X
(
it will be speedily, accomplished.
And iuvely no work is ra'ire worthy
than thifj r)f the constant and unwea
ried exertitine of every frieniof CM,
of mankind, and of his country. The
B&t is the., revealed will of the Al
mighty and the oaly inf illible source
6f divine truth which he has (ven ji
to' xlisuntruish between tight and
Vf otS"firrevea!r rotrrthrgiorie
. beaten -which await the wicked And
ov-i .... f M--"'..Ww.ijr-aVW-
ier truths aretattgM w-tw uia.
'.'bapayrVicr
will be admired and aoUjjht after.
The risng generation of our UIghly f
votired Und will advance in virtue and
holiness as they advance in years, oar j
institution! boxh civil and religious j
will become more ctimeroue, ooMe
and perniaoeot the basia f mir coun
try, bappineaa. will be th virtue of
IIS wnnuetauw inu ui vTV,u
. meot with the amilel of the Kinjj of'
Heaven reating upon it, ah all continue
the envof nations, until the hat day
of tirde. I). F. It.
SPEECH OK Mil. M DUFFIE,
, 'jjgaikst the rrohibilury System.
: -, ("(UnliHtMilJ - .
Such afl Idea never would have been in
- dulled for a mementt bat for the dis
gos wdjrmjnjwch Indi rcf faxes optr
. ate apoejonvnunKr
-"" confusion in which it jnvtlopd, I will
advance 'another step in the process of
simplification. . I maintain then, that an
import duty imposed upon ihesc articles
of foreign merchandise, which r receiv
ed in exchange for the domestic produc-
equivalent, in the existing state of our
tbmmercW relations, to an eaport duty
levied upori the productions of the plant
IhjptaiesTti : precisely equivalenr, in the
CXiiunK iiate oi our commerti, rewHtuira
to an export doty levied upon the produc
ttons of those States. A very brief exam
Ination of the actual state of our com
merce with Europe, will satisfy roe
House, that those articles of merchandise
which are now imported principally from
Great Britato, France, and Holland, In
exchange for our cotton, tobacco and rice,
are the only articles which can be obtained
j- . - . t ' . '
hQtexounrtes,.ior t.ne pronucuons we
TJorrine'TiierenarMiiae, on wwea ai ii ev ,
'fcrniTT 'ifiaTXitV 'reicTieiriiM" TOiiit "nTrftw pay r toll of lorayr
prohibition. . 1 am aware that a notion
pretslfa, and I hsve recently seeo it
?favrlv-iatiirrtl-MMribir-of-the
North American Review, that if we were
' to nrohibt absolutely and entirely the im
portation of all those articles which-vit
. .--- - -,-
BowJnorl from Europe, in exchange
fay oy et toor that u reaL.lritam ,. an J
France would atlll couiinue to purchste
"the same Q'tamity cf that, staple as ihty
did before the proliUmiou; und that in
Stead Of paying for it with merchand;ae,
L they would pay for it with money. This
,ii an argument of aome plausibility, and
may imposo upon persons unacquainted
.with the laws of commerce, and the func
tions of money. But to persons tt alt
familiar with these important subjects, it
can appear in no other light than as a
fcrjis an3 palbabte abnuridity. What, sir,
Is commerce between nations, but a tnu-
..luat exdaarjeuiXjJiwtuirdcleAJ)!. jnirin..
