Democratic banner., 1846-10-05

VI
lily never was intended for publication; TO
it is without one particle Of proof to Civ
ievcn a shadow of probability to its i"'ag
Innings. And as for the confident asser
tions, which it contains, coming as the.
wisely do, without proof, and even withou
anything, but a general reference, that il
fact refers to nothing, it is easily shewn
that they cannot be sustained, either b.
THE facts in the case, or by common reason
ing. But we proceed to the letter, and viii
notice, in the first place, his boast of thu
support which he gave to "American in
dustry". We will ascertain in the frs
place what American industry is, and ther
we will see what support he gave to it.
Industry, as defined by Webster, means
'habitual or constant diligence, steady at
I~tention to business" and American indus
try may fairly be stated to be this kind OF
diligence used in America. This industry
may be divided into two kinds; first, that
portion of it that labors physically, and Sc
.condly, that portion occupied in intellect
ual exertion. To the second portion of
"American Industry he lent his powerful
support, we grant it, but that he lent any
support, aid or counteoance whatever, to
the first ~portion-the working, laboring
portion, we deny. To the man of small
means he ever was an unfinching foe, as
proved by his votes and speeches both on
the tariff and the pre-emption bills; while
the man oflarge capital, who could make
presents of vases, busts, carpets, &C., he
ever was the warm and useful friend. The
amount Of capital invested in agriculture
is 81 ,00O, 0OO, 200; amount of capital invest
in manufactures of all kinds $780,
600, 900; annual products of the agricultur-
interests 81 1000, OO0, 900; annual value
Of all kinds of cost Of raw material, and
labor included in manufactures 900, OOO,-
300.
The foregoing brief statistics, takea from
the last census, show at a glance, the re-,
alton between the agricultural and manu-
featuring interests, and answer effectually
the question as to the support which Hen.
ry Clay gave to the s'industry" of this
country and to what portion of that 'indus-
try' it was given. You will remember,
that these four billions Of agricultural cap
ital are in the hands of the whole people,.
aud that n%inety-nine hundredths of it are
owned by the small farmers, poor men, who
never could procure oil cloths for their bed
sides, much more for their "Halr', and
the four hundred millions invested in.
are owned to a great extent
BY capitalists, men who not only use these
themselves but can and do make
presents of them TO Henry Clay, for, as they
say, CHS many and great public services,'i
and o 'gratitude for his powerful advocacy
Of the interests of American Industry
And still you will see that the capital in
vested in manufactures of all kinds, does
mount to one tenth of that which Isl
invested in agriculture, willie tn. interest
or profts) on the manufacturing, is much
arger than that on the agricultural capital;
then ecollect, that it was for the ma,-|
featuring interest that his powerful adj
iocacy' was exerted, and it will not be- diff
icult to give him hisfuli need of praise for
us assistance, rendered to american in
American Industry indeed
When did Henry Clay raised his voice in
avor Of American industry except it was
'ased upon capital and propelled by ma
What powerful advocacy has he
'ver made for baker, butcher, carpenter,
saddler, book-binder, printer,
'atter, blacksmith, in fact, for any trade,
business or profession? But for button max
rs, machine makers, card makers, spin
founders, and every thing that ws.
'wned by the capitalist he has made 'pow-
'rful advocacy and great exertion. Away
hen, with the claim of fostering sAmerican
Industry that exerts itself for the capital
alone, except where the incidental adj