, 1866-01-24

otpecpk q. vfst M oes;oo1;s q ta1I<o7ssufs
Ing n he f9torhe, vM nas ny b lkto1a on. of
smpieyneut left 10 ssarse, Or conpa1dd to fesoff
m sp'te 'te'1a1tals Or other ahes[ o1sroWasd poE
sesy cd VIZ s 1f o19es
GuE NJ re eompNtation of the l1bc4fnR e1ksest To
s1s 0ot eson viii rpIy, th.t n tIs Country the.o
mye nst tSIsaa III aaan oscapstloos o1eseIowded; We
HI X 20 e'eop The resources Of The country.
aoubt;ess " ,houeh, s5t t5t,s 7t ~ rildeIness.
IA. I'd ssi. sss:F :atssay ;a@say
ss,s w npG1 3n9sr sns 70 hsTC ven tasiz nun
ni ffodreaoss II he eona,n os; ns u ssr.eal.
ratso unparalleled 7 the aunals Of hisssy TAI p
hundred ears AGO, md it Is m rnaenishle ~ = Sae
notwithstanding The wonderful Ins7esse IN ~. ~
quantity Of se1tcnltu7l productions, they com.
to predict list tie De1t 100 Iears vii x1,neas ~
g1eai an tncfeaee in the number Of Ea.ne,1 ami ,hs
quantity Of sgrfcuitural PRODUCTS as tho past, md
4 he end Of thst tn1e ihe farmers xf1 be receiving
day lbelteye the country has nothing 10 fear non,
too rapid en fncreafe the number OF its sg1icnl
turists- History viii bear me ont in the assertion,
that the p: oeress oI The county, tum its tounds-
ton 10 the present time, haa bees measured BY the
Development OF ls agricultural resources; as firm
after iaIn WIS opeCeu, snd prairie md woodland
Sas aasancsd steadily and safey sssealturs III Uo nse
been he broad base upon which We hase grounded
al our pros sesB and Tho Rouree nom which We have
drawn al our strength: energy and cnterprae and,
they teach rs 10 rcCard The opening Of thousands o
new hEms u anythiue bnt a natural e.lamity So
much fer dangers Of overrrowdtng ihe profession
duc{ion Of the ta1tt should dive Ill those now en-
gnged in manufactures Into agr7cutusal oursults
Snrpcse. however, that the very rercr.e WIS
Woud voc s not sion I q M mers Ws.s 1en
manufacturers q. tue East 80 per gnt bounty On
az thet productions. over I'd e aboEs The q PEI
this % per cent amounts TO ono thousand and Gtty
millions Per annum. Now the number Of persons
employed IN The factoriea Of this country in 1sD,
large proportion, was 1312.a .as6 persons Now. with
this one horsand md any mflious OF gratnitous
bounty; which the people pay The manufacturers
poTt ii the.e pesaa u dsuess ns9 a spea
fl0 per week Tor each pe11on, which Is almost
double their average earnings In 1850, and tase In
The Transaction xs57, ,0GQ. ecu more than they saye
noE-a sum qultc sufficient to pay all the expenses
pt the Eos eEnment without nslher ta1auon so
that admiiti the very Mors1 result which Tho pro-
teettoni't: claim, we shoua have sfatc Of atairs
view, to the state Of adairs va have under the e1.
Bit sm iar from admitting that the nightmare
deed believe thatr instead Of depressn. cur nanu-
factures, reyenue lartn, 1efnnding to the manu-
factureF Ill tho aKes which he psYs directly OF n1
recsy TO lie Federal or St1te and municipal GOV.
elnments- md projecting the people nom their RI
pacity, WonEd tend to an 1nc1rate0 development Of
American manaf2e.1res. The came objection vas
urged In England whentt Wzs pruposed 10 fuaucur-
ale free trade theirs, sud to reduce the tariff to
point which would subject the English m4nnhctu-
Is1s TO iair ana hsaithJ competition With The
with the psotcsts and appeals Of her manutactu-
te1s. The country .woald b inuudated With
ths cheap rns1I.a a1aacsu1ss 81 France Nd
pfo.pe,y q ,ho n.tion eopssa.ed. WI Wias,peaS i
nun, Involving al interests and casses, aod diro
lust As they are here Bat all 10 TO purpose; FOR,
carried ont IT present prosperity aud greatness
lish manufacturer, tic same a. oure. - long a. hc
about improvements and, conscious that the peo-
Ps HSoid % hs ea%5psse TO buy his good.
with wsateful and inferloz modes OF manufacture,
and With the inelegant and inferior quality OF hts
productions. Deprived OF This unfair protection,
and forced to depend upon the ezec1ence and
sheapness ot hi. productions, to monopoltze even
homu markets, Abe English manufacturers uera not
s9M In .n sdSgs as .,sst IN ma
hav1ug In new both economy in production and The
quality OF their prodne1s; md The English milton
.spidly rose 10 the portion Of the nrst sniactur
lrR and commercial uAflon IN The world.
