The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1844-07-24

tition. By the existence of manufac-
lures, in the United States, an additional
competition is created, and this new
competition enters the American Mar
ket, contending for it with previous
European competitors. The result is, an
increase in the aggregate ofsupply, and
consequent reduction in price. But
it has been argued that the fabrics
manufactured in America take the place
only of so many which had been before
manufactured in Europe; that there is no
greater consumption in consequence Of
the home manufacture than would exist
without it; and that it is immaterial 10
the consumer whether the theatre of
manufacture be Europe or the United
States. But think this is an extremely
contracted and falIacious view of the
subject. Consumption is greater in con-
sequence Of the existence of manufac-
lures ct home. They create demand
for labor, which would not exist without
them, and the employment Of labor crc-
ates an ability TO consume, which would
not exist without il How could the
American labor employed in manufac-
lures, at home, supply its consumption
of European commodities, 1t 1t were de-
prived of that employment? What
means of purchase would it possess 1t
is in vain 10 point TO agriculture for
every department of that is already pro.
ducing superabundantly. 1t cannot be
questioned that the chief cause ofthe re-
duced price of Cotton in The excess Of
production. The price of it would rise,
if less were produced. by diverting
portion of the labor employed in lis Gull
tivatlon TO some other branch Of industry.
This new pursuit would furnish new
subjects of exchange, and those who
might embark in it, as well as those who
would continue in the growth Of Cotton,
would be both benefited by mutual ex-
changes. The day will come and is
not far distant, when the South will feel
an imperative necessity voluntarily to
make such diversion of portion Of its
labor.
Considering the vast water power and
other facilities Of manufacturing, now
wasting and unemployed, at the South,
and IFS possession at home, of the choice
Of the raw material, believe the day will
come when the Cotton region will be the
greatest manufacturing region Of Cotton
in the world.
The power of consuming manufac-
tured articles being increased, in con-
sequence OF the domestic establishment
of manufactures, by the wages of labor
which they employ, and by the wealth
which they create, there is an increase
also in the use and consumption of Cot
ton and other raw materials. To the
extent of that interest. the Cotton grower
is directly and positively benefited by the
location Of manufactures at home instead
Of abroad,
But suppose it were true that the
shifting TO certain extent, of the theatre
of the manufactures, from foreign coun-
tries to our own, did not increase con-
sumption at oil, and did not augment the
demand for Cotton, there would be no
Just ground of complaint with the Cotton
planter, and the most he could say is,
that it would be matter of indifference
10 him. All that would happen to him
would be, a substitution of a certain
number Of American customers, for an
equal number of European customers
But ought it TO be, can 1t be, a matter of
indifference TO him, whether any portion
of his fellow citizens in the United
States are in state of prosperity or adj.
versity? II, without prejudice TO him,
his own countrymen can acquire part
of the wealth which arises out Of the
prosecution of manufacturing industry,
instead of the foreigner, ought he not 10
rejoice at it? Is il to him a matter OF
no consequence that certain amount of
wealth, created bv manufactures shall
be in his own country, instead Of being
in foreign countries If here, its in
fuence and effects will be felt, directly
or indirectly, in all the departments Of
human business, and in greater or less
degree in all parts of the county. II
becomes clear addition to the aggre-
gate wealth of the nation, increasing its
resources, and forming basis of taxation
and revenue in seasons of war or peace,
If necessary.
A HOME MARKET.
Besides the advantage resulting from
domestic manufactures in producing an
American competition with the European
competition, augmenting the supply of
manufactured articles, and tending cons
sequenHy TO reduction of prices, is not
the sole advantage, great as that is. A
double market is produced both in the
purchase of fabrics for consumption, and
in the sale reproductions of Agriculture.
And how superior is the home TO any
other market in the conditions of its
proximity, its being under our control.
and its exemption from the contingency
Of war 1t has been argued. however, that
we sell no more than we should do if we
were deprived of The home market
have shewn that to be otherwise. The
importance of opening new markets is
universally admitted. 1t is an object of
the policy of all nations. If we could
open new market for 100000 bales of
cotton with any foreign power, should
we not gladly embrace iii Every one
owns the benefit which arises out Of var.