Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1866-01-09
RICHMOND WHIG.
TUESDAY MORNING..........JAN. ., 1866.
Facts and Sugg geStionS Explanatory of the Charter
Or the American Industrial Agency.
BY DUFF GREEN.

or the American Industrial Agency.
BY DUFF GREEN.
Before proceeding To explain further the llscal ac
ton Ol the Agency, seems To lie proper 10 star
/ very briefly, lew facts explanatory Oi Tue Po'i'
/ cal, finance Al aud commercial measures anu po''S
! OF other nations having 4 direct bearing on TIE IL
nances anL commerce Oi the United States because
/ II will he seen that our measures and finances are
| and will necessarily, be Affected by, ana should
have reference to- the measures ana policy oi 'ho'e
| with whom we have COmmercai intercourse
Lest IN his national system of Political Economy
SAYS: By his cORttneHai system, Napoleon WISHED
| To organize coalition against Tine MaI'HHhe az"
! - cOmmerciG! pTcPOnaeraRce ~ fHS'a""' 10 sue
/ ceeL IN this he ought 10 have hrSt secured the
continental nations against the fear OF beng con-
| .' qurred by France. lie failed, because among
those nations the terror OF his continental prepon-
| "deauce far exceeded the disadvantages Oi Ehslsh
maritime SUPREMACY. With the a!l Oi the empire,
/ {. the great alliance ceased 10 have an object. 2
| " Since that time the continental powers
| e. have neither been threatened by revolutionary
= tendencies nor by the conquests o France. On the
- other hand the superiority If ERSidRd m maH"-
fattHreS shipping trade, colonies and RGrGL pOccr,
Increased immensely during the struggle against
| q" revolution and conquest. From that time 1t be-
came the interest O the continental POTerS to uR'te
" ruth France against that commercial and mart
! " time supremacy. Ihe commodities
"of the torrid zone being chiefly purchased with the
products of temperate climes, the consumption OF
the former depending the market for the latter
- and every manufacturing nation being interested,
consequently 10 open and prosecute It's own trade
" with tropical countries, If the MANUFACTURING Rd-
" ORS of the second rank should ascertain their own
interests and prosecute them earnestly the mOnOp-
oily ot the colonial or tropical trade would cease
| - to exist
After speaking of the British monopoly in India,
| he proceeds:
| wherever the decayng civilization of Asia be-
- gins to be touched by the fresh wind OF Europe,
II falls into dust and Europe will soon or late be
" under the necessity of taking all Asia under guar
- danship, as England has already done with the
! s East Indies. In all this pell-me Of territories
" and populations, there is not single nationality
| - worthy Ol being regenerated or capable Oi any
| =. prolonged duration. The complete dissolution OF
Asiatic nations seems, therefore, unavoidable; and
- the regeneration OF Asia seems possible only by
/ " means OF an infusion of European life, by the
gradual Introduction OF christianity, OF our man
ners our culture, by European emigration and the
| - guardianship of European governments.
- Rejecting on the course which this regeneration
NAV take, we are fayorably struck at once by the
" fact that the greatest part OF the East Is abun-
dainty supplied with natural wealth; that 1t Is Ca
pable of producing for the manufacturing nations
! {" Of Europe large quantities OF raw materials and
=. food especially commodities of the tOrid zones,
| e thus opening an immense market for the prOCu l.
| - Of then Bidag gtGctUrcS. EurOPcdH Hd-
- tons SAOuid therefore, begia by admitting the
d" principle that no one Of thca SAOud retGia any
|
" ASiG--thatH no one should be Jdcored TO the crcia-
- SiOR If others.
! An the continental powers have a common and
| - Neriul motive 10 prevent the two routes, the
Mediterranean by tie Red Sea,and that by the Per-
| sian Gull, from becoming the erctHSirc posses
SION Of England; Ur their remaining inaccessible
in the hands of Asatc barbariSm. IL IS o6rtOUS
that the solution altering the safest guarantees Ia
| Europe WOUh be W making AHStrid the SR0rdiG'i
| Of these HHpOrtGRt points.
