Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1844-06-14

-. W wv i't''b y "l'h Nb"b ""'
lei to the opposite resuit-5nti 1t was the excessive i'm
p'riotion OF foreign productions, To an exten, trans.
scendl1g orr means oi payment. Our expenditure had
exceeded our Inc me; an immense reign debt was
contracted, to be paid, not IN our own productions.
but IN specie. Ii was this debt which, pressed with
reslstless weight upon the banks, an drove them to
tho nlternative of bankruptcy or suspension. 1t was
thls pressure wliclI annihiated the currency. destroy.
ed conf iencc. and arrested he hand of labor. Sir,
could that foreign debt have been at any moment
wi,cd ont IS with n sponge, the effect would have
be,n, 10 all. rasIsctad1n, new life and vigor. 1t would
have restored The currency instantly.
Much lirs been said heretofore Of the State debts,
Us the cause ofonc c%iuhatrass ncnts. Had the amount
OF ihnsalpils been brought INTO the country IN gold
ana silver, II would have been n capital on hand To
meet your cnGalcmcnts. But, unfortunately you had
neglected. your own industry and Your own rcsonr-
ccs. TIE manufacturers OF Eiropc had competed too
successfully with yOuf own. The enormous amount
al lios, lrrns was received in foreign fabrics wool
lens, cuttu1s, iron, N~c.-whiri IN n irw months were
used up, consumed, aud gone, aud you had nothing
TO show a the consideration of yonr Indebtedness
fot were in debt to The extent OF two hundred mt
li)ns; and for what ! Literally, for n dead horse.
The rem wal of the dcp,sires has also been ssslgn-
cd As the cause If tn" Revision. Sir, although that
high hin ted measure was II dangerous experiment,
MD nisciirvous IN the last degree. yet | cannot nd-
mt that ii was The origin of the evil. No, sir II was
oilv the shock To the crunbling edl!ice which frs
disclosed to Won. and to the world, that the fpunda-
ton of Y IL credit had been already un lerinined.
Sir. the cause of The mischief is very simple and in
~tcllgi'lr. The comedy is equally 50. Your eXpendi.
tur- has pyr n lp1 ynur ior,,rup Draw nm vulr rn-
source, stimulate. protrc'. and cncourl re your do
m .sli, in Il.trv. ndj 70 rs t,rnJ,tciinn and yo1r wealth
increase your inco ne, and curtall vonr expenditure.
Iii.is the simple remedy nd Iptrd to tn" evil, and this
Is the basis OF the protective policy and oil the act oil
1872.
That act is designed 10 effect both objpcis-to in
crease the value AMI the production of labor. by d-
vrrsltyinI it. pursuits; and to diminish expenditures g,
hv Supplying hv orr own industry IN some m assures
what ~, have bcrn accustomed Il, uurcho.c from o,h.
>
Sir wo mood rho all ,r M subtle snocul,ti,n or theo.
r.,i,,l rbi,.,uL,rs ,, i,,,r,.J .b,,rins from f,r.
sion nnu,inns ,L,sa ,,nI'i,n ia htr.rrn,. and whose
Interest and p1ljrv nre nn,anoni-, 4, ours To rearh H..
.,,r true ccofony in his pntucular. | choose rather
T., harrow NV ortui,ns from the s,und ,druent and
prrctir,l saarcity of nv nnc,srors-t1 look to nv
untiy. New E,ylouI for the element, ofon rcon,mv
which has been lh,rr g, successfully ur,ctiseJ +, a
e-n.rati,n nav plst ana pnnc. who ihuruh l,rot,d
sm,ny her rocks and hills, upon a barren soil. md he
meath a wintrv sky. have vet thihited 10 the world
IN example Of industry and economy. and Of comfort,
~. ,nJ, rn,n r,r,r ' "''"' Wv ' guy
foSTrrN ,Lr. va =, Jn.,I n~;,.,l, r. un,;
." wi .n"r ptLT" " =, ~" ..'".1., " pI"'r
ccnIrnI,;s,J in HE .i,,T " ry p,,Jjnn, ,s 'L
~ m,sshle n, ,h. ~, ,rr,s 81, ,tns,rr AMI t'.n
.xn,, I,,r, m, v 49, VIII, ",Lr
.",,a ,p,d i,,,l, ,II, ,, ", N"' ,h ~. ~" ~, u,
al 80 "''N'"' 9''N W. '"''
'"n ~ ii 'af'' c. I'LL
ora,,,, ~ n,,. rs - .hn,,n ~ I n"r ~, ~, 'rnn,
a;EnIi,. - rl,r', II ;""n u h,,at
O"n.nr 49, H. Is , Ion ~, ,n, a W. ,Ir"
,l;i' H., H;.aa.,u i. IN. I,,. ~ ~. ~, H., ~, =,
w .Mo u',tI'ny IS u""N m!'t'n,nuH ~! III iuu VI
,L. ", ,"ttE ~ d, ""N W 81 d" +r,L "
III. ~, " a." 9' =, -, ~ ,m'I t"" ""a r, ,,;,
Nv '"n. V y y u'''.'' P,u"'.,''' - 49," 81. y
-. Iau ~ 'n" 'o a. '','"a u ~ ,,",r i -
49,. 49,. is ill., ,i" s'nPH J.. ,"n'." y "'i Wv, . ="
III ~. ~ 10 " aH W ~"
~" ~ =. 80" '"e y, .n"" 90. 'I ~" a ~ m
he a"y,cent. y1lur of l,t,r 10 m, nnount of vonr
manufacturer prnIuctiun At the snn,e riu,p vo, III.
min;sh =, tho s,,,n ry,nn, van xnrrI,urn-ih In ,ax
uno, vo,r 81, ,rE.,i,ur,i ;,1,::trv ~
Mr. pr.siirn, I viii nnw ntncc,d r. notice some
of the ol,i,rii,os f., lie n,li.y The frs, IN orh.,
and IN iTnort,nrn il Thai I dgs,rnvs ro,nmnrco A
greater flil,.v Than his c,nno, bc c,nccivrd Con.
,j.men n h. vnh nr.at n,nnh,ss .WiIl wan d,s,rny
commerre1 u Nh sir we Jc,iro M srrh ,hirr-w,
outicin,i. no such ,hinr-wn Jupr,bcud il moi. Oar
rIrn,.o il ;, Ia rcrrl,fe il ~ ~ make : snhsn,, io,t
40 General mr. ,snoritv r,tbar ,h,n a nern,,u,l dir ,n
or yo,r rss,,rrns-I,, rra ;, +, n From rosunl, +, I'm.
/, M ;,,,or,oto, T., ,na on nm, ,r onr nv,,r,,,Hn,
n,d ,,cyonf m. ov.r ;rro, ,,ii,n If fnreinn f,hrn.s
""nJ h. .'nsn,,,r, Lu, liz t ~ f,rr,n d.L," ~
~ Il .s ,hr nnr;.y yyl;rL yye oIy,c,t 10 ,o,d IN s,c,,
.srI, Thn ov,nr,,ncon ~ IN. ,ynrlj si,,ys ,b. cnn,
,..ry Jo,k a, E,rl,,1 Sbo has s,n,dlv rorsa-
.'