The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-17


II he does not make these transfers of and capital
from one interest to another, the production OF one
exceeds the consumption of the whole, he throws his
scheme out OF It's equilibrium, and his theory must cX-
plode
Now, the bare statement of this theory shows its utter
absurty setting aside The violation OF every sound pnn
cipe OF political economy which it involves, and the
contradiction OF the testimony afforded by the experience
OF all civilized nations. There is nation the
world IN which great interest does not peiomnae
and produce more OF lis peculiar commodities than be
consumed by lis own people; and hence 1t must seek
4 market abroad for this surplus, it must suffer
1t to perish upon its hands, and thus the labor spent
in producing ii becomes an utter loss And it is upon
this great and interesting fact that commerce among
tons Is founded Commerce is but the exchange OF the
surplus products OF the labor OF nation Tor the sur
plus products OF the labor of other nations. Thus IN
theory, the scheme of Mr. Skinner, if possible TO
carry 1t out in practice, acoutd annhilate oil commerce.
ana, as necessary consequence all CIU2ati0n; Tor ma
tons will not mix with each other for courtesy merely
They must be impelled together by traffic. Such is the
order oil Provdence and the and the effort oil Tee
bic man cannot repeal 1t, nor successfully evaic IT.
SO much for the philosophy of Mr. SINNERS theory.
will now test lis utter absurdy and imposslbllty by
lacls, which neither he nor any one else can ginsay
The greatest and most important interest in this coun-
try the agricultural 1t possesses capital OF al least
$1,000 100000 and probably produces at least 81 100000
900 IN value OF products Certain that produces
large surplus of wheat, corn, cotton, tobacco, rce
and provisions, for expectation 10 foreign countries II
produces wheat and than can be consumed
at home, or for which market be found abroad
VI the grams, produces from 100000 to fOOtD0
OF bushels more OF wheat than be consumed at home
and OF corn, from 100000 900 to POO 100000 Now, MI
Skinner observes this fact He thinks if very hard
that the agrcuursts should be compelled 10 employ
merchants and sailors to send this surplus, nucn
of IT as may be wanted, abroad to find consumers. Nay
he hnds that, ordinarily, not quite enough consumers
can be found abroad to absorb this surplus He looks
about for remedy, and he finds the manufacturing IN
terest which he represents under the figure OF the loo
and the mining interest, which he mpersonaes in the
form of the anvil both employing much capital and many
persons And II TO his mind that the true remedy
Tor the farmers and planters whom he finds 50 oppressed
with the bountes of Providence have Congress shut
oat from markets, by egslation the cloth and iron
| OF other nations with which farmers and planters
have hitherto traded, thus rendering it impossible for
them TO purchase any of gram; and thus, also, by
rendering the business of agriculture poor and the
manufacturing and mining business so good, as to
pei transfer OF and capital from the former the two
latter, until the products of the former diminished
III amount that they will just equal the consumption oil
the whole nation will not stop here 10 consider the
effect upon the manufacturing and mining interests oil