LAN: eng <2048404> *OCLC* Form:mono 2 lnput:FMD 008 ENT: 971120 TYP: s DT1: 1824 DT2: 035 (OCoLC)37928306 037 PSt SNPaAg028.1 $bPreservation Office, The Pennsylvania State University, Pattee Library, University Parl<, PA 16802-1805 090 20 Microfilm D344 reel 28.1 $cmc+(service copy, print master, archival master) 100 1 Carey, Mathew$d1 760-1 839. 245 10 Address delivered before the Philadelphia Society for Promoting Agriculture at its meeting $bon the twentieth of July, 1 824. 260 Philadelphia $bPrinted by Joseph R. A. Skerrett $c1 824. 300 xii, 80 p. $c23 cm. 533 Microfilm $bUniversity Park, Pa. : $cPennsylvania State University $d1997. $e1 microfilm reel ; 35 mm. $f(USAIN state and local literature preservation project. Pennsylvania) $f(Pennsylvania agricultural literature on microfilm). 590 Archival master stored at National Underground Storage, Boyers, PA. print master stored at remote facility. 590 This item is temporarily out of the library during the filming process. If you wish to be notified when it returns, please fill out a Personal Reserve slip. The slips are available in the Rare Books Room, in the Microforms Room, and at the Circulation desk. 650 0 Agriculture. 710 2 Philadelphia Society for Promoting Agriculture. 830 0 USAIN state and local literature preservation project. $pPennsylvania 830 0 Pennsylvania agricultural literature on microfilm. FILMED WHOLE OR IN PART FROM A COPY BORROWED FROM: UNIVERSITY OF MINNESOTA Microfilmed By Challenge Industries 402 E. State St P.O. Box 599 Ithaca NY 14851-0599 phone (607)272-8990 fax (607)277-7865 www.lightlink.com/challind/micro1.htm IMRGE EVPLUflTION TEST TARGET Qfi-3 1.0 I.I 1.25 |5j0 ■ 63 1 71 ■ •0 ■ 90 ■:& *^ u [2.8 m 4.0 1.4 III— [2.2 2.0 1.8 1.6 150mm // y^PPLIED ^ sliVMGE.Inc 1653 East Main Street _^' Rochester, NY 14609 USA = Phone: 716/482-0300 Fax: 716/288-5989 < DELIVERED BEFORE THE FHII.ADELPHIA SOCIETY FOB PROMOTING AGRICULTURE. AT ITS MEETING, OX THE TWENTIETH OF JULY, 1824. MX i MA^^MW ©AEMTa % ^* WTiatever tends to diminish in any country the number of artificers and manu- *'facturers, tends to diminish the home market, the most important of all markets ♦* for the rude produce of the land ; and thereby still further to discourage agricul- "ture." — Smithes Wealth of JVations. ** If Europe will not take from us the products of our soil on terms consistent with '< our interest, the natural remedy is to contract as fast as possible^ our wants of ** her." — ^. Hamilton. ** The uniform appearance of an abundance of specie, as the concomitant of a '* flourishing state of manufactures, and of the reverse, where they do not prevail, ** afford a strong presumption of their favourable operation on the wealth of a coun- « try."— /c/em. ** The effect of multiplying the opportunities of employment, to those who imrai- ** grate, may be an increase of the number and extent of valuable acquisitions to *' the population, arts, and industry of tlie country." — Idem, ■ r PRINTED BT ORDER OF THE SOCIETT. PHILADELPHIA: PRINTED BY JOSEPH R. A. SKERRETT. 182*. W-W .. -^^■W*'•ffl / • » •• T^ 5^. »• ,>-< I s ^ • # / > .>i H A At a meeting of the "Philadelphia Society for promoting Agriculture," held July 20th, 1824 : The annual address was delivered by Mathew Carey, Esquire; .. On motion, Resolved, that the thanks of the Society be presented to Mathew Carey, Esq. for Iiis address, and that he be requested to furnish a copy for publication. ^^ W. S. WARDER, 'Assistant Sec^ry. ■T S 4 0 U f 0 :^ s I 1182796 ^ 1 I.- ' • %. « . ^;*'- . •. * • % -l, < 4, f To the Farmers and Planters of the United States. Feixow Citizens, THE following pages, involving a subject of the utmost importance to your dearest interests, are respectfully sub- mitted to you. To insure the doctrines they contain a calm and candid investigation, it will, I hope, be sufficient to state that they are in accordance with the practice of all the pros- perous nations of the old world— that the prosperity of those nations has been and is in proportion to the extent to which these doctrines are carried into practice— and that they are adopted generally, in a greater or less degree, in the codes of nearly all the newly-formed governments of the western hemisphere, which have had the sagacity either absolutely to prohibit, or to impose prohibitory duties on, such articles as would interfere with or crush the national industry. Independent of the practice oHhosa nations, these doctrines are founded on the clear and explicit maxims of the wisest statesmen the world lias ever produced — the Edwards, Wal- singhams, Colberts, Sullys, and Frederics, beyond the At- lantic— and on this side, the Franklins, JefTersons, and Hamiltons, a powerful host z*^ •_ •- The soundness of these doctrines receives further corro- boration, from the melancholy experience of those countries where they have been disregarded— Spain, Portugal, Italy, Poland, and Ireland, often quoted, but quoted in vain. Our own experience, subsequently to our two wars, also sheds strong light on the subject. Russia tried the elTcct of the sys- tem we pursue, for two years, 1820 and 1821, which in that short time blighted and blasted the national prosperity as much as a war of ten years duration could have done. A cir- cular of the emperor Alexander, draws the following strong picture of the national suffering : — . " In proportion as the prohibitory system is extended and rendered perfect ** in other countries, that state ivldch pursues the contrary system, makes from For a few of the maxims of those great statesmen, see page 7o, 1# ( vi ) *' day to day sacrifices more extensive and more considerable, • • • It offers a ** continual encouragement to the manufactures of other countries — and its own ** manufactures perish in the struggle xvhich they are as yet unable to maintain. "It is with the most lively feelings of reg^ret we acknowledge it is our « own proper experience which enables us to trace this picture. AGRI- « CULTURE WITHOUT A MARKET, INDUSTRY WITHOUT PROTEC- "TION, LANGUISH AND DECLINE. SPECIE IS EXPORTED, AND "THE MOST SOLID COMMERCIAL HOUSES ARE SHAKEN. *^ Events have proved that our AGRICULTURE and our COMMERCE, as **well as our MANUFACTURING INDUSTRY, are not only paralyzed, BUT « BROUGHT TO THE BRINK OF RUIN." In consequence of this calamitous state of affairs, a new tariff was adopted in Russia, in 1822, wliich contains about 340 prohibitions. Among the difficulties attendant on the discussion of sub- jects of deep interest, one of the most serious is, the errors in point of fact, into which partizans fall, whereby it is scarcely possible for the community at large to avoid erroneous deductions. Facts are the pivots on which sound judgments depend, on practical subjects; and where they are mistaken or misstated, theories erected on them, are as unsafe as edifices erected on sandy foundations. No subject has ever been discussed in this country, on which so many and such glaring errors in point of fact have been promulgated, as on the protection of manufactures, in the late discussions in and out of congress. It were endless to enumerate them. Some are commented on in the body of this address— -1 shall here briefly touch on four of the most striking, out of fifty, which might justly claim refutation. I. It was asserted that the bill would prohibit the importatioa of goods, wares, and merchandise, to the amount of 830,000,000 ! ! ! *• What, in the aggregate, is the measure proposed ? To prohibit the impor- ^'tation of manufactures and other articles, to the amount 0/ g 30,000,000 ! It is « true, we are told, that a certain portion, but that small, will not be prohi- "bited for some time to come " — Mr. Cambreleng's Speech, Feb. 18, 1824. II. That it would impair the revenue to the amount of g7,000,- 000, or " nearly so" ! ! "The effect of this Bill would be to prohibit, or nearly so, the importation "of goods, the duties on which, from a statement laid on our table, amount "to S 7,000.000."-.JIfr. Rankin's Speech, p. 19. » , . III. That the cotton, woollen, and hardware manufactures had re- ceived no protection by duty in Great Britain. " Mr. Rankin read a passage from page 168 of Mr. Lowe's work, to show, « that of the whole manufactured productions of England, consumed at ( vii ) "home and abroad, estimated at L. 123,000,000, the cottons, woollens and "hardware, which are the most considerable portion of them, and «Ahich " received no protection from the government by duty!!' amounted to L 80 000- "000."— A/em, p. 26. IV. That England, far from owing her prosperity to her system of protection, " has grown rich in spite of her restrictions on trade .'" " England has grown rich in spite of her restrictions upon trade, and not by "tneans of them. Her wisest statesmen are desirous of removing them, and "can trace with unerring certainty to their operation, a large part of the "oppression under which the fundamental interest of that nation languishes, "and is doomed to hnsnlsh. "---Memorial of the Philadelphia Chamber of Commerce. On the two first items I shall simply observe, that some leading members of congress who used those arguments, not only abandoned them at the close of the debates, but even asserted, that far from reducing the revenue, the tariff bill would increase it 2 or 3,000,000 dollars!! I shall discuss the third and fourth points in connexion. It is obvious to the most superficial reader, that the fourth is a vital one, and ought to decide the question at issue. For if the restrictive system, which has been carried to a greater extent in Great Britain, than in any other country, has im- peded her prosperity, it irresistibly follows, that every prin- ciple of sound policy dictates that we should avoid its baleful consequences. If, on the contrary, it has been, as contended by the friends of the protection of manufactures, the main source of her prosperity, then it is undoubtedly worthy of our adoption, so far as suits our situation and circumstances. When it is considered that the object of the British « re- strictive system'* is to sedulously watch over, and guard the interests and industry of all the subjects of Great Britain— to secure the freights of the British trade at home and abroad to British merchants— to secure to British farmers, mecha- nics, and manufacturers, as far as practicable, the exclusive supply of the domestic market with the products of their in- dustry—to purchase articles in as rude, and to sell them in as elaborated a state as possible, so as to provide profitable employment for the working population— and by every means to force the products of the national industry on all other nations— it appears just as rational to assert that ves- sols make speedy voyages « in spite'' of favourable winds— • > ♦ I ( viii ) that the Missouri and Mississippi have swelled to their pre- sent magnitude <^ in spite^^ of their tributary streams — that heat is produced <« in spite^^ of fire — congelation « in spite^^ of frost — or that the earth produces copious harvests « in *f spite^^ of salutary alternations of refreshing rains and glowing sunshine, as that Great Britain has grown rich «m << spite*^ of a system so admirably and infallibly calculated to enrich a nation. I shall consider the restrictive system of Great Britain in its operation upon her navigation — woollen — leather — sillc — and cotton manufactures. When Cromw^ell assumed the reins of government in Eng- land, the navigation of that country was at a very low ebb, while that of the Dutch was at the highest pinnacle of great- ness. Atoneperiod, they built 1000 vessels per annum. ^ Above 100 vessels entered the port of Amsterdam in a day. The Dutch had as many ships as eleven kingdoms, including Eng- land.f They enjoyed the chief part of the carrying trade for most of the maritime powers of Europe. They engrossed the freights between England and her colonies, and even the major part of the coasting trade of England. They sup- plied her with the productions of a large portion of the globe, and in return carried away her produce and manufactures to all other nations. While the Dutch were thus aggran- dizing themselves, and increasing the national << wealth, power, and resources," English vessels were rotting in port. Under these circumstances, distracted as were the affairs of England, tlic rump parliament passed the navigation act, whereby the trade to the English colonies was interdict- ed to foreigners — and foreign vessels were prohibited from importing into England any articles not the production or manufacture of the nations to which they respectively belonged. I'his produced an immense change in the affairs of both nations. It laid the foundation of the naval ascen- dency of England, and inilicted a mortal wound on that of the Dutch.:}: ; . i^ . • Here is « restriction" in the fullest sense of the word--' • Macpherson's Annals of Commerce, vol. II. page 237. | Ibid, t "This law grievously affected the Dutch, who, till now, bad been almost the sole carriers of merchandise from one country to another." Idem, p. 443. ( ix ) and here the principle has been fairly tested. Is there to be found a man of character in Europe or America, who will venture to assert, that the navigation of Great Britain, the corner stone of her greatness and power, has prospered ^< in « spite of the restrictions'' of this act, and so many others, ex- tending its provisions ? I trust not one. To what I have stated in the address, on the subject of the woollen trade of Great Britain I shall barely add, that accord- ing to Pope's British Customs, woollen cloths, of all descrip- tions, were subject in 1818 to a duty of 1/. 14s.Od.ov S7.33 per yard. The permanent duty was 1^. Is. 6d to which, during the war, were added one-third and one-fourth, both of which were then in full force. So much for woollen goods receiving « no protection by duty.''^ By the existing tariff, en- acted in 1819, the duty is 50 per cent. The original duty on all articles made of leather, or of which leather is the most valuable part, was 90 per cent. .The war duties increased it to 142|. By the new tariff, it is 75 per cent. Silk is not the produce of Great Britain. It is indigenous in countries, where labour is not above half the price it bears in England. The manufacture had, therefore, great dif- ficulties to encounter. But by bounties and drawbacks, and protections and prohibitions, it has been fostered to «uch an extent, that although but 40,000 families are engaged in it, they produce nearly as much as the domestic exports of the United States, which domestic exports, let it be observed, are the means we possess to pay for our imports of every kind from Europe, Asia, the West Indies, and South Ame- rica. The proceeds of the British silk manufacture in 1822, were 10,000,000/.t equal to about 845,000,000. Our whole domestic exports for that year were only 849,874,079 ! ! ! . ^•'. • - • I cheerfully do Mr. Rankin the justice to believe, that his error was un- intentional. Lowe's idea, as may be seen on consulting his text, is, that the three manufactures are brought to such perfection in Great Britain, that they could not be affected by any foreign competition, and therefore do not require any protecting duties. The fact of the existence of protecting duties on all, and even prohibitory duties on some of the particular articles of those branches, was too wcU known to have escaped such a profound writer as Lowe. ' ' * - t Holt's Administration of the affairs of Great Britain and Ireland, p. 115, « • r ( X ) The raw material of the silk manufacture, in 1822, cost 1,000,000/.* or 84,500,000, leaving a clear national gain, on the labour of 40,000 persons, of 841,500,000, to be divided among the government, the capitalists, and the work people. Thus the surplus of the labours of 40,000 silk manufacturers would pay for above four-fifths of the surplus of the labours of 10,500,000 persons in the United States, and, deducting cotton from our exports, fifty per cent, more than the sur- plus of the labours of 9,850,000 ! Was this great national benefit produced "in spite of the restrictive system?" I now come to the most magnificent result of profound policy that the world has ever exhibited, which, if strong facts and fair deductions were allowed to have their duo weight, would set this question at rest forever — I mean the cotton manufacture of Great Britain. Of cotton, like silk, England does not produce a pound. Although we are gravely informed that the « cotton ma- nufacture received no protection by duty," it is a fact that printed calicoes: from beyond the Cape of Good Hope have been prohibited altogether in Great Britain for more than a century. The prohibition remains in the existing tariff, and is enforced by a heavy penalty :— • «* Calicoes, painted, stained, or dyed, in Persia, China, or East India, shall "not be worn or used in this kingdom." And further: " All such goods, " whether mixed, sewed, or made up together for sale with any other goods, " shall be forfeited, and the person in whose custody, knowing thereof, the " same shall be found, or that shall dispose thereof, shall forfeit 200/.'* In the tariff which was in operation in 1818, the duty on cotton goods, not otherwise enumerated, was 85A per cent. The duty on such printed cottons, as are not prohibited, is at present 75^ and on plain white cottons 67 per cent. The cotton manufacture, protected by bounties, prohibi- tions, and proliibitory duties, or " restrictions on trade^^^ has, within the last 25 years, made wonderful progress. The average mpor/a^i07i of cotton, for 10 years, from 1799 to 1808, inclusive, was - - - . - ^6s. 56,780,950 From 1809 to 1816 - ^ -^ . >• •- ■, r 86,019,540 In 1821 . - . .' . . . 129,013,000 Of the quantity imported^ a considerable portion was re-ex- , • Holt's Administration, p. 98. ( « ) ported, probably 10 per cent. But 1 have no means of ar- riving at prerision. The consumption in 182S, was 533,420 bales, , at about 275 lbs. to the bale, equal to lbs. 144,290,000 In 1811, according to Colquhoun, the amount of the ma- nufacture was 29,000,000/.— or S 130,500,000. In the year 1823, it amounted, according to a statement in parliament by Mr. Huskisson, to 54,000,000/. or S 243,000.000. Thus has this important matiufarture been nearly trebled in about twenty years— and increased 50 per cent, in less than ten years. Has this noble industry arrived at its pre- sent state, « in spite of the restrictions on trade I" The an swer is unequivocally in the negative. When it was first in- troduced into Great Britain, the East India article could be afforded for less than a third of the price of the domestic ,• and, had Its importation been permitted, the British manufacturer could never have competed with the Asiatic. It remains to present a synopsis of the actual state of this mighty branch of industry, which affords more solid wealth to Great Britain than any nation ever derived from one source — • I. It employs 500,000 families, averaging four persons to each, or a seventh part of the population of the nation. II. The export of the manufacture is about 22,000,000/ equal to about 899,000,000. . . • ^ , . III. The domestic consumption is about 32,000,000/. eaual to 8144,000,000. ■ • • ^ IV. It employs a capital of above 30,000,000/. or S 135 000,000. 1 ^ V ... '" I fondly hope, that, a calm review of these facts, will satisfy every candid reader, that it is scarcely possible to conceive of a more radical or enormous error, than the one so confi- dently promulgated in the Philadelphia Memorial, of the in- jurious effects, produced on the prosperity of Great Britain, by the restrictive system, and that her transcendent power and greatness can be as fairly traced to that system as the cheering light that illumines our globe can be traced to the Jcneficent operation of the resplendent orb of day rising in all his glory. , .?