Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1846-03-06
TERMS % 50 i'm advance!
WHOLE NO.L77.
From the N. \. Daily Globe, of the 18th alt

If our especial friends of the, Tribune the
following dialogue between Frenchman
and a CIiinaman. Ii is also hoped that
our Democratic readers will not only Pc
ruse it. but study and kept: 7~@
Frenchman.-Pray, Mr.. Chinaman,
why do YOU permi, John Bully TO send his
goods to you a, the low all valorem duty of
per cent. when he saddles your teas with
100 per cent?
Chinaman.-Because We think it oar
interest. a: z-H .s
Frenchman. There is no reciprocity in
Ibis.
Chinaman.-It answers our purpose;
and if John Bull is fool. | see no reason
why Cinnamon should he so too. esaey os
Frenchman. These strange notions Of
yours puzzle me. -s..-s
Chinaman.-There is no puzzle in il.
It is quite clear, if we saddle John Bulls
goods with 100 per cen, duty, they would
cost us twice as much as they now do;
would not tina, BE furnishing ourselves'
Frenchman.-Im must admit this. 81. h-,.
Chinaman.-Weh have the advantage of
not only buying cheaper, but are benefited
in other respects too for, if at the low duty
we are able TO buy twice as much Of his
wares as we would a, the high duty. he
must take twice the demand raises their
value. which is so much the better for US.
as i, akas less of our property 10 satisfy his
claims. III ... ..~.-.sl =.
Frenchman.-But then there is protec.
tons to your manufactures. Youiose sigh
Of that.
Chinaman.-No. We consider Ii very
bad policy TO force the labor of the people
10 make articles that we can buy cheaper
elsewhere. and which would be better die
rected TO make articles that we can fur
nish cheapest TO you in exchange for those
that you can furnish cheapestto US. sa
Frenchman.-Butsup suppose other nations
will not exchange with yon7 -
Chinaman.-It Furnishes all parties, as
it comppls us to make articles al home at
higher cost than our neighbors could fur
nish them at; but this is not our fault.
Frenchman.-1tj just occure TO me that
John Bull may demand your goods in
place of your tears. -s:ej
Chinaman.- suppose he does, we
get double quantity of goods under the low
duties that we would the high. ..e :.
Frenchman.-But parting with your
gold will ruin your. $3.50
Chinaman.-1 want to part with 1t tor
something tina, is useful to me-for | can
neither eat it, drink ii, nor will 1t clolle
me. --"
Frenchman.-John Bull is very know.
ing, and is sadly afraid of parting with his
gold-he says it distresses him.
/ Chinaman.-Pray. ask John Bull how
he gets possession of his gold, as he pro-
duces none at home. Does he not get it
from other countries in exchange for man
ufac,ures produced by the capital and in
dus,ry of his people and does that dis
tress him7 and he is constantly bringing
it home, and sending II out with advantage
to hi1nself. sE'
Frenchman.-Thatis true but will not
, the high duties imposed ON your teas oy
John Bull very much abridge their con!
. sumption and the comforts oil his people.
Chinaman.-No doub, it will, and in-
lure his revenue too-hut we cannot pre-
vent that, nor can we make fools wise men.
Frenchmen-Raise your duties AND
e lcorce John Bull to lower bis.
Chinaman.-John Bull is too obstinate
$ to do that, and we will not punish OUR
e selves in order that we may vex him.
Frenchman.-There is sill a feeling in
|, Inv mind that this is one.sided business.
: Chinaman.-Il is one-sitted business,
f But the balance OF gain is in our iavor.
). Frenchman.-Then If. as you say. the
J. balance is in your favor, how does John
h Bull pay you! $780,. - ,.q.
II Cbinaman.-The balance of account is
j. very different thing from the balance OF
!. advantage. In money matters nations new
?ler do a one-sided business. Fiscal regu-
e Ilations may stop business altogether, bot
.fl,he exchange of equivalents must be equal
e directly or indireciiy--tbey DO not make
o leach other present Of their property.
4 Frenchma,,.- Then, if | understand you,
4 Won think nations deal with you as indi-
# viduals do in exchanging their wares-each
. oets from the other what is more valuable
J, than that which he parts with, and by that
: means they both gel rich ! So .'- . 20
4! Chinaman.-Certainly ; the more ex-
o tensive their trade. the rich they will get
i Frenchman.-Then you consider ID a
J, EfaIlaey thata balance OF trade can exist BE-
o Tween nations trading with each Dlller !!
: Chinaman. There may. be 2 debt due
Iron one to the other for time, as be-
Tween merchanis-but no permanent bal.