Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1844-04-12

Ou! importations Of foreign goods for
consumption (deducling re-expous) a.
mounted, upon an average, for The last
ten years, TO Sll4,399 434 per year;
one half being agricultural, the rssuI, is
that we have imported from abroad an
nualIy into the United States for sale
and consumption, S57, 1917 worth Of
agTcuIlu ral produce, the growth Of
foreign soil, whilst our whole exports Of
the agrjcuIura products of the Northern
Western and Middle States, have fallen
short oi 81 mll'Ds, on on average, for the
last ten years WasIbis a sound sys-
tenn for country in which seven Gig hlhs
oI the entire population were employ.
ed in agriculrure9 But there was an-
other view which showed the great val
ue and importance Of manufactures to
the Iarmers TO which he wished 10 call
their special attention. 1t was this: In
1912, we exported Ss,4i0,694 worth Of
domestic manufactures ons half OF which
(Ond he might safely say two tbirds)
was the produce of the farmers convert.
ed into goods and thus sent abroad for
sale, making an expectation Of sgncuI.
uraI produce 10 the shaps Of goods, 10
the amount Of FIVE millions and upwards;
and this year, he had no doubt, the a.
mount oI domestic manufactures expor.
ted, would be more than Two millions.
exceed The whole exports Of grain, -four
meat, fruit, animals, animal productions,
and this, too, in form not to effect iG-
juriousIy the prices by over stocking
The foreign market with agricultural
produce in its raw and manufactured
condition. 10 this way, Great Britain
was, in fact, the greatest exporter Of
agricultural produce 10 the world; not 10
its rude and original form, but by doub-
ling its vaIue by the addition Of labor
and profits. In l84l, her exports Of
manufactures amounted 10 the enormous
sum Of $50 millions Of dollars; making
her exports Of agricultural produce N
this form, of lis millions OF dollars. The
products of her labor saving machinery,
was equal TO the labor OF eight millions
of men. This was the great element Of
wealth in England as il was and would
be here, and every where. Destroy
the labor saving machinery Of Great
Britain and she would be bankrupt in a
single year. By this she laid the world
under contribution, and enabled her peo
pIeto pay 250 millions Of dollars of rev.
enue annually. So much for the rsIa-
tive value Of the foreign aud home mar
ket for agricultural produce, and the
effect Of the protective policy on the in.
terest Of the farmers.
The cfSct Of protection on prices.
The next proposition of the gent|e-
man from Missouri (Mr. Jameson) was,
that "the effect Of the protective policy
was 10 increase the price oil every thing
The farmer has 10 buy, and reduce he
price of every thing the farmer has 10
seI."
Now, does not all experience, as we'll
as the well known laws of demand and
supply clearly prove, that precisely the
reverse of this proposition is the trutb9
The effect Of the protective policy il is
admitted on all hands, is to build up and
increase the number OF manufacturing g
Establishments, and thereby to increase
the demand for the raw materials, and
bread stuffs, produced by The farmer,
and thereby increase (not dminish) the
price Of every thing The farmer has to
sell; and by increasing The number Of
manufacturing establishments, increase
the quantity Of manufactured goods, snc
thereby reduce (not increased the price
of the goods which the farmer ha'
to purchase. Hence by Increasing the
demand, you increase the price Of every
thing the farmer has 10 sell, and by
augmenling the quantity, reduce the
price Of every thing the farmer has tC
purchase. Such was The we'll knowr
operation OF The great law Of demanc
aud suppIy-unversal and invariabe il
its resultsj besides, by increasing man
uiactures, you withdraw portion OF the
labor employed in agriculture, and en-
ploy 1t in manufactures, making custo,
mers and consumers of those who were
before rivals in the production Of agri
cultural supplies And these results
were not only theoretically, bu, they
we're practically true. He saw it statec
this morning in a paper from that gen
,Ieman's (Mr. Jameson's) country, tina
wheat had recently risen ID cents on tAt
bushel, and that pork was selling fO
double the price it brought just before
the passage Of the Ials protective tariff
And on tho other hand, he affirmed it a.
fact, he defed contradiction, and invi
ted gentlemen TO the scrutiny, that there
was not single article Of any sort o.
kind which had been highly protected
(Which we had The capacity 10 produce
end had succeeded IN producing) tina