Weekly national intelligencer., 1847-12-18

our own products fabrics upon the seaboard would arrest
the exchange there for the productions of the world The
oocue that we in fair and
open SoMpeonis as and injurious the national
character as We're the fears Of 1912 that our gallant
navy must be retained within ports and harbors under the
protection OF their forts and ordnance and dare not venture
upon e ocean 70 meet on equal terms, gun for gun and
,o maui ae nases o. he worlds II our country is inferior,
and cannot meet at home and abroad upon equal terms the
products and fabrics of other nations il is time that we should
prepare 70 DO So Protection may exclude rival fabrics and
SHRINK from the encounter but only assume the posi-
uon OF an equal by trying strength trade or low
duties This have done and succeeded and have thereby
placed our own industry upon that solid basis which fears no
competition.
We knew not strength until had been tried bv Iov,
duties and proved that protection unnecessary We are
not inferior to other nations in the sciences in war or
IN peace upon the ocean or the land in agriculture COM
merce manufactures, or navigation We have the raw ma
tera IN greater abundance and lower price cheaper s
sistence mineral wealth, fertile lands Welding from
better soil and more to the acre. greater va
rey OF products with exemption from costly and
oppressive internal taxation at least equal Skill enterprise
industry, energy, perseverance, and inventive genius our
working feemen vigorous and intelligent, and perform
ing in day effective labor with better and ree nstitu
TONS and with public and individual prosperity, and capital
augmentng IN greater ratio than any other nation We
require protection because industry and prosperity
pose upon the mmovabe basis Of superior advantages and
advancing as are, rapidly than any other nation, i'm
all the elements of wealth and power exports imports
tonnage and SPECIE has been already proved will
ceed those of any other country and the prices be regulated
at the creditor city OF New York Restrictions upon the conn
mece of the Union especially restrictions upon her
mece and have mpeded her advance towards her destiny
predicted in my last eporas the and emporium Of
the commerce of the world For that high position she pos
natural advantages and greater Of aug
menting wealth and business than any other city.
Let the distinctions which high tariffs have
ed round her magnificent habo Let her have free scope
develop her transcenden natural advantages and she
become the depot of universal commerce, where international
balance sheets will be adjusted and assorted products and h
bics Of all nations nterchanged the great regulator OF p
current and the barometer of the exchanges of the world
The time approaching when bill upon New York will
bring higher premium than bill upon any other city, and
when the tribute of millions Of dollars paid by us other
tons upon exchange shall be paid by them us and flow into
our own great commercial emporium Whilst New York
must contain large population we'll as New Orleans the
principal depot Of the mighty West, and many other cities,
they will all be small indeed compared with the of the
people OF the Union, who will go augmenting in
pondng rao still leaving immense majority of the nation
engaged IN agricultural pursuits and supplying with their pro-
ducts not only markets. but those of other natons
IN evernceasng rao by reciprocal exchanges under free
trade or low duties Although it crafty all people
that American city should become the of universal
commerce, the advantages will be limited that place.
but all the people, and cities and States of the Union will feel
the favorable effects of this great revolution Every branch
OF our industry will be enlarged and nvgoraed and foreign
cities, having ceased 10 control currency,
will longer sink at their pleasure and with their evusons,
heretofore and they do the price of products.
Other Atlantic cities may not be great New York, yet
they will all be greater when the emporium of universal
egn city occupying that commanding position This destiny
we can never accomplish if restricted here and
industry, instead of seeking for its products and fabrics
the markets of than thousand millions of people,
tires within home market, confined to wenyone mil
lions OF people, and surenders without effort the markets
and of the world. liberal commercial policy is
essential 10 the fment Of this great destiny of New York
and of the Union but above and beyond ALL the Union It
sehe feerade Unionits perpetuy and onward progress
area wealth, and population, necessary TO the
pshment of these grand results Upon this point sectional
fanatics few in number home and depos abroad concurng
with hem may hope but the American Union
moral and physical political and commercial
sity and will be dissolved. As well might
attempt decompoe the great element of which holds
together the pane suns and systems of the universe
hope the links of mighty lakes and rivers of
extending eegaph, railroads. and canals of free ade Of
intercourse, of interest," Of love and affection, of the glores
the past the present. and the future which forever bind
together the American Union. Indeed, when look upon
the American revolution the framing of constitution, the
addition Of Louisiana, Florida Texas and Oregon-our
extending projects, and population, tumphs in
and peacewe must be blind the past and close eyes
upon the fulfilling realities of the efuure, if perceive
and gratefully acknowledge that higher than earthly
still guards and directs destiny, impes onward, and has
selected great and happy country model and ultimate
OF attraction for all the nations of the world.
r.. J. WALKER,
Secretary Of the Treasury
Hon. GEoRGE M. DALLAS,
Wee President Of the United States, de-