Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-10-26
The Tariff of &c.
otherwise.


We see it stated in OF exchange papers, that
powerful combination Of monied men, already formed
in England the purpose pouring deluge OF British
goods upon this country, in order to break down
manufactures, and the entire market them
selves is said that these monOpOsts determined
10 underse in markets any risk, that they
are even prepared sell at immense loss IN order to e
feet their grand object. This they enabled do,
more easily than would otherwise be possible, from the i'm
nense accession manufactures, which have been for
era wears lying unsod and unsaelbe upon the shelves Of
their houses and which they better afford dis
pose of any price, than leave IN their present unpro
ductiyc siluston.
Let US repeat for the hundredih time the inevitable con-
sequences that must result from an operation Du-
ring the first year, the will exceed present limit
did the first year OF the compromise and the coun
Try will enjoy degree OF apparent prosperity resulting
from the low price Of articles. Business will be brisk in
the mercantile line and system OF oyerfading such as
that Of which Mr. Van Buren, compained 50 heavily
will Immediately follow. Long credits will be given and
banks with fictitious capital having nothing restrain
them, will spring up all parts Of the country The man
ufaetores, unable 10 Withstand the competition will be
closed, the workmcn dismissed, and BRUSH goods will
occupy every Of the county, into which it il posi-
bic for them penetrate.
Bot IN 4 short Time payday must como. The British
manufacturers though enabled from their wealth and
possess.
give a long credit, cannot extend that credit inic.
fnitey. drain Of tie precious metals must ucces-
ssdy ensuc, aud explosions. suspensions, possibly even
rspudianon will become the order Of the day. The
Com market, g,uod 10 repIoton, will enable Us
bring back to ,hs country the immense Of spe-
which must be oKporoa from in order pay the dcbis
incurred Europe. in order that should So We must
imagine Of things such has been produced by the
late failure OF the crops Europe, always exist; aud
farther, thu, competition IN supplying the demand will
eventually gu, the market Either Of these suppositions
iuecOncabe alike with the lessons u experience and
the admonuons Of common When there no spe
Gle in the county, discounts will be fuinDusy hgh-shiu
pasev become the only medium Of cifcuatOn cOnfdeuc,
between man aud man be destroyed, commerce Ian
g1ish, agriculture be neg eeted and busn,ss Of ever,
description pine IN hopeless and ircmedisble decay
Such hiss been the experience Of this country not lei
years ogo and through smother ordeal Of the Sam
character, u doomed pass, BY the folly " wicked
mess OF both, Of preson, impraricabe fuIers r.
N vain for the Free Traders to talk about panic
itsin vain Tor them 90 surbute the natural results u he
policy To iuch sbsufi Even # t were ju-
do they not see the dilemma which they are paced1
the credit d tho country u ruined. Ne ogrcuure cor
merce and manufactures be reduced To- the as
Of weakness by pune" orc they oGcussbIe fYt Oh
which they asien upon the country. a1J whic
have produced hat panc II the county b. TO be rum,
bT plulc u NOT lUeH uniys being tue stronger
Soc as msy be their power that no panic shr
arise Gsnot inoKcuslbls in hem TO t1ke the very ~
which to occasion -
Bu. tho truth IT, that the results Of the Compromise q
tnbuisd that day panic,' and precisely similar
predict, Co those which will follow the late tariff,
ding more than consequence Of the iteyersibe laws
trace. len plain 10 every mans reason that the indi
dial who every year pays away money Than
amount Of as income. must In the end be- ruined. VIII
free circulation Of money, aud proper activity n boz
meas. ndspcnssbiy necessary o general prosperity,
nanon hoe been known 10 prosper long, which did not
thc end haye balance Ut trade, however SMALL in her
vof England has llwuys understood and acted upon II
principle her books at the end OF each year showing
basnce. however minute, in her lhynf We speak Of
general balan-c fof from many eooniie tie against
in Cbins fof Instance. whore nothing received
mooey exchange Tor goods.
The effects OF Tree trade, such o. We saw t boz the di
Of the Cumprruise, Mother novel, nor confined
this country. u had been uied In Rossia where Of Zee
q b hardly reasonable suppose that pauc." wo,
opernte very successfully, aud Il hsd involved The whole
that country 10 q vortex " ncrtrcablc distress.
had been uicd In Holland where ruin followed In s ua,
precisely as has done here. lhad been fied n Fran
sed was Known 10 have prceigtstcd the French Revo
ton. she economists Of the later county were smiu
with precisely he theory put forth By Mr. sccfou
Walker Boz hs annual Report Of the sst They
teved that reduction u dutcs tho free trade LEI
would, By bnnsias good. 10 the covnlfy, create
Create, revenue sad dis One method proposed