Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1847-11-24
"a Home Market"

Standard Of the 9th ult.. our eye was ar
re.ted BY the above caption to an article
well nigh column in length, all called
forth BY the every day occurrence, though
attributable to different cause, announc-
ed in the following Introductory para
graph:
"The failure Of one Of the largest COM
mercial houses in New York city, occa.
stoned in the main, by the sudden decline
in the price Of breadstui1s in Great Brit
ian, induces us again to allude to the i'm.
portance Of home market"
By this it may be seen to what shifts
the federalists are driven for arguments in
support Of their utopian doctrine Of a
high Protective Tariff. The country
prospers under the enlightened policy o:
our democratic administration; the prices
of the necessaries of life are reduced; trade
becomes brisk; agricultural products COM
msnd good remunerating price; labor Of
all kinds is more amply rewarded than be
fore; the manufacturer, though his profits
are reduced, still continues to make mon.
ev, and the revenue Of the country is great
ly increased beyond that realized under the
prohibitory of duties the old tariff. The
predictions Of ruin, SO freely INDUCED in
by federal politicians, have all proved
utterly false, and the alarm cry of rum,
ruin, ruin, has perforce died away upon
the air. But, behold, zone Of our largest
commercial houses ''-a company Of spec
ulators upon grand scale-chances to 60
BY the board, and the event is at once
seized upon by the federal press, 10 show
'.the Importance Of home markell"
1t can hardly be expected that we will
enter into labored argument to show the
impolicy Of system whose. advocates are
compelled to resort 10 such fimsy argu-
men,s as this to sustain it-argnmen,s
which are in themselves evidence that The
sympathies Of the federal party are all
with the wealthy and specializing classes.
The prosperity of the labo'ing and pro-
ducing classe. furnishes, in their esiima-
ton, no evidence of the wisdom and ben
ificence Of our present commercial policy,
as the general embarrassment and depres-
'ion Of those classes weighed nothing with
them, formerly, in favor Of the repeal of
the ruinous policy Of the black Tariff.
With ,hem, the prosperity ofthe ''!arse
commercial houses' and monopolizing man
uiactories, is synonymous with the pros
perity OF the country; and whenever few
Of these fail, the country is inevitably
ruined, in the estimation Of our opponents,
unless something be speedily done to fos.
ter and protect them at the expense Of
the laboring million: An attempt is i'm
mediately made to raise panic. and the
changes are rung upon "lhe importance of
home market in order to gull the PEG.
pie into a restoration Of the old exorbi-
tant duties.
How supremely ridiculous, at this day.
is all this croaking about home market
AS though home market could only be
secured by the narrow contracted and an.
ti-republican policy Of restrictions upo,
trade! Have we not now quite as gooc
home market, as we had under tht
old restrictive policy? Most assured.
~ we have-in point Of fact, much bet.
ter. But the main cause Of our create,
prosperity under the present system, is
that the most important commercial ports
OF Europe have been opened, by the
reciprocal free trade policy, to the sur.
plus products of our soil.
A purely home market never can be
S'ea'eu commensurate with the wants Of
ahe agricultural community Of this coun.
try, for the simple reason that It is moi in
the power Of government to create ,ha,
which does not exist by natural causes.
When we consider the vast production.
q which our wide extended and rich do.
main, with every variety Of soil and eli
mate, is susceptible, il is selfevident tina,
the home consumption can never equal one
tenth part Of our agricultural products.
And 1t IS susceptible Of demonstration. al
SO, tina. the home demand will increase in
proportion as the restrictions upon trade
are removed and our foreign market ex.
tended. Talk Of an exclusive home mar.
'xet ior the people Of the United States
iorsooth! They are bound 10 have the
whole world Tor market.
II Sn,art Boy.-An urchin remarked
that the principal branch Of education i
his school. was Tho ,c;Jlo,. h,.n..i. !.