The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1844-07-04

NNNA@sMANN - As4sN sEe&@ttf - fEe&N ~
81 .ar. IL q ssIs ira Ihsi q e .. lsry e
pfeisrlien enkaesed ne prses &C roano-
diiiss. Il wosld be fesnd sIsl her rkesr-
nsfs. pfssall,bg 10 . lire 81 rssee. shrn
The f0frign supply nishl Be epsa n %.
wauld b no eqaisalsEl far ne desrnes, in
= period 81 wsr. shsa ,hsi saprly .osld
Be qua Of iscm -. sa Dol AID enough
% reeoIleet che ssf~rings 81 me solclsEy
snd pepulslicn Of he u it'd States DIR
iag Ihs var Or independence: bit history
and tradition itll % = hsl lkey SER: hey
inform " Whist lises @srs ssen6red. shat
disenmiosls existed. whsi hssdships our
1nrlsd and unshod soldiers bore. wbst
!ehieIpfizes veie retarded OF psralyzsd.
Even. during the Last ~ar. oil az %. .ho
arc old enough 10 remember II. know
what sifieuliirs. ard II uhsl great cost.
The neeessssy elsihing and means Of de-
febre sere oblsined. And who does not
feel conscious pride and psiro'ie ssiislse-
lion thst these sufeTinfs. 10 any fnivre
war. will be prevented. ar greatly sllssi-
sied. by the progress Which our infant
manufacluIes have already made. II the
policy Of encouraging them wisely. mod
frslsly, end certainly. be rersessred IN.
the Day 10 not disisn, when, resiing ppm
cor own inleIn.l Tesourcss. We may be
perfectly sore Of an sbundsns supply ofsil
our necessary wsnls. aud, in this respeei.
Pot foreign powers and foreign wars st
lde6anee. | know that. from extreme
suffering and The necessity OF the case,
manufactures. in the long run, would
arise and snsisin themselves. without any
encouragement from government. Just 90
an unsided infant child would karn to
rise. TO stand, and 10 walk; bot. in both
instances. great distress may be avoided.
and essential assistance derived. from The
Kindness of the parental hand.
The advantages arising from The divi-
sion Of ihe labor Of The population Of
q country are too manifest TO need being
much dwell, upon. think The sdsan age
Of o hume, % well IS foreign markets. is
, equally manifest; bu, the home msrket
can only be produred by diversified pur-
suits, creating subjects Of exchanges, AZ
home % veil IS sbrosd. II one portion
Of The population Of country be euesr-
ed 10 the business Of manufacturing, il
must derive i,s means Of subsistence from
! The agricultural products Of the. county
J in exchange for their fabrics. The sfs',
Of these mutual exchanges 10 bensfic.s !
J 10 both parties and The whole eonniry.
} The great law, which regulates the
prices Of commodities, il that Of supply
and demsrd. II the supply exceed the
demsnd. the price falls; il the demand ex-
coed the supply the price rifes. This
law vii DO found 20 be invarisbly true
Any augmentation Of supply is beneficial
10 the consumer; but. by establishing ma
nufartures 10 the United States, an addi-
} ,ional supply is creaied. Again, another
J principle, universally admitted 10 be be-
ne6cisl to consuu p,ion. is, the principle
Of competition. II Europe alone supply
The American consumption OF msnufac,
lures. Europe will enjoy a monopoly in
that supply. Ths. monopoly, is 10 true,
will be subjectto The competition which
may exist in Eorope; but il would be
still restricted 10 the, competition, By
the existence OF manufactures in The Unit
ed States, On additional compel ton 10
created. and this new competitor enters
he American market. contendIng for it
With The previous European compel itors.
The result 10. an increase in the sgqre-
gate Of supply and consequent reduction
in price. But il has been argued, that the
fabrics manufactured 10 America take the
place only Of so many which had been
before manufactured in Europe; that there
is no greater consump ,ion in consequence
Of the home manufacture than would ex-
list without IL; and lhs, it is immsierisl to
the consumer whe,her The theatre OF man
ufacture be Europe or the United States.
Bu, think this 10 an extremely contract
ed and fallaeious view of The subject.
Consumption is greater in consequence
Of the exi.tsnce al manufactures at home.
They creste demand Tor labor, which
would not exis, without thom, and the
employment oil labor crestes an ability tn
consume, which would not exist without
il, How could the American labor EN-
ployed in manufactures. al home, supply
its consumption Of European commodi.
ties. il i. were deprived Of .ha, employ
ment! What means Of purchase would
| IL possess! II is in vain TO point TO Ag-
ricul.ure; for every department, of that is
already ptoduring super-sbundan,ly. Il
cannot be quesuoned tha. the chief cause
Of the reduced price OF Cotton 10 The ex-
cess Of produeuon. The price of il w oad
rise, il less w'rs produced, by d,vsrnng a
portion Of The labor employed in its cul-
| tivstion to some other branch Of industry.
This new pursuit., would furnish nes sub
jec,s Of exchange, and those Who might
embark in it, as we'll as those who would
continue in the growth Of cotton. sould be
both benefited by mutual exchanges. The
day will cane and is no. distant, when
The South will feel an imperative neces-
si.y roluniarlly to make such, diversion