The Indianapolis daily herald. [volume] (Indianapolis, Ind.) 1865-1868, 1865-12-05
The Tarifs--How Can we BuiId mp
western MANN acture..

The Tartft--Hew Can we Build mp
western uanu factures.
One grea: interest Of the West = that manu-
features should 70 built up within her bor-
ders. Manufactures can not be put tn opera
ton, 70 any great extent, without capital. An
important question for u. then, 4. how shall
the West Increase is eapitalY And we are pre-
pared 10 answer this question, at once: Vest
eTn capital - % Be Increased ~ caring. Keep
ting at home, the products other o,sH Industry.
She VIII accomplish IL in no other way: and
her growth in capital, and a. aconsequence. in
MANUFACTURES, Will be slew or rapid. lust In
proportion As she retains the proceeds Of her
industry at home, OF suffers herself to be rob-
bed Of them by Eastern capitalists OF this
fact, tSere can be no doubt. Another PROPOSE
ton Il equally clear 70 Us; and that i. that
the West can not retain TIE proceeds Of her
Industry at home, can not 1rote rapidly in
capital, WhRs she sHbmifs T. protective
tarlg.
We VIII illustrate in this way, 30 that every
one may understand H.
Other countries stand ready TO furnish Us
with the articles we wish O. buy from abroad,
At ten per cent. less, on the average, than we
now pay, and take olr surplus produce at ten
per cent. higher than we now receive.
New England, which, 10 US, Is worse than
foreign nation, IL now having this trade with
"a, and uses the protective tariff 70 prevent ~
from dealing with other nations, and forcing
Us TO give her our trade upon her own terms,
whereby va are compelled TO let her have all
our profits.
Now. Indiana, we viii assume in the absence
Of the figures, purchases fifty millions. We
understand that several Of our wholesale
houses sell 70 the amount Of one million
q year. We must be safe, therefore, I'm
our estimate Of fifty millions. Ten per
cent on MY millions Is i've millions Of dol
lars. Taking our export articles, also, at only
ffty millions, ten per cent ON that sum Is five
millions of dollars more. This makes ten
millions Of dollars. This amount Indiana is
robbed Of every year By the New England
manufacturers. They are enabled to do this
BY means Of the tariff, which excludes others
who wish 20 trade with US. Now, If the
tariff was out Of the way, our people would
annually save this Sl0,OO0,0oO year, which
we could invest In manufacturing establish
ments, and could thus become rich and indie
pendent. You ask. could we Manufacture
against Englandy We answer. we can; but
zee cdERot manufacture against Neto Eng
land, with the advantage Of a protective tariff,
because she will not let Us; nor will she per-
NIT us to accumulate capital by having the
advantage ofjust prices. While the tariff con-
tnues, and other countries are prohibited
from trading with W, why, II we. in the West
attempt 10 start manufactures, New England,
with her overgrswn capital, and millions Of
Reserve funds, a. soon our mills commence
operations, will drop prices, pour in her goods
ON long credit, glut the market, and about six
months uses up our feeble establishments. They
stop, afraid Of course, 10 resume again, against
such Overgrown corporations, who can thus
put up or down prices at pleasure. and make
them fluctuate as the money kings do the price
ofgold. Young manufacturing establishments
want stable prices, so that they can make cal
culations ahead, and rely on them. But DO
away with the tariff; let old England France
and Germany become competitors Of New Eng
land; that makes prices stable. prevents the
huctuating operations Of New England and.
by giving Us the advantage Of high prices for
our produce, enables us 10 sustain our home
manufactures with capital, and places New
England more nearly ON an equality, by fore
Ing her TO pay US good prices for our produce.
That we can sustain ourselves against foreign
countries, these considerations show
l. BY free migration Of labor the price Of 1t is
becoming more nearly equal in all countries
II wages are put down low in Europe the
laborers will leave end come To this country
till a demand will be created in Europe, caus-
ing wages To rise there.
,. England has q come here, buy her raw
material, especially cotton, ship it TO Europe
and transport ii TO the factories, work ii up,
transport IL 10 the seabOard, ship II TO this
country, pay small revenue duty, and trans
port il out here, thousand miles. by rail
She has 10 pay all these expenses, and lie 0ut
Of her capital all this ,chHe, and, at the
same time, probably, ship produce from here
10 feed her hands while they are working up
our cotton.
While we, now that the war Is over, can
bring cotton, in less than a week, from the
field TO our factories, distribute it TO cuatom-
ers at our doors as fast rs manufactured, and
take the food for our operatives from the farm
ers' wagons at our houses.
The Vest caa RereT manufacture against
Nelc England, til she gets rid IF aprot ect ire
farlf.