Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1846-06-18

Emporium oetWccD uentdtu aflu supply regu-
lated price9 MIR. 5. hardly thought he would
go SO far on that. But. the gentleman had
asserted that duties raised prices, he was bound
10 prove the truth OF his position by quoting
facts. Tue man who asserted thing to be a
fact was bound 10 prove il in court or out of
court. As lawyer the gentleman knew this
10 be 50. Now. Mr.. 3. challenged the gentle.
man 10 put his finger on one ,olitary case
where ms assertion was true. What one
protected article, The product Of American
skill aud Industry, had been permanently in.
reased IN price, after the duties, how
ever hlsl, had been first imposed for its pro-
andau his friends 10 point to one. Name the
arucle--a pin or a needle. The gentleman
had no,-he could not do IT, And vet ne
stood up IN the lace of the country and the
world, aud advanced the position that protec.
tive duties always increased prices MIR s.
made hts appeal TO facts. Let the gentleman
meet with iacts- He could not; he dealt al
together la assertions against facts Now, if
Mr. ). had proved. protective duties had not
increased. but reduced prices. what became of
all this Glamour about high prices. robbery.
oppression, and Plundcrl Ii vanished into
thin air; IL had no foundation 10 stand on.
and the gentlcmaa and his followers were
bound by their own principles to 20 for the
/ protective policy, which reduced the price of
manufactured goofls by increasing the supply;
whilst, on the other hand, il increased the
price by increasing the demand for agricul.
tural produce, and enhanced the wages OF labor
| by increasing its einploymcnls
But the gentleman had also said. that while
the tariff was oppressive on the interests OF
agriculture and OF labor, it was highly bene.
fetal TO invested capital TO The rich monopo-
lists, the lords OF the loom. Now, MIR. S. said
| he n Al, lie,
protection benefited both agriculture and la Dor
II was but small advantage, il any, to uesfed
capital. The gentleman and his friends with
out knowing II, were in fact doing more for
the benefit OF uested capital, Iby keeping up
this agitation and opposition TO the tariff, and
thereby, establishing monopoly by checking
competition, than all the taria men i'm the
House put together. sIn the case of vested
capital the tariff has done its work; il had
| introduced improved machinery and Increased
skill; it had done all that fixed capital required
Vested capital was now OH its teet--it could
get along without help, They had exported
during the last year between four and FIVE mil
hons OF dollars worth OF cotton cloth; they
had beaten the British out OF their own mar.
heis. The great manufacturers of these goods
feared no competition, they had overcome that.
All that they now iearsl was American COM
petition a home. The protective tariff raised
against them that very competition. While
advocating, therefore, the continuance OF our
existing tariff, and resisting is reduction, Mr..
). was working in the the most direct and eff !
Gent manner for the interests of American
labor-he was resisting foreign; he was going 4
for the American farmers aud the American
iSbOrers, and not for the interests of large
vested capital: he went TO destroy existing
by increasing investment aud com
petilion--the only thing that could destroy il.
Il was The gentleman, and those who acted
With him, by keeping up this tariff agitation
1T was they who were aiding capital. This !
citation operated to check new investments, d
lnd OF course opromOte and secure monopoly, +
hose who we've contemplating the invest I
nent OF new capital would defer it. o. u
y ould say 10 another" Don't build new mill N
d furnace now, the tariff is going to be redu !
red" MIR. s. knew this TO be tue. He had
heard oil twelve large companies who had in.
tended TO build furnaces in Pennsylvania this
spring, but had suspended their purpose till
they should see what Congress woulddo with
the tariff the present session. Did this hurt
those who already owned manufacturing estab-
iiShments? Certainly not; it was the very /
thing IN aid them. This gave New England |
a monopoly;it secured in her hands that which I
the people OF Pennsylvania and the people |
OF tic South most wanted They wanted
il, Virginia wanted il, North Carolina wanted
it, so did South Carolina and Georgia, and all
the west. They wanted protection to build
them mp: IN New England the tariff has done
is work--it had fulfilled its Office. New
England might noE say TO this Government.
Father / am nowtoi age; am on my feet;
can make my wake Though this world | have
met John Bull aud eittn himI thank YOU very
much Tor what you haveson for me aud viii
be burden on you,no longer; take care Of the
younger branches OF the family."
/ The rest oil the countFyfEas comparatively
young IN manufacturers. Whey still needed
the helping hand OF Government; they wanted
protection in their infancy New England
was magnqnimous and patriotic; she wished
to see other portions OF the country prosper by
following her example; when the South and
West supplied, as they could, the coarser
goods, she would go to work on the finer fab
RIGS, Did not the gentleman see that by redu-
cling the tariff he was checking investments
IN his own country, and in mine, in the South
and West, and thereby securing a monopoly
to vested capital, wherever it existed. and
present high profits, which could only be re-
duced by enlarged competition al home2 Was
not this true3 Was il not common sense7
lie put IT to every mans understanding. 1t
was not only common sense, but, what was
more, IT was proved by universal experience.
TO show the practical operation Of the rro.
teciiye policy, Inc would take by way Of H.
luslratlon, the neighboring iron works al
Mount Savage, near Cumberland. That es-
Enlistment has been built up within few
years. Some time before il was commenced
land could be bought there for two and three
dollars an acre, which could not now be pur
chased under twenty or thirty dollars; and
mineral lands bod lately been sold OF hundreds
OF dollars per acre, which, few years before
these improvements were made, were compar-
auvely worthless. Such wer, tbe effects ol
tie protective policy. Was this system hurt.
inl 70 agricultuSs2 Then let gentlemen look
AZ the Laurel Factory, not lsr from this CITY.
he proprietor OF that factory lately bought
the ground on which IL stood, hT five dollars
an acre; aud the same proprietor was now try
ing to purchase land IN the neighborhood 81
fifty, and could not get IL. This was the ef-