The Weekly register. (Ponola [sic] Panola, Miss.) 1843-1844, 1844-07-27

tablishnn manufactures in the United
States, an additional supply is created
Again, hhoher principle, universally
admitted 10 be beneficial to consumption,
is the principle of competition. If Eu
rope alone supply the American con
sumption Of manufactures, will Europe
enjoy a monopoly in that supply. That
monopoly It is true, will be subject TO
the competition which may exist in Eu,
rope. bat it would be still restricted to
that competition. BY the existence Of
Manufactures, in the United States, an
additional competition is created, and
this new competitor, enters the A
mcrican Market, coniending for it with
the previous European competitors
The result is, an increase in the aggre
gate Of supply and a consequent reduc-
ton in price. But it has been argued
that the fabrics manufactured in Ameri-
ca take the place only of so many which
had been before manufactured in Eu-
rope; that there lsho greater consumP-
ton in consequence of the home manu-
factVre, than would exist without it; g.
that it is immaterial TO the consumer
whether the theatre Of manufactures be
Europe or the United States. But
think this is an extremely contracted
and lal1acious view of the SUBJECT
Consumption is greater in consequence
Of the existence Of manufactures at
home. They create a demand for la
Dor, which would not exist. without them.
and The employment Of labor creates an
ability to consume, which would not ex-
ist without it. How could the Ameri-
can labor, employed in manufactures a:
home, supply its consumption Of Euro
pean commodities, if it were deprived
Of that employment? What means Of
purchase would it possess? Ills in vain
10 point TO Agriculture; for every de-
partrnent of thal is already producing
supcrabunduntly. 1t cannot be cues
toned that the chief cause Of the rcduc-
ed price of Cotton is the excess of pro-
duction. The price of it would rise, ii
less were produced by dlverting por-
ton Of the labor employed in It's cnlti-
walton to some other branch of indus
try. This new pursuit would furnish
new subjects Of exchange and those who
might embark in it, as well as those
who would coninue in the growth Of
Cotton, would he both benefited by mu-
tuaI exchanges. The day will come,
and is not distant. when the South will
feel an imperative necessity voluntari-
ly TO make such division of a portion
Of its labor. Considering the vast wa
ter power, and other facilities Of manu-
featuring. now wasting and unemployed
al the South, and its possession, al home.
OF the choice Of the raw material, | be-
leve the dav will come when the Cot
ton region will be the greatest manu-
featuring region ofCotton in the world
The power of consuming manufactured |
articles being increased. in consequences
Of the domestic establish ment of manu- |
features by The wages of labor which |
they employ. and by the wealth which |.
thew create. there is an increase also
in the use and consumption df Cotton |.
and other raw materials. To the eX-
tent ofthat increase, the Cotton grower
is directly and positively benefited BIZ |
the location Of manufactures at home
Inst cad Of abroad.
Bat supposeit were true that the shift
ting to a certain eytant Of the theatre
Of anufactures, from foreign coun-
tries 20 our own, did not increase con-
sumption at all, and did not augment the
demand for Cotton, there wo uld be no
just ground OF complaint with the Cot
ton planter, and the most he could say
IS, that it would be a matter Of indiffer
ence tohim. All that would happen 10
him would be a substitution Of a certain
lumber Of American customers for an
equal number of European customers.
But OUGHT II to be- can ii be a matter of
indifference TO him, whether any por
ton Of his fellow citizens in tie United