The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1846-09-15
VINO goes for Rr,sixn interests,

ri'CC~u W -Hss ~SHNscN VI 4Sfdi y iaiiN's ~
liyered in the United States Senate a.
gainst the passage Of The British 1arin
Bill, and invite particular attention TO the
paragraphs quoted from the Report OF
Mr. PoIk's Secretary Of the Treasury, as
furnishing the most conclusive proof, Of
the Administration hostility TO Ameri-
can labor and Of IFS partiahty for British
intesests-AIr. johnson ys:----
And now let me call the attention Of
the Senate to what the Secretary of the
Treasury says that we do with the cotton
we send abroad. and what with the cotton
we sell at home, and then let us see why
he prefers sending it abroad 10 having it
manufactured at home. / quote from
his report:
at present prices our cotton crop viii
" weld an annual product of S72.0O0,000,
" & the manufactured fabric S5O4, 100000
" FURNISHING PROFITS ABROAD
" TO THOUSANDS OF CAPITAL
" lists, AD WAGES TO HUN
+" DREDS OFTHE WORKING CLAS-
" SES; all of whom would be deeply in
" lured by any disturbance growing out of
g state Of war,to the direct and adequate
" supply of the raw material"
Who gets TIE benefit! We send abroad
the raw material worth 12,000,000, and,
bv the process of manufacturing, its value
is enhanced, saws the Secretary, Ito 504,-
O0O,000. If that is done in England
somebody in England gets the benefit Of
the operation; but, if it were all done here,
then somebody here would get thebenefit.
Now who Is ii that the Secretary wants
TO get this difference IN value? Hear
what he says; give you his own words:
"At present prices our cotton crop will
" yield an annual product of $72, 600. 900,
" and the manufactured fabric S504 ,000,-
=" 0OC, FURNISHING PROFITS ABROAD TO
81 THOUSANDS OF CAPITALISTS, AND WAGES
- TO HUNDREDS OF THOU SANDS OF THE
'' WORKING CLASSES"
Now YOU have, the country, will see,
what it is the Secretary wants to do
he wants that these profits shall be shared
by the thousands abroad. That is the
new theory, that is the revenue standard,
that is democratic in his view of the
matter. Could there be more clear,
obvious, anti-American policy! We in
the United States raise crop Of cotton
worth 72.000.0 900, capable of being made
worth 504, ,0o0,G00' How is it tobe made
worth s504 ,O00,0G0. Bv the process Of
being manufactured. And how it that to
be done! The first thing is to vest capi-
tai in the reaqsite buildings and machine
ry; the next to employ laborers. Here
then. is the employment offoreign capital
& foreign labor,and the fruit is to increase
72,00O.000 TO 5O4 600, ,O0G; an excess of
49,, ,0G0.0G0. Who gets ii! The A.
merican laborer! the American capitalist!
No, no; according to Mr.. Walkers own
statement, that profit is furnished, and
should be furnished, to thousands a.
broad"
Is that democratic! Yes, that is demo-
cratic; that is the essence of democratic
wisdom: that is the ;quintessence of pc
litical economy; that is the benefit we are
to derive from progressive democracy
that progressive democracy which goes
beyond the United States, not confnig
itself to the limits of our own country
( A laugh.
Mr.. President, do not see how ii is
possible there can be two opinions as TO
the anti-national spirit and influence Of
such system as this. We are Ameri-
cans: we have capital here; we have la
borers here. This American capital and
American labor could just as well convert
those seyenty-lwo millions into five hun
dred and fonr millions as English capital
and English labor. Whoever does this |
enjoys the whole benefit Of the difference. /
Let that seventy-two millions 90 abroad, !
and hundreds OF thousands of foreign la |
borers are supported by those seventy-two /
millions of American cotton. The Sec !
retary's philanthropic spirit is so enlarged /
and sublinated that it takes in the whole !
world'and quite forgets home.