- sic value, which are mutually produced
"nd consumetby ihe'n'aUons wlo e7rfy
it on. Great Britain, for example, cannot
purchase our cotton, without giviog fai
it directly or indirectly, the productions
of her own industry. Having no mines
or gold and silver, she cannot pay ua in
thoae metals until she obtains them from
somtother country in exchange for the
Srodqc'iona of her own industry. Fjut un-
less yOur duties rncrcae the demand of
the countriee-having- gold f end-silver
. mines, for British merchandise, and also
i apecir, Great Britain can neither sell any
more goods to the mining countries, nor
'. purchase any more. specie from them,
' than the did before your prohibition
; Tour refusal to take any thing but specie
for British merchfcndise,therefore,iarufu
liing,ta,take anythingibut that which she
; cannot give, . iut the InQuiry docs not
; txhaoalible mwes of ihf precious raetalsTj
There would still be wanting one of the
commercial exchange, to runner it advan
f tageoua lot ua- lia Tcceiee.ipciin return
for our produce." We have" no' use" for
my more specie, than we already pos-
ss It would be extreme folly to think
cf Importing apecie, aa an an)cle of con-:
tumption, in the United States; We can
ocither eat it 6or wear it. Ilia not an
article that w want fer consumption. Ita
prio'P! u at the basis of our circulat
: ' .1 r. .i . . :i
inir medium, anrl hr that purpose, ihe
supply is alrcerJy ample, which we derive
kom our direct trade with the mining
jctymtriea.. Suppose, tbe, auplo atatoa
were to irnpift annually, if, such con-1
summve folly may be imputed to them.
tuny, or even twen'y millions of Specie.
Whit would they ib with it? Of what
valaa would it to them . We should
have no demand or use fur a fiftieth part
of it in the U. Slates. To what country
men, ehould we export it ? To Mexico
or Sou'h' America I They are tne coon
triesirom which it orzitnilv. cams. T i
Great Britain, or France,' or Holland t
Ttiesc "are the lountriea fron;;wmehrtt
on the supposition, we should rectiva.Jt.
Bat even if we c6uidES& aiardtt:: as
:weecdvev'iiriHn;-.M!,kvahat,i.n.oLi
rTm.llJIlT'WT "I-, n''ri !-). J- . -V. 1
nm-ria a an antr a 61 commerce. wr.ni
specif aiXnrTftefrftjJfllttarttrTffal'
ue, that public writers, have, fallen Into
the strange delusion which 1 hAve ttfus
aitempted to expose. Specie, as an ar
tide of irade, is subject to the same law
that apply to any other ertitle of com
merce. it Ss only between tne nations
that produce it, aalthoje which quiro it
It for actual ui that can be an article ot
profttabla. Betwesn all others, it can
answer no other purpose than -tout of a
common circulating medium, by which
the accidental balances of their annual
exchanges may bo adjusted and paid. L
think, then, I have shewn that the only
articles we can receive advantageously,
from the countries which' consume -our
agricultural staples are those which are
produced by the industrv of those conn
tries, and these are precisely the maou
faeurs which i 4s the design of the'pro
hibitory system to exclude altogether.
Bjt, whatever may be said as to mat.
erof theorfr Wfw1 fn srtertatnd
iif uter ollact. Highly - ,
have taXftil the manufactures of Great
Britain. France, and Holland, we do ac
tually import those manufactures, almost
to the precise amount of the agricultural
staples exported to the countries in ques
tion. . We find it more advantageous to
import the productions ol those countries,
under a tax ol 4J 'per cent., tran to im
port specie free of duty. Such being the
actual tae of the trade in qucstioi, diss
it Jiat follow: th it a hjt n port -t tw, norts
of cotton, tobacco, or rice, would not he
more burthensome to the planter, nor to
any other interest concerned, than an
equal duty upon the. manufactures re
ceived in exchange for thoe exports ? No
ingenuity candraw any substantial discrim
ination between the aciul operation of the
two kind's of duty. Can it b? at all ma
terial to the planter, whether he pay the
.dwyjopM) the .cargo... he sends out, or up
on that fthich he trrinjjs "bid t To gtve"
"Pan Nmon he sent to ma.ket, than
it woolil bp to pay the same tort on the
goods he reccicd in exchange lor it t
The question is tof nlsin to be artru-d
It would be simply the difTnrenre between
s ne retui nefl hme. u, -4heivihr U
lies were" levied npon - the expert f ur
prbducliohirivhif W
argument (hat t'nc ronttmer pays the
whole of the duty I It ou!J be too bsiml
for grave consideration.
