Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1844-02-20
SPEECH OF Mr. " tNs o


the business al home Bal VIII The
eso8s be- cheaper alier me competition
has cetsc8 % exlslf Suppose YOU De-
pend NaJAy On The lore,sa market =
~ you tasns tbeY are gong 10 sci al
cnsi. y. lucy al Indemnify taem
seiyes fsr fhetr Ias.as rs hNas tHef
own prices Ba Wy shout q b.
wished q import gools - take The % aee
OF American couonsl Why should We
dispense with leu millions 81 good
strong cotton Goth 10 Get that amount
IA ladla coltousl or what bench, would
II be n tue South 10 bring MO tins
country manufactures OF laifa eolioal
The importation, duy free. 81 len
millions o. laoeign cotton goods and 81
millions Of other unIcies would break
down the home m4n4laclBre. u here
Is the capital aud labor eup'oYei ~
these produces 10 - when liberated from
Manufactures / has % - 10 increase
nc alrca Is cnorn as pfollels et Agr
culture. It's 90 aelnct 10 Increase our
agricultural pr1iar.s, ana, indeed, Il IS
necessary So dave 81 some portion o.
cppi'al and labor from Agriculture inio
other pursuits, for the purpose Of al
fording n market iar agricultural pro
ducts. Vac Is II cansnn, forn aI
l,ous Of manufacture goods a8.r tn
destruction of such a. a.aiaul - ~ Is
tryi Our capacity lar e4a.HnF Hoa
viii be jimnlsnc bY tae want - #feHt
able employment.
The eiTeei ol Transferring - Europe
the manufacture OF The loay mi taus
Of CO n nodlues Wi not b. - 5sltlis.A
10 the South as The Senator >apP1scs -
We cannot expect that Europe W.. con
ducts, because We emply their labor aud
CAPITA ~ manufacturing for Us forty
millions IN goods. A very large part of
the cost Of producing the goods consists
in the wages OF abo,cf, aad ~ the ne
cessary e. ,euse Of lR.ns, Inc ~
crease oil Inc manufactures b. England
Therefore, nigh. ra.se the ,also of ag-
rlcullUrai produce 10 ltue.rud. bal Il
would not increase the ability TO con-
sumo our cotton. The profits o8 the
manufacture will not be expended ~ .he
purchase Of cotton. bul ia that OF the
products OF England In fool cloih,ng.
and habilaiions for her lab8r6rs. H.
will enable them 10 live better al home
All the beneh, would attach 10 the for
elgn manufacturer, and not TO The cot
ton grower In tins country.
The gentleman has drawn d5,;nc>
tlon between The employers of capital
!" naa.i .ass.s,assf.eylo SIR ii ~ the persons
employei against the capitalists. Who
gan The ,ea,i ~ the business Bfth~
great mas % taose employees ~ mana
laciufes ia this county are NOS capital.
ISIS. Much is sad ~ tse GommcfciaI
Emporium \ ausr pfasafIou al oar
manufactures are c4rt,1 m Ia work
shops oi the cities. Nul ogIv are "A
vast number Of artisans eispIote8 ia ttiq
cites and towns thr1uebau, lac cau8
try. bat vast number of labofefs are
employed IN erecting faco an1 IA
thousand other works depending or
manufactures All these would ba e.
qaally effected by the reduction of da-
lies. There are also many hanjcfaH .
employ menis-lhe making Of boots.
shoes, hats, &c taai are not carried
on oy capitalists, and al Of which would
be Frustrated bY he abandonment gf tbe
system. The true policy Of every en-.
Payment 10 It's people. and thus cna-
o'es country 10 support taxation. aud
~ nee retefses q any should oe.ar.
The honorable gentleman frsotfcd 10
Tue Census fab.e, a work nli of errors
an1 detects, 10 prove J4at thep foius al
mani aclares arc enormously great -
hut theie u much better tIth8fuy "a
rely upon. b. W1isA iJ eaa BE- shown
mat the profits, y4c.Iei be manufactures
nave MOI been from THE com neaeemeai
Of The business ~ iais country. sia Der
seh' on the capital employed. Tbe,r
Proiils instead OF beng now lhsIly ar
.ef'y per cent as he Senator supposed.
are not N any instance within my
,oo"ledge, more than twelve per con
some statements have been published IN
nc newspapers that have lead 10 erro-
h'ous conclusions on this subject. Some
'ompanies with large capitals. have lost
," largely tina, they have reduced ,hcr
'apl'ai one half In cases where the d
'aptial vas million Of dollars, n ha. ,
'een reduced 10 ha'fa million. and NJ, e.
.Nloend GA profits was made on the r.. ,
aced capita, Dot on the whole Can't. a
put 10. So Il The dividend y
WE'VE per cent. uomiuaIly, IL is. Ia o
ae', al SIX per eenl on ihc whole cam.
a. Many have saved iiae from de- IA
Hue'ion aud have abandoned the bu,i- ii
,es'' selling out their baiiiings aud ma ii
u'ur'y a ha'i what they cost. The 5
1Ienasefs' awaiting themselves of tins $.
o'antage' and Of the Increased demand
'f goods are making, IN some tns,an,.... n