Newspapers / Western Carolinian (Salisbury, N.C.) / May 6, 1842, edition 1 / Page 2
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i i f 1 1 -', . - . - is 'IV. v f IS ' '' . . v tr il Ki lt I I Tr . ifinmirws wtixnwifc JrlelJ u mr or i.mr nu irt ,,, ;, averag-i "t ieat iliroj m In , ft,,, i, ,,,.! ,!llM1MI,j Ur lor the ort- fivd y. ur. ,k1 which would ro.Jim the amount 1 1 hi proved for (., the hi ,( In twenty nu!lo:n fi hundred ihuuaaiid dollar. ron tin i;, 3ro ought to be deducted at leait five 'tutored thuttal fr ,., Bavin ,1(ltt )(V u wade i.t tha collection f m, cutonui whlch lhe Eonator eatiiiute ( ouo imlliou M hundred th hi .fn.l. I find taking a rriis ..f veir.t, under the tarill of JHS4, with it exorbitant fa tie, and, .0!e-l..(il great iiwroaaa of expenditure to gufcrd gaum muggl.ng aud fraud,, tbat the collation of aXbojian equal atim cist percent.. Allowing lhe earns rate under ibo.more simplo and moderate yatem of da'.ua, according 'even to the chotne oi the Sonalor, an r the c-.nt of collection, i0tea!t of ,h9 ,",n P'WW!, would U abvrt eight hundrvd and RAy thousand dollar, making H difference of. fcoven hundred and pfly ttiouu!l ; but fir the facil tty of cjounling; and to be liberal, 1 allow but hall million for saving. Thai wontd reduce the tu n lo lie provided ftr by dutie, tx twenty initio of dollar: and iho oust question-!, what rateot du'y . will to,Mcwarjr to tnoet tfUt nHuit ! i Here, again, I will'take tho estimate of the Son , atnr, aa the basis of my calculation, lie base bis tiatitnatea of the liiipoit, or iho pn.Ubl amount of the exports, adding fifteen per cent to tha for. nvr '..r,ihr i.r.rita of tfcylw nod trj)e. On this tasia he Mlimolea the probable amount f import . at nw ii.iii.lnd and nineteen nullum of doll ma, a ; aun prtibub'y ttoo low, takia the average of the next Ave yeara, f rwi.led the dutie ahall. be mod crate, and no a lverae unfnreeti cauiw should uiier eM.'. Frvm tliiaau.n he deducted ten roiUiou to n w ! iuierwt abrind,on account of the de'.il of the Slate; a aftm. fur the rcawn igiu-d by the Saantor (reii .Ve lijmpiihirtt tulnniTnif, too 4r, at hmat by three iiullioua of dolliura! . Do duct wcn million 011 tUat arcouul, aud there w mld be fc"t ojj hjitlnd and Iwelfe niilli.Mi. The 8!nat.r utt d.ucin l cilil(H.T niilliona lor article maJe free bv. the act of rW etra e"ion, not including Ci.Toe and tea, which he extimalea M 1: twaUa-uirilttwt, .. iiot"Tjsinl'1j the'TicdiiciWrt f ,h e'eo, ate.1, a tt ia clearly ajfaint io pro ii"no tha cooipr.miiae act, a tw)ond the er , manetil free list providud (ir"by : ttaict. H'b.u wi 1 ( i, an. hi t wiiin'o u liiiita I ha? not boon ab!e to ascertain j but on the bent dua I have Ue.ble I otiiaio, 1 would out u),vit thai it 7'in'H, il any, c.t,d three m llti! five hun dred thouiinil dollar 1, not ioctudiuj &M and ailVer. 1 exclude them becine they are ejna:autly tlowmu in a.id Out, according to lite demm la uf tra le, tlic inii-wt.f ihh) year bttcotniii VthH vtjMrta f Iho neit, and the reverse, except the amall anuHitii that may be permanently aJJed ia the uirculntmn or be ujed in the eortm ry. Th um of thiye ! nc??iTSiii:idrwd,''lhiw-"(i- (i''.I.UJ oVd;M:ld ! frjro the hundred ad twelve miHwi", wjuld loave, m lit- n auoir -i huudrej arid ei'hl tttU Mt tiv Imnurml ttiuml a tin rrotible aonuai amount of ihiMtble arnrli', that wou'.d bu imported for H fo e-Hiumciioi Ttify V't cent, mi that avro would give taremy one millto.i aeven humlred Ibiaaaad d ilia r, a u.o auiplc tJ wet tiio aiocajnt , 1 A tovr ttia uecr-asary expenica of p i ' . nid r ll.A b'untie and prJiaaw propcrl ehiYgiMn 0.1 lha Trraxtire . tt iWin lUiHin tfi.'Caltulottnfn, I by no mean w.-ii Ui he un.tnrst khI a acquiaciujj in the tvi m ite wtik-h ih j S-jnaior ha cfi tJu of what ouj! t be tde expenditure of the Government. 1 bold them nine too hiiH. With at iflrient ajpin of my. savaateea million would be a.t. to hh-sI ati ex peases, wit 1 mi 'impairing the efficiency , of, tho JUoKrntwnl. I has- .TJV ritj uynt'fl" ara HArmrit futv r, t v tit 1 ' . : . 1 mi aT... J'.aa .,k. - i.4 r' hfrfiTitfnl tf ta:i4W be ahtMdanrirtunilu-i f reductoitjJ.ieih?5rj ifti'ica' ' ' jcrfBj our export and tuiiiiaje, was CMifined lo j now aV,n, tUl" white ,he nnlori11'''1'1-" frofee. to re-pect r.e c emprise. lie haa iu (act f ' '" 'obe reverw on the mao-i'acturing v,..! , eo -or or! lo vilte. all lhe eat.lial 1 1 "!u4! f-V "! l' e 1 ',0 V9r "PI"" ;r .crryivricr-jar;.i iiy Pir'Brupwtiig t-i-Tair-ttre-trPB'W.'Vi' the; , .jnrni,, tirrir friiH tmn rTTmiTlT-iif Tff f ho v h th.