As our cotton, tobacco, and rice, are
consumed in loreign countries, it would
follow, according to this argument, that
we levied our taxes from foreign coun
tries. It would be only necessary, there
line, to transfer our impost duiius from
import to exports, to exempt oar cim
sens entirely from the burthen of our
own taxes, and throw it uoon the sub
ject ofother mtions.
ljt, Sir, we cannot make foreign e rs
pay the iaxe, we impose upon our own
U'izens. The market of Great Britain,
I r example, regulates the pi ice, as well
of tha cotton we export to that country,
as of the merchandise we import from it.
fJoes not every man acquainted with the
the commerce of the country, know that
the price of cot ton at Uverpool, controls ai:d
that the price ut that article in Uverpoo!,
depends upyotrduttes,bHtMnTn
supply compared with the demand a !
States but from all the cotton, growing
regions of the world f And on the other
hand, does any ,m tn, suppose that the
price of Biitish merchandise in -New
York, controls and regulates the price at
Manchester f The price of this mer
chandise depends upon the general de
m nd for it in all the markets of the world.
For the same reason, therefore, that a3uFv
upwTheM
the prioe of that cotton in the British
ish merchandise cannot depress the price
.JhflJJKdseJo -Ihose markets.
The American coti6n'p1atite7"tlen,' pay's
a duty of forty per cent, upon'the export
of his cottons, or which'is the same thing,
upon what he obtains for it, end cannot
indemnify himself tor any part of this du
ty,by raising the pi ice of his cotton, or
by dtminishiog the cost of the mercban-
diae he receives in exchange for it.
tnu -'.f 1.' rt - 1 - '. . . - ,
Whotfien, ultimately bears the burthen
of the tax t It is evidently levied from
the producer in the ftrst instance for
the merchy who hally p'ayt It, is notF
1 ,
in j more than the agent of the planter.'
Upon what principle of political economy
then, can it be maintained, that the whole
burthen of the tax is ultimately thrown
upon the cduaumsr, on whom it Is not
laid by tha i govcrnmsnt end that no part
of it rests upan the prlucer, where the
government originally placed it ? The
nrodiicer has no tnwer to throw tHe
ths whole burtheri from his own should
era, "and plaee It upon" thai of the con
."earner. i It' gniiitl,l),mj)iU,U?Pjpdj.ijiaq
if he had. Toe yuth ia, that every duty
levied -upon wtfUow'hetJtf direct
indvici,, W4ih t M. -MMil 9. . f ! ?.e
WOOt I wnemer W. CAUurn or iiiiuuii umuioi
.M-..'..... 2,,'!.:r.y',..wwi
..ifc. ....... .... .... . . ... 1,. A .A -: ... ... . a. ..T T.
' -
cballr as a tax uj a i iho producer. Sap
pote, fr example, tht an escise du'y -f
forty r cent, were all at once levre.i
uo;i tats. Tne tax would be collected
from 'he hitters.. Tney.wouW actually
piy the money to the governmcat.
Could they immidiately raise the price
of .aats in proportion to tne il lovica up
on them i They certainly couid no
I'he only, possible m sans by wuicti they
could raise tne p ice of hats at all, would be
by ttye dimi Mining tne pi ffactioiVof them
If u,piy was not di'Utuu iel, a r the
demaiid increased, n i addi:ion wiuiever
coU'd oe made to he price Now a Ux up
on any artide, ceitatniy doe not increasc
the dein id tor it. Un it the-aupply l
dimintsnel. merefore, by the wnnJrawal
of sims ol th se engaged in mining the
arlkki tne price canon be ennance'J ;
and this withdrawal can only be nude
slowly aoiii gradually. Lot it be remarK
ed thai, ii is oniv b the faculty of aDan-
doninir the br--"" r industry suojaeted
to a tax, anu engaging in sorue ot liei mar
is more profitable, that the producer can
throw any in aerial pirt of the but then of
taxation upon the consumer. If, there
fore, a lax were laid upon all the o her
productions of the community, equal to
that supposed to be Lid upon hats, the
teTo'flot4vd wy teiwfoy iew
ing to other pursuit Tney surely
w mid not leave an employment to which
inejr were trained, and accusmedj jud
in which their capital waa already inves
ted, to embark in a new and unaccustom
ed pursuit, aubject to the same ijXj'Ioii.
