Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1844-02-24


lieve tie mass Of the people from the burdens
imposed on them to support favored class, and
leave them free 10 enjoy all the advantages Of
soil, productiveness, and climate which they pos
sess, and they will become the consumers.
Mr.. Med. next took in hand the argument Of
the senator from Maine, that the result Of the
act Of 1912 was diminution Of prices. Mr..
Med. insisted that prices had risen and been n
sing; but he was interrupted by MI. EVANS, who
said he meant the first effects Of the act were to
diminish prices; but when its full operation re-
vived the prosperity Of the country, the impEov-
ed coalition Of the consumers would have the
tendency to enhance prices. Mr.. Med. pro-
ceeded with his argument; in the course q
which he attributed the rise in the price Of cot
ton in England not to the effects of the tariff law
Of this country, but to the fact that it had been
ascertained there would Be great falling OF in
the cotton crop here; that instead of "a 600 o00
It; would hardly reach $4,000, O0O-he believe
himself not l6, 100000. This.Eas what had ad
vanced the price Of cotton in England.
This tariff law, it was well known, was con-
cocted by spectators; and the manner in which
they carried it through the committees was well
understood. Each sent in his scrap Of paper,
not asking for uniform duty, but for discrim-
mating duty here, and protective duty there,
and minimum duty elsewhere. The moment
they had arranged all this, they abandoned the
halls OF Congress, and rushed 70 heap the harvest
Of their speculations. Some made their $lOO, 900
each-some more, some less. And, a. TO the
profits Of manufacturers, he imagined they were
| enormous enoush-epormous when compared
with the interest on capital in the South and
Southwest, winch he believed did not exceed 8
per cent; at least he knew that was more than
was realized by the plaaters Of South Carolina,
other advantages But he had the best of infor-
nation that the manufacturers tf Massachu
were dividing 20 per cent, and, some Instances,
| laying by surplus fund besides. This was the
result of partial legislation.
After having gone through the principal topics
Of the speech Of the Senator from Mains, and
answered them individually, Mr.. Med. proceed.
ed to Ike, more enlarged REV Of the general
bearings and principles 81 that senstor's remarks
coming the manufacturer for the world, growing
out Of her dense population, cheapness Of labor,
abundance of money to be employed at low in
terest, sc. He showed that, with Chin ana III.
dia now open to her, she could commune al The
cotton this Union might produce, fshe could ex-
change her manufactures for the raw material
The demand throughout the world would in-
crease for her manuisctures, and that woul4 crs.
ate a corresponding demand fsc eur csttea. " aa
| He adverted to the decline Of eonnGee, and
traced its causes TO the tariff system. He showed
that, at one Of the sarliest teAvsntion} N this
government at Annapolis, there va the ffSalesl
solicituds evincsd for preserves and eAcourse
ing oul foreign commerce, Hhich sApHed thai
such was the design or the ifamef1 Of tie cen.
stitution. He showed that Ii this Union were
divided into three eonfederzaiehS, he N6rth and
Northeast as one, the Southwest = another, and
the southern States = anothef; the nantfactur-
tenn one year. They would have 40 revenue
and would be driven 10 direct taxation; whereas
the southern confederation would become thu
impe ring States, receiving, In exchange, foreign
mant factures for their rice, cotton, tobacco, and
sugar----that the southwestern confederation
would be exchangers with the southern confeder.
alton Of their products for the productay of Eu,
rope; for they never would be so foolish as tc
buy, of the New England confederation, its man
ufactures at 40 per cent. higher in price thar
need be paid for the same goods in the southern
confederation. The South would very soon ex
| port one hundred millions, and receive back one
hundred and twenty in imports; on which duty
Of 10 per cent. would yield twelve millions Of
revenue for the government Of the confederation
The northern confederation would not. at Tie
same time, either export or import 100000
and could hardly realize 3,o0o, 600 Of revenue
In ten years there would be such difference
that person absent so long, returning, would be
struck with the change in the condition of these
sections of country The West he would see
grown up into great and ffourishing empire. -
The South, the scat Of commerce and the arts
the great cities of Boston and New York, re-
put in Charleston and New Orleans, and more
! fourishing than in their original, uncongenial
climate. But in New England he would find the
prosperity, comforts, wealth. &C., resulting from
partial legislation, all cones houses falling to ru-
in, cities deserted, furniture selling by auction,
and all the indications Of indulgence prevailing
On asking how came all this? he could be an
swered, not by any act Of injustice or oPpres-
sion; hut by repeating unjust or oppressive laws;
by letting industry seek its own level, and pur-
sue its own advantages in its own way, without
dependence on bountes or government for its
support.
After series Of striking and eloquent illustra-
tons Of this nature, (here very briefly and imper-
fectly sketched,) Mr.. Med. concluded by adj
monishing the friends of the protective system
that there wa. point beyond which oppression
would not be endured, even by the most enslaved
community in the world