The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-07-30

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gress without limitation specification OF time was
eternal That measure was sustained by the state Of
Massachusetts. Yet can 1t be believed now when the
that the tguate comnerCe meais
the power destroy believe them IN the lace u
their own embargo act Look at the tonnage duties
What had they for object Why TO encourage domestic
ship building promote aud protect people IN the
aud uninterrupted enjoyment OF the fruits 81 their Ia
bor AppIause say then that this free construction Of
the borne out by the example Of all the de-
mocrsc Presidents Of the u s. Let as now look a. Inc
expsdiency OF the tang When they ars driven IRON
their constitutional Buments they usually ny 10 OK
pedsncy They aliedge that protective tarf inexPe
dent because il the people say heie, and VIII
demonstrate to tins audience tnat tain ~ h,
but en- the vslue OF what he has to SELL ana - id
him, more than to the manufacturer
upon Congress 10 pro ect youi' What pozer Laugh.
teri rrolscton does not mean enhancing The price VI an
article but il means protection against the influence OF
foreign pauper labor. (Applause does not mean no
result enhancement oi price, Lei us LOOK az TINS
moment manufacturer OF iron produces Two millions
OF pounds per annum, and no more and that because
he can sell no OF the Introduction oi al
article Of foreign manufacture which divides the market
with him. He calls then, upon Congress 70 pro.ec. me-
enterprise and industry by excluding from the home maj
ket that portion which Is imported thus vacuum is
created and corresponding demand Tor his manuiac'
ture until instead Of he makes three Jour- nVe, OF
six millions OF lbs and naural consequence caA sell
at lower price than before (Applsuse) Fellow Gu
zens, Is just the same in every other case by GYMS
MIN OF his Market you increase ioul
ms facilities TO SELL and along with 1t the ability old
creasng the price in proportion Well that Il very plau
sIDlS, enemies Will put Will nef quo"
the democratic argument They say that the competition
Of the foreign commodity keeps down the price so say
So long competition operates II Keeps down th.
price, no whence it comes from We can have Al
home without the foreigner IN our markets II VIII pre-
vail amongst sives and think American compeoi
quite good as British daughter and cheers Gen
tlrnen there is moi q Of business which
ndydnals embark to make profit but some enerprisns
eighbof will do tho The instant he does So theI,
competition and strife betw them, to
zee mo will sell cheapest There branch OF bust
ness low small in which il Is not the case
my eii democratic men, aud in doing my remark
made in spirit OF charity AID OF courtesy have NO
words Of vtuperson abuse Tor his In combating
ls views have nothing 80 say personally against Nj
Polk. whom have always regarded as gentleman,
igans whose moral character there Is no Objection
Ask him to 20 back to 1915. What then was the
price OF cotton shirt which we can now have the
rial for at II cents Why, at that period cost
" cents II discovered in short time that we h1d
turned their attention them, and protected them and
what do you get Tor cotton now Why you get Tor =
cents per yard instead OF tour times that and what
better il is American manufacture loud cheers) MOI
this all By this policy we are enabled to make MOI.
han require for home consumption No longer ago
than 1912 eighty millions oil ards sent to Canton
and even large shipment made to Liverpool Itself
(Cheers) So much for the protective policy. what
hen is the OF all this but securing the home mai
the manufacturer, and the competition growing out Of
which brought down the ket and enabled people 10
bay 200 per cheaper than before There must be com
petition Go into the country in any direction you Will
find two little stores there whose propretors are in cor
slant quarrel Tor fear should underseu the other
suppose each oil those sell 81 or 5000 per annum u
order to live they must sell at prom OF 20 per cent
Now by any process Legislation you could ncrease
hersaes to $l5 000 II is clear they could sell at hall IL
profit and make more money too But would he 90 y
Ay he do it; competition there and he must sui
nit, and so must the manufacturer : (Appause) Then
gentlemen be true that protection reduces the price,
the people instead OF crying out against It, Will Ike tins
the they get Of it, lLaughter) Now le.
glance at its operation upon the farmer The securi.
