The Portsmouth inquirer. [volume] (Portsmouth, O. [Ohio]) 1849-1855, 1852-09-03
Protec.lon-The ..IIome Mnrket.,.


ProtectioRr-T The ssaome Market,
When Democrats, inopposiagt the psoisc-
hive peIicy. urge the injustice Of ObIigins the
consumer 70 pay an increased price for
msnyhctdIsd articles, orr opponents re-
ply that he is compensated, and more than
compensated by the establishment Of home
markell created BY the erection Of manu-.
lacturing establishments in the country;
causing an increased demand. and conse-
Iquently, increased prices. for his own pro-
ducts. This was Mr.. Steyenson's argument
the other day Of the market house, and it is
the whole argument on this branch Of the
subject THE consumer pays the do mestic
manufacturer in bis own productions, and
at Increased prices, whereas he is compelled
to pay tn foreign manufacturer in cash, and
for that cash he is compelled TO sellhis com.
modities atreiuced prices. Now little at
tention and dispassionate consideration will
show conclusiveB, that this is as far from
having any foundation in truth, as any Of The
other sophistries whichare resorted 10 10 boil
sterup this unjust and oppressive policy.
II is not true that the consumer of domestic
manufactures exchanges his o'Da productions
for them, any more than ii is that tho consum-
cr of foreign articles docs so.
The farmer does not take hls corn, beef OF
pork--the mechanic does not take his wares
TO the iron or cotton manufacturer, and ex-
change them for iron or cotton fabrics. Ev.
cry one knows that such is not the course Of
trade. Instead of this, he sells The products
of his labor for money, at the market price
and with that money, goes again into mar
ket and buys such articles OF manufacture as
he may require. Then the consumer stands
in precisely the same relation TO the foreign,
that he does TO the domestic manufacture,
as to the mode in which it is to be paid for.
In both cases it is by selling his own produc-
lions for money, and then exchanging that
money for the desired article.
1.-THE consumer is compensated then, for the
increased price he is compelled topay for the ar
ticle he buys, it must be By recciuing cores.
pOndingly higher price for uhat he sells.
Now this cannot possibly be, un1 why?-
Because the manufacturer cannot afford 10
pay it. To see this clearly, take the case Of
the manufacturer of railroad iron He can
not manufacture that article now, because
the cost of production is greater than the
price at which he can sell. The cost Of pro-
duction is made up of the price of the raw
material, the labor and the capital which he
employs, and of those things upon which he
himself subsists. II then, all these rise in
price in the same proportion that his iron
does, is it moi perfectly apparent that he will
be Just as unable 10 manufacture for high
price as for low one?
IL is demonstrable, then, that, in order to ena-
bic the manufacturer to continue his business,
there must be- an increase in the price of the arti
Gle he manufactures, ooer and aboue any ,ohich ac-
crues to other commodities in general. That
EXTRA INCREASE is THE TAX WHICH THE REST
OF THE COMMUNITY ARE COMPELLED TO PAY
FOR THE BENEFIT OF THE MANUFACTURER.
Such are the advantages which the COM
munity at large derive from this very saga.
cious device for establishing HoME MARKET