Such a change would not relieve- them
from the tax, and it would deprive ihem
of all the advantage ol their existing.in
vestments and acquired skill. The re
suit would,, therefore, evidently be, that
the tax. would fill almjt entirely upon
production, f aerc would oe a general
fall in the profit oi capital and ihe wages
or labor. J he tax would be paid by tne
Iff "Cortse-
price of his pro
praporuan to
If. rQW. whatever rlinm,tjinr.a in ma
vt ...
... """-
coudltua of ny class of producers, pre -
vent thsm from promptly ud easily trans -
dmstances m-wuicft ney-jua.pice4. 0f h(Mftv-iarueaUflloi?.u.Silwj!i
fernnC theircaptral MtI laDOT,- lromthep.inCfpie, of "G-enefaT ' Ifu'tTiiUon; never";
pursuits in wnico tncy are engagod to
21jL'.'Vve',t yL2ibLLji&uLi
ceia lioin rsisiug the puce ol ibtir pro
4ucUoa4, in cunvqueoboJ'By uk whioh
.m'y7"Tmp.ied .upjn. tham r;andt of
Louise, from throwing tho ouubea ol
that tax upon the toasuncrs.
Let Us iov apply these obvious and
wel! established principles of political
economy, to the ac'.u ,1 condition of the
poutiiern planters. The government has
Lid a tax I will a-siMic it m be fjity
per cent upon the productions of their
industry. What is tne power tluy pos
sess to throw the burttien upon the con
sumer ? Can they diminish their produc
tion, in consequence ol .ne ux imposed
upon their siaples i Cm they reaort to
.. I . r
w!I,WTcm nronr:im5n 0t
-uua i.er rr engaged,
even with the burthens imposed upon it f
bir, I answer, from .my own knowledge
and experience, that tin y caainot. Noth
ing could be more impotent than any at
tempt to raise the price of their cotton in
foreign markets, by diminishing their
production of it. Their great and princi
pal market are in foreign touiuries,
JKhac thcy-jaaet camihiMrajUwHq
the cotton growing regions of the world-
n we- were to diuuoiah the . auin.itv of
iur uwii prouuciion, mereiore, witn a
view tu etitiance the price of ojir mp6T
we should only create a vacuum in the
foreign markets to be immediately filled
up by the cotton of South America, Egypt,
Greece, and the F.ast and West Indies.
We cannot, therefore,, diminish our pro
duction, with impuniiy. It would bo a
fa! Paljcyjf3LPffhoul.J ditniubh ,hj
demand for our cotton, am) nptn a mar-
ket for the cotton, of other Countries, in
exaaly the, same proportion. Tbare is
noitber jhlo"ophy nac.MmtarMi
t.ie idea, that a tax linobed upon a brauch;
of productive industry, which leptnds
.!.. eiclusiy.y :J;pujforeiijcpuntriei
for a market, can be thrown upon the con
sumers. Foreigners, Sir, are the princi
pal consumers of the productions cf
Southern industry.
..':T' f T t continue J.J
A -certain Juatice of - the Peace,
would X)ny hear one of thte partiea ia
a case before him, because it alwjyt
butzled htm, he said, when he heard
both ", - -'"t 'j..: : ,..'
r ' - - -' - - '
ixtrairfrU rW .
Mr. Jefewn t Mr. M'Uh.
TB pisTiscTioJ iaiwe'i -FEDERALISM
AND REPUCLICANISM.
