Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1844-02-09

Offices and power Of the country, popularity is
necessary.
To secure popularity that is .ic,ory;war is con
tInually made on all that has been. and all that
is. Every law is faul,ed; every institution, and
every undertaking, is abused and nssaed. Pop.
uarity secured, and victory obtained. locofocolsm
runs mad, in riot, and corruption. For the truth
Of this assertion boldly appeal 10 its history.
Why was the Bank Of the United States as
saul,ed, and the hard money cry raised 10 the
Land?
Ia part to CRAFTY the passions Of the President,
but more from necessity "to be DOING to o.
IN popularity. Look back fellow citizens TO
1880. The country prosperous. Its curren-
cy was safe, cheap and regular. lis trade was
profitable aud Increasing LIS people were con-
tented and happy. lis Government had done for
i, all that was necessary, and the favoriie Of the
people, and his friends. were inirusted with its
Offices. One thing only was necessary, "io let
well enough alone'' That could not be. Some
thing be done. and some thing aeas done.
The currency attacked, the Bank assalled,
and quackery was piled on to quackery, IN the
effort 10 remedy the evils successfully produced;
and corruption added TO corruption, in the Qra,If
cation of pattizans, until all the sources OF our
prosperity were dried up, and dIshonor abroad i,
and ruin a, home, afflicted the land.
While engaged in putting down the Bank Of
the United States, the Party pu, up the State
Banks. When the Bank was once down, the
1
siee." and the State Banks were attacked.
The interest Of the country required that our
own manufactures should be cherished, that the
la boring aud productive population Of our coun>
try should be supported; SO thought Washing ton,
AMI jefferson and Madison General Jackson ad
vocated Tariff for revenue, with view Of pros
lection; discriminating tariff. MIR. Van Buren,
voted for the tariff Of lS2S, the highest the conn-
try has ever had. And the Wings generally are
in fayo, Of a .judicious tariff to afford revenue
for expenses bud protection TO our Industry.
The spoilsmen mus, oppose the measures OF the
Wings, and opposed. not only 10 tariff
for protection, but 10 tariff for revenue with
view to protection, TO jndicous tariff. They
are for opening our ports TO the world, well know
ing that that same world will keep their ports
shut against Us. lis this question, we offer one
short argument. Every emigrant to this coun.
try, however ignorant, whether Irish or German.
English or French. knows, and knows we'll, that
the price of all kinds of labor is higher in this
-~a.ry .h~. - Iraland =. c-.r'~t'-F :7uytahu of
France. These men all know that labor rs more
;han twice dear in this country, as IN Europe
Consequently they know, that, It certain man
ufactured article requ'res Tor ITS PFoouction
certain number of days work, il must cost twice
a much money 10 mako il in America, as /, will
in Europe. II takes the same number OF days
work IN each country. and they cost twice as
much here they viii cost there.
So that if their foreign manufactures trading
TO our ports, only obtains price su!hcIent 10 save
his expenses, our manufacturer. selling at the
same pnce, which the laws Of trade will compel
him 70 DO, must lose money. Every man OF IN
telligence knows tina, tho value OF money IS
greater 10 this country than IN Europe. mat
the rate Of interest, Is higher here than IN Eng
land, Ireland, France or Germany. Hence we
90 to Europe to borrow money. Here the aver
age rate Of interest is six per cent. and our cit
zens ore content while they are not charged more
10 Europe the average rate OF interest Is less
thpn three per cent. In England three, and three
and a alf;--in Holland only two and halt
Suppose two great manufactures, ono IN Eu>
rope, and the other in New England. That they
make the same sort of goods, aud the same guam
,ity per wear, and send them when made to New
Orleans for the Western market. Tha, each en-
ploys the same capital 100000 per year. and
the same number Of workmen, say fifty, IN Eu-
rope ct twenty five cents per day. ano IN ne"
Engond ST fifty cents per day,-lhat the cost OF
each for transportation and the expenses OF sell
ling are the same, and thu, they do sell at the
same nrice What think you, win be the result ?
The Europeans spi,al cost him for interest on
" $4,000 Bl, the Americans copiial costs hum
$4,000 The Europeans labor OF fifty hands,
three hundred DAYS. at twenty i've cents per DAY
will be $3.50; while the Americans labor, Tor
The same number of hands, and the same HnInoer
Of days n, fifty cents per day, VIII COST ) ooo--
The result is that the American Manufacturer,
with his 500 900 OF capital, will be at an ex-
pense In the wear, Of $4,000 for interest, and
$500 for labor. making together Si3,ooo, while
the European Manufa cturer. will only pay Tor
the Same capital and labor $4,000 for interest
and $3.50 for labor making together $500
and precisely one half less than The American
will have TO pay.
Hence, il is clear that, on similar operations
the European Manufacturer must absolutely
.oose S6759, and be broken up; aud that when
the American saves himself. We, makes nothing
the European will make $3.50, and grow rich
Under such ineGuali,ies in the value OF money
and in the price Of labor, i, is apparent that
wihou, such protection as Will place me manu-
fac,urers Of our own Country on an equality
with those Of Foreign Countries. our own mus
give up The contest, and our supplies must come
entirely from abroad This is conclusion tina
The spossmen sometimes attempt 10 a'oiu, oy
| q. nfn Work