■ In this question I never had, nor have I now, any per- \ 4 -' * / •■( < ■ ri 1 ( xii ) sonal interest. I am neither farmer, planter, mechanic, manufacturer, merchant, nor trader. I never was affected, except in common with the community at large, by the pernicious effects of our withering policy— and, having arriv- ed at that period of existence, when « Life can little more supply, " Than just to look about us, and to die," I fondly hope, that, duly weighing those circumstances, I can- not be suspected of any sinister motive. I am reckless of the criticisms, however severe, and how- ever merited, which may be passed on the style, or manner, or arrangement of this little work, of which it may be truly said : res negat ornarij contenta doceri. In discussions of such important subjects, those are considerations wholly unim- portant. Errors in point of fact, may perhaps have escaped me — but none intentional, and I hope, if any, none important. Some of my deductions may be perhaps strained too far— as frequently occurs with those who enter ardently into the defence of a cause. The reader will therefore do well to subject them to a severe ordeal. There is one point adverted to in the body of the address, on which I wish to bestow a few lines here. It is the repe- tition of arguments heretofore frequently adduced. This is unavoidable. The arguments opposed to the protection of manufactures, viz. the danger of smuggling — the demorali- zation of manufacturing establishments — the destruction of commerce and navigation, &c. &c. &c. have been brought forward repeatedly from day to day in speeches, paragraphs, essays, resolutions and memorials. Some of them, during the last session of congress, have been placed before the pub- lic eye one hundred and fifty times. Of about twenty me- morials, forty speeches, and above a hundred essays and paragraphs on this subject, there was scarcely one that did not contain a denunciation of the horrors of smuggling — the oppression of •< taxing the many for the benefit of few," &c. &c. When old arguments are thus unceasingly reiterated to satiety on one side, can the other be justly debarred from re- butting them by old replies? -/ • ADDRESS, ^c. Jvly 26ih, 1824. M. C. Friends and Fellow Citizens^ WHEN I undertook to deliver this address, it was not with an idea of suggesting any improvements in agricultural • implements— any new species of manures— any rules for the time or manner of sowing, ploughing, or mowing or for the cultivation of any exotics likely to benefit the farmer. On all these points, I freely confess myself incompetent to descant. My experience and skill in farming are both very limited. Moreover, such details are rendered less essential by the learned and elaborate discourses of some of my - predecessors in this career, who have united deep research and long experience with sound and rational theories, the only sure grounds in the enquiry after truth. But I deceive myself greatly, if the points to which I wish to direct your attention be not of paramount importance to those subjects of investigation, however deeply interesting to the agriculturist. Their object is to lighten his labours and increase his crops — mine, to secure certain markets for what he does raise. Abstracted from the latter, the former greatly sinks in importance and value. Nature empties her cornucopia in vain, if, after the farmer has gone through his painful labours, he has to depend for a remuneration on a precarious market, liable to the fluctua- tions of demand and the ruinous reductions of price which have been experienced in this country three or four times within the last nine years. Before I proceed any further, let me observe, that I do not flatter myself, that I shall offer much novelty on this subject. It has been too frequently and too labori- ously investigated for some years past, to afford much hope of that kind of entertainment. Few novel ideas can be gleaned up on a subject which has occupied so much attention. But I am, nevertheless, not without a hope, thaf I shall be able to place it in some new and interesting points ,1' ' I i ( 10 ) . - of light, and to add some facts to the mass already elicited on this topic. At all events, steeringclear of those theories, the result of lively imaginations, which, wholly unsupported by experience, only « Lead to bewilder— and dazzle to blind/' I shall support every position I advance by solid, incon- trovertible facts, on which I challenge the most rigorous scrutiny. The grand object of this address is, to establish an iden- tity of interests between agriculture and manufactures — and the impossibility of inflicting a deep or lasting injury on the latter, without the former suffering severely. Hence I shall endeavour to prove — I. That the farming interest has not experienced its due share of protection from the government. II. That the domestic market for the productions of our agriculture is greatly superior to the foreign. III. That, with the exception of cotton, the exports of our staples have generally diminished in quantity as well as in value since the infancy of our government, notwithstanding the unprecedented increase of our population. , . , . IV. That the flattering accounts so confidently published to the world, of our very extraordinary prosperity, are wholly erroneous ; as intense distress pervades large and im- portant sections of the country. V. That our present policy operates most destructively on our farmers, by diminishing the number of their cus- tomers, and increasing that of their competitors, and to an extent, which, without careful examination, appears incredi- ble. ' VI. That nothing can be more fallacious in point of rea- soning, or more pernicious in its effects, when adopted as a system, than the idea so confidently held out, that the protection of manufactures would operate injuriously on the farmers. VII. That the protection of manufactures would be bene- ficial not only to agriculture but to the commercial interest, and even to the British merchants and manufacturers. I shall then endeavour to obviate some of the most pre- valent and popular objections to the legislative protection of manufactures. I. Neglect of protecting the farming' interest of the United States, My first position is, that the interests of the farming portion of the community have not received from the go- vernment that degree of attention and protection, to which, from their importance, and the great number of that des- cription of our citizens, they are entitled. Bread-stuffs, the chief articles produced by this class, have been for about seven years excluded from domestic con- sumption by nearly all the nations of Europe. During all this time, our government, on which they have a valid and indefeasible claim for protection and support, has never made the slightest eflfort, by retaliation or otherwise, to force those nations to abandon this system, and to receive in payment for their manufactures those articles which con- stitute the main dependence of one-half of our entire po- pulation, whose interests are thus sacrificed by the ex- isting policy, which operates as the bane of the grain- growing states. Nor has the government made any eflfort to create a domestic market for the produce thus rejected abroad, a most imperious duty, of which the dereliction is unsusceptible of justification. On the contrary, the opera- tion of our system, as shall appear under its proper head, has been uniformly and steadily to circumscribe the do- mestic market. The deleterious eflfect of the exclusion of our bread-stuflfs on the farming interest may be perceived by the following statement. The British ports were closed against them in Nov. 1817. The occlusion reduced the value and the quan- tity of our exports of flour most ruinously. ( 12 ) Exports of flour from the United States, i^c 404,679 Manufactures Proceeds of the sea Uncertain Total ■ 15,4ir,445 2,357,527 « 1,658,224 994,020 $47,155,408 Thus the following facts appear : 1. That the foreign is not one-fourth of the domestic market. 2. That three-fifths of our exports are raw materials, im- penously necessary for the employment of the subjects of the nations by which they are received. 3. That the farmers, properly so called, (in contradistinc tion to the cotton and tobacco planters,) who comprise about r,000,000 of our population, have little or no interest in our foreign markets, beyond S 15,41 r,445, or about S 2.20 per head— whereas they are interested in the do- mestic market to the amount of above jg 190,000 000 or about 827 per head. > > ' These calculations do not pretend to critical exactness vyhich in this case is unattainable— but that they are substan* tially correct, and that no modification or alteration of which they may be susceptible, can materially affect the deduc tions from them, I feel perfect confidence. , - — ^ III. Diminution of our exports. The period for fourteen years immediately preceding the year 1789, had paralized the industry of the nation, exhaust- ¥**^ ( 18 ) ed its resources, and arrested it in its career to prosperity. From 1775 to 1782, hostilities had overspread the land, with all the usual characteristics of horror and devasta- tion which accompany civil wars. From 1782 to 1789, when the new constitution went into operation, a peace, more deleterious, if possible, than war itself, succeeded. Immense importations, far beyond the value of the surplus produce of the country, had taken place, and spread impo- verishment and distress throughout the nation. The specie, of which immense sums had been imported during the war, in the shape of foreign loans, and funds to pay the armies of G. Britain and France, was exported in 1 783, 4, and 5, to pay for the manufactures of Europe and Asia.^ Our own manu- factures were crushed, and our manufacturers ruined. The importers and merchants generally underwent the same fate, and the farmers followed in their train. The major part of our citizens were in debt, and few had the means of payment.* To rescue them from impending destruction, paper money was emitted — tender and instalment laws enacted — the proceedings of the Courts of Common Pleas arrested — and the pillars of society shaken ; for a most se- rious insurrection, the consequence of general distress, succeeded, which, by the want of talent and energy on the part of the insurgents, and the promptitude and patriot- ism of the friends of order, was prevented from overthrow- ing the government, and giving the reins to anarchy and despotism. Such were the bitter fruits of uncontrolled im- portations at an early period of our history. This is a brief sketch of the melancholy state of affairs, previous to the year 1790, which I propose to compare with the year 1823. In the former year, the nation was in its in- fancy, recovering from the calamities of the preceding period of fourteen years. Peace reigned in Europe and the West Indies. We enjoyed none of those dazzling, but delu- sive advantages which the subsequent revolutionary wars conferred on us. The year 1 823 was preceded by eight years of profound peace, superabundant harvests, and the enjoy- : ( 19 ) ment of every natural, moral, and political advantage, which a great statesman, in the widest range of his fancy, could require, to insure the highest degree of prosperity and happiness, national and individual, of which, in this sublunary state, we are susceptible. The latter year, there- fore, ought to exhibit a transcendent superiority over the former. How lamentably errone v ; ich a calculation would be, will appear from the foUowiL^ appalling picture. Exports of our chief staples, except cotton, in the years 1790 and 1823. 1790. 182o. Increase. Decrease. 1 Flour - Wheat . Indian Corn - Rice Shing-les Tobacco Tar and Pitch Staves & heading Indigfo - barrels bushels busliels tierces No. hhds. barrels feet lbs. 724,623 1,124,456 2,102,137 100,845 67,331,115 118,460 93,942 36,402,301 612,119 756,702 4,272 749,034 101,365 40,383,000 99,009 45.032 18,677,000 2.990 32,079 520 • • t • 1,120,184 1,353,103 26,948,115 19.451 48,910 17,725,301 609,129 ^■'^ -1» f -^Sce note C. ^sce note D. In the year 1790 our population was 3,929,326. It is at present about 10,500,000— being an increase of about 165 per cent. According to all rational calculations, there ought to be a great increase in the exportable surpluses of our great staples ; as a family of ten persons ought to produce 150 per cent, more than one of four. But it appears, on the contrary, that far from advancing, we have greatly re- trograded, having exported in 1823, far less wheat. In- dian corn, shingles, pitch and tar, staves and heading, and indigo — and also less tobacco than we did in 1790. There is a small increase in the export of flour and rice. This is a truly mortifying view, and contrasts strongly with the florid descriptions of our great and growing prosperity, on which, to serve the purposes of the moment, our orators descant so eloquently. As there was no discrimination made between our foreign and domestic exports at that period, I cannot state the diminution in value of the latter — but it must obviously be very considerable. The discrimination ^z± ( so ) ( SI ) begin in 1796, when our population was about 4,750,000. Our domestic exports in that year were $ 40,764,097, or about $ 8.50 per head. Last year they were g 47,155,408, or about 4.60 per head of our whole population. Here is a most lamentable falling off. But this is not the whole of the evil. In 1796, we exported only 6,108,729 lbs. of cotton, value about g 1,500,000 — whereas in 1823 we exported 173,723,270 lbs. value 820,445,520. The culti- vators of cotton in 1796, were probably about 20,000. They are now about 650,000. Deducting these numbers from the population, and the value of cotton from the exports, it will exhibit a falling off, which probably no nation has ever exceeded in the same space of time. 1796. Total population - 4,750,000 Engaged in cotton culture 20,000 Remain 4,730,000 Total exports Export of cotton $ 40,764,097 1,500,000 All other exports $ 39,264,097 1823. Total population • 10,500,000 Engaged in cotton culture 650,000 Remain 9,850,000 Total exports Export of cotton $ 47,155,408 20,445,520 All other exports $ 26,709,888 ,•^ Thus, that part of our population not engaged in the cul- ture of cotton, exported in 1796 at the rate of g 8-^%% per head — whereas last year, they exported only S 2yV^. Ponder well, my fellow citizens, on this astounding fact, which, alone, would be sufficient to seal the condemnation of the withering system we pursue. ., . To add to the distress and mortification arising from this view of our affairs, it is to be observed, that reduced as is the quantity of our exports, the foreign markets are almost every where glutted with them. The accounts received from the West Indies, South America, and Gibraltar, state that our flour is often sold for the mere cost, losing all the charges. The quantity of our tobacco in Europe at the close of the last year was 75,000 hhds. being 10,000 more than one year's consumption.* In Great Britain there were about 31,000 hhds. although the annual consumption is only 14,000. The stock in Amsterdam was 14,186 hhds. whereas the last year's consumption was only 10,353. The stock of Uni* ted States cotton on hands in London, Liverpool, and Glas- gow, at the close of last year was 199,745 bales, whereas the consumption of the year, was only 331,800 — thus there was on hands nearly eight months consumption. It is not therefore wonderful, that the prices of those staples are so perniciously reduced, as the production so constantly keeps ahead of the consumption. It is worthy of notice that though the annual consumption of our tobacco in Eu- rope, is only about 65,000 hhds. our export last year was no less than 99,009 I^ How immensely different our policy from that of the Dutch in " olden time !" Whenever the crop of spices was too abundant for the demand, they de- stroyed the surplus, to prevent reduction of prices .^ Where- as the uniform tendency of our policy is to increase pro- duction, without any chance of increasing consumption. This important subject cannot be too minutely investi- gated, as a correct view of it cannot fail to have a powerful bearing on the welfare and happiness of this nation. I will therefore submit a comparison of the relative situation of the United States and Great Britain as regards population and domestic exports. . ^ / DOMESTIC EXPORTS. - *'V« ' v ^ British. ' American. 1796. Z. 19,102,220 = $85,954,990- - - . $40,764,097 • .- . $48,492,658 • 7i ' 1822. i. 43,558,490 = $196,013,925 - POPULATION. British, American, * • ' 1796. 11,000,000 4,750,000 '•* 1822. 14,000,000 10,500,000 . ^ EXPORTS PER HEAD. British. ;,, .\ ^ Jmerican. 1796. $7.75 -' . . ^ : * . ^8.58 1822. 14 45Q ' See note E. ' See note F. • See note G. M'^: ( SS ) It is impossible to avoid being struck with this appalling view of our affairs, which must make the heart ache of e very- man possessed of true American feeling. Our domestic ex- ports in 1796 were 10 per cent, more per head than those of Great Britain. They are now 66 per cent, less! The amount of exports, ("notwithstanding the wonderful aug- mentation in the article of cotton,) has not increased 20 per cent, although our population has increased 120 per cent.! Our system is an incubus, which, squatting over the bounties and blessings of nature, paralizes and smothers the national energies. While Great Britain, after an exhausting warfare, of unexampled expendi- ture, and labouring under immense disadvantages, has nearly doubled her exports per head, we have decreased ours, to little more than fifty percent, of what'they were in 1796! And let it be observed, that the diminution is as well in the quantity as in the market value ! Having compared the domestic exports and population of the United States with those of Great Britain, I shall add a comparison with those of Ireland, one of the most ill- governed and wretched countries in Europe. In the year ending Jan. 5, 1823, with a population of 7,000,000, her domestic exports were no less than the value of ;^6,771,796 Irish, equal to §27,128,900, being more than the domestic exports, during last year, of Maine, New Hampshire, Mas- sachusetts, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, Ohio, Kentucky, Tennessee, and all those parts of the other states not engaged in the culture of cotton, containing at least 9,850,000 people, wholly free from tithes, and almost from taxes and rents, with land in fee simple in many places for less than the tithes in Ireland ! Her exports were at the rate of S 3.87 per head— while those of the states specified were, as we have seen, only S 2.71 ! Her export of linen, almost wholly the production of Ulster, containing only about 2,000,000 of souls, was 811,900,050, being very near- ly half that of those states, and more than a fourth part of our total exports. * Again. In 1818, the manufacture of cottons in the citv ( 23 ) and neighbourhood of Glasgow, with a population of about 200,000 mhabitants, was ^5,200,000, equal to g 23,000,000, one-half of which was exported.^ Thus the exports of 200 - 000 people in Scotland, of the single article of cotton goods exclusive of all the rest of their productions, were above two-fifths of those of 9,850,000 people in the United States • And there is not the least doubt but they have greatly in- creased since the year 1818. IV. State of the Nation. We have been stunned with reiterated assertions of the very extraordinary and unparalleled prosperity of this coun- Z '' A '7''"' °^.