The principle of difference between
the two great political parties here, you
conclude to be, whether the controlling
nonen shall be eated in thkpr that set
of men.' That each parly endeavors to
get Into the administration of the govern
ment arid to exclud ti otncr irorn pi
et. icue. ndnm be Litated as a motive
of .nlnn t but this is only secondary J the
pri mary-mbtitre beinp a -eal end radical
dixepclrpo!il principle. ; V am
icerelv WISH oar Uincrcm.ca
..... ,. " ' t . .1
. . - '. ..." "IT "-" 'a-'"-'!-" ,. - - ...., .,
otherwise t aaJ the alwxdoa oi,prejfercnce
between rtbnarchy and republicanism,
which has so long divided mankind eUe
n?rt, threateni a permanent diviioti
here. ,
. Among that section of our citizens cal
. t t f....... " 1 cr r ri
led f.-Jeralists, there are three ahaflea oi,tnenap?ycon.cHiwmv.UUrf-.,lulB
,pi'.iun. Distinguuhing between the oWerM eninca of peruabn in the bngf,
Uatemtni fieofite who compose 11, tne
leaden conaider the L uliah . coiisiuution
as a .Torlrl of i,ert"ectionP some, wi'h a
correction of its vLea, others, with all us
corruniions and abuses. Tids' last wastg
Aljiander Hamilton's opinion, which
otners, as well at myselt, have ileniwi,ns -jch Tariff and aeductlve astern rf
heard bim declare, and that a Correc.ion
of what are Called its vices, would render
rs a- . . , t r.t
.be cpgusn an impracticao.e K
This government they wished te .have es
tanusneu nere, anu omy atttp'tu
aeld fast, atjrfi, to the present constitu
li.m, as a stepping stone to the final es
tahlishment oftheir favorite model- This
y iharfure flung 10 Co)(-
Jahd, as their prototype, arid great auxil
iary in promoting atd effecting this
chdhie. A weighty minority,' however,
of Uiese eic r, considering the voluntary
conversion of our government into a mon
archy as too distant, if not desperate, wish
to breik off from our Union its eastern
fragment, as being, in trull), tha hot bed
I5f teTrlf WTrrcrn5rt1tlm, "wf th-a re w- to
a cornmnceuient ol tiieir favorite gov
eminent, from wSence Ihe other Stales
nav gaugreae by oVftAvtn'J the whole
be tnus brought finitlv to iho dtsircd
point, for M issaehusetts, the piime
mjver in tnis enterprii", is the last Srate
in the Union to tuefin a firm! separation,
as being of all the muM dependant on the
o'.hers. Not raisins bread for the stisten
ance of ber own inhabiiatits, not having a
aticit ot limber tor thi construction ol
vessels, her principal occupation, nor
an article to export in them, where would
she be, excluded from the porta of the
on ungtano, ner oirecr anctTaxaraT, ri-
;.. . .... .. , ... .
" HI'WIUM,, flH v4tlO VaU OS iniSI
-..-... w i . i i i.iniiMnr m-!
i . i, . ii ... '
j unto oi .'lassacnuscus. nunneMAJOR
! tTy 0f the8e Wtrrj do no: aim at separa
1 !lou. In-it.is, tl.ev all.cre tithe known
ln(..r any vie ; l(, h-ojk the Union
then, are he.jsrinciple of the lUstx frd-
cra.?H'.t P???!. hfcej
iitc..fl.a.m5tlMn.U!L'J..(!vd
alone, that of the portion among thchwUV
who call ihemsdvrs federalists. These
last are as gt,o:l rcpu'ilicnns as the bre
thren wliuin thev oppose, und differ from
them onlv in ;he duvoiiou to England and
lutred of France, which hhv ruve im
bibed from their leaders. Tne ncTi. ot
tht thew leaders should avnwrdlv pro
pose a sepraiion of die Union, or the
ebtaUishment of real government, their
poplar vlhcrents w. old q.jitthcm 10 3
mm, and join the renuol.can standard
and the mrtiins uf t!i rh . :..
r,. . . - ::s..'. - - ,fclJ -
Massachusetts, .would Ihusfiod themselves
M army 0f olficert ,vilh,ut ; 9lljle
The party cillert republican is s!enlily
for the support of ihe nrcsnit tonsiiiu ion,
obtained, at its commencement, all the
amendments toil thev (Laired. Thcae
I econc"cd lh" perfectly, and if Ihey
' . v'c'11 ls ""'y, pethaps,
, l" P"lK1,J,',e 11 ,u,,i,e by shorteninK
rci lur Ihr rrrmiKiKilit u ..f ....1 . .