- O..IM :.--t. hm r,,n to. b- ..x plained I l ho del i kd. or doas he intend lo dlucie ol ! i o supoo. the I .U-r would im.mac ". hi. aiiwonty. which 1 do nut mtend to q..e.ioo. Bit h,.v , the ikhmou to be accrue 1 for ? I; r-sxt, .. Irom hi poMr.i. . - ..... i r He ,. larifl man. W,.!dla opl to free w m ?, ."'y ti.ui. Accordin f to r.i v.e.v- trco rano . xa.nE , mA- h(j cwtfMl (( the greate! cura thilcou' l M ill tl.e co-mrrv. i (, e t MCtt., ,., 03 717,0 H during and a high pr..UMlv lantl among l is i grc.teM j , ' H!ll cmi ( IMl , b!e.u.Ci. While hd ihi think .d fv cir 1. u (f Dfl,c((V cuinviees not iieceM-,ry to be exp.aine.l, .Hav , insrta-o will be found tob$7 731207 pliredLi'iimauchrrivionlotlieioiiroimacli ,11.,ha furlicr y b m.4(.; ,,,. that he inrrcly dtrwi of wctm- "i; ,.,,,. of ,WUrfc Tm vi.t increasH i iiW . nrovismlfc ! Ult Ui) MUslorlUtJO H, till! Hi r .i-Ci for il is not coinpituVe whh hi of ic.V - There a ho etim.iiig t'i f'rr of.t!l dluiorn in a . .... r ,ioiiion so contraJirt ir; , i. waicn v,i cjur-c llie;S-n.itoro i ihis ncua!o:i fur.mlip !ifl !, I . I' iLa -., ..a,x.t lift t'i e ... - uurnig me ociioj uiumf i ra .mti i.M . I. .;er!a.n.n the npuimn he locmi I f mn fof wUjch n Hut he atyuid desire to carry out in . ' ,u, wef MCnailscj, . j hi high rctrirtive notim on ww side L. ju,,eg . -r . 1 . n I . Cra , v arlii nil f li .Utlr!tUiri4lt! uumraiKN'. ..i.wr.ai...M .n . .......... . - is natuni pritclice and opii iM to b wiaiderod at, tlmt hi respect lor the com .m.1rod at. that his respect lor the com pro.n J act sh iull hava to ji-ld a fir as it tandn t tandn V a ha in ilia way oriiM Uor le system; e-ecia nrualod l.inisen tltat tha ex rnnei.t, a , nc luuuri m e.M it. of tn:o lr.ic. ha-utterly t un i . ..- ... hI. lI:id,T t'i it i!iiuf iHi.lie .Iuly av-rted l a ll.A n(l.ll'l lllil lit t'm do'ifs haltmnairVi th owluctive ene -gy o CMin'ry .(! l j (trovcj a cure n-'t o.ny m i.m t i i. i v.hicho striaig'r ad.K-ateJ U. b.t 1 . . . . , . r l! a -,.. ,lru v 1 1 a . j - i to lhe v-ry ibute by.Ueie edirt tlia pro'.cc .vi p.l-.cy ovorll.raa i. Mi.ff!. aj-iin. 1 I Xt n-im on 1 1" fu t, n-i tlie' Senator. I uniy, m ' -r. ," " "c had free triJ. r .i J " .4 ih .l c of .r lo it. I. . fiii ihnfl itnti vnr r : n .1...- i l.it r.n the rrmJun. an I l'i V tl" luipjrunt, b-Jl a aini.lt re boiion "1 i i" . om.'m atively peakiu , wa male prior to ill? lt of Jul uary lat. Till tlwn tha dmy on in ! of tlw ru c'.e wa at high p.-oieclivn r-ti-. i' i ImI" j 1. .1 1. 1,1 iii-t! lr;iT. 1 t'lli 'v fhmv uut i aw 1 "- 1 - - - - tt..... thai th.- redufiHM. w nch ha ki i .1-0 hat 10 any degrco impaired the pruduciiva m- ro- ol the country, or provei a curse lo t n'xpli ale. On the contrary, I asert, auJ slull 've .'." effect has equalled the inot ig..ita .1 x;a;i Utiou k iron, ..i lr. IM-.H ,.-.. .1 , lrM IM.IH, 11 iiwr.isi.in'iiJi-f t'ii highly a'.ver-o creu-nstaore. ,? . ' j taken p!a.-e 5 that of a curre.v tl i.;lu 11 . . ..g a - ranged, crrd.t univt rs.llv imp,,-.':', tne - ry ofconam t. .. broken, and our pimr,;, ,, l.n. e ,.r..,Mpa ly "I ' " 1 our prouuee al.:aH and tl.e p ar. ' '""I' ii in a t t ".a :r: . I . il.. t ni'iltff hi -.I lll- t'i 1'tiiinif. fiHim.lah e Oil. lcoliie, inn pn. ,..-. . . - i... - l.uv advafH-eil U-voiM a l lormer example, uinfir the whol..mi;'i.i.'i:iMoljrducU of d i'i'm iii I hH next pryesd to tl"- 1 ehalidraw inyficuprineiprtllfiom '.ho annual '(iiiiniurci.il document lirota ti.u '1 i-tory Di';art- . ni'Uit, which gives full and amlicntio inlurnjation of Hie cmiKiierce mid novigntion of the year, in ill ihoir relittiona, and aliall bein with that portion of our doiiiutia prothjcta which ia shipped abroad, au I navigation. 