The Western Register and Terre-Haute advertiser, Volume 5, Number 29, Terre Haute, Vigo County, 11 October 1828 — Page 2

Page PDF (8.14 MB)

Back to issue view

iffls

^•S

*V«

/fc

V-/

"f,

SPVr

t'J*:

v"k'5

nourul in to the enorm »us amount V, 1 S"240,000,000 in two ypjirf^ ciifsusji for fnur jcar§

g»mptin,

r~ rt*

The short-sighted and withering policy ef recoiled with great force on the farmers, planters and merchants But having recently gone into a full detail of its operation upon the two former classes, I shall simply state here, that roost of those manufacturers and their operative, thus compelled by erroneous legislation to abandon their former pursuits, bccame farmers, and were thus, of course, converted from customers into rivals, glutting the markets and lowering the prices of farmin"- produce—and in consequencc reducing the value of farm lands throughout the whole country from 25 to 1)0 per cent. The evil did not rest here. Farmers, thus depressed, become cotton and tobacco planters, wherever the climate and sod were suitable, and produced as deleterious effects on the markets and prices of the two great staples of the oouth, js the depression vf manufactures bad done on fanning.

In support of this destructive system, the agriculturalists of thu south vvere led, by specious arguments to believe, that they would derive great advantages from the reduced prices of manufactures. Never was human cupidity tempted by a mew delusive bz.it—and never wa« cupidity much more severely punished. This truth is universally felt and acknowledged by the farmers at present Fo? every dollar that possibly could be saved to the agricultural interest, by this s) stem, from ten to fifteen were lost. One hundred dollars would piohablv he a high annual a oraiTe ot the purchases of maw'jti

IM TJISCJ -.--.-.j, -y twenty per cert, were made in those purchases by the ruin of American M»dt:ulacturi'S, it would amount to but au annual saving.of 15 or 20dul iar*, ana sett-off against the severe dimness Qt hundred*,. rum of groat numbers of their lel-

C(M]"

thus depriving our citi

zens of tl»? home market, on which their whole depenpence rested Whilst the manufactures of the country were thus in fstreme jeopard v, the session

1815—

A most

6 com

menced, and the manufacturers, well satisfied that the decisive interference of that body conld alone rescue them from ruin, threw themselves at their feet, and in the most teenng manner besought their powerful protection. The appeal was in a great measure made in vaiu. The manufacturers were not represented in Congras.

calumnious clam

or was raised against them, on the ground of extortion during the war, which was industriously urged by their enemies, and which excited through the nation a most violent hostility and opposition to their claims. Never was carlumny much more unfounded. The price of manufactures, it is true, rose during the war. and in some cases very considerably. But no rise of prices was ever more fully justifiable, and never was a charge of extortion more completely unwarranted. Wagei and raw materials had. as I have staled, risen greatly. W ool, which, at the commencement df the war, was 75 cents per lb. ruse to three and four dollars in IB 14,—and other articles in nearly the same propootion.—The prices of mill-seats, necessary in some important manufacturer, had been enhanced 2, 5 and 4 hundred per cent. Large capitals, partly borrowed on interest, had been inTested in the new establishments. Great losses were incurred through the inexperience and want of skill of the operatives. All these circumstances, and various otheis which I pass over, imperiously required a great increase in the price of the manufactured articles. lo these obvious considerations no attention was paid. Passion and prejudice are deaf, and blind, and dumb to to fact, to reason and argument. The miserable and contemptible charge of extortion closed the ears of the members of Congress again9t the aifccting appeals, and steeled their hearts against the sufferings of their felSow-citizena.—The consequence wa., that the blighting effects of a tariff, which tpok its form and hue from th^•odious prejudices thus excited, siept away, as with '-the beg'MIl of destruction,*' a large.portion of the most important manufacture*, of the country—devoted their ill-fa-ted proprietors lo ruin—and consigned thousands of the operatives to idleness.

The impropriety and injustice of .the charge of extortion were greatlv increased by the fact that in the very vear in which it was made, (18-16) cotton, tobacco, flour, and most other agricultural productions, were enhanced in price from 30 to 50 per cent.

