Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1846-12-30


~, :" more man one third Of the value
OF the imported article, and in some case.
10 almost one-haIf of its value. viii
such Advantages it is not doubted tho, orr
domestic manufacturers will continue %
prosper, realizing la well conducted es,a.
olsnhents even greater profits than can
be derived from anv other reyular -;
ness. Indeed, so far from reonirnr The
protection OF even incidental revenue d,-
Ties, our manufacturers in several LEADING
branches are extending their business.
giving evidence Of great ingenuity and
skill, and of their ability to Compete. with
increased prospect OF success. for tho
open market Of the world. Domestic ma.
nuiaciures, TO the value of several mil.
lions Of dollars, which cannot find mar.
ket at home, are annually exported to TO-
reign countries. With such rates of du.
ties as those established by the existing
law, the system will probably be pern,a-
nent; and capitalists, who have made or
who shall hereafter make their invest
mentS in manufacturers, will know upon
what TO rely. The country will be salts
fed with these rates because the advan,a-
ges which the manufacturers still enjoy
result necessarily from the collection Of
revenue for the support of The government.
High protective duties, from their unjust
operation upon the masses of the people,
cannot fail TO give rise To extensive diSsa-
tlstactlon and complaints, aud to constant
Efforts 10 change or repeal them, render
ing all investments in manufactures un.
certain and precarinus Lower and more
permanen, rates of duty, at the same time
/ they will yield to the manufacturer full
aud remunernbe profits, will secure him
against the danger OF frequent changes
in the system, which cannot tail to rain.
Ously affect his interests.
PROGRESS OF FREE TRADE.
simultaneously with the relaxation Of
the restrictive policy Of the Unied States,
! Great Bulatn, from whose example we
derived the system, has relaxed hers
She has modified her corn laws, and re-
duced many other duties 10 moderate re.
venue rates. After ages of experience.
the statesmen OF that country have been
constrained by stern necessity, and by a
public opinion. having its deep foundation
in the sufferings and wants of imppverlsh-
ed millions, to abandon system. the eff
feet of which was to- butid uP immense
fortunes ia iiro hsnds ut rfIg few, ann rs.-.
duce the laboring millions TO pauperism
and misery. Nearly in the same ratio
that labor was depressed, capital was in
creased and concentrated by he British
protective policy.
The evils of the system in Great Brit
ain were at length rendered intoerable,
and il has been abandoned, but not without
a severe struggle on the part OF the pro-
tected and favored classes to retain the
unjust advantages which they have so long
enjoyed Ii was to be expected that ST.
milar struggle woald he made by the same
s classes in the United States, whenever an
attempt was made to modify or abolish the
same unjust system here. The protective
policy had been in operation in the Unit
ed States for much shorter period, and
, its perncious effects were not, therefore,
: SO clearly perceived and felt. Enough,
however, was known Of these effects to
7 induce its reDeal.
Il would be strange if, in the face Of the
: example of Great Britain, our principal
foreipn customer and Of the evils Of
vi
r by long and painful experience, and IN The
: face OF the immense advantages which I'M
= der a more liberal commercial policy we
} are already deriving, and must continue to
f derive, by supplying her starving popnla-
: ton with food, the Uni1ed States should
! restore policy which she has been com
: nelled to abandon, and thus diminish her
Liability to purchase from us the food and
] other articles which she so much needs,
and we so much desire to sell.
Bv the simultaneous abandonment OF
S the protective policy by Great Britain and
:, the United States, new and important mar
it kets have already been opened tor oar
agricultural and other products; COM
i. merce and navigation have received new
: impulses: labor and trade have been re-
;. leased from the artificial trammels whlch
n have so long feitered them; and to great
e extent reciprocity, in the exchange OF COM
N modities has been introduced at the sa'lo
,fl time by both countries, and greatly 'or
" the benefit of both. Great Britain mas
n been forced, by the pressure OF o'rc sin
81 stances at home, to abandon Po'o'
e which has been upheld for ages ana 70
m onen her markets for oar immense surplus
N IF bread.tuffs; and it is confidently be'Iev-
A ed that other powers If Europe VIII u'
in mately see the wisdom, II they og ~.
ID compelled by the pauperism ana Suio,"s
st of their crowded populations 10 Pu''''
" similar policy. ...os,e5
er OR farmers are more deeply interest," ~,
r. in IN ,int,ining the just and hOeral ponoy
ID ~ the existing law than any o'"e' go
: 49, c;,;zens They constitute a IA