The voice of freedom. [volume] (Montpelier, Vt.) 1839-1848, 1846-07-02

mand and supply regulated price? M
5 hardly thought that he would 60 so ia
as that. But, MS the gentleman had as
serted iha! duties raised prices, he wa
bound to prove the truth of his position
| by quoting fac.s. The man who ASSERTED
a thing to be fact wRs bound 10 prove il
in court or out OF court. AS lawyer lh
gentleman knew this to be so. Nov, NJ
S. challenged the gentleman to put his fin
ger on one solitary case where his asSer
ton was true. What one protected aru
Gle, the product OF American skill and in
dustry, had been permanently increased
in price, after the duties, however high
had been first imposed for lis protection
Mr. S. challenged the gentleman and all
bis friends to point 10 one. Name the ar
,icle--a pin or needle. The gentleman
had not-he could not do it. And yet he
stood up in the face of the country and
the world, ard advanced the position that
protective duties always increased prices.
Mr. S. made his appeal to facts. Lei the
gentleman meet him with facts. He
could not; he dealt altogether in asser~
lions against facts. Now if, as MIR S. had
proved, protective duties had not increas.
ed, but reduced prices, what became Of all
this cIamor about high prices robbery,
oppression, and plunder? 1t vanished in.
10 thin air; it bad no foundation to stand
on, and the gentleman and his followers
were bound by their own principles 10 go
for the protective policy, which reduced
the price Of manufactured goods by in
creasing the supply; whilst, on the other
hand. it increased the price by increasing
the demand for agricultural produce, and
enhanced the wages of labor by ncreas-
ing its empIoymenls.
But the gentleman had also said, thai
while the tariff was oppressive on the in.
teres,s OF agriculture and of labor, it was
highly beneficial TO invested capita to
The rich monopolists, The lords OF the loom.
Now, Mr. S. said that just the reverse of
this was trae. While protection benefited
both agriculture and labor, it was but
small advantage, if any, 10 veStsd capital
The gentleman and his friends, without
knowing it, We're in fact doing more for
the benefit OF vested CAPITAL by keeping
up this agitation and opposition 10 the tar
if, and thereby establishing monopoly
By checking competition, than all tho tar
if men in that House put together. In
The case Of vested capital the tariff had
done its work; it had built the factories
up; it had introduced Improved machine
ry and increased skill it had done all
hat fixed capital required. Vested capi>
al was now on its feel--it could get along
without help. They had exported during
he last year between four and FIVE mill.
ons of dollars worth OF cotton cloth they
lad beaten The British out Of their own
markets. The grea! manufacturers of
hese goods feared no foreign competition;
hey had overcome that. All that they |
low feared was American competition at
ZONE. The protective tariff raised a.
galnsl them tia! very competition. While I
dvocaling, therefore, the continuance of
ur existing tariff, and resisting its reduce
ion, Mr. S. was working in The most di>
ect and efficient manner for the interests
f American labor-he was resisting for.
ign he was going for the Interests of
re American farmers and the American
lborers, aud no! fox interests Of large vest,
d capital he went to destroy existing
by increasing investments and
ompe'ilion-the only thing that could de-
roy IT. 1t was the gentleman, and those
Tho acted with him, by keeping up this
riff agitation 1t was they who were aid
'g capital. This agitation operated to I
leck new investments, and OF course to :
remote and secure monopoly. Those
no were contemplating the investment
new capital would defer it. O1e would [
y 10 another, "Don't build new mil! or +
rnace now, the tariff is going to be re-
iced" Mr. S. knew this TO be true
e had heard Of twelve large companies
no had intended 10 build furnaces in y
this spring. bat had sus- s
nded their purpose ill they should see Il
hat Congress would do with the tariff il
the present session. Did this hurt
ose who already owned manufacturing II
!abIshments2 Certainly not; it was 81
e very thing to aid them. This gave b
ew Eng gland monopoly It secured in 8;
r hands that which The people of Penn e.
lva0ia and the people ofthe South most
lnted. They wanted protection New W
1gland could do without il. Virginia e,
lnled it, North Carolina wanted il, so 81
South Carolina and Georgia, and all lc
, West. They wanted protection to II
lid them up; in New Eoga the tar 81
had done its work-it had fulfilled its I
ice. New England might now say 10 b,
5 government, Father, l am now Of 81
E am now on my own feet; | can /
Ike my way through the word I have ed
t John Bull and beat him; thank you 81
y much for what you have done for er
, and | will be burden on you no al
ger; now take care OF the younger w
inches of the family" dr.
TRon11 n1oa 9ooI ,n,.L1