Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1846-07-09

No. 4
country and The world, and advanced the posi-.
lion that protective du,Ies always increased
prices Mr.. S. made his appeal To facts. H.,
the gentlemen meet him with facts fIe couil
NOT he dealt altogether in assertions asalr,t
facts. Now if, as Mr.. S had proved, protec.
tive duties had nol increased, bur reducei pr,-
ces, what became of all this clamor about hryl.
prices, robbery, oppression, and plundtr! 1t
vanished into thin air; /, had no foundation 10
stand on, and the gentleman and his llIlowef>
were bound by their own principles 90 iur
The protective policy, which reduced the price
of manufactured goods by increasing the. sep
ply; whilst, on the other hand, il inc!e used the
price by increasing the demand for agrcnlIuraI
produce, and enhanced the wages OF labor iv
increasing lis empoymens.
But the gentleman had also said, that while
the tariff was oppressive on the interests OF ag.
rcullufe and of labor il was highly bcueliclal
to invested capital TO the rich monoposIs, III,
lords of the loom Now, Mr. s. said rh /, Just III.
reverse of this was true. While pr,aecrIon
benefirled both agriculture and labor, /, was but
small advantage, if any, TO rested cdpitai-
The gentleman aud his friends, without know
ING ii. were in fact doing more for tue benefit
oi rested capfai by keeping up this agitation
and opposition 10 the tariff, aud ,hereby csrab-
hshlng monopoly by checking competiou, than
all the tariff men in that House pm rogeiher-
In the case of vested capital the tariff had done
lis work il had built The manufactures up, It
had introduced improved machinery and IN
creased skill it had done all that fixed capital
required. Vested capital was on lis ett
1t could get along without help. They had
exported during The last year between four aud
five millions Of dollars worth Of colioH cloth
they had beaten The British Oul of their own
markets. The great manufacturers of these
goods feared no foreign competitions; they had
overcome that. All that they now iea.ed was
American competition al home. The pro,ec-
live tariff raised them that very compeliinn.--
While advocating. therefore. the continuance
of our existing tariff, and resisting its reduc
ton, MI S. was working in tho n.osi di'ecl
and efficient manner for The interests of Amer
lean labor-he was resisting foreign; be u as
going for the interests Of American farmers and
he American Iaborers, and not for The interests
of large vested capital; he went to destroy ex-
i>tng monopoly, by increasing investments and
compeltion-lhe only thing that could destroy
it. 1t was the gentleman, and those who acted
with him, by keeping up This tariff aglrarion-
il they who aiding capital. This ag
iiaIion operated TO check new investments, aud
Of course TO promote and secure monopoly.-
Those who were contemplating tue invesin.ent
OF new capital would defer it. One would say
10 another, "Don'l build new mill or furnace
now, the tariff is going TO be reduced" Mr.. ).
knew this 10 be true. lie had heard of twelve
large companies who had intended 10 build fur
naces in Pennsylvania this spring, but had sus-
pended their purpose ill they should see what
Congress would do with The tariff al The present
session Did this hurt those who already
owned manufacturing establishments Ger.
ralnly not it was the very 'hicg TO AID them
This gave New England monopoly it
cured in her hands that which The people OF
Pennsylvania and The people Of the South most
wanted. They wanted proloclion--New Eng
land could do without it, Virginia wanted It,
North Carolina wanted it, so did South Caro-
lima anG Georgia, and all the West. They
wanted protection 10 build them up; in New
England the tariff had done its work-is had
fulfilled its Office New England might now
say TO this Government, "Faher, am now OF
age am on my feet can make my way
through the world have met John Bull aud
beat hlm; | thank you very much for what yon
have done for me, and will be bnfden on
you no longer; now take care OF the younger
branches Of the family"
The rest of the country was comparatively
Young in manufactures They sill needed The
helping hand OF Government; they wanted pro-
lion in their infancy New England was mag
unanimous and patriotic; she wished TO see other
portions of the country prosper by following
her example; when the South aud West sup
Piled, as they could, the coarser goods. she
would 90 TO work on The finer fabrics. Did not
the gentleman see that by reducing the larIh
he was checking investments in his own couu
,rv and in mine, i'll the South and We>.. sd
thereby securing a monopoly to ses'ed cap,,ai.
wherever it existed, and preser' .tnb ptoli,.
which could only be reduced b, enarge com
petition al home! Was rot dis ,1ne? Was II
not common sense! h., pat il to every mans
ltwas not only common sense.
Dut. what was moie, il was proved by universal
experience.
To sho6 the practical operation of ire pro.
ecti.e policy he would take, by way ii hIu.-
ration, the neighborng iron works at Nnnnt
na,, rumharland 'Ib.t o.t.i,it.