The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1850-06-25
NUMBER 9.

a rival one. He may hear that they are
working double time, or that shipments arc
large, at low quotations. Ere long the mar.
kets are flooded, and sale forced at merely
nominal prices, while the money market is
not easy. llo cannot sell at such rates. and
concludes to hold them over. if he is able to;
but, most generally, has not let them 70 for
what they will bring, which is something be
low cost.
If there be whatsoever huclualion in Eu.
rope, he is bound to feel it, while his wealthy
foreign antagonist can easily dispense with
any profits for year or TWO, defy the worst.
or do lis best, when he has our ports opon
to him as he now has
The same course has been pursued with
our great iron interest. which, under proper
protection, would be hardly second to anv
With this likewise, is intimately connected
thai Of coah Sugar is exposed to the same
eH influences, and too often has felt them
but probably there could be selected no ar,.
Gle OF American industry more permane to
the present subject in all its bearings than
nan.
The al ralo'em principle cannot, with any
degree of oxactness Or certainty, be applied
TO iLis article
as with sugar. so with iron. Both most
prosper in the long run, when the duties arc
specliie not so under tic al ral0rom sysien.'
where, when they most need pro riion, they
have none but the foreign couuo-i.ics Of
the same kind have it, and to their iniury.
Bat when prices arc high, the protection thew
do not want is offered to them.
Both these Interests have suffered greatly
under the present system. The furnace,
are compelled to stop, and are seized by tile
sheriff. while' instead Of making our own
railroad iron, we are buying it OF foreigners
in large quantities, by plcdgina in Europe
the stock OF the several companies.
Other, yes all branches oil american nro.
duc'ion suffer We are but paus Of the
same body, and what hurts pail must bs
felt by the whole.
cotton and ,rooHen .tacforios are compel.
ed to slacken their speed, and diminish ;heiy
expenses in every way. Labor is not worth
50 much, and cannot be so well paid, as un-
der tariff Of specific duties.
The workman of the United States !,
forced to work at low and declining WAGES.
while his employer slrueges on to the point
where employment must stop and he is then
to seek some other occupa,ion,
most generally Of tiller of the soil. In,
stead Of being a consumer, he become. q
p'olucer Of the nccessaries of life.
Supply and demand are the measure Of
each other. The farmer can get a hinher
price for his produce when manufactures
are prosperous. there being more consumer,
and less producers and has, what is more,
the best Of all markets. home market. Wo
do not mean merely ncighboring market.
which has been slrh source Of prospertv
to the farmers in the immediate vicinity of
places but an American mar
ket for the grower of wheat and provisions
OF all sorts.
The high price Of grain and provisions
now and then, since '46, are but exceptions
10 the rnle, and owing to forruitous circuin,
stances, famine and war.
10 the article OF irool, which is so closely
identified with our manufactures it is only
necessary, IN passing, TO allude.
It appears, from recent statistics that. 50
great has become the consumption Of cotton
IN this country, the competition OF the home
with the foreign manufacturer lends greatly
to the advantage Of the planter,
Il is also known thar the busines, of man.
ui"c'ufing is no longer confined to any par
iieular section, but is gradually extending
Itself all over our country-of course with
IN re competition, but it is at home. Instead
Of paying our capital to foreigners, we but
pass it from hand 70 hand
This is better understood than formerly
by our people, and they are daily becoming
m7re and more disposed to require of Con-
gress change in the existing system.