• .
'`..
•
'
ryry
•-
•• V •
11 G. BE I ProP etor.
, VIVO IF THE
•
Oa mina* inn Mrty 'cern a arMO.j.n tdranee, ni two
tit.matelne tent; ts l lulattlialen. -
No Plot 410 4, 4 1 Ze1att1..,,Y 8401 ! . ! A PA4 AtteP t At
datigimeoftbe .
f • 111.001 SV Ailaiiailillathat.
One Oquara,=fitam,ot ha54.3.104,40a1 t , , plop
fteli in tiler:Won, 2 S .
.01030• 1111 4 3 m — 6 O
6 ,
•
ranamCATAA: t hues of leas, • 00
00
W' Adttytliellie beton , not orni liquarer,l • Coo
One ralumn, one # on
annitadom Only will receive nuention.
i t
• 2 A-Po. ,
erfalDOeume4 '
Ei,iiielicic."i_ettOtarl Wliikft Report. ,
The Reporte,, Secretary Walker is viery long
full-ha long al thePresidenes Meesage---antl
yery able: , WiregTef ettrinbility to .gire it
entire, bat hariienlyiliice:.liir,tlie follcTring.
extract, inchid:hichli'elitimatea and 44e10.*f.t.
, .
rate and ;mutat)? argument against the-theory
of Protectioarrif4 „ .,i_r: , . ....:„....,.....
TiltisOit'ir Dzieoriusii::. I - -
~.. ' ' t . -,
December 9. J. 848
• ' ° -the foll ii - '' ''' '' '
In' obedience t ole*; o
.. ,11%xeportis
submitted: :I ! -- . :, -- "*,l` - 0:::,'-_,,_. '
f 3
The reeeipte nd'expendit4 ifee:' , V l o' - fisipl
year endipg Jet ' $O, 1848, wer e`t. 4 =i."'‘:::
Free Cisteakyi.
AMR pibiii. bade: -.:.Z.,--• v3428642;58
From misea 'emu -..... , . 35,1,03,7 or
From swills "itt
.56.691. 403 A 59
Adirbnialioil in theknaigurpinly 1, 1841. 1:201251 :25
Total ' 4584 701 flo
Thentpentiltares tring'ttiarsi Rice
year werir ° • 58 241.162,24
- •
•
Laiving balance inhbo' tram:cry Jcily 'l, , ‘
1948. as anneals go detail bracnornpa. i
Dying !Raceme:4 l AL 0( 153 534 60
The estimated Ito and E speck:nate. for Me decal
yeareediag .1 30. 1949 are: , T
t nsca.krs, yid : I
From Customs. let..s4narter by *anal ro
e
taros ~ , '4113.99 1.,93, 07
From Custom, 24 3d and 410 quarters,
ad sadaiated-- .4 el 009 064 93
r
. t 1532 000 000 no
l'nan Pablin Lintie... - • apon odo 00
Frau iliscallanoonJ warden 1.200 000 00
~.
. A 836 200,000.00
Frost.kana sad, Vitarcill, ,
saw I.stqairteNtiy tc
talk! rectums, per gState. ' =
gum 4 7 A0 . 6 0 _
From Loans iaitrikafury
2.1. 44. iiiofl 4th . • -
rears,:perStatrreut,
- 10.568:235 3 0 11
•1,1.
Taal Betel*.... 1.r4166.895.43 ao
Add balanci lis thitTre4nary Aim J sly, ',48 153.534 60
—J-__
Total mesas ail estimated 457,048.965 i 90
pe rCRDITUXX,II 14.1 -
Thltaill . ll.l Vl . ' ' awes • •
for 146_,Istasgeri:
_IPA , . r
3916,101 :rare's, : .- -- - ! •
u - appearp fa' ail: II by
mo4l4l9irligtera
-10.10 8.• r.:..... 017.966.104 .91
Vie estimated , E POD4I
- `airlsic "Other .
three ipiaitera &illst .
°maw,. 1848: • ile 30th .
Jane. 1849. sa•-+{. • .
Civil List, r Eselfritleter
, _
,
rotas 'ldisesltaneous 12,169.354 61
&MI proper,' ilre.r.. . -.. : 10464 869 90
ionsficatirrea;Ortfssesee:
Arcane • Mirina.*.c.... I 816 697 99
loilien Detpeelin' esty' • . 1 589 168 16
Peewee* • i, 792,706 19 '
Nam Estairtspzipist...' - 6,089.039 56 - 7
Intoresz mi - the ri'Pablic
Demand TreuAllrmes. 3,285 422 28
Tresurp Notes oiitMetrd.
bas sod pay sbli prima
pretested -4 161 9t9-31
34 193'975 06
.0.!
Lemiug balance is tretsbry Ist Jaly, , '4ll 2 833494 84
Tar estimated Acesipts and Es gr-nditiares for the 6.
cal year mancencipg Ist July - , 16149, soda ending 30th
Jam 1850, are: a . .
t. Ri,..,,,a. VIZ I
?eves Custoes.:4 • 432.000 OOD 'OO
Fun Public C. ...... ' 3 000 000 00
Fmiu Miscall• — issOmu: - . acutedisis - 4100 tam 00
~ .
Total Racalpila.....- 1135 400 000 on.
Add b 11413011 ill TAbiiiiiliii 4aty, 18e.. ' 2 853.694 84,
—,-....-------$
Total madam latilastaii. ' - ...- Sad 2.53,6.01 FM;
The aneadita4s,.. daviag Abe *yaw imiotl, ail eaditea ..,
tad by the several D'.partaranta of 11,1.444". Trol#Al7..War,l '
Navy. andlostma'acer G enre. . arw;: , • 1. . !
Tb kialaacea of tt l i oras.r Apainpriationa.'
arldeh will b• mined to be expoodod . , 1
to lldayear...-.4 ' _ 13.762 ;117. W
Pamela sod.iiarialca lailmilditiavii• 1 .5 4s7 .ty• B 'z
Special AOtopikatiaaa . &AO, fur Ibis i . , „•• I
74ar ,• •
11 . •- • • :2.4./53312 93
4133,913,153 73
This aum is. combposei of thololknothpiritsimpi`;•• -..