^ ''^^ ^^"'■^"S opposing facts, there are thousands of our c.t.zens who implicitly believe those asser- l^' ? t f"^ *"■"'•" ^°*^""S '^ '"^r*^ pernicious to a patient, whether a nation or an individual, when labouring ro\r/rT.' ^^''T^'r' *^"" " ^^"•^^ °^ *he existence of robust health-and the more morbid the state, the greater the danger of the error This point, therefore, demands a severe scrutiny, which, although an ungracious office I venture to undertake, because a serious conviction of dis- rTmedie? """"^'"^ preliminary to the application of any I do not pretend that distress'or suffering is universal In no country, even in Turkey, Poland, or Ireland, is that the case. And with the immense advantages the 'un ted States enjoy, the worst form of government ever devised and the most grinding administration, could not nre' vent large portions of our citizens from being prosperous. All I contend for is, that entire sections of the country, and entire classes of our citizens, suffer intense distress-ldis- tress which, under our very favourable circumstances, no- thing but an unwise policy could inflict. ' 1 shall call in as evidences, gentlemen hostile to the po- cy I advocate, to whom, of course, its enemies cannot ob- JCLl— — Mr. Tatnall, in his never-to-be-forgotten tirade against ^ See note H. »^See note I. *rtt' ill' 1 I (I (C ( g4 ) the tariff, stated that ^^ poverty was wearing Georgia to the ''bone:' Mr. Garnet, in drawing a picture of the situation of Vir- ginia, stated that " its population is driven into distant lands j *' and reduced to beggary^^and that desolation is spread over '' the country :' Mr. Macon in congress stated the distress of North Ca- rolina, as not unlike that of Virginia. A memorial of the citizens of Charleston, lately present- ed to congress, gives a most melancholy picture of the si- tuation of South Carolina— ** The effects produced'* [by the reduction of the price of cotton] " are deplorable in the extreme. Property of all kinds is depreciated beyond example, A feeling of gloomy despondence is beginning to prevail every "where in the "lower country. ESTATES ARE SACRIFICED TO PAY THE LAST «« INSTALMENTS ON THE BONDS GIVEN FOR THE PURCHASE •* MONEY. J^obody seems disposed to buy, -what evei^ body is anxious to sell, " at any price.^' There is no part of the world which enjoys greater na- tural advantages than Louisiana. Yet she undergoes her full portion of the distress and suffering inflicted on her sister states, by our mistaken policy. According to the declaration in congress of J. S. Johnson, Esq. one of her representa- tives, she is " struggling with her debts — loss of crops — -Jail of prices — and depreciation of property ^^ To relieve her citizens from their intense distresses, she has recently in- corporated a bank, with a capital of S 4,000,000. It has five branches, each with a capital of 8200,000 dollars. A large portion of the loans are understood to be intended for the accommodation of planters as well as merchants. It may be said, that " the loss of crops ^^ has no connexion with the policy of our government. This I admit. But " the loss ofcrops^' would have raised, instead " of reducing prices," but for the excess of production over demand, which is the obvious consequence of that policy. I might here close the account as regards the southern section of the union. These statements settle the question beyond cavil. But I cannot refrain from citing one more unimpeachable authority respecting the state of that por- tion of the nation. Mr. Carter, one of the representatives of the state of ( 25 ) South Carolina, drew the following heart-rending portrait of the situation of the six most southern states :— -The prostration of their foreign markets has spread over the face of ^^ the south a general pervading gloom. In all that region -which stretches it. ^^ self from the shores of the Potomac to the Gulf of Mexico, where all the arts of ^^ ctviltzed life once triumphed, the arm of industry is no-w paralized. Large and ^^ ample estates, once the seats of opulence, which supported their proprietors in affluence and comfort, are now thrown out to waste and decay.** Here we are on the horns of a dilemma. Either those gentlemen, whose names are given, have been guilty, in the face of the world, of stating downright falsehoods, to deceive congress and the entire nation— which cannot for a moment be supposed— or else the assertions of the great prosperity of the country are utterly destitute of founda- tion. The states embraced in Mr. Carter's declaration, with Kentucky and Tennessee, both in nearly the same situation, embraced in 1820 about 3,500,000 souls, being ' above one-third of the entire population of the nation. • And I presume it would not be more preposterous to assert that an individual, who laboured under a pulmonary con- sumption, a cancer in his breast, or a desperate liver com- • plaint, was in a high state of health, than that a nation en- joyed a state of solid prosperity, of which one-third was m the deplorable condition depicted by Mr. Carter, even if no distress or suffering existed elsewhere, which is very far indeed from being the case, as I am prepared to prove. There are in the city of Philadelphia about rooo females, many of them widows and orphans of persons formerly in a high degree of prosperity, who are obliged to work as seamstresses and tayloresses, of whom the most skilful, unencumbered with children, cannot earn more than a quarter dollar per day, and those with children, or unskilful, not more than from 75 cents to one dollar per week.^^ There are in the same city about 3800 paupers, 1500 in the alms- house, and 2300 supported at their dwellings, of whom one- . third are able and willing to work, but cannot procure em- ployment. In the city of New York, there are, according to a report recently laid before the legislature 9,500 pau- " See note K. 4 , *i .■■ I • % J ( 26 ) pers, of whom one-sixth are permanent. It is more than probable that above one-third of the whole, particularly of the females, are able and willing to work, if they could procure employment. In the state, there are 22,111 paupers, of whom 6,896 are permanent. For the suffering state of navigation and commerce, I re- fer to the speech of Mr. Webster, as originally reported**— to the statement in the Memorial of the Chamber of Com- merce of Philadelphia^^— and to the Memorial of the Direc- tors of the Philadelphia Bank.** Manufactures, except those of coarse yarns and cotton, are greatly depressed. One-half of the establishments for the manufacture of woollen goods, throughout Massachusetts, Rhode Island, and Pennsylvania are closed — and many of the proprietors ruined.^* For the situation of a large portion of the farming inte- rest, I refer to the following statement, extracted from a memorial of the farmers of Rensselaer County, N. Y. « There is, at this time, and there has been for several years, an over-sup- **ply of the products of agncuUure-^they have glutted the markets of the ivorld. « This want of a foreign market has not been supplied at hornet for our own « producers have increased in a far greater ratio than our consumers, and "the consequences have been, in this part of the country, a universal de^ ^'pression of prices, depreciation of the value of land, a sluggish circulation, gene- "ral embarrassment, frequent sheriffs^ sales, and nan." Mr. Clay has stated the melancholy and indubitable fact, that " farmers have successive unthrashed crops of grain^ '''perishing in their barns for want of a market:' Mr. Carter, of South Carolina, drew an appalling picture of the situation of the farming interest in the middle states, with which I shall close these melancholy views :— "The farmer of the grain-growing states will tell you, that he has large • annual surpluses of grain, -rohich I^ is doomed year after year to see rot and J^sh on his hands; that it is to no purpose that he applies himself to the dihgent cultivation of a fruitful soil; that each return of autumn finds his barns filled, to overflowing, with abundance, but that it is all useless, nay. worse than useless to him : for his well-stored barns stand continually be- fore h.s eyes as tormenting memorials of his labours fn^strated, andthe boun- « n J it'tf rrr'"''''^ ""'''^- "' ""'^ ^^P^^^^"^ ^''' ^^b°"^« ^« equal, ing, in their fertility and vexatious disappointment, the fabled toUs of Sy. »2 See note L. > disappoi '3 See note M. " See note N. Sy. " See note 0. «. •• ( S7 ) « sJphus himself. TH£ DEPLORABLE ACCURACY OF SUCH A PIC " TURR WILL NOT BE DISPUTED.'* Who can reflect on such a horrible state of affairs in a country so transcendently blest as this is, without sigh- mg over the impolicy of our national councils— which, from a blind and illiberal jealousy of the manufactu' rers and mechanics, comprising one-seventh part of our entire population, and one-fourth part of the population of the states from Maine to Maryland inclusive, withers and blights and blasts the choicest bounties of nature ! It may be fairly questioned, whether there ever was a na- tion, possessed of half the advantages we enjoy, that ex- hibited such scenes as are here depicted by Mr. Tatnall, Mr. Garnet, and Mr. Carter, without war, famine, or pes-' tilence. It is to be hoped that until a radical change takes place in the affairs of the country, we shall never again be mocked with the very erroneous statements of na- tional prosperity, which, in the broad, unqualified sense assumed by our writers and orators, are mere " waking •* dreams^"' calculated, by throwing a veil over the disor* dered state of our affairs, to prevent any attempt at relief. Few of our statesmen take an enlarged and comprehen- sive view of the state of the country. They cast their eyes on particular spots, from which they undertake to infer the situation of the whole. One sees a high degree of pros- perity in New York— another in Boston— and a third in Rhode Island — and hence they pronounce with confidence on the whole of the United States. A member of the se- nate, deeply interested in the Waltham Factory, and know- ing that it has divided 25 per cent, per annum, hence as- serted that the manufacturers were " the most thriving and "prosperous part of the community." Whereas, in his own neighbourhood, bankruptcy had swallowed up a large por- tion of the woollen manufacturers, and the remainder were in the most depressed state. It is needless to com- ment on the radical errors of such a mode of reasoning, - and the ruinous consequences that must arise from predi- cating on it a scheme of policy for a great and rising nation. Among the melancholy facts with which our annals > . r I )l ' i ( S8 ) abound, proving the paralizing and destructive tendency of our policy, there is none speaks in plainer language, than the records of the land office. Immense sales had been made of the western lands, on credit. The balance due on the 30th of March, 1820, was no less than §21,908,099, above one-fifth part of the national debt. Such were the impoverishment and distress of the western country, that , the purchasers were wholly unable to pay the instalments, • as they became due. It would have been dangerous in the suffering state of that country, to have attempted to en- force payment. To relieve the delinquents, an act was passed, bearing the above date, which repealed the clause of the original act, whereby a failure of the payment of any instalment, as it became due, incurred a forfeiture of the previous instalments. This act was to be in force for one year, at the expiration of which time, the purchasers la- boured under equal difficulty. There being no prospect of a change in the affairs of the western world, an act was passed, March 2, 1821, authorizing the delinquent pur- chasers to surrender such portions of the land as they might judge proper — relinquishing all claim to the interest that had accrued — and reducing the price of public lands in future, from two dollars on credit, to one dollar twenty- five cents cash. For those who did not choose to relin- quish their lands, the periods of payment were prolonged to four, six, and eight years. The sum, of which the pay- ment is thus postponed till 1829, is no less than g 6,257,480 ! There were 2,132,881 acres relinquished, on which was due, S 7,981,940, being above eighteen months interest on the na- tional debt! It is easy to calculate the extent of the injury sustained by the government by these operations, the ob- vious result of our system. The loss by the reduction of the price of the lands alone, is equal to the whole of our national debt. And this reduction has proportionably di- minished the value of all the lands in the western country. V. Pernicious operation of our present policy upon the agri- cultural interest. Excessive importations ofmanufactures, sold at auction at reduced prices, whereby our markets are glutted, and our ( S9 ) citizens deprived of sale for their productions, or obliged to sell them at or below cost, are circumstances of frequent oc- currence, and have been from the commencement of our go- vernment. That in consequence great numbers of our manu- facturers have been bankrupted, and have therefore betaken themselves to farming, is too well known to require detail. This operates as a two-edged sword on agriculture, which is thereby not only deprived of so many customers, for food, drink, and raw materials— but finds those customers converted into rivals, who increase the quantity of pro- duce, diminish the number of purchasers, and of course lower the prices. A favourite doctrine with our statesmen for thirty-five years, has been to buy abroad what could be had cheaper than at home, regardless of the ruin thus entailed on the manufac- turers. Whenever this class made application to congress for relief, they were told to " go back;' meaning to the west- ern wilds. This was a panacea for all their evils. In consequence of this system, thus forcing our citizens to abandon their regular avocations and devote themselves to the culture of the soil, there is probably a greater pro- portion of our citizens agriculturists, than of any other nation in the civilized world. This is the root of all the evils of the country, as it destroys the proper distribution of labour, the grand secret to promote national prosperity. Ac- cording to the late census, 83 per cent, of our population is engaged in agriculture. Whereas in Great Britain there are but Z3. About fifty years since, the proportion in that country was 50 per cent. Were all the markets in the world open to our produce, as ours are to the manufactures of all the world, we should not feel the injury of this system very seriously— although even in that case we should carry on a disadvantageous com- merce ; as we should give the labour of 5, 6, 7, and in some instances 10 agriculturists for that of 2 or 3 men or wo- men, and in some cases of boys or girls, as will appear in the sequel. But under the limitations and restrictions to which our commerce is at present subjected, the system is destruc- tive to individual prosperity and happiness, and to national wealth, power, and resources." r> /» y •• ( 30 ) Although the pernicious effect on agriculture, of thus dimi- nishing the number of its customers and increasing that of its rivals, is too plain and self evident, to require to be bolstered up by any great names, yet it may not be impro- per to support it by an authority to which neither Mr. Barbour, Mr. Garnet, Mr. Webster, nor Col. Taylor can object — an authority on which our leading politicians place the most implicit reliance. I mean Adam Smith, who pronounces as strong a sentence of condemnation on our policy as Dr. Franklin or Alexander Hamilton : — " Whatever tends to diminish in any country the number of artificers and ma- " nufacturers, tends to diminish the home maket, the most important of all markets **for the rude produce of the land; and thereby still further to discourage agri- '* culture!'* This maxim, which, for this country, is worth all the rest of the doctor's work — but which, by the way, is diametri- cally opposed to nearly all its other leading maxims, is not adduced here because it is the dictum of Adam Smith — nor to turn the tables on the opposers of the doctrines herein advocated, who, I repeat, regard that writer as oracular — but because it is founded in reason and com- mon sense, and consonant with the universal practice of mankind, except that of the agriculturists of the United States, who alone pursue a system calculated to diminish the number of their customers. Among all other classes and descriptions of men, an increase of the number of rivals and a decrease of supporters, are dreaded as severe evils. A lawyer, a doctor, a merchant, or a tradesman, who pursued a system calculated to produce this effect, would be regard- ed as insane. Why should a procedure, partaking in this case, of folly and madness, be wisdom as applied to the great class of agriculturists? It is difficult, indeed impossible, to ascertain the number of persons originally brought up to the various branches of manufactures and the mechanic arts, who have been re- luctantly driven to the cultivation of the soil, by the want of a market for their productions. But as the system has been steadily in operation for about thirty-five years, it cannot be extravagant to assume that there are 70,000 families, manufacturers or descendants of manufacturers, ( 31 ) natives and immigrants, thus circumstanced, averagine three to each, or above 200,000 persons. That this calculation is not materially wrong, will satis- factonly appear from the fact, that in%he single ci rof Philadelphia, u was ascertained in 1819, that in thirty,^ou been r" T'f ° manufactures, 772, work-peop L had been deprived of employment from the year 1816. In the remaining twenty-six, there were probably as many-but say only half_it would amount in that short space of time and n one city, to above 11,000, many of them with laT.e families. At the same period, thousands were thrown out of eretrrrv^h '°.':/^''"'' ^"^^ ^^^^ -""^-^ - -^ot every part of the middle and eastern states. Of these a very large portion devoted themselves to field labour, as afford^ mg the only opening for their industry. It will shed some light on the effect produced by thus converting manufacturers into farmers, to state th!! which would be produced by the contrary' operat on i c recalling back to manufactures some of those who hav; been driven from those pursuits to agriculture . .inT/*/*"- "^ ?''?