Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1844-07-12

pIoNenent REACTED upon us, ana, IN like
manner, led TO new contrivances and the
whole process of converting cotton into
cloths has been more than once completely
revolutionized. The consequence has been
vastly facilitated and cheapened production
of cotton goods, and of course proportion
ally increased use of them Cotton has, to
great extent, supplanted linen, which is
more costly of production, and far less ca
pable of elaboration by machinery. Cottons
have also been largely substituted for VOL
lens, in the shape Of cotton hanncls, and
other thick fabrics and they are interviewer
with linen, with silk, with wool, with the
fleece Of the cashmere goat, and in fact with
every textile substance. Cotton is used in
vast quantities for batting and padding, for
canvass, and innumerable other purposes, to
which none thought of applying it until
within the last few years. Hence there is a
demand for this product almost without
limit, and the planter both buys cheaper the
manufactured article, and sells a vastly in
creased quantity of the raw material.
Such are the effects of protection and
cannot forbear 10 notice in this connexion a
remarkable instance of the nterdependence
between different branches of industry, and
of the unforeseen collateral benefits which
] flow from this eminently wise aud paternal
system. The enlarged consumption, and
wear of cotton goods, has proportonally in
creased the supply of rags for the paper
market, and the raw material for the most
important of all manufactures-the hand
maid of that art which is the conservator Of
all art and of all knowledge-is furnished
. ] inc vbon,,,hIo l.
reduced cost illustrations Of this sori
might be multiplied without limit, for there
exists between the various branches of pro
ductive industry the same common bond
which according to an ancient philosophers
orator, unites the entire body of the liberia
arts into one harmonious whole.
But, sir, is not this very bill designed tc
protect particular branch of capital anc
industry, and that at the sacrifice of all 9th
ers 1t is limited that FOREIGN TRADE il
largely interested in the overthrow Of ou
protective system, and for that very trad,
protection is demanded. But in whose be
half is this protection asked and for who's,
benefit are we called upon TO sacrifice on
own productive classes We learn from
unquestionable sources, that Of the importa
tons from Great Britain sixty-hve per cent
is on British account. Ofthose from France
and other continental countries, not les
than eghty-three per cent is on foreign &C
count; and of course nearly the whole prof
, On this enormous proportion of our trad
goes into the hands of foreigners. Shall w
legislate for the subjects of Great Britain
and of France! Shall the foreign importe
himself determine the duty which he will
condescend to pay Are his interest
chiefly regarded in the legislation of thi
Hall But were it otherwise-were tn
advantages ofthis great commerce the prope
gain of our own citizens-is this object @
the promotion of foreign trade worth no
, only its present cost, but all the sacrifice
which are asked for it In 1886, all me
abandoned their regular occupations, an
set themselves to buy, sell, and get gain
: and such was the neglect of agriculture, tina
even oats were imported from the banks c
the Elbe 10 feed the horses that pastured i
the valley of the Mohawk. The excessiv
trade of 1886 was followed by the convu
! sion of 1887, and there has been no lack {
lectures from our Democratic brethren upo
the causes of that CONFUSION. The cris
= of 1887, said they, was not owing to tn
'. specie circular, to the removal of the d.
y posts, to the refusal of the Government
;, recharter the United States Bank, to tn
multitude of State Banks chartered by Den
ocratic legislatures to fill the place of tn;
u dead monster, TO the arrangement, in fin,
J of the currency of the country by the actio
II of Government; No, it was none of thes
u things, nor the combined action of all the:
], thinoc hut IL tho A
" TIoN-THE SPIRIT OF OvERTRADING-whic
o caused all that ruin. Is then the spiri
r. which in 1886 was spirit of darkness, no
: become an angel Of light? If the foreig
C importations of 1886 involved the whole Ian
e in bankruptcy, ruin, and shame, is it no
d wise to stimulate importation to the highe
J. extent to which legislation can carry it
y Again, sir, is not the maintenance, pr
i lection, ard accommodation of this foreg
is trade one of the heaviest items in the co
y of our national Government To VIII
other end do you maintain navy, at Il
D expense of six millions per annum, TO di
ID play your protecting flag IN every sea? F.
ID what other purpose are your foreign emba
i'd sizes, your costly custom house establshme
: and vast proportion of your civil list 2
)" Dir, argue not dSdInst theSe th'hBs 40
1t necessary, but to draw attention to the fac
j that trade too has its protection, and to su
d, gest the inquiry how much more we can ;
of ford to pay for its promotion.
ne Every gentleman who has studied Il
of history of the origin of this Governmer
s. knows that the protection of property,
lie well as life and personal liberty, again
d. both the violence and the policy of foreil
NJ powers, was the chief end sought to be
tn tanned by the establishment of the confed
It's racy The power of granting such prote
m ton as domestic industry reanires. has be