UIi""

^=*r' ,'* iK v-v .•^•/ .T t* f*

It now remains to be seen how perniciously our policy has operated on the mercantile community 1 he extensive depression of manufac tures during the years 1*816, '1-7, '18, '19, and '20, forbade prudent parents from devoting their children to such pursuits. Hence hundreds of young men, in our commercial cities, "who if manufactures were in a flour ishing situation, would have been apprenticed to manufacturers ot cottons, woollens, iron wares, See. ^rc were placed in the counting-houses of merchants, and in due season became merchants themselves, man^ of them -without adequate capital, friends, talents, or influence. Thus has commerce been uniformly crowded with votaries far beyond her utmost requirements, and thus has tl^inuseful and honorable profession been so generally a losing concern, andruined perhaps two-thirds, or at least one half, of those who pursued it, during the whole career of our government. It is impossible, without deep sympathy, to call to recollection a host of high and respectable names, once the pride an ornament of our cities, laid prostrate by a sui cidal policy, which this cla»s has steadily fit undeviatingly advocated. \Ve are frequently warned against the protection of manufactures, by powerful appeals to our sympathy for the misery and sufferings of the operatives in Great'Britain, which, we are assured, must be the lot of our citizens in the event of the great extention of this branch ot industry. It might be sufficient to reply to this fact and inference, that there is no great difference between the distress of the Knglish agricultural laborers and that ot those employed in manufactures—and that, therefore,^ the sufferings ofthe one class are to be brought as an argument against manufactures, those of the other apply with equal force against agriculture. But'waiving this, I deny that there can be any analogy between any part of our population and that of Great Britain. "Our debt i* about 870,000,000, or 6 dollars per head, our revenue, 25, a 28,000.000, or less than two dollars and a half per head collected almost altogether by impost—tha least burdensome mode of raising revenue. The debt of Great Britain is about £800,000000, equal to 83600,000,000, or two hundred and fifty dollars per head The revenue ot that country is £60000,000 or 8270.000,000, nearly four times the amount of our entire debt, and probably one hall collect ed by excise—the most vexatious mode of collecting revenue. The annual interest on the Biiti-.h debt is /:30,000,000 or £135,000,000, nearly double the amount of our debt. Vloreover, almost every thing eaten, drunk or worn,

heavily excised

*u'5- O *'4 -.' .' a

\"v ., V.'. .' '•''.•• S I ... ''r! ,'i -t 3*. •& 4 .. 1.1 ...o

worthy citizen who couU! conllv and deliberately agree to this sordid and selfish bargain. Hut appealing merely to selfinturest, and steeling the heart against all feeling for the distress of fellow-citi/ens, is there nothing else to be placed against ihe supposed gain? Does not the evi recoil on the farmer himself? A farmer who would purchase annually one hundred dollars worth of manufactures. would probably raise 1200 bushels of wheat, or other articles equivalent* The gl**t of the markets produced by our policy has reduced the price of wheat half a dollar per bushel, but say only a quarter. Here is a real lo99 of 300 dollars against an unreal and chimerical gain of 15 or 20. Nor is this all. Suppose his farm only £00 acres, worth at former prices 60 dollars per acre, or 12^000 dollars 1 he prices of farms have fallen on an average 40 per cent—but say only o0j it is a loss of §3,600. Never did an intelligent bod of men sofatally for themselves support a penny-wise and pr.und-foolish -policy. Ksop's fable of the Belly and the Members, often presented to their view, ought to have taught them better.

that country, is

M^How,

then, can

there be any inference drawn fron» one country to the other. A much more correct and logical reference might be made to the case of Prance. That country was wast ed by one of the most destructive wars waged in Kurope for centuries} was finally subjugated by infuriated hostile forces, which held it in bondage for two or three years and was finally condemned to pay a military tribute of 100,000,000 dollars. "Notwithstanding all these wasting evils, i*,ie has regained her former station by the piotecting policy, which excludes by absolute puihibition or

doubled—the evils ot tlie war lorgot ten for years—and she is now in a state of high prosperity, all the result of a policy similar to that calltd of distinction the American iy way System.

