Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-03-05

iaon, which 10 made at the of per cent yearly,
augments rather than dmnishes the surplus, as each
new member OF society here, instead OF being, as n
some countries burden, and eating up part OF
what the others have, or need, becomes producer,
and, ere long, adds yearly TO the comnon income
much more, on an average, than he consumes Cen
t!emen seem blind t. this beautiful dnd encouraging
pecuarty IN our national position, and which should
justly render our country long real asylum for
the anlshed of all nations; and they find difficult
to get rid Of European and Asiac IDEAS where ugri-
culture 10 stationary and every new birth tends to p!o-
duce scarcity and suffering Look at The official figures
IN cohneS,on with these supposed facts In 1910, by
imposing higher duties assured that addi-
tIona! and better home market would speedily be
ted by an increase in manufactures and all surplus
productions would be consumed here and proftahly,
and the country become independent of foreign mar
kets, and Of the yauyer labor OF Europe How has
this prediction been verified? So Ear from happe ming,
IN the next eight years ruin overspread the country,
ana the home market utterly failed 10 onr surplus.
Again the duties, in 1924, raise -si. hehsr,
with promise that the hope would then be fulfilled,
under great additions TO manufactures. They
said to be on The of taking root. But in only four
short years, again disappointed in the growth and suf
ciency of the home market the higher tariff Of
lc23; ard again in 1912. to another disappointing
round tariff still higher than that of 1890 In
the meantime, to test, by the actual official figures
poorly The home market has grown in whole quarter
Of century, TO absorb all most Of our surplus,
1t appears that this surplus required to be export
ed or rot on our hands, is hundred per centum
more than 1t was twenty years ago and, as before
shown, the aggregate of it exported during the
last ten years, is more than double what the aggre-
gale the previous ten Even during The great.
est height OF the duties, il appears by the tables used
The other slde from 1921 t, 1892 the period when
he duties began to be reduced The surplus, instead
Of being more and more used up here and purchased
in the home market, increased from SAB 67I 500 to
S63 l31, 740-ahout so per cent
AT this rate o. progress the home 1nlrtt (takin0 off
nj suTplus,j it would be effected TIL dooms-
day. and, indeed would yearly grow worse and worse
instead Of better and better. Bat if any Senator sup
poses that possible, under this new and higher tariff
IN the face of these recorded facts, TO tempt so many
more into manufacturing as TO augment their demand
soms~ha. faster and check somewhat the production,
what IN the mean time is TO become Of the re.
duced surplus and the owners of it, till the who'll is
yearly absorbed And what but run-wide spread and
inevitable run-must gradually overshldow and over
whem the whole of them' No, SIR Our reason, our
experience, our common sense, when applied TO this
novel condition, show that, beyond all the home
ket can take, surplus from agriculture WILL on the
contrary grow as nur settlements grow; and more and
more need foreign markets, TIL our people, if remain
ng free and united, cover the spaces between the
Mrssssipp and and The Rocky mountains and thence
TO the faclhc, moving westward n branch of the
Caucasian to the arthest limits Of the globe
Saying nothing Of Texas Canada this growth in
agriculture wi! halt TILL denser population and
profiably and naturally ID such manufactures as can
flourish here without artificial stimulus Let NE entrea,
gentlemen not 10 overlook these unerrng Indications OF
HE present u!,e Esuiciency of the home market, be
happen TO do what much relied on in this
deba.e-consume hundred thousand bales of cotton
more than did ten years ago Can they forget that
we produce probably million bales than did
ten years ago, or as much IN all as it was then est-
mated grown in the whole world! And what is TO
become of the additional nine hundred thousand bales
| ,t,o
sent abroad And do they see by the very last
rivals, that England, in single year, has bought and
consumed halt much more oil our cotton as the whole
wants of our HON. market, Even France consumes 80
per cent. more OF our cotton than all our home
ket though, in 1881 the manufactured themselves
timltcd thai then used much Of il did
Hence, in point OF fact, the French market alone, be-
side the greater increase in England hos for ousirp
ped, in lis demands and wants Of this article all
boosted home market.
