Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1844-12-06
NEW HAMPSHIRE LOCoFoCOJsM


The Legislature of New Hampshire met last
Wednesday week. Gov. Steele sent in short
message, but one sufficiently stringent as the fol.
lowing extract shows. New Hampshire ocofoco-
ism goes the whole figure against Protection.
"The tariff left as it now stands, will work the
destruction of the interests involved in its immod-
crate protective clauses. Protective duties have
the effect of enhancing the price of the articles
protected, and in proportion TO the rise of prices
Will be the profits made by the producer or manu-
facturer. II those profits are large, the induce
ment to capitalists is great to extend such profita.
BILE business; and this is often done so hastily that
prudence is lost sight Of. A rush takes place. the
business is overdoHe, and the home market over
stocked. To remedy the evil a foreign market
must be csortedto-but this cannot be done ex-
cept at sacrifice, runous alike to the business of
the manufacturer and all other interests necessar
ly connected herewith. That we are fast approach
ing such q crisis, cannot doubt. Manufacturing
establishments are being erected or enlarged with
such haste that time is not given for the damp walls
OF the building or the paint on the machinery to
dry Machines of oil kinds, new and old are ca
gerry sought after and as eagerly set in motion.
Inc land specuatons were scarcely conducted
with less deberation and judgment, than are the
erection of mills and purchase of stocks in mills
already built If the concern can show large div
idends, no matter how made, no matter what the
construction durability Of the building or ma
chlnery may be, they are rarely, if ever, examined
or enqured aiter-present gains alone control the
decisions Of the purchaser The result is inevi-
table-protectlve duties cannot save interests
thus situated from revulsion which must sooner
or later bear heavily on the operatives and force
them either to add to their already burdensome
hours OF labor, or submit to a large reduction of
wages, perhaps both. Such has ever been and will
be the result of all hotbed systems. IF we wish
TO have wholesome and permanent interests of any
kind, are must admit Of a.JaU competitions"
Kind, consderatc Governor exclaims the Buffa-
10 Commercial Advertiser To prevent the cree
ton of too many wooden factories on the mountain
streams of New Hampshire, to consume the wool,
The flour, the butter and the cheese of the farmer
of the free Northern and Western States, we must
expunge "the protective clauses the Tariff" and
'"'adri fair competition" from the wool growers
OF Spain and South America, and the manufacture
turers of England, France and Germany!
What detestabe hot-bed" system, one that
proposes to clothe comfortably American backs
with cloth made from American wool, by American
hands Think of the Wing cruelty to poor op-
eratives," who cannot endure the privilege of wor-
king in cotton and wooden mills" or working at
home on the land, just as they prefer.
What calamity to the aboring people of this
country that the black Tariff has created a de-
mand for 100000 workers TO execute mechanical
jobs, now soon to be given to the operatives of 9TH
er countries, who are.less afraid of being hired to
make human clothing!
Then again Gov Steele will have the tariff de-
stroyed, because it will entce too much capital in
to manufacturing operations, and those rich men
now in the business, will have too much domestic
competition 1t is better for the interests of these
large establishments to have moderate COMPETE
ton from rich monopolists in England who will
have q common interest in keeping up prices in A
merican markets, tat the expense of all consumers
than to have every poor mechanic in the land en-
couraged by protection" to compete with these
overgrown monopolies
Such is ocofoco love for men in moderate cir
cumsances. Crush them to the earth is the motto
of the free traders. There must be no domestic
competition in the manufacture of cotton wooden
and iron goods, because competition cheapens the
market price of goods and that will injure all
sumers