The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1888-09-06


The sousb has shared IN this splendid
progress, To this golden period Of devolp-
neat From 1851 20 icoe the average year
" production Of pig iron throughout the
United States was les than SDs0u tons
In 1855 the States OF Alabama, IenpesEc<,
Virginia, West virginia. Kentucky,
Georgia, Maryland. Texas and North
Carolina produced sTs.lsp net tons. or ~.
co more than the whole annual output 81
the United States nnder the free trade
period. The eight years last past have
brought To the South wonderful progress.
You had in 1850, ~. as miles OF railroad {;
you have now y0.s37 miles. and this y 10.
crossing. You raised in 1850 b.5h.S0
bales Of cotton ; IN 1855 you raised Z, suv,v.
bales. Ia 1850 you raised s3l, 0'teSu bush
Ella OF grain, aud In 1857 you raised d30,-
n&.O0D bushels. In lss0 you had iive
stock amounting In value TO SOL ,3i2, ~ !;
Il Is now valued nj $50 Cos, $50 Tue value
Of your agricultural products In 1850 WAS
t5fi .Oss 454 is 1857 Il had reached tSsa.-
0dS. i60. In $50 you produced 3y7 .30i tons
Of pig iron IN 1887 you produced s@,4B
tons, and am assured upon the best au'
thoriiy tbst II h upward of 1000. 90 NOW.
You minei IN 1880 .0!9 AZ tons Of cosl, y
cotton mslis ycu have got today 500. and
they are increasing The number u your
spindies ID $50 was 7is,pso thsy are 70
day 1905. l45 The number OF your looms
10 1850 was Is, IRE they are over H.CW
now. The value OF cotton g0ods 10 l6U
which Won produced WAS vi. 600 900 In
1857 II was over t4S.0o0.O00. And yet, In
the presence Of such progress, u Is serious
ly proposed TO reverse the policy under
which II has been made. Surelya
xEw ERA or INDUSTRIAL DEVELOPMENT
has come to the South. Nothing should
b permitted to check or retard It. To her
nature has been most prodigal with her
gffts Her hills and valleys have been
made the storehouses Of richest treasure
Coal and iron mines walt impatiently the
touch OF labor and capital, and tempt both
with promise Of lavish profit. Raw mate
RAILS are found at every turn TO invite the
skilled artIxan to transform them into the
finished product for the highest uses OF
man. She possesses the flbres In rich
abundance; her skilled labor should weave
Ne fabric. II III said that there IL nothing
noWn In any Of the States, except Florida,
HAT Georgia cannot probably produce.
0hs has coal, iron deposits, marble and
building stone, cotton and the cereals. |
Nothing but her own folly, nothing but
blindness to her highest and best interests
can keep her from the front rank OF the
industrial states of the Union. Whether
W discuss this question from principle,
nom statistics OF experience, we must
reach the same conclusion; ali lead to the
same conviction. Let me give You some
important evidence from high and I'M
doubted sources, which contirmSsthe argu.
ment which | have been making. Presi-
dent Fillmore said, on Dec ., 1851, In his
message to Congress, speaking OF the con
dition Of the country;
THE value Of our exports OF breadstuffs
and provisions, which II was supposed the
incentive OF a low tariff and large importa-
tons from abroad would have grestly
augmented, has fallen from $6s, 70l ,92l 10
1si7, 10 saj 05l 1913 In 1850 and to t2l, s4s, 653
In 1851, with a troBgprobability, amount
ing almost TO certainty. OF still further
reduction Ia the current year. The
policy which dictated low rate OF duties
on foreign merchandise, 1t was thought BY
those who promoted and established 1t,
would tend TO benefit the farming popula-
ti0n Of this country by increasing the de-
MAnc, and raising the price Of agricultural
products in foreign markets The iorego-
Ing facts, however, seem 70 show neon
testably that no such result mas ioiio"ou
k0E HuOpt4Du VI kUib bbiNys 4
Again he said In his message OF Dec. D.
1852
"Without repeating the arguments con.
tained In my former message IN Iavor 81
discriminating protective duties, deem y
nv duty TO can your attention TO one or
two other considerations affecting this
subject. The first Is the effect OF large
importations OF foreign goods upon our
currency Most Of the gold OF Caliiornia,
~ fast AZ 1t Ia coined, finds it, way directly
10 Europe In payment for goods purchas-
"a. In the second place, as our manufac-
turing establishments are broken down
By competition with foreigners, the capital
invested in them Ia lost thousands Of hon.
ut and industrious citizensAre
THROWN OUT OF EMPLOYMENT, Ii
and the farmer to that extent il deprived
4 home market for the sale of his sur.
plus produce. In the third place, the de-
seruction OF our manufactures leaves the /
foreigner without competition In our mar
ket, and he consequently raises the price
Of the article sent here for sale. As is now
sssu in the Increased cost Of iron imported
from England"
In December, 1857, President Buchanan,
IN his annual message to Congress, said;
1.-THE earth has yielded her fruits abund-
antly, and has bountiiully rewarded the
toll Of the husbandman. We have pos
sessed all the elements VI material wealth
n rich abundance, and yet, notwithstand-
ins all these advantages, our country In
IL monetary interests Is at the present
unoment In deplorable condition. In the
midst Of unsurpassed plenty Ia all the pro
ductions and In all the elements OF natural
wealth, we nnd our manufactures sus
psuded, our public works retarded. our
private enterprises Of different kinds aban-
6pued, and thousands OF useful lRDorers
thrown out Of employment and reduced TO
want
This testimony would condemn "a rev. I
snue tariff In any court OF the land. 1t
ought to force like verdict from the ,
great jury Of our oountrymen.
One Of the chief complaints against the
protective system Is It's alleged hindrance
10 foreign trade and foreign market for I