Manufactures, have been carried ainun£ us (9 ftQ citent

which the

I' .a

most sanguine friends of the system could not have anticipated a few years since. We supply ourselves not merely with all our course cotton goods—a large portion of wool j^ng with manufactures of iron, steel, copper, brass, lead, but also with a great variety of the finest articles of comfort and luxury, which adorn our houses. Notwithstanding the diminution thus caused of our demands for foreign supplies, it appears that exchange is constantly against this countr) that gold is scarcely seen among us that as soon as it appears, it is immediately shipped off to pay for articles, many of which we could ourselves furnish that our banks are frequently pressed for specie, and to *ave themselves from stopping payment, obliged to make oppressive curtailments ot their accommodations, which spread ruin among our trading &nd commercial citizeng that of these terrible visitations of distress we have had four or five since the close of the war: and that the difference in the value of ilver, in this country, where it a legal tender, and in Great Britain where it is merely an article of merchandize, is probably the sole reason why we are enabled to retain a sufficient quantity to carry on frade. What, then, it may be asked, would be the situation of this country, but for the prosperity of its manufactures, whereby our demands for foreign supplies arc brought nearer to ft level with our means of payment. Would it not 1e similar to that of 1784, '5,

J6,

wben enormous

importations drained the nation of its specie, and general -distress forced the Legislature of different states to have recourse to tender and instalment laws «fc-"when (he Courts of Common Pleas w«re suspended iti Massachusetts and when an insurrection broke -out -which threatened to dissolve the Union, and to introduce anarchy into the country? if like causes produce like effects" we can scarcely doubt that such would be the result of that dependence on foreign supplies, which the ruin or iny great depression of our manufactures would produce

The fidinburg Review for January, 1828, contains an article of information which bears powerfully upon this part of my subject, and clearly shows the pernicious state of the foreign trade ofthis country, *nd its withering effects on our prosperity It is there (page 85) calculated, or supposed, that since the peace of 1815, there have been imported into England from the U. States of North America, vaiious, federal, Bank, Ca nal and State securities," to the a mount of £9-,000,000 equal to g40,-' 500,000.* Suppose the interest to average five and a half per cent

The interest in the Review is stated a» *445,000 or 82,450,000.] It amounts to an annual drain of 82,200,000. and for articles with nearly all of which, it cannot be too often repeated, we could have easily supplied ourselves.

This is a most important circumstance, and deserves the svi ious consideration of our rulers and the nation at large. It proves that all fhe exportable surplus, of 12,500,000 people, and all our gains by foreign commerce, are|inadequate to pay for what we consume of foreign merchandise and that for thirteen years past we have been mortgaging the couhtry at the rate of three millions of dollars per annum, with an accumulating annual interest ot one hundred and fifty thousand dollars.

What would be thought of an individual possessed of boundless wealth, who should be so improvident as to allow his expenditures so far to exceed his regular income as to be obliged annually, to execute mortgages on his real estate, to the amount of a fourth, a sixth, or an eighth of that income? Would he not be justly considered as insane, and unfit to be trusted with the management of his affairs? And is not the case of the United States 1 unning in debt, and paying that debt with public securities, exactly analogous? Can that diey have been other than vitally and most perniciously wrong, which in thirteen years has encumbered the nation with a foreign debt ot 840,500,000, transferred from its citizens, accompanied by a wasting annual drain of 82,200,000.

5»vT

cannot Tail to bo in the snmc degree, beneficial a"

,hoae

cause IS WU'J

uons tie is ••one wnv,

I hope I have proved that the policy of this government, pursued from 1816 to 1.824, has been greatly pernicious to farming,cotton aiwl tobacco planting, and to commerce and therefore it follows that the American System which is its antipodes,

It i&ibulfair to state, tJiat the expression in the hdinburgh Review is that i4 is mijijioacd" that tl:e above sum litis been imported into ICngland. Those who know the facility with which correct statistical information is procured in G. Uritain, will be deposed to admit ~at this estimate not matfiaHy wrong But the inference inducible from it remains, making whatever deduction we..-majr. judge proper Iroir. tne amount.

a ts-

mtoresls.— bi itcmr 1)0 via

Hence it distinctly follows that the, roails, canals, !iarlior«,

cause is truly a. n/tional onk. Tliis r™r and employ,

it is which ought to inspire every man ihe peopk-r he ask^d—exami

actuated by public spirit, to support conduct and^haracter of the c.iaud advocate it. It is to be regret ted that the want of this support on the part of those vitally interested, has caused the long delay of its success, the ruin of numberless individuals and the lo« to the country of probably 100,000.000 of dollars.

