Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1844-09-26


they agree that the imposts should be mainly,
and may, under any modification, be safely
relied on as a fit and convenient source of
public revenue, they mould so adjust and ar
range The duties on foreign fabrics as 10 aE-
tord gradual bit adequate protection 10
.dmericdn Industry, and lessen our depend
ence on foreign nations, by securing a certain
and ultimately a cheaper aud better supply of
our own wants from our own abundant re-
sources
= "The greatest want Of civilized society is a
market for the sale and exchange Of the sur
plus OF the produce of the labor of its mem
bers. This market may exist at home or
abroad, or both but IL must exist somewhere,
IL society prospers; and wherever il does exist
II should be competent TO the absorption of
the entire surplus of production. II is most
desirable that there should be both a home and
a foreign market. But with respect to their
relative superiority cannot entertain doubt.
The home market is first in order, and para
mount IN Importance. The object of the bill
under consideration is TO create This home
market and 10 lay Tie foundations of gen-
mne american policy. II is opposed; and il
Is Incumbent upon The parisans of the foreign
policy Qcrms which shall use without anv
lnvIdious intenD TO demonstrate that the for
elgn market is an adequate vent for the sur
plus produce Of our labor. But is it so |?
First, .torign nations cannot, if they aUould.
take our surplus produce. IF The source of
supply, no matter of what increases in a
greater ratio than the demand for that supply,
a glut OF the market is inevitable, even if we
suppose both 10 remain perfectly unobstruct-
ed. The duplication of our population takes
place in terms of about twenty-five wears.
| ha and l.
our numbers multiply. But it will be suai-
cient approximation to assume this ratio for
the present. We increase, therefore, in popu-
lation at the rate of.about four per cent 7cr
dnnum. Surprising the increase of our pro-
ducton TO be in the same ratio, we should.
every succeeding year, have of surplus pro-
duce four per cent. more than that of the pre-
ceding year, without taking into the account
the differences OF seasons which neutraize
each other. III, therefore, we are to RELY IN
on the foreign market exclusively, foreiuu
consumption ought to be shown to be in
creasing IN the same ratio of four per cent.
per annnm, If it be an adequate vent for our
surplus produce. But, as | have supposed the
measure of our increasing production TO be
furnished by that Of our increasing popula
ton, so the measure of their power of con-
sumption must be determined by that of the
increase OF THEIR population. Now, the to-
tai foreign population who consume our sur
plus produce, upon an average, do not double
their aggregate number in shorter term than
That OF about one hundred years. Our pow
ers OF production increase, then, in a ratio
tour times greater than their powers of con-
sumption. And hence their utter inability to
receive from us our surplus produce.
"Bnt. secondly, if they could, Mcy aci1I mol.
! ST
ception of our agricultural produce, so far as
1t comes into collision with lis own; and I'M
der that limitation we are absolutely forbid 10
enter their ports, ercept under circumstances
achich deprive them Of all ralue as a sieGdy
market. The policy of all Europe rejects
those great staples of our country which con
sist of objects of human subsistence. The
policy of all Europe refuses to receive from
us any thing but those raw materials of small
| er value, essential 10 their manufactures to
winch they can give higher value, with the
exception al tobacco and rice, which thew
cannot produce. Even Great Britain. 10 which
we are lis best customer, and from which we
receive nearly one-half i'm value Of our whole
imports. will not take from us articles of sub
sIstence produced in our country cheaper than
can be produced in Great Britain. I'm adopt-
ing this exclusive policy the States of Europe
do not inquire what is best for u.s. but wha,
suits themselves respectively ; they do not
I take jurisdiction of the question of our inter
ests, but limit the object of their legislation
to that OF the conservation Of their own pc
cullar interests. leaving us free to prosecute
ours as we please. They do not guide them
selves by that romantic philosophy which we
see displayed here, and rLjch inUokes as to
continue TO purchase The produce Of foreign
'ndusiry, withom regard to the state or pros
perry OF our own, that foreigners may be
| pleased to purchase the few remaining articles
OF ours which their restricted policy has not
yet absolutely excluded from their consump-
ton"
Our agricultural is our greatest interest,".
IL ought ccer 10 be predominant. .aU others
Sho"id 6end TO u. And, III considering what
is Tor IFS advantage, we should contemplate it
III all It's varieties, Of planting, farming, and
grazing. Can we do nothing To nvigorate it ;
nolhlng TO correct the errors of the past, and
TO brighten the still mole unpromising pros
poets which lie before us? We have seen. |
think, the causes Of the distresses of the coun-
try. We have seen that an exclusive depen-
dence upon the foreign market must lead TO
still severer distress, to impovershment. to
ruin. We must then, change somewhat our
course We must give new direction to
some portion Of our industry. We must
| speedily adopt Il genuine american pozjcu.
Shll cherishing the foreign market, LET Us
CREATE ALSO HOME MARKET, 10 giUe fur.
her scope 10 Tie consumption of the produce
! Of american INDUSTRY. Let us counteract the
policy Of foreigners, and withdraw the sun.
port which 1ce now give to their industry.
and stimulate that of our own country.n
"The creation Of HOME MARKET. is uot