, 1865-06-30


As considerably more than half the steel,
imported in 1861, was entered at ~ per
ten, VIC cannot ftrly put the average import
dutY at over 5000 Ter Ton, leaving tut 90
margin between the taxes paid by the Amer
ienn manufacturer and the importer, 'instead
Of from 5000 to s57,5 as stated in your IT,
ble. II We Ind but one single tar 10 pay,
such rs your table con tatns, we should lave
an ample protection; put as 1t Is, the pFotee-
tion ID less than IL has bFen uuder revenue
former years, wh'le the price
years since. Tne render Of yout article
were the onlv ones that were deemed TO be
injurIously infected By the excise aud tariff ns
they now stand. This Is radical error.
Iron and steel, It is true, cannot be m1de as
cheaply in this country as they can IN Eng
land, where the average peicc Of labor is nut
Is impc1auve}y:requiredi In the United states,
is tariff 60 arranged as to lessen the im-
rorts Of foreign commodlties to q point
where our exports Of surplus products will
pay tle interest On our state, railroad md
nalior al stocks and bonds noT held abroad;
lay for what goods we import, and leave au-
nually fair share Of our gold product In
this country, for the use and benefit of the
people of the United States. This should be
the fixed policy OF the country. If any one
interest or the Whole interests OF any one
etate are 60 objectionable to all the others ss
to be an obstruction to such policy, that
Interest ehou!d be abandoned for the good Of
the whole. We can sacrafcc our iron aud
e'ecl manufactures aud bug those articles
wholly from Europe, provided we can cut OF
cur E,k and Toolt n imports as compensa-
ton: or we can abandon any cne Of the mau-
ufacturing interests for the benefit Of Eu-
/ rope. But We cann2t give. up 80
large a share Of the whole trnde as
we do without losing our specie; and as We
have ul.d The experiment OF exhaustlog ons
coin by large exports three times since my
recollection, and each time having been fol-
lowed by financial reyulsions ana extensive
bonkrurtcfee, and as we are rapidly progress
irg toward another period Of great pressure
and difficulty owing to the cxccss Of our In.
ports over our exports, it seems like willtul
blindness to travel oFex the same thoIpy path
aEa!n without an: Effort :1o Axert tAe Pros. Ps
| measure Of duties to be imposed upon foreign
| commodities should at all times be 70 hig gh as
to Keep our surplus exports equal In value to
| our In ports, sa11ng to this country sufficient
| coin to insure Htability ard fatety to our
banking institutions, md calculating medium,
Tic large class Of idle women and children,
80 numerous In American cities {of whom
| Cb1saeo has now 1900, when agriculture
| alnpe is onr chief enploymt nj, could then be.
c<me profitable aids In the accumulation oi
we1lth, instead Of being as they M" arc
! The farming community could then have
a steady and reliable home market Tue
competition that now exis1F, While all are
| driven to raialDg corn, wheat and potatoes,
would be largely lessened by inducing con-
siderable 1nolesy Of the present farming pop
! ulation to engage In manufacturing.
No class of people now living In the North.
| west would be more benefited By an e1sen.
| sire and general system Of manufacturing
tlan the land oWne1s and farmers. When
corn ie again sold (as 1t soon will be) ut u
ccnts per ouahel, wheat at Is cents, pork at
s. pcr hundred, and the market principally
| colfined to the New England manu- utactuEing
States, you will ask, with some emphasis,
where Gnu VIC get q market for Dnr Ovaf-
wtelm!nc agricultural products? The reply
Will be Take urc-thtrd Of your population
fiom agriculture; make them consumers at
wcolen clothes, wors'ed, iron, steel md
other goods. Use your boundless coal tieldt
| as freely as you do your corn lands, and the
xhcle difficulty will be solved, md the answer
| ptytn. The nciehborhood OF IaSant
alone can turnish 5. .00Q, 600 tons Of coal PEI
eupum for SIX hundred and fifty years. DOM
1p]y that you lack capital. You hare enough
TO- begin With Oh small scale, and those whe
ihus 6t rim are usually the most successful
The few wooden manufactures that hare
been started in Michigan, u1in3is, Mime
sofa ard Wisconsin have been emInently sue
c. eEiul. Encourage your people TO go ol
With The good work, aId at tae sam sams I'm sSo
ard cheap capital cf Europe to undermine
tho6e who ME paying good wages to the la
bere1s Of America. Let them enjoy higne
ard better civilization than those Of Europe
It Ia not good policy, nor is 1t Just to our Owl
people, 10 insist that our Industrious classes
Uh N AFA E77 ii