The following are extracts from |ures connected with this p„|icv^ the speech ofJUr. Wright at a dinner which the VV est vvas most deeply •riven him at New-Lisbon, Ohio: v\ ferested: and if those measure,' I

man in the coutitry. A youth at the Revolution, he enjoyed the society ol those who were its chief props and supporters. At an early period he went abroad with bis father in the As to lit*. Cooper, to whom reference public employ, and continued some has tieen made, he was an Engifo,. time under the direction of the revo- man, and who could blame bim tor lutionary patriots, Jefferson and Franklin. At the close of the revolutionary struggle, being desirous of pursuing his education in his native country, where liberty held her dominion, he returned with favorable ble testimonials from the aages whose companion he had b$en. tiince he attained mature age, he has been almost continually in public employ. No one disputes his attainments Yet he is held up by designing men, as an aristocrat and monarchist, who has been educated among the courts siavtt to be employed to of Kings! Asa man, none is plainer vert our interests—your own inter, and less ostentatious—none more ob-

servant of all the charities at life, and the duties of morality and piety. No act of his, in any public station, has be«n condemned by our former Presidents, or any constituted authority. Such is the education, and *uch the habits of Mr. Adams be is eminently qualified to perform the uuties of President, and conduct the civil affairs of this great nation. Mr. W. adverted to some of the allegations against rhe private character of Mr. Adains, but he said he would not vouch for-him, he needed no voucher but would recommend a careful examination to all who desired to learn

the private and moral charactcr of to forbear, ihe coi in to is ha he os the candidates.

He said he would not deal in harsh language as to the opposition candidate, but as the deceased apostle of liberty, Jefferson, had been frequently cxcited to support his pretentions, it would not be thought unreasonable to cite his opinions on the point in issue. On one ccca»ion be said of him "One might as well make a sailor of a cock., or a soldier of a goose, as a President of Andrew Jackson On another, he said, lMy faith in the self-government of the people has never been so shaken, as by the efforts made at the late election as to place over their heads one who, in every station he ever filled, either military or civil, hot made it a point to violate every order or instruction given to him, and take his own ambitious wilt as the guide of his conduct Speaking of Gen. Jackson's qualifications, the Richmond foi.quirer, now a leading Jackson paper, in opposition to Mr. Adams, said, he ••ha# a temper which is disposed to make his own will the sole rule ot his actions he is "one who, in any great

crisis, would convert the whole coun-' jn Vermillion

try into one great camp, and would

reduce almost every thing under

martial law.'* He said be had ad duceci no administration calumny upon the opposition candidate his testimony was from the candidate himself and his friends.

Are you for peace? said Mr. W* Trace the course ot the two candidates through their public and private walks, and see who is most likely, following his temper and habits, to maintain the peaceful relations of the country. He asked ol those peaceable, studious, aud what had been in ridicule called pvritau habits of Mr. Adains, if his lamiliar^ acquaintance with the laws ol nations would more dispose the councils of the nation to war, than would the rascihle temper, the field fights, the violent attacks on those who offended him, the trade of war, aud the glory of victory, the predominate pulsions ot General Jaiksonr—-lie .dvfrted to th« massacres at the river Udisin, aid at the lullapoisa town, and invited gentlemen to e*nmijie

the

.-J

oilitial report ol oue, anil

(ii'n, Jackson's account ol the othci --lie thought good would result iiom the "examination.