ii the market Is benefit Tor the manufacturers but s'ii
for the farmer II increases the price OF what :
las to sell What is the object OF agriculture II ~
raise than-(iere one OF the speakers outsit'
became very vociferoua, and interrupted Mr.. Whi' /,
Who joculay observed that there seemed to be too
-p.akers and tina. competition tended to reduce OIL
speech at least which produced good deal OF m"ri
0ent) Fellow citizens the object OF each agriculture
only to raise hat necessary Tor his consum
lion but something Of surplus sell In order to sell
there be market to have market there must ,.
demand; and TO create demand there must be certa
asses not engaged in agricultural pursuits, requii
therefore TO buy its produce is his interest TO have
markets and where he to look tor III In the year 1871
which remarkable tor it, productiveness the asgre
gate Of agricultural produce sent TO all the foreign m
s-ts OF the world was only sixteen millions of dollar
Whyl Because the r.gul atoms of these foreign pstoi
,neriicted our commodities, to protect their home nh
,ets not allowing SEMI more than the ltish part
What wa can produce. Where then should We ioVl
There millions of souls engaged il manniscts
ing aud mechanical pursuits III this country who must
ted. 1t is among them our market i to be found
the year, the little State OF Massachusetis
purchased TO the amount Of AZ 100 600 dollars, o.
nearly three times much all the foreign nations %
If the world (Cheers) She did that because her pop
lation are engaged in manufactures Now, strike dow,
the protective policy give us free trade-open VIC
your portssnd what is The RESULT The foreign good
swamp your marketthe produce oil the foreign paupe
drives all these manufacturing millions out OF emplos
ment and then what becomes OF the market for ~ foih
agricultural produced Your customers re destroyeo
they compete with the foreign pauper and fly e
agriculture in order TO ve become your competitors
stead Of your customers. Appause) Give us fr
adesrike down the duty hats tor instance and tn,
hats made by European paupers come in TO drive Amer
can hatters from the market Just SO with your mer
chant tavrs Strike of the duty by which they pro
and vhora ID heir
shoes and leather and the American mechanic 10 un
dersold and os,s his employment Just with all tn
rest. (lsenewed cheering) Foreigners can and wa
underse and 30 long men can they will 90 whef
they buy cheapest and your manufacturing popuis
all driven to agriculture, a. the only place .l
investment of labor. What then, becomes OF IL
three millions now consuming the agricultural preduc
Of the country Gone. Where il your market Whei
then the boosted democratic principle that is to reduc
pricesq But nv fellow citizens there is another
vantage the protective policy So long as we expoi
than we import, the great balance Of trade is i
value oil all tie country Is represented py ia ciIcu
| lating medium. When these deterorate in amou
property comes down its value is stricken from ex'
tence. When you augment its representation you II
its value just then as you increase the crcuit
you enhance the price OF the products OF sgrcuur
and manufacture Let look at the free trade policy
little further. What understand by free trade, is OF
without any restriction Limitation whatever But III
democrats rive il new name and call revenue tariff
revenue tariff has received definition, and means
enty per cent horizontal advalorem duty Now II tina
be wise policy why let us adopt 1t let US do right
ourselves leaving cOnsideratOn OIL government out
he question. DGive that duty and how long would
until every branch vi industry in the country woul
be annihlated. g. B. would pursue the policy she d
under Brougham-"crush American manufactures In H.
bud to the American market" When they do ths
| what do come to We ara compelled to buy abroa
| and buy more than we import now. The demand mu,
| be satisfied from abroad. How pay for II? We expo
1 only sixteen millions worth--and are compelled to bu
twenty, thirty forty millions worth. How we to pa
for the balance against us How much specie have
got hundred millions of dollars, ell told. Well "
give thirty millions in revenue. and after paving thirt
millions more discharge the balance Of trade again
what becomes Of our money Our paper institution
would be gone their basis being destroyed and our cap
btes Of buy ing abroad and producing at home won
ne all destroyed by this twenty per cent horizontal
paiortm revenue tarif-uoud laughter) | cannot hI
that this policy is based reason, the contrary IL
he adopted ruin must erect her throne the desolaed
mains OF the country's prosperity Sc much
short for this tariff policy Let us look at the other
sures which opponents propose At Baltimore. the
passed series Of resolutions In which they declare
themselves opposed TO National Bank-to distribution
the public ands-o protective tarif-but hat whe
they tort Ttrasi (oirea laughter and cheering dee
an To m O