Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-05-08
THE HOME MARKET AND THE Ia
RIFFITES.

hlr u
We recently (says The New York Morning
News) alluded TO the sngularly clear manner in
which the arguments OF Mr.. Hudson, OF Massa-
chuselts against the foreign market for grain had
been defeated by Gen. Bayly, Virginia, in his
great speech Of March llth In The same address
Mr.. Bayly destroyed another humbug of the mo-
nopolsls in which they alleged the market they
afford for the consumption OF breadstutfs is the
"besln and that il will be destroyed if The restric
tioRs upon external intercourse are removed
This position 10 any pcrson' endowed with ordi-
nary sense, is in itself ridiculous, as if the mann
facturers should, in consequence OF being de-
prved OF extra profits, gel til of The "pouts, or
what in negroes are called "sulkS," and refuse 10
cal any more. Why apprehend thai if these profits
were less and their luxury curlailed, that dried
apples and preserved cherries Of home growth
would be substituted for the dried fruits Of the
Mediterranean and The preserves of the Indies
That champagne wine would he supplanted BY
cider, and French silks give place 10 American
wrought fabrics. However, Gen. Bayly shows tina,
the numbers OF those who manufacture goods
in competition OF those Of Europe are Insignificant
ly sma IT, as for instance the census gave popula-
ton the United States oil 1000 00 and those en-
ployed ia manufactures and trade, at T9l ,74s
Those Grades" include, says Gen. BaylY. smiths
mason3, bricklayers, Joners, ship carpenters,
house builders, shoe-ln makers hatters, &C., &c
None of these arc in any way benefited by The
Tariff; on the other hand, they are taxed heavily
by the Tariff for The instruments OF their labor
and tie raw materials imported, while some OF
them export largely, and consequently can COM
pete with foreign labor in neutral markets. As
an instance, General Bayly gives the value
of boots and shoes imported for six years from
the Treasury tables al $3.50, 3l5, and the exports
at 81 2A, 3l4, an excess OF near l,OO00OO dol
lars exported The number OF those engaged
in this manufacture in Massachusetts IS 43o7I
while the number engaged in the cotton and WOOL
len manufacture is 32,8l2 only 10 hats The re-
.ul, is nearly the same. In lS45 there were six
teen thousand dollars worth imported, oelng me
Partisan hats, for The wear OF factory slockhold-
err whose full purses and swelling pride makes
| hem fancy that Paris hats only will suit their
ari,Iocratic "nobs" to distinguish them from the
uma..e.." Atthe same time there were export
al of good American hats 70,597 dollars worth.
! OF these, 1865 dollars were 10 the Canadas in
opposition 10 English made hats. The remainder
were sent 10 Cuba and The South American
countries in successful competition with Europe.
The fact is, there is no article in which United
States skill and ingenuity cannot beat the manu-
iaclorie. of Europe. In those manufactures
| which require enormous capital 10 establish
them. as cotton and woollen mills, the only 'pro-
lection which the American consumer and The
American aborer can have against the natural
oppression OF capital upon labor, is 10 allow The
Large capital OF Europe TO compete with over
grown capitals here. In that case, manufac'ur-
ing capital would gel no more profit Than mann
featuring labor. As the matter now stands, ma
nuacturing capital has complete monopoly,
and Expresses the ator of this country al fear
ful rale. As an instance Of The profits they de-
rive from this monopoly, We lake from state
ment of Thomas G. Cary Treasurer of The Ha-
milton Manufacturing Company oil Lowell
| Mass. return OF The average dividends Of four
e. LII art