Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1849-01-25
l5O,OOO,000

but of this amount it is safe to as.
sumo that three -fourths are ex.
pended for the productions of az
ricultnre, say 15O,O0O0Oo
and there remains surplus to the -
labor employed in manufactures
The raw materials imported ''oo'
which enter into the composition
our manufactured productions,
may be called X mn err
The materials which are
the product of our soil l45OCoOCO
Products OF Horticulture
ed by labor 10000, GOO 2oJ, o0o, 600
Total ssco,coo,ooo
Thus it appears, that Of 100000 600
of manufactures, 1926, 5000, OOO-nearly
THREE rouRTHs Of the whole-is expend-
ed Tor the PRODUCTIONS OF AGRICULTURE,
In other words, that our manufactures
provide home market underline protective
system, for about $500, 100000 of the
"rude produce of the land;" nearly one
half of the whole estimated value of the
crops of the United States!
Does not Adam Smith say truly; that
"the home market Is the most inportant of
all "'arkefs!' Can any system of free
trade ever give us such market as our
o,cn nou is, for the productions of our own
soil? And this splendid market is the re-
suit Of our protective system.
Some portion Of these manufactures are
SO firmly based that they will continue TO
exist, and produce, under any system of
trade which may be adopted; therefore it
would be unfair to say that ssfree trade''
would destroy the whole of them, and the
whole of the home market for agricultural
products which is based on them. What
proportion would he able to exist in free
competition with the cheap labor of Eu-
rope, nothing but actual experiment can
prove. That very large share of them
would have to give way under such pres
sure, will be conceded on all hands, even
by the most ardent advocates Of free trade,
for otherwise their opposition to protec-
ton Is waste Of words. Suppose thai
only one half should fail, and we have the
following result:
| Total loss of capital embarked, abou. sl.OCco Oog
Annual loss to labor * OG0 0GT
Annual loss OF market to agriculture 1910 .OOC
And we ask these free trade cham pions
how they will make these losses good?
The capital sunk and the income which
follows it, would be like ship foundered
at sea, and we say no more about that.
But for the 49,, 00O,O 900 lost to lator, we
ask where they propose to find recon-
pense? The profound Secretary of the
Treasury intimates more profitable
employment-but this is no answer; la
Dor wants TO know what employment
For the products Of agriculture, the $l47,-
OOO, 900 which would have been disposed
OF at home, we know they promise bet
ter market abroaa-but where, and of what
| productions? The whole export of pro-
visions and bread stuff for the last year
was only $37, 100000 to all the world,
and we learlessIy say that without fail
ure Of crops in Europe--let trade be as
free as water-it will never reach $50,
100000. Can it be in Cotton? Expert
ence has proved beyond question, that we
get least money for the largest crop. Or
Tobacco? Experience gives the same re-
suit. The idea Of forci On market equal
to this loss Of the home market is perfect
fallacy; it does not exist and cannot be Gre
ated. Then what will be the effect ofthis
loss to agriculture? Most clearly to pro-
ducc glat and ruinous prices.
Finally, we want all these manufactures,
or nearly all, and with 10 means of payment
how are we to get them? Increase our
enormous importations by the addition of
$3.50, OOO, 900, and how long can we stand
it? One year, possibly, and then we must
resort to the old colonial method of each
family making its own clothing and its own
tools-in short, begin where our fathers
were seventy years ago.
To show the folly of looking to Great
Britain for market, we copy the follow
ing statistics from the Liverpool annual
Corn reports"
Imports into Liverpool for the ending Sept co. 1s4
Colonial do 55,o06 +" Total 574,l65
Foreign flour l,s7s.4el barrels,
Colonial ro, til. year .aos Aug 1 s ls4
Foreign wheat 2ls,6sl quarters.
Colonial do 1885 Total eQ1 5O7
Foreign flour 227 ,2s5 barrels.
Colonial do 105,127 Total 3a2,41c
In lS47, equal TO 1854, SO5 bushels Of
wheat; in lS4S, equal to 3,434,l16 bush
els-a falling off in one year Of nearly
EIGHTY PER CENT! in quantity, and even
this small comparative quantity taken at a
reduction Of not less than twenty five per
cent, in price! and this too, while we were
receiving and consuming British manufac-
lures to an extent never before known, UNI
der the delusive idea held forth by Stree
trade" that we were paying for them in
bread stuff for which we had no use at
home.
In the same document we find the fol-
lowing remarks, which we commend to
the consideration of all Interested with
respect to the immense importation of A
merican Flour and Indian Corn for the
year ending Sept. 80, lS47, it may be
necessary only to refer TO the circumstances
Which called 1t forth; since that period the
supplies thence ofthe former articles ha re
little, # atoN, exceeded The arsrage of previ-
Gus years.
CHRISTMAS PRESENTS.
A STORY FOR THE HOLIDAYS. |
BY T. S. ARTHUR.
Didn't he make Won a present of any,