CH 4.11 t, Pare* lutercouse, eid 1111
. 1.: ,
calianaoisi— .2
;.. - ' 499 347 il) 91
Ansi .9mee,,4,..:_... 1 4,902,428-41
Fortifisatioßl,.o4/laume, Arming Militia. ' ~ J •
042 . 339: Oh
Indian Deeartai4W.:. i ' 1 109b1445
Pamions I 1:458,0040
51T. 41 E540 114 9 1, 4 10 6 ' - c.. Al, 344,857 48
bftrest o Pak&
,Debt and Trel,ory,
Nolo -• • 1- ' ' . ..... ' 319902.38
,-• , 1 1, , • •1 . • c, ~.............,—..—.,-.;.;
LOP* bajui:lo.c.... • 833 213. 458=;21'.
ieso ii.7sellitin7 lit Jay,
5,b403 11
.... .
114 'itatiEWA-64,5 2 .? 634 84,
44-44
awry on the gltil Ake, 1 49, of 44 843 .094
84, ofa. a
.hehoule in - the Tieftnry ion the 30u Jane: 1850; of 85,610;50 'll. In the esti
mated expeudltures for the year endiei , 30th 1
Juep.„l/00,40,ineludext..,lialenees• of eppre:
PrigiGns Itooligot L 018162,531 , 19; hr::Con. ,
sidmMer : worwVithessysot.4e'reofuited.
,llniesi ne!r_ _ft ettreordhuirp expet*aresi
imi a
'areintho b y -flongrewno7,44ll&
beretfirku/ t*Atifiel' 4 #4oL' , Y : -§f
redeseu= .1 ;- -.11 ..;;,,,,,.. -1 , 2,,,,L ,),, ~.. ,
Tfie - 441iiet . re se stirt4i .iOni . P
the entire Hod cif4367,*iiiiidOefie! onto ';4
of the;speeetiefilofi.helitirifrttlBa - 1.,
blik/63 war , *01,5K 551 k :being , itiOttfr:
al MT* * 3 .0 9 4P8. 3 2, ,11 1 41! ,
nue !sea , ' Flbeliti . ff : of' istk . , op s
iillindri ' .iii*ln /4 I:4Cgii . . 5 4 6.
M I NA . '''
' ' . rAse, tp,eirtime% . IT ' 4 '
$ 58 ,0 6 / 4 563.09aferap141180. • '
i
28 W - AuviChtiititailutlyse of-117 1 , i7 '
9e4s l,ltmtautawoliklhe Tirifri ' 04
thiO *ootstige;foktrindei the Vatilref );:.; t,if
Theeet roiti ' aiikfirok'i, 'lin
der the T • of 18 46, f 1pWtibli-, rill
13 /M7,
4 4 itie •.:
In c
th ** o # 44 o l iistp-aiiewrima .. JmYto
"`oaf„, . ....: 1 044144 r ihga4? $$
.Z
'ts%4, . ati 4 = - ZZ - 1r4 0 4 .
Ws
. . ~.tzst,_,.. •
11 • f
.!. ! •
1. • .
' ,
.' •,. • • • • i 1 I
---t-- - -7 - . - 7,... .. --.- -....--- . •a.•• 7;., - 7 ,- ....-=-:: - 7 - 7 . : • ' .--• - .7. 7 .;,•:•. - ;-i7 :- ,..77. 7 . --- ,.77 .---2- ..- . — I - -
,-,, •.....t...,..-; : ,..,,,.... .7 1
~ a. • .-t. ' ", ' ; ::, 7777 1.....' „ , - ---,- -,-- • . 77 - 777-.. ' ..-..-....,
' , MINIM s.'--.--
—7 ,7 7 7,1-
~ ~ , ,, , ,i , . f. . ‘ ,...,t. t, ..t . . . '
~,
... , '?„ 7 fix; ,F,', ;;.-!r. i'lP , a4 7, 'Z'Z' t•`.- - .- ': Al '-2.11 # 7 l , ' t', ,, c.--,, - ,,frA ill. , l^rr-t''' ,.4-4' f:il t . 7 •ll'iC73l' ,''''' ' '...' 4. ' •BP L. e.•. p a '
i • flt , . 7 ' tl t , -• !- = 'P'• . I. '-" i '! t ' 'l . '''' .' .Z.... 1 11111.41L9 :;;:-...'---%; ' - '.p'• .-- ;`--1 , : - •:"i , ' , -.. -, iti!.--.;:.
, , -•1. 4. • r— .;•%, 0, ~,, 7 .,,,,,, -, „ kw , Ar,.. „. • .p .
~'• ;Ist Et, • 1." 1- , -.., • ,i ' ,. ".. 7 ! ' 4 ' ' - ' llll or . - - - c
4. t,..." .} ' '
.! q... .•• :V) : 1 1
. 1 ' ' '' ''' ' :! l' : . 4. ' 1: • .!.'1. :;.5 "il;
T . r... 7. '‘
..31a •
ti • 'r• i ', ••.y. 1. .••• ;,- 1 ; I.
.; I 1 .!..141::: !I 1.. ;; ;.. 4''i,
• ,
~.. ~.., 1- ,1 .p.. 1: . . : 1 • ••• .. vi
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t •:,
1 ~, •,, I t , '-'..•. i, 9 '", trl, t y lil ' , ~;,. :. -: '
,-si '.' -I s 7,. 1:! t .4 I 4,.E. ;:. i ---• '.• 1 I '; • '' ih, ' l' •`,Ol 1 i; ',
4 ' '), 4; t ,
~,... , ,
,0, , t • I ;V:1
, ..„, t t ',. k it - $4.1 " 4 .! 1; ,t,:i I'l `, 1 ' ,' ;IS .. I • el ~, tf.. ~,' --et i -,t '., 4 1
-,, - , 1 .
' _;." ItA •'.l '
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...... ~.t i• ',.,. 1 H, II , ~ ,.;_ta,-.. i L . ,... , „ ;‘ , .
~, .
ai sit
" •,,, 1 „r I
, J 71.• '4 . .. : .--..... 1.; ^:' : '4:,: I i:I 2 ! :• p l .
