Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1894-01-10

sion laws are modified and the North
will assure and convince the South that
they shall remain repealed and modi-
fed, the South will be open for q dis
cussion of the tariff. "Why should the
South passively adhere to the free trade
heresyY She is only at the outer portals
Of a temple of commercial wealth more
substantial in its magnificent proper
tons than any earthly king has reared.
She can manufacture more and produce
it cheaper taan the older iron and coal
States of the North and West. Her
coal is inexhaustible, and largest de-
posits are nearer to tide water than
any deposits in the world, except those
in Eglard. She is beginning to develop
only the outer edge of immense timber
forests, and is successfully competing
with Canadian the Northern and West
ern markets.
"Her orange crops are increasing
yearly, and her sugar and rice planta-
tons, under the system of protection,
are increasing in area. With such
prospects in view, and while she is on
the very threshold of prosperity, shall
we turn back, close her iron and
coal mines, shut down her factories,
cut down her orange groves, relegate
her vast timber forests to decay and
fire, and leave her sugar cane and rice
fields to grow up in weeds? In 1843
Horace Greedy laid down five distinct
propositions applicable to the protective
system. Those principles are as sound
today, in theory, as they were then.
Under the practical test Of more than
thirty years they are simply impregna-
BILE. They are especially adapted to the
present condition of the Southern States.
Mr.. Greedy submitted the following:
First proposition-'A nation which
would be prosperous must prosecute
various branches of industry and sup
ply its vital wants mainly by the labor
of its W hands Second proposition
There is a natural tendency in a com-
paratively new country to become, and
continue, an exporter of grain and
other rude staples, and an importer of
manufactured Third proposition-'It
is injurious to the new country thus to
continue dependent for its supplies of
Clothing and manufactured fabrics on
the old Fourth proposition-'That
equilibrium between agriculture manu-
features and commerce, which we need,
can only be maintained by protective
duties Fifth Observation-Disclosures
is necessary and proper, to sustain as
well as to create a b%eneficent adjustment
of our national industry
Suppose that the South should take
unto herself and apply these principles
to her naturally favorable conditions.
Under a protective tariff she has it in
her power to shut down indefinitely the
immense cotton manufacturing plants
of Manchester and Leeds. She has it
in her power to bankrupt Fall River
and Lowell and Pittsburg, unless they
shall bring their manufacturing plants
to the inexhaustible iron and coal fields
and the almost limitless cotton planta-
tions Of the South. Instead of sending
her cotton abroad at seven cents per
pound, she can send it in the shape of
thread or cotton yarn at fourteen cents,
or in the shape of cloth at twenty eight
cents. In thus enhancing the value of
her staple product 400 per cent, she not
only brings into her borders that much
increase in money, but she will have
given employment to thousands of la
borers, who are taken away from COM
potion in other branches of industry.
These are some of the reasons why the
South should favor a protective tariff,
and will be ripe for its adoption In 1895
and possibly in 1894"