Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1852-06-24
S9,139,2S5
3,967.764
S5,l7l,521
$3,551,543
1929


Imports, 1929
Excess of export over i'm
port of specie, S3.44I25O
At that rate per month, difference in
exports will make us debtors S62. O5s.-
252 each year, and our gold must 90
abroad at the rate Of Sal, 295, 200 an
nually.
know this does not alarm the gen.
tleman from Massachusetts. He thinks
that 1T would be the greatest of ca
lamities if the gold should remain here'
that "if we could succeed in keeping
at home SI00,000,000 a year, the
country would see crisis on a ire
meudous scale, altogether beyond the
case of 1897 Fearful us is the warn
ing, confess that | wish to see the ex-
pertinent tried. ! am for progress, and
wish to see something new. In the
last sixty years we have had some
eight or ten crises by over-importation
from abroad, and exhaustion of our
means to meet the bills. As friend
of domestic manufactures, wish to
see one homemade crisis, got up bv
keeping out of debt and keeping our
money at home by employing Amer
lean labor in manufacturing, and paw
ing that labor in American produce and
American gold.
What is the meaning of crisis "a
word that we have imported with other
foreign articles. In IFS motherland, |
believe it meant the deciding, the turn
ing point Of disease, when the patient
was balancing between life and death
Here we use that--as other thngs-to
serve various purposes. Among these,
to signify a state Of financial distress
in polite phrase, TO say an unpleasant
thing, that we cannot pay our debts
For the sake of variety, wish to see
crisis got us on the gentleman's theo-
ry. If 1t is not pleasant, do not try it
but once. What disease viii it bring
on nation, in which a crisis can occur,
unless it is plethora! That is certain
ly dangerous in the human constitution,
but has never been considered mortal
in pecuniary affairs. Try your exper-
iment first on an individual if it hurts
stop there Try it on Vermont farm
er, | will risk him, he owns his farm
and stock, is free from debt, raises an
abundance to support his family, to pay
the mechanic for every manufactured
article has money to buy his foreign
luXuries; has in his desk railroad bonds
certificates of bank stock, notes for
money on interest, and plenty OF cash
in his pockets. The crisis is not con-
tagious among that class of men, nor in
a country made up of such men. He
could not catch it any more than the
marble statue of Washington could take
the cholera.
1t now asked what would you have?
We would have at least what was prom
Used in 1916. Is there a disposition to
give it Here it is; send the propo-
stion to be read by the Clerk.
BE II enacted By The Senate and House Of
Representatives. of The United States IN Congress
assembled, That it shall be the duty of the Sec
retray of the Treasury within three months from
the first day of August, 1852 to ascertain whit
Nh9 blN Nutht VI liuihtl lFlIt--itAttu-
siye of duties- of the several goods, wares and
merchandise imported into the United States,
within the year 1916; on which ascertained val
ne market price-tln the principal ports Of
the United States)--the duties now established
by law, shall hereafter be assessed and collect
edn
1t has often been said that new fac
| tories and FORCES sprung up under the
present system. The fact is truly stat
ed, but the cause not assigned, that
manufacturers, prospecting under the
previous law, were promised a better
time under the present; they trusted
the promise. and have sunk millions
beyond the possibility of redemption.
Those then IN power are in power in
the Legislature now. Viii you give
the laboring men what you promised
1t can be done without any departure
from principle formerly or very recent
ly avowed. Take iron as an illustra-
: ton.
In lS46 it was promised a duty of
of Sl3 So e., thirty per cent. on
S45 per ton)-give the same duty now
on that article, and like on all others,
and manufacturers will make under il
struggle for life. 1t is the least they
can ask and the honor of those who
!, passed the present system can offer nc
= less.
n There ought to be a settled under
o standing this session, whether anything
. will be done. 1t ought to be done NOR
before the political campaign, fast ap
a preaching. We want some nationa
/ system that all will support, that N
: party will claim, and no party vii
: abuse. This is the time to settle tina
system, while different branches OF th'
@ government are in the hands of oppos
2 ing forces.
e The Committee on Ways and Means
d in the last and present Congress, hav'
/ a decided majority, and power of con
l. trolling this subject; though pressed b!
o the most urgent petitions and entrea
n ties, they have not, for now near thret
d years, peepcd, or muttered, or move'
4, the wing. We have had as little en-
al enlargement from the ruling majorit,