparison
To the queStOn-"Would you make this system of pro-
lection pormanenH'-l answer few years will 20 far
TO equnile the advantages Europe derives from great
individual wealth and full population When the period
arrives, II will be time enough talk about commercial
treaties For the present leave the tariff where it is with
perhaps slight notifications and career of prosper
~ in store for this country such has experienced
Preserve this balance oheei and such worth half
dozen national banks; and commerce. agriculture and me-
chanica labor will enjoy stability with fair remuneration
such as they have not for a long period
A MERCHANT