The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-10-08

and real object as distinctly avowed in his report was
to break down American manufactures, and grind down
and sacrifice the free labor of the NORTH in the vain hone
II increasing the profits of the slave labor of the south
How lar tins same charge of MIR Stewart is sustained
by the passages OF the report referred by him on
pages and II, will appear by the following extract
containing the passages thus referred to- We quote il
at length, not much for the vndcaon of Mr. Walker
against very foolish accusation, as because of the
soundness of its doctrines and the force Of its argument
is hardly necessary to caution readers that the tar
III here referred to by Mr. Walker is the tariff of 1912
We have more fertile lands Than any other nation can
tae greater variety OF products and, il may be said
could feed and cothe the people OF nearly all the world
The home market of itself is wholly inadequate for such
products They must have the foreign market large
npus accompanied by great depression in price, must be
he result The States OF Ohio Indiana and Illinois, if
cultivated to their fullest extent, could themselves raise
than sufficient food to supply the entire home market
Missouri kentucky could more than supply with hemp
sufficient for all the home market Louisiana is npidly
approaching the point as to sugar and there
ans enough adapted to that prodnct in louisiana Texas
and Florida supply with sugar and molasses nearly all he
markets olhe world If cotton Is depressed in price by the
arif, the consequence must be comparative dimnuton
the product and the raising in its place. to
tent hemp wheat corn stock, and provisions, which 9TH
erwse would be supplied by the teeming products of the
greatest sufferers by the tariff in deprving them OF the for
eign market and that of the growing States We de-
mand, in fact for agricultural products, specie from
nearly all the world by heavy upon all their
lectures and the purchases from must therefore be
limited, well their sales TO us enhanced in price
Such demand for specie, which we know In advance
cannot be complied with, nearly equivalent to decree
excluding of agricultural products from the for
egn markets Such is the rgor of restrictions that
nothing short of famine opens freely the ports of Europe
or brcadstuls s
is best adapted situation and fnot depressed by
the tariff, would be the profitable. We raise
larger surplus of agricultural products, and greater vare
y than almost any other nation, and cheaper
Remove them from agriculture all restrictions and
by its unietered power it will break down all foreign
restrictions and being removed would feed the hun
cry and clothe the poor of felo-men throughout all
the densey peopled nations of the world But will
take nothing exchange for these products but specie,
cept very high duties and nothing but famine breaks
down all foreign restrictions and for time the ports
Of Europe beadsuiis. II, reduction OF du
ties England repeats her corn laws, nearly all Europe
follow her example, give TO her manufacturers advan
yes which be successfully encountered in
the markets of the world The tariff did not raise the price
our breadstuIs; but bad harvest in England does
giving for the time that foreign market which we would
all times by that repeal of the laws which
must follow the reduction OF our duties But whilst bread
stus rise with bad harvest in England, cotton almost in
variably falls; because the ncrea scd which, in that
event. England must pay for breadstus, will take
in manufactures but only iii specie and not ha
spare she brings down. greater extent the price
Of cotton. Hence the result that bad harvest in
England reduces the aggregate price OF our exports often
the exchanges against carrying specie abroad
and iniicng serious blow prosperity Foreign
nations cannot for series OF years import than they
export aud if we close mirkets against their imports
by high duties they must buy less Of exports give
lower price, or both.
Since Mr.. Stewart has venturel to refer TO Mr. Walk
er's report as distinctly avowng his hostility Amer
can manufactures, and his desire to break them down
and sacrifice them to their British rivals, will finish
our quotations from the report with the following pas
sage, in which Mr. Walker does distinctly avow" the
spirit and intention towards American manufactures in
which his revenue system and his report were framed:
No prejudice is felt by the Secretary of the Treasury against
nianuf His opposition to the fotecoe system
and not to classes Individuals He doubts that the
manufacturers sincerely persuaded that the system
which is a of SO much profit to them, is beneficial
also the country He enertainsa contrary opinion and
claims for the opponents Of the system settled conviction
Of its injurious effects. Whilst due regard to the Just and
equal rights of all classes forbids discrimination arr of
the manufacturers BY dfe aboue The ioest limit,
disposition discriminate against them reducing
pch duties operate IN their favor beiotc that standard
Under d,ts, is beieued they co,d still receire
reasonable pofteqnai to that realised by those engaged ~
other pursuits and 1t is thought they should desire
ut least Trough the agency of governmental pooy. Equal
rights and profits far laws made, best conform to
the principles upon which the constitution founded
and with underwriting regard which all its functions
should be execiscdlooking the whole country and not TO
classes sections
We take leave of this charge OF Mr. Stewart, by SIM
ply suggesting him, that whenever, upon any future
OCCASION he may choose for partisan purpose to bring
an unfounded accusation against public officer, pro-
fessedy based upon statements contained in public doc
ument it will be prudent for him not to specify quite so
infinitely the particular passages of the document upon
which he relies Some other points in this last letter Of
Mr. Stewart we may notice hereafter.