Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1844-03-22

mad SAID respect to cloth was 81 RAILS aqgttca
bic TO iron, glass, a q indeed every species o
manufactures Ie had himself made IRON, aae
he knew as a matter Of pers 3naI Observation am
experience, that when he soil MS iron he pad
eight dollars out Of every # ne whole price
70 me neighhofing farmers tor grafa, l. :. . teo1
his horses, oxen, and mIies and bread meai
and domestic goods. u ciothe end feed rs htnis.
Fo1r-hths of the whole value Of iron was there
fore strictly AMI truly egric li5ur4 produce; aud
the Representatives. sc farmers, "tth Mr. Van
BIren at their head wished 20 gp - Eng aud TO
\ bay IRON, four hfhs If the value Of Which was
British agricultural produce, II preference t. SIS
timing these great markets Tor the tarmer---ths
IRON works Of our own country.
Oar lfnppri atoms Of foreign goods FER consamP.
ton {teducting re-exports) amounted. anon an
average, for the last ten years. II Sl1I399 Is /
per year; one half being ngrcultnral, the result
Is that We have imported from abroad annually
INTO the United STATES for sale and consumption,
So7,1997l7 worth Of agricultural produce. the
growth Of IA foreign SOIL whilst our whole exports
Of the agricultural products Of tho Northern.
Western, and Middle States have fallen short oil
- millions, on an average, for the last ten years
Was tins sound system for a conatry N which
seyen>eig hths of the entire population were
poyed N agricultural Bat there was another
view which showed tho great value aud inpor-
lance OF manUfactures TO the farmers 10 which ne
wished 10 call her special attention. Il was this:
In 1912, exported s. 1914 worth Of do
msstIs manufactures, one halt Of which (and he
might safely say two-thirds) vas the produce Ut
the farmers converted Info goods, aud thn5 sci t
abroad for sale, N king expectation Of agrien
tural produce IN the shaps of goods, to the a
mount Of ) millions and upwards, and this Year,
he had no doubt, the amount of domestic mana.
features exported, would be than two MI
lions Of dollars, exceeding the whole exports Of
grain, -four, meat, fruits, animals and animal pro
dactIons and this, too, / form not 10 effect m
hy ei
market with agricultural proiuce IN Its and
manufactured condition. In this way. Great
Britain was. in fact, the greatest exporter Of az.
rIculurai produce 10 the world; not IN - rude
and original form, but rs doubling is value by
the addition Of labor and profits. In 1871, her oX-
ports Of manufactures amounted 70 the enormous
sum Of 23o millions Of dolars, making her
ports of agricultural produce tins form, of ID
millions Of dollars. The products Ut her labor.
saving machinery, was equal 10 the labor Of 9
millions Of men. THIS Tho great element
Of wealth in England as It VS. and would be
here, and everywhere. 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, nod enabled her PEG
pie 10 pay go millions of dollars Of revenue an
nuaIly. s. much for the relative value Of the
foreign and home market for agricultural produce,
and tho effect Of the protective policy The IN
terest Of the farmers.
IfCtcEbtofA
The next proposition Of the gsntieman ffom
Missouri MIR. JAME7oH) was, that ",bo effect of
the protective policy was 10 increase the price Of
every thing the farmer has TO boy, and reduce
he price of every thing the farmer has 10 SELF
Now does all experience, well So the
well-kupwn laws Of demand and supply clearly
prove, that precisely the reverse Of hIs PROPOSE
ton IS the truth? The effect OF the protective
policy It Is admitted 40 all hands, = t. bond -
ana increase the number 81 manufacturing e..
adjustments, aud thereby % increase the demand
for the raw materials, and bread stuff, produced
bv the farmer, and thereby increase (nol dImIr.
lsa) The price Of every thing he farmer has 10
sell; aud bv increasing the number Of manuf4c-
turing establishments, increase the qnant,:Y OF
manufactured goods. and thereby reduce (not m
creased the price Of the goods which the farmer
has "a Purchase. Hence by increasing the de
mand. Won increase the price OF every ting the
farmer has 10 sell. and By nugmentng he q iantl
ty reduce me prlce of every thing the nfuer
has u purchase. Such The vel known OPP.
Grafton Of the great law OF demand AMI Supply
universal api tnvArIahle IN IT'S results; besides
by increasing m,nutactares, you Withdraw q
porttoa OF the labor employ ed N agriculture, and
employ II IN mauuiac!urts, making customers
and consumers OF those who we're before rivals
IN the prodacIloa ot agricultural supplies. And
these results were not only Theoretically. b1tf
they we're practically true. lie saw II stated
his morning N a paper from that pentlefn1n
(Nr. J,nEsoS's1 country, TINT wheat had recent
IL risen II coats IN tho busbel and th1t pork
was selling for double the prce i brought ist
before the passage Of the late protective tariff
And On the other hand, he affirmed II as a fact
he defisd contradiction, and invited gentlemen
10 me scruflnv, TIA, there was not single arti-
Gle of any sort kind winch had been highly .
protected (which y h1d The cap<cuv - pro-
d8ce and n4d sacceated N Ftotaeing) that the i
proc had not been iovarlhhly reduced BY the
b,,a = rnoat,tian Stimulated and excited by pro-