't: al '' a a,
3. .ir,......'•• ' : , .'ra . • ..-, .i RID .m. ' it; ,: . -'•, .. -'. ... '• , '.'"• '';' %". ,' 1 -tII It 1,. :lc,' q
'' '''
'. 9' 3 "j
l.i
... :',':: ,'' :. a r..; leji j , ,:, ;j: a , ". 1 : ,'t t,,,, . 3 ..,, ~, , ' ; • 1 '
,i, ~.. ~i ''' '. r ' ' ' l ' 7 " -'
1 . ': . A
~ .. !-. • ~.. .. :e ~,, 1,.. ,- ....., .1 , 4 .-..: 4-_ , ,! ';;- .-: ,- !u 1 ~ - ~ i k:'
.: 1 7 , f,.1. .
~ ~ i , ..0. e t, f.! ! -.• ' • 1 . 1 - '' 7 ;!"' :211,. '1 4 . 4;11 ; ,1!„, ~\_ it;,4- .1, 4 ;4,
~
, ~.,:. _, - t . f a -: ' i• i ....: I^'' I. :, :..p .. i I - . ..
11 . ~
,e . -. lt'it" " it . 4' '''
I a,
? ' t .i .
.
, .'i 'll'.
I.
..,! ~, . c , 41 11: • • i
,
.., .. .. -, •. . r iii. ••• 11 ..r. ..t.r.. , ~.!-?. I a.... , !.1-4 . , : .,, 44
' , `,- • ~ t .-, !- -,., ~ i: -
; ' '„,41,? , i ,-;i - ' •• ' '•
i ,; ,J.. , rc ! ' •,.. t:. -::
./ : • .• , ~, I „., •.. ,t,
I :”. .
..
.. : •-:. : + ' • 1 r.:.. '''•
.. . , , : , '..
i' .' , .I : Sr.t t'. r 1,1 ',A r.• • • •• ''' ''• : . ' ~.. - . 1 -7 I ',• ~ . v . ' ':• ' . . - , .. . ... •; 14 4 ' 41, 11.1 1 ". 4',. 1 , i• ••• ''.:4;ir : ~ -. 1,, 'l',ll-: g'P,l`4:_t it ;''! ' 4 ' '''''''
~...4,---,-4.-4 1;••••••••••ammir
-4 ‘ alY substitliti l Aft r ' daintstici rile,le audit
•
i r
a h e ole n t : ', - t i aCt"ef 1,84 t hid iielded.t li p
7
i i , ge, revenua Aeaeived, danng,tlys prioA o ;
ills etual, cipertttlon,Ctliii me Imre seen w ool
ha 'b ee n .In ne,Cnni,kinnf'ußcar 4 o $ 7 .9 017 4 - , ,
11101
T u a l l i n i g o r m p tl). f pi tt r l t ro w::tla n w : 4 l` 4 e tti ti t s e lk u r e ; l : if 7 n e s u i u l a t i t:s: R i l i:f,„,
steed of &large surpluaon the 30111JUne, 1850,
theft: wnuld have 'Veen an tiddition, of aiqe
thai $25,440,000 to our Ntitiopal Debt vthio
mit =hitVe gone on rapidly increasing,, reqpirilii
in ,t roe of peace, new and large -
loans teehe ne
IgoOva- „ ,
also-the proceeds of the u
sales of the
' P
lie ande were taken from the Treitattry, :ir
dis 'tuition , among , dip States, the istuipenta
tie of :the 46t, and accumulating Interest
woaldliave been stili more rapid and alartniig.
Frtan this disastrous, cotiditien we have been
saved ty the Tarl of IEO, yielding Item re
dheed taxes an average exeess thus far of Otero
thah $7,000,001) ever , tbe•averege reeeipts from
tbelTariff 0f_1842.
• Ertul,thet net remained in
for e daring the war, from dimieighed revenue
the loans must have been greatly, augmeatedin
am unt,' with a stnalf,anti declinipg Income, and
lie gad of premiame, realized, Urge discounts
nih t hive ; been apnea. , That thg revenue
wti Id have deelittecl,,kesulta frank' tbe ,positipe
of b e Protectionisti; that by coetinuing the,
aye ;emit few yeara,.4le4 , : wetild supply the '
eithlile liCine markets kith the / pro cted do
mcitie articles, when the foreign ~ portation
mitt ceitse and the' revenue also. he f resalt
then of prote ion, must be the annihilation of
thd forei,gn i port trade of the conetry so flu.
as regards pr tected products. With the ex
clusion or di inution of imports, the exports
must cease o be reduced, fur foreign nations
could' nut bu them. -
We export d last year [sec table F.] $130,-
203,709 in v lue of domestic products and fhb
.l
rice, cxclusiv ot• specie, and under low duties.
This pest go on augmenting. But how can I
forign count ies pay for these exports if we
will take no i ports, or very few, in return ?
Clearly, our s ports must in time cease, or fall
toga very sin I sum; the foreign markets must
be destroyed and the price of our staple ex
ports. of cott a , of rice, tobacco, of breadstuffs
and provisions must decline, for we cantiot take
the return in specie from abroad without ex
haastingtheie markets in a single year ; nor can
we consuiie at home this augmenting surplus.,
The British Empire [sea. table G.] took from
us, i (not• during the year of famine, as it is call
ed, of 1847, but in• 1848, - ) our domestic exports,
including cottori i rice, tabacco, breadstuffs and
Provisions, and other domestic artier,
4' exelu
**le ' .P.. 7 . 4. 4 - 4 4 n. -a— a Slia 1,4_16, and
Great Britain and Ireland of the value of $54,-
222,268 -,. and this is the trade of our hest for
eign•customer, which Protectionists propose to
sacrifice by high or prohibitory dude§ If the .
