Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1846-12-29


utary 20 them, will have no reason TO cor !.
plain ifthey shall be required to beartheir.
just proportion of the taxes necessary for
the support Of the government. So far
from II, it will be perceived, by an exam
lnatlon oil the existing law, that :crimin
atoms IN the rates of duty imposed, within
the revenue principle have been retained
in their favor.
The incidental aid against foreign com.
petition which they still enjoy, gives them
an advantage which no other pursuits
Possesa but OF this none Others will CON-
plain, because The duties levied are nee.
essary for revenue. These revenue du-
ties, including freights and charges, which
the Importer must pay before he can come
In competition with the home manufac.
turer IN our markets, amount ON nearly all
our leading branches of manufacture. to
more than one third the value of the i'm.
ported article, and in some cases to almost
nan Its value. With such advantages, it
Is not doubted that our domestic manufac.
lures VIII continue to prosper, realizing
IN weE conducted establishments even
greater profits than can be derived from
any other regular business. Indeed, sn
TAR from requiring the protection of even
incidental rcFenue 1utieo, our nanufactur-
ers IN several leading branches are exten.
dag their business, giving evidence of
great ingenuity and skill, and of their ahi!-
Ity TO compete with increased prospect of
success, for The open market of the world.
domestic manufactures TO the value of
several millions of dollars, which cannot
find market at home, are annually e.
ported to foreign countries. With such
rates OF duty as those established by the
existing law. the system will probably be
permanent; and capitalists, who have
made or shall hereafter make, their invest.
menls in manufactures, will know upon
what to rely.
The country will be sati sled with these
Rates because the advantages which the
manufacturers still enjoy result necessari-
ly from the collection of revenue for the
support OF government. High protective
duties, from their unjust operation upon
the masses Of tho people. cannot fail to
give rise to excessive dissatisfaction and
complaint, d to constant efforts to change
IN manufactures uncertain and precarous.
Lower andsmore permanent rates of duty,
Mt the same time that they will yield to
the manufacturer fair and recommending
profits, will secure him against the danger
OF frequent changes in the system, which
cahnot fail to ruinously affect his interests.
simultaneously with the relaxation of
the restrictive policy by the U. S., Great
Britain, from whose example we derived
the system, has relaxed her. She has
modified her corn laws, and reduced many
other duties TO moderate revenue rates.
Alter ages of experience, the statesmen Of
that country have been constrained by a
stern necessity, ard by public opinion
having its deep foundation in the sufferings
and wants of impoverished millions. to
abandon system the effect of which was
to build up immense fortunes in the hands
OF the few and to reduce the laboring mil.
lions to pauperism and misery. Nearly in
the same ratio that labor was depressed,
capital was increased and concentrated by
the British protective policy.
lhe evils of the system in Great Brit.
ain were at length rendered intolerable q
1t has been abandoned, but not without
severe struggle on the part of the protect.
ed and favored classes to retain the unjust
advantages which they have 50 long en-.
joyed. 1t was to be expected that SINH.
lar struggle would be ma !e by the same
classes in the u. s. whenever an attempt
was made to modify OF abolish the same
unjust system here. The protective poll.
cy had been in operation in the u. s. for
much shorter period, and its pernicious
eh,tts were not therefore so clearly per-
ce;ved and felt. Enough. however, was
known otthese effects TO induce its repeal.
Hlwouid be strange ifin the face ofthe
example Sof Great Britain, our principal
foreign customer, and ofthe evils of a sys
tenn rendered manifest in that country Iiy
long and painful experience, and in the
face OF the immense advantages which,
under a more liberal commercial policy
we are already deriving, and must contip-
ue to derive, by supplying her starvi
Pup llation with food, the u. S. should
restore policy which she has been com
Palled to abandon, and thus diminish her
ability to purchase from us the food and
other articles which she SO much needs,
and we SO mach desire to sell.
By the simultaneous abandonment of the
protective policy by Great Britain and the
U. s., new and important markets have
already been opened for our agricultural
and other products; commerce and navi
CATION have received a new impulse; labor
and trade have been released from the ar
tiHcial traInmels which have so long let.
tered them; and to great extent reciproc-
Iiy, in the exchange of commodities, has
been introduced at the same time ny the
pressure circumstances at home to ban.
don policy which has been upheld for a