New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-23

having brought with Il dversfcation OF pursuits ana
the cotton grower now raising MS own ioou hs'oau VI
going abroad TO buy TO- AZ consequences so uoiuoN
demand now absorbs probably more thah foPer ccnso
the total product leaving but half as much 10 DO exporter
m sor. abroad In 1860; and the producer receiyinga
l,dred dollars per bale, where before he had peen
h,,ed 70 content himself with average OF less than
tt when The buyer finds himself compelled 10 seek inc
sIr fb> latter IS ,cho fres The price That he Is now
obed 40 to do would to DO the effect OF tho leg
alton" Of 1861.
g. In the natural order Of things the cultivaor pron
by improvements in manufacture; yet here athouRn
each successive year brought with 1t Increased fac
es for the conversion OF cotton find the planter 10
have been with great steadinoss giving more OF u TOT
less money The cause, then were told, was ths
too much cotton being produced, and the planters
held meetings with view TO reduce the quantity 'e'
the cultivation extended with decline OF price struggle
as they might the still the same more COTTON
beng given for less money and in spite OF great
natural law in virtue OF which the planter should have
had annually more iron, more gold, more silver, moro
lead and more OF all the metals. for less cotton
Adam Smith denounced the British system because ~
was based the idea of cheapening the raw materials
Of manufacture Therefore 1t that 1t had Deeh TO
sisted by means of protective measures by Oil the c'
jzed nations Of the world-Amerca alone excepted III
all NJ them consequently raw produce had risen In price,
while here alone had been exhibited ciVhed coninu.
nifty IN which produce had during nan oon'ui'
steadily declined In prcethe farming ana planning III
terests strange to say having been most consistent IN
the pursuit of policy tending TO diminish the quany
OF money to be received in exchange for bale OF COTTON
or barrel OF -four Barbarsm grows In the rato OF INC
OF the rude products Of the land and consequent
exhaustion of tho sothe raising of such products ior
distant markets being the proper work OF the
and the slave. and of those alone
Protection looks 10 the prevention OF such eAhaus'
by bringing consumers the side of producers ana
nromoting the growth of wealth and CIVILIZATION ihat
such has been s tendencies is clearly shown IN the prei
history of tho cotton trade given above given 100 III
belief that no one study 1t without arriving az tne
conclusion that had the tariff OF 1s42 been maintained n
existence the South would have been nlled WIN
furnaces and factories, making that demand Tor aooi
which would have given freedom to the slave ana enor
nous value to the land and bringing with IL tnat con
sciousness Of the existence OF general harmony OF "e
ests which would have knitted North and South mor'
closely together and would have enabled us to AVOID the
great sacrifice of life and fortune that has resulted on
| the late Rebellion.
Having studied carefully the factshere gwen you may
IA think reconsider the assertion" so hastily made te
the effect that the progress Of the country through
what we may term It's elements Of vitality, indepepa
| ept OF legislation" Yours, respectfully
| Hon. u. A. Wells HENRI " NA"'i'
| Philadelphia, Feb. 10, 1862