The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-07-24


trade 80 happily guaranteed and enjoyed among
them, (and IL is astonishing how, in such connex-
lon the benefits Of equal justice and free trade
appreciated and lauded by the most clamorous pro-
tectionsts are generally believed to prohibit legs-
lstsn on the part Of any of the States designed TO
exclude from the south the manufactures Of any
| other section, or to make any distinction between
those OF the two sections ia favor of the weaker.
Nor, unless ground down by the expressions Of the
protective system, until retaliation and defence be-
come on the part of the south, works Of necessity
and self-preseryaton, do think such forced diver
sion OF southern labor and capital from It's natural
channels, even if constitutional, would be wise or
profitable. Let the north enjoy its natural adyan-
tages, and those in addition which oppressive
sectional legislation has far extorted from us, and
may God speed and prosper it, provided only the
leech will now loose It's hold, and not drain US TO
further exhaustion.
But now, Mr. Chairman, in view Of all that |
have said, would ask Of capital and enterprise
" the south, and especially in my own State, il il
| be wise or prudent in them " embark in mannihc-
turing, with view 10 the supply Of the general
consumption of the country, In some few articles
and 10 limited extent in others as shall presently
| endeayor TO show, they may probably engage; but
beyond will warn and entreat them not 10 venture
| Sir, the line Of argument have adopted was, TO
some extent, induced by desire TO and refnte
the IDLE imputstions in constant vogue about the
sloth and lmproydence of the south. But, sir, high
Considerations Of duty have constrained me 10 do
much more. Though the Office was an ungracious
one, and 10 some, who may not appreciate my mo-
uyes, may prove offensive; and though in its dis
charge have been compelled to exhibit facts ne-
Their palaabls 10 my own State pride nor to the feel
lngs OF my constituents, as a sentinel on the watch
tower, have felt bound by the strongest convictions
OF dqty, to admonish and guard my fellow citizens
OF the south from enterprises of inuuity and ruin
Gus hazard Or late sir, Il has been the fashion with
many, and the effort Of an influential pot-
in "a.
and the real industry Of its people, and to recon-
mend wise and polite, diversion Of labor and
capital from agriculture TO manufacture To some
extent the influence has prevailed, and under the
extraordinary incentives of the tariff Of 1872 some
| Of The most enterprisng Of our citizens have EN-.
bsrked their fortunes IN the perllous experiment,
while still more may be contemplating like step.
Let them pause and reflect well before their course
be determined. | would advise them, above all
not To be deuded by the aeetng profits which may
have attended similar enterprises under the mme-
date effects Of the high protection afforded by the
tariff OF 1872. When high protection il ut first af-
forded, and foreign imports largely excluded or ex-
ragagantly raised in price, to supply the deficiency
or meet the demand at exorbitant prices, affords u
fair held Of profit to adventures from all sections.
Such large profits realized, that establishments
even in the least favorable situations and under the
greatest disadvantages, may flourish and divide
large receipts though of course to less extent than
others more fortunately established. Under these
circumstances, while the manufacturers Of the north
may divide twenty, thirty, or forty per cent: profit,
the less-avored adventures of the south may real
izs sone tan 6fteen or avsn tuant,, ner esnt oans
m, sir tb.,, s,,,ner 10 br;ef and ben INNS, come
a nippng frost. Whether the tariff be maintained
or repealed, the time of keen competition with the
production Of the north OF the foreign production,
or both combined, must come. As have hereto
will inevitably eut The market and The keen strup
| de 6rst for Reasonable nro6t Then for mere ey;s
fence, win ensIe.
I Sir the field xili he enprossed bv the most favor
! ed! Ike decisive advsn,agss enioved by the nnrtb
| mpst nrevaI. larger ranitaI Greater cbe.nnes. of
nrodustonT more extended trade and he Longer
of these establishments At the north will 5u
down the feebler factories of the south and precp-
tate the proiectors To ruin. We are moi without
warninoa from The mast of similar c,tastronbes T.,
4 tr,veng in nv owp State 7 have not nnfre,,en,Iu
found in son.e remote valley bv son,e seones,ered
s,ream n deserted and dilan;d,ted building which
| w,. knoun az sstbe f.c,orv ~ On inc,;ring h,v.
learned that il was established under the nrotection
Of the war or the early tariff of 1910 and FIR a While
aonrished nrosncronsiv Rut i, had soon oone dawn
\ no,u,tb s,apding m. nro;artor az his er,ornrss
-. nrs.ad mas .nona ne 90, indns,ria,'s "a
.nsrae,;c az HE vc;n;,S md he uos C,r,,,nats IN
Jssd r b;s f,rtunes had NO, heen hanLrro,sJ ah !,
II stood monument 70 warn against lie f,I,v in
! The fntnre, So sir in 1894 M CIav narce;y;og
| aU ~ 49, g., -, I. vi, WIS
mi n mi apfurtn
sss in NV GUN STATE a~nrss.ed he oxnIsr, oor;.
ton ,bat virginia onid he the navt Sta,a ~ u,ha.l
;n,o ,;na anJ MN ba.saIf ~ H. 80 ss,,",;"s
All the s,;muIans Of the tariff Of that vsar and a.
,be Hill of abominat;ons of 1903 could not iona save
smcb efforts from ,Le natural fate If tbe;r Sohlsr
position and The inevitable idsadvan,soes to whch
,hev were snhsc,ed Thew TOO ! SoI;.so ,',;,h
scsrce an e~cen,;nn Ikew;ss fsI snoad,, sal
Scs ;nvolv;ne osS To- ths ,na. hn, adaon;;o, c.
,hs f,nr. r,sr ,hs ,ar;E of IsaS aud ';,L;a III
our rscoIisc,;nn .no;,nr r,o,s
but how few survived the gIuts and revnlsions Of
| 1917 and 1890, IT, ,ar;G oc ,saS h.. s",ns,s "a
go, an,;csn".n,s ,on .,rnn ~, ~ T., "s s;",od
IA 49, mo-. ~ so,s 49,, ,s e.
nros, has ,,s;,ad sns, ,ha ,s ' ,h an.
~ .J,apnca ,nh;oh ho -. I'D sh;,nra. IS H. sa
"nss nf tr,,,, aras,or rndano. n rnI ;.
In,, ~ % II, .oI 50, ,hn aols,';,;oa ae ,h.
u. 81 80 -, ~ ,So. a,sLi;ah
n non,s aro bss.d ., nns,.IIe foundations ,uh;1.h
h., :, ~ LII ho u,orn a,,,r h ,ha esO,;nn :.
oan,r,o;;,;nn orow;no svary d. go aharn "
~ = 1sI rsef,a. 5o nv, 80 b., Ia; c,
H. ,n nnoius n cono,,nu rn IN onnn,a"ad
uGy WIN sad NJ cba;r 'o 'h, ,n aoa G n;d
now ea", ~, onai''nt'i, wa. so'e 'e~ Minus