The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1877-10-31

I am Glad to see you, my friends, as my
neighbors, NTH whom have so long lived,
and with whose interests have been so inti-
mately identified Nothing could be more
gratifying ID any man than the generous
manner in which my nomination has been re-
ceived, so far as have seen and heard in all
portions OF New Jersey and most especially
from those who, like yourselves, know me so
well. Your honor is my honor, and shall SO
conduct affairs, If am successful, as to give
the best possible satisfaction, not only to you,
but to all who desire an economical and hon
orable administration. Many of you repre-
sent an interest which now languishes, in
common with every other Industry, Millions
Of people are unemployed because the turn
ing Of the wheel and the puff of the engine
is rarely heard. There never was a period in
the history of any, country whom the folly Of
free trade was more manifest than to-day
Manufactures stop, men are unemployed, and
have no money to buy the productions Of the
farmer, and so we are mutually Frustrated.
have ever been an advocate of the doctrine Of
protection to American industry, and am to-
day more strongly confirmed in my belief that
a jadicious tariff, not prohibitory, is the only
safe policy for country like ours, where in
terests are so diversified and yet SO closely en-
twined. It happens most fortunately for me,
at this jnncture Of my public life, that am
not necessitated to take any new positions up
on the varions questions before the people,
but have only to refer them to my recorded
opinions and votes and am especially hap
pynow to be able to refer to speech which |
had the honor to make In Congress, May 10,
1856, upon the Revenue Bill" looking at
that time more particularly to the great pot
terry business which has been springing up at
our State capitol, and which it seemed to me,
as Jerseyman, required to be fostered and
brought to a condition of greater prosperity,
and to be established upon firm foundation.
And here, I would state, that the collapse
that has fallen upon that business at Trenton
has given the farmers of New Jersey most
apt illustration Of the value of protection to
manufacturers. During the period of the
greatest prosperity of those establishments at
Trenton, straw would bring twenty dollars a
ton for packing purposes, when now we can
only obtain seven or eight dollars. And !
can say to you, farmers, who are here to-
night, that you can never again receive such
prices for grain, nor indeed for any Of your
productions, until factories are at work and
the hands have money to buy what you have
to sell. I call your attention to some few ex-
tracts from an elaborate argument upon tire
subject of protection, to which / have refer
red
81 have thus, in this imperfect manner,
endeavored to set forth some Of the benefits
of manufactures to the people and the nation.
Among other advantages, l find that manu-
features create home market, diversity the
products of industry, increase the avenues of
labor, develop internal and external trade and
commerce, add to the amount of revenue, and
form basis for the absorption Of q large vol
ume of national circulation, thus internally
and externally strengthening the national
body, enabling 1t to preserve order and pro-
mote industry at home, ana to make itself
feared as well as respected abroad.
g But great as New Jersey is in proportion
to her territory as an agricultural she is des-
tined to be yet greater as q manufacturing
State. The revenue paid on manufactures
and productions by New Jersey for the fiscal
year ending June 80, 1865, was exceeded only
by that of New York, Pennsylvania, Massa-
chusetts, Ohio and Illinois and if we except
distilled spirits, by the first four only of those
States. In proportion to population New Jer-
sey paid on manufactures a larger tax than
either, except Massachusetts,, the tax per cap
tia being as follows Massachusetts,, $12.64 (;
New Jersey, $3.50 New York, $e.i4i; Penn
sylvania, 1851 Ohio, 1891 Illinois, 1892.
"And am glad to see that many of the
English manufacturers are recognizing the
policy ofthe Government in this matter as the
true one for the interests of the country, and
and are bringing their capital to this country
in order to carry on their business here instead
of trying any longer, to draw out our capital
in exchange for their products. This policy
brings not only capital, but skilled labor into
the country, which is what we so much need.
. = One Of the large thread manufacture
ers of England is about to supply our market,
by manufacturing the article here, employ
Ing his own capital with which to carry on
his operations Is not this much better than
that we should send the cotton to England, at
large expense and risk, perhaps in foreign
bottoms and import the manufactured arti-
Giles in the same manner2 There is now be-
ing erected in Hudson County, in my State,
large establishment for the manufacture Of
watches. A village Is also being built for
its accommodation q railroad stationis to be
established at that place, and thus value is at
once added to the taxable property Of the
county, income to the Government, and capt.
tai brought into the country to carry ON the
business. It can no longer be claimed that
we are not old enough that we cannot supply
ourselves.
"Sone of the reasons which constitute New
Jersey SO important a manufacturing State
are to be found in the fact Of its proximity to
large cities where supplies for materials are
abundant and good markets for sales Of easy
access. Then its railroad, canal, and river
communications are unexcelled. Its water
power Is inexhaustible lis also in near prox.
unity To coal mines within its borders living