The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1871-04-01

i
is letter that there should be no
uties whatever on foreign pro-
ucts. Now with duties laid Cor
svenue, and laid with due dis
rimination, the Protectiontsts
ouid not complain. The plan on
'hicL all parties ought to be able
agree, would be one that would
imply keep the imports down to
uch . rate that our exports Of sg-
ecultural produets. &c, will pay
or the trumpery We are importing.
Without taking all Of our gold and
hundreds Of millions Of bonds be-
ides- We can get = little light on
this subject by the use Of little
common arithmetic. By the show
ing Of Mr.. Wells. who seems to be
q coadjutator Of Mr.. Mill in pro
noting the interests Of European
manufactures, the balance Of trade
against US 10 annually about 20
millions; with no prospect, he says.
Of reducing tho great amount Of
our imports, with shout 1,5oO
millions of our bonds, national
and local abroad.
Now. in twenty-five years, at
this rate, We shall owe abroad s.
700 millions, and in forty years o.
600 millions, nearly twice and
half the whole amount of the vast
English debt. So i is evident
that, if we 60 On % We are now do
ing, national bankruptcy is only
question Of time, and not . very
long time, either. This cal'cuih-
ton supposes that We can manage
in the meantime to pay up the in
terest on the European debt with
out the shipment Of bonS3s for this
purpose, which is simply inpossi-
BILE, from the face that the interest
alone, even Of the present foreign
debt, exceeds the eatire product of
our gold mines. il rs thus evident
that these matters, not touched
upon by Mr.. Mill, must DO cousid-
cred in the sdjustnent Of any
measures now relating 10 our for
eign trade.
A few words in regard to Mr..
Mills inaccuracies must Suffice
He says that the intention Of pro-
tective duties is to promote the
pecuniary gains Of the few This
is not true. The expressed 1NrEN
rIoN is always for the promotion
Of tho public good. The express
sed intention, in many cases. is to
secure to our people IN the course
Of q few years. lower prices, which
so fortunately occurred lately in
regard to the nauufacture Of pa
per, and which Mr.. Mill 90 greatly
deplores.
In that case high duties secured
in few yeaTs low prices BY do
mestic competition, and what prov
ed . loss to the few. resulted il
good to the many. In numerous
cases the main intention in protec
tion is to give employment togrea
numbers of people, as was the in.
tention when most Of the Europe
an manufactures were estabishe o.
"A work Of charity, to enah
great numbers Of the people to es
cape starvation or the aims HOUSE
In many Of our cities and towns th
dread alternative is even now pre-
sented of either giving tho peopl
employment or supporting them a
paupers.
Mr.. Mill would caution us agains
manufactures Tor the reason that
takes persons from other employ
ments; but il be knew this countr
better he would know that this
the very thing We need. We woul
take young men and boys from, th
employment Of bafng. md dive
thousands of sble-bodied men frol
the sad tasx Of hunting somethia
to do, while We would induce mil
lions Of women snf girls to lea,
the employ ment of exhibiting the
cherms in foreign gewgaws at otl
ers' expense, snd engage in son
employment by which they &C
earn their own living.
It is not true, ns Mr. N. suppo
es, that anybody in this countl
advocates the laying OF duties G
foreign goods tor the purpose
building up towns, nos is It tr,
that towns are injurious to Il
country, but, ~ Mr.. Mill himse
teaches in his great work on poll
ical economy, they are Of sign
advantage. 1
Mr. Mill ehsFscteri7eE the id
Of our adopting q policy similar
that by which England became,
one time, the mistress Of the wor
world, 40 'pUPxay.' .Dupery'
good. II expresses exactly VII
We have suffered IN many, mai
thugs. By 'dupery' We have be-
led to pay ever two thousand mi
lions of taxes for foreign natio
in twenty Eve years; and by dug
ry' We have parted With about o
thousand two hund1ed millions
our gold in the ssme timey and it
claimed that ws have only abo
two hundred and twenty-five Nj
lions Of the pseeious messh n
above ground, snd Ne are thas 9
flicted with - irredeemable u
: deprecated currency. We ha
been duped into the adoption OF
policy by which We have support
millions Of people Of other cor
tries in work. sBd left millions
r our own people out Of empaoynel
BY 'dupery' We hsve allowed Es
t land 70 coAtinpe heT colonial po
, cy in this sountry, - Indicated
: Lord ChsthaD, when - said q
I "ths ADsYicsas ougAe sot to BE-
r lowed to make - wuoh - q hu