Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-01-04

were ruined. Gen. Jackson asked
"Where has the American farmer q
market for his surplus produce ~ And
be was obliged 10 answer: Except fol
cotton he has neither foreign nor home
market. Draw from agriculture the SUI
perabundant labor and employ It in me.
chanism and manufacture. In short,
we have been too long subject 10 the
policy Of British merchants. It Is time
we became a little more A-mericanizedi
and instead Of feeding the paupers and
labOrers OF Europe, feed our own"
Things grew so bad that In eighteen
hundred and twenty-eight We adopted q
National Free Trade system. Immedi-
ately life and activity began. The mill;
and mines commenced. The reveuut
grew so rapidly that tea, coffeeand many
articles were exempt from duty, and thu
public debt was extinguished. The pros.
perity was universal, unsurpassed in the
world. Had We continued there had
been no war, the slaves would have been
freed and the south richer than ever.
But by degrees, between eighteen hun
dred and thirty-four and eighteen
hundred and forty-twO, the tariff wa
| repealed. The mills were again closed.
furnaces again stopped, land fallen {
half its price, Sheriff at work, States re
pudiating their debts, Treasury unable
to borrow ct home or abroad, and bank
rupt laws passed In Congress. Again, II
eighteen hundred and forty-two, the
national system was tried, and in les;
than five years the productions OF iroI
were from two hundred and twenty
thousand to eight hundred Thousand
tons; prosperity was universal, pubic
aud private revenues greater than ever
Once more, in eighteen hundred ano
fOrtv-six, the British Free Traders
policy repealed the tariff, and not
w~ithstanding the discovery Of gole
in California, money was as high a
ever. British iron and cloth came IN
and gold went out. In eighteen hundred
and ifty-seven the elimination Wa
reached in a crisis OF ruin, and th'
treasury was nearly bankrupt. In tht
three years following immigration Eel
below the point Of twenty years before
and exports fell OF to mere nothing
Why was this2 Because tke British
policy is 10 enslave every community
that does not resist it. Therefore, the re-
suits of the two systems are as follows
National system, as seen in eighteen
hundred and ten. eighteen hundred ano
overweight, eighteen hundred udfoTty'
two and eighteen hundred and siXty-ont
labor well paid, money plenty, imml-
grafton great, prosperity and indepen'
.lance rapid and great. British monopoly
system, as in eighteen hundred and
seventeen, eighteen hundred and thirty
four, eighteen hundred and forty
six and eighteen hundred and fifty
seven-la5or i'll paid, money scarce
immigration declining, bankruptcy
imminent and national depend
ence. the trader ought 10 see that the
more active the capital, the greater the
variety Of pursuits, the greater must bt
the quantity Of things 70 be exchanged,
The merchant should see hat the more
we finish our products, the more the con
sumption andthe more markets for them
The ship owner may see in it q greater
immigration, a lower rate Of interest e
enable him to compete with foreign
ships, the greater the exports n i'm
ports of food and raw material. The rail
road man can not but see more men anC
things 70 be transported, more mineral:
needed, cheaper iron rails. The IanC
owner can see land increase in value
The farmer can see greater home con
sumption. The banker increased sta
bility in finance. The sOndhOlder greater
security. The statesman greater indie
pendence OF foreign nations. These
views differ from the English school who
teach that "the smuyeler is the great re-
former Of the age" The only answer
that they have to the condition of the
Irish and Russian p~easantry is something
on the low price Of hats and steel pens
The nearest approach 70 serfdOm l know
orin civilized life, IS where men are en-
gagged in manufacturing products which
have vet 10 pass through several hand;
before reaching the consumer.
I hope the day may soon come when
this question viii be understood in its
true light. The real free traders art
those who advocate the national free
trade system the other system IS foreign
monopoly. The nation must come tC
learn that cotton and corn unc0n-
sumed among Us are 70 a certain
extent petrided capital. Such are
our resources, infinite in extent.
The work Of development has just begun.
Let Us 80 continue and the annual addi-
ton to our capital will be fifty fold
greater than the interest required regu-
larry at the National Treasury. Remem-
Der commercial power and greatness
have always gone hand in hand with
variety and completeness Of pUrsuits. Till
we thoroughly learn this lesson, and not
till then, snail We be enabled % control
and direct the commerce Of the world.