Ypsilanti sentinel. [volume] (Ypsilanti, Washtenaw Co., Mich.) 1843-1900, 1846-12-16

PROBABLY be permanent; and capitalists, who
have made or shall hereafter make, their invest
ments in manufacture, will know upon what to
rely.
The country will be satisfied with these rates
because the advantages which the manufacturers
still enjoy, result necessarily from the collection
of revenue for the support of tie government
High protective duties, from their unjust opera
ton upon the masses of the people, cannot fail
to give rise to extensive Installation and COM
plant, and to constant efforts to change or re-
peal them, redering all investments in manufac-
turers uncertain and precarious. Lower and
more permanent rates of duty at the same time
that they will yield to the manufacturer fair and
remunerating profits will shield him against the
danger offrequent changes in the system, which
caunot fail to ruinously affect his interests.
simultaneously with the relaxation of the re-
strictive policy of the United States, Great
Britain, from whose example we derived the
system, has relaxed hers. She has modified
her corn laws, and reduced many other duties
to moderate revenue rates. After ages of ex-
perience, the statesmen of that country have
been constrained from stern necessity, and
by public opinion having its deep foundation
in the suferings and wants of impoverished
millions to pauperism and misery. Nearly in
the same ratio that labor was depressed, capt.
ish protective policy.
The evils of the system inGreatBritain were
- length rendered intolerable and it has been
abandoned, but not without severe struggle
on the part of the protected and favored classes
TO retain the unjust advantages which they have
SO long enjoyed. 1t was to be expected that
simmlar struggle would be made by the same
classes in the United States, whenever an at
tempt was made to modify or abolish the same
unjust principle here. The protective policy
had been in operation in the United States for a
much shorter period, and its pernicious effects
were not, however, so clearly perceived and felt
Enough, however, was known of these effects
to induce its repeal.
1t would be strange if in the face of the exam
pie ofG. Britain, our principal foreign customer
and of the evils of system rendered manifest
in that country by long and painful experience,
and in the face of the immense advantages that
under more liberal commercial policy we are
already deriving, and must continue to derive,
by supplying her starving population with food:
the United States should vet restore a policy
which she has been compelled to abandon, and
thus diminish her ability to purchase from us
the food and other articles she so much needs
and we so mech desire to sell.
BY the simultaneous abandonment of the protect
i've policy by Great Britain and the United States,
ned for agricultural and other products, COM
merce and navigation have deceived rev impulses;
labor and trade have been released from the artificial
trammels which have so long fettered them; and to
great extent reciprocity, in the exchange OF COM
moditics has been introduced at the same time by
the pressure Of circumstances at home, to abandon
policy which has been upheld for ages, and to open
her markets for the immense surplus OF breadstilffs
and it is confidently believed that other powers of
Europe will ultimately the wisdom, If they be
not compelled BY the PauPersm and suffering OF their
crowded population TO pursue a similar policy.
Our farmers are more deeply interested IN main |
tanning the Just AID liberal policy of the existing law
than any other closs of our citizens They const- |
ute large majority of our populations and 1T is well
known that when they prosper, all other pursuits
prosper also They have heretofore not only rccei-
we'd none OF the bcunties favors of government
but by the unequal operations of the protective poll
g. have been made TO bear the burdens OF taxation
thch have been impss cd to contribute to the boun-
ties which have enriched others.
When foreign as well a home market IS OPEN
ed to them, they must receive they now re-
eeiviBg increased prices for their products. They
will find reader sale and better prices, for their
wheat flour, RICE Indian corn, beef pork, lard but
ter, cheese, and other articles, which they produce
The home market alone is inadequate to enable them
TO dispose of the immense surplus OF food and other
articles which they capable ofproducng, even at
the most reduced prices for the manifest reason that
they cannot be consumed in the country. The Uni |
ted States can, from their immense surplus supply
not only the home demand, but the Deficiencies OF
food required by the whole world.
That the reduced production of some of the chief
articles of food of Great Britain and other parts OF
Europe, NAV have contributed to increase the de-
mand for our breadsus and provisions, Is not doub-
ted but that the great and efficient cause OF tins in
creased demand and of increased prices consists IN
the removal of artificial restrictions heretofore I'M
posed, is deemed TO be equally certain. That our
exports of food alseady increased and increasing be-
yond former example, under the more liberal policy
which has been adopted, will be still vastly enlarged
unless they be checked prevented by restoration
of the protective policy, cannot be doubted That
our commercial and navigating interests VIII be en-
larged in a corresponding ratio with the increasd OF
our trade, is equally certain; while our manuiactor-
inc interests will still be the favored interests OF the
country and receive the incidental protection affor-
ded them by duties; and more than this they
cannot justly demand. III
In nv annual message of December last tariff
of revenue duties, based upon the principles of the
existing law was recommended; and have seen no
reason to change the opinions then expressed. In
view of the probable beneficial effects of that law,
recommend that the policy established by 1t be MANI
tanned 1t has but just commenced to operate; and
to abandon or modify without giving it fair trial,
would be nexpedicnt and unwise. Should defects
i'm any of its details be ascertained by actual expert
encc to exist, these may be hereafter corrected; but
until such defects become manifest, the act should
be fairly tested.
1t is submitted for your consideration whether it ]
may not be proper, as a measure, to impose re-
.nnuue duties ON some of the articles now embraced
be free list should be deemed proper to impose
Icn duties with view to raise revenue to meet the q
expenses of the war with Mexico TO avoid to that
extent the creation of public debt, that may be re-
pealed when the emergency which gave rise to them
shall cease to exist and constitute part of the l
policy of the country. Il
The act of the 9th of August last 'o provide for
The better organization of the treasury and for the
collection, safe keeping, transfer and disbursement
Of the public revenue has been carried into execu-
ion as rapidly the delay necessarily arising out of
he appointment of new officers, taking and APPROX
ng their bonds, and preparing and securing places Il
the safe keeping of the public money, would per-
nit. tits not proposed depart in any respect from
he principles or policy which this great meas p