Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-10-15

pace, when Is tut 4 lar rriA'ihelaiua lor Use
amount invested. This being true AMI undispued,
i! follows that in obi countries, whore natural
price is reduced BY ihc accumulation Of capital
and the density OF population, this price will aol
only be lover but i! is equally true that the
course and amount o. trade and business being
more fixed and better asccrJainc and the redund-
AMI capital seeking for employment, will reduce
the proii's on all investment, TO the lowest amount
The difference ol tie profits ot stock and the in
teiest Of money in he old and new woIl.s 10
which al,ii>iCn has already been made, al cncc
Illus. ATS ant rr3:cs this deduction 10 e irue-
4 nation under these circumstances scch n, Glc;.,
Britain, will manufacture from the necessity oflhe
case as cheap as she possibly can; for, a. soon
Is her manufacturing capital becomes more pro
iiia.,c than her other capital. there are millions
ready 10 seek these higher profits. Her low iales
ot interest AID her paupcr iaior are the auresl
guarantees tia. she will rn cxo!t from her Gus
toners With her manufacturing capital and IN
dusirg in this situation, all commercial rcst;ic-
lions in ether countries can only haye the eiipc;
Of diminishing her markets, and diminishing IL
The same extent the amount Of labor ard capital
that could bc probably employed l,y her i'll fur
hi>hicg supplies Tor those who purchased her
manufactured articles. While in this situation,
the manufacturer oil Great Britain ranno afford
10 ply any portion OF The b,;rhcn> imposed on The
consumer: Re only receives What is Necessary
Tor iair profit on what he has expended. and
any Cihcr tx OF duty or the Article must lie
paid ~ The only other person whc is Interested in
lhe ,r:nsactioa The amount pai; hy lhccunsumcr
is the Whole OF The sun, tia, encourages productions
aud competition; and The mos, tGJu9htlr>> u.usi
perceive, that portion ol the amount Illus
paid w The consumer ia,o the Golfers 81 Tie
Government and does 10; tend 10 stimulate pro
duclioa or extend competition, wh;c! can alone
decrease prices. The high prices Of tobacco in
England show, more conclusively tlan any ar
9uGenI. the eject ol duties on prices, and Gesig-
nate most clearly The persons ly whom they are
paid. II Tie whole amnun. nGT pad By the i'll
habitan;s Of Great Britain lpr tobacco Vas re-
cciycd bv thu producers ui that article. j. would
stimulate The production, increase the compcti-
ton in tina, branch OF business, ard the price
would gradually tall, until the profits OF The en-
ployment wcic reduced 10 the usual rate. Should
duties be again imposed al that point, the
auoual for whchthe iob7cc3 crop sold would 10
longer stimulate competition in is production
when great portion Of il was received by The
English C.Isou-houSc officers: and the farmers
Of The country, Ike the manufacturer, OF Great
Britain being unable To produce Tor less than thai
amount, Tie OILY method ~ which ihc:' could he
reimbursed Tor theiT ou'lay> wCuid Ire by Gimin-
i>hing the supply, until the demand woald cause
il To sell Tor a plicc which would satisfy The du-
ric> and pay the farmer. And Your Committee
humhly conceive thai Ibis j. The precise operation
OF I'LL protective duties: ani they cannot io!bcar
tn EXPRESS their establishment that men, admitting
the currcc;ness oil this reason can apprehcnd
any CANCER nom a combination o the British or
ether Foreign manufacturers. la break down orr
establishments Tor the purpose II raising thc price
when al the time, tie w.iolc history oi trace
ard commerce tcdche: Us. that il no manuac-
inra. establishments were erected in The United
States. those Of Great Britain wouli he forced
by the great amount of labor and capiial. 10 ic
satisfied with much smaller profits than he Anne
lican manufacturer could afford 10 take
To show the additional cost 10 the Importer, and
con>cGuentlyto the consumer, imposed By thcTarh
OF lisp OF am Tariff, ii will be sufficient 10 take
any article Ut iuleign manufacture upon which
protective duty is imposed, 9iyc lis invoice plice
in England the cost and cEargee vi importation
The yricc il could hc ailo,dc,i al here, allowing
fair y;oti.. ril.opi the duty and what i, must be
sold at r,b tie duty, 10 allow the same profit
The following statement will exhibit in detail the
whole process:
\ case Of cloths. nj lie factory, in the town Of
hnncl.stn- r"s.and is invoccN,
say
Twenty p-., IL yde. caci,-2io
yds. l2S. i1I 90
Case. paper, and packing, $50
Foreign charges, consisting oicar-
riage 10 Liverpool, town dues,
dock dues, carriage rorierage and
s.oragc, Insurance whilst in stole,
bill of ladng receiving and Tor
,,.r,;n,, ,,nSto and In n, .rtiS Gem.