Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1849-01-11
150,O00,OOO
S5O,00O,O0O
100000
$400,O00,OO0

OIhl S4UU,UUU,UUU
Thus it appears, that Of $i00,000000 of man
uGacturesg S29j, 00,U00-ncarly three fourihs OF
the whole is expended for the productions Of ag-
ricuiiWc. In other words, that our manufactures
provide home market, under the protective sys-
ten, for about S3O0000.0O0 of the rude pro-
duco of the lands" 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 important Of att markets 2"
Can any system of free trade ever give us such
a market as our o,0n nolU is, for the productions
of our own soil And this splendid market is
the result 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 that may be
adopted; there ore it would be unfair to say that
" free trade" would destroy the whole of them,
and the whole OF the home market for agrlcultu-
raj products which is based on them. What
proportion would be able to exist in free coupe
lition with the cheap labor of Europe, nothing
but actual eXperemeut can prove. That very
| large share OF them would have to rive way IN
der such pressure, will be conceded on all hands,
even by the most ardent advocates Of free trade,
for otherwise their opposition 10 protection is a
waste OF words Suppose that only one hall
should fail, and we have the following result:
Total loss of capital embarked, a.
bout Sl700O00O0
Annual loss to capital, of ten per
cent on that sum 100000
! 4 nnufl loss to labor S5OOO.OOO
| Annual loss Of market to agricul-
ture 100000
| And we ask these free trade champions 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. iiut for the SSDOOO.DOO lost In In
Dor, we ask where they propose to find recon-
pense? The profound Secretary Of the Treasu-
~ intiuatls IN a more profitable employment
but ths is no answer; labor wants to know
what employment For The products of anrcul-
ture, the Sl470000O0 which would have been
disposed OF at home, we know they promise "a
better market abroad but where, ana Of what
productions? The whole export Of provisions
and bread spif for the last year was only S37,-
OOpO0O to ali the world, and we fearlessy say
that without iallhro OF crops in Europe-l let
trade be as free as water--lt will never reach
SoO,OUO,OUO. Can 1t DC in Cotton: Expert
encc has proved beyond question, that we get
least money Tor the largest crop. Or Tobacco!
Experience gives the same result. The idea OF
iorclgh market equal to TINS loss OF The home
market IS perfect iaiiacy II does not exist and
cahhot ne created linen what VIII be the Ell
rect OF this loss to agriculture Most clearly
10 produce gut ana ruinouS prices.
iindiiy' we want al lhese manufactures, or
nearly al, ana WIN no means OF payment how
are we TO stt uehl: Increase our enormous
imgortatlons ny the addition OF Sl5OOO0,OO0,
ana now long can we stand 1t ! One year, pos
slOy, and then we must resort to to the old colo
MAJ method oil each family making lis own cloth
ing and Its own tools-ln short, begin again
where our latheIS were seventy years ago.
10 snow the Jolly OF looking to Great Britain