Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1844-06-07


ton of this amount is surplus. be- ond tho con-
sumption of those engaged in lis production,
have not tho means of ascertaInIDg. 1t Is evident
however, that tho surplus Is very large Well
what becomes of this large surplus. " here do the
producers find purchasers Is it exported and
sold abroad As have before shown. the entire
amount exported and sold in every foreign mar
kot annually, varies only from eleven to about fif-
teen millions of dollars worth. OF five hundred
and - millions worth produced, but fifteen
millions worth exported. Tho residue must.
Of course, be consumed here, and the producer
finds n sale for tho amount beyond his COLI
sumption in the homo market. Those engaged
in the various branches Of manufacturino-th
minors who explore the bowels Of the earth to
bring forth its rich mineral trcasurcs-tho wool
growers, who furnish tho material for tho
woollen manutac turers-the operatives, who are
employed III the extensive factories Of New Eng
land, we'll as the vast number of mechanics
who scattered throughout tho land, all silbsist
upon tho productions of the farmers labor, and
aid III making up that demand for his surplus
which constitutes his market. In proportion as
tho number OF those engaged III the various me-
chanical and manufacturing pursuits of the coun-
try are increased, will the consumers of agrlcu-
tural produce be increased, and consequently the
home ma rket DO extended. The census returns
of 1910 show that there were, at that tlme 19I.-
40 persons in tho United States engaged in man
ufactures l3.2l1 engaged IN mining; and 49,
O76 IN informal nav gnton-fnaklng an aggregate
Of S4O,036 persons engaged in these pursuits
These embrace only the operatives and do not
include their families or dependents, who subsist
upon their industry. All of these, with their
families and dependents, CONSUMERS Of the
produce of the farmer, and creates demand for
his surplus. If YOU add to those above cnunlor-
ated. III ,607 engaged IN commerce. 56.O2I on
gagged III navi gatng tho ocean, and 65,255 in
professional pursuits, you have an aggregate Of
l +1,,,
arc the purchasers and consumers of tho farmer's
surplus. The entire number Of persons engaged
III agriculture III the United States, at the Same
time, was 3,7l3,93l, SO that the number of those
who not engaged in agricultural pursuits.
but who arc tho consumers of the surplus pro-
duccd beyond the consumption of the producer.
arc nearly onc-thlrd tho number of tho producers
1t IS the demand for the consumption OF this largo
class of population, which constitutes the far
mcrs homo market.
a protective tariff, embarrassing tho number
of persons engaged in these pursuits. Increases
the demand for the fruits of agricultural labor,
and consequently increases the price. If. by u
reduction of our duties, manufacturing cstab
liShmcnts DESTROYED. tho materials for our
clothing, our farming tools, and whatever else
need. the products of manufacturing skill. instead
of being made at home, will be made in Europe.
The persons employed in their manufacture will
be subslstcd upon tho grains and provisions of
mcrs will find less active demand for their pro-
ducts, and consequently prices must fall. But
tho owl does not stop here. If manufacture
ors and mechanics compelled to suspend their
business. from the ruinous effects Of foreign COM
petition, those III their employ must be discharged
and large portion of them will DO compelled
from necessity, to enSagc III agricultural pursuits.
They then add 10 tho amount OF agricultural pro-
auctions, and thus Increase the surplus, WHILE at
the Same time. the number of purchasers will DO
greatly diminished. The farmer will sec tho Of
feet IN the lcssenod demand and diminished prices
for the productions of his farm.
| will further illustrate this position by the
statement of some familiar facts. Vermont is a
wool growing State, more extensively engaged in
that branch of business, in proportion to her pop
ulation ard territory, than any other State. She
has about l,6S0,0o0 head of sheep, which arc
raised for the fleece. Wool Is an article which
has never been exported from tho United States
to any extent. 1t cannot be produced here and
sold abroad on terms to romunerate for tho labor
employed. Instead of exporting it, large quanti-
ties are every year imported from foreign
tries. The wool growers of this country must
look to the woolcn manufacturers here for their
salos. If VIC buy our cloths and other woocn
goods from abroad, they must be made from
foreign wool. Our woolon manufac-
Jurors will be compelled to abandon their bu-
sincss. and the demand for wool Will cease.-
The wool growers of Vermont cannot sell the
floeco of their focks in Europe. If we do not
manufacture woollen goods, there can be no de-
mand for It horo and the consequence will be that
the people of Vermont will be compelled to aban-
don the business Of producing wool, and turn their
attention to some other business. Will this af-
feet the interests of the western farmer! Sure
ly 1t will. 1t the farmers of Vermont can no
longer find sale for their wool. instead of rails
ing sheep they will raise cattle and grain. They
can raise one head of cattle where they raise ten
of sheep; and instead of raising. as thoy now do
ono million six hundred and eighty thousand
sheep, they would raise one hundred and sixty
eight thousa nd head of cattle. These would be
taken to the markets of New York. Philadelphia
and New Orleans, where the western farmer
soils his cattle, and como in competition with the
western cattle. The consequence would be, dull
Ter sales and diminished prices.
Again. from the best estimates which can be