The Yazoo City Whig. [volume] (Yazoo, Miss.) 1844-1851, 1846-10-30

consumed
abroad. But suppose, for the sake of argu-
meni, that The protective duty takes from
the cotton grower so much of the foreign |
market for lis raw cotton as it affords home |
market Tor the domestic manufacture, il is |
palpabie that il would, at the same time,
give him home market for fully the same
amout Of raw cotton, as ii would be mpos>
sible Tor Us to fabrcate without the raw ma.
ierial Beside, this home market must be,
to the extent Of it, a much better one than
the foreign, If the great profits of our faclo>
| rles are not the sheer fdbricdtions Of South
elm politicians You will pardon me for say
ing that these politicians must have a great
deal OF raw material to work upon at home,
or they would never send so gross fabric
from their political factories.
History proves that England, the great
cotton manufacturer, has never taken one
pound the less of our cotton on account of
| any increased protection Of our own maEu~
features, nor one pound the more because of
any reduction of duties on our part. She
has gone on from year to year rapidly increas-
ing the quantity of her consumption of our
staple, irrespective Of our duties. She seems
to have acted under stern necessity, which
impells her, under all circumstances, to
manufacture this product Of our soil, and beg
for admttance at our ports with the fabrics
of her loom at any price. These statements
arc not loosely made. write from the record
and to substanliate my position, refer TO the
table respecting raw cotton to be found in
the National lntellgencer, of September 6th
taken chiefly from McCulloch himself, the
great champion of Free Tade
Fit is asked why it is that the expansion
Of the manufacture Of this article has con-
Itinued, Notwithstanding the continual reduc-
ton Of the price Of the fabric. perhaps We
will find the true answer partly in the rapid
development of this country itself, whose
inexhaustlble powers Of production act, by
means OF the cotton trade, as a stimulus on
the labor. craving population of England,
which, in its still increasing demands for
our raw material, reacts with Voltaic energy
upon the productive spirit Of our people.
Production, manufacture and consumption
of the fabric, have kept pace together. AS
an outlet for the swelling manufacture, re-
duclng prices kept up continually eXpan'
ding consumption, and thus is explained the
difficult problem why production, in the
midst of its almost miraculous expansion
but slowly abated its extravaganza profits. A.
the improvements in machinery, togethe
! with the reducing prices of the raw materia
: enabled the manufacturer 70 continue hi
reduction Of price for the fabric, so likewis
. the improvement in the culture and the ma
9 chinery FOR preparing the raw material 70
!, market eEabfed the planter to lop from hi
u prices, and preserved his gains but it'll
| III t,n h,
= day remain greater than those of any othe
= branch of agriculture, with perhaps of tn
: culture of sugar.
9 But | wish to show you, by plain historic
= detail, that this splendidly acting and react
! ing system between the manufacturer i
:. England and the producer in America woul
: long since have ceased its wondrons actio
= but for the protective arm Of the America
- Congress.
IN In l774, England repealed the statut
10 which made it penal to manufacture any al
1e ticle wholly of cotton; and from that tin
h. till 1906 levied duty of Sd. sterling upc
nr every square yard manufactured in the realr
n. In 1906 this excise duty was raised to 81
no per square yard, Besides this excise dut
SO an impost duty of9s I'D, sterling per CIV
n
ne tariff Of 1897. which was raised TO 9s. "a
n under their tariff of 1910
nst The troly wise men of this country, su
ed as Washington, dams. Jefferson. Madiso
it, and after them, even John G. Calhou
we Lowndes, Clay, and host of others, saw
be once how beneficial il would be to the co
life sumner of the fabric, as also to the produC
cd. of the raw material, if we could but ma
ic~ ufacture this cotton at home, and thus sd
in from eight TO ten dollars per cwt, on the c
,ws ton in the coarser fabrics. Hence the p
by lection Of the earlier Administrations a
sis hence. among other reasons, the lively 81
ect port which Lowndes and Calhoun gave
err the tariff of 1916, and hence the frequl
urging Of this subject upon the considerat
f is, of Congress by Madison, and after him,
ant Monroe. Our manufactures had taken so
for hold during the restrictive system of JEFF
,un- son, and afterwards during the war; but
10 is ter peace was restored, the flooding inn
r SO tations from England seemed likely 10 o
roft whelm them in their infancy, until, by
the tariffs of. 1924 and 1928, adequate protec
ould was given them. Now, mark the eff
eicn Jackson, in bis first message, believe it
fac adVerts to the tariff of 1925, and accounts
IS us the singular failure IN the predictions 0
nent opponents respecting the prices OF prote'
ing; articles by the extraordinary impetus g
orac. manufactures thereby, increasing then
cory. much as actually TO reduce the price,
j, all withslanding the duty. (That mode Ofacc
uaht ING for low prices under high duties
biec- sound and true and republican in Jacks
, two message, but 10 the mouths of Wings nc
" far is false and ACKNOWLEDGEMENTS fed
scess Bitish, or any thing demagOgue cho
' far, to call itl
sg on Now let US mark the effect Of this !
If re- "bill Of denominations" upon England an,
blecs will soon see what lever We held upor
lteen on this subject. The great compel
osl Of with England which tina ..bill'' raised i