The daily union. [volume] (Washington [D.C.]) 1845-1857, 1857-02-20


price There be doubt of this proposition, that
article but price in the market at the
time If that is not why do gentlemen who repre-
the manufacturing interest desire protection IL these
high duties upon foreign articles do not increase the price
similar articles manufactured at home why ask for high
duties upon foreign articles Why exclude Importation
There can protection unless the price increased
Sir according to my idea the protective policy 80 lar as
the indirect taxes concernedo nothing OF the IN
jury caused country by the burdens placed upon the
exchanges and of the paralysis which the productive ener-
ges OF the country have receivedhas cost the country
up TO the present time, Wel SIT that sum
would do great deal The interest of it would build all
the railroads in the United States which could desire
from this time to the of worldthe Pacific railroad
included 1t would support the without tax
alton. 1t would support four pavies large pres
one and, what perhaps is better sti would give
dowry every poor girl in the United States which would
enable her. possibly get good husband II would carry
teIegraphc wires every village in the United States 1t
would out every river and harbor in the United
States; and il would build good house for every poor
man in the United States. do not know where would
stop all the good which the interest OF
would do to the United States Yet sir this
has been sunk because we have been dominated
over by this manufacturing interest. rf
Dr. Franklin used to say that there might possibly be
such thing as "payng too dear for the whistle does
seem me- though submit it with great difdence that
we may be payng dear for the whistle" protection
And here let ask who has been benefited by the loss
of that $000OO0o0O In ls4G according to the report
of the Secretary of the Treasury there were ten thousand
capitalists engaged in manufactures and four hundred
thousand operatives Well sir, suppose that
double that number; suppose that we place at twenty
thousand the capitalists engaged in and at
eight hundred thousand the operatves first what 40 the
operatives receive for protection They do not gain more
recent manufacturing interests do the operatives gain
than average wages Hardly, apprehend Inc
operatives in nowise better off than they would have
without the protective policy for they would have
made the average Of wages in other employment
But there twenty thousand capitalists benefited by it
and to benefit these twenty thousand capitalists have
the benevolent feel
ings in the world for these twenty thousand capitasts
but it tina. they tax us rather TOO high when
they charge $000000000 1t would be better TO PEN
sion these lords of the spindle at oncebetter give them
each fortune and let them 60 we could thereby obtain
the great privilege Of having industry ana exchanges
untrammeIed. So much on this point
Tho report of the Committee OF Ways and Means reers
the example Of England as an argument tor protec
Lion Well sir surprised that the distinguished gen
teman the head Of that committee much behind the
times The example Of England is exactly the other way
In 1912, what the condition Of England She was
her exports diminishing daily her falling Off ev-
erything langushng England was the SICK man then.
Fortunately for England, her financial policy was IN sne
Robert Peel then Prime Minister lie surveyed the hed
and saw that be radical change in the tariff
Of England What did he do? He boldly applied the
knife to the English tariff and advanced fcarlessy in the
policy trade lie strlck at the very heart OF monop
oily lie lowered the duty corn. That was the great
point of monopoly there Hearng MIN speaking IN io4o'
lie says a st as
NV opinions the subject of protection have undergone
change Ny opinions modified by the experience
Of the last three years have had opportunity ot COM
pairing the of the principle which has been followed
during thone years viz; the gradual removal q
from domestic industry and am led to the conclusion that
the grounds public policy which protection defended
not tenable.' ea Aesa
In ls45 he made further advances in free trade And
here refrain from quoting the last words OF Sr
R,bert Peel on quitting Office in l845words indicating
great elevation ofsoul and great sensibility: E
"wthin few hours, probably that power which have
win be resigned into the hands Of another shall sur
alv cppsu
men, interested motives have adhered 70 the
2 ay Look y
sscra know By moa0po Tno' dr S g
b i 6s
remembered with expressions OF good Will IN the abodes
Of their brow wher they shall recruit their
gies with food the sweeer because no
longer leavened by sense Of ip)asticc.' 9a
subsequently, under the administration Of Lord John
RUSSELL The duties sugar greatly reduced and the
celebrated act Of navigation repealed S Robert fee re-
duced the duties imports and substituted an nceme
tax The principle which he went was 70 free exchanges
thus take off the burdens Of industry and throw taxation
ON property The results Of this policy very striking
on the revenue and the prosperity OF the country
Between lS42 and 1853 duties imports and the excise
reduced 100000 00o aud yet in 1853 the amount
yielded from these only tl224ll less nan IN
1872 BY reodelling their financial system IN Engand
they have added G600000 TO the revenue ana remtted
fl6 to the people Besides this The general pros
pei Of tie country has advanced in MOST astonishing
ratio, ms Is apparent from the following statistics;
The total exports of England in l842 o23;
in 1853 f9a357 3O6 ninety per cent greater han IN
1872 Such was the result under approximation 10
free trade Under the protective policy which existed IN
full rec from 1912 1922 corresponding period OF
twenty years. the results Total exports IN t4
TIC 964; in 1922 964, exhibiting decline OF thir-
teen per cent The exports Epgand to the United States
in ls42 f352sSO7; in 1852 an increase
Of three hundred and ffty-six per cent
glad, Mr. Chairman, that the honorable gentleman
from Ohio Mr. CAMPBELL has referred to the example
of England wish that he had been inspired hy hose
great ideas free trade and Stunned this miserable scnoo
The Latin proverb hnt fortune knocks at each mans
door in etmep So is it with fame Fame knocked
his door, but he cabined cribbed, confined by
the shaces of monopoly that he hesated TO open the
door, Would God that the gentleman had risen to the
grandeur of the OCCASION and not lent his ne abilities TO
galvanzs the eee ideas of the monopolstsdeas which
genius and experience have demonstrated to be the relics
of barbarsm ignorance If he had boldly struck out
of free trade, he would have married his
name q great principle and won an honorable niche
in the history Of his country but he has
| suffered the golden opportunity 10 escape MN
MIR CAMPBELL, of Ohio. Do understand the genue-
man from South Carolina to advocate system OF Tree
trade and direct taxation2
Mr. B0YCE. 1t is just the very thing am after.
| Mr. CAMPBELL, OF Ohio. desire to know, because
the gentleman from South Carolina has opporu-
nifty of distinguishing himself and of taking bold posi-
ton this great question He has offered substitute
for the pending bill and If he advocates the doctrine OF
free trade direct taxation let him modify his sub
sutc and he will be able carry it through this House
Modify it the basis of representation Will vote or
| it. t-tt t1AA ff
! Mr. BOYCE shall be delighted to receive the gentle
man from Ohio recruit and rally him under the BAN
ner of free trade for do not know anything which can
contribute more to the grandeur prosperity Of the
country than trade absolute and unlimited than Civ
inc 10 every man the privilege of selling where he sell