The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-14

utmost importance that our, commercial relations houo
permanently fixed basis Of unrestricted ade ana
opposition to monoPolies Of every sort In me mtemP'
to protect particular interests by departing from the re-
publican principle of equal rights and privileges W
legislators become lost in chaos Of demands for protec
ton. Every regulation only makes some new one
necessary repair the injury done by the former one
Under the ancient regime OF France this was pushed TO
which threatened totally paralyse the in.
dustrial employments of the whole kingdom
The "Journal des Debats" recently stated that sud-
den panic has seized the agriculturasts of Brittany in
consequence OF the arrival at Morlax of vessel from
the United States laden with batter salt meat clover and
other seeds. which, notwithstanding the heavy impor
duty which those articles subject have been sold at
cheaper rate than those produced in France.
The consequence has BEEN" says the Desbsts that
acry mas Deen raised for protective duty II IS necess
~ mat weshould rerress these demands for CONNER ca
restriction which have lately gained ground wise
ton, and by degrees shall be induced to reestabsh
he customs lines of the ancient regime between the diff
centres oil production to prevent the accidental fall
OF prices In ONO department acting upon the neighboring
towns"
The Frotectionss in this country already preparing
the way for similar regulations here The advocates of
protection are already proposing restrictions to
protect the new manufactures of the west Indiana and
Illinois, against superior capital and experienced skill
of New England Vermont feels the rivalry OF the west
does that of foreign countries Protection between the
States cannot course while the Union lasts be effected
by the actual imposition of duties, but it is aimed at
through the operation of monopolizng National Bank
Such institution, situated in New York and governed
by eastern capitalists having branches in each State of
the Union, build up ruin trade in any section of
the country by the imitation contraction the curren
cy at particular points any particular section
largely in manufactures, or wool raising any other
employ it will be encouraged crushed by the in
aon contraction of leans the branch in the centre
OF that business at the dicaton Of the supreme unta at
the mother board If the price Of wool is be raised in
Illinois and depressed in Vermont expansion at the
former and vigorous and relentless contraction at the
latter produces the desired result The designs Of manu-
acturers under large National Bank would be perfect
ed to the ruin of the producers The wealthy manufac
turers of New England, with their immense capitals.
presiding National Bank, when about to make their
purchases of WOOL have only "put the scrsws to the
the wool Districts and writhing farmers must disgorge
their wool for what the protectors of American indus
try" choose to give them IT. the other hand sales of
goods to be encouraged the south and
west the funds of the institution flow there in abundance
the dealers procure what accommodation they wish
goods in demand prices RISE planters and farmers
encouraged to credit until their lands fall
within the grasp of the manufacturers This is the pro
ected machinery by which the liberties and industry of
the people of the Union sought to be enslaved.