Competition Is the life OF trade the soul OF enter
prt-e everywhere, awakening al the energies and
aeutles OF Ind ivduo1s md malone. and sIimu u!At
which there can be no Substantial progress. am
not willing 70 admit that the American nauou ID
Interior to other nations, and thar when brought
my brunch Of Industry, viii come ont second,best
in the contest On the contrary, hare an abiding
ni1h ihat Yankee plHck, eptr7t, ingenuity and en-
eEIEl-e, will aecu1e victory in any contest in
\ hlch we may engage.
Past experience seems 10 justify thl. belief rIpce
1nder the low tzfds before the wat. ou1 nanuisc-
o by he ta;a ThisS
compel. the people 10 buy ,hees conmodltiea
II almost aDy pE1ce which they may please 10 pRco
apon 7 hen, T. they CT nothing aboat Improvements
Killing IN the quality Of thcir goods. and rery little
snout economical ulndee Of pFoductIon. A healthy
:oEpeuuou, which would b. eacoHrsacd by IN
equitable fari1, would force these mAtters upon
heir attention. and, doubtless. In few years they
: ou!d manufacture goods elra! In quality TO The
oest Of productions Of Engiand. and would in
prove thttr machinery 10 4 point which would en-
lb'e them 10 pfoduco them quite rs chcap1., and
\ enid not only he able to monopo1ize American
MAJ sets, but %ould shortly prove succest tful COM
Re,1ion s H1th Ensland IN nearly al tho markets Of
But will not this competition spring up among
ou1 OWL manufacturer! VIII not more Gaolta1 be
competition will correct al the kvfl. Of which ua
complain, md stimulate our mauufaclurefs to a
Etsai e3e.ta4n a: competition Eith foreign manu-
he lapse Of time; but the process would b 1 te-
dlcIs one, dragging lis Flow length alon. through
iore Term Of years, during whc6 the people wauld
ssnd We Sou Il ed &c p:aeeon '1sa pse;
nssn p s's Ss & to sses
o1Icct III: syl and create healthy and invigorat
e competition; md II Mas only when her tar,d |
u. :. uL:eu 10 tu.h poiut rs brought her manu-
aei uIelF tnto eoDpetuon w1ih foreiyncss hat Eug
lsh eapts1 was realty enlisted in the Development
X eer manufacturing intcre Il. In America We |
ave less available capital for this purpose than in
1uuld neeessat1ly be mnch alower. The capital Of
nif country il not concentrated In tho hands |
y few Intn- but ID more equally and generally
ny other country m the world we have but .
ew really wealthy men, bat Iarpe number oF ner-
ons womb EMAIL capital These men Of small
ht1r OWL. large portion OF them are engaged in
pursuits, md II IL ndeniable hat The
srdlnk Of tne pspd1ce OF thi1 country t.anepoEt-
IEu1bu,ion OF it md general msrchanti1e 10 10 he M
seaae ,or an enple,nsae most Of pFsa,'s1s ssps
mple employment for their small e1pitai, IN sup.
lying the necesndes which sprung from our d. /
er>idcd md active tndnstrJ. othe1, again, are
ithtr IN ths shape Of hnds Or improvements. I'D,
dement's, or farm products. Prndenca dlctate.
hs1 capital be employed In branches of Industry
nh :ilh which he owner is 1amila1, and people eta-
manner that thcJ can ret,n he role
nd absolute control OF It themselves, |
na aa s.ss sens;1i tn,nE en7 .esep. partnsEs n
'errha1ts. mechanics md farmers, 80 long a. theT
N pToat.h,y employ the examinations Of theft
,pi' In. .ns 9nstness tn which they engaged,
hen tbcE captIl accumul1tas to m extent thss
nc in,e.'ne2t VII tho dets,1s and nsa.Re. asss
) aws,e of The profitable nasasp Of M m3uu1se. @
!ring tnvsstpents, but they are not attiact-
By them. because they are Ignorant OF The
ths eco1eu, U m rsnsns snfoea
that aEtscle. and becanse they realize hat upu-
Z ofpenon< must combine their surplus csuital.
order TO susaec in this business, and they arr
u retain their individual control oft Tic tsnd
increasing In valuc around them, md The most
!etanle Investment With them Is The purchase Of
eae : lanas; or r. IendlDS their money to some
some active busfness,, where they csn fansty
tmsescs Of the rate Of The return, md The sa(etY
thc loan Its moi. therefore. from the small &C.
I'fnVestmcnf IN manufactures will be obtaipcI.
Men Of liberal means uanal1y prefer to lend tnefr
oney a good rale Of interest, which la alwsys !
thc towns nnd cities where they rsside. or II I'll
late Investments, because they are qualided bY I
81. , :. eaPencnee y; to manage 1nese Investments:
nTett their csplthl In manufactures, buk neyer :
til the manufacturing interests are placed upon
e1satn and reliable haals and 1t Is notorious that
policy Of projection p1nces the manufacturing | :
that The arguments by which protection L. sought
be justified, tend to nisiead the public mind :
s.D1s ihss oFanca oi 9 r. md 70 'soul
GaE1uH IN II. 1be capitalist kQQNf 1hIt unier |