°"''' representative from the state of Vir- ginia during the last session of congress, supposed a case on^wh.h_he predicated what he regarded as^a' triumphal; " BER afford to the asricuUuri>t, ?» ' ™'^ ^^^^ ^UM- That Mr. Barbour must have considered the effect tri- fl.ng and unimportant, is obvious. His question was re duced from the pernicious consequences said to result fmm compeihng manufacturers to become agriculturists td a" hit d! ""';?"'""' ^^'''^""' '"^^^ '"^^ possession of as well h^ V ""' '''^"'^' """'•^^ '« 'his gentleman, as well by his opponents as his supporters, does not neces °Uing s tatt ' " ' --agement of the affairs of a .f I ( 33 ) Instead of 100,000 farmers, converted into manufactu- rers, according to the supposition of Mr. Barbour, I shall only assume 25,000, and, confining myself to the culture of wheat and corn, investigate the effect it would produce on our agricultural surpluses. By an estimate, carefully made, which I lately pub- lished, it appears that ten men employed in field labour, can cultivate 300 acres of land, half in wheat and half in corn. At 24 bushels of the latter, and 12 of the former, per acre, they produce 1800 bushels of the one, and 3600 of the other. Deducting for their own consumption, for «eed, and for horse feed, 225 bushels of wheat, and 1600 bushels of corn, leaves a surplus of 15T5 bushels of wheat and 2000 bushels of corn — To ascertain the proceeds of the labours of 25,000 per- sons, according to this rate, requires only a simple arith- metical process — As 10 • • S ^^''^ bushels of wheat") . «,. ^^^ c 3,937,500 bushels of wheat A^^^'- i 2000 corn j ' ^5,000 : ^ 5^000,000 corn The wheat is equivalent to 787,500 barrels of flour. The average export of corn and flour for the last two years, was, 629,066 bushels of the former, and 792,288 bar- rels of the latter. Thus we see that the proceeds of the la- bour of 25,000 men, (not 100,000, as stated by Mr. Bar- bour,) are nearly equal to the average export of our flour, and eight times as much as that of our Indian corn. A little reflection will satisfy every reader that the conversion of 25,- 000, or even 15,000 of those farmers into manufacturers, who have quitted manufactures for the culture of the soil, would, by diminishing the surplus for exportation, and increasing the domestic market, materially improve the condition of our farmers. And by a parity of reasoning, it is equally clear, that much of their sufferings must have been caused by the contrary process, which has been so long in opera- tion. The distress to the south, among the cotton and tobacco planters, may be traced to this source. By the undue in- crease of the class of farmers, and the consequent depres- sion of farming, many of them in various parts of the Uni- ( 33 ) ted States have been driven to tobacco planting—and, wher^ ever the climate is favourable for the culture of cotton far- mers have from year to year engaged in it. There is probably five times as much cotton raised in Virginia and North Carolina as there was six or seven years ago— and our sys- tem cannot fail to extend the cultivation. From this state of things, I repeat, arises the excess of production over consumption, of both those staples, and the consequent ' glut of the foreign markets, and reduction of prices. VI. J?adical error of the opinion that a full and complete pro- tection of manufactures would be injurious to the agricul- turists, by " taxing the many for the benefit of the few P As the preceding views sufficiently establish the perni- cious consequences to agriculture, of the depression of " manufactures, the subject might be dismissed as set- tled. But as lures have been held out to the agriculturists of great advantages resulting from the purchase of cheap foreign goods, it is well worth while to investigate this point, in order to dispel the mass of error with which the subject is enveloped. , , There is scarcely an opinion more generally prevalent, than this, that protecting or prohibitory duties on manu- factures operate as a " tax on the many," the agriculturists, for the benefit of the few," the manufacturers. Hence a large portion of the farmers, probably one-half, and nearly the whole of the cotton and tobacco planters, have been uni- ' formly opposed to them. That the advantage of purchasing cheap foreign goods' quality considered, is insignificant, and at all events only tem- porary, is capable of full demonstration: but if it were per- manent, it produces a great balance of evil. The question put in Its naked and correct form, stripped of the glare with which It IS surrounded, is, whether a large portion of one class of our citizens shall be ruined, and their workmen de- prived of employment, that another class may purchase certain articles a little cheaper than they otherwise would. To Illustrate this position, I take the case of the woollen manufacturers at present. Many of them, as I have stated, ! I r ( 34 ) have been ruined, and their establishments closed, in con- sequence of the importation of immense quantities of infe- rior goods, sacrificed at auction below cost, whereby our citizens were deprived of a market, or obliged to make si- milar sacrifices. Suppose by the reduction of the prices, that each individual in the community who consumed the foreign cloth, had saved five or even ten dollars, would it not be almost Herodian cruelty, to put the ruin of fellow citizens in one scale, and this paltry advantage in the other ? But even supposing the low prices to continue perma- nently, the advantage is all ideal. Of this, a comparison between the situation of the farming interest throughout the United States in 1814, and in 1819-20, affords full proof. In. the first year, manufactured articles were high but the farmers were generally prosperous, as they had proportionate prices for their produce — and were then better able to purchase than in the latter period, when manufac- tures were in many cases reduced one-half, but when the farmers throughout the middle states suffered the most intense distress, in consequence of the general impover- ishment, arising from the enormous importations of the preceding years. Throughout the world, with scarcely an exception, poverty and wretchedness are universal attendants on low prices. China, Italy, Poland, Spain, and ill-fated Ireland, are cases in point. In Ireland, labour and every article produced by it, are at the lowest possible rates. Labourers are hired for six, seven, and eight pence per day, equal to 12, 13, and 14 cents. Potatoes are about 5d, per 14 lb. Other articles are in the same proportion. Yet cheap as are pro- visions, clothing, &c. the people are more wretched there than in any other part of Europe. The United States and Great Britain are illustrations of a contrary character. Labour and its productions are high in both countries. But no man will deny the superiority of the mass of the population in point of comfort and happiness, over those of the other nations specified. I shall now endeavour to prove, that throughout a large ( 35 ) portion of our existence as a nation, our system made \ wanton sacrifice of the interests of the class for whose par- ticular benefit it was devised, and that it" taxed the many" domestic consumers, " for the benefit of the few" foreign manufacturers. The government was organized in 1789, from which time till 1810, a period of twenty-one years, the manufac- ture of cottons and woollens, and iron wares generally, was almost unknown in this country. Of course we depended upon foreign supplies almost altogether. There was no competition to check exorbitant prices. It is therefore highly probable that all the cotton and woollen goods and iron ware consumed in that period, to the amount of from 15 to S 20,000,000 per annum, cost the American consumer from 15 to 25 per cent, more than they would have done, had those manufactures been established here, and a proper competition preserved between the foreign and domestic manufacturer. The case of coarse cottons affords a powerful corroboration of this theory. The East India article was paltry and compa- ratively worthless. Yet it generally sold at about 25, 26, or 27 cents per yard, while there was no American competition. Prohibitory duties were enacted in 1816, and the prices, in consequence of competition, have fallen to 12, 13, and 14 cents, for an excellent article, twice as serviceable as the East India trash. Had the protection been extended to the manufacture in 1/89, the same result would have taken place at that time, which would have produced an immense saving to the farming interest. The annual importation was about 84,000,000. Of course the consumers paid about S 2,000,000 more than they otherwise would have done, had the manufacture been properly protected. These ob^ servations apply to all other manufactures, not established in the country, in which there is no rivalship. I have another strong case to present to my auditors, to prove the advantage to the agriculturists, of the success, and consequently of the protection, of manufactures. In the year 1821, the manufacture of cotton bagging was prostra- ted in Kentucky. The imported article was sold at New •/ i :H»ii I ( 36 ) Orleans throughout the year 1822, at from 40 to 50 cents per yard, or an average of 45 cents, although the price in Dundee was only 9d, a lOd, sterling. Towards the close of the year 1822, the manufacture was revived in Kentucky, and considerable supplies were forwarded to New Orleans. The competition reduced the price to little more than half In three prices current, now before me, of Dec. 27, 1823, and Jan. 31 and Feb. 7, 1824, the Scotch bagging is quoted at 22 a 26 cents, and Kentucky at 20 to 22, or an average for the former of 24 cents, being a reduction of about 21 cents per yard. Let it be distinctly observed, as having an important bearing on the subject, that the price in Dundee had not undergone any material alteration with- in the time embraced in these statements, and that, there- fore, the reduction of the price of the foreign article is solely owing to the competition of the domestic one. The quantity of cotton bagging used in the United States is about 3,300,000 yards per annum, which, during the year 1822, at 45 cents per yard, cost about S 1,485,000. The cost in 1823, at 24 cents, was about jg 792,000, making a differ- ence in favour of the cotton planters, in the latter year, of above g 690,000, arising, beyond the possibility of doubt, from the revival of the manufacture in Kentucky. Yet, strange and impolitic as it really is, every cotton planter in congress was violently opposed to the protection of manu- factures generally, and in a most especial manner to that of cotton bagging!!! From a full consideration of the effect of competition in the case of coarse cottons and cotton bagging, and in every case where any of our manufactures have been adequately protected, it may be pronounced as a general maxim, with scarcely an exception, that prohibitory duties, or even ab- solute prohibitions, provided their operation be prospec- tive, far from " taxing the many for the benefit of the few," by raising prices, never fail to produce reductions of price and constant supplies. On this subject, I shall call in the aid of Alexander Hamilton — « When a domestic manufacture has attained to perfection, and has en- "gaged in the prosecuUon of it, a competent number of persons, it iiiva- " riabUj becomes cheaper.^ • • The internal competition which takes place, ( 37 ) ^'soon does away every thing like monopoly; and by degrees veduceB th6 ''price of the article to the minimum of a reasonable profit on the capital employed '^ This accords with the reason of the thing, and with experience." I shall conclude this head with one more case of the in- jury inflicted by our policy on agriculture. In consequence of the commotions in Spain, great numbers of full-blooded Merinos were imported into this country in 1810, 1811, and 1812, and purchased by our far- mers at exorbitant prices. The breed was propagated to a great extent— and an adequate protection of the woollen manufacture would have rendered this speculation high- ly advantageous to the farmers. But, to avoid " tax- "ing the many for the benefit of the i^^,'' the woollen ma- nufacture was allowed to be prostrated in 18ir, 1818, and 1819, and thus not only the large capital, probably g 1,500,- 000, invested in Merinos, and half and quarter breeds, was nearly all sacrificed, but the farmers were deprived of a steady, increasing market for wool, which would have en- abled them to employ to advantage a portion of their lands, rendered useless by the prohibition of our bread-stuffs in nearly all parts of Europe, and produced them an annual income of probably from 2 to S 3,000,000. 1 • , - t VII. My seventh point is to prove that the protection of ma- nufactures would be beneficial not only to our merchants, but to the merchants and manufacturers of Great Britain/ On this point I shall be very brief, and barely sketch the outlines of the arguments, leaving the details to be filled up by my auditors. That our commerce is, and has been from the organization of the government, overdone, that is to say, that there have been at all times too many merchants for the com- merce of the country, is a truth of which no man of ob- servation or candour can for a moment doubt. This has arisen obviously from the non-establishment of a variety of manufactures, those, for instance, of cottons, woollens, iron ware, glass, china, &c. &c. in which, for want of ade- quate protection, our citizens were for a series of years un- II I ( 38 ) able to compete with foreign rivals ; and many of which, even at present, are in a sickly and drooping state, and some of the most important almost wholly unessayed in this country. Hundreds of young men, in every stage of our career, who would have been devoted to those branches, had they been ex- tensively carried on, have been placed in counting-houses, and become merchants, without the necessary friends, capi- tal, or talents for the profession. Hence there are probably as many shipping merchants in the United States as in Great Britain : scarcely a port in the country that has not a num- ber of them— and hence competition has almost always raised our staples too high in our markets— reduced them too low abroad by glutting the foreign markets— raised the prices of the return cargoes in the West Indies and else- where— and reduced the prices of those cargoes on their arrival in the United States. To these combined causes may be fairly ascribed the misfortunes and shipwreck of so large a portion of the merchants of this country, particu- larly during the wars of the French revolution, when, to speak within bounds, three-fourths of them became bank- rupts, notwithstanding we enjoyed a commerce without precedent in the annals of neutral nations. Adequate pro- tection of manufactures at present, would not only prevent a continuance of this inordinate increase, but induce some of our merchants to devote themselves to those branches, and thus reduce the number within bounds more commen- surate with our commerce— it would of course furnish em- ployment to some of the capital, which the limitation of that commerce stagnates— and, in addition, would afford an opening for the younger branches of the families of our merchants, whose parents at present find it extremely diffi- cult to devise occupations for them by which they may be enabled at a future day to support themselves. When I assert that the protection of manufactures would be beneficial to the manufacturers and merchants of Great Britain, it is not with a view of sporting a paradox. It is a position founded on the most mature consideration I can give the subject. ( 39 ) I trust I have proved that this country, generally speak- ing, IS in an impoverished state-and that its impoverish- ment arises from the impolicy of allowing our manufactures to be depressed, and the manufacturers to be driven to the' culture of the soil, whereby the production of our great sta- ples IS increased beyond the demand at home and abroad so as to depress the prices below a fair remuneration for the time, talent, and capital employed. An impoverished nation must curtail its expenses, and of course Us importations, within narrow limits. Luxiiries ZIZ thf'' "'r"'' ""°"°"d, except by the few who escape the general pressure. Many conveniences are in .ke manner given up; and, with the prudent, expenses are Z.L^f u'"'"' '°"'^°''^ '" °«"saries. The pay- ments of such a nation moreover must always be irregular and uncertain. Large losses will inevitably accrue ^ b'ank- «nfl*^t '°f '^'^ "^ prosperous nation purchases freely, no^merely of necessaries and conveniences, but, on a larg'l' scde, of luxuries, on which the profits of an exportiL nation are greater than on mere necessaries. If 0^0,- on woollen, and iron manufactures were adequately "l tected, so that we should import less of them, and keep our population profitably employed, circulation ^ould be bTk pTate"nirr°"''^ ''''''"'''''^ ^"^ °- ""Po^ation oj plate, plated ware, laces, merino shawls, girandoles, china Brussels carpets, &c. &c. would be doubled or treble^- and thus our total importations be greatly increased ween the present scale of expense of the citizens of the southern states, when. I repeat, according to Mr. Carter lye and ample estates, once the seats of opulence which ^PPor^e, their proprietors in affluence and coLfortX not thrown out to waste and decay r^^r.^ the scale former^ • and tobacco at Sl50 per hhd. and he will fully appre- ciate the soundness of these opinions. The proof of this theory is at hand-and is conclusive, bv •/-' , * s. » ' s \ < ' ( 40 ) a comparison of our consumption of fbfeign goods at two several periods. The imports of the United States in six years, from 1796 to 1801 inclusive, were - - . §507,052,69/ Re-exportations .... 217,596,598 Six years consumption Average - S 289,456,099^^ S 48,242,683 r Our population during that period averaged about 4,750,000. Of course our consumption of foreign goods, wares, and merchandise, averaged about ten dollars per head. Mark the contrast. Our imports for 1821, 1822, and 1823, were 8223,406,532 Re-exportations - - . . 71,132,312 Three years consumption Average S 152,274,220" S 50,758,073 Our population during the last period, probably averaged about 10,200,000. Our consumption of foreign articles, therefore, has been below five dollars per head, but little more than half what it was in the former period. Some re- duction, it must be allowed, has taken place of late in the prices of our imports, from what they commanded during the chief part of the wars of the French revolu- tion, when they rose extravagantly, in consequence of the excessive issues of paper money in Great Britain. But the great rise was subsequent to the first period from 1796 to 1801, in which years it was inconsiderable. But at all events, it bears no proportion to the very great reduction of the amount of our imports per capita. There is, however, another point of view in which to consider our relations with Great Britain, that is, as re-' »« Scybert, page 266. »7 Treasury returns. ( 41 ) 8jrds her goverament. On this I wish to offer a single observation If such a mighty power could regard this country with sentiments of jealousy, as likely at a future day to d.spute with her the trident of Neptune, as some of our enthusiastic citizens fondly believe, then the policy we pursue IS highly promotive of her views, and ought to be advocated by all her friends with zeal; as it wastes our re- sources, and impoverishes our citizens-and will in the same degree, at all future times, enfeeble us. But " self- poised as she is, with resources such as no nation ever before possessed and those resources likely, from the pro- found wisdom of her policy, to continue permanently, such leehngs and views are not supposable. I now proceed to reply to some of the most plausible and popular objections to the legislative protection of manufac tures. - »>. First objection— Demoralization. Among the objections to the protection of manufactures, their tendency to demoralization has held a conspicuous place, and, for want of reflexion, has had a pernicious in- fluence even on men of minds beyond the common level. And hence, thousands of young people, who, under a cor- rect po hey, might and would be profitablv employed for themselves and the community, in manufacturing establish- nients, are brought up in idleness, and exposed to the se- ductions of vice and crime, which always follow in the ^a.n of Idleness. Of the persons employed in the cotton 0 150,000, whose numbers might be greatly increased, two- hirds at least are young females, of whom half would be Jso utely or nearly idle, but for this branch of business. While thus employed, they contract habits of order, rcRu- lamy, and industry, which lay a broad and deep foun- • dation of public and private future usefulness. They ecome, as they arrive at a marriageable age, eligible partners for life for young men, to whom they will be able f ,t- •'-. . / ••< ( 43 ) t6 afford substantial aid in the support of families, a con- sideration which cannot fail to have due weight with those possessed of common prudence. Thus the inducements to early marriages, and the prospects of comfort and indepen- dence in that state, are greatly increased — the licentious- ness to which a life of celibacy is exposed, proportionably restrained— and immensely important effects produced on the welfare of society. Hence it is obvious that this objec- tion is wholly unfounded— and that the encouragement of manufactures, by stimulating and rewarding industry, has, on the contrary, a constant tendency to promote sound morals. It is the misfortune of this country, that most of our maxims on