Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1846-06-25

ana in mine. in The South and WeSi, and thereby
securing d monopoly 20 vested capital, whereyei
1t existed, and present high groiiis, which could
only be reduced by enlarged competition at
home1 Was not tbs true Was II hol com
mon ssnsei lie pat IT 10 every mans under
ilsnding. I, was not only common sense, but
wha, wgs more, il was proved by universal tx
petlence
| TO show tie prpc'ic,! occr1tion of the pro
,ecI,ye policy he vOn,d ,ahe, by wsy OF ,liis'ia.
ion, the nelchboriny iron works al hona
Savosr, oear Cumberland. That establishment
nas Uccn built up w!h'n II few years some
time helnle il wss commenced land could be
oou.slt there fo9 tvo aud three dollars All acre,
winch could moi now be purchased uudcr twenty
or thiry dollars; and mineral lands had latCly
t.en sold q. hundreds of dollars per acre, which
a few wears before these improvements were
made, were comparatively worthless. Such
were the effects OF he protective policy. was
This system huritul 10 agriculture Then let
seuIlenen look al the lauel Fac ory, not iai
from this city. The proprietor OF thai Factory
| 'aIely hough' he gfonnl on which II stood io
| Ave dollars an acre and ,lc same proprietor
was now trying to purchase laud IN Tho neigh
borhood at tiiy and could not gel II. THIS Wa
. 'he effect OF giving the farmers market Man
|, niac,uliLg establishments mullplied the value
of farms In their viclnilv often len twenty, and
sometimes, mineral lands. an hundred od.--
And what was II, effect pNon labor ! Did II no'
| increase The price Of labor 7 What raised
prices hu, an increased demand 7 What de-.
| pressed pIiccs bat lhe destruction OF employ.
.ment? The protective policy, by ncfea>lng HE
i uumhcr of manufacturing establishments. oi
/ course increased the number o persons employ
4 ed in them, thereby creating greater demand
! and higher wages i'r labor. Laborets OF all
descriptions dock TO the iurnaccs--coal digeers,
n choppers, teamS'ers, and a thousand o!hers.-
\ Now, suppose the gentleman should quit his
II ag ation, make no more appeals IT, party, and
no more ani.tarid speeches, what would be
The eecl } Would not others go to building up
| new establishments 7 And would not that
! furnish new markets Tor farmers, and employ.
men for labor OF all sorts The Mount Savage
! works employed in various ways from four 10
( five thousand men. Lei three or four more
such establishments go up IN that vicinity, and
/. YOU would have AT once demand lor three or
| four times as many hands, and for all sorts OF
| agricultural produce in The same proportion.
| How, then, could gentlemen assert that The pro.
eclive policy was oppressive TO labor and
| agrlcullurel
N Mr. Holmes of :. G &. pnt question to Mr.
! Stewart, whether all this was no done by taying
/ the South for The benefit of New England y
N The gentlemen asked whether all this benefit
|. did not grow out Of a tax upon The Sorh Mr.
\ >. would answer the gentleman; If these facto-
! rie> were built Ivy government, then this might,
To some extent be tue. But they were built,
/ not by GovcrnfleGi, ,bul by individual enterprise
| and what sort Of tax was IL upon the South To
| give them better goods tor neiour,h the price
! they formerly paid Mr.. :. said he was very
\ sorry that his excellent friend from South CaI0.
lima should feel such deep regret at the pros
/ prrily o: New England If he thought that
/. New England was getting rich upon manuinc.
4 lures, he would advise him 10 90 home and do
!, likewise to follow the example, aud grow rich
| also. The gentleman said that he planters of
/, The South were working the whole year for a
\ proft OF four or five pei cent while the manu-.
/. iacurers of New England were getting forty or
h hlly. Was II not free country Who gave
I New England exclusive privlegeS2 Why did
n not the Soulb engage in the same forty or fifty
per cent. business, instead of working on q: four
Il or five Why did not they commence with
II coarse fabrics made from their own cotton. Just
Il a. New England lad done before them But
II New England was now passing from that stage.
and going into The higher and finer branches.
Il The South, he was glad 10 learn, were now com.
menclDg. True, they were yet in the 4 B & Of
I the business they were IN their infancy; they
wanted the fostering care and protection of
Government The tariff on The coarse fabrics
was now for their benefit. New England want
ed II no longer on. the coarse, hut only on the
higher and timer fabrics, in which they were
!. now struggling with foreigners. who were en-
Il deavuring To break them down by flooding our
4 markets with these articles al an under value.
Il hoping to indemnify themselves for temporary
losses by future exorbitani prices, extorled from
us when American competition IS put down and
destroyed.
IL