1 ahall not include the imporU, not boo.au" hey would ive a lea lavuraulo view if mir ind'Htrml pursuit, but' bt'caut they would ifiva nm ta.it wrt- npiirenily to favorable duriuif" tli Imt fmf yeir. owiiiK li the vaiit wtlenl vi hiina ciSitracted abroad by rouiy of th Slate's anil adiich were priucipatly rrliirned in merchandia of Variola detcrijitiooa. Nor ahall 1 j nc Ride the . jaminjf trade, hecausa.it ia liti! ailbcted by the " rale of lhJliitee, ai they art, returned iu'the ahae ofldrawWke in reahipmeut ol the imported artiok!.WlVii " T ' ' i l ordl have a full and aatiafaclorv view of lhe relative edepi'of ;iocr asiiijr an I reducing the duliee 00 our export Trade J have arranged 10 table A, the aaa'aie amount of all rir doiwatie e porta, including manufacture, for aiatnttii yeara, bjBinninj with the 6rt year under rhe firat rl' laid profoundly for protection, and ending With 19 10. divided iuto Uo equal period pf eij;ht I year each 4he firat ending with 1932 and com- prehending the period" of the two protective tariff of. '2 1 and '23, ami the laat extending from th termination of the drat to 1910 inclusive. I have . not Included 41 bt;caue it would ioiieda -tilt fucihiy of wnparioa . perioda, bnAi'aV ' o?ie lonjjer limn tho other, and not becauae it would' he la Morality than the other yeara, aioce the co,iMneoceiiH3iit of the reduction. I have extended lhe first to 1831, v4withtanding the reduction of lhe dittiei 00 colrbe, tea, and some othor article bewail in 13l),afl which, aa a reforeij.-tj to ilia lahle will ho. gave considerable impulse to our export trade in 1981 and 32, and a correaponding , incrraao of the ex porta In the peri-id of hijjht protKctive dutiea, which fairly bulona to that of reduction. The great reduction obk place iu March, 1833 under the compriWniae act, and with -Ihnt year accordingly 1 coimnence iho period of tedueit to th etiecl of which - th 8!aorw atnibute nuth diaatrua reaulta lo the industry of the country. With the) remarks,! aha'l now proceed to compare the two periotla, in onl.-r to aacerlain how far facta will nuxtuniT fu hia hold docl tmatory aseerticjnf. The agrogfito aniouut of the alue of the Mtporta in ih first eerie of ear, from 1821 to 1933, lhe period when the protective policy wae.in i greatest vigor,.. wM 9469,194,504, making an average i.f $57,399 043 per annum, throughout llio period ; while the aggregve iinnutit of value to the laat, the period of re n'uetion under the compromise, m S7GS,353. 365, giving an average ot $08,412,795. and ma fcfng an aregate pin, in the perio I of reduction, "ver that i pr4eciiMi, of$-.'a9.17 1,791, and an -"VPnige annual gain of $39J64,903, being rather i' man u.j r cum. on me iivrra.re ot tuu loriov.r period; un increaao Ntihnut example in any formi-r period of the history of our ciimmertus Tliia vast increase hai had a corresponding eflt-ct on our tonnage 111 the loreign and coasting Jrado, a will appear, ,Hy rtlerenco to table B. which coiitiiiu a statement of our tonnage lr the two !.... ' , (-tiK. 1110 aggregate atouoi 01 llio loreitl ( miae tnc close 01 tne tirat peno.l was, in the forevgT, 690,933, anJ (bo coaming 732 t 0 tons, uakiiig the aggregate 1,439,451) tin, agikiusi the lai, 1.1 mo 1 tnde, of t?9'i 00 1, and the eoa-tin, 1.29J.9U9 : jnikijizia iha aaLSte'V - . kx w i&cVtxvt WftuX iinrpcriou ol rtxiocuo 1 a ouiioa, over mat ct prstsciKm, ot 741.2J3 ions; wild during lite firat, liwi-e waia.i iMiiiiat IiiI'Iiij oil in-twe tonna'tTM' "IflTTiitlfB'.Wt , UjP.t will nadouU hcofiiecteJ th .1 thi mwk faetiwoaMiiMws;wtwtw'giytir!rcMr - ; " " " MMt"rt -i'w wmpcwTw twowt I "' wt"c" !" "!". Vtf ' niauu. ! '' w.yl m labul .r for,.., .tividad into ! ,1"5 " r"" h ' PPMr- 1X fNo lo " " wi'0 v",t? Jomesuc j o'ac.uror. during the per.jd -.f h g;, proeo l ive duties, wus but $13 ISO io . S i far troiu V, , , ,. ,. j nicre-ti tiii-io was an actual Jailing ofT, com- , fe . ( rf 30..01:I. Now turn to lhe pcrnd uf rdoctio:, of jHirU i f domestic iii.tiiiif.icturcr tvn It-'yond the other branch- of exports, is attributable mnoly In lhe fact, that a Inrje poiii.Hi of article fr Wj, were exchanged, were nwdofUt. free M 1 Jurn, f ,,e pe.,.,J uudr lhe cmiproaii', tlnle :le il I ... 1 . r, f mft ti ,hj fur which ne great agrwul etc (i!l su' jrtci io n," " " Mid "' '"creaae has I ' iro n mo riiiunrroswu hm'o i iiir iiouu I ma.'ket, which forced lhe tiialitruclurt-r lo go alirrvnl lo nml purcRiisers, awl that H is nttoir an fVi'lence "f tlM'ir di-preain Ih-iu their proierily. , I o let tiie trLlh ot inn ulijectioii, 1 propo-1 to m ,, I ii-ct the manuf cture ot cmti,u, wmrti tiirnmlw the l 1 I.PlMkl IIAf.l ! mil 111 A..ft.lfcll .littlllll !.