The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1850-03-06

to by the addition Of tho duty. Want Of ac.
curate knowledge OF all the facts renders it
impossible to determine precisely the effect
| which our revenue system preauces; but
that tis moat powerful and controlling can.
moi be- denied The Government sactually
raises more than thirty milliona per year by
| these duties The manufacturers, who Ger.
talnly are interested in selling their sproduc.
| tlons at a high rather than a low rate. and
who understand their true interests, attach
| the greatest importance TO tho tariff system,
and attribute to it's operation effects even
greater than have stated them to be. There
has been less complaint among consumers,
| because the cost OF n ost manufactured ar
ticles has been Diminishing from time to
time. This fall Of prices, however, is partly
/ attributable to the great discoveries made
| durlEg our day in chemistry, mechanism, and
the arts generally, by which these articles
are produced with much more facility. 1t is
alKo attributable to tho comparative repose of
The world, which has directed capital and IN.
Dor, formerly consumed in wars, TO industrial
pursuits. Hence, though there is gradual
reduction of prices in tie United States, vet
1t Is still more striking on the other side of
the Atlantic. In Great Britain particularly.
us well az in certain PORTIONS of the Cont.
nent, such is the accumMla1ien "f capital, and
so .asaa.-..,-.ttfSsViT- 'So;"9 "9 inborers who are
u0lSe -~-,O Work for mere subsistence, tha,
prices are at the lowest possible rate. We
nave right to take advantage Of this state of
INN ss, just az the Europeans do Of our cheap
production of'cotton. Instead of giving us
half dollar pound, as they used to do, they
as well as the people Of the northern States,
seem glad to get it for five cents per pound,
IN consequence OF our over production of the
article. We have, therefore. natural right
10 purchase their productions ut the lowest
rate at which we can obtain them. to counter.
balance the disadvantage VIC suffer from the
accumulation OF different kind of capital and
labor. TO alleviate this burden, we of the
south get back very little in the form of pro-
tec;lon. Why. then, have southern men hcen
Wiling TO submit TO system so UNEQUAL in
It's operation! Because, as | have formerly
had occasion To state, in the Convention
which made the Federal Constitution there
was bargain made between the North and
the South, that, provided they would allow
our slaves to be represented, TO permit i'm
portation for time, and to deliver M fucl-
tvcs, tho South would, on its part agree tha,
a majority Of Congress might have po, &S,
pass navigation or tariff laws. Astiss OF
the power under the circuysiE ~ sSfts, COS.
sarily implied that it waNt yjj$S s6SaJ. We
'elt hound in honor to acquicscc IN the second
place, protection TO such extent as might gi
nllr infant manufactures 4 fair start, was CAL
culatcd 10 advance the interest Of the nation
as whole, though for the time it might bear
hardly on us. And because, thirdly. we
hoped thai the southern States would after
time get to manufacturing themselves, as
their interest required them to do. and thus
escape the burden. 1t was thus that south
crn gentlemen, even after the North had par
tally failed to pay its share of the considcra-
ton, with great magnanimi,y continued to
sustain the system.
10 be CONTINUED.