Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-12-16


too low.
The argument that must encourage our infant anuac-
always faacous for they would encourage them
selves the country adapted TO them But
they infant manufactures We have called them so for
sixty years. and will they be infant manufac-
lures until wesnGd from legislative protection On the first
OF February next the markets Of Great Britain will be open
breadsnfs nominal duties Shall enlarge the
kets for products by selling them Great Britain in the
only way in which she can purchase them for series OF
yearsby taking in exchange such Of her fabrics she
sell TO at cheaper rates than make them To the
farmer planter this just question whether he shall have
two markets one, whether he shall sell higher
price, less at lower price. II il be interest shut
British fabrics, il would be theirs their corn
laws, and exclude our breadstus from their markets
Il is said that other nations will not take products in
exchange for their fabrics but with reciprocal free rade
they must take them, by the universal rule that the purchaser
will buy the cheapest articles without inquirny whether they
made home abroad To force industry by pro-
ectve duties into less productive pursuits BY forbddng these
exchanges TO increase the amount Of labor and diminish its
products in other words force vorkmen labor
and receive less. The people Of the Union,
me pursuing their true interest," If left 10 their choice
uneered by legislation will purchase the best and cheapest
articles Bot this is restrained by law, and the
compelled by high duties purchase only chiefly domestic
articles because this, said, will encourage home indus
try. But the foreign import has been purchased by do
nestle export The barter may not have ben direct various
factors may have interviewed bills Of exchnge may have
used coin may have adjusted occasional balances but
agBregaiet
exchange Of products Thus the foreign import being
changed for American export, home industry
which produced that export has been better encouraged than
il forced by law into other pursu, rendered profitable
only by high duties.
The temporary high price Of labor in particular employ
often imputed to the tariff But be conceded tina
the protected articles thus enhanced this additional pric,
paid by the much capta taken from them BY
the tariff to the full extent Of the increased price, which other
wise would have constituted fund fr the employment
labor and the payment Of wages then any thing IL gninec
ia the enhanced price by particular branch Of industry
at the expense Of all Others and must result in dmnutor
OF wages depending they do the aggregate profit Of al
the capital and labor Of the country, and upon that
ployed in any particular branch Of industry. Thus, wh
wages may be temporarily augmented pursuits favorec
by law, they diminished in a Others and the wages OF
great majority Of laboers would be reduced and finally Of all
From the diminished aggregate capital there follows dmi
mutton in the aggregate wages paid in nation vast majo
rty Of the labor Of this country employed in agriculture
commerce. navigation, and the unprotected pursuits and
these depressed their profits reduced the wages Of hos
employed IN such pursuits fall many thrown out Of
poyment and thus general fall Of wages ensue and th