Muff of 1842 gradually excluded, as it must,
nearly all the British fabrics, could they take
$67,741,416 in Nike of our exports, while we
icould take front them scarcely anything but
specie? Such 4 trade would exhaust Great
Britain of her surplus specie in a single year,
find leave her nothing with which To purcha.e
our exports ; and so in regard to ill other na
tions. Thus would go our forciin markets,
commerce and ievenue, and with them our car
rying trade, and our vessels and I steamships
would remain at the wharves without freight
it the importation of protected articles would
rapidly decrease when the foreign were high in
psiee, and specific duties operated as a pretee
ttan, under the Tariff of 1842. from 41 to 248
per cent. [per table El, compiled fr i nm Treasu
ry-returns in 1844] what must not have •been
the decline of importation and revenue when I
the foreign article fell, as it has in many eases, I
50 per cent. bringing up the specific dutiesl
'from 41 to 82 and - from 243 to 4813 per cent. 1
,
Thin fact illustrates another objection to the '
sliecific duty, namely : that althorigh it pro-1
Tosses to be stationary,: it is in fact constantly)
atigmenting from reduced price of 6)reign arti
cles. Experience proves that, frdm improved
Machinery, new inventions and reduced cost of
pr . oduction, the foreign articles a constantly_
14minishing in prim; while the specific duty re
maining unchanged ~ i t, is 'continual *creasing
etri
la ratio as an equivalent ad valor iii , ,and the
preteetion augmenting every year. Thus, if
sugar were six eentiia pound and the duty'three
,
cents, it would be equal to 50 per, cent. ad va- i
lerem ; 'but if the priee of sugar fell to three
cents; the ditty would - have risen to 100 per]
cent. ad valerem, thus doubling the proteetio a ,
and tiOtinrially augmenting with dee,reasine
liireignl i pli i ices, until the duty becomes prohibi
t4y,%imd tile revenue en such "articles' &sap.,
- pears; wbeleas, the ad valorem bears' under al/
changes if price, ' i the same exacti ratio io the
cost of`the foreign fabric, and .I,lierefore • ip the
most just` ecitis(l, its alio neceserily insuring
a laigni,Teveriue. i
, Annexed will be f4und tha tabli, marked'll,
of 74 Prineipal protected articles prepared at
the Trea4nry Depiitment it i 0444 fi'On actual
returns' and insetted together - with 'Others AO
iiiCkery able 'Repoli' by ,fr. MaKay, fro& the ,
Committee - of - IYayi and Met& 0 Maintill,
1844, embracingeeciod,qien, 0681121 e, sugar;
cotton goods, &t. &e.; shown] the lieedal
. 2*** and"inialifOiaiiiref? and Orilreriff
l ir
' r t r 4 ; 9 4 those„ettl#l , 44 kestßY4eikt
....4 4 i emovigirOnign..4ko42o3lpsr.crti
t
Noy : these foreign aojellis take fallen inpr,ice,
1100 :t• date, 50 kppegif* tßaintel'ir ad ,
110
would,4 eeliPellt•fr9 4, §?'.
per - :. ,te:4B6 per cept f aidir# 40 oi 101
a the foreign= i 1
' .:e .. Pg ra . ! 1,,, .y,br 1 _ry.,
~ issattnying aerevenne. ti this aspentel
Oe neeeethesaNections to the specifc duties is
4spanisneioritelireitwa 'Tim to rirranne.t
OttifilinPerehitt, 4l Pile their Amjiat , eparation.
'itpeklabo o ist iisOting'so inuebbialierdeties
iisisampirlant ad Mihail on tbeiebasipeetiosi
140 a r' sm . g .. 4 l4 llll 4 voillosaiorbt
owlesmaik it , , ,-,1 ~ , ,zo
if, Oirtairifolixiket - Asite tiarreiti*
leallnso(lbrtranirci)llll42. lArhaykaaarifirou
reelb
: sad
moi Fea imelniiierrdetieeitmithieell
issitatiareit lei*.esilkitsis,
'-‘ , --s f 4.12
"••••7 • • I .
****•
* •
bIONTROSE - .PA.,,-1111JR8 A tS, i 1848
" • • •••:".• r . • • ;1• • -77V1 I •
=CM
re,acgottfatat td - the,Brotective poliey. They
kflow . l i alsel, that, -from its, immense hiniettes,
xenon"; at present 'prices froth sixty-thro ; to
*reel linnflrail. At, cent. oit wiltstimOate 'do
mes*, itrodu °tine jn, , a
. few leers to ; inti. an
ei „
mit a
.a, :finallyi it°, prove f.nteit- diensitooo 4.0
our l lf . nufacturera.,,, , That whieb..ner.uKnullad7
Curer nove.desire, is what they regard a tanti,i
eratcOutief made specific in' certain cestei._ But
theseispeOfie dutieswili, : as has been shown, be
foun 4 constantly, augmeutingln ratio undee the I
operation cf theleneral principle by, which the
foragn article is continually itending. tolt Ai
minislied price, whereas,the ad valorem always
bearligiVe' smite 'proportion to the value of the
inipi
s tile therefore always thinnest julst; 'equal,
and Melding thh largest revenue.
'Tlielatigmenfed - revenne strider the Tariff 'of
l'itlteitins.proved that ad-valeteti ditties Clio be
fairlYttissesseiland 'collected. ''!ltie'shoviti'llso
by title returns, that this augmented revenue is
deti‘i from a eitingatitiVely small amount of
foreign r imports'ionsumed in the U. States.
Thai amount, as. by the table befotere
ferreil7-td,fiterked F, of all those foreignim
port4 thus consultant in the veer ending 30th
June; 1848; being but $12:7,490,0 - 12, -Upon
which was 'make& ir net - revenue of $51,757,-
070 f 96: ' , ltlep4eats'also from the table that
so Trit - t renit 'this' , ariff having'filled th'e einuitty
,withiforeign goods beyond its eapaeity fin° don
suin tionl the diMMltieexports last year Vielu
siveloUleiteoieAtetially.e.xeeeded by the sum
[per)iimelablel of $2,713,697, the foreign iin- r
portil..exclusive of specie consumed the same
yeitilin:AbelJnited 'States, including all articles
bifilpecie;bdth tree and dutiable, thus show
,. . ,
trigs balance of foreign trade in our favor with
out taking into view the immense profit realized
in. ttie_foreign market nn our exports, generally I
estimated it about 15 percent. or the profits I
of fright and natigation.This was not a year;
of fit mine abroad, -but of abundant crops in I
Eurepe,,,attendedislso with tevulsinns there, 1
.highly - unfavorable to our commerce, creating
innumerable' foreign bankruptcies, by which
- tvastlsums were lost to American creditors,: re
quired to be replaced 'by the , export of our spe
cie, irhich was greatly augmented by the dis-1
credit in oar market of all bills drawn on , our
foreign shipments, producing by this artificial
-rise hf exchange, an unnatural demand for spe
eie -and s, ocmsequent exportation. But all this
specie must soon come back to our country,
except so far as it is lost by foreign bankruptcy.
