The New era. [volume] ([Portsmouth, Va.]) 1845-1847, 1846-05-05
From the Morning News.
THE HOME MARKET AND THE
TARJEFITES

we recently alluded to the singuarly clear
manner In which the arguments of Mr.. Hudson
OF Massachusetts,, against the foreign market for
grain had been defeated by Gen. Bavley, of Vir-
gina, IN his great speech of March ill., In the
same address Mr.. Bayley DESTROYED another hum
bug OF the monopolis,s, in which they alleged
that the market they atfurd for the consumption
OF breadsiuf is the "best," and that it will be
destroyed 1t The restrictions upon external inter
course are removed. This position to any person
endowed with ordinary sense is in itself ridicu-
lous, as if The manufacturers should. in conse
quence OF being deprived of extra profits get fit
OF the pouts," or what in negroes are called
sulks," and refuse to eat any more. We ap
prehend that If these profits were less and their
luxury cnrtailed, that dried apples and preserved
cherries of home growth would be substituted for
the dried fruits of the Mediterranean and the
preserves OF the Indies. That champagne wine
would be supplanted by cider and French silks
give place to American wrought fabrics. How
| ever, Gen. Baylev shows that the number of those
who manufacture goods in competition with those
ct Europe are inslgnitieanily small as for insanc
the census gave population to the United States
OF IL 200 900. and those employed in manufac-
lures and trades at 79l ,749. Those trades"
include, says Gen. Bayley, Smiths masons.
bricklayers, joiners, ship carpenters, house build
| ers, shoemakers, matters, SC. &c. None of these
are IN any way benefited by the tariff; on the
other hand they are taxed heavily by the tariff
tor the instruments of their labor and the raw
materials imported, while some of them EXPORT
largely.and consequently can compete with foreign
labor In neutral markets. AS an instance, Gen
Bayley gives the value of boots and shoes i'm port
ed for six years from the Treasury table at
S25O,3l5, and the exports 81 ,224 ,3l4, an excess
OF near 81 ,OOO.OOO exported! The number of
those engaged in this manufacture in Massachu
seits is 45,e77. while the number engaged in the
cotton and woollen manufacture is 1882 only.-
In hats, the results is nearly The same. In lS45.
there were Sl6,OOO worth imported, being fine
Partisan hats. for the wear of factory stock
holders, whose full purses and swelling pride
makes them fancy that Paris hats only will suit
their arlstocratlc " nobs'' to distinguish them
from the . masses" At the same time there
were exported oil good American hats $40, 597
worth. OF these. SLY 1868 were TO the Canadas !
in opposition to English made hats The re-
malnder were sent to Cuba and the South Ameri-
can countries in successful competition with Eu-
rope. The fact is, there is no article in which
United States skill and ingenuity cannot beat the
manufactures of Europe. In those manufactures
which require enormous capital to establishthem,
as cotton and woollen mills, the only .'protec
lion" which the American consumer and the
American laborer have against the natural
oppression ct capital upon labor, is to allow the
large capital OF Europe to compete with over.
grown capitals here. In that case manufacturing
capital would get no more profit than inanufac-
turing labor As the matter now stands, manu-
featuring capital has complete monopoly, and
Expresses the labor of this country at a fearful
rate. As an instance of the profits they derive
from this monopoly, we take from statement of
Thomas e. Cary, treasurer of the Hamilton
Manufacturing Company of Lowell, Mass, re-
turn OF the average dividends of four companies
for the last 20 years.