New-York tribune., 1879-11-29
Extract from me annual Cotton Circular Of Smith drards
Co.. LirerO0oi, 5ls' Dscenber 1873

Then this country has suffered very Sc
vcrey OF late from the increasing strinsency OF
evinee in most countries 10 protect the'r own indus
tries and in such We are The chef sunerers
fIotures the or life The United states
at lime large customer for ouF iron ware and
the ciy has nearly driven ms out OF Der mar
kets aud has butt up vast system of manufactures
which completely supplies her own wants, aud leaves
something To spare for competition Win rs Ia foreign
markets The ircetaders of this country console them
selves by thukinx that she the chief sufferer. but
whether this be or not (Which = very doubunD thf
fact remains That ler markets are almost lot 70 us, anu
upon her for food and raw material For THIS We have
no OF paying except DY money 0r bOnds or ndi
recrly by credits with China Brazil and other coun-
tries. from which Auerica imports tea. saga. ETC.
our Colonies ali follow IN the wake OF the United
states and DO their best to stimulate their
iaciures by closing their markets against ours. Tho
countries OF Europe. the other hand, aided BY our
best machinery and skilled labor which We have largely
supplied. becoming ana more independent Of
ua aud IN where sill under-e.l them
are raising their tariff, threatening 10 do and tho
last stroke in tna direction L. exhibited by Prince B-
marcks letter 20 the enlightened German nat0ns
wherein be- boldly advocates returning 30 protection,
aud given 10 believe tnat legislation In that
Tae extension OF our trade Is therefore restricted 10
India and CHINA and such weak >emcylizod countries
are IN some degree under our eontrp ana 10 uouY,
I'm these open markets We can stll Hold our gr0undi
Dui. unuckly. terrible famines have wasted the 20
OF hot India and China VI late years, aud We
are still feeling their effects.
To the thinking thoughtful student OF political econ
oray the above Is full to overlooking with sound
common sense IN support OF protective
tariff enforced by the United States Government, aud
presents an unanswerable argument why protection
should DC made universal every department. IN
manufacturing interests. We cannot better illustrate
why the great south should favor protection Or II mast
become In the near future the great manufacturing
centre country than by citing ts people 20 the
theory OF opposition TO public improvements by the
Y neral Government. popular ana universally
commended by South The result OF this policy was
that the rivers and harbors OF the South we're left
closed TO navigation and utterly useless FOR commercial
OF manufacturing purposes While the Northern states
claimed and received aid from the general Gov
ernmcnt for tie purpose OF making their wafer
courses available FOR manufacturing and commercial
plrposes Now that people have awoke from their
error and received Government AID We ind that our
rivers heretofore closed 10 navigation. alive with
commercial prosperity Not only in this particular out
we see in every industry IN the south protected the
greatest prosperity The Cherokee section OF Georgia.
VIA its inexhaustble beds OF iron aud its immense
water power lying ide aud the cotton mills located in
other portions OF the great Empire state OF the sonth
arc responding in renewed aud sure prosperity to that
system OF protective tariff wisely anu judiciOusy
employed behalf OF home capital AMI manufactures
against foreign competition The sober second tboughe
o the people, aud especially OF that lar-e AMI inteli-
gent body of citizens who have heretofore favored
the free trade idea WILL doubt nor respond 10 the
imperative necessity thar makes 70 the duty OF the Gov
ernment foster aud encourage the industry VI s own
people in preference 20 that OF any foreign Industry
The protective" policy Is not an Instrument Tor the
more certain building up Or mOnopOlrs Hnd immense
souess corporations bat serves 20 eQuze and DIVER
sifv great interests tnat enrich ana make people
ard government great and enduring.
The German nation. under the lead OF mat astute
statesman. Prince Bismarck has, since me clcuaI Ot
smith. Edwards Co. issued, adopted protective
tariff The fOrehodlngs OF Mr.. smith have been rea
ized, and anorher Government hs rnnsed teii nnGer
The banner OF protection. Inc extract above quoted
tells plainly the fruits that have followed even he mn
ICED free trade policy pursued by the English Govern
m.nt The extract II not the mOuthlngs oi visionary
seeking plausible excuse for tie ecadence oi ms
uperae and thoughtful views of Mr.. samuel sniil ot
the great commercial firm OF smith, Ed wards Co.. or
LytrpOol-a firm whose organization DATES from whence
the memory Of not 10 the contrary. We COM
mend IN 10 the thoughtful everywhere, bcfg that the
hosue turif " against ali foreign nlanhiac. .uFlng ln-
dastres has been the chief source Of making c United
the greatest and most prosperous i1Vcrnment
and people the face Of the globe to-day.
IL. LII