-. , ' ' " 7 I IJIC, Ofn Ultli ! 4 VU'lt-IUSIlTTiv Mill Tlin i vi-1-- of expirH uniier lhe reduction .f du'ios. to fur fiotn bing prod iced by the raw atsinnl, is hut thu mural r"nlt of tho healthy and il uriliing coiKiiMon ol lint iuiKiriai. tiram h H'diMiry. 1 1 shall go to 1, hf.nl q i irter, L nvcli h m! lioiion, (lir my -proof, ss allordmg the tn st iU ivi.li-ur i t,,(j.,fl ,hroui,(JU, , ,(iP,u. nog region. I shall bpgin al lue liin-r piace, and iu the aim nee of ail offtoial docuniunts shnll draw fro o'a highly repcia'ie souri.e, I'ue wrii-r nf the money art icU" 111 tha Ni-w York ll.r.(l , ln) aji iir in have drawn from so-uo Hiitlioniic mmrre, if w n.ny judge Vri.n I He i!iuri(ei,e uf .1,... 1 ti. :aie'iici.l. According In this t;itpmnt, thn otiir- amount .1' ro'ti.u gooU made at IjowpII 10 H3't, s 3-U(J3,40J jar l, and iu 1910, 73.54.4tHI yard making an increa, 1.1 a HI114I11 yo-'ir ol 13.A!M0tK yard, more tiiJfI23 per ceut. mi the entire growtli j j ( 1 '.'H.ith.i l..a.H-li io Ih.t AiUrtahinK town, from 114 fni.l.iiiiiii to the x-g g ot th, year 1H0. But , ; ,, u mt t(ljli j p,p,,r,. ,., ( . ( f , N eim.umw, wh)ch h i0 19,-51.000 pouuda, and the u 2H m m illC,e,1M) 9 .vjj.otM) ; n.,re than y) ri.h Mn,m tire incn-aae-of , Vo..ri.!i.Hi. .... t cm,-. ,, ,.f iho i. ... What niiikr H .1(10 mom SiriHing, IS Ills , ,,y,L !llf. ,uir tverv irrrat fall of HTMr eragig foliy34-pef n . . . ' .. m . .1 - ii.nt; I nit ii'itttitMart'img mis great isii, 111 g. greato gain from lhe fall in the prioo of llio raw miiteriiil and ext' ini mof tiio op. raiiongexcoe l that of 1839 by 193,9J2; aaordjug c aicluaive prool that low price and increased gtf amy be reconciled iu-manufaoluriii'g indutry. . ; - Hut it may be enid thai lue gain is not in pro portion to the extension of the operation, and that 90 far from joilicating a proipeiou cuudilion, it is iinHcative of the leverae. To Ihi I reply, that if the fact be ai iipKei! if tUo year 1840. was ally a bad. inatea J of a good yeart fot the tnanfl frfctiiro of cotton iifMasaachusetU and the adjacent region, I hw proof will be f"ind ia the fulling utf uf Iheir operations Ui next yenr uut ya lor irora thai being lhe case, I shall ahow, by conclusive e. ideiice, thut their iucrease ia 1911 exceedod all preceding years, if we may judge from the quao lily oi the raw material required, than which there can ha nothing safer by which to judge. ; ' I hold in my Imnd a alalement of the amount of cotton imported inlo Iio4lon (roin 1833 to 1840, incluiive; and from the 1-rt of January, 1641, to the 23ib lay, ot. ino same year, being rather leas than five month, taken' from the Boston Atlas, which may be regarded a good authority on the subject'. Now asauining, a 1 eafely may, that th cotton imported into Boston "u almoet exclusively for dointio uf, nd ia consumed by that large portion of our cotton manufacture, which draw thei? supply Trow there, we will have in the quan tity imported, very nearly the quantity consumed and ui that couaumed, the extent of .the manufaC luring operations in the entire circle, which draw it supplies from Bwlon. Now, what ay the statement 1933 there were imported, m round niMibera, inlo4iHHi!,e0U00 bnjo; 111 1830, 82, 000; in 1937,82,000 in 483, Otf.OOQ: 111 1839, 91,000; in 1940, 130000 nd ityttjjfl January lo the.23(h .May4 1841, 03,000 ; .and for tha year as estimated by lhe Editor of the. Atlas, 130,000, almost doublo the consumption a Compared lo 1933, iii rhe ahnrt spaca oif eight yeara and in crasme mora and more raniiilv wP.h the induction of I'mien, and I lie most rapidlyij-rt a the period of the final great reduetrtm i abmit 10 take place.. .1 rej'MC ' at all this. ' L rej-Hce, because it i pruot cooclunie of the great prosperity, up to that pe riod, of this important branch of out industry f bncaujo it. is proof of lhe beneficial amtimulatmg pfl -ct of decreasio duties ; because 1 see in surh rni.ilt that lhe grant ataple interest of lhe South, and the great manufuCt jnng intercst-of the North may be reconciled, and (hat each will find, on fair trial, their mutual intoreat in low dutie and a nd currency, a lh only afb and solid protect on Thii great and striking result is not, be anred accidental. It come from-Tixed laws,. whic!i.n:ily roo.iire to bo known. an to tie acted on. .l'.v ....i' ....li ,.,10 m i