The daily union. [volume] (Washington [D.C.]) 1845-1857, 1857-02-14

TIghlJ
that there is decided opposition to your theory 1t the
part OF wisdom to press this demand nowH s not bet
Ter TO test your theory by actual experiment. and then
come forward and ask for its adoption
submit to every man In this House whether the de-
mand for free wool 10 not too radical for the temper Of the
timeswheiher so great change If carried out at once
s not likely to have the effect OF alarming and shocking
the confidence Of the country When you take the ar
cles OF hemp of WOOL OF sugar. of moases of strip Of
sugar and OF lead and reduce them at from thirty to
ten per cent? at time when all these interests
pecting such radical change in the policy OF the govern
men you cannot reasonably hope that the you
may adopt will be satisfactory those important interests
interest Of this land is be exempt from the
duction that falls all others7 Do those interested in
the manufacture OF iron demand desire to be exempted
ffom their fair share of the burdens imposed by
ment for its support Is there anything in that partcu
lar interest which throws around it the veil of sanciy
and preserves ii from the effects OF reduction OF duties,
that falls upon WOOL lead sugar and other grta. in Is
in country Is there any reason why particular
class of manu turers located within two three States,
shall have the benefit of exemption and shall
be relieved from the burdens which you from their
shoulders and place the shoulders of Others many OF
whom perhsp, less able to bear them2 And yet you
doing this you adopt the bill which has been report
ed by the majority of the Committee of Ways and Means
From what know Of the men engaged in the iron manu-
acture say without hesitation that they too just and
patriotic to make such demand.
Is there iron enough produced here for the various pur
poses of the railroads in the United Sates2 This ID pros
gressve age, and the railroad spirit has taken possession
Of the land demands for the execution of its plans far
more iron than be promptly supplied This demand is
increasing annually and will continue increase for
to come Do produce iron enough to supply all the
purposes for which the people Of this country require
The table of the importation, of iron TO which have
ferred proves that the quantity produced falls
short Of the demand; snd desire to know from my
colleague the Committee of Ways and Means why il is
he has not in his BILL applied iron the scale Of
reduction that be has applied to southern sugar?
Mr.. WASIIBURNE, OF Illinois. Aud let him also ex-
plain Why when iron is put down in the bill of the major
ty Of the committee at thirty per centum lead is put down
at ten per centnm
Mr.. LErCHER was just coming 10 that
| Mr.. CAMPBELL, of fennsy vsnia will not answer
the gentleman rom Virginia at this lime; do not wish
to his time; but pledge myself to do salts
| fac'orily when obtain the hoor
Mr.. LETCHER. l hope the gentleman ILL.,. had no
doubt the iron would pierce his sCul" if these any
attempt to remove reduce the dat that Penn.
syl Iva y , stapls; L as hsr .,.
the gente toth Virginia, though he has wrapped bis
head with wool for his argument has found there
an article at the South which requires PRO cction.
Mr.. LErCHER My bill impuses duty of Digit per
| cent. wool his imposes duty of ten per cent Now
if my head is wrapped with WOOL thsrs il just per
cent difference between the quantity mine and his
and 10 that extent he has the advantage of Laugh
ter.
II this bill Of the majority is intended TO cover the whole
ground II is designed ss measure for all the great in
erests of the nation If the object is TO do equal and
justice to all matter where located, matter what
their pursuits In life may be- why it that this blow is
aimed at the sugar Interest," The lead interest the copper in
terest, and the hemp INTEREST," Why is this fierce war
waged on these branches ct industry located in
the Vest the Northwest and the SouthwestY Why is i,
that iron alone exepted2 Does il not reau re some x
PLANTATION? Have the members of this House who
interested in the pr, ducon CT lead, hemp and sugar
right to know why this bias been done7 Has every in
terest in this land the right to know why it is that they
to be made TO bear government burdens and be de-
prived Ct government benfs and the manufacturers
wool and iron and the lovers brandy and wine be
vored at their expense?
My friends the other side now and then talk quite
handsomely at out "homc market" The best answer
can make to their arguments this point is to give Mr.
Giless idea OF home market because presents the sub
jec much furcbly and clearly than can possibly
do by any Language OF my own. He says
The power assumed by the government under OF
the term home market according to the writer's under
standing Of it, consists in restraining the from selling
whom he peases and from buying from whom he pleases
and thus substitutes for individual discretion
in the OF private property and thus home market in
its governmental essentially consists compelling the
Of private property to buy Of those only and to sell
to those only well to buy to sell the things only the
! government shall choose"
| And again, he says:
at wonderful contemplate the extent of the influence
of ncknames upon mankind 1t is wonderful to see how
great portion Of mankind content and delighted
with nick when the things described by them would
be repealed with disgust and ndgnation The nick
home market affords the most instructive illustration
correctness of this observation. Whilst the home
market ascinates the Of many unthnkng American ct
zens, the term continental system would strike the
with insult and indignation yet the terms home
ke and Continental system precisely the thing
both produce practical results The British term
restrictive system, although unfortunately, familiar
to the American ear and therefore less alarming
hcess founded upon hs despotc principles produces
the injurious effects, and in substance the
thing. In what did the odous French Continental
consist? In precisely the thing that the beloved Amer-
home market consists in refusing individuals the
right to sell TO whom they please, and to buy from whom
they please in restraining the French people from selling
| foreigners and buying from foreigners"
That Is the definition Of" home market" as given by Mr.
Giles; and, in my judgment, it is definition which is
highly expressive and strictly accurate.
We shall never have home market in this country
until things reach that state Of perfection which they
bova in nf
| many Yeas ago. An old woman had two remarkably
promising boys, who very much given TO trading
She said she verify believed (hey sharp and cute
alta Iade) that she could lock them up in without
cent of capital and they would make five dollars piece
of ea other swapping waistcoats Great laughter
trading to be done at home and foreign nations are cut
off from trade with us--when nothing is be brought
into the country that will purchase and nothing be
sent out to be sold by uswhen people prohibited
from selling to foreigners and of buying from Foreigners
is the in China and Japanthen perhaps this
much talked of and with many of our friends on the
other sde) anxously desired home market will be Sc
cured but until that time arrives home market will
exist only in name"
MssoURr-A despatch from St Louis, dated the 18th,
says:
"The house of representatives on Monday passed the
to $4,000.
The bank committee has agreed that eight banks with
three branches each and aggregate capital Of
000 shall be chartered at the present session OF the ega
Hre These banks to be authorized to issue three to
the amount of capital to be paid in and not ul
lowed to issue notes of less denomination than Eve dol
lars