The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1892-09-01
HfAsa Of al Learennr Po-au Govt Report Aug ~ 1850
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ABSOLUTELY PURE
ABSOLUTELY PURE
GENERAL PROSPERITY UNDER
PROTECTION.

exports had d dsindie6 10 ~ inoops,ders
bIe amount, while our imports OF foreig
goods bad lsrgely increased: the couutr
sas thus drained Of its currency. which
slssys. 10 every country, iis life blood; W
bad lost nearly the whole OF tie csrryin
trade, by which the commercial prospetit
Of be nation had been greatly enhanced
disorder and EN- mbsrrassmenl bad been IN
troduced into all our domestic silairs; W
found Of home no market for the product
Of the soil; manufactures were depressed
aud neither cotton nor wool found her
any sale; the produce OF the farmers va
stored 10 bis bsrns.s dead weight upon bi
hands. money to pay debts could only b.
procured ct enormous aud ruinous sacri
fees, bankruptcy pervsded Every class
destroying their prosperity. blightint
their energy. snd blasting their hopes. thu
price OF labor Was reduced almost to ,
lev,l with that OF the crowded and i'm
poverishsd nations OF Europe. the value ol
property throughout The nstion bad fallen
nearly 30 per cent within ten years. and
10 I'll the departments OF our industry
were to be seen only pIostrstion and em
bsrrsssmeLt. nor could the clesrest sight
ed discern augbt OF relief in the future. II
became the duty Of Congress to examine
the causes OF this wide spread and unde
nisble distress: and, as vt this period the
duties OF the national representatives. were
not limited to taking care OF themselves,
hey addressed themselves to their response
BILE task with energy and sincere desire to
remedy the Ills which had settled upon
he nation. 10 the opinion OF the Com
mittee to whose charge the subject was
entrusted, the lack OF efficient Protection
for our Home Industry was the great cen,
tr.l cause OF ell the suffering OF the land; /;
and bill was accordingly reported, revis.
ing the Tariff OF 1916. and placing Amer
can Labor 10 . far higher and more inde
pendent position than it had ever before
occupied. The bill was Protective in all
it features; and as such received the un
qualified support OF Mr.. Clay He was its
champion throughout the earnest and
powerful debsts which succeeded its In
PRODUCTION. Opposed to him were some
OF the strongest men in the country, actual
ted by different motives, basing their bos'
tilty mainly upon local, sectional oon
siderstioDs. and led on by Hon. Daniel
Webster, then as he has always been re
gsrded since, one OF the most formidable
opponents 10 debate any Of our statesmen
have ever been called to encounter
The speech Of Mr.. Clay, delivered on
the 30th and 3lst Of March, is one Of the
strongest and most ltg gcal arguments be
ever delivered. He sacrificed nothing to
eloquent display; bis whole effort was to
prove, by demonstration. by the clesrest
and most forcibls ressoning snd by oil the
experience OF nstions, the policy, the ab
solute necessity, OF Protective System;
and then to enforce his views upon the at
tention Of Congress and Of the country, by
every consideration Of patriotism, and by
appeals 10 every generous and noble i'm
pulse which could have weight With up
night single ID inded and devoted states
men. The speech merits the closest atten'
tion OF every man who would clearly see
the grounds on which all OF national indie
pendence and prosperity Of which we can
reasonably hope. must be based. On the
10th OF April the bill passed the House by
= vote Of l07 to l02, and soon after became
. law. To MIR. Clsys eI'rtiops it's sue.
cess was most justly attributed: sll the
strength OF the friends OF the system was
centered in him; upon bis shoulders fell
oil the opposition OF those who contested
the passage Of ths bill, with 6erceness
and sbil,y seldom equalled 10 the history
Of Congressional debates. Bot be met ev
cry Asssilsnt with the same weapons OF
unsnswersbie logic and irresistible eloqu'
ence; the sarcastic abuse Of Randolph
could not move or entice him from his
ground, nor the strong blows OF Webster
cause him for one moment TO sverve from
Ibe great principle he had so warmly es'
poused. Through his eIertions the bill
became . Law. and the American System
vas established.
Under the operation OF this law. jointly
With thai OF the National Bank. which was
now fast restoring order and health to the
national currency, the whole face OF the
,ouniry Was renewed. ~ is thst OF Nature
by the dawn OF 81 ring. All b'r great inter,
sst. we're aroused to life; vigorous. sies
~ growth Vas ipduced; snd the bsppi
,ess OF prosp' rous iudu,ty vas difiused
NJ over the land. The manufsctures OF
be North nov found ready sale for their |
,oods; lsborer. foil employ meui for their
,snd.; and the producing classes brink |
nsrie, for their sorplas produce. BY the {
Introduction Of labor saving mschin,rg.
nanuisc,prsd goods were soon sfOrded :, ,
Ilmust ss los . cssh price IS those import |
"a from Englsn J. while, IN fact. taking into
The erbsnced value OF the I
srmer's products, aud the profit OF mar
Is, 81 home. established by The operation
u the Tsrin. they we're far cheaper 10 the I
than the E0eiish goods bad ever ,
,een. The Manufactured sriiele fell 10 the |
sosrse Of few yesr 10 one sixth Of its
Iorusr price; The value Of labor increased /
And the produce Of the isrmer /
nd The staple Of The planter incfsas' a 10