The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1844-05-01

tIv3 policy, as eXhlDlteu IN inc arin act "a
1912. And what, in substance, does that pol
icy propose! Sir. it proposes, IN view oil our
recent disasters and the canse which las pro-
duced them, TO bring back the trade OF this
country TO its legitimate footing-to limit our
expenditure 70 our means-to increase the
production of labor and its value by diversity
Ing tha, labor, and by divsring portion Of
il from a pursuit already everstocked, to 9TH
er and more valuable and useful employment
and thu, developing more fully the resources
of the country. II proposes TO diminish our
expenditure, and of course the tax upon do
nestle industry, by creating within ourselves
TO a certain extent what We have hitherto
purchased from abroad-adding at the same
time to the production of our own labor pre-
cisely in proportion az We diminish lmporta-
tion-employing our own labor instead Of ma
king il tributary to foreign nations. 1t pro-
poses not to substitute manufactures for COM
merce, but to lay firnsr and broader the foun-
dation of our commerce, By increasing and
diyersifying our productions and our objects
Of expectation, and thus eplarging the COM
mercial capacity of the nation. II proposes
in short, that system Of economy which, as
individuals, we approve and adopt-to pro-
duce as mach as possible BY the efforts of our
ow1 industry, and 10 keep our expenditure
within our income-goipg upon the assumP-
ton that national and personal economy are
based upon the same principles, and that Ia
tioral prosperity is but the aggregate of in
dividual prosperity. In regard to local and
sectional considerations, it forgets not the
great variety of interests-of soil and climate
of production and resorrce-of occupa-
ton and pursuit, in this our widely extended
country, but very justly determines that the
protection aud the prosperity Of each section
are the protection and the prosperity of all.
For New England, destined as she is 70 be
q manufacturing people, it proposes the en-
cOuragemeat of domestic manufactures
giving to that people a resource by which
their prosperity and happiness may be per-
petuated, and Saving that portion of our her
itase from ruin and desolation; and this, not
by imposing a tax upon other sections Of tho
country, as is very erroneously supposed, but
By stimulating production and auSmenting
supply, ami thus, with the aid OF foreign and
domestic competition, reducing the cost of
tho fabric 70 the consumer, while the increas-
el AID cheaper production makes amends to
the producer for the diminution Of price.
To the people of the Northwest. the pro-
ducers Of breadstuffs and other provisions, it |
proposes an additional market in the manu- |
featuring region Of the East-not at a loss of
the foreign market, such as it is, but in aid of
that very limited market, and infinitely supe- |
rior in importance TO all the foreign markets !
10 the world.
To the planter at the South it proposes an
I'd iitional market for bis cotton-a market
at home, not subject to the fluctuations and |
snl uncertainties Of foreign operations-and /
it proposes to reduce the demand abroad on
ly in proportion as demand is created at
no ne. But this is not all. II proposes, By /
riyalling Great Britain IN other markets OF
ths world, in the supply Of the cotton fabric,
10 secure the planter against competition from
other countries in the supply of the raw ma
,eriai, and TO protect him against the stead
fast policy of England should the article be
produced BIZ her own dependencies; in short,
10 sustain the planter, while At the same time
II renders other countries tributary to our
manufacturing industry, instead Of leaving US
tributary, Gs heretofore. to the laborers of
Europe. Above all, it proposes to preserve
this people from the curse Of a foreign debt,
which snail again by its pressure PROSTATE our
currency, paralyze our industry, depreciate
property, diminish the value of the earnings
Of labor, and scatter insolvency and pecunia-
~ distress and ruin throug bout the land.
In this last consideration the people of the
have learnt, if they have not from past expe-
riencc, that the revulsons which follow ex-
cessive importaions fall first and heaviest up
on them. Let them beware, lest recurrence
to this visionary policy Of free trade should
give them another taste of its fruits. One
experiment of the kind is enough for one gen.
cr4tion-they can hardly desire its repetition.
Such Sir, in brief is the protective policy
that system of political economy upon
which the whole abusive vocabulary of the
English language cOpious as it is, has been ex-
haLsted Such Is this"aecursed" policy. which
has dI avn forth from a certain quarter threats
OF a dissolution OF the Union,
Mr.. President. did hope that this subject
of such vital Importance, would be discussed
with calmness, with cool deliberalion 1t is
with infinite regret that have witnessed ap-
peais 10 local interests aud local preiudices,
and predictions in reference TO our present
happy Uuion, which no true friend of his
country can contemplate without pain. Sir.
il honorable Senators value the Union, and
desire tc preserve it, let them legislate with 4
catholic spirit-considor themselves the rep
resentatiVes Of a great and united people,
having in charge their great and common,
although diversified Interests. aud not az rep
Tescntiug local and conflicting interests and
plin'pus- ~ INC HdfC Tue HCGOf Vi d seat
here, cannot be brought to consider myself
the mere representative OF State, having in
charge lis peculiar interests only, to be regard
ed rs antagonist TO those nf all others, and
promoted At their expense; bat nay design and
purpose shall be to act for ali, to lesislate for
the welfare OF each and every section. and
thus promote the prosperity of all. 1t is dis
sort Of union ceneuted by community OF
in;eres; and purpose, and Perpetuated by mu-
tu1l good will and mutual confidence. Let
the people of this country, AMI every portion
Of them, understand and feel that the interest
every section is here considered and pro-
tec;ed, that no sacrifice ia TO he made by any
except when demanded hy the common veal,
ani that patriotic and catholic spirit guides
your deiiberation and your action, and you
have, in tieir confidence ia the Government
Of their choice, the strongest assurance of its
stability. But satisfy them that each Senator
On this floor acts for his own section only:
convince them, by your arguments and
speeches here, that the interests Of different
Oh