The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1846-07-02

40 MNM &&AA4A0&sx g 04A4M4s @1SN0 - -
lon dob aheY hs6 beaaea he British c.
SC sheis eva markets. Tbs great mana-
factnsers u slarss gooas feared - aeEragn
rompeslsisn lhsy I'D ovesrane thai -
All Thai lhsy now fsaasd was Amrrsran
composition Il hame. The pre.sesiEs u
~ raised againss shrsn thsi sesy eampe'
Union. While sdsOrasiaz. therefore. tie
eonlinnsnce If our existing tariff. and IT,
sisling IL reduction. Mr. :. was working
II tbs most direct snl efirigni manasE
for The Interests Of America iahof--he
was resisting flIeign; he Eas gning lor
abe ihsesesas Or The American farmers
and The Ansriean lshoreEs. I'D NJ feF
the Interests of large vested capital; he
went % destroy existing monopoly. 81
increasing investments and composition
--sAs only thing that could drsnFoy it,
Il was lie genllemaa. and lhose who ri.
|ed with him, by keeping Up this laEitF agi'
islion-ii vas they Who were aiding 60
pilal. This agitation operated 10 cheek
new invrsf:neDss. and If course IL pro-
mote and secure monopoly. Those vim
were contemplating The investment 81 new
eapllal would defer il. One would say
10 another. .Don't build q new mill Or
furnace now, The tariff i gOing be rsdas-
ell" Mr.. ). knew this 10 be true. He
hal heard Of twelve large companies WHO
had intended To build furnaces in y. nn-
sylgsnia this spring, but had suspended
their parpose iill they shogid see Wha.
Congress would % with The ,ariH ., the
present session. Did this hurt those Win
already owned manufacturing establish.
menis! Certainly mi; il was tie very
thing 10 aid them: Thisgaye New Eng.
landa monopoly il secured in her hands
that which The people Of Pennsylvania
and The people'of the South mos: wanted.
They wauted prntection-Sew Eng and
could do without II. Virginia wanted
!: IL. Norlh carolina wanted IL. 50 did
South CaroIins and Georgia. and all the
West. They wanted projection to build
,hem'upS in New Englsndahe tariff had
done its wotk--ll had fulfilled lis Office.
New England might now say to This Co
vernmenl. "Faiher. | arm now Of age;
am on my own feet; can make NV way
through tho world; | have met John l.ull
and beat him l thank you very much
! for What yoa' have done'for me, and Twill
be burden IN you no longer; now take
care Of the younger branches Of the fam
ill.,"
The rest Of the country was compare.
lively young in manufactures. They still
needed the helping hand oil Government;
they wanted protection in their infancy.
New England was msgnanimors and pa
triolic; she wished To see other portions
Of the country prosper BY following her
example; when the South and Wesl sup
piled. As they could. the coarser goods.
she would 90 10 work on the finer fabrics.
Did not the gentleman see tha, BY rednr.
ing The tariff he was eheching investments
IN. :---s..s-H4 COUNTRY aid I'M nine. in The
South amt WesG and thereby securing a
tnOnopoly 10 vested capital, wherever i,
existed, aud present high profit, which
could only be reduced by enlarged com
petition a, home! Was not tits true
Was il not common sense! He put i,
10 every mans understanding. II vas
not only common sense, but, what was
more, ii was proved by universal expert
ence.
To show the practical operation of the
protective policy, he would take. by way
of illustration, the neiefboring iron works
at Mount Savage, near Cumberland
That establishment has been built IN
within few years. Some time before /,
was commenced land could be bought
there for two and three. dulIars an acre.
which could mot INV be purchased under
twenty or thirty dollars; and mineral
lands had lately been sold at hundreds Of
dollars per acre. which, few wears BE-.
fore these Improvements were made, ere
comparatively worthless. Such were the
effects OF the protective policy. Was
this system hurtfui Ia agriculture Then
let the geutrnrH look at the Laurel Fac.
'orr, not Tar from this city. The pro.
prietor Of that factory lately bought the
grouad on which il stoDd for FIVE dollars
h per acre; and the sane proprietor was
now trying To purchase land in the neigh.
horhood al fifty, aud could nnl get it,
'Fhis was the effect Of giving the farmers
a market Manufacturing establishments
multiplied the value of farms iar their VIZ
rinity often ten, twenty. and sometimes.
mineral lands. an hundred foll. And
what was IT'S effect upon lahory Did it
not increase the price of labor! What,
raised prices but an increased demand
What depressed prices but the destruction
of employment! The protective policy,
by increasing the number Of manuiactur.
ing establishments, of course increased
the number of persons employed in them,
thereby creating greater demand and
higher wages TOR labor. Labnrers of ALI
descriptions flock to the furnaces--coal
dIggers. choppers, tean,sters, and thou
sand others. Now. suppose the gentle
mar should quiz his agitation, make M
more appears to party. and no more anti