this and some other vital subjects, are derived from views of society and manners in Europe, wholly inap- plicable to our situation. Those views are partial and con- fined, even as they regard Europe, and are calculated to foster preconceived prejudices; for a broad and liberal investi- gation of the effect of manufactures in England, France, or Germany, would prove, beyond controversy, that their tendency is salutary even there, as they necessarily promote industry, which is one of the greatest preservatives from vice and crime throughout the world. Fortunately I have means in my power to establish this point as respects Great Britain, the greatest manufacturing nation in the world, by a comparison of six counties, three where manufactures and three where agriculture principally prevail. Population. Families engaged in Manufac- tures, trade, &c. Families engaged in Agricul- ture. Paupers. o 3 5 • 371 245 91 707 163 109 144 416 Poor rates. Lancaster Yorkshire Stafford 1,052,859 1,175,251 341,824 152,271 137,048 42.435 22,723 63,830 18,285 46,200 77,661 22,510 Z.249,585 453,461 133.701 2,569,934 331,754 104,838 146,371 836,747 Norfolk Suffolk Essex 343,368 270,542 289,424 26,201 17,418 17,160 36,368 30,745 33,206 42,707 36,110 38,337 L 256,014 240,384 254 837 903,334 60,779 100,319 117,154 L.751,235 ( 43 ) SYNOPSIS. Lancaster, York & Staff. Norfolk, Suffolk & Essex Manufac- tures. Per cent. 76 37 Agricul- ture. Percent 24 63 Paupers Per cent. 5.68 12.9 Cnminals Per cent .027 .046 Poor Rales. Per head. Ss. 6d. 16s. lOd. Thus it appears that in the agricultural counties the pro- portion of paupers is above 100, of criminals 60, and of poor rates 150 per cent, more than in those where manu- factures prevail. These tables demand the most serious consideration, not merely from our statesmen, but from our citizens at large. They operate a complete refutation of the prevail- ing error, on the subject of the demoralizing tendency of manufactures, and prove that this objection, like all the others so confidently relied on, when brought to the test of fact, proves utterly fallacious. The population is taken from Lowe's " Present state of England" — the member of families engaged in manufac- tures and in agriculture, as well as the poor rates, from the Monthly Magazine for March, 1824, where they arc derived from the late census — the enumeration of the pau- pers and criminals from Colquhoun's Treatise on Indi- gence. It is not necessary to corroborate the deductions arising from these facts, by any authority whatever. They carry conviction with them ; but, to remove all doubts from the nflyiB of those who may be disposed to incredu- lity, I quote^^lquhoun, whose opportunities were second to those of no man in Europe, and who explicitly pronounces a condemnation of the prevailing dogma: " Contrary to the generally received opinion, the numbers of pauperf [he might, as his own tables evince, have added— and of criminals,] in those counties which are chiefly agricultural, greatly exceed those where manufactures prevail." * The citizens of the southern states, who are so very so- licitous to preserve our morals from degenerating, by the protection of manufactures, may therefore calm their ap- prehensions, and spare themselves any uneasiness on the • Colquhoun on Indigence, p. 272. MUTILATED TEXT ( 44 ) subject. They are disposed to be wroth when any of our citizens interfere with that portion of their population des- tined to labour on their plantations, whom they deem themselves fully competent to manage : and they may trust the citizens of the other states with the management, and care of the morals, of their free work people. Above all things, if they condescend to watch over the morals of our citizens, they are respectfully requested to devise some other mode of preserving them than the one they have hitherto pursued, of devoting so many of them to idleness and pauperism. Second objection — We are not ripe for manufactures » Many of the opposers of the legislative protection of ma- nufactures, make large professions of friendship for them, but hold out the very fallacious idea, contradicted by almost universal experience, that when a country is " ripe'*'* for • them, they will arise spontaneously without protection — but • that when a country is not thus " r?/?^," it is improper to force them by what is termed hot-bed culture, that is, by protecting or prohibitory duties. The elements of this "ripeness," on which so much em- phasis is laid, are, the raw material in abundance — sufficient capital — and cheapness of labour. I hope to make it appear as clear as the noon-day sun, that a nation may possess all these, and yet be disabled by overwhelming foreign com- . petition from availing herself of them. I will in the first instance take the case of the cotton manufacture in the United States. So far as regarded the raw material, no country was ever . more ripe for any manufacture than the United States, for this one from 1795 to 1805, during which time capital was su- perabundant here for every object of profitable specula- tion. And the machinery employed in cotton spinning and weaving, is managed chiefly by young females, who were formerly able to weave twenty or twenty-five yards per diem — and each of whom can at present attend two power looms, which produce fifty yards per day. The labour, of course, counts for little, being formerly less than two cents ( 45 ) per yard, and now less than one. We possessed, moreover^ mechanical talent for making machinery, not excelled in the world — and a boundless extent of water power. Here then is a case completely fulfilling all the conditions of ^^ ripeness'*' — and completely testing this theory, and either fully establishing it, or proving it radically unsound, and fraught with pernicious consequences to any nation which acts on it. Unfortunately for our political economists, in this instance, as in almost every other, fact puts down their theory. Mr. Gallatin, whose attention was called to manufactures by an order of the house of Representatives, and who de- . voted his penetrating mind fully to investigate their sitiia- ^ tion, informs us in his report on the subject, that in Rhode Island, where the cotton manufacture was first established, ,. and which has now become the chief seat of it, there was #/2^ cotton mill erected in 1791 — in four years more^ another! — and in 1803 and 1804, two more in Massachusetts! Dur- ing the three succeeding years there were ten more erected in Rhode Island, and one in Connecticut! making in all fifteen, erected in those states before 1807, which employed 8000 spindles, and produced about 300,000 lbs. of yarn per annum ! In the other states, particularly at Patterson in New Jersey, and in the city of Philadelphia, several attempts were made to establish the manufacture, which almost universally failed, to the ruin of the undertakers. And, but for the re- strictive system, the war, and the prohibitory square yard duty, this manufacture, so peculiarly calculated for this country, and for which we were so " ri/>^," would to this . day have remained in a gfoveling state. Let it be observed that the average of the ex- port of cotton from the United Slates from 1795 to 1799 inclusive, was lbs. 7,012,745 From 1800 to 1806, also inclusive, 35,432,219 But according to a report of the committee of commerce and manufactures in 1816, the con- sumption in 1800 was only lbs. 150,000! And in 1805 only 300,000! Whereas, under the operation of the restrictive ■ ""HP*? Dh ' 11 ( 4« ) system, the consumption in 1810, rose to Ih. 3,000,000 jmd in 1815, by the war, to 27,000,000 So much, fellow citizens, for the spontaneous growth and maturity of manufactures, " when a nation is ripe for them." This, then, appears one of those pretty phrases, which mankind, through indolence and want of disposition to take the pains to investigate, receive on trust as oracular, but which are mere political ignes fatui, insuring the decay of those nations which adopt them. Further. We are now " ripe" for the manufacture of fine muslins, so far as the raw material, machinery, capi- tal, skill, and cheapness of labour are concerned. But we cannot compete with the superior capitals of the British manufacturers, for want of adequate protection. As this is a favourite dogma with the supporters of the present withering policy of the country, and as thousands of our citizens labour under the delusion of receiving it with implicit faith, I think it time well employed to cor- roborate the refutation of it arising from our own experience by strong examples derived from that of Europe. England, previously to the reign of the third and fourth Edward, was " ripe" for the woollen manufacture, so far as cheapness of labour and superabundance of the raw material were concerned — and there was no deficiency of capital for the establishment. According to the theory of our political economists, that branch should have arisen there sponta- neously, centuries before the reigns of those monarchs. But their predecessors, persuaded, it is to be presumed, that the day of '' ripeness''^ had not arrived, took no pains to foster this industry; and hence England shipped great quantities of her wool to Flanders, as we do of our cotton to Europe — received it back in a manufactured state at an advance of two, three, four, and five fold — employed the poor, and supported the government, of the Belgic provinces •—kept thousands of her own people partly unemployed or wholly so, as paupers — and withered and blasted the nation- al prosperity. The Edwards, wiser than their predecessors, eaw that the ripeness depended on protection — ^they wisely afforded that protection — the manufacture in consequence i ^ ) prospered — they clothed their people with their own cloth—- saved large sums to the country — induced numbers of va- luable manufacturers to immigrate into England, with their talents, their capitals, and their industry — and thus enhanc- ed the national wealth, power, and resources, at the ex- pense of a rival nation. Ireland affords another illustration of this theory. Her pasturage is second to none in the world. She raises large flocks of sheep, and could raise treble the number. La- bour is cheap. Capital is not deficient; but, if it were, it might be had to any extent in Great Britain. She is there- fore admirably calculated for the woollen manufacture, and ought to be able, not merely to clothe her own popu- lation, but now, as she enjoys a free trade, to export im- mense quantities of woollen goods to this and other coun- tries, where the market is open to her. But by a statement now before me, it appears that though she exported in the . year 1822, wool to a very considerable amount, she exported no woollen goods whatever, and the chief part of her con- sumption of fine and superfine cloths is derived from Great Britain. Her manufacture is confined almost altogether to coarse goods. Third objection — Capital not so projitably employed in manu- factures as in agriculture. « We are assured by the opposers of the legislative pro- tection of manufactures, that capital employed in them is not productive of so much national advantage as what is invested in agriculture. This is a vital error, as will ap- pear from the following comparison between the culture and the manufacture of cotton. This culture and manufac- ture are fair subjects of comparison, as they are among the most profitable of their respective genera of industry, and their results are more readily reducible to rule. A company of negroes, seventy-five, young and / old, will furnish 45, but say 50 working hands, who, under every advantage of season and soil, may average per annum, about 1000 lbs. of cotton each-, equal on the whole to 50,000 lbs. This, at 15 cents per lb. amounts to ' - .^ - ,. • - jg r,500 h! (48 ) Fifty females, attending each two power looms, and manufacturing 50 yards per day, produce in the year 750,000 yards, which, at 11 cents per yard, amount to - - - - - S 82,500 At four yards and a half to the pound, these weavers consume about 166,600 lbs. of yarn, pro- ' duced out of 190,000 lbs. of raw cotton, which, at 15 cents, amount to - - - - 28,500 Net national gain - • - - 54,000 166,600 lbs. of yarn, at 28 cents per lb. amount to 46,480 Fifty persons, engaged in weaving, require 100 persons, male and female, young and old, to perform the various operations of blowing, carding, drawing, roving, stretching, spinning, spooling, warping, dressing, and jobbing. Thus it appears that 150 persons, most of whom, but for the cotton manufacture, would be either partially employ- ed, or wholly idle, save to the nation g 54,000 per annum, or S 360 each — whereas 50 working negroes, encumbered with 25 non-labourers, bring into the country only S 7,500, or 55150 per head — or, if we take into view, as is perfectly right, the whole 75^ it is only g 100. At the above rate, 21 females in' Manchester, pay for the proceeds of the labour of 50 able-bodied negroes, encum- bered with 25 incapable of work from superannuation or infancy. The wages of the 150 persons, say 50 at 250 cents per week, and 100 at 175 cents, amount to .---.. 815,600 of which probably one-half goes to enrich the neighbouring farmers. Such an establishment, moreover, affords em- ployment to probably an equal number of persons engaged in various handicraft occupations — but say only 75, who, with the 150, make up 225 customers to the neighbouring farmers for provisions, drink, and fuel, at say 45 dollars per head, which amounts to per annum --.... g 11,125 Those handicraft people afford a market to the ( 49 ) farmers for timber, hides, skins, &c. &c. which can scarcely amount to less than, per annum - g 12,000 The importance of this point, will warrant devoting a few lines more to it. Alexander Hamilton's views on it, as indeed on every subject connected with political econo- my, were singularly correct. He says — " Manufacturinjj establishments ajhrd occasional and extra employment to *Undu8triou8 individuals and famiUes, who are willing to devote the leisure "resulting from the intermissions of their ordinary pursuits, to collateral la- « hours, as a resource for multiplying their acquisitions or their enjoy- " ments. The husbandman himself experiences a new source of profit and « support from the increased industry of his tvife and daughters, invited and « stimulated by the demands of the neighbouring manufactories." I trust that these statements, which challenge a rigorous investigation, fully prove that the idea of the inferiority of manufacturing labour, especially when aided by machinery, is the reverse of truth— as are the opinions of those who regard the complete protection of manufactures not mere- ly as indifferent but pernicious to the agriculturists. It is scarcely possible to conceive of an error more destructive to their interests or to national prosperity. This is the theory. Now to the fact in confirmation. Mr. Gallatin, in his report on manufactures, dated April 17, 1810, informs us that a cotton manufactory in Provi- dence, R. I. gave employment to 178 persons, of whom 24 males, and 29 females, were within the establishment— and 50 males and 75 females at their respective homes. It is highly probable, that the whole of the latter, and half at least of the former, belonged to the families of the neigh- bouring farmers. It is well worth while to ponder on the effects of our present system in a national point of view, the grand view in which it will be regarded by real statesmen. The United States ship to Europe 60,000 lbs. of cotton, which, at 15 cents per lb. amount to jg 9,000 They receive in return 72,000 yards of cotton goods at, suppose, an average of 12| cents per i:i^ ^ 9,000 ihese 72,000 yards are produced out of 18,000 lbs. of cotton wool. Thus, in the exchange between the United t »• . ' I . I ( 50 ) States and Europe, the latter makes a clear gain of 42,000 lbs. out of 60,000. It will be observed that I have taken the coarse cottons into consideration. Had I predicated the calculation on fine goods at 15, 20, 25, or 30 cents per yard, as perhaps I ought to have done, it would have added greatly to the force of the argument. Some politicians have asserted, and even in print, that it is of no consequence to the cotton planter, whether he sells his cotton to his fellow citizens in Rhode Island, or to the subjects of the powers of Europe. He, to whom it is indif- ferent whether he enriches his fellow citizens, embarked in the same vessel of state with him, who braved the dangers of war in defence of their common country, and on whom, in case of future wars, he must rely, or a foreigner who has been and may be again an enemy — he who is regardless whether he adds to the wealth, power, and resources of his own country, or to those of a foreign nation — has yet to study the duties of a good citizen, and ought to have no in- fluence in the national councils. But even on the most selfish principles, it is surely far better to have three mar- kets than two, \ Fourth objection — Abstraction of capital from agriculture and commerce. It is asserted that it is unsound policy to abstract capi- tal from commerce and agriculture, and employ it in manu- factures.