Ihp Iuel OF "A ruHtfHcAtHl SgNtcn Will never lie
given up; the necessity of lis realization will be
the more felt by the continental nations as Eng
'' iaarN tldaSiry ccGtth Gad pOIrcr increase. Tins
Is evident ia our day and will become more 81 as
time PROGRESSES But It IS not Tess certain that HG
=. cOUtHeEtGt alliance caA be successful until France
'' shall be riH,Hg t0 GrOid NdpOteOR'S errors II
= may undoubtedly bc painful to the ERgi'SA,
| - greedy IF SUPremGcy 10 see the continental aG-
| " tons develop NJ 10y mutual commercial facilities
e. their RaR4fdrturtGg iEdHSirB Strengthening then
| '' merchant marine and their naval power, seeking
participation everywhere III the culture and colon
! e. iZltuu of barbarian and unCuitiyatcd countries
! d" cuiuying full commerce with the tOrrld zone, ana
thus rcap,ug their rightlul portion of the advan-
| tugcs which nature has bestowed on them
| - but glance at the tGtuTe may console them for
their Supposed iOSSeS and the good fortune u theT
| '' riudLS-tIc rcry same cdHSeS, Hdced, Ia icdicH
| '' EHglaRd OccS her present eterGtOH, triA RAISE
Aiaerird probably ia the Of the ReIt CeRtH-
'' ~, Ia Il degree IF 'adGStIy, treuth and POwer
=. ,rhich ,rH piaCe her as Far ADORE ERgiaad as
/ " ENGLAND 1N NOr giUC9 4iOtiUHd. 10y the force Ol
| events, the United States will, i'll the meanwhile,
! - have attained to Il population of hundred mil
lions; they will extend their population, their CON
StltulOn, their culture and their spirit over all
| =. Central and South America they have already
extended them over the border provinces Of McNI-
| cu. the Federal bnud will unit" all th">e "'rn:s'
countries population Ol several hundred mllllohH
uf souls will develop the power and resources Ot
| continent, the extent and the natural wealth oil
! which vastly exceed those OF Europe dRd me
mar Lme y0rcr 81 The reSterH Irorld Kill then er-
reet that If Greet Br5ia;R in the same proportion
s lis sea coast aud lis rivers SurpasS the sea coast
and the rivers of England in size and grandeur
At no very distant period then, the same neccs-
! sty which now urges the French aud the Germans
To establish Il CoHtiHeatGt alliance against British
SuyrcmGcy will make 1t necessary Tor the English
to organize EHrOpcGH coalition against the Sa-
jrcDiacy Of AmcricG Great ritian will then seek
and lind IN the control OF the united European
sOircrS her security against the PrePOnderdHce Gt
| AmcriCa and an indemnity for her lost SuPre-
! &" macy
England will act wisely if she GccuStOmS herself
in good time to the idea OF resignlng her supreme
ru and IT she secures, by timely concessions, the
. friendship of the EurOpeGR POIrCTS, among whom
she must soon be content to hold the place of first
! among equals.
have marked in italics parts Of these extracts be-
cause they show that the writer believed that Eng
lud was indebted to the productive power OF her
manufactures for her supremacy; that her profits ON
the products Of manufactures were chiefly derived
from her control her tropical colonies in Africa
and India; that the purpose was to form "conti-
mental alliance against British supremacy and then
| European coalition against american progress, and
that may call the attention OF the American reader
to the facts that LeStS principles OF political econo-
NV have been translated into French that it has be-
come Il text book for European Statesmen; that ul-
on II has been organized the German ZOllveren
that in accordance with his suggestions France has
occupied the communication between the Mediter-
ranean and the Red sea, and prottng by his uncles
experience, Louis Napoleon, manItestly seeks to
make France, instead Of Austria, the guardian ol
the continental alliance against British supremacy
and the chief agent Of the European coalition against
American progress. Thus, we see France uniting
with England to drive back Russia, and thus protect
their combined 'ascendancy' in India, aud ut the
same time prompting Germany to occupy and colo
uze Mexico, check To America. Why did
France unite with England in their wars in the Cri
mca and in China And why did France send Max
imian 10 MeXicOl Was il not that she might there
by participate in the trade of Africa, of India and O
ChIna and profit 10y an increased market for the con
sumption OF her surplus manufactures
How have England and France so increased thel
power of production TO create the necessity for
an Increased consumption OF their surplus
In 1860, England expended for raw
cotton. Sllo,OOO,VUO
Which she converted into goods
worth. Observation-Disclosures. 4OOUOO,OO
Tie difference between the value OF
the cotton and the goods was,., 80 OOO,OOl
Which, Us an annuity al q per cent,
would, in thirty-twO years, give 2oSi4 +OOOU
She Maid in wages. ...,......... 10 UOO UOl
he interest on the capital waS.... 4OOOO,Wt
h, profit ON spinning was....... 7OOOOOOO
The profit weaving &c. was. % OO0,Ut
The sum OF the interest and profits,
Is an annuity, compounded at
e per cent, would, in thirty-two
wears give ve................... llSl4 400 on
Of the 56SOOOOO spindleS in Europe and Amercs
in 1864, Great Britain had 3l,CUOOJO. How did sh,
nav for theml She had, through the agency OF hc
bank converted her public debt into capital, 50 thai
her debt was available To pure haSe property, pay
debts and construct machinery and It was eStlmaIet
in 1872 that the creative power OF Ler machinery
was then equal To the labor Of SIX hundred m!iion'
of men,, Ure tells that one little gnl can ten,
four hundred aud eighty Of her spndles, JcvoIvin2
at the rate from four To live thousand times pei
minute. IL is thus that England has lncre'Seu Iei
wya til and resources; and 1t Is thus that she ha'
created her commercial and political supremacy.
How has France, under the wise administration d
her present rulers, been enabled 10 compel England
10 divide with her the commerce of India aud Chi
na aud to surrender to her the control of Mexico =