New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-02-10

AY. FEBRUARY 10, 1866
the import alton OF goods from foreign countries or the
interests OF the great mass Of tho American people
Upon this subectof manufactures beg the indulgence
OF the senate for moment while consider and en-.
deavor ~ prove that the OF the manufacturing
end mechanical interests Of the country tends to an IN.
creased price OF the rgw material OF the people ana 10
lessen the price Of their mechanical and manufacturing
products In opposition TO the free trade idea that by
free trade you effect similar purposes IL Is wilh ny
recollection when the great crop OF TINS country us
great commodity In the hands OF foreign caPta'
sts when TO al ntents and purposes Zee ade oeeu'
pied the minds and attention Of the American peo-
PIE and they assened 10 IL being the most bene'
cia policy that they would have Congress carry into
etteet-it Is within my recollection that Tor long
time the product of cotton Melted to its producer ron
four and half to Sit cents pound; What was iae
IL in the hands Of the foreign capitalist CON
troled by him at the time Il was produced aud the re-
suit was, instead Of profit to the producer loss
What was the consequence The American manuiac'
turer poor, weak at that tme lad to come into the
market and sell his product upon four six, II, OF
sometimes ie or q months credit The producer OF
cotton at that time unable TO purchase Tor CASH Tor
the that bis crop brought nothing by which he
could purchase the necessary articles to enable LIN TO
produce 1t. BY and by the American manufacturer
gathered 9Th that at the ginning OF this war;
instead Of consuming but small portion of the cotton
crop Of this country he consumed quarter OF It, The
result was that cotton, instead OF being SIX cents a
pound. sold for eleven and twelve cents pound,
and instead OF the American manufacturer sell
ing 10 the producer Of cotton his goods on 2 L. or a
months credit he sold for four or six months credit
This was as plainly the result Of the manufacturing OF
cotton In this country as IL Is possible that human
knowledge can determine one thing to be the result OF
another. While l am the floor desire simply TO
put from the mind Of the Senate and the county tho
idea that there are only manufacturing interests IN This
country that have become profitable within the last
six months. We are told that the enormous dividends
growing out of the carrying on OF manufacturing bust
In this COUNTY, consequence OF high tariffs.
and Of exclusive and class legislation. The manufac
turers whenever the question is touched feel that the
present profits may not continue and they are reluctant
that any shall agitate the question. But sir do
not for the capitalist engaged in the manufacturing
Of this country. Capital Will seek its own investments
and find its own rewards. What desire TO promote Is
permanent industrial interest in our country. What
desire to promote Il profitable occupation for the peo
pie who are under the flag; ana by making every
industrial occupation profitable desire to bring
Under the folds of the nag nations Of the world who
are now under Government and flag less favorable
10 popular interests than our own. L believe that 4
'hn sooner destroy the influence of European aggtes
lions upon liberty and upon pro- erty IN popular
Government by drawing from them their people and
their SKILL and protecting II here than 10y any wnrlke
operations, however successfully they might be prose
cuted Sir stard upon that position advocate that
princip,e-peace with all the world with honor but
cupyng an aggressive standpoint TO draw nom all
nations that which Is good, skl IN oil departments OF
human Industry make 1t Tor their interest TO come here
and enjoy the benefits which free institutions give
his is in my opinion the genius Of the American
people One other point. Lord Chatham. while he
lived was, by those whom we have succeeded, deemed
- be the frend II the American people, the friend o
the then American colonies In open Parliament he
constantly warned the Government Of Great Britain
tlat the policy which was then being pursued would
continued deprive England 81 the principal Jewel ~
her crown. 10 did His warning had no elect But
sir while be thus advocating the Interests OF the
American colonies what did he siyf lie decaredthhi
America Manufactured much stocking or forged
hoh.ran be would be- tor putting the whole power Of
the British nation upon her While he advocated peace
with America on the one side he WIS Tor war win hei
she attempted t. be INDEPENDENT Of the indu'tihl
Interests Of Great Britain And sir. during the last
hours DC lived, 10 that same Parliament after the
nation BE loved well lad spent five hundred millions
~ cold 10 destroy the power OF the Colonies aud oing
them again INTO dependence upon Great BIii1'n' be
advocated Sin peace With tie Colonies. "Wibdfaw
vour armies said hei make terms With them 80 tha'
we may renew our Old relations. With them /. u tae
.auie ~ with u Tie laws Of Great Britain are slch
Ia ~ post vev prof hit the Americans nom mauui1e'
turing do.lifs worth; we viii do that business !or
them" And that policy has been continued Wherever
II could BE- INTRODUCED. Sir. II the policy OF iee trade Is
rslt for hs country Why not have IN its iu eufct
Look a. Canada. with hardly spinnlng'Wheel, W!th
hardly spindle with hardly baeAsmtn-'hop
0r a maelinc.shop. with hardly snything 70 oc'
crny her people Nhat do those people do
Whenever thefe is prosperity on tlis SIDE o.
tie lac as there almost nlways is, they nnd
rfysner0us and fcmunefaiye occupation here. Inc!
como hers a. enoy the results 81 the benefits which our
trst.'u'lou, give 30 Our people. Mr.. President TIE
~ 81 ~ the III which bnye bow brought 10 the atien
On a
whlch We & not produce In this country. IL ob'ge-
'ie consuu 20 pay higher price than be otherwise
would ~ liliies 81 any one article Tor Instance. may
DO imp y atd kept IN bond. small portion is put
there are tny domestic manuiHrtav-s ia not the
f,ovsfuuent as an lntOTscr. they must sell. lthty
r,rn1; hold their goods The price Of the foreign
article IL but little lower. The pice Of the domestic
article falls also until the domestic Manufacturer Is
Iric,n fr the market Thea there IL scarcity pro.
laced and soon the foreigner raises his price nnloads
and Goes on again This system ~ constantly repeated.
The working of the warehouse system Is this the Gov
eminent AID importer JOIN together 10 speculation
he ovcrrm advances FOR one year The amount Ci
The duties without Interests the Importer the cost %
n so.s aud The expense of their transportation 10 the
market tie Government gives one years credit, re-
eeiylnc nothing IN return. II the speculation
-, mo-, n-oatahle enough Ia close mp the bu,i
-. tbr partnership within one year then the Gov
,, gives Two years more; and II three years cepse
sre A. Luslress closed the Government has loaned
"a tho ifnuorter al three per cent per annum mat
ne bil What effect does this have IL specnlaes
mon the necessities Of tho people aud INC uoHeinmeb
facilities FOR that speculation. This IS all that
,rv speculaton ever does Men with means buy up all
ora giyca commodity and then compel the people Who
np,t or will have ii TO pay the price they demand Tie
Government does this without any chance ~ a prohi
l not the goods be held out Of the market X the cost
ar Great mart Of the cost is carried without interest
ar n with interest very uncomfortable nterest Such
A. he effect of this bill and II II Is So. no one can say
,hnt /, ought 10 pass II depriyes the Government Of
n nsr NJ upon every pound Of tea, coffee or West
uta uroduct nine times out OF ten. as The goods re
main In bond over the one year. II such Is the case II
n,,bt not 10 rass ASH said In tho beginning my oh
iect in moving the reconsideration Of this bill Is simply
70 d,sw the attention OF the proper committee Of
the senate 10 the importance OF tho measure, when
I Lol,eye was passed without due consideration. be
Iieye il will be far moro satisfactory 10 the people the
conntrv and far more satisfactory 10 the members of
~, saa,, 10 knoy that au important measure like this