The Arkansas banner., 1850-07-30
NtsrFicTrgIS.

i The following Is passage from the reply sf R J. Walker, late Secretary of the Treasury. to aH inSitalion of te democracy of Pitsbare, 10 attend al public dianes. The reply Is dated June v;
 lhe position of Ihis city ls peculiarly faverabls 10 the successful development ol The great prnei- ples Of commercial freedom. She stands at the head Of lhs great Mississippi valley, the largest and fertile of the globe, with every variety of pro duet, and able to feed sad etoIhe every naiisn Oi the earth. II is to the agrieaisaral development o l this valley, destined 10 contain several hundred millions of people. that her chief manufacturing city mpstloek for tAs principal element of her aros- perity. That valley. mast have I0r iis products, untaxed and unrestricted. the EoaEkes Of The world and then ia it's enlarged numbers and augmented prosperity, the mapalsetnrsr woald fad his best customers. This agriculture can never reach it's great development, when restricted n it's exchanges excluded by high tariffs from international eom- merce. But fiil up the west =ith farmers, by do- nations to settlers of the public denaia, aud by opening every market 10 their products, and y0G would build up here the greatest industrial city the world has ever beheld.
 Two of Ihe States of the west could feed and eIothe the people Of this whole Union. and is such
 valley 10 be limited ls saiss here is twenty mil lions of peopis and shut out from the markets oi ihe one thousand millions who inhabt the earth To do 90 would be 10 limit the advances Of our ag- rieuture aud population, and retard the progress of our manufacturing cities IL is in vain to cay that we cannot compete with what is called the pauper labor of Europe Our workings -men have more yi1or, energy, intelligence. and inventive genius, and already export abroad millions in value of American fabrics. If such competitions were im- possible why are told that high tariffs in time cheapen our fabrics and enahle the American ulti- mstsiy 10 undersell the foreign manufacturer, al- though some element of foreign pauPer labor " (ss il IS called remains unchanged. This is an admission that successful competition s not only ma i.ua -tafa ,d urR Spiil abroad not ony immense amount of Amsricaa breaGStgffs and provisions, but millions of dollars "a value every year of American manufactures Of cot ton, wool, iron, aud other fabrics. So far from high tariffs being necessary ie effect this saecSs ul competition the aggregate value of our own Inanu- actureS sold here aud abroad, is greater now under low duties. than al any preceding period and is FsP- ;ely augmsnting every yesr. Even in iron there has been larger aggregate in all is branches mana faclnred here, and more American labor now em- ployed, than under any protective tariff. The largely increased anonRt of imported pig and bar iron has been worked up by American labor, and has afforded additional employ to thousands of our mechanics and artisans. The American black- smith, mechaLic and arizIu, have nade more shoes for ih- augmented namber of -O1r farm houses, more p,oughs for our fields. axes 10 ie. our forests, more agricultural implements for our ex- tended cultivation, more iron isr our ships, and machinery for cur steamers taat carried al
 
 this city of P,isburg there are nsw more men en- gagged in working up iron in all is branches ihaa under any preceding tariff.
 How. then, can system which employs more labor here, in ion, reduce the wages of tabor IL may be trus that iorges furnaces, inIu- dicinasy located, founded cd periloas loans aud expensive credit, may have ceased to work pig and bar iron the great material of ihe manufacture, may have fsilen in price; bu, the working up oi iron here in all it's branches, and for the various 10 which t is sppiiod by man, is much larger now than under any protective taFiH. P'tisburg uei oRlY works nP more iron now than ever before, but te Tiis.sui-sa rroc e the raw B.I-Fiai cEss- bes her artisans 10 sell their iron faics ;o grsa- ter amount and with augmented profits. Even tbea iu iron, more American labGF has been employed than at any preceding period; whilst in our agficu. tHre, commerce aud manufactures, taken in the gregate. the demand for labor has been vastly iu- creased, and wages thus Eaaintaiaed, whlch must have sunk uuder the protective systen