, 1860-08-11
The Prudential Election In Its Inhu.
ence ou Industry and National FL


The Prudential ELECTION In liz 10Hue
ence ou Industry and National FL
From tbs C!ne!nua,l aazet-.l
Ths men Of business, md especially mer.
chants, manufacturers and mechanics, should
not forget that while the Iresi. ential election
is mainly ditcnssed in its relations to the ex-
tension Of slavery, there is beyond this ques- r.
tion Of tremendous magnitude In regard to their
interests. The policy OF the Democratic party
ia the Administrations Of Pierce aud buchanan
has lin spite Of the general prosperity Of COM
merce) greaily retarded manufactures, de-
pressed some Of the great industrial interests,
and made forty millions Of new debt for tha
aod bad become worse1 Shall American in
dustry. employed in its workshops, factosies
and mines, ianguish aud suffer, simply that tbs
cotton trade may grow, and negroes aud slAve'
~ be increased These things are all inti-
1nately connected together. They are iusepa.
rable: From the moment that Southern plan-
tera found the pr.ce Of cotton rising 6y tte
European demand, they set to work to destroy
The tariff. Why! In order that Europe might
be able 10 pay for cotton By the product ct it,
own factories and workshops.
This was The doctrine al Calhoun, McDutte,
and the whole school Of Free-traders. whether
in South Carolina or New York, who cared
nothing shout fres trade per se, (which is Of
best triuiug tetion,) but who we're greatly
concerned to increase the freight of ships and
the price Of cotton. With the MD which such
denagogues As Douglas could afford. and lie
influence Of the navigating in.eEest, the cotton
planters succeeded, IN 1B4i, in striking on all
specific duties and runniEg horizontal 1ines
through the Tariff. That this should procuee
IN increase Of foreign trade and importat1ons
WIGS obvious, and accordingly our foreign COM
merce swelfed cnormoua'y- Cotton WAS grown
wherever negro hand could be !oundy the
merchants OF New York built thousands OF
-, an1 ,1fnIi iy.t tho nf
trade. The cotton brokers Of New York and the
cotton planters If the Suull bousted Of the mil.
Lions Of bales Of cotton. a literary work of
some plausibility proclaimed Cuttou as kiux;
and now, as we hare quoted, one os the leading
journals Of New York {the Utra1d) proclaln's
than the Constitution. The last point is now
reached. The Tariff Of 1876 has done its work
The production Of cotton has been carried to
IN extent beyond which it cunnot 90 without
more negroes. What next? The cry conts
from the planters, "ReoFen the African siaEe
tr2de.'' De BOWS R:riew has long BEEN filed
With articles III favor Of the African biave trade
and the conquest al moro territory from Cuba
to Mexico, to: the benefit of efaveholdin8 AID
cotton planting. To mike slave States out of
free Territories-to Te.open the African slave
trade-.o destroy The Tariff, and with II the ia-
dustry involved in factories md workshops,
wers the great objects which the Southern parry
have always had IN view, ard which lay behind
the troubles aud difficulties OF the Democratic
party at Charleston. Tbs extension If
slavery was the ostensible object; but ef
what use are more negroes without more
cotton trade! The thing is well understood By
Southern statesmen, and the great question Of
dtrtrEiag q tho natsana! sndustry J,om Northern
chdhaeft IL the vital question which underlles
the Whole. Il has destroyed tie Uemocra'ie
party, and now rusiles forward to force o cun
quest Of the nation, by the help Of the iuct1ons
into which it has been brtken. The cottac-
planting, negro Interest is united and it will
bc helped in the great Atl.ut:c cities by the iu,
porter, The br0ke1s, the slave trRde1a, ihe tor-
eiyn agents, mud all the dependents upon foreign
trade. i hes. (aith few weak, deluded NOR
tails, who are afraid tue Union will break, make
up what tie New York Ntrd!d calls ''coase-sa-
tires" anl who are c4slsd upon to defeat the
Republican party! Whyr The Republican
party will not disturb aDybod,'a negro. The
Republican party will NOT break the Uuon.
| The Republican party will not oppo.e the e1.
tension Of tle country. Why defeat the Repub-
lican party ut all, when i. stands fortb, ut this
moment the only National party tile only one
capable of doing the least practical good? Why
defeat tAd:, when I'LL others are but factions?
1htuK which concerns tie real interest Of the
country. We must look behind, ct the cotton
bale and the negro, before we understand it.
1t is the "snateri15 inttrttt" Of the S5uth which
lies behind this 1noselpent. The whole policy
Of this Go:ernrlent, since 1si:, has been
to aid that material interest aad depre.s
the s:aples, ste manufactures, and the
interests Of The North. Shall this policy con-
tinue? If the Republican party comes into
power, tbs policy mil BE ehanged. J..t ~ man
be deceived. If the Republican psr!y prevail,
the .ohcls Fo,icy Of this country, IN resArd to
slavery, cotton and manufactures, .ciN be rh7ng-
td. We do not saT this stren, any Warrant draw d
r. <,rr$o bet
uuqnestiouable luct that such is the Hpirit,
tcnur and intention Of the Republican parry it.
sc!t. We ilave sCea exhibited a psLllgacy of
administration which has had 60 exalnple in
this country, aid VIC have seen that it was the
direct consequence Of the policy Of the Demo-
cratic purity. We have seen industry neglected,
and the planting interest cp1g cared for by the
Government. No reform can be accomplished
but by pcxitive and total change in MEASURES.
lu regard 10 the influence o. the tar!N Of 1916,
it has been sseIdIy adverse to seu1e of,he great
e.: industrial intcrcsss--of both manufactures
:ul agriculture. Let Us loox 4 moment at some
dry figures, which will illustrate the operation
ttth:t measure. FIRST. the inpor:ations Of ,l;f-
fer:nt periods we're as follows:
iSsi...... ri 81, d,
In twelve }ears OILY, tho foreign imports tre-
bled, but the population OF the country has on
II Increased ~ PER cent. The rate Of Increase
in Tie imnort OF foreign goods Was tv.fold u
gFeas as that Of population. In other words
the ,mporta:iors bad far exceeded the NATURAL
and necessary demand. lInw was This to be
metz There is net All Intelligent man ia the
country who does no: know and feel, that but
for The proridenlial discovery of California
gold, just as tn. tariff Of 1915 was passed, the
whole COMMERCIAL part Of tie country would
lave been bankrupt. The shock Of 1897 was
small tn what would huye been that OF 1s51, it
the gold m1ues h1d not been discovered As lit
was, two commercial shocks actually lid tol
low, and pretty severe ones-in ls54 md 1851.
Much OF tha. has been charged upon railroads.
| In point Of fact railroads lad nothing to do
/ with it except in the importation OF foreign
iron-a thing which never could have been
| done under we'll regulated tariff. uasing
aeen the imports suddenly increased two hun
drcd millions under the tariff Of 1876, let us
see VI hat there WAS imported which affected
| American industry.
We sutjoin a comparison Of The articles i'm
porsesl from Europe, interfering with American
manufactures: