New-York tribune., 1867-05-23
DsoTrcTJon no AMERICAN IND USTRY


.,,r AMERICAN INDUSTRIAL LEAGUE-ADofloH w
g, CONSTITUTION AND ELECTION OF OFFiOh"0'
An adjourned meeting of the friends OF American
-, aoouc whom were AessTs. Peter Coope,, Henry
C,Renv Iorenzo Sherwood, s. A. Pearee, Ibomae
walsh Joseph b. Simpson, william Olsnd BonIne' I'm
wmlams J. X. Hawez, C. A. nowbrdge' stelhon "aiu
,seu. Thomas G.. A,yOrd, Chauncey g. saplp' hoiS'o ~
.lreeley Joseph b simpson BENJAMIN bann"n ~
distinguished champions Of Protection, hon Wv Wv -.
states and Territories of the Union, was hoIN e' "C
uouss Yesterday The objects Of the lnootInt
1crmaOn the Aynercan IndustIaI, yestofdyare
1he title which tre delegates au0f''N
~"0"n IA inc .1TSEss iSliS OF MR. PETER COOPER
hioh vxasr read nv bim on taking the char o Confer
rS ontcsnaH is On adjourned meeting OF ht ro
enee Oa was called 20 e1Sechcs and mercantile il
teTssts Of car common country ~ IL W b Confcrepce 70
shSt oyf plan designed to unite all these INDUS
a interests d N seadh Of our country those facts and
n,res no which wiz enable all interested 70 lnote wisely
aGce anu The highest welfare Of the nation when the
farmers Of the country realize the iscI tnai !. i 49,
INC town on factory that viii consume all the surplus
products is actually worth double the amount % ian
ST Sns tS he expended to nd market the farmers w be
the warmest advocates Of pohcy tha5 VII n1 UnnD
aac6 other It's Of the greatest Importance however,
that every American should know ana m toD
fact that nations grow in wealth and power IN t
as they condense their materials 10y inaasoy h,0
fher own and other countries II easy 10 see how En
gland is drawing the hfeblOod OF other hauois ihtO %
millioRs of men. This tremendous power otlneehah-
cal wealth England is now exehang ng through onea
other countries The secret Of England enormous weh
s an of FnSland amounted in 1857 to sGOOOOcOO of
tured goods, with only very shaI pIoo h
OF raw materials Our exports during the same pe13a
were sass eco with only sSO0OOOO0 Of this amount III
manufactured articles. Here, then we have tTo system
diametrcally opposed TO each b0tiei hs.ahu in
in is57 100000 and nearly all of TINS vast amount ID
& articles & 1 @T"G m m S msafsetnTed artIces
England by her rmanuacturng Pohcy be1Ier 6os we
than She was TO pay the interest on the debt Whch se
had created l9 years ar Arc n sSee is
In her country and in other parts OF the woro m
her enormous wealth and power by complete system
protection for every article that gave eIoy ~
such an amount Of capital and skill as to fear no eonpe
nyncnt oowed omr currency TO be efectuay debased
by permitting local banks to utter pictures eaeu
poured almost any amount Of alloy into the god ana sl
Of the country by this PSy We nave M haSe sS eSd
the world sell everything; and at the same time we
make everything with us too dear TO sell in return with
,rodt orr Government is now compelled to maintain .
high tariff with large internal taxes TO protect rs oM
interest and honor The only possible way 70 ehpie te
peope TO pay the vast amount Of taxes required TO meet
the wants of the Government Will be TO naintan peCs
that will keep alive and active al the Iae9
country. To encourage the industry OI te LeoPd
in the most effeetual manner our GOVeTnment shosu
collect its taxes the fewest number Of articles as the
way to lessen the expense OF collecting anu mus
Trade between and England OccasOned such dread
ful disasters industry that had grown up under e
nedy i'm tbe nrohihtve system under the shield
UfactnrI industry of France doubled between 1915 and
u well for MS TO remember u as an
political economy that nations must De poor ana weak
proportion they rely on the export OF the raw ma
terals Of their country OF this axiom we hye % SiTin
of each individual North Carolina amounts only to S9
chusets where they convert materials into nanufac-
tnred articles is s66 France, after long expeIence
the Council, VI. Baroche. its determination tomaIiy
60 reject the principle Of Free Trade as incompatible
NTH fhp iDdpDeudeucp NJ.
destructive TO her nobles manufactures He then
saws that Protection be blind interchangeable
excessive but the principle must be firmly mantaned'
people throughout the Southern part Of our eoun
try realize the many which they possess III
mild climate with cheap labor. where all the powers OF
nature have combined to urge the people TO condense
their material in forms Of great yauewhen they 90
this they will find themselves III possession OF one OF the
most favored spots on the globe After the war OF the
Revolution country remained poor and feeble until
under the lead of Mr. Calhoun adopted the Protective
sources with unexanpled rapidty. Our history shows
that, in proportion as manufacturing houIshes every
nations to gather wisdom by rejecting on the history
The Committee which had been appointed to draw up a
submitted their report Mr. ahS ISenEo Sherwood
offered minority report mae,Tiay mGayHg sS " pSOr eTgr
his notifications he spoke at some length
REMARKS OF MIR. SHERWOOD.
National Governments aud every welldisposed citizen
into nc Of SSon IN aaoPs nS Of the
and Territories England in 1876 stood in condition IN
respects analogous ours She had been engaged
in exhaustive She had public debt IT. Of 1 about
population, she had l2,O0QOOO
and home country embracing an area merely the SIZE
of Eew-EDgland and New-York. To meet her hnan-
eaI engagements and sustain her population she had
more formidable task than encountered by any
other country She had remedy Only-ylgOr0us pro
lucOn She driven by stern necessity 10 develop
her and in addition thereto, to manipu
late the resources Of other countries: Her manu-
factures protected and f0stered. Her ships
brought food and the material, and again
distributed the manufactured product She thrived,
and grew 0puent her industries Engands com
merce was Enslsnds necessity under her condition II
home industry aided by inventions in the economic
process formed the substantial basis Of the whole pros
perity But for the necessities OF the case the major
OF the capital engaged III English foreign commerce
would have been virtually thrown away The English
system owing 70 the restricted Of the home country
one Ours need not be- Our resources compared with
those OF the British Islands, nearly In proportion to
We need to abroad for but few things. II
employ our means TO invigOrate development, domes
fc commerce will rapidly absorb most OF the capital that
i engaged in foreign trade, and with better and
certain profits In country three things in
separaby nterlaced and nterlOcked-namely, agricul
fnre mechanism, and domestic commerce System,
tief simple and sefevdent policy, harmonic these
4ntO vigorous growth and gigantic proportions not suf
1eed TO be dsarraDged by 10 outside in
references. But how shall harmonic the sgricu
sara, mechanical, and commercial tnterestsf shall
show you that IL best be done by reducing the
cost Of transportation find reference 10 the report
OF the Secretary of the Treasury for 1861 the ratio Of
annual per capita production TO each man. woman and
child white and black in the respective States exclusive
Of the gains and earnings Of commerce. TO have been
follows
Massachusetts .slGe co Maine ............s7i IL
Rhode Island...... 164 Gl Indiana. 60 "a
COnllocticut---.-. lo0 70 NlbcOneln-.....-. b6 Al
NaiuOthld.--..--.. lAS " hllssSsllpls-.-. Of %
Y.