omtnirv, R.H I hi!.'"Ctinl ano emuarnisimem, wxurrea pniicinally almost Wile lo eekW ihUatast werea i of 1911, compared with that of 1940. be reconciled with the supp'xted unproductive caajdilion of Iho mi inl'irKira orcoitoi ia the latter year 1 Have our New England brethren f irgntten their sagaci ty an I prudence and gone on npidly extending their ofM-r aiona, in spite of a decaying business f But I have not yet exhausted the proof of the : vit and beneficial effects resulting frra the re diiction of the duties. It ha been alleged a a c.mr.l'Hive ohjeclion against a redact Kti of duties, hat it would inundate the coiniry with import ; of (oreipn production, the hulief ol tvtau'li ha spread I great alarm among the manufac-tn' micn-st of the country. 1 admit that the i-1'H;i-uv: aod n lden reduction at ihelwginnm of this vwr, aod 1 tr p,?e oa ,l vf JTw mv, to a coo-M Jerahla extent, v? th !em JTni.ueif. porjry rttm-r nnrhMHM. i was bouvj to iV'TYiiirf so rpwil tmi,uln utr Ihft fni-nunaluifi nf lint riA and 1 hat fr t!p;y thj i' M-h"f I j.l the reduction been equally distributed ror tne wim4o -permd? a' i proposedi or- bad the oilr I m.de at t'i texiraordiuary seaaion been . accipied! of oringingdowi . ?,he dutiejiboyo20 )r cent, on the protected articles gradually, and rawing Uiosej 00 the frooin the very ame way.tbettha period. - m..mm.,,M,.,m,., evifiulT liave' Keif wTilfv avoided OwL 01W -"-'t"" " wun Da Biniurva. it w, nowever, IHMtf COIW il ill in i to iliink it will be bit temporary. l,.w .in ; and a ain I corrency will prove the most el! -sen v.; ' prevnntive to over importauon, and the, M ir.n in tio end will prove unfiHKidod. Thai redudio i ol'i Iii'i" lias not been followt-d by the evil p,k.! lico'le.l, w have strong proof in the fact :uu it I ha n t boon the ea-w under tbo regular mid gradual roilucliiMi provklad by the Compromise, q nto down lo the last groat ruJujtion. In 1839 iho i nportt'iiNi of cotton gooil, of all deriilion. amo'inted io vlue to $13,913,393, and in 1910. to but $3,391,194, making a reduction iu one year un li-r the incr.iHiM2 rudtK-.tioii of dutie, of $7. 439,91)9; more ih-ui eq ul lo lhe whole amount of I too i.iiiMirialKMi ol the year t aul yet with all these di'ciivy proof of thflr great and grownfg pro p:rity, tho cotton aa I other maoulaclurtiig (titer ?iti are pouring i i their etitiiiiM day after day by tlioj;i.!, crior nut for tsliff, and aAing lor high and nppr?iiv.i dutiea on almost every article of eonu upliou for Iheir benefit, at lie exp.ti.40 of the ra.it oflhe com nuuiiy, and that, too, ahen the "great siajilo exporting interest, if we are lo believe tiio rocTtiove rprrwii'io iiimo puuioners on ims fluir, i at the sa ne tune in the ni.wt depretaed and eiirurrcd condition. B it it is atiempied to expliii these striking prooMol pr.Mperity, which cannot bo d:hieil, by staling that they occurred under high protective dutim, a-i o ily four lenlha of tha duties abvo SO pr cm. no r.ii'-ci. j a ni -la had leii taken off .nor to lhe lit of January lal, and that w.i t -;n i i.i J Was ampla for protoctiiat ; an 1 that it i In that, not to '. m reJucnon of the duiifa, thai this 1 giett increMie of the manufacture of ci'tun i lo M M'lrt'mtil. I.i r"ily. I a1! if protertim and 11 it nicUiM of lutm, be in f.ict t.ie cauwi, ho 1 it in 1 to ex, il uned that so little prujjran wa. iiiulu by lhe cotton manufactories during th' high j . ; iii.e.;iivrf dilic tf the larilf uf 14.'1 anil '241. i.Au l litw, lliat the progres ha lieu more and : io-mm rapi l. joat in proportion aa lhe dutu-s hivt iwn reiluei-d, unjur the comproimst, m tho vaat iin:ri'iie of lha I'liiiortatioii of llio raw material ; into lhe mill of II 11 mi clearly iudicutex I 'lo" iirovi-, hfvo'id eKiirovery,' that the great : i-M iee in ijni'stioi iltd not ilf(nl oil lhe prolec j iivh judiey, bjt.tlie revnrse, the rdocll.iii of du ' lit-, an I may In fairly attributed to thi clltei 1 which ih rf-p'iil and .the reduction pfdmie under that act, ha had, in cheapening the eot of pro duction,al ho ne, and enlarging Hi market ir lhe ' product of our labor abroad hy rumoviug si many ' and such tipprsiv. burden from our loreign ex. ouanyer. , Having now 'iuwn the relative rfli.