Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1852-04-08

Hinder the present tariff there is a diminished
consumption aud diminished power Of consump-
tion: diminished production and diminished
mower of production diminished and still di-
minishng commerce according to authentic sta
tisiics. Truly and justly does spirited ami
clcar-siuhted journal of the present day state,
that some three years ago Mr.. Secretary al |
ker predicted that "before this time our exports /
were to exceed those Of any other nation, ana
the growth Of our shipping then 3,l4s,OOO tons, |
was to be SO rapid, that by the close OF the las /
fiscal year. 1t was 10 be ! y $50 tons, and IN
six wears from that date it was to be almost
eipht tnillions-and here we are at the close Of
the year iS50-jl with declining navigation, /
ruinous freights and ship yards that would be
almost abandoned if II were not for the substitu-
ton of steam for sails. Ships are Improbable,
and likely TO be more 50. There is no demand
in Europe, and the cotton planters are prosper
Gus only because of high prices, short crops, and
consequent low freights The demand Tor raw
materials Of manufacture dimnshes from day 10
day, and as our mills and furnaces are closed,
there is a heavy diminution IN the power 10 con
sumo tea, coffee and sugar, and all other Of the
necessaries and comforts Of life"
Is that, we ask, really and truly, and ia good
sense, free trade, which stops or diminishes trade
prruiyscs nh business, closes al manufacturing
Establishments and sidgHaies he Worid 1t
seems to me there is ltie reed0m in that trode
which is well nigh nnnhlated. But" asks the
free trade dreamer of the modern school, Why
should not trade increase, and why should not
consumption of every thing increase under great
y diminished or entirely abolished import do
ties? Why should we buy or use more of
every thing when the duties on them are icssen-
ed or removed; Plainly and solely, sir, because
we cannot buv aud pay for them he very
means Of procuring them are taken away from
as by the removal of that protection tiiat kept
the wheels going and everything IN profitable
motion at home--that kept all orr iactore and
furnaces, and machine shops going at money
making business, and enabled our farmers to
find n ready home market for all their produce
mt good prices, with cash in hand therefor. You
know very we'll sir, that when farmers are get
ting liberal prices and cash IN hand for all their
corn, and flour, and hay and potatoes. and beef,
and butter, aud cheese they can afford 10 buy
better carriages. and harnesses, and furniture,
and clothes, more tea and coffee, and sugar, 1--we
iu better houses, pay better wages for their la-
bor and live and enjoy both the comforts and
Injuries Of life far better and more freely than
when they ure able to sell nothing they have
raised for cash or are compelled 10 90 to very
distant markets and sell az ruinous prices there.
So with the aborng man, the mechanic, the
manufacturer, and all other classes, If they arc
all prohtaby employed at rcmunerotng and good
( prices, they can afford 10 consume much, spend
freely, live we'll and still lay up money But i
they have 4 not to spend, il is celaIn they cam
/ not spend 1t. And this IS the grand reason why
T The want of protection compels MS to consume So
much less than when we had adequate protection
! for all the great interests OF the country.
Hence, too, though our imports exceed groat
/ ly our exports, we are obliged 10 export AN ul
I can possibly spare OF The Comparatively ,nnl
amount we produce, FOR two reasons First, WC
aro unable to consume 1t by reason of beng zoe
poor to pay for it: D "a. the would -be-cousonel
cannot pay the prnducer,l and second, we mus
pay the foreigner for our imports n something
We have and he viii take. For Instance, " lh,
average import of cotton goods ln the l1si YcT
Of the tariff Of 1872 ending June Both IL l., Wa
Sil7sO.0O0. That of the first thrsa-Qulrter- o
the last fiscal year WIS Sir ,62i ,497. 1t We ad,
in the same ratio for the fourth quarter We ob
tain total Of S24 so 90. being an increase @
over Sl0,OOOO00. The average Import OF nan
ulaclures Of wool ia the last two years Of ;hl
tariff Of 1912 was SlO300C0s That Of three
;, quarters Of the last year was Slj,S95,c23. Nd
ding proportionaly for the last quarter give
S2l, lN3,l30 as the total for the year, being al
increase Of nearly similar amount as IN coito
goods.n
We find here an excess of about twenty nil
lions Of dollars in the imports ,of two items only
of cotton and wooden goods 10 set against d
mnq92 q NM IN 'e4 and coee and AGAINST ga SIS
(root Rritoiu IRON, tIis c,,r,ry ,,1 ..,.i,.i ii,
I'm, s;yJ,,or s.,e,,j,, ,,,JJ;o,,, H. g., I .,iil
Xix If 5,Ii fyon,,.,,D' I y, f5ofc ,,',,,j ,r
me- writer above ,f;.rroi u, NH mite .l..
In H., n,,,nr Jo,rI, c,r tI, ,li.tl, ,,.i..,i H..
T-d.'n Ana ho G,r,b,r'. Jls .st,,l,.1..,.
10 Uni, his in,ro,so in ,i, n,,r,,,, ~ ,..,.,
Goods we bo,o "a dir,i,,,,,,, n, ti. b,.,,, ,.,,,
fcture of cotton Goods ar1nnntin., q, I'M. l,,,
dred and sixty.foi,r tbout,nd h,i5s ar .b,r
eioltv mIniops of Mounds r,,itor ,b.,... III,
total ,qegbf Of cot,op ,r,r,rt,1 I,,.s,,.i ,,,.,.
e tblrty.fve millions ot nonnas anJ tine iucra,s..
, ,n,n5rt is ,,rl.r t,v,.,,i. ,,ill,,o.n
I'm. 4, ,,e d.,n.,,.tr,.,.. ,,,- 1,..r....i,, ,..
dnrtion and dccreas.n,, po,,rr ,f proJ. ,tioa
our drcre,sii,,, c,rsn,,ltilr a,,l e,..,. ,,. ,.
or of con.u.ontiop onr ,norea.,,,.. ,,,,',,,,..,,
4 not in buIl or WEIGHT Inf IN t.o u,bar r \
, lars demanded M iban and cor..,,,r,,,,, ann
r,pidlv ,ucransin,r ;rieb,.,i,,rss a., f..,i.,,...
s For the last ycar nothing hnt I'M, Immense ,..r
. of the aoid MINES nt Cal,f,rni, lns daloctl ,
. saved as from the in,pepdip,e crash
s Atbouub m a co,,,ry ,nrrsasi,r in ,o,rl.
ton and develoninents ~ nsyy r..,i,,,.,s 81. .,r
I iii, as o,i,s i NAV uct be ,,t,aro,s a., .ii,,
n imports 10 exceed ,N,o.t. m snail evts,,t. AZ
/ where the excess is ,rreat ,',srv n,n3o,f ,.a
3 viii apprehend dancer ~ Tho per,i,,,a,t i,,o,
esis pnd prosDrritv of th, conntrr INV rtdl