Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1844-04-04

"""'"lSh'' anu rival the best DAYS q
Ne" York and philadelphia And nor;
than all sir the spirit of he people. bro
ken down by tie steady and prrgressiv,
decay 81 then fortunes, wonll rise will
renovated energy amidst the animatn.
spetta cle OF general and prn.ressiv,
prosperity But the GROWING glory o
this great chan-e would ne. that It wa,
produced without the possible in,utatui
OF Injustice Inflicted upon others. an,
simply from being restored to our natu
raj right To enjoy The fruits of our owl
| iudas;ry. 4.....
i.et Us now trace the operation Of ihi+
political change upon the prosperity oil
the manufacturing contederacv If the
Niidse and Eastern States. The man
uiaoturers now recPise al ann,ai bounty
OF about $50. 0(0.CCO from The coubnetl
system oi re, enue aud protective duties,
iald mainly npou that BRANCH of imports
; which would now belong 10 separate
and independent oonlcderacy. OF this
they w.ouisl OF course be dep, hed. The
| Whole protective system would be at an
end. Their new government womb
have no means to protect them. and they
would need no protection. For how un
necessary and absurd would 1t be TO i'm
pose high duties upon fnltign manufac-
lures where there would be nothing II,
The country with which to pay for then?
Trey would not come in. therefore. If
w w"ild open Your ports and proclaim
free trade. :,
The difficulty would be no longer IN
excluding foreign manufactures. bat in
obtaining Il market for their own. And
where would they fad that marSe,?-
liz the planting ennfederac,? = They
would NOW have to CONTEND against the
foreign manufacturers in that market.
not only without IA protection of 40, or
even 90 per cent. but without any pro,
lection at all. 1t would be our right
and our duty to impose tie same re,e
nue. dutie, upon their manufactures that
we should impose upon those of other
countries; thus receiving a fair revenue
ut 10 per cent. from manufactures on
which we now pay a bounty of 40. And
where would tins manufacturing conted-
eracy find source ui revenue? If their
domestic exl orts may be fairly assumed
as the measure OF their impnr,s, these
would hardly reach twenty.millions.-
Aud duty of even 40 per cent. would
,ield,a very inadequate revenue. If cum
pared with that of their southern neigh
bor. The result would probably be, that
half their revenue would have to be rails.
ed by internal taxes. repugnant as these
are To the motions Of the senator from
Maine; and they would probably be I'M
posed IN the shape Of excise duties npun
those very manufactures which would be
de, rived ut the protection of a 40 per
cent duty. which they now enjoy. But
sir, have not yet finished the gloomy
porlcaiture Of the manufacturing conted.
eracv. as it,Auuisi be under the new or
der of things. Tue States which would
compose that confesleracy now receive
the greater portiontp-obab nine tenthsl
OF the enormous disbursements of this
wastelul and e,Ytrava.aht government.
This is no small matter. sir; few of
he most enlightened statesmen and po-
Ii zeal economists ever. realized its ii;i-
portanee. till The close of ahe. twenty
years war which grew out Of the Frrn, il
revolution. During that war. the tinan-
rlal resources of Great Britain seemed
IA, mira, ulous. AS the military achieve
mrnts IT Napulenn. NTH an annual
expenditure Of $500 100000 for several
Years. ot which $500. 600 COO was rails
rt by taxatlon. the people seemed to be.
and actually were. for the time. eminent
IL prosperous. But ut the close ..f the
war. when these y;,s: disbursements eom
pa atsvely ceased. general Gerress,on
a d d stiess followed, instead If the in
creased prosperity anticipated. The
extraordinary influence Of government
disbursements at hume. in raising the
price, Of commodities ,arul labur, and in
,timulatin. Industry, Was then. for the
first time. fully disclosed. And it was
| the opinion ol able writers and statesmen.
that. during the war. the disbursement
% S5OO0OO,0C0 annually IN Great Brl-
tam. derived from loans aud taxes. Yer,
nearly Unidentified the people fur tn,
current burden OF taxation. But this
was neither nnte nuI less than the peo
pie Of the day living upon the resour, e.
nl po-teiii,---the one bluattd with art,ii.
c,ai prosperity. the other ,luoued to per-
pelual and oppressive burdens. And
now sir. to apply this example to the
case before US. how perfectly do the
manufacturing States now represent tie
people Of Great Britain during the war,
and the exporting States theIr prospect
": Under the political change | have
supposed. all the present disbursements
would. Of course. lie withdrawn from
the States which now receive them.
have thus. Sir. presented a state
ment OF the results which would tax,
/ place IN the ,hanulac turing confederacy
with the same sort cf historical fidelii,
/ which endeavored to observe in tn,
statements i made relative to the plan
i ting coniederacy. have stated nothin:
speculative; but, on The contrary. result;