- It appears that for the year ending June 30.
184fi; 'not of famine, but of, abundant crops in
Euripe, our exports of Breadstuffs and Prn
visit* [per table I] amounted to the sum of
$371472;751, being largely more than double
the average annual export brit* the Tariff 'of
1841 ,---- TliWrestiliAlits'year. deriiiinstratei iliiif
tivcti without - a famine and in seasons of good
erolis abicaol.• end even When their Ittenoo n
ext Musted the preceding year by an unprece -
. .
' I enied loss of 'specie, pr o ducing unparalleled
.revellsions and 'bankruptcies, yet with low du
tiesi enabling them to exchange their fabrics
for.nur -sorplus of agricultural products, they
could and did take a large amount of our
Brelidstuffs and Provisions to the value of
$34472,751. Thus, while our farmers found
;this; large foreign market for their surplus,
(whitey ,otherwise must have remained no:4;141 1
here, Our navigiting interests received a, new;
impulse as well as our commerce, our tonnage;
hating increased during the last j
year per table
Fj ffrom 2,839,046 to 3,150,502 tons, heingi
mote than three'times the increase we ever re . -
jalized in the sane time under any Protective.;
Tak andinatingthe whole increased tonnage
Under the Tariff of 1846, 588,417 tons: ' I
I
• 'The increase of our commerce during the two
year's since the enactment of the Tariffof 1846 . 1
I hatij been so great that our domes& exports,l
; exclusive of specie carried abroad, exceeded by)
I the
t i omit sum 0fi580,605,181 the exports of thel
tw yeart preceding under the Tariff of 1842..;
Mine the-Tariff of 1846 has thus augmented;
null coMmerce, tonnage and revenue, it has seen;
tha 'country . pass uninjured through the ordeat!
ofd 'expensive foreign war, absorbing and i
withdrawing from industry nearly $50,004,000' 1
of gajaiiel for loans. It has' seen the great 4 , -
VtainoriliEngiand of 1847 pass over us alniost
unharmed, with the_general overthrow' of gob-;
ertn - enti Onthe continent of Europe, with, the
anparalleted ' destruction of 'confidence, Credit
nof' industry there, and 'with millions lost to
'out.i
ut. merchants by foreign bankruptcies. Yet, i
lev/n through this ordeal, tinder the benign in-;
fluence of the Tariff of 1846;'the enuntrY hag'
jpa4ied, and is still. Prosperous and progressive,
land of man ufaotures are far less depresi-
e'd than has been the case in all such precklidgi
teltdiii'iiis.'
`... Upon the re-enactment of the Tariff of1842; 1 1
or ,6ify — similar restrictive measure, smuggling
jin' 'bast' extent will become tut otgaoized Flys
te .. - By - estimates from the Topogriphical
reau afie'COatit - 'SfirVey''herete ;inhered
.71 1,,
.
:14rked A A and B B, it •
appears that Our'di
r Olt Maritime ocean front, exclusive of bays,
iiileik'islanda:Aiel'ametuiti to 6,1'20 idles, our
frAltiervpotille,itino to'l,4s6;init one frbn dee
upon! The, Brtipth possegnons to 3,303 ielles,
i iinikiireiti'all . • 9,870 mile's which we ' hive iii
iditrUlittieetAtkiigilets. 'SA Al;in'nftlition
,ticol!thiti, iti . itiiistiii`dfM4, 2 *PtikeibiiiihOtelinis I
of ills.' eii`tlYe Athititic, the Pa { '
ti.itt
ett
r
iitrabitiiikiti'oll;9 te*share; iiirislinai ibd, dfl:the‘ifeinlhaa iii tid
i)
l
it IndteigAiitiiee4if B;,o6Btei *is idling'
tikbyitheeV-Stutk*hicb dedzto4i7o
I#et , orbetir'vot the iritis ' anti IttiOW
peroetriiceietiteteellateentit Iflvolos
i
.:t4
,pgo,.,ooete?o-41t,822rtidite;it4 !ptoteet a *bieH
tiuniv-Timt zilitießs* , livid& .1116-: tiortitsj`
nirotitieli'llitii4uiliiii4lB42*Crtild 114
i j elp' ()foible. ' , . - =I -,', ' '.l
-
4111641esis4tisirutti4erof-'ilitienue, So' e.'
[j
.; . imi l io.thitliontavtrachir, artdr , titirtbo liirhigii
Oulpy: 14404 ireettiimpt !fevitte hileeillif
Wrimitbeikyet the Uni . k'Wtinilti line the
Aliteirlitiot oglhevSiloii4.policy k by:thit op i
eritkiiittOigriliiyolia oil ElOseiditintigifOlii
4441 ~I;:rti tr i ,-.1 , ~ II t.7Y - ,e.):-.t:.; 1 s irri,:',' a 1 4! I.'- 111 i
i 4 ,` T. ' - 1 8.0 0 sPoolko ,
-,
~ ,
_,lorrotliktitivAillfl 0 , 0
itmis „ ,
li 4ii. - tz - vp
II - • 1
, ... . . . . .. , „ . . ,
..,ommetions, pillyain . their deastnerce c ed . t I (al it.' ' t tee'df the' • ' - IF, 't* u lt,i - ..i t o l v i ir
' " ; - . ~... ;, .. r r 1 1 - a ' • I Ipn: ~
and stay. *4 , 4-....tiiint„'Obins: 'Otti trade` • - lv,ith j Congress dall r ilitie.ine-lisZte;litlitiOilnie, ''time'
theeli.C.P.laPare, ll .il.v.. l Ahl. !qqaicliro . iga, tia - 70,1bie'n i taliuili, thiir laver' ' . Tikeiffa - `.'Were - driss'ed,
if theseeventsped net pecHake+.:Nevertlieliss, and their iiijui taut' ' ; elta=titeet -- eSeliii tltsVery- .