*^ # This objection has been reiterated times without num- ber, and has passed current with too many of our citizens, who are disposed to believe that all the capital of the coun- try is fully and profitably employed. Nothing can be more unfounded. The want of employment for capital is manifest from the prices of our stocks. This day the three per cents, are at 88, which is only 3.40 per cent. There is not a person who frequents any exchange in the United States, or who is in the smallest degree conversant with our commerce, who, if candid, will not acknowledge that there is not half employment for the mercantile capital of the country, notwithstanding the lamentable diminution it 18 See note P, ( 51 ) > has undergone since the war. And so far as regards agricul- ture, the case is equally striking. Our population engaged in that pursuit, was at the last census 8,022,319— and is now about 8,500,000, of whom about 550,000, but say 650,000 are engaged in the culture of cotton. The surplus exports of the remaining 7,850,000, during the last year, were only 22,200,1 19 dollars, or at the rate of about 282 cents per head. No man, surely, will pretend that the supply of themselves and about 2,000,000 of their fellow citizens, together with such a pitiful surplus as this, can find employment for the agricultural capital of the country, which, if we had free access to the markets of Europe, could produce a surplus of from 75 to 100,000,000 dollars per annum. I have al- ready shown that in the year 1796, our surplus agricultural exports amounted to above eight dollars per head of our en- tire population. Fifth Objection — To impose duties for the protection ofmanU'^ factures is unconstitutional. That the power of imposing duties is by the constitution limited to the object of raising revenue, and that therefore to impose them for the protection of manufactures is uncon- stitutional, has been asserted, with great confidence, by leading members of congress — and more particularly by some from Virginia. Colonel Taylor, the patriarch of this school of politicians, has gone the length of declaring that a duty of 25 per cent, on 840,000,000 of manufactures, is S 10,000,000 robbed from the pockets of the agriculturists ! It is difficult to discuss such assertions seriously, as they are in direct hostility with the uniform practice of the go- vernment from the time of its organization till the present hour. The first congress, comprising a considerable proportion of the members of the federal convention by which the con- stitution had been recently framed, must of course have been thoroughly acquainted with the intent and meaning of Us provisions. The act which imposed the duties on im- ports, was the second passed by that congress, and dis- tinctly recognizes the principle of protecting duties. The r' '. ■'■~\ ill « -■■ \ ( 53 ) * preamble is in these words, " Whereas it is necessary for ** the support of government — for the discharge of the '* debts of the United States, and for the encouragement and *^ protection of manufactures^ that duties be laid on goods, *' wares and merchandize." It cannot be for a moment sup- posed that such a provision would have been admitted into this act, had there been any foundation for the consti- tutional objection. This ought to be conclusive, and it is astonishing that gentlemen bred up to the bar, who should be well acquaint- ed with the laws of their country, could, in the face of this strong fact, commit themselves by such an untenable ob- jection. But this is far from the whole of the case. By the above act, duties amounting to from 70 to 90 per cent, were im- posed on snufF and tobacco, intended to be prohibitory, and operating as such, in order to secure the domestic consump- tion of tobacco to the planters of Maryland, Virginia, and North Carolina. Yet a large portion of the members for those states maintain the constitutional objection. Unless, however, they can prove that there is something sacred in the cha- racter of tobacco planters or in tobacco, which guarantees them and it from the operation of constitutional objec- tions, which are to be enforced against manufactures and manufacturers, they must abandon this ground. - It is almost superfluous to adduce any further facts on so plain a case. But I shall trespass with one more. The act above referred to, imposed, for the protection of merchants concerned in navigation, duties on teas imported in foreign vessels, which averaged 27 cents per lb. whereas those im- ported in American paid but 12, being a difference of 125 per cent. What becomes of the constitutional scruple here ? Sixth objection — Danger of Smuggling. Among the objections to the legislative protection of ma- nufactures by an increase of duties, the danger of smug- gling and the consequent demoralization of our citizens, also held a conspicuous place. On this subject the changes have been rung from north to south, from east to west, and the ( 53 ) most serious alarm been excited among our citizens, many of whom are too prone to receive confident assertions, as equivalent to absolute proofs. Some of the arguments of the members of congress, and many of those of pamphleteers and newspaper writers, were well calculated to stimulate our citizens to smuggling — and in every community there are always individuals to be found, who rejoice in any plea furnished them, to justify illicit proceedings, producing undue gains. Who has forgotten the incitements and state- ments of a similar character, during the prevalence of the restrictive system and the war — and the advantage that was taken by the unprincipled, of the encouragement thus offered to them ? In order to judge correctly on this subject, it is necessary to examine the extent of the duties proposed by Mr. Tod's bill, and to compare them with duties previously existing. I shall confine myself to those on iron, iron wares, cottons, woollens, cotton bagging, linens, and silks, being the prin- " cipal articles, all the rest being comparatively unimportant. The duties on ironmongery, in general, would average * about 27 a 30 per cent. ; on iron in bars or bolts from Swe- den, which supplies two-thirds of all we import, about 40 per cent. From their bulk there can be but little danger of smuggling in those articles. The only alteration proposed in the duties on cotton goods, was on those below Z5 cents per square yard. All above that price were to remain as formerly, subject to 25 per cent. Those below Z5 cents per square yard, were to be rated at 35 cents, and to pay 25 per cent.'on that price. The operation of this new duty would be confined almost altogether to goods between 25 and :^5 cents per square yard ; as the existing minimum square yard duty excluded nearly the whole of those below the former price. It will be readily admitted that this slight alteration afforded no ground for the clamour on the subject of smuggling. The additional duty on woollen goods, except those worthless, low-priced articles, which it was proposed to exclude altogether, was only five per cent. Of the woollen goods intended to be excluded by the i( cc (C « ( 54 ) minimum square yard duty, Mr. Foot, of Connecticut, gave the following accurate description to congress. " During the last four years, manufactures have felt the evils of the sys- "tem, under which agriculture and commerce had suffered for three years, ** under the accumulated pressure of hard times, and the burdens imposed "on them, to sustain the manufacturing interest — but still more by the in- ** flux of foreign goods forced through your auctions. Yes, sir, by the impor- « tations of fabrics of a very inferior qualiUj—W 001X.¥.^ GOODS M ANU- "FACTURED LIKE SHEATHING PAPER, neither spim or -wove, but merely *^ pasted together^ the remnants of old garments ^ picked up and manufactured ivith «* as little expense as paper, and through the medium of your auctions brought into competition xvith your manufactures, subject to no charges, except, perhaps, a small ad valorem duty, and one fourth of one per cent, commissiofi to the auctioneer. In this way the foreign manufacturer has been enabled to compete ivith your Ame^ rican manufacturers— and ALMOST ENTIRELY TO DESTROY THE "MANUFACTURES OF COARSE WOOLLEN GOODS." How far those members, whose votes prevented the ex- clusion of this trash, consulted the national interests, I leave to the world to decide. Let it be observed, that Mr. Foot voted against the tariff. The duty on cotton bagging at six cents per running yard, would be about 38 per cent. The additional duty of three cents per yard to countervail the British bounty, would raise it to about 57 per cent. The increase of duties on linens and East India silks, was ten per cent, both recommended by the secretary of the treasury, and the latter by the chamber of commerce of New York. Such are the duties generally, which were to entail on the country a system of smuggling with all its demorali- zation!! , . • To a person unacquainted with the nature of the case, it would appear, that our government, impressed with a hor- ror of the dangers of smuggling, had cautiously avoided high duties throughout its career — and that there was no duty in the former tariff so high as those proposed in the new one. For he would naturally conclude, that it would be monstrous inconsistency, to raise such a clamour against the imposition of duties, only equal to those which had been in force for 15, 20, or 30 years. But what would be his amazement to learn, that, with the excep- tion of cottons between 25 and o5 cents per square yard;, ( 53 ) (those below 25 cents per square yard, I repeat, were al- ready nearly excluded by the existing minimum square yard duty) cotton bagging ; coarse woollens, which, on every prin- ciple of justice and propriety, ought to be excluded ; and a few other articles of little value j scarcely any of the duties were one-third, and none of them one-half, of those im- posed on Souchong tea, which pays a duty of 150 per cent.? At such information he would be petrified with as- tonishment—and say, what has been said one hundred times before, that men in public bodies, will, without hesitation, do things of which in their individual capaci- ties they would be ashamed. Brown sugar, bohea tea, and salt, necessaries of life, the ^ two first used almost wholly by the poor, are subject to du- ' ties respectively, 100, 120, and 180 per cent. The duty on pepper is 50 per cent. — on wines from 75 to 100— and on spi- rits, from 150 to 200. With such duties staring us in the face, is it not, if possible, worse than " straining at gnats and swallowing camels," to " make the welkin ring" with . fearful outcries against the danger of smuggling from duties 25, 30, 35, or 40 per cent. — on cottons, woollens, iron, and iron ware ? But it must not be disguised, and cannot be denied, that the policy of our government from its organiza- tion to the present time, has been so far unfriendly to the manufacturers, that our duties have been almost uniformly exorbitant on those articles not interfering with them, and, with some exceptions, so light on manufactures, as to en- courage importation, to the ruin from time to time of the hopes of many hundreds of our valuable citizens. While I am on this subject of high duties, I cannot re- frain from noticing the deep solicitude in favour of the poor, expressed by some of the members of congress, so far as regards the duties on coarse cottons and woollens, used chiefly by this class. Had these humane feelings led to consistency of conduct, and to a proposition for a reduc- tion of the duties on bohea tea, coarse brown sugar, and • salt, they would be entitled to honour and applause. But . lo and behold, the duties on bohea tea and salt were pass- ed over without notice, and a motion to reduce the duty on brown sugar to two cents per lb. (equal to about 66 per ( 56 ) cent, on the coarsest qualities) was " negatived" — and " without a division ! ! ! !" Thus the poor cotton weaver pays 100 per cent, on a bulky necessary of life, subject pro- bably to 30 per cent, freight, for the protection of the wealthy sugar planter, while he is refused a protection of 35 per cent, on a light fabric, subject to about 2 per cent* freight !!!^9 Seventh Objection — The danger of provoking the wrath of Great Britain^ so as to induce her to encourage the culture of cotton in the Brazils^ in other parts of South America^ and in Egypt ^ and of tobacco in the Crimea,^'' Of all the objections to the protection of the manufac- tures of the country, this is the most extraordinary and in- defensible. It is an insult to the government of Great Bri- tain as well as to the government of this country. It is an insult to the British government to accuse it of such impertinence and folly, as to attempt to intimidate our government from making such internal regulations as it may judge proper, to promote the national interest. And it is surely a gross insult to our government, to suppose that it could be deterred by such threats, if they were held out. No nation ever carried on a more advantageous trade with another than Great Britain does with us. She derives more benefit from our commerce than Spain has ever done from her colonies, rich as they are in gold and silver mines. More than nine-tenths of all that Great Britain receives from us are raw materials, for the employment of her sub* jects. Notwithstanding her immense possessions in the East and West Indies, which she supplies exclusively with her manufactures ; and notwithstanding also her extensive commerce with the continent of Europe, and with South America ; our purchases are about a sixth part of her do- mestic exports, which, in 1822, were 40,194,000/. or S 180,- 873,000, of which we received 832,914,971. Almost every article we receive from her is elaborated to the highest de- gree of perfection, labour constituting on the average pro- bably two-thirds or three-fourths of the whole amount. " See note Q. st'See noteR. ( 67 ) Some idea may be formed of the nature of her trade bv costs her but about 5,000,000/. or g 22.500,000-whereas t^proceeds of the manufacture last year were g 243,000.- 000. Can we wonder, after due reflexion on these cir- «nces, at the inordinate and increasing wealth of Untd s"::;:?'"' ^'^ '""^^ depression throughout the the?'f "r'"^ *'"' ^'" '^'"" '^^ '""^^'^^ "»ture of the trade she carries on with us. , Imports into the United States from, and Exports to, Great Britain^ for three years. 1821 1822 1823 Total Imports. S 24,400,954 32,914,971 23,031,440 S 80,347,365 Exports. 818,883,834 52,871,795 21,115,258 262,870,887 From the enormous losses on^rotton,' sustained in 1821 and 1822, u IS highly probable that the amount of our ex port^nstead of 8 62,870,687, was not more than g 56,. 000,000 leaving a balance against us of S 24,000,000. Great ITI ^/^^„!"^^^^7^> -^-ve a fifth part of our national debt and millions of canal and other stocks, from which she derives at least S 2,500,000 per annum.- Let us examine this subject a little more narrowlv Great Britain, as already stated, prohibits altogether ou; bread-stuffs unless in danger of famine-^and even then sX jects them to considerable duties. On the few articles she condescends to receive from us, the duties are verv high- Duty. British Sterling*, Ashes, per cwt. . . Rice, per cwt Barrel staves, per M. Pipe staves, per M. . Hog-shead staves, per M Tobacco, per lb. '. I $ 6.00 $ 3.75 $ 24.00 $ 50.00 $ 36.00 [4 to 8 cents • This article from Canada, pays only 1^. Sd. /- Oil 2»=$ 2.48 L. 0 15 0 = $ 3.:^3 L. 3 16 8 =§^16.33 L. 10 00 0 =$44.44 L. 7 13 4 =^32.06 L. 4 =$00.88 8 2^ See note S, , t ler" i ii! ' t ( 58 ) Here is a curious state of things. Great Britain may and does prohibit the staple on which half our population de- pend—she may and does impose duties of 40, 68, 88, 90, and 1480 per cent, on such of our productions as she receives —and yet, American citizens, representing the United States in the national legislature, are not ashamed to threat- en their country with the resentment of Great Britain, if she dare— what ? not retaliate prohibition by prohibition— what then ? merely impose duties on British manufactures, in common with the manufactures of all other nations, from 25 to 50 per cent. — the great mass of which are at or be- low 30 per cent. ! ! ! On this subject comment is wholly un- necessary. The cultivation of cotton, do what we may, will advance with gre^t rapidity, and overrun consumption, although the latter is increasing. Low as the price is, it pays better at pre- sent than most other agricultural productions — and can be sold for cash. Peru, Chili, Buenos Ayres,the Colombian re- public, and Egypt are entering the lists with our planters, and will prove formidable competitors. Great Britain affords the largest market and the surest money sales in the world ; and therefore, without any effort on the part of her government the article will seek that quarter, which will be constantly glutted, and the prices as constantly depressed. Our sys- tem absurdly and perniciously aids the depression by forc- ing our farmers to become cotton planters, and thus in- creasing the production. The case of tobacco, except the very fine qualities, is still more unpromising. The con- sumption does not materially increase — but the production is extending far and wide. Canada has become a compe- ' titor. How immensely different the conduct of the British go- vernment from that of the United States ! With what un- ceasing and parental solicitude it watches over the interests and protects the industry of all its subjects ! It shuts out every thing which could interfere with either. Of this we have a most striking case at the present hour, as re- gards its agricultural population. The importation of fo- ( 59 ) reign bread-stuffs for consumption in Great Britain is pro- hibited, until the prices average as follows : Wheat per quarter 70s. and rye, 46^. Exclusive of large quantities of Hour, there are now stored under bond in Great Britain 640,000 bushels of wheat, a con- siderable part of which has lain there for above a year— not one grain of which will be allowed to be consumed in the Bri- tish dominions. The average of the six weeks immediately preceding the 15th of May, was 64*. 7d. per quarter, or 8*. Id. equal to gl 78^ cents per bushel. Wheat in our markets is about Sl.05 to Si. 15 : so that had we the privilege of supplying the British markets, it would . make a difference, in favour of the consumer, of about 30 * to 35 per cent: and, according to the principle of buying where produce or manufactures can be had cheapest. Great Britain ought to allow us to feed some of those manufac- turers who labour for us. But she scouts this policy, and extends the aegis of legislative protection to the agriculturist equally with the manufacturer. Let it be carefully noted, that even when the price of wheat rises to 70s. or Si 5.33 per quarter, and when the im- portation of our wheat is permitted, it is subject to a duty of 17s. per quarter for the first three months, and 12*. afterwards. A fact respecting the British corn laws, which sheds strong light on this subject, and reflects the highest credit on the policy of Great Britain, deserves particular atten- tion. Formerly the minimum average price of wheat for six weeks, at which the importation of foreign wheat for domestic consumption was allowed, was 80*. perj quarter. From the appearance of the harvest in 1817, there was every reason to believe, that the price would overrun this average, and of course that the ports would be opened. This idea was distinctly held out by the Liverpool mer- chants. Accordingly great exportations took place to Great Britain. Contrary, however, to all calculation, the average was only 79*. 7d. In consequence the ports were closed — a large portion of the shippers ruined — and the prospects of our farmers blighted. So critically nice the # • r..',^ 'W- ■' « ( 60 ) calculations'—so parental the care of the British govern- ment over the welfare of its subjects ! When shall we see the same anxiety, the same solicitude, the same fostering care displayed by the government of the United States ! In placing before you, fellow citizens, these important features of British policy, so profound and so creditable to her statesmen, and so certain a means of promoting na- tional wealth, I have two objects in view. One, to show the striking contrast between the system of Great Britain and that of the United States, and the other, to prove what erroneous opinions have been broached, in and out of Congress, on the subject of " cutting the cords that tie down commerce to the earth." Four years have elapsed, since a public document, pre- sented to Congress, very confidently stated, that ** The statesmen of the old world, in admiration of the success of our policy / are relaxing the rigour of their own systems ! and yielding themselves to the ra- ** tional doctrine, that national wealth is best promoted by a free interchange ** of commodities J upon principles of perfect reciprocity /'* The idea here held out, has been re-echoed in news- papers and pamphlets, and speeches in Congress, and by orators out of Congress, one hundred times. We are as- sured, and by citizens of the highest respectability, that Great Britain is repealing her restrictive system as fast and as far as practicable — and that if we enact such a system, we shall disgracefully adopt the discarded and reprobated policy of Europe. Now, however, extraordinary it may appear, it is indu- bitably true, that these assertions are entirely destitute of foundation. No such measures have been adopted. I do not accuse the gentlemen in question of wilful errors. I feel confident they believe what they state. But their belief does not at all affect the question. They are called upon to disprove, by substantial facts, the following aver- ment— that so far as regards the internal consumption of fo- reign produce^ raw materials excepted^ or foreign manufac- tures^ no relaxation whatever worth notice has taken place in Great Britain within the last ten years, I need not add that this is all that concerns the question of the tariff. The re- laxations of her colonial system, or of her navigation laws, belong to a totally different subject. ( 64 ) In a preceding part of this address, I have stated the high duties on the chief articles received from this coun- try m Great Britain. I now annex a list of the duties that are actually in force on other articles— duties enacted so late as 1819. JPer cent ^ »» Hides .... 7«ii>PfK^'L • ■ • -17^' JLeather. or manufactures whereof \ ^'"*^''°^'' P*-" «=*'• ^-S-S-C !