""X.u . .V". ,nmC
They esieev lhe ople tif Eir1rrtt
r ranee equally, am -tu f!r.t
itnv.rnlnir und.n nfl......
T I.. u ' . . .
1 Ins I verily believe, after -n hiimacv
r inr,u Li.i. .1.
o! lorty years with the DUb Ic counci a and
chiracters, i.a true ttutemctit ol the
grounds on which ihey are DrcsentK U"Vy- t wlb,t,.B
divided, and that ills not merely an. am
bition for power. An honest mn e n
feel no pleasure in tie exeicTnj cf jwwf r
over h;s Icliow ci'tzenji. Xnd' ronsuler
sayv th itrttVB - anr.lcgK
tfons of ihe General and Stale rnvi r,
tH.ntl.,h. f nmm.M .f...... -f .. S x
muTfipTcJ r e sTnationi, ar e pfoofu iii f
: .i. .. . . .. - r 1 i
"ai .fowcr t aHunnR6 pure
orl1 ontl.eir od, . , ; ;
of it; it is that on whicb4 hJ acted ,h ROt T'1 hmTA
and had it been a were cutest who'sHoutd WlA "ffney the lari.T.'. .Would
be permitted lo administer the imvern
ment according tofi genuine'repyblican
principles, there has never been a moment
of my life, inwhich I should hate telin
quished foit the enjoyment of my fsn
iij: , mj jrfm niy.friend?i and borAs,"
'-:
t'uT iva rni4 aiur etr.ivn.
JULY " li, 1330.
;rj ll'e art aiithtriztd t annmHce Cttj
PitER Hoxs, d a -tawlidatt, tt rrp-titnt tin'
iiutiiy if Liniiin, iH 1M hiut f'-Cmmnrxjf
ih Attrtiachtnr UritUturf. '.
?.W'.-f ......
.'.ve mmt apologise to our reaaeraTor nsvinjf
aeoutlves, during tUe pant Session of Conren,
In opposition to the jiroLibitory and proect'm
system: Hut elor un,r,freton ik1 truth hivf
been unavailing and liae pro.luc.ed none of
j n'I incurwjuea Uays w we aurpuuiic. augur.
tha said, with a sulftcieiicy of he coull
n.ircha'e Home i Walpole declared, in the is
ccnty his heart, that there vai no man in ths f
p4rliment witlim'it his price and n-i
1J(jnrv c!g anJ yjanirl Weba cr add that
rutemal Improvement, they hove purchased one
half of the United States. They have acjora.
: yM . (e MdMy of thil nfpul)ick( ub4t
w
rgurth
abandoned and profligate agea of liome and
England. With what I'oartul apjrebeniwt
should tha devotee to the iutigrily and inis.
pon Jencc flf his jioun'ry be : sctx.-d? One hatf ul
hia country bought, and the libertiei of tha Kit
invaded by the mon diti ig and insolent ty.
ranny ! .
We will resume our remarks upnn tho speeca
of Mr. McDulTic. The clear and lucid msoatp
in which he evos a the injurious operation e(
the tariff, cannot tail U wrk conviction upoa
alt unhi'i'serl miiuh. It ii not a tariff uf Whkh i
air. Mcuuuie cotiipiiijiis, o.u me unjasi sntj yn
ef lal principles upon liich tue present syiteia,
.of duties, rest... , 1.