-ctsof prototj ti n and reiluc ion of d i i' on Iho rxp rt ira le generally, and on the tonnage, foreign annVoustiug. aod the inan'il icmro and conaumulion 1 f cotton, I hall iin v proceed In their comparative etloct on . inp .iiliw grrui nriouomni mmyn , iii ioo, rn:n, a anil lulmiv ik a which mm the DrndUct lit I 1st nor- irotrnf thfJmnn whiclr tHa .eiiut(irandtiTTrriiidl viy ohtuan, and hi kiHiwImlge of llio situation of ti 1. ... 1 a 1 .... ...v r .1 I ... . . i:.:....i f .. . j woum porsuiuo us ns suuuiou wv mwii num reduction d the duties. 1 v. !l L.-gln with 1,80 and conclude with 1940, making twenty-one year which I ahall divi-lu into three equal period of eoven years OHchi ilie firat to extend 10 1659 in clusive, the ocoud to 1931) inclusive, and the lt to 1841. The fjrtt will conclude with the period which fairly represent the e(Toct of the high du lie under the act of llf, with the exception, el one or two supplemental act pnqsud at the clow of the lae war) lhe aecoud, that under tbtpro. toctrw teia of J9;, and 1$ aud the last, that , under thu coniproini w reduction of duti. ( have commenced tho period of protection and reduciiou at a In tie later period .than .in making out thonabl ofaxporugenerally,,becaiuethe ag ricultural staple are aold and shipped in lhe Garal year auhaequent to their production, and are not materially afrclad by a change of duty till th uccceding year. It lias abo the advantage of being divisible into three equal parts, nearly coin ciding with thoae marked and disximilar period of legislation, in refeience lo the duties on import. The disturbing effect of the late war on the coin morce of lha country, had in a great measure ceas ed at the date of the commencement of lhe firat period. With theaa explanatory remark 1 hnll now begin with cotton, the leading article, and ahall draw my lact from official document, unless otherwise elated. Table marked D, contains it statement of tho value of the export of cotton for each year during this long period, divided, a already staled, into period of aeven years; by reference lo which, it will be seen that tho aggregate value of the export for the first period of aeven years, from '19 to 20 incleuve, was $170,765,992. Tbat period was one of severe contraction of the currency, follow ing geat expansion ia cpuaequence of the universal uApeusionof all the-Bank south of Now bnghvid, from 1818 to 1817, and was marked by great commercial and pecuniary embanasament. ' The aggregate export io value for 'the next pe riod of aeven year, from the termination of the first 1033 inclusive, was $201,301,247 (aee aimo table,) a period throughout of nigh protective du tiei.'wUhotii'r years, wbeo tne duties on coder tea, and aomq, other article were greatly educed, and which, u will be ''bii Py reference to tho table, had a-very sensible eiloot in increasing the export of those years. The increase of tho export id the whole"! ' j A A .. -.1. r . ' - . 01 mis penoq, comparea wun me lorinar, was out $31,536,254, ob iut 1 6-3 per ceut., being a rata per cent, compared to the toeresof, population, of about 1.13 only. But even hi mcousidcrable increase, la a period marked by no extraor JiAry j vicisaitude or tmbarrassment in the eo umere or i curreocv of the country, over one of aevere ran tuX u,ft la ea" Jertca.Jiflcf.lhfl reduction of the dutie already- alluded lo, itiJ to which it may be fairly attributed,- , .-' The aggregate increase fur the'.Ust ieriul of seveo year, from '33, lhe yertStjhe cdmpromise, lo '41, was $435,300,S30.(see same table,) a period throughout of reduction, making an icr-ase of $233,99993. equal to about 1 13 ih. cent. Joaipred to the aggregate aluof the jtcriod ot bigh protective tarin, aud lour lime greater than the avenge increase of. our population lor -the same period, and this for a large portion of Iho time ot unexampled durangetneut f the currency and pccu-iiary aud commercial ombarrament. I shall n w p.i to the next molt important uf our gre ij agrultura iaplettobacco, referring lor a uniiiicn viw a laoio marasu t, aud lor tJU plinatioti as to e uri period, IQO remark made in rti&reuc lo Cwmm) rlitnn&ftXrflSjfiiu, being an actual falling od un der the high increased protective duliee of the act of -24 ind Compared tothe" lower, but -I 1 .! - . ai.ii nuner oune m ine lormer penoJ, of $3,. 