But If generally TO compare markets for
raw oton-the home and the forsgn-when in fact,
is comparison but clear gaiu of all the foreign
mes, what is the RESULT The foreign took last year
1920 900 bales, 10 only about 300 900 consumed at
home-of more than seven times as much, and the
grenter demands Of England alone, such, that she
makes two hundred and fifty millions worth yearly OF
cotton fabrics, TO our forty seven and half millions -
or FIVE hundred per cent more
A Senator OH the other side has talked of the great
home market Of England for her own manufactures
and mas helu " Up as example ID jut uoes M
know, thai after supplying all her home TT, she
has surplus of manufactures for which she must nd
does nd ether keis her foreign possessions or IN
foreign countries and large and numerous ones, she
.oud not live unprecedented single year: The ex-
ports from hundred TO two hundred and thirty mil
lions Of dollars year OF surplus mannac beyond
all her home n,arket-ndependent OF other domestic
productions, equal near $70,00O0OO more. All tins
immense sum would become lost, the articles valueess
If she did not find provide foreign markets for IT.
This s, TRUTH us to PRINCIPLE Inc example tnat shouo
be held up for u.s.
She hnG negotiated and coonized, and fought, for
century or more extend The foreign markets. TO con-
sumo her products; and, without those markets. would
have continued what he before was, second or third
rat, mower in Europe would long since have sunk
under her wars and debt, instead Of being, she ID
now, the rrepondeallng power IN the world Assisted
by those markets. she has been enabled TO add not on
" possession after possession there but IN Africa and
America: and empire alter empire III Asa ana Austria
la until her landed capital away from home Is valued
a. more than half its grea! amount there and her tr
bn,arv populat,on away than tsnlold the rest
all of il exceeding one hundred and eighty millions
Thus while the annual produce oil Great Britain alone
IS only about 800 900 coo, she has one OF near Sd
| 400 900 0H0 Including her dependencies and, while
| thu population Of most European countries consume
per head only about twothrds OF shll!ings worth Of
| her manufactures, and but seventeen shinGs
! uar head her colonies in America consume thirty
on, and half shlings worth per head; those in the
Yves, Indies sevenvtwo, anu tAose OF BRUSH origin
in Australia two hundred aud thlrty-fve, and thus in
directly hep much 10 build up and sustain her vas IN
dustry at home.
what we, too, would have been but for foreign
markets was iorcbiy slado@ed forth during the embar-
20 of le0! and the intercourse IN 1909. and IN q
remo.er degree during part of the war OF ISL AL
those measures may have been proper, looking TO high
nolt,cai considerations bu what did the farmer and
ship-owner think Of the blessings and excri'enc'es OF
home market alone during the period when lntie was
sant abroad For many years. beside Engiana ana
France for large foreign markets for our greatest sta
ples 8 hat should we have been without stil others
without breaking into The formerly prohibited posses
sions of Spain in America ; without a more enlarged
intercourse with the vast empire oil Bfazl "'thout
more extensive markets Germany, and our vessels
exporting our products more and more 10 reno'es'
Asia md the isles of the paciiic' Waving iurthef
Illustrations on this could hardly he soieu ,ha'
the protective system obsiIna'iy aahefea u,
when j, not only tended 10 inure oil foreign marhefs
and throw US on the insufficient, homo one, but 10 drive
from The ocean much of the ships and naVea'ofs ana
ca pta engaged transporting these surplus pouhc-
tons 20 those markets almost every region, nno ong
ing back in return for them, the spare cotnof'S aho
nscessaries Of every other people.
The injurious influence Of this hgn system OF ou'
ties on on. whole navigation, domestic, as "e as TO-
re,q, was capabi, OF demonstration. II al often
been boosted of Us antagonist system 20 at % TO-
reign trade and the arguments 10 Jusuy = ~" oes
1 kaa, rain n.