Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-12-15
Aui0n aud 9ispHtfh.
SUNDAY. DECKmnEs. IA. iss7.
Largest Circulation in city and State.
Now TO DEvELOPE TEE WEALTH
or TENNESSEE
Arllarnrn ~.


Now TO DEvELOPE TIE WEALTH
or TENNESSEE.
fa HUMBER ".
IL was a remark of Thomas Jefferson
that manufactures are NOW as necessary to
our independence as our comfort ]" and
Alexander Hamilton has said "that The
independence and security of country are
materially connected with the prosperity Of
its manufactures"
If the matured uitersuces OF. these two
eminent statesmen are true, then it be-
hooves Us a. citizens of State rich 10
undevelopel resources, to devise ways and
means by which manufacturing capital
can be induced TO come to orr State.
The ear OF the capitalist cannot be
reached BY high sounding defamation on
our resources as n State. Capital cares
nothing about our fine-spun theories
about developing our resources. 1t speaks
10 AIS 10 the language of Wall street. and
the only question that ever attracts It's atten-
tion IL ihsperceat. Capital Is slow, cautious
and calculating; were IL not so, it would
soon be below par. We have not the capi~
tai in the State TO inaugurate 8 large sys-
tenn Of manufactures, but if we will rise up
10 the necessity of the great question now
before us il can be brought here. To
bring this capital into our State we must
offer greater inducements than are offered
elsewhere. We must give them such pro-
lection that their success viii be certain.
Will we do it2
We now propose TO discuss the question
of protection to manufactures. In order
TO thoroughly understand the history of
various projections given to commerce,
railroads, agriculture and manufactures, it
will be necessary TO take cursory glance
at she rise Of these branches of industry
themselves. The history Of English legis-
lation in protecting her manufacturing
interests is the very perfection of political
economy. Her theory is TO manufacture
for all motions and TeceiUe the manufactures Of
none" The wealth of England consists
mainly in her manufacturing capital.
From comparatively small nation one hun
dred years ago, she has spread her COM
merce on every sea, planted colonies in
every quarter of the globe, and the boast
Of one Of her ardent admirers has become
true: "that her morning drum-beat is
heard around the whole world" England
once stood to Flanders as we stand 10 Mas
sachusetts. England produced great guam
titles of wool and Flanders manufactured it
into goods; Flandersgrew rich and England
grew poorer. Edward III issued an edict
against the expectation of wool, and offered
a bonus for its manufacture at home. and
soon the skilled artisans, mechanics and
capital of Flanders went TO England and
laid the foundation of her manufacturing
establishments, which now surpass anything
of the kind in the world. English states
msnship has built a wall of protection
around every branch of industry in which
her citizens are engaged.
Nearly century ago a small hat manus
| factury was established in Massachusetts,
which excited the jealousy of Parliament
| and forthwith il threw an ample shield
around home industry, and the Parliament
during the reign of George the Second,
| prohibited the erection of furnaces in
| North America. Lord Broughan, the
last of the illustrious line of English states
manship, has said "By yielding to manu-.
Jdctalrcrs a reasoaabiC support an their tnfdRcg,
The government Sciil, at no distant period, ind
| them able 10 maintain themselves, and MAKE
ample returns 10 the nation for ats protecting
| kiRdRess"
| Alexander, the Emperor of Russia, tried
the experiment Of protection on the town
of Odessa. Odessa wassituated in barren
desert, where no sign of verdure relieved
| the bleak surface for miles around. In
Il "a DAnn - Law
ander resolved to make il blossom as the
rose" He offered bounties TO emigrants
and offered every protection TO industry
In 1912, under this system of protection, its
population was $4,000, and every part O
the surrounding country was like a vas
garden. 1t 1905 it exported {, 000,0 900 bush
els of wheat, and in 1877 it shipped to oul
1 port 10000 900 bushels Of wheat, the freight
of which amounted TO 81 $4,000 In 1915
one thousand five hundred vessels arrived
at that port, all engaged an the cOmmerct
established by the protection given by the
| Emperor. 60
in 1851 Portugal established WOODEN
manufactures on a large scale. The En-
peror prohibited the Importation of all for
eign wooden goods, and under this prOtec-
ton, in the short space Of four years, these
manufactures supplied all the WOODEN
] goods used in both Portugal and Brazil
For twenty years unexampled prosperity
crowned the manufacturing interests Of
Portugal In 1903 England sent a shrewd
sagacious diplomat TO that court. He pro
posed 10 allow port wines 10 enter British
ports at two-thirds Of the duty paid by
France, on condition that Portugal wOnld
let British wooden goods be brought into
her ports. As soon as this protection was
Withdrawn, English goods flooded the mar.
ket, and the decay and ultimate decline OF
wooden manufactures was visible, and to-
day they are entirely destroyed.
Protection 10 home industry has been
the leading feature in the legislation OF
! England, France, Russia, Prussia, and all
other governments which have attained
high position among the nations of earth
A noticeable instance OF protection, anC
one, too, which is very recent, occurred
during the war. The blockade Of oul
ports cut off the cotton supply from
England. We in the South had Ions
been deluding ourselves with the idea tha
Cotton was King" England, ever aliv,
TO the interests of her people, offered
premium Of seven cents per pound 10 cot
ion grown in her foreign colonies. Stimu
lated by this heavy bonus, a large amour
of capital was transferred to India an,
Egypt and devoted to the growth Of cotton
The English market was soon supplied will
cotton, and BY this means during the wa
they declared their independence Of tn
United States for cotton, and now only bu,
our cotton at such prices as will impover
7 4 Al. i Il ~
bonus given TO cotton growers, not apoun,
would have been shipped to the Englisl
market II is in this way that Englani
protects by heavy bounties her subject:
We propose tomorrow TO discuss the ques
ton of protection as applied TO the Unite,
States and the State Of Tennessee.