5 o7,mJod ibat too in lhe abaunco of U dv-4loe cause except the high oppressive duties during I oe aasregate expiiri uf tobacco dunuJ Hiai priod increased to, $j7 0!H an increawi c npared to the period of .-.mucuoii, ot $,7,015 5 il i-tjual to abuut 43 per i-n, on the former, and noarty douliie coTipnr; f to tho increase of population. And yet, with this striking fact, lakso froai otficul d cumeuts, lhr are I hose residing in the tobacco region who, not content with this vast aud rapid increase, wmiia resort to retaliatory dutiea on silks, linons, wme, and other articles mxdo.freo of duty by the coioprointsu act, iu order lo increase still more tho tobacco trade ; that i itxy would lay heavy dulie od tho very article, the exceo lion of which from dutie ha given n this mighty increase, in Iho hopoles struggle of compelling a change in the long ostablialied system of finance by which tobacco ha been subject to high duties in the old nation of Europe. If what is aimed at could be accomplished, it would bo welt, though I doubt wheiber it would be U the advautn" ol our tobacco tralo, crsn if it could be dime ; but if it should fill, the loa wuuIJ be certain and incalcula ble lo tho looacco grower. Tlw trade would be aacri.iod in the attempt. The duty already im posed, at the extra session, of 20 per cent, will do much to cripple thu trade. ro be coxmrcD Cxtract from the speech of Mr. Profit of Indiana, -1 delivered in the House of Kepreaeiitaiivea, the 18th of M irch last, on the L wn B ll : M()c word m ire, sir, on the suty-etof tho Kxtra i-i, to which I should wver navo allu.ld at ail, had im other gentlemen thou!i: fit to du so. It result snd the unhappy at Ho of tiling which havwariien from it, were all pre.lihti'ft by f usu tleman Irom Virginia, (Ml. Wiw,) I rvcoll-;i tlmt lie made a npeech a few days Ik;) ue tho rinse of h ljt s-m-'ni ol Congress, 111 aliuh ho firnt J vncd the coueqifiice which would rouli Imhii ! an extn l wouK rasemn. I la gave it as his niiiuion ih.it J b-i tK'lter to aait n i rxpresnm oljhn piihlie scnliinriit on the suhjociaif s bank, u I trill, diJtrihu'ion, &c., and that 111 tho then excited st.ite i'tieseiuf the piilitK'al'world, m'ich hvity and imptrfct lugisi.uion miiii oe auucipuicu. 1 nuieriij with him. . 1 thought bis fcara illfoundrd, and lxpr-mi. ed to him and-01 her my regret tlmt hn'siiould thus a itiiMpato evil. Experience' ha proyedjlpit he had more foresight than myinlf. .) had r.ud led the character of whig politician in ire clowly than 1 had. IIis fear have been more than real ixed hi prefticftona more than aremnpl shed, ami I know acknowledge that he renlly Vite,uiuI t M Proithtti " The gpinlomiin from North Carolina lias boast. I-:- mgiy iiiiurmcn us, itiai tnera nro m fragmiiui ol the Whig pirty the only fragau iits that ho know of ia the Corporal guard, What necessity could exi.-il. sir, lor thi uuprovnkud aneer at us, who had not aittered one word relative to oariv politic T Bui, sinew Iho gentleman' vi.j. n ia sit mifiimin rrrjr iiiniicu, iiiiint 11 my quiy 10 en- liuhtcn him on tSifl uljact, tla ftsgments. sjjt Why whew i your ni.ijority in ftUmel ,. u... i. -r . tvi,:- uinj liiousanus ui m imhi iiiiii.iii uuw greet therej How ataod New York She who j IS'iO, aasisted the triumphant march of tho IW; rralic halialiona, ajid who, io'lip, gave hi Whig cause, thousand of 'niMj''y I Car L gulatura aow nearly bemocraiio unit and thT' Ivinibj of the popular Towra agaiuat you. yk : phoer ia therft tor you in H'ennsylvania A. mjj jtuity for Harrison m now trm of thousaou. of a ma jority for Democracy . IS o frug mem. eT? Is th sky aliu bright in Msryland J 4 al JJfJ Whig majority of tnousaods no longer exists; ah gives her v oto against you. How U tioorcia t Rh. who, by her majority of toouaand for Uarriaon, aioninhdlhe natioo, now give her Ihoualrwd. t against llio Whig cause And even iho fatoru of your party when on this floor ho who wi considered iuvinciblo, ia Leateu for Governor, f air. admired that man. He fell a viciim to k,! W( ki. acts I own ailent acquiescence in your many weak act of legislation.. . Lot Iho gentleman from North. Carolina look around birn, and ho will as tbr members on this flwr from that Stat; recently, reinstated iu their aeat by Democratic victories. Where ia your twenty six thousand io Oluof majority now taud against you. Where atand Mississippi I Where Michigan r No fragment air I Why, in tho latter State, lam inlormed tb thore is but one Whig left in one branch of th legislature I Not enough lo make a motion and to, second it Not sufficiently strong to dennnd t he yes and nay. 1 am told, sir, thai iho Democrainj party, not knowing what lo do with that one man talked of making him presiding officer, well oured that ho would be perfectly impartial. ;: More Nr. Howard, or Michigan,' rose, and with some warmth, assured Mr. Profit thai he mistaken instead of one there were four mem. bera. ' Mr. P. continued. 