• leather is the principal part 7s\ Fifty or sixty enumerated, and all non-enumerated, articles. My t>er cent. ! ! / ' jj a r^' How can gentlemen, with these facts before them-facts of public notoriety-how can they, I sav, descant on the Jree interchange of commodities upon the principles of per- feet reciprocity^ and on the discarding of the restrictions of Great Britain ? Where are we to look for the " recipro- " cjf J/" here ? , ^ But these examples were unnecessary for the disproof of the assertions thus confidently made. The case of the ex- elusion of our bread-stuffs, on which I have already fully dilated, would be sufficient to set this question at rest for ever. Great Britain never imported in any one year as much flour as would supply her population for three weeks. Consequently the whole amount she could receive from us were her ports unlimitedly open to our bread-stuffs, would* be unimportant, and could not materially affect her agricul- turists. And if she were disposed toadmit " a free exchange oj commodttzes upon principles of perfect reciprocity ," this would be a favourable opportunity of making a commence- ment. ■ She is, it is true, about to change her system with re- spect to the silk manufacture. But the change does not bear out our citizens in the statements which I have quot- ed. By absolute prohibitions of silk goods of all descrip- . tions, she has brought the manufacture to complete perfec- ' city for $S' *''"' '''''^"* *" * ^""'^ ''^'^'""' * ^^P'^ *=*'• " »°Win this • . '• » » ( 63 ) tion, so as to be enabled to compete with the French and Italians in their own markets. She therefore no longer re- quires prohibitions, which are to be repealed, but not until $he year 1826 — so cautious is she to guard the industry of her citizens from foreign competition. And even when the prohibition is abrogated, the duties are to be nearly prohi- bitory— plain silk goods are to pay S2.88 — and figured S4.44 per lb. All other silk goods and silk shoes are to pay 30 per cent, ad valorem. Such is the extent to which she ** cuts the cords which tie commerce to the earth," so far as regards this species of goods, the only kind that has been as yet brought into consideration. And in order to af- ford adequate compensation to the manufacturers of silks, she has reduced the duties as follows. Raw silk from the East Indies in future, instead of 4$. per lb. is to pay only ^d.; from China and Italy, instead of 5$. 6d. to pay 6d.; * and from the Brazils, instead of 14*. to pay 7s. 6d. Friends and Fellow Citizens^ The subject I undertook to discuss is almost inexhausti- ble, and is but slightly broached in this address. But it is, I feel, time to draw to a close. I had written much more — but fearing to trespass on your patience, I omit the residue, and here conclude, hoping that I have proved, that the policy pursued by this government has the most withering influence on the prosperity of the country — that there is an identity of interests between the two great branches of human industry, the creation of the rude produce of the soil, and the moulding and fashioning . that produce for the comfort and convenience of mankind , —that it is impossible to depress the latter, without inflict- ing severe injury on the former — and that none but an ene- my of both, will ever attempt to separate their interests, or to excite jealousy or hostility between the great classes de- voted to those all-important objects. (End of the address as delivered.) ( 63 ) ^ The extreme length of the address, as originally -written, induced the speaker to omit the latter part of it, which, in or- der to render it complete, and to lay the whole subject before i the reader, is annexed in the shape of an APPENDIX. • * ' In every stage of this investigation, we find a striking contrast between our policy and that of all the celebrated statesmen of Europe of past and present times, the Edwards tfie Walsinghams, the Sullys, the Colberts, the Frederics, and those who now rule the destinies of Great Britain, France, and Russia, and are laying the foundations of their pros- perity on the most solid basis. Either the whole mass of them were and are utterly destitute of wisdom and sound policy* or our system is radically and incurably unsound. There' IS no other alternative. Those statesmen fostered and pro- tected, and these still continue to foster and protect nascent manufactures, by bounties, premiums, loans, immunities and prohibitions of, or prohibitory duties on, rival arti' cles. How different the conduct of our government! Many of our manufactures have arisen to maturity, by the na- tive energy of our citizens, unaided by bounties, premi- ums, loans, or, except in the case of coarse cottons, and two or three other articles, by prohibitory duties. But alas! from time to time, our government, a republic, ema- natmg from, responsible to, and paid by, the people, be- * holds them prostrated, their proprietors bankrupted, and the national wealth impaired, without the least interfer- ence m their defence. Every effort to save them from rum, is combated with as much zeal and ardour, as if it were an attempt to rob the rest of the community. I shall " produce but one or two out of a score of instances. In the ' depressed and ruinous state of the woollen manufacture, as . already stated, every motive of justice, humanity, and sound national pohcy, called upon congress to afford this import- '.4' J ■ I • 'i ( 64 ) , ant branch decisive and powerful protection. But what has been done for it at the last session ? It is wholly unim- portant, and will have scarcely any effect. After a long struggle, an addition of five per cent, was made to the existing dutj^, for one year, and three per cent, more af- terwards ! ! at the same time, contrary to every principle of sound policy, the raw material was burdened with an additional duty of five per cent, and with progressive du- ties from twenty to fifty per cent. \^^ ' To this let me add the case of pottery and stone ware. Extensive manufactories of those articles were established during the war, and were carried on successfully, to the advantage of the country, and the emolument of the under- takers. Produced from a raw material otherwise entirely worthless, these manufactures were entitled to peculiar pro- tection— and their bulk was a sufficient guard against smug- gling, the bugbear so constantly held out to terrify the na- tion from any increase of the duties on manufactures. Mr. Dallas in his tariff reported a duty of 30 per cent, which might have saved from ruin this branch of industry, which costs the country about g 1,100,000 per annum. The duty was reduced to 20 per cent.— -and in consequence, the ma- nufacture was almost entirely ruined. I proceed to consider the effects of our policy, as regards immigrants and immigration. Wise governments have uni- formly encouraged the immigration of talented foreigners into their territories, as a source of wealth and power. History is replete with instances of the immense advan- tages which have been derived from this system. The wicked and impolitic repeal of the edict of Nantes, drove some hundreds of thousands of Hugonot artists, manufac- turers, and mechanics, from France, to enjoy the precious and inalienable right of worshipping God, according to the dictates of their consciences. They were received with open arms in every part of Europe to which they fled for .refuge. They amply repaid the kindness and hospitality they experienced, by imparting to England, Holland, and Germany, various arts which had before been confined to » See note T. • ' ♦ * • ( 65 ) France. They either introduced or greatly improved some ot those arts and manufactures, which have since mainly contributed to elevate Great Britain to the towering height where she stands, the wonder and envy of the world, so far as substantial power and resources are concerned-and recently the arbitress of its destinies. If such has been the policy as regards immigration— if such have been its salutary effects with nations thickly peo- pled-how much more powerful the inducements, as appli- cable to the United States, whose population bears so small a proportion to its territory ? There is in fact no country in the world, except perhaps Russia, which is so strongly im- pelled by sound policy, to promote immigration as the United States. whf k'^ '';. moreover, no country in the civilized world, ,. which could hold out such great inducements to foreigners ' to emigrate from their own country-none which might so readily be rendered what it was once styled-" an asy- lum for the oppressed of all nations"-none after which fo- reigners yearn so ardently-and none to which they would more readily transfer themselves. Were manufactures adequately protected, and the coun- " try prosperous, as it would be in that case, there cannot be a doubt that every year would add at least 30,000 to our popu- lation, with all their talents, their wealth, and their industry. As this number will probably appear extravagant, it may be proper to state the data on which it is predicated, which 1 trust, will remove all doubt on this point. ' From statements in the Weekly Register, the editor of which IS remarkably attentive to such subjects, it appears that in the week ending Aug. 16, 1816, between 12 and 1500 passengers arrived in New York, Philadelphia, and Balti- more-and in the next week, ending August 23, there ar- rived 1354, in 23 vessels, besides several in two vessels, of Which the numbers were not stated. - " « According .to Dr. Seybert, there arrived in ten ports of the United States, in the year 1817, no less than 22,240 passengers, which number, however, included citizens, as well a^_ foreigners. The number of citizens could not hav. , V «H • 9 • • ^ . ^ 'k; ( 66 ) been very considerable ; whereas of foreigners, great num- bers, not registered, arrived by land and otherwise, from the British North American colonies, far more, in all proba- bility, than the number of citizens who were registered. By a return made by the mayor of New York, it appears, that, from the 2d of March, 1818, till December 11, 1819, being little more than 21 months, there were entered at his office 18,929 foreign passengers, of whom 16,093 were British subjects. On close attention to the subject, he de- clared his conviction, that these were but two-thirds of those who had arrived within that time. According to this calculation, the aggregate was about 28,500, or at the rate of 16,000 per annum. Supposing that only an equal num- ber arrived in all the other ports, it would make the num- ber 32,000. But let it be observed, that, according to Dr. Seybert's statement, above quoted, the number who arrived in New York in 1817, was only one-third of the whole. Ac- cording to which rate, I might assume 48,000 per annum in 1818 and 1819. Ten thousand immigrants lately arrived in Upper Cana- da in one season—of whom, very probably, four-fifths would have come to the United States, had they had a prospect of advantageous employment. These data will certainly bear me out in the assumption of 30,000 per annum . The number has been reduced of late vefy low; because thousands who had arrived in this country, at a gr^at sacrifice of time and money, found they had not bettered their situation, and that it was difficult and scarcely possi- ble for them to procure employment at their regular occu- pations. Of those thus disappointed, such as had means to pay their passage, returned home, and spread unfavourable accounts of the country, whereby the spirit of emigration was nearly annihilated. The National Journal states the number of foreign passengers in 1823, from official docu- ments, at only 6417, of whom it calculates that 1700 have returned, reducing the number who remained to about 4,700. - . It is a disheartening truth, th%t in a country capable of ( ey ) maintaining one hundred times its present population, there are too many of almost every class-too many farmers- too many planters— too many merchants-too many lawyers -too many doctors-and too many of nearly every kind of manufacturers and mechanics. Hence there is no en- couragement whatever to immigration. This arises from our atizens being wholly precluded by foreign supplies, from so many branches of business and such various occupations, that all the others are crowded. There can be no truth more clear than this, that the greater the variety of occu- pations m a community, the greater the scope for ingenuity and talent, the greater the reward for industry, and the higher the grade of individual and general prosperity. I venture on an estimate of the advantages to be de- rived from an immigration of 20,000 persons annually for ten years, supposing their labour to add to the national wealth only a quarter dollar per day, on an average-and supposing them to bring into the country at the rate of 50 dollars each :— First year Second year Third year Fourth year - Fifth year Sixth year Seventh year - Eighth year Ninth year Tenth year Total No. of im- migrants in the country 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 VaUie of labour. 1,560,000 3,120,000 4,680,000 6,240,000 7,800,000 9,360,000 10,920,000 12,480,000 14,040,000 15,600,000 Specie im- ported. $ 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 _85,800,00U I 10,000,000 If we suppose each individual immigrant to be worth to the state, 300 dollars, which is a low estimate, the whole would amount to the sum of 860,000,000. It has been very gravely asserted' that this country is peculiarly calculated for agriculture, and that while it pos- sesses so much vacant land, it is impolitic to take any mea- sures to accelerate the growth of manufactures. There are nevertheless reasons in favour of fostering manufactures here , • ? <• ( 68 ) which do not exist to the same extent in G. Britain or France. Although the United States are as highly blest with the means of carrying on an extensive internal communication as any nation in the world, yet a very large portion of our terri- tory is, and must for an age remain remote from the advan- tages of navigation, and, without the encouragement of ma- , nufactures, can never fully avail itself of the bounties of nature, lavished with a liberal hand. Such is the situation of extensive regions in Ohio, Kentucky and Tennessee, and the interior of Pennsylvania, and Virginia, which are 70, 80, 100 miles from any navigable stream, and 4 or 500 miles from the Atlantic. Whereas, there are few parts of England more than 20, and of France more than 30 miles ' > from the means of communicating with that ocean. On the 12th of June, the sale of flour at New Orleans was dull at S 4.20 to 4.75. Deduct the expense of transportation from parts of Kentucky remote from navigation, and this price will not pay the expense of cultivation. It is the part of wisdom to profit by the errors and mis- fortunes of others — of the reverse of wisdom, not to profit by one's own. We have had ample and dear-bought expe- rience to warn us against the deleterious consequences of our present policy — but it appears in vain. I have already touch- ed on the consequences of our extravagant, uncontrolled im- portations in 1 783 and 4. A bare glance at those produced by a similar course in 1815 and 16 is enough. They are too fresh in the memory of the many who suffered, and of the few who profited by their sufferings, to require detail. But I request your attention to the period from the orgamza- • tion of our government to the close of the late war. From the year 1789 till the year 1812, a period of 23 years, this country enjoyed a peace interrupted only by the short contest of a few months with France. During a large portion of the time, our commerce flourished. Our farmers had sure markets and high prices for their produce. Our states- men, believing that we were not " rifyefor manufactures," be- stowed no pains to foster or protect them. But the native en- ergy of our citizens overcame all difficulties so far as regard- ed most of the manufactures depending on manual labour, ( fi9 ) with which they supplied the home demand, as hats shoes Buttl' carriages, books, types, and a vaHety of '^t ! to^,^ ''^V"-™P°"^"^ «"'-!" of clothing, woollens, cot- tons, and Imens, we were bafiled completely. We were al- most altogether clothed by Great Britain. Vhat wl the consequence ? • Just previous to the commencement of the bllnkT' *''f ."^*'°"-.°"^^d a tribute to the Indians of 6000 blankets, which she was unable to furnish. She was cut off from Bntish supplies by the non-intercourse law: and by her previous withering.policy, was rendered unable to ^ro^ duce them from her own resources ! The destitution of these on the part of the secretary of war, to repeal the non-inter^ tain . . 1 his single fact is sufficient to determine the perni- "ous character of the misguided policy which placed a powerful enterprising, and industrious nation in such a leasTroto^roT? r' ''' '"* '^'^ ^° ^°"^ ^ p--^' -^ least 10 000,000 of dollars annually for clothing, which our own citizens could have furnished. were^thelff '" 'T ''' "^°^' °' *'^ ^^'^- ^o intense we e the sufferings of our soldiers in the war on the north- western frontier, for want of adequate clothing, that it is confidently asserted, and with every appearance of trutJ ' tha as many of them, in a certain stage of the war, feric- ' .ms^to^he inclemency of the weather, as by the arms of a Jni! n^' '" ^^ '" ''^'""^ ^^"°" '^ «"«• statesmen, gainst the danger and folly of trusting to foreign supplies for the essential articles of clothing. But the fesson was entirely lost upon them at the close of the war Thev rnerfr'.' ''"'''"; °'^'°^^ ^^^^ ^^-^ embarked "their II n establishments to furnish the nation with clothing during the^war, to be ruined for want of protection on th! return' the^^nltr'^T '7"' ''^''" ^''" '"^'•^ deplorable, as regards the national safety, remains to be stated. Notwithstanding o . >■;- ' ^'^See note V. ^ *•, Ml ( 70 ) all our immense advantages, so long possessed, our trea- sury was completely bankrupt in about two years ! And the utmost the government was able to raise by imposts, taxes and excises, during the whole war, of 30 months, was . S 35,642,448 !— by loans, at usurious rates, 845,172,581! — ^nd, to make up the balance of the expenses of the war, recourse was had to the issue of exchequer bills, to the amount of S 17,227,280, which depreciated in the hands of the public creditors, 8, 10, and even 12 per cent. ! This was the calamitous situation of a nation, in the vigour of its youth, which in its infancy had maintained a struggle with the power of Great Britain for seven years — a nation a large portion of whose resources had been squandered to support foreign industry for the preceding twenty-three years. — The history of the world presents no instance of a nation with so many and such transcendant blessings, ex- hibiting such a state of financial decrepitude in the same short space of time. It is worth while to devote a few moments to the consi- deration of our prospects in the event of being involved in another war, a contingency of which a wise statesman ought never to lose sight. As our government depends for revenue almost altogether on impost, contrary to the uni- versal practice of other nations, a war would at once cut off the chief part of our resources. Thus this instrument of finance, like a treacherous friend, will always desert us in our greatest need. We should be obliged to recur to direct taxes, excises, and loans. And it is a most melan- choly truth, that our citizens, with the exception of a few capitalists, are now far less able to support the necessary burdens, being generally in much more depressed circum- stances, than they were in 1812. Of this no doubt can re- main, on a view of the statements of the situation of the country, as given by various members of congress, and quoted in a preceding part of this address. And if our trea- sury became bankrupt in 1814, and the resources of the go- vernment were exhausted in so short a space, what a me- lancholy prospect presents itself to our view in the event of a future war? . • . . ,^ . . , -. ( 71 ) In order duly to appreciate our policy and its unfortu- nate effects, It may be proper to take a view of the result of the Bntish policy, diametrically opposite to ours. Our duties are, with few exceptions, calculated to encourage im- portation of foreign manufactures, which depress and crush our domestic industry. The duties of Great Britain are regulated so as to exclude every thing with which she can supply herself. I have shown the effect of ours in a war of 30 months. Now let us see the result of her's in a war of above twenty years. " The tree is known by its fruit '» «fn,T^"*^'° ™''''* '^"""S that war no less than 87,038,000,000, of which 84,653,000,000 were by impost direct taxes and excises-and the remainder by loans. ' Her subjects felt this enormous taxation less than our citizens did our very light taxes. Her subsidies to foreim powers amounted to g 247,500,000. If the contrast during the war was so striking, it is no less so at present. She has remitted within the last two years, taxes to the amount of 828,237,500; has an annual surplus of 8 22,500,000, with wbich she has established an efficient sinking fund; and has paid off a very large amount of her national debt. She has been enabled to reduce 8697,500,000 of her debt from 5 to 4 per cent -and 8 310,000,000 of 4 per cents, to 3|. Her domestic exports are annually increasing in amount. Her manufactures are extending astonishingly. Her exports of cotton goods which in 1820 were 8 74,750,000, were in 1823, 8 99,000,! 