The Middlebury galaxy. [volume] (Middlebury, Vt.) 1848-1850, 1848-03-14
NUMBER 46.

wise Mr. Walker will lose revenue. Yes sir, i'm
port and consume double as much brandy to get
the same amount Of revenue. Instead ofTeducing, 4
he should have doubled those duties, and if he and
his friends will drink foreign liquors. let them pay
for it. But Mr.. Walkers revenue has gone down,
and he now calls on congress to make up for the
loss of revenue on brandy, fine cloths and other
luXurics. by taxing the poor mans tea and coffee.
Let hin restore the duties the rich mans bran
dy and other luxuricS, and then talk oftaXing tea
and coffee, and not before; and till he docs this.
he will never succeed in perpetrating this outrage
on the American people.
Knowing that low duties always invite exccs-
Svc imports, resulting in large balance of trade
against the country, ending in bankruptcy and ru-
in, MIR. Walker undertakes to show that unfa-
vorable balance of trade is of no Importance; that
the balance against Us has been frequent and
heavy. Yet. he says, our country has survived
and prospered.
imports, and an unfavorable balance Of trade,
always followed by the expectation of specie, with
all its disastrous consequences
Mr.. Walker might as well tell farmer in Penn
svvania, who sold his whole crop to merchant
from whom he got all his supplies for his family,
that it made no difference 10 him, whether at the
enc of the year the balance was in his favor or a.
gainst him. A nation is family upon largo
scale, and the same principles Of industry and E.
economy that secure wealth and prosperity to the
one will secure it to the other. The great error.
on this point consists in the assumption of fact
that is not true-that the foreign goods VIC pur
chase are be sold, whereas they imported for
consumption, and are consumed, and the balance a.
gainSt the country has 10 he paid in cash.
/ must hasten On-but | cannot omit 10 notice,
for 4 moment, one Of the greatest absur,ities Of
this cxiraold binary Report. Mr.. Walker grayely
tells rs, that our domestic products amount to
S3,0O0O0O000 year; of this we exported last
wear 81 so 600 OC0 the balance being rrqu red for
the supply Of the home market: but Inc says That
by adopting low dutics, We might increase our eX-
ports to S9C0,OO0nOO, and our revenue to $50,
100000 = year. This he makes out by sipposing.
against all experience. that foreign countries would
take from Us three times IS much as they do,
but surprising what has always happened, that BY
lo,~ duties YOU break down and paralyze your own
national industry, export YOUR specie, involving
the country in ruin and bankruptcy, destroying
both exports and imports, then what! Instead
Of 5000 0O0,OG0, yOur exports and imports will
sink down TO less than two and Il hall the Ortns
nv amount. But Mr.. Walker goes further still;
he saws by adopting absolute and unqualified
free-trade, reSOrting, Of COARSE to direct farot'or
for rcvenue-leyyiug the taxes on the American
people instead Of foreign Goois-Alr Walker says
we would measure or annual trade in imports
and experts by thousands Of m,liors!' Who can
but smile q. suc! insanity run mad. Mr.. Walker
might measure his imports by thousands Of millions
if he had money t. pay for them, but when he tells
us that the whole of the specie in the United
States does not exceed ninety millions of dollars,
not enough 10 pay FOR one months imports under
his "frce trade system, how long would II last
His free trade engine would blow out before it
got fairly under way Our imports may depend
upon ourselves, but our exports depend upon the
disposition Of foreign countries to purchase; and
they will not purchase from Us when they can
IL .I-oc lNn1tar devise
plan to create famine or the potatoe rot in Eu-
rope he may, 10 some extent, carry out his theo-
nv, but not otherwise. We crn purchase as much
as we please while VIC have money or credit; bit
like the reckless spendfhriit when these arc gonc
we must quit, and 20 10 work. or starye. There
is but one way in which Mr.. Walkers plan ofma-
king our imports and exports amount under free
trade, TO thousands Of millions and that is the
PLAN TO doubt, he has in view. That is. 10 ex-
port our ore and coal to England, and bring it
back in bar iron axes hoes, shOvels, needles. and
anchors. Export our wheat and corn, and bring
il back in -four; or what is worse for u. and bet
ter for them, worked up in costly manufactures.
Send them our hogs, and bring them back in BO-
ogna sausages. Send them our raw hides, and
ring them back in leather, shoes, gloves &c.
Send them our wool at 80 cents per pound, and
buy it again at ten times that amount, in cloth
paying not only for the wool. bu; for the fUreign
labor, and the profits Of foreign capital employed
in its manufacture. Send tcndOllars worth Ofraw
material and buy it back with the addition Of ono
hundred dollars paid to foreign labor for workings
it into goods while our own labor is left without
money and without employment see it stated,
that one dollars worth Of iron made into main
springs ofwatchcs, is worth $4,000; and this is
all lalor and its subsistence.
Such IS Mr.. Walkers theory Of "free-trade" car
ricd out to its practical resuts-this, he saws,
would give employmcptto all oar slips. Yes, sir,
and with the Propriety be might advise a
western Pennsylvania FARMER TO load his wagon
with wheat and take it TO Kentucky TO be groand,
and bring back his flour. TO keep his team cn-
ployed-what would the farmer say to Mr.. Walk,
er's proposition
TIE DEGRADING EFFECT OF FREE