Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1844-04-19
From tho Geneva Courio


of him. Jonathan must at the end OF the year De IN
debt, and if this state of things continues sum
eient length of time, John Will have mortgage Oh
Jonathan's farm and eventually sell nm out. mus
if John sells Jonathan goods to the annual cost OF
al 600 and buvs of Jonathan produce to the amount
of $500 Jonathan at the end Of the first year is
$500 in debt-at the end Of the second year his
debt is & O00-at the end Of the third year s 500
besides interests and so on for any length OF time
2. If Jonathan has other property beside what ne
has embarked in trade, he may get along tolera6y
as long as such property lasts; but the inevitab e
effect Of the above state of things, at the best, VIII
be to en,burass him in his family and business mat
ters-for he must forego many improvements which
he ought to make--deny himself many desirable
comforts and reduce the ,odgeS clich he pays has Ia
boring men So that the balance Of trade being a.
puinSt him, will affect not only Jonathan himself
but every one that depends upon or is connected 'oh
him,
B. IF under this state of things Jonathan deter
mines to make at home what he has been in the
habit of buying of John, he will find out the fol
lowing facts; |. Surprising the cost of labor and
material the same, he will pocket The entire profit
9Cich he before paid to John. This, taking one year
with another, will not be far from 25 per cent In
other words, he will save one-fourth of his annual
expenditure in this behalf 2. By calling in other
men to assist him in making these new fabrics, he
will bring upon his farm large number of new
corners, who with their families, must be fed; and
for feeding them he is sure of his pay as he is their
employer: so that he makes double proht--upon
the produce which he sells them, and also upon the
fabrics which they manufacture 3. The men
whom he employs will be better clothed, fed and
paid as man making fair profits, can afford more
liberal wages than one whe is running behind hand
every year. They will also buy their goods cheap
en- as Johns monopoly will to an extent at least
have been broken up
d. This new course of Jonathans will, however,
be extremely, displeasing to John for obvious rea-
sons He dontt wish to lose his $500 per annum,
and he will, therefore, protest against Jonathans
Jolly-talk about neighborly feelings, free trade and
the like. He may send some iaerloperS on Jona-
thans farm to talk to his men and stir them up a.
gainst him ho will all of u sudden begin to sell
pe,y Low !; he may send Jonathans iOije d silk jrock
Or so and talk to her about letting her children
grow up with such rustic, homebred notions in order
to get her to influence Jonathan or to breed dis
turbance in the family. But if Jonathan is wise
he wont mind it at all he will kick the interopers
off his farm; tell his wife to mind her household
matters and not NEEDLE with what don't concern
her; set his children to work, and tell John he
can't CANNON him any longer.
Now let the reader suppose John to represent
ENGLAND, and Jonathan the UNITED STATEs, and
he has in the above fair representation of the
state of trade and business between the two nations
and homely illustration of the benefit of the pro
tectve policy.
Our imports from England represent of course
what we buy Of her, our imports what we sell to
her. -.
From 1890 to 1907, blouse, Doc, No. 3, lst ses-
sion Goth Congress,) our imports exceeded our
exports by about $229,000,000
From 1907 to 1914, the excess was
same authority about, 9l,22O330
From 1915 to 1888, 4l5,353,60S
In 1889 the excess was, 42,073,655
Total excess Of imports exports, $777 ga, 594
Being the amount which we bought over and
above what we sold, and which, during the periods
aforementioned hadito be paid in specie; for Great
Britain our chief CREDITOR would take nothing else.
Now this enormous amount of money, or the great
or part of it, should have saved ourselves instead
of sending it over the water to John Bull. We
have not indeed, been ruined, because we have
other resources besides trade. have in fact,
been p1ying the losses upon our trade out of our
OTHER PROPERTY, and though not actually ruined,
we have been seriously embarrassed, and at times
so near ruin that we fet1b to be no joke. This
immense drain of specie has been felt in variety
of ways which our people little dreamed of Ithas
cramped our banks, our business men, and our peo-
pie at large, and produced some dozen explosions
which have shaken the community to its CENTRE
But now when we begin to talk about looking
out for ourselves, the English John gets very much
alarmed-Free Trade is now his cry Through
the Journal of Commerce, the Pleblan, ana other
kindred prints he tries chartaby to persuade us to
cut eur own threats lest we may die of starvation
He sends his emissaries to Congress and be-
leaguers the old woman at the Capitol and tries to
fghten or persuade her to starve her own children
lest British profits be reduced. Van Buren,, John
C. Calhoun, Sas Wright, Mckay, and the other
Locofoco worthless, have all at discovered that
it is fearful matter, and extremely ANTI-DEMo-
CRATIC TO take cre Of Gu o,cn peopte-that if .aeri
cans monopolize american business it is FEDERAL
whereas, if Establishment monopolize AMERICAN
business it is quite DEMOCRATIC. But enough.
MR.. CLAY AND THE COMPROMISE.