Ar? you lavo.-al.le to (ho

5»,j

.lr|.jt

-f-'j'n'-lit

the

lates and liven supporters, you think tnosf f„.. to these mea^res votes of» all

wiih those you ihi.Ik f"'

ures

Look to1, ,,

questions conneJ

with this your favorite

po ic

surprised that the General ers counsel us to submit to who plot the subversion °f

bought, of those friendly to 6*'J Jackson, a majmity in every in", ii ry iiistaRfu

Congress voted against them

Those who now ad- [depended noon their will,

minister the national concerns, their have been dfiated. Look friends and supporters, invite scruti ny into their conduct they are willing to abide the candid judgment ol the people. There are, he said, but two candidates for the 1 residency, and, if agreeable to the company, he would examine a little into their qualifications to fill the place, to determine which was best entitled to support. Mr Adams'education and public opportunities have probably made him better informtd as to the civil administration of the government in the spirit and according to its principles, as avowed and maintained by its framers, tnan any othe

a{[

to tl]p

ungement between some oft! porters cd' General Jacksm,

Sy'1"

Middle and VVe.ternsfclJ' members from the South, invetJ"® ly hostile to the whole tern ot Policy Look to the developed to aid one another catch the ««Nortliern Weaz| to the violence and the thr,aJ°0 those you denominate the HouJ. of the South, denouncing venial and destruction to those favorable the tantt and our manufactures a,] even the government itself and

g'ee

you can side with tliem.and becaa•!' your own principle*

prevai|j

the pillars of the fair fabric of [U American Government and Jest ourselves in its ruin, and rear

rty

in its

stead a splendid military despotism

disseminating Knglish doctrine* ani principles? He may be justified while he works in hib vocation- but if we are deceived by him and akindon our principles, we shall run with our eyes open and richly deserve to be slaves. Mr. Randolph had said on one occasion to a Northern man, ''You think we govern you by oor black sjavs vutes—you are mistaken —we govern you by your own whilt slauet, those among yourselves aod we can do it a^ain."" Are you the

ests?

Who will stand forth andid-

mit himself the white slave to b«flattered, deceived and wheedled into an abandonment of his country, Mil become the instrument in the hasds of those opposed to its dearest interest, to worke its demolition, or to drive its friends from their continuance in power? Let him show liii head and exhibit himsell ajitslanto tick the dust from the feet of a mskr. The counsel of the great Washington is to fretvn upon these attempts ft dissolve the union but you area?kti by the patriots of ihe iny, to yield t» the spirit of dissolution, to give it power, and trust to its magnanimity

The coai3cl of Wash-

lion is weak and pusillanimous, or wicked and desperate. If General Jackson himself, when in Congrass, voted to refuse the thanks of the nation to Washington, or to approve his administration—ice

should

theJ

tutions Washington and his conp^ riots reared. Caesar, it is

rue

arms, and threatens vengea Caesar has .,..t »et p.s'ed con. Let him displ"/

'1(i

him bluster, and 6nl? „Jn. let his loll Divers ivrithe io/» J(|f dcr the pain an.l

d,s®Pp,|'' fe

for

being caught in the tup jj the the •'Northern VVai trusted all would be sa i-

hou

was virtue and farmnew 'pre.. the nether bank of the ie

vent Caisar's advance the Uepublic.-f Tobccoml*

sale of

For Taxes, Indiana.

a. fiii

coU"V'VnV/J

commCMCe

on the SKCM

D]Y Jy

|coun.

at the -house door tV, and continue ho

0»

between the h°ur*

„ck,

0feacli^'

M. and 4 o'clock, I j^uls

until all and

and Town which the taxes

may, on the said

comitv.1,11

Lots M'tl

28,

fur ,,,e

are

November, remain

ode|e^

for sale JAMES Collectorf»i' •Ubepl.l2.Ji?

GROENKN.J).Vk! ./fl-

Newpoi

SALK of

Cli0ir' tlwt1,11

AT AUCTION—^* ^^ticeishe-ehy^--

Fourth pel I

o'clock,

1 I r„f

the _e

15 Inoi th, be ou the laudity oidei ol the

Auction, a remits ijv jjd ha'

UI 7

est.

Circuit

of ihe estate of J«* sent.