The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-02-24
Our Com mercial Letter.

The letter of our New York Commercial correspondent,
in another column, will amply repay attentive perusal
Both the facts AMI the arguments contains are cacu
lated strengthen the policy OF country, il is
bodied IN our revenue laws
Great Britain has carried the policy of protection TO its
utmost limits although she had the good sense. in
her error base her system her land instead Of
moneyed corporations Her position is the Of
that OF the United States She is the great producer of
manufactures and the consumer OF agricultural products
She mus, sell manufactured articles order to buy bread
We may find il our interest TO sell bread and to buy
manufactured articles The great bulk OF her people
not andholders and consequently oppressed by the
high duties which levied and collected on the pro-
ductions OF the soil which constitute their Of
subsistence These dunes have filled her domnions with
paupersn and want, with misery and famine. contrasting
horribly with the splendid palaces, and gded coaches,
and livered attendants of the protected inierestshe
landhoders OF the realm. But the people OF England
must have bread a&d the production of the British
Islands does not furnish quantities sufficient for their
consumption Il must come then, from other countries.
There the landed arisiocracy, like the manufacturing as
ocracy OF this country, cry out for protection They
first endeavor to prove that high duties beneficial
alone to those who produce the protected articles but to
the nation a, large But this faacy falls the ground
before the stern test of experience Thus they cling
the expenditures OF the government, IN order that the
necessary revenues may afford the restrictions which
they require But even here they are met Sir Richard
Golden, the great free-irade Champion of England
boldly proposes apply the knife to the diseased part
He proposes to reduce the expenses OF the govern
ment by looping off the unnecessary expenditure for
the army and navy so that the government may dis
pense with portion OF the revenues derived from du-
ties on imports. Other nations then take OF
the products of gland for they barter when they
canno, buy The reduction in price, which a reduction
of duties would occasion, will enable the aborer OBJ
tain the food which he demands and the manufacturer
to exchange his productions for the agricultural products
of foreign nations on better than he could sell them
in money
These the principles of the free trade theory sc
successfully put in practice by the Secretary of the Treas
ury We essentially nation OF agriculiuriss, while
we are consumers OF manufactured articles IT, there
FORE reduce the duties the proceeds OF foreign
labor and ADM, them ports without unnecessary
restrictions they will come This process enables foreign
nations TO exchange portion of their manufactures FOL
surplus of the products Of farms TO extent which
would be impossible, if high daes levied and III,
specie drafts always demanded in payment This fac
for the prosperity OF the country under the tar
of 1896 and the happiness and conteniment which
apparent among the boring interests OF the country
Bot now Great Britain takes from than W,
from her, correspondents letter clearly proves
The balance Of trade against her and yet our net
monoPosis are crying cut that IT do not look to the
home market which they oser eagerly to embrace
oor country must be drained of its specie Their reason
ing unsoand, and the facts do sustain it But ihey
laborns for themselves They wish exclude for
egn prodpcons those foreign producers pareha
from The rewards OF the farmers toll will upor
his hands, and oassiegisiation make worthless wha
Providence and his hari labor have bestowed upo'
him.