000 She draws wealth from every quarter of the world with which she has intercourse, so that she has probably at this hour more specie than half Europe and the whole of the United States. Her merchants are the general bankers of all the distressed governments of the nfw and od world. Loans have been made, or instalments paid d^ing the last year, in London, to the amount of ^50,- 000,000 or 8 225,000.000.- A loan of a fifth part of the saL to any foreign nation would reduce all the banks in the United States to bankruptcy. Having already glanced at the actual situation of this "* Sec note W, .rt (, 73 ) country^ I shall confine myself here to a brief retrospect. la the sixth year of peace, our revenue having fallen short, it, was proposed to have recourse to an excise. But it was formally declared by a committee of the House of Represen-;-. ^ tatives of the United States, that " the imposition of an ex^ ** cise in that season of extreme distress^ would be unwise^"^ and that " if imposed it would be difficult to collect^ and^ if coU ■ ** lected^ it would^ in some parts of the union^ be in paper little a - ^^ available y In the year 1822, our government made an attempt to convert jg 8,000,000 of 7 per cents, and S 18,000- . 000 of 6 43er cents into fives, irredeemable for fifteen years • — but were unable to effect it. Our sinking fund has been absorbed and sunk into oblivion. And we have had, after five years of peace, to borrow S 8,000,000 to meet the exi- gencies of the government! What a glorious triumph the preceding facts furnish for the British policy, as regards national resources ! What a heart-rending contrast our affairs exhibit !— Can a policy producing such blighting consequences, be other than dele- terious ? . / I beg attention to one more strong and striking con- trast between our policy and that of Great Britain. The manufacturers of that country are constantly struggling to engross the supply of foreign markets. In this they are aided by the government and the merchants, the for- mer of whom regard manufactures as the most certain basis on which to erect the edifice of national prosperity. The latter regard the interest and prosperity of the manufac- turers as identified with their own. Our manufacturers have to struggle— not for foreign markets, from nearly all of which they are excluded. No. Their struggle is for a share of the domestic market — for the supply of their own fellow citizens — and this struggle they are obliged to maintain with very unequal odds, not only with the foreign manufacturers and merchants, but with their own govern- ment and their own merchants— the latter of whom have, from the commencement of the government to the present hour, resisted every serious attempt to protect their fellow citizens from the overwhelming competition of foreign ( 73 ) rivals— and the former has uniformly regarded them with jealousy ! Whatever high degree of talents, individual members of congress may possess, it is to be presumed that there scarcely can be found a man among them, who, in those moments when self love leads us to appreciate our intellectual powers, at their utmost value, could fondly flatter himself that his opinions should have more weight with this nation than those of Franklin, Jefferson, and Hamilton, three of the most highly gifted men who have figured in the American annals, whose sentiments are clear and decisive on this subject, and who* pronounce the strongest condemnation of the system we pur- sue. Out of the numerous maxims of those illustrious men, I shall quote a few, and trust that their cogency will set- tle the minds of those who are wavering on this impor- tant subject— confirm those who advocate a change in our policy— and induce those who are opposed to that change, to reconsider the subject, laying aside, as far as practicable^ inveterate prejudices. I commence with Thomas JeflPerson, whose early opinions on the subject have been often quoted against the protec- tion of manufactures. (C it Where a nation imposes high duties on our productions, or prohibits them altogether, it may be proper for us to do the same by their s^Jirst burdening or '* excluding those productions ivluch they bring here in competiHon -with our oian " of the same kind ; selecting next such manufactures as ive take from them in '* greatest quantity, and -which at the sametime we could the soonest furnish to our^ « selves, or obtain from other countries ; imposing on them duties hght at «* first, but heavier and heavier afterwards, as other channels of suddIv "open."24 ^^^ Next appears Alexander Hamilton, a tower of strength on this subject. " There appear strong reasons to regard the foreign demand for our surplus ' "produce as too uncertain a reliance, and to desire a substitute for it, in an " extensive domestic market."26 " Manufacturers, who constitute the most numerous ciass, after the culti- r » • * • • ' f . ■ y. . I 25 Jefferson's Report on the Privileges and Restrictions of the Commerce of the United States in Foreign Countries. 2«Hamilton'sReport, p. 35. ^ \ .''■ v . ■ 10 •' 'i w ( 74 ) *' VJitors of land, are for that reason the principal consumer* of the surplus « of their labour."27 ♦* This idea of an extensive domestic market for the surplus produce of "the soil is of the first consequence. // is, of all things, that -which most ef- **fectually conduces to a fouriahing state of agriculture.**^^ " The establishment of manufactures is calculated not only to increase ** the general stock of useful and productive labour ; but even to improve " the state of agriculture in particular; certainly to advance the interests of •* those who are engaged in it."29 " Though last, not least in favour," Dr. Franklin : — «' Foreign luxuries, and needless manufactures, imported and used in a «* nation, increase the people of the nation that furnishes them, and diminish the •* people of the nation that uses them."^ «* Laws, therefore, that prevent such importations, and, on the contrary, ** promote the exportation of manufactures to be consumed in foreign coun- " tries, may be called, (with respect to the people that make them,) gene- " rative laws, as, by increasing subsistence, they encourage marriage."^^ ** Such laws, likewise, strengthen a nation doubly, by increasing its own *^ people, and diminishing its neighbours. "32 I shall to these strong and pointed maxims, add the sen- timents of one of the most able political economists of Eu- rope, Anderson, who wrote a celebrated treatise on the pro- motion of national industry. " No earthly method remains for encouraging agriculture, where it has «* not reared up its head, that can be considered in any way efficacious, but the " establishing proper manufactures in those countries you wish to encourage **^^ « If a manufacture be established in any rich and fertile country by con- evening a number of people into one place, who must all be fed by the farmei^, " witliout interfering with any of his necessary operations, they estabUsh a « ready market for the produce of Ju3 fai^i, and thus throw mo?iey into Iiis hands, *• and give spint and energy to his culture."^ " Insurmountable obstacles lie in the way of a farmer in an unimproved « country, who has nothing but commerce alone to depend upon for provid- " ing a market for the produce of his farm.'*35 ' • The case of Hamilton, as I have observed on various oc- casions, is peculiarly strong and striking. He was the ac- knowledged leader of a powerful party, and, as such, at- tracted a ten-fold share of the hostility of its adversaries, at a period when party spirit raged with extraordinary vio- lence. Of the manufacturers throughout the United States, 27 Hamilton's Report, p 35. 30 Franklin, iv. p. 189. 3i i\y\^^ *3 Anderson on Industry, p. 70. 28 Ibid. 29 Ibid. nine-tenths were jealous of him, and hostile to his politics. His associations were chiefly among, and of course his bias leaned towards, the mercantile corps. He could not consequently be suspected for a moment of being led astray to favour the views of his political enemies. His maxims in favour of manufactures, are therefore entitled to the highest degree of attention. Had he declared him- self averse to their protection, there might be some reason to suspect him of being biassed by resentment for the hos- tihty of the manufacturers, and by his predilection in favour of the commercial interest. This able statesman directed all the energies of his powerful mind to this great subject, m pursuance of a requisition of congress. He availed him- self of the knowledge of all the writers who had gone be- fore him, and embodied in a small volume the collected wisdom of ages, one of the proudest monuments of practi- cal policy which the world has ever produced. That this is not extravagant panegyric, will not be controverted by any man who reads it with due attention, and with a mind un- trammelled by plausible but deleterious theories, fraught with the ruin of those countries which are deluded into their adoption. Tested by the experience of the prosperous as well as the wretched nations of Europe, his maxims stand the severest scrutiny. I well know how unpopular many of those sentiments are with a large portion of my hearers, and of this community— as well as the odium that always attaches to those who en- counter public prejudices. These considerations have great weight, and would be sufficient to impose silence on me in any cause of minor magnitude. But convinced that the " wealth, power, and resources" of the nation, as well as individual prosperity and happiness, are deeply interested m the question, I could not for a moment hesitate to pur- sue my course under all the responsibility with which it is connected. *- ^f .. ri' .. ..I ^ • I • \ U . r 32 Ibid. « Idem, 37, 35 Ibid. MUTILATED TEXT NOTES. Note A. page 13. The statement in the text, however incredible, is borne out by the decla- ration of Mr. P. P. Barbour, who ranks among the foremost opposers of the protection of manufactures—" Within a few years Great Britain, after suc- "cessively relaxing the rigour of her double colonial monopoly in her West "India Islands, has extended the system of free-ports to almost all those "islands; and the Uriited States are now enabled to import that colonial produce ** in their o-wn ships instead ofreceivins^ it imported in British ships only** Mr. Barbour's speech, page 27. When such men as Mr. Barbour fall into such egregious errors on so plain a subject, can we wonder at the mistakes of our legislation P Note B. page 16, and Note R. page 56. " If we must not purchase the manufactures of Great Britain, the latter •* will not purchase our cotton, rice, or tobacco." " I appeal to men conversant with the subject, that she can Supply her- "self m half a dozen or ten years elsewhere ; with rice from the East Indies, " cotton from Brazil, and tobacco from the Crimea, She does not, because ** she purchases the raw material with the produce of her own warehouses : " and the trade is mutually gainful."— /wd[§-e Cooper*s Tract on the Alteration of the Tariff, p. 14. " The United States must prepare to see the East Indies, the Brazils, the •* Black Sea, every quarter of the habitable globe, stimulated by bounty to " itself and by restrictions upon us, to take our place in the markets of Eu- " rope and to leave those commodities [cotton and tobacco] upon our hands !" — PhiladelpUa Memorial, Note C. page 18. " Goods ivere imported to a much greater amount than could be consutned or paid *ifor** — Minot's History of the Insurrection in Massachusetts, p. 2. " On opening their ports, an imme\'^9 quantity of foreign merchandise was " introduced into the countinj, and they were tempted by the sudden cheapness of 'imported goods, and by their own wants, to purchase beyond their capacities "for payment.'*— Jlfars/ifl/'s Life of Washington, V.p. 75. " Silver and gold, which had circulated largely in the latter years of the war, " were returning by the usual course of trade, to those com iries, whence large " quantities of necessary and unnecessary commodities had been imported," Bel- knap's History of New Hampshire, II. p. 356. ** The usual means of remittance by articles the growth of the country, was' " almost annihilated, and little else than specie remained, to answer the demands *« incwred by importations. The money, of course, was drawn off; afid this being " inadequate to the purpose of discharging the whole amount of foreign contracts, " tlui residue was chiefly sunk by the bankruptcies of the mjtor^er*."— Minot's History of the Insurrection in Massachusetts, p. 13. "Laws were passed, by which property of every kind was made a legal ten- « der in the payment of debts, though payable according to contract in gold or " silver. Other laws installed the debt, so that of sums already due, only a " third, and afterwards only a fifth, was annually recoverable in the courts " of lAW,"—Belknap*9 History ofJYew Hampshire, II. p. 352. Note D. page 18. * "The bonds of men whose competency to pay their debts was unques- " tionable, could not be negociated but at a discount of thirty, forty, and "ffiypcr cejitum: real property was scarcely vendible; and sales of any arti- *' cles for ready money could be made only at a ruinous loss. The prospect «( $t €S «of extricating thecountry from thoseembamssments was by no means flat- « T'"^\ f*'T' f"'"''"^ labour and national wealth, ^a. consequently d.»mni,Ae>« "«»-e emba4ss- The annals of the civilized world cannot nl„ ' partial tariff, than that of the United C ^ '^ ' "'"'"^ oppressive or ditable to the age and the „at.ol f '*"'. '"'«='^'^ '" »816. It U discre. mer used whollyand .he !tter chieflvTT "' '=°"-"---. the for- low rates of duty-and, 1 reneat n ^ ^- ^^'-''^^ ^^"^ ^itted at wholly by the poor, were slee; TTTT °' "'^' """"^ "^ «- -ed synopsis of some of its lead S^-es n"' ''"""• ^^^ing short of, oaious system could have bef„Xt,rtt::S^^^^^^^ Tariff of IS\6. '• Bohea tea paid 12 cents per^lb "'"'^ »„ , percent equal to . . P ' ."• 120 f ""' ^?'"'. ^*'''' P"-"'". and dTa cC °r^ *«" 25 cents, equal to 150 Ts w'l T^^^^'. ""^^ ="' »«'■ r eqtlTo "^"■' ' "=""^ P" -si l^r ^ °' ""^"^ "f ^"•'J 100 I Watches, clocks, ,ime-pfeces.'tar- ''^ ■ i«0 I table cloths, silks, sattins, Can- 42 I &c" pTd""' ''"""^^''^ S»""^. I doles, lustres, &c. /'S™" ' '''.., \ Superfine broad cloths, kersev - • \ "J""' "Chintzes, calicoes. Cash. \ ff* *!«1 merino shawls, Brus. i sels and other carpets m U^£irh1ftu^^l/^«° I '''^r-"' worth of silks, sat- I50d:Lrs ;ort,;„f bJhe ." ''' I S ""' -'^''"'°" ''"•"'"', 180 dollar ronl'^ol'^cUTse ^«%^ ^^^^ '""--rth of china, gi.^^«^ __ brown sug^r . . "^gO ^ ^*^";^»'".'"stres.andplafed i '='°*'''">enno and cashmere I shawls, chmtzes, &c. . 300 ; 3600 dollars. .~ZT~ Thus 550 dollars wortb of ♦ * Jollars worth of silks, sat.insVc:;.:!;';;"^ "'^'/f '^ "^ "'"'^'^ '^^'r « ^W ""•oaacloths, cashmere and Merino :h::,\f^^^^ T'.r""' ^''""''°"='' ^> «c. &c. To the reader's good lb. equal to . . Sak 20 cents per bushel^ equal Molasses, 5 cents "per gallon equal to . . ^6«»iion, 20 25 y TEXT CUT OFF )l. ( 8( sense I put the question, whether such an odious tariff, by which the poor were oppressed, and the rich highly favoured, does not savour more of Ve- netian aristocracy, than of a representative government, in which the elec- tive franchise is more generally extended among the poorer classes of so- ciety than in any other country in the world ? Yet this is the tariff, every altera- tion of which has been resisted with as much zeal and ardour, as if the in- dependence of the country was at stake. Some trifling alterations were made, during the last session, in the tariff of 1816, which increased the duties on plated ware, laces, European silks and sattins, and some other articles of luxury, 5 per cent. But even now 100 dollars worth of salt, or 180 dollars worth of the coarsest brown sugar, pays as much duty as 900 dollars worth of European silks, or as 600 dollars worth of superfine broadcloth. Merino or Cashmere shawls, chintzes, Briwh sels carpets, &c. Note S. page 57. « The New York canal from Buffalo, on Lake Erie, to Albany, according "to statements recenUy laid before the New York legislature, will cost « 7,597,271 dollars. The far greater part of the stock ia held by BriH»h capi- « /!&•«<«."— Colonial Register and West India Journal, May, 1824, page 58. Note T. page 64. While our government has burdened the raw material of the important but struggling woollen manufacture, with an immediate duty of 20 per cent.-and prospective duties of 25 and 30, the British government has wisely reduced the duty from six pence to one penny per lb. Note V. page 69. I have not been able, after a most diligent research, to procure the report of the secretary at war, soliciting a repeal of the non-intercourse law— but I annex the proceedings of congress on the subject, which arc equally con- clusive— House of Representatives, U. S. Jan. 2, 1812. « A motion was made by Mr. M'Kee and seconded, that the House do ** come to the following resolution : « Resolved, That the Committee of Commerce and Manufactures be m- «« stmcted to inquire into the expediency of authorizing, by law, the intro- « duction into the United States of such foreign goods as may be necessary "for tl\e usual supplies of the Indian department, and that they have leave •*to report by bill or otherwise. "The said resolution was read and ordered to lie on the table. " Mr. M'Kee laid before the House a letter from the Secretary of War, « addressed to him as chairman of the committee on Indian aflfairs, stating " the difficulty of procuring goods suitable for the Indian trade, which was also « ordered to lie on the itibie." —Journals, 1811—12, p. 214. Note W. page 71. Extract from a late London paper. " England may be denominated the " Great Banking House" of Europe. AVithin the last year she has loaned to other states, over 50,000,000/. The following is a list of loans paid or contracted to be paid, in 1824. French Dutch Colombian Brazil Portuguese Austrian Peruvian - Carried over L, 19,900,000 i Brought over * 2,000,000 : Buenos Ayres - 4,000,OOU I Greek 2,500,000 i Mexican - 500,000 I Spanish - 500,000 < Mines 2,720,000 ^ Neapolitan Z.32,120,000 I Total L. 32,120,000 1,000,000 892,000 8,800,000 5,000,000 500,000 500,000 X. 50,512,000'