allah lave: ,baen. tkladY4RtegOeo(eur tnere/th, dther fiatitin d4thoei rated,:rtheiilidepriptect-i
1
restricted commerce with all the world, that life ive system Ahrnugho , t the World would fall - be::
estimate's of revenue for this fiscal year, are- I tbiellfelight iifinteli ell iiiiesitigattoe.`TAllrhen
seeted,„in my last repor c t may, yet be realized, Ismier ' the .14Wa''of lir - Ilk itlCbeyrind* thili reich
the quarterendidg on„ 'the 30th of September of mad, there ifs per el ottleidunder the 'three
last; being the first quarter '4 ill, present fiscal/ tionill Atinighty . 'wer ; !bet whenever man
year, having yielded $13,41,945 ~07,, ' l ean diaturb these I wit, discord' and injury are
The adoption by each nation of high Tarfflal sure to msue. Tit, earth, the sun cod the
is tr war, mpon,the labor-of ' th e w-4)od. Asti's.; colirtlf:Ss•syisterns'' 'tkaint'throngh universal
bor is mere productive; capital...in mere raPidlyi space, Imore onward n Perfifet-tiree n r ancljheau
int-Teased:and wages augmented ;. yet the Tar- Ity ; tint dien 1' the 'lmineiny of the IsPlieres
lff, by compelling each nation
.1,0 empiny a d 9r - ' would Pa idiaterbed if! thel.legielatitte oftman
1
tion of its industry in articles whieb can be Pro- could interfere and rrest the laws of Nature.
duced . mere cheaply abroad, and refusing the The natural-laws w . i ce control trade between
exchange,,foreet labor ; threegheut the .world nations and regulat the relationtetwitheap'.
into .less profitable pursuits, and, as a; co 'e- ital and piofitS - 00 'ls; on e' band, and wages.
quence, diminishes' the products of labor as elLi and labor no - the at er, arelperftet tins, Wrath&
las its wages , Thus if silks can be mauu e- I nions, land' thellawi f Man which wouldtffee(i -
I I
toted at a less cost in Europe, and breads ffsithaftge are always 1 jurioni. The lies rPit-II
mare .elleapty in this country,.and\by high 'I ar- I laical; Echnouiy arslaid ' and certain:' Let
ifs We, preventithe import.of : silks here, w tile them sleet is all that is req;uired of Man!, Let
!by lb:pike Tariffs l abroad, or,their inabilk' to all international exebangeslof products nihre is
!purchase from us becatise we will not take tbeir freely In their 'orbit' as theheavenly bodit.s hr.
!fabrics in exchange,,our breseistuffs ; are exOlu- their Spheres, ffurit ir -brilee end harinalitrwill 1
ded,th a greater ordess extent from their, ar- be as Perfeet,-ind t leii;reaults.as 'beeeft; I as
kets, and their,silks from eve. t own, lab ,is in every mcivemeat . under,thit laws' tif; . ure,
forced 1n both countries into less prodhe •iy.e,:wht.m uedisturbed 11 the arrers and inter! rence'
ppraMte, and
_beth partiesthave sestained•a Ips.s. of matt.' ,• ;;-' 1 ' I" - - r 1 ; 1 `f
I letereatienal . Tariffs direinisb th e aggregate ' If labor is dear' 14 mid , low abroad; '• in the
ialueof the profits of labor, to the extent of exchinge'of piodtf 1 awe get more of theirs for
hundreds of millions of !dollars every year, land a smaller amuput o ours, find gain by the ei- 1
!educe correspondingly the wages of labor.: It ,change. The chew nets. df fureign labdr is an
would be most useful•toexamine the Tangs of argument in favor' f :exchange with them.- '
all ,nations, mad :ascer4in haw much labor in Thus,. if-We minced is'toithe linens 'that Ea- '
each is then:hi diverted lute less produltive rope from obese la en, could afford to sell two -
[pursuits. These .tallies have never set been yardSr fo what one . ohlil cost here, it would be I
c ollected, but if o r the 1.000,009.000 pole of our interest te , pureltdse (rem them' it there- 1
Ithe earth, the laber of 200,000,0n0 is thus ;rent duced juice. ; But Sceordin'g to the pratectivei
I dered less profitable to the extent.of one cent theory the cheaper the , fereign labor and' the'
is day for each, the annual loss would be sqoo._ loxyer the pride lot i.s - prodifolfr, themteinshould i
000,00.0. Man vas commanded to lahaiN b u t, we exclude'tbem pylh i gh ratis ilfAuty.' In i
he was permitted by hfs •laker to employ his the absence lof d lei. we • will exchange our
industry in each,tountry in th•tse pursuits for surplus prodeets f r ticeirl - elleaperfabries, and
!Which it was bes., suited, and where his labor our laboi being a plied , th'ihe production 'of
I would be less sfsvere and better rewarded.! But articles thus ceche %MI shroad l - - wageeWill be
the laws of manl,by high..daties diminish ; the enhanced hene b " obtaining - mere 4iteraled
products of his . industry, thus auement; his markets fur our prodUcts,;,,and getting for: thief
!hours of toil and deprive him of the tit+ de- a greater quantity of l useful " articles at I;)Wer
!signed by his Creator .for the acquitta ... pride's. In the abseticetd"Triffi-the-diviiion
l
f .
knowledge. These laws also. while dimie ing
i s},
of labor wouid be 'ecbrdifor," to.tife laws ofila . -'
the wealth of palates, produce discord be we e n, lure in each nati n i and the surplus of eacb .
them; each by high tariffs proclaitnin i ; war would thus e e changed among the Whole,
I upon the industry of :-all others: Uuderl Free , each employi g . it labor only in the most pro-''
Tratle,.each nation will profit by the labor of ductive punnets; d; theretitre the aggregate
every other ; each, will employ its industry in ; proles would; be I plat. 1 If labor` were so low
those pursuits for.which it is best adaptel, and; in any foreign con try that' they could furnish
goods at Simms, : temimit prices, and these.