1 he m'.;iI;T)rpi-ov'i3in a revenue for theiyp.
port f ttte Oovernrneiit ui' Me U. f, by meani
of indi.pct taxation is one which 1iaa proved t
pedicnl and salutary in all well regulated gov.
emmonts, and none could be mum suitably
adapted, in th opinion of hta'.ismrti, to lie-
piiblicki. Hut thi' wisciit sv'ste.n my be abuud
j by ttrai'iing its pui poes tmi tr, nd overstep-,
' pinf, ,he bo'tml, ot prudential legislation with
j r.gard n u We h4VC exjjerienced the happy
'i,. :.r ,'.i,.,, ij n..u.xu j
v , i r , ,; jL
iKCUonoriuatalicrLdhjiLiaior duller -wbjeft
L.,..T.. ... r-' , PI3
f " m-yrrr r ....... ii
' - . . .. . . . I" 3.
' i-nnitii mm this iiiuntrv. I
i Tlu' '" rate (,f dut'c, UP?
' importations .mist wortrfreatl -to the prejudiis
the'epintlwral-roMUM-wtand caunoUii
; to emicr, the commcrc ai ngent or original in
to tbe .uliarll
West ire clii fly occupied in tla tillage .of Die I
ertli--tlve' to- t'ii 'JWrth" aBJ-"E4vaW-ea'
in ewimereiaTrsuitV
con.q-ienilv the VnjurWscW'iTlpw
,.r,iv ,., f.il .11 i- ,;n,,T.i 'm il.t
country, immcJintuly upon its. If, lien vrlaf
high iuties upon aiScKt of foreign inaniifac
tn.e, v?cnuM at the- rime time raike the priet
of our produce, in prnpurlion to the rijr (ifrl'i
(ie thus impoacd upon foreign jrnodj, then ir
iced ut r'.iould not feel its tnjuri'insnnd blight
nS "P1im- l,,t' wc Vri' rextorple,
i H' Bmish m inrfurt,res nre not entire'
dcpmrlant upon ns fur co't.,;, vnee they caala
' abiint'antlv sntsBl'ed fS"" "thtT cotton rroalrf ft
- " - - c - - ,.-4
'countries 1 therefore we : .-.ax it Hcasesut,
I m
the price of tiut
-rue;
in th FfigS
n:,'-i,s. The pw,"'
' supplv, usually cat
"s-.mi' ir.ot Ueiiifr., ''.at
. ... .
tru-u ;, tne t.nt.-.-ii tmratl
f-o h the U. S. do. n.n comrnl ti.e price of
cotton, in Bnelr.ri.l. by anv means. I i- tiat
plain so be perceived then, il.at feUever price
we -imy obtain for our cotio i, the tiniMpt-
f,HU(. joes ot vary the vain-of a niclea which
.wasiiii.e ajwnntJ.iq tciuJluii
oar. immediate .eonsun,
y of thisy'enywn1c'rj
;aoe not prouure any casnRe, j
Poo la abroad. P'.-ovo. iiiroiites'ay. at KVft
1 that it must operate to mk Ihe rxpottinf
1 ,. . , .
i-( t- pay nHM-h h.uhtr foryforeign article', w
1 . b. h .
If orsnmprimi, than whpn jt more moderate rats
crn.atarea tie pay ia.
! ' 11,0 '7r,ei uri" imports, ami vm i-
RoutHcm Maters receive tkrectip-aH-UKi-own'?
for e xporjaf 'BiiTTt i .e';ni,liy correct flui all
Jrn,, , m,,i?. Ku m i'i, Smith. Tae I
.. . ... . JT
uirt of tlie (liiiij,Tion imnnrti but l torccs
t ,low. ,he importing mercbanti a canaiJerahil
. -r -t- r
hoe fta.kis re9t tlie distribution ot trie pJ
revenue, disperse its bentSis lJ''y ad ff
ititUtioiialVv, we rihouW iiearth'e hiirtnenof
ation without ' mainKurCtkctc'd .f r'tfw"'."!
tbe.reveiiue.for the leyitimae purpnses of
foveiimiiiTthe pt',& tiKHi-ti7.il &l?9&J
y, I t
f
r
.