The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-05-29

Ths Hallssiss OF shs Proasctisnists.
The advocates Of protection on the other side Of the
,.n,s-or 10 describe them more correctly, the advo
AZ the policy Of tarng ne bread e and starving.
,oole for the benefit Of The Earl Durhsms 9. i'd
~ Great Britain in order to enable them to retain
rep,.ros Of 900 per annum their stately man
IONS their splendid equipages their parks OF deer, and
hs;, packs Of sleek and weied hounds-indulge in the
.ms supd and faacous arguments in support OF their
svs,em which we often see advanced by the pro-
,..tons,s Of This country Thus we find the following
.r,nr.nh from the London Morning Post copied by the
o0don correspondent Of the Philadelphia North Ameri-
i .boy The wisdom OF Mr.. Meredith's proposed sys-
TEN OF monopoly
,nsc, under this mr. Merodith'sl policy is rapidly
ing indie pendent Of for iabries and 10 con.
o,snce when short crop occurs, the planters and hold
- cotton in country have the Manchester manufac.
rr between the finger and thumb II Is this mo-
nsnt He must pay what they choose TO ask We shall
on have Manchester more complaining and proec
zionist than Buckinghamshire.
II appears from This extract from the organ OF the Brit
sh monopoists that there is at present sagnation in
the manufacturing business at Manchester which the
writer ascribes 10 Mr.. Merediih's system And yet he
gives one Of the true Of the depression OF the Brit
81 manufacturing interest; which is the short cotton
crop of the last year. The other cause to which he does
not alude, will mention presently Now. what
remedy would he propose for this act Of Nature this
visitation Of Divine Providence, which has cut Off
portion Of the cotton crop Of the world' Why il is
resort the British system Of proecton-not the levying
of additional duties upon manufactured fabrics coming
lin competition with the fabrics Of the Manchester manu-
|hcturers. II the manufacturers do not want, for
|hsy compete with the manufacturers Of the whole
world. The remedy which this profound economist
would propose is to increase the duty foreign wheat
land provisions, which in competition with the
products Of the tenants and ren-payers OF the British
|ndhoders, who the dukes, eas and other aristo
|crats Of the realm. The writer in the Morning Post
admits that the Manchester manufacturers are suffering
from the scarcity and the consequent high price of cot.
onthe raw material of manufacture and, in order 10
relieve Them he would impose an additional duty upon
cor and provisions. which would increase the cost of ne
food they eat and this he would call protection Well
may il be sad that "such protection as vultures give
10 lambs" II snot enough that one mill stone should
press upon them; the contrary, he would crush them
between two.
And now let how his remedy would relieve the
poor manufacturer surprising him to be distressed as the
writer seems to believe. Would increasing the duty on
wheat in the ports Of England make any more cotton
grow in Georgia and South Carolina Would il kill the
boll.worm or avert the frosts Could such kind OF
legislation by the British Parliament potent as is re-
peal the DEGREES of Omnipotence' would prevent the
movement Of single spindle or loom in America And
vet such is the remedy proposed by an organ Of the
British aristocracy, who are the monopolists of that
country, for the evils which the Manchester manufac.
urer suffers from the visations OF Divine Providence
which have reduced the supply Of cotton, and from the
competition Of the American manufacturer. In addition
othe high price which he now is Obliged to pay for raw
cotton in consequence Of the shoness Of the crop. the
British monopolist would compel him TO pay higher
nces for his provisions and this he would call relief
The argument precisely similar to that which is used
By the American onopost to justify return to the
rcvs system Of 1912 II. in consequence OF an abund-
harvest in Great Britain and other countries which
import grain, the American farmer is occasionally CON-
PEELED 10 submit to small sales and low prices for his
wheat and provisions the American monopolst would
add to his misfortunes. by way Of remedy for them by
compelling him pay for his cloth, iron sugar
land salt will be that, principle the arguments
the British and American monopolsts are the same
and when analysed, they substantially TO this
hat when the unprotected producing and exporting
classes are suffering from depression in business pro-
daced by natural which they cannot control nor
which any human legislation avert thar burdens and
offerings must be increased, in order that the monoposfs
both countries may be benefited This lie the amount
the argument Of the "protectoniss Of both countries
singular state of things exists among the manufactu-
rEs Of both England and America 10 this country we
bear the man uiacurers complaining Of depression in
nsr business, and we them stopping their mills and
schagng their operatives, in almost every section OF
he Union sreept the South where they seem still to be
long hourshing business. We hear the same com
plants from the manufacturers OF England. Has the
revenue tariff Of 1916 produced such sad results in
tngand' Or is this general depression in the manu-.
aeurng interest owing to other and more poien, causes
Undoubtedly it is In the FIRST place, the short
Prop and the high prices Of the material constitute
0s Of the causes Of depression High prices always
followed BY diminished consumption Of any commodity
entering into the general Of society. Thus, unques
onaby the increase or the cost OF cotton and the con-
euen increase Of the cost OF the manufactured fabric.
pom resulting from the shorness OF the CROP have been
followed BY decrease in the consumption. Here is
natural and sufficient cause for the depression Of the
manufacturing interest," and the reduction Of the quantity
|of manufactured fabrics
Another cause is over-production. There is now in
ne world more machinery engaged in manufactures than
necessary to supply the wants Of the world. Hence.
every two three years, the machinery Of the world
FOduces surplus, which would ruin the business Of