,thkettyplis of eaoh be thus exchanged with th e! es'
niters, by a reciprocal commerce benet4ial tel cheap .articles-we , auch-iat.e:me wantedlere,it
all parties. "The - true inthistrial interests of would - be our in est, to !;purchase theta in ex
---:---- --tAantical... awl in exchanging; withl
chauge for oer p
. diactsi and the cheaper the
each other thaproducts most cheaply produced a , igliso •••*;4.• •-er...eAste-lettaddisa our gain
by each, labor everywhere benefits labol;„ man ila the excha4e. itiis a, strange objection to
the purchase/ of f alga articles that the price
his brother man, and -nations each other, and 1
their -only antagonism is introduced by human', is top low. I ‘i ' •
legislation. The doctrine of Free Tradels the! The argument hat we must encourage-our
petition of labor to employ itself everywitpre i n linfaut meanest:tar a ;was, always fallacious, fur
those perm - tits best adapted by Nature to' every i they would encourage themselves as soon as
country, and yielding . , therefore in; cacti the! the country jwas adapted to them. But are
largest products and 'highest wages. Itl looks.) they now itifiint uni.tintactures `l We,hate eall.
upon-our race everywhere as friends, as ktreth. led them "So tor si ty,iyeara, nod. will' they cenee
ren, as equal in rights and united in interest I to be itifyrt ma nfactures mail weaned film
and destiny. -Rightly understood, there ?'s per . ..! legislative PTPtee 9e ? 1 • 1
feet unity of interest between, man and tuan,i gtt the Ist of ettruary, next, the markets
and nation and nation, and between capittil and of Great Britain Mill foe open to ow Breadstuff,
labor. . i . at neminal . 4tiesl shall •We enlarge the mar
-1 We see the . ets for our prOduitts by selling them to Great
br i enefas 9f reciprocal Free ITrade . k •
among all the States of this Union; although !Britain in the only way , in, which she can pur
their wages, products and fabrics areas vrious ; chase them fora ryes of years, by-taking in
[as those of separate nations, yet all the f) Latest exchange such of. er tabries as she can sell to
I find it to be'their true interest l ,to admittfreely las at ceeapen rat than., we can make them
the products of each. The benefits of this en- To the flintier .or lanterthis is just, a iluestioh
) restricted reciprocal comMerce 4. constitute the I whether he shall alas two markets or one, or
I great bond pf interest, constantly augmenting.' whether he al ial sell resort at a higher, price.or .
I which keeps together the various parts; !h u t if I less et alower price. IC it.be our luterest to
!the Protective doctrine be true,,it weuldibe the! shut ! out British fabrics., it would be theirs
!real interest of each and of all ; tbese States to to renew their Cern; : Laws, and. exclude. our
',impose duties upon similar i pro,ducts in lothers Brcadatuffs from, seirlmakets. : .t ,-- - . ..
It is said that the nitinns will not take out
; for the protection of the people of eachlState. -
Net clear aajs this ,prcof of- the s benefitsiof‘ rel.. products in ;each oge" for their, fralorice; but,
1 eiproral Free Trade betweeh the States of thisi with reciprecal, , ee t .Triale,• they must,teke
Union, the:principle, as a question of practical
the the, unit' . real ,ritleAblit.the purehaser
lE.xononty, is
-the same extended to otherlStates will buy thechea es4artieteswitlieut. inquiring
not united with us under the same Government. whether they Ye. . rilekkAC bogie er abroad-
The difference in their politigal institutions can-. To tome ourind . try byl protective. ( bid es i nto
not affect the great principles ! of Counneree. less , productive by forbidding these
!The local laws of 'Ohio and ' Louisiana, o f m i s . i exchanges, is to •. ,
crease - the amoun of labur
sissippi and Massachusetts, ore more variant itil
I some respects than those ofi many' other, States and dindisisb its . rOducts, ..or in nth r words,
to force.ouftvor Elf,tti labor more an receive
beyond the ihnits of the trnion.v Now while we less. , , -11- : "; ...; , • •
ackaweledge ,the benefits .pf reciprocal Free Ile people oft leaf nion, as consulera, per-
ITrade between these four States, thus differing aping their;true-. foiresiS, if; left to ilteir Imo
Ito their local:-institutions ; wages and products, i eh"jec..erfettered Aktlegtelctiou, will purchase
!the Protectionists cleny.:that it would be h o n e. ,th e best " and '
cheat estartieles.. But..tta.s is re,:
fieial• to establish reciprocali unrestricted Corm- ' trained by law; ud . the ! " nturners ' em P elled ' :
metre with. ether States beyend our limits.: by high duties, t parchasevely !or, ekietly. dai
'nestle articles, twee this, it its saint, will-m).
Yet , variant forma of gevergmeet can make no
t .
difference as to the recipr I, benefits of Com- I eourage halite: lei utory.;; Butlthe fOreign-im•
merce. If Free Trade be eneficial among all
ot
port hos been par hr sedßijuteme:douiestiees-
Republican States, it might at least be-extend- pert! , The tairie .illaY AOt. -ha'fa:heett-direct,
ed to them, although ?doearchies were; exelu
various, fabrics. ay . . harm ; intervened, bills. of
dud but none will maintain i that nations should Exchange may . ape Amen .usedi.- or f aoimmay.
restrict their: commerce eaCtls ether,
they differ in"jtheik form 'or- 1 GtirE4timeio. 4
. rie. l of peta l in -, p aggregato.i,int4stitmal,
beeauseillaen adjusted coo mdenal.batanees, but in asch
Olough . Go4,,riimiiiii Mail di ce,,S e ii art ow , tirade is baqin , ,eltels t itilii l tif prod,uelii",„ Tltu,s,
race tlirouiliont - the globe ;,tit'c enffing„Millifisiihe:forttig9l , ,-1 11 11 o r . 1 ..e . i1f q s. xeliAtigia-tOrl'shu' 9 .
Who inhabit it have otjaint .eet,„atel as-aunear i A m.q'ical'se s P l4 ; ' . 9 ‘'` °,l... "" . l• kl " 4 " 4 Y" whigit '
tion of PoliiititsfeCitniie:yi., alfe r iefit'e pf, Fr i . P,r4illeecilthait - ei ti,J.,,:c been. 0.01 - ePi:94 l ;i:
;
7ri d e InEitillJ r fft)p *. 'iliPle: ' Air - ex tended: te 4 aged, kb* k: Alti iliPsilit-Wftipm*.),•siporpur.i .
States within ;Or beit,i4tb UMWOf the sa m e Sitit.t.rePder'e4 pr; i tzitite l eril..Y-.by high i dutier.:_l:.