44 1 atand enrrectod, sir. " There are four. Not enough lo form a N Cor poial's guard." Worse off than myselj and friend. I Are there any fragments in the Whig psny, Mr. Chairman t. I llio . Corporal' guard " I tie only fragments! . f ; ' - . But I will not indulge in mirth at the cxpen ot those who now writhmgly regret their sneer and believe mc, sir, that I bare given this u frag! ment" ketct) 'Vmnro in sorrow than in anger " It maf, however dbrvo to refresh tlm memory of gentlemen, and awaken thorn to a aenso of their ' true condition. ft It; i lhe maiiifeisio Whiga have rJone Ihr. Ii is taa departure from principle and etraigltfur. wardne and fairneastjiat ha caused Ihi mighty change aod ttiey whii on the 4fij March, 1841, were "ringing their bells, ar wringing theit bands now," ' . . ,... ljundre fs atlhrrtmlsot those. I. Democrau Whig" who enthusiastically met at Iytod and at Tippecanoe, and Sfatog and Haiti more, and Bunker HiU, all hones; ly lierlt on great and hJTy purposes wf patriotism, haj like ,Mvse!f been in ceived. The marvfitn.bich procYiimed a final severance from the President the attacks upon the' Constitution, thejrtowr aqj" politicAl abuse of ihc -Executive, the Vant of liberality, ihs failure to keep promisee solemnly made, all stand in i n!;, ment, all cunapire loathe downfa'l o( Iho Whig pnr ty, and yei4hat party on this flmr will not turn from the error or its way, but still ' continue ir poroie a course of policy fraught with bitter fruiti, sorli as are now. so lemrntabty pstpal'.e." ' 1?ROil the Subscriber In flalisbury, on t sunt, soul I lore and Mara. Tha 11 ta 2.4 in- wraeoftii - pony kind, rose color, Unr ssrs, sod m nrirr. l he ilsre m a bay rnbvr amsll.a Krv Det r net, her ad m 4ordTUer iVnZ-iS sav Asy o tmr xAerwrTjd. i i w! irom a!llury. I will g.ve a reasonable price"! m raanrwbtfdimlW whx.Wiiisecore. I Sam o Ibat-i-eairytt 'My0;i9ir xucn.t, H. C, -April 20. m 9 Atfcontioil! OFFICER 1 OF TIIC'61 R1gIMET: are hereby commanded I i pa rade at lhe Court luss, in tin? Twa of Salisbury, on Saturday, the 14 Jrf May.' u 10 o'clock," A. U.', armed with Mtu'.eU for the purposO of Drill, and Court marlkjj. . Byairder of . It. W. LOMJ. Cok Com'Jf. Gro, M. Wea.it, Arfj. - - St FOIl Tin: sua far for snle a fine new rl.lCC and V ii It SCRIBER of- , '.ri " 'B ap terms. . CZr ICIoat Car- 1 .air 01 exrei bll m a t e Ii lent serticea lluramt April 22,191 JOIIN't. SHAVER. tf . Trust Sale BY Virtue of Deed of Tnmt executed to u W Z dock llendnxand William IIendrix,rVr purpasra liieruin menttooed. we ahall prnrrl to m-ll rm Ih VXn dJ 6rMaj, l!,a Tract ,Jt UuA ot VWutl ' IV- ill ix, containing ;MM Arrns in I) vie Cnutfy, oa Ui w iter uf C'idur Cruek, aijiining Jacob Slwrt od Also r; ALL HI OTItKR paopKBTV CaRSIMIVl OS WAutlON, tfKr.KI.Nti, HorUSES. CATTI I', IIOU.S, HULL AND TUBS. FARMING UTEN HMA HOUSEHOLD AND KITCHEN FURM- TUKK; Also, on the same. day and plnce, tmtliir Tridol Una, conveyed hy Win. Ilemlnx to ia- I .inn in trut, containing 167 acres arfjianing ths above. I'trm made knoa'u oil th dsy of riaif. DANIKI. R 8IIEKK, 1-,, M April 29, HIA 2 S I I A S II U I K, U'AXIiOall, UE8PECTFUI.I.Y infUmsIhe ciiinensnf Salislairv ami urmuiHling country, that ho ha ciMinnrnc 1 taking in work in Ins line or buaim sa at hi df llinjr. where ho will makn up work, after it ia cut mil, si It" following pric : Jean Costs, and a'l kuvl f Ih"' costs, f,l Ml; Cloth coals, $3 U) Pants, 73; Vrl, lOjwrerrom. M S IKI. Ttll kimU of country oroduca taken In exchange M work at thn market lirioo, ajalirlmry. N. C, Jnury 21, 184?. --' f a.- -i ..-W-.. 1LMMM' ' 1-, 1- 0UfcfcV UXJL
Western Carolinian (Salisbury, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 6, 1842, edition 1
2
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