Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1846-05-07

break down Americans The moment the Amer
ican by his superior industry aud skill begins 10
succeed, then the duty must come down as TO
increase foreign imports and revenue This is the
plain aud inevitable operation OF the rule, and who
would 60 into manufacturing under such an anti.
American rule as this making il death by the law
certain and inevitable As an Illustration, take
iron for instance. Owing to the rapid increase Of
iron works in the United States the import of iron
has been greatly reduced then the Executive rule
applies-down with the duties, so as to increase
imports and revenue Accordingly, mr Walker
proposes to reduce the duty, which, he saws is now
rs per cent TO 80 per cent, so as to increase the
revenue. Well, 10 do this, he must more than
-dnnble the imports, now amounting to more than
eight millions year, and thus he must import IS
millions Of dollars worth of iron instead of eight
destroy eight millions Of American manufacture to
make way for the foreign, and thus import twelve
millions Of dollars worth of foreign (mosty Eng.
lish) grain and other produce used in the manu-
taciure OF this iron for the fact is incontestble,
that more than hree-iourths of the value of iron is
made up of the produce of the soil. And this is
the policy TO favor American farmers aud AmeT-
can idjorers Throw the plough out Of the fur
row, aud turn labor out to starve-to make way for
British goods, and increase revenue
Mr. S. said he had not time at present, but he
would avail himself Of the first proper occasion TO
SneW, as ne tHOugnt ne Couiu most clearly, tnat all
the theories Of the Secretary and his followers in
favor of their free trade policy not only false
aud unounded, but that exactly the those
theories were true. He referred to the theories
that protection was for the benefit Of manufac
turers at the expense Of the farmers and aborers Of
the country" that" protection increased the price
Of the manufactured goods, and reduced the price
of labor and produce !" that it =" favored monopo-
ly and wealth at the expense Of the poor y that
90 reducing duties would increase revenue" &c
lie could scarcelyspeak of such gross absurditcs
in respectful terms. What 7 Favor invested cap
iial by building up competition, and increasing the
supply of the articles they had to sell lnjurc the
farmers by doubling the demand for their produce
raw materials and bread-stutfs of every kind OPP
press and rob the consumer by giving him goods at
one fourth their former price Reduce wages by
doubling the demand for labor--labor of men, wo-
men and children ? Yes, sir; increase the price
of goods by doubling the supply and reduce the
price Of agricultural produce by doubling the de-
mand Favor monopolies by building up compe-
tition, the only thing to destroy it! Such are the
absurd theories OF free trade But gentlemen must
first reverse all the laws of trade-the great and
universal law that demand and supply regulate
prices "a law as universal aud invariable in its
operation, the law that governs the solar system,
must not only be repealed but reversed in its ope-
ratons before gentlemen could sustain any Of these
absurdities.