The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-12-18

HANGED price for the whole OF three per growing
of the increased demand sales. and enhanced price
OF the portion exported abroad, il would bring in
crease OF wealth. IRON that item alone during these five
years. up TO three hundred millions OF dollars
But gentlemen how allacious is the doctrine that re
duced tariffs increase the balance OF imports over exports
is shown by locking 1t the result under highest sri
the act Of 1873, known the bill Of sbominations
tlaugh!erl,snd which, from its exorbtan! character
seemed likely 10 produce civil commoon. Now, under
that tariff Of 1925 this balance OF imports over exports
ten per cent upon the imports. nearly double the
centage OF balance under the reduced tariff OF 1916
Here is decisive proof that high duties diminish exports
fully much, il not more Than they do imports Since
our government existed. the excess OF imports ex-
ports shown by the records oil The treasury from 1890
to 1884, amounted to several hundred millions OF dollars
Now. according 10 the balance-of trade doctrine. we
ought TO have been greatly impoverished growing poorer
and poorer every year yet the result is in defiance oil
this theory, that while we have increased in popula
ton during these sixty years six hundred per cent,
a4OO per cent showing the utter faacy Of this exploded
balance ofrade doctrine. lApplause The doctrine it.
self is weighed in the balance OF facts and found want
ing Here gentlemen, might present. had they not been
better exhibited by your own statesmen tables showing
the great advantages that have accrued to Great Britain
from your reduction and abolition Of du,es and es
peciay from the repeal OF your corn laws The truth is,
that commerce is not geographical sectional. belong
ing to any single country has the world for its thea,
they as fixed and certain, when undstubed by man.
the laws which govern the movements OF the planets
Our artificial regulations may produce perturbation,
legislative restrictions [Cheersl
Without OBTAINING you, however, by presenting your
own tables will only say that with the total abolition
Of many OF your taxes and duties, and the great re-
duction OF others, your revenue has augmented, and
you have applied surplus to the reduction OF your debt
And, gentlemen i j: consoling reflection that the two
people OF England, and We your children in America
present this period almost the solitary example of gov.
ernments whose receipts exceeds their expenditures, and
who have applied surplus towards reduction OF their
debts. Look, gentlemen, at Spanish Amerca-look at
the continent Of Europe-wilhout naming others, look
at the high tariff, paralyc despotism of Ausra-lhear,
heara State in the last spasms OF financial bankruptcy
We there gentlemen the police actually entering the
Exchange and by the power OF the bayonet endeavor-
ing to regulate the exchanges and even to regulate the
price OF paper money down TO their penny notes Why,
we all know that they mghtjust os well attempt to reg
uate the movements OF the heavenly bodies Not hay
ing exactly succeeded in this the next thing they do is
to assail the Jews who deal in exchanges and whom
appears, they now driving from Vienna and Frank
0 Ss al Of Sa as bave or
since fallen into financial bankruptcy, and she will de-
rive no advantage from this persecution For ourselves
in America, have prejudces against the Jews
Whilst Christianity prevails amongst u.s. we see the Jews
called in the Bible the chosen people OF God They hold
an elevated social position in our country and are eig
BILE highest oiceseyen 10 that OF President OF the
United States. Hear, hear
Well, gentlemen under this repeal and abolition OF du
ties not only has your revenue increased but you have
had great augmentation Of your imports, your exports
your tonnage, and your bullion your commerce. nayga
lion, and manufactures have greatly prospered and IN
seems 10 be generally admitted that under this re-
duction and repeal Of duties England pros
porous az at the present moment. lHear, hear But,
gentlemen, what appears TO one OF the greatest effects
OF this change OF your policy lis conservative influence.
in its greater security and safety England arising from
the improved condition, superior cono happiness and
conteniment OF your industrial classes (Hear hear ]
Never their condition good il il never
did they higher wages, and did they pay less
for food and raimen And gentlemen look at Liverpool
Why, am almost afraid TO repeat lest they may be mac
curatey printed what republished from your
that Liverpool has increased in population during the last
years from ,4s6 in s4l to sos 900 in 1851 Vel,
think this is an English horse you may against the
And again. when look at your docks your warehouses.
your steamers, your vessels your shipyards your rail
ngs. everything seems mark that Liverpool is making
gigantic strides in wealth and population Ii is clear to
that Liverpool owes 'hfs chiefly 10 free trade as the
great outlet and inlet OF commerce Here chiefly
cotton breadstus and provisions. our rice our to-
bacco and also, presume. 10 which you have no special
objection } gold Laughter and hear, hear] Strike
down all this trade, and what becomes OF Liverpool
And here permit me TO aude 70 distinguished member
OF Parliament, OF your own eminent citizens, VIM
Brown,l the intended chairman OF this banquet, now
fortunately absent from indisposon. from whom, imme
dately upon landing on British soil first received The
grasp of friendship. LAPpausel He was honoIed
high moral and social qualities his support of free trade
and his munfcent conrb buttons 10 useful and charitable
public institutions He i: as much an American as any
man ought be who prefers he does his own
try and he among the first TO aid and suggest
great Baltimore and Ohio Railroad. tHear hear,l He
knows well that commerce must consist In the reciprocal
sale of products and fabrics and that cannot bs
Quoted by exchange OF half-eagles for your
sovereigns.
Gentlemen, In discussing this question, | certainly
mean to make attacks upon individuals. In my own
county, well in yours. there many who differ
from me- for whom personally, entertain the most ex-
allied respect Amongst others might refer as differing
perhaps little from my humble SELF to our cistn-
guished representative at your court, hear,l who no
doubt, honestly holds the opinions which he has
avowed, but yet, at the same lime, Tor whom person.
ally for his ability for his pariosm, and for his noble
qualities both of the head and the heart entertain the
most sincere respect and esteem. And, gentlemen, IT, in
the progress OF events, he shall nd Of your dis
were mistaken, he would have the courage and manli.
ness to avow and reac his error. mean not 10 attack
individuals but systems, and what believe TO be erro
neous principles, hoping that endeavor TO be humble
searcher after truth [Hearl Now, gentlemen. ! most
firmly believe, and think it can be demonstrated, that
protection, it is called, whether be in England or
America, is essentially agIarian, HEART What was
one third the price OF British Now, If that be the
case looking at the time tina, they have been 10 opera
ton, in increased price, they took from the Brit
ish people, for the benefit OF email fraction OF the
nation, an amount OF money double that Of the en-
tire debt oil Great Britain What, then, gentlemen.
was the opera,ioni That a few Individuals inter
posed, by law, TO take from the rest OF The community
portion OF their property. their profits, and their labor in
order TO enrich themselves IHear, hear and applause
According to my notion, this 10 agraran Now, what IS
French asraIansm French agrarianism nerferes with
property too in somewhat different way; il proposes
10 take the property from the few for the benefit OF the
many The other proposes TO take from the many for
rianism OF aneen, Rome that took by armed spolia
ton from the vanquished, and distributed amongst the
people; this takes from the many, by raising the
prices and checking its importation. The one fed, the