The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-04-27

CohAIdCteu W uuequoi tssS'1"
When a large amount OF gold and SILVER
coin has been suddenly taken assy IRON US
and transferred to foreign countries, then
our banks are liable 10 suspend specie pay
mcnis, thea the currency Is deranged and
deprecIated, and then the whole country is
involved in difficulty aud embarrassment
without the necessary means TO pay exist
ing debts among our own people.
For instance, 10 ] $50 there was a very
large and excessive importation, and con-
sequentIy heavy debt contracted in for
eign countries. The next year very large
quantities OF specie were exported TO pay
tina, big balance against Us; and then, in
1897, our banks began 10 tremble and iotier
like house, the underpinning Of which is
being removed, and finally suspended specie
payments. do not desire TO prohibit the
importation of foreign goods. No, not o;
all. am in favor of just and equal trade
with all foreign nations but 10 not want
10 buy more than We can sell and pay for
with the productions OF cur soil and labor
Barter for barter between foreign nations.
Ii Is the duty Of Congress, "to regulate
commerce ,eiii toreiga nations" SO tha. they
shall not be enriched and We impoverished,
BY trade. The regulating power should be
exerted and exercised so as to eqaali=e trade
with all foreign nations. do not wish the
U. States 10 20 deeper and deeper 10 debt TO
G. Britain, aud TO be constantly drained of
gold and silver 10 pay foreign debts, and
thereby produce a, home general prosira.
ton and stagnation in all sorts of business.
We do no, need a high tariff, but we need
and must have some tariff on the importa.
lions of foreign merchandise 10 support gov.
ernmen, or, we must lay aud collect direct
taxes and excuses from our own people; and
let foreigners, who tax Us very high, have
free trade in our ports. Ii We pay for the
privilege of selliog in England, England
should pay for the privilege OF seiling in The
U. States. lfforeisn nations will sdop, and
continue free trade in their ports, will give
them my hand and adopt it too. But If
they will not, | will not, Political Economy,
like christian charity, should begin al home. /
an opposed to high tariff, because il
is a selfish speculation, and oppressive 10 I
the people. /, grants bounty aud con
fers peculiar privilege on favored class
CT men, who look 10 Government for help, I
more than 10 their own industry. | will !
not leglslaie in such a manner as TO give (
exclusive privileges or peculiar profits to 1
any man or set Of men. Government /
should be SO administered as 10 award equal
justice TO all, aud exclusive privileges TO
none. But While | will not egislate for
the advantage OF the few q, the expense of
the many, conceive 1t 10 be the duty and
policy OF Congress, dictated BY wisdom,
patriotism, AMI self preservation, 10 encour
age, protect, and defend, equally, and with.
out respect to persons or things, all and
every useful and necessary in,eres, and bu
siness 10 the United States. The Govern.
nent was instituted TO protect and defend
the lives, the Liberty, the property, The 10
dds'ry, aud The labor OF the people, but no,
10 transfer one mans labor 10 another Nth
out his con&.st. On subject OF SO much
The spirit of concession and 7
must be invoked
Agriculture, manufactures, and com.
tIEA(S atC a. tbE tuiCG SItdh lb
,erests in society. regard them as three
legs 10 one stool, or as three substantial 10
isres,s in one government. desire to give
EQUAL strength aud length to each one Of
those legs, or interests of the community.
Share aud share alike is The bes, policy
il is that which keeps peace, good will, and
Inion IN a government as well as 10 a tam
lily. |, is oslea alleged lha. The manuisciur
ing interest IS adverse to, ard 10 conillct
The bes, interest OF the farmer Ii would
be well 10 give ourselves a self examina
lion, aud see Il thai objection be founded 10
principle or prejudice. The useful arts
flourish most near 10 each other. They
are mutually beneficial and dependant on
each other, Just like the three legs of the
old family stool. Manufactures are not
oaly convenient but necessary 10 agricuI.
.ure. For example, the farmer gets bis
whea, manufactured aud changed into -four.
After he REALMS a suficlency Of his -four
Tor domestic use, be sells or trades the &c.
naInder Of II TO some merchant who deals
in that article. Thus you perceive the
wheat, changing lis form has quickly chang.
ed lis owner, Eod been 10 possession Of
three ditftren, persons. The farmer, The
and the merchant. Every
miller is a manufacturer, and think very
useful to the farmer. The only difference
between wheat mills and cotton or woollen
mills IS, that the first supplies the mouth,
aud the second the back one feeds the in.
side, and The other covers the outside
That's all. have no prejudice against
like the miller well. Gu,
don't want bin TO take zoo much toll, nor !
he Government too much tariff. II we
oster and encourage manufactures 10 our b.
,wn country, and IN cur oEa neighborkood, !.
We can feed and ciothe ourselves more con
Esnien,ly aud more cheapIy than we cau !
with foreign goods, purchased probably by !
shipping our noaey 10 f1reign coun,ues.- /.
The farmer Frequently Gnds a good home
market for some of his surplus produce II
. factory, which perhaps he could sell no
where else. 4 he can pay Tor cloth 10 pro.
tuce or labor, that will save so much mo