The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-06-27
We have not the

by an increasing population. We have not the
means for determining what has been the guam
tty of cotton retained for the use OF the Southern
factories But in order 10 have kept its rela-
tive proportion 10 The increased population of
the country, the consumption OF the Northern
mills should have created an increased demand, ,
during the two years, Of one hundred and forty
thousand seven hundred bales instead of which
there has been dminution Of forty-three thou
sand. To have supplied this deficiency would
require that the Southern mills should have given
rise to an increased consumption in the same pc
Rod of one hundred and eighty three thousand
seven hundred bales, over and above what was
necessary to make the growth of their demand
correspond with the advance of population. 1t
needless to say that they have fallen vastly
short of this, though their increase has been
rapid and gratifying. Whatever it may have
been, it has been the consequence of policy
which it was the design of the tariff of lS46 not
to encourage but to repress
In no respect then has the cotton planter de-
rived any benefit from the policy of fostering
foreign trade instead of home trade, and he will
doubtless feel proper sense Of obligation To the
Union for making him aware of the fact I'm
der the operation Of the tariff of 1912, the Amer
lean consumption of cotton advanced from an
average of seven pounds per head up TO twelve.
The power of consumption in each individual
increased, because labor found full employment
and good pay. The ability Of all TO purchase
cotton fabrics increased in much more rapid
ratio than their numbers. Now, the power to
buy is receding more rapidly than the numbers
increase, and larger aggregate Of people takes
less aggregate of cotton.
We observe that one of the speakers at the
great protectionist meeting held in Liverpool
on the 9th instant, remarks upon the fact that
the English Free-traders are like the editor of
the Union, busily engaged in showing that
their policy will not accomplish the end for
which it was adopted
'swas there ever" said Mr.. Young, ga greater
inconsistency than that propounded by the Free
traders, who, after advocating the advantages that
were to be realized by the masses of the population
from cheap prices, console the agriculturists with
the persuasion that the prices have reached the
lowest point and they will shortly rise; or, The
Times recently said, We hope the prices rig
ing [cheers and aughter.l Happy, happy peo-
pie !felicitous when prices falling. but still
more, more happy when prices rising. Loud
cheers,l How was ii that these men were alright
ed at the Frankinstein they had raised"
They went TO work 10 invite the importation
Of corn for the sake of cheapening il now they
are endeavoring TO show that it cannot be so
cheap in future. They tell YOU" continued
Mr.. Young, "'that prices must rise, because it
won't pay the foreigner to bring corn to your
market'-in other words, that the object of the
law cannot be attained as thoroughly for the flu
ture as in the past. They may perhaps derive
some instruction from their disciple on this side
the water, and by his aid be led TO make the
proposition more general, and maintain the
broad doctrine and the true one, that the policy
which looks TO foreign markets, to the sacrifice
of the domestic is universally tei0 de SC.