New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-03-03


poy ENGAGED in Getting the Speeches Of Mr.. Gay,
down TO the end Of his hfe, TO be published sosr,
two volumes. nv A. S Bsrpes Co., making IN al .
work Of SIX volumes to be entt, ID " The Lfe, Csrrs-
,pcudence and Speeches OF Henry Clay To eseh
Of the speeches DR. Cotton prehIes an ntreduspcs Of
which the following is specimen:
ON THE AMERICAN SYSTEM.
In the Senate. February 2 j. and & les2
The resolution Of Mr. Clay .. January III, for 'he ~
6ucton OF duties imports being still under debsse
the Senate after having listened 10 al that h.d been
sAjd on The suhiec. in the Meantime NJ. Cisy cam
menced. on the "a OF February, lSS, wha' psy b
called his greet speech IN ce.nse Of me An@ieen
system when be continued for three SUCCESSIVE days
Corsid,rrg C state Of the sceuce OF Pubic Ee'nony
a. il then existed this 10 the most powerful ARK unen
thai had .yet ben made But u ~ not 200 much 70
cav tha. the science Of Pubic Ennomy has made =
o,, .. stage of advance since the date of this speech.
and that # Mr. Cisy bad then been IN oess,1n o. Ne
prog esit:sns which cctstituie this inlr venenS Ne
would have bevn sble 70 make his Argument, clear
and forcibls a. 10 far more ceS ard conciuave he
voud then have applied the theor ot the science u ~
present state 10 the fs.s which he 20 s,undaniy ID
duod 10 establish it. The propost ne are ~ fol-
lows: That long prefecture dHties are not pyeke-
,toys thy no, tar On eossnmes, oat ne. as's-
i,h prices and rktr ihs dHfsss proAbliovy oaiy
bt.duss domestic onr~ffts0s hes dres M ses fSzes
ca coasusRtrs but reduce prto' the Inst OF shese
rropos tors is the main aud perhaps the meat in
po,tant, though both are imSoTtaa' and based on Ne
The sdvaptsge o. science IT, thst it presents prcpo
stons In orm which lie controversy, where cen
troyersy NAV have existed Sir lssac Newton prop
oeitions tUucAiog the laws OF aviation have never
been col and never can BE-, because they av
strictly scientific Having sscort'ned the Ia " which
uniformly produce certain results he redaoed thoee
Laws 10 fo " which constitutes the science. Mr. Clay
dealt OF " with acts and his facts soundanty proved
the propositions OF the science soove stated; bot nei-
th.r he nor sny body ese had At that time reduced
tese propo iuons 20 FORM act up the theory which
they announce Mr. Clay was oven accustomed 70 i'd
NIT u AZ duties IN MI tax opnsuuers,
though be proved the contrary the following spoeh
will show le proved that he American System had
go duced the pTcts OF articles subject 10 d1ty and
enhanced the dUmsnd for the agricultural products OF
this country, 10 have relieved tee people fV~ %
immense burden, and put them forward IN an uosA-
smped can eer prosperity; bat he thought that
hs resu was osing entirely 10 toe truth Of TOO propo-
eli ions above stated a. parts Of science. Triumphant
be was in hs srgument by de statement OF his
facts yet, II be had been prepared To Icy down sheso
proportions first, he would have walked from tie field
on ground firm az that shich Sir Isaac Ne sIn rod
up, when he propounded hls thso'y of ersvitsiOn.
Assuming h,t Mr.. Clay - proved the truth Of hese
Iroyosltn Ne N bs speech " he Undoubtedly DA-f~
u. zee how trade opcr to produce this result Tho
moment when protective duts encourages tle Amer
ican producer ~ come into the field 4 conpcuuon
egsrt the forgn producer the tso parties are rvaa
In the same market, ana both vii sell to consumers ~
low az they can and make fair profit AS Mr.. Gay
has shown the prices reduced. The reason OF this
hes in the fact that while the foreign producer hsd VIC
his own price, with q profit often inOeasaly
great He can, therefore, Afford 10 reduce hs
prices and still make fair pi oft and jast 40 long
as b. eop,ipues 70 bng hi, pr QUOT 10 tue Ansr'can
market in competi ion with the Amer san producer,
it IS morhliy aid thar prIce- hsv" b rodnoed. IL
will BIZ seeD toeg fore, that the otsct,ge duty - st
only not q tsx L The ou positive osD&ht
81 him. ~ the anopn. OF the eidc ION Vt price,, The
theou therefore, 80 long 10 ain aud, thu poO'9cove
duiIs are talt, CONSUMERS, 10 exploded Dy lbess
pIOpOsit Ors snd q facts WHOM eea pllsh them And
vet "a Ia theory. ut cry fI.e permitted % ruh
In the forulatIp " & the ttglh Of 1876!
The frs DO Os,ilop OF TO soe0c. Of public eoonomy
on this poin es now s'sDds and stated above he
that prot. ctive duiar, when MT pohbory, are not
taxes on consumers bot pn~ Facts prove II,
and the explain nation Of the result 10 found Ia Me con-
siders;joDs which always govern trade. The trcisn
Pre- dncfr Will continue a. seDd bis wares 20 The Aneri
can msrbeS 40 hong az he can make pr,bt sDd not
only The protective duty, but the edacton Of prce b.
You'd that both come out o. the form profis Of me
foreign producer. 1he American consualvr not
taxed but geis The article al lover prios. This
4 Al peyab.e fosnh Of the Ia~s II tsoe
Fur her: when the foreign producer can no longer
afford to bring his ws1es to the American markell
reason of Mis- cVfnp+titiop, and e h's redncion "
pricss and ,hs protective duty beo tmes poo,ibty In
iis operation IL u still N favor o, the American sea-
suner He IL not taxed but bss.htted % lOag - NE
prohibition sises hom hons competition against tbs
foreign producer. Ii the duty be impo I'D expresy for
prohibition, IL msy DO tax on oonsumers, ADD PROBABLY
viii be go until dome.ic competition shall hsvo
rev uced prices to tie amount Of the duty hen
evidently the duty n no Tor ger tax.
II u enough. however, that protective dui'es wfnsn
are DOT prohibtory, ue 10. tAIos