Goveroment, , ind each ..Sta • , ,though, separeted '." I . 4 111 1 31 !, 10 . 1 IT I aithafirieC 6 •9l . lith,!it 10 1- . 1 440
•hereafter* shiffele:ittlitrOlth'ts'ein eVery 'Other' tie d , r , cnik)plu, 4.4 '.:l.l.4sll:zin t iltAi t9 it i l
'Steel ii6nl4' , bi'ililia still eii6n6if.,by rOciir9- Tar t ' ' ' ' ' '!.•Og tit - lir e, t i tom itt 7t ovio F t
c a 1 .: 1 4, 14 , 0 , iai ,,, iii0i11i61 , ;01 - 41i; - t o i: m e w Oil artleies'a 1 " ill
„ICA _lTFOtiuthie4oiiiistittle
gemiiiiiiiil itAireif.,wgild' btiltinii : iitli f tle 'Priee,,PiAid,k3l',',..,o o , 1 :T15 t u.., 1 0.e.,r.,!,411 8 ri',. 11 3 ,.",1 1 ,4ii
hearatithfffqiethatehire e f ac tsi . , ; , ..- - I . takert - fromleent D3l - st,s,allairT'jtp:thp - rt4i . eir
c t
1; , A COngrescrepresenting_ the several flifiate*, ientlet . ,4ll . i. - 4 1 . 4 oo:iiri4;:,throli m osumit,
or thictfaithi;lfiereeilre'hi)olliiihui,Seduld he wo 'lle ii il.l ',.„'„•,• tit, i ta , o,,,ftiii...l,l,4_,A,,pf,
~- 410 1 0P ,'
the effect of a Tariff by :flit bniiiit'piiii `its " omit 1 Mi. - ' l l 1 1) , r„in r:ewieg'l'l l ,r.lr,art.''''iri
it " - "tin' ' - ...i.tradiltha ' 2 14 ! 1 i ,glel . to e , iarit”4ll4Aefinivies
;,. , t - It , - - i
- ‘ Ai
ii i
~...,
A •
intereskiw4lthit'of sllithwitits*-- , ; 7lioritrab ;
4 1
it notigehlitiitit - inatwiii re al ;` coal=
r giesenfoe gatie.froisill atitOmewereuslimi-,
bled, they would ion Rer, iviAlmt 0 iniwittoe.
waxii*nit: Jiiii**Jurc joeitilwit•interma'
iletimitittanavaralit *lw.niorikluitiffit i ll
400 liiithallitillithint) i
f!lPlNtiligleinil.* - .
41114 911 i cielliCand 4 ii.411 , 1111-oPOOliti,
1141 0 11 # 0111 10 16 1PAPOI, 1 ,4110 0411,41.11: 2 .:
‘ ,O " ~',-: f•i3l=: , , 10'-r.-1 - e.n911..:',' 1 1 ; I 'l 411 '''. '' f'"'''''l,7•
sanximmenompagammt , km..••••••••••••••••••••=1,1111r2.1......
It
•R . I. t.:. , i' ',.. , : . —.. e1;1f : ',.k.-T,I . - ,:,... i ...6,,,,f ',.: —•5,
",ttl.-' ,,, '...,!, 14.. i -. ,it '1 , .•....! - .. 1. , .1,. "4.'• 111 '74.0.1 - ' f/..i.1,'1ii. - 04,11iiiii., li:
II
II
r4i
1.- 4 - 7 7-, ,71i3-,7.
;I'o ' ! rf: b lifoldof imittitry, it'll& a u n t *
ty ~` r tr1,.... i ;-- ~a kiletirill t rAt4t4titt aim'
itxpionitiferal. .•., I li -, „„... , ~_.,..0 . ,,,-.l . d i s
igiutkinTof 1 6 1111 Mk! l ' I rl" i i : b 744.
$)
~"1 4. 4 41 1 41! ,-.i in
the itt''' ' ,il ..ti efo*iiii,,*elei 1 I
ve rgi 4, tif .t.t:-V L's.
part 11 . , 1111I II I ;111.7:14- 0. '- t
_., laltg
I ;
47. t , - ...-,..!
.„...., 1 . . - - .
---- . , ,4,-,.11.6, , i441, m •- -- 414 mii F. 0 ,54.- „..\44...... , givit. ,-,i_ll
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rii)ii iii -,- ...o . ' ,,, lifil.ntinuttl
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1- .. ...,, ...„ , •c ., 11-4----'k liti ,t -rit
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ffrl
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kapl
-artdim nahtd in alriottiertran tliPi
~,t, .:;,/; '3,. “..' ~, 2-.•,,r^. Ez p - 1 .1 / ..
i l ei.t. thfgqnti 0.14 1 ,te 1 1° It tti' ~ , eVitsg,
o'4 'fi t.11 0'44 : :';7 40 4 71 1 1 % all iff - 4/ 0 41
iiiter 3 :l44.l. ll lo.TOlLi* o *'atiaftl:u l .of • o , l` 1., 4-_
aiti'ittile ' l oo" l !"k,i.iiiliffV4itikv:t .r -..:s 4l ,iit !iv: -
ly - oq?.t ttii . iltii3 , 4jito4s'ailtitri, - 04 , 41klitt,
iff* g ri'dillti4 r.,,ii'Aiiiiite., iiiiioit.naitit'thiri
non,pigie44l:ol4lig i 'AO t(theiel43lWriliaV
i
odAlmir piiiiti!'a i ra,te4c#lotitOit Orittoilkl ...
employed !a . , ,at!co l . lt.ili,i4:fo,, lii . triteOiti4iiii ,
~u t '9f*ntlimen.*jid" . Wliqfkgenkilitti4cf.
wag6ti einift4tfrlirati44,4-04101t6ttiriiiiiiii' 5
tua4i,l4taoiii - tibrai' l if 1:, ' 761 . .:44. 6 04i4 4
tri t,
The effect or t ii, 4 i:OtectiViT ' ita*isibgaciel
to onliktice:liagtfai, : t!iC4lcli tias'`. thial;,Ljgar
to rend's : 4oa ttal invested - 4Na Aitaßifiii4ori l ,
priifitable'.b :01;titine4 liticia ; df ifiiiiViCe# l 4:
fal;ries;:,` 4 01 1 11 91iiittlf 4il o-. 1i t . . 1 ,00'•:,'
beCtitailii7 e . ~ tliiiif„Ai i'i(eriii - fricarvirll
, 4
the,aggreo4,t . tirOfits*:o - thVCCaPfal!lit;Vtte'` , iitftt
trek engaged t . