The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1846-11-13

sleuefst w ny uOt Keep cur money hu'
profits 10 ourselves, instead Of giving boil
TO The labor of Great Britain
The profits OF manufacturing we're chief
lXovin. 10 an enlarged market, and 10 tht
use and constant Improvement OF labor saw
ing machinery. The saving OF labor anC
the increase OF hum7n power produced II
tins manner vas almost lncalcuab.e. By
its aid one feeble woman or child was ena
bed 10 accomplish more IN a day thar
w6uld pay for the production Of .orly abb
BODIED, hard-handed men without il. d.,
gen,loaen de-,re, and vas i, Their policy
10 lul Eag and etj1y al ,als benefit, ant
keep 4 70 heFseli Is a monopoly II wa
this labor saving machinery, and this alone
that kept The British Government from
bankruptcy. This prolific source Of wea,ii
aud power enabled the BRUSH people {,
stand up under deb; Of four thousand mil
lions Of dollars, aud TO pay taxes 10 the Go
vernment amounting to more than two bun
dred and hiiy millions every year. THIS
was The result Of her immense labor.savlng
machinery, eslnaled 10 be equal 10 the Ia.
Dor of eight million. of men. Was It the
policy Of eeullemen 10 lei England have this
profitable business OF manufacturing all TO
herselil That seemed 10 be The policy OF
the Secretary Of the Treasury. Indeed he
had ayOwed II 10 bis report, to be his settled
policy to break down the manufacturers OF
our own country, AMI derive hls revenue
from British and other foreign goods HIS
policy was IN bis own words, 10 prevent
1.-THE Substitution Of d18. she rirli products
far imported articles. ! his policy Of sub.
stituting American for foreign goods, he
says, is injurious 10 the revenue, and must
be arrested By reducing lie duties SO as to
let 10 the productions Of !oretgu labor, aud
thus break down Amerlcon mechanics aud
manufacturers, aud put an aud 10 tbs grow
ing evil OF " Substituting american rieal
products for foreign goods. IaIs senu.
meni the Secretary mas repeated several
times 10 his report; See pages 3 and C.
HIS policy was 10 increase the revenue BY
increasing lmporia ions; aud, as he would
reduce the average 81 tItits 10 oue-lhlTd,
OF course, TO get ne sane amount Of reve.
nue., we musi .dl ole tulrd 10 our imports,
TINS was maulIes. alI uGd enable. Oar
presen! imports amounted 10 enc hundred
millions; 10 carry out the Secretary ) plan
we must fas3 them 70 one bundled aud IF
~ millions. Our exports were about one
hundred millions, AMI OF course h,:y ml.
lions il specie would be required annually
to pay the balance. Tie Whole specie Of
the country had never been estimated at
more than eighty millions. How, then, was
his policy 10 work How was he TO nuke
up TINS defici, Nyl ron the banks, for ,hey
would be broken Up the very ifsl year 0,
such system and then shat was Nh. Sc
cFetafy gong TO d !or MS revenue The
duty on iorelgn iron, he tells ", is - per
cent lie was for reducing Il to 30 per CT,
less than one.hdlf. We must, OF course,
import more than double tie amount Of iron
10 get the present amount Of revenue, and
TO ina, extent break Up American supply.
Now, il was Impossible to make our people
double their consumption, aud so the result
must necessarily be TO get them 10 take for.
eg1 goods where they 40. took domestic,
thus supplying the demand from abroad, and
of course destroying the domestic article 10
that extent. Was Dot all this PAIN Could
any man in his senses deny IT? And then,
besides, where vas the Secretary going 10
get the money to paw for ali these foreign
good. There vas The rub. Tie gentle.
man from Virginia, nr. Bayy talked a
bout exporting potatoes to lfe.aLo. Export
potatoes to Leland He soult tell that zen,
taman !aat last year ae imported 2Il, 327
bushels, paytog duly Of ten cents per bush.
el-l5, 05otrom Ireland, While Ireland took
0. all cur gan oasg 100 bushels If corn,
net barrel Of a4or, cofDmeal, or bu.he
Of grain. or IT. productions n auy other
farm. The whole of m, MIGHTY ex,ou OF
breads,af. 10 Fag9and s.,.Iand. ana ire. /.
land anaaa,ad n go..ihan S21I coo Ice.
,"-' W. '''-' - - "a ~" '"1A -0''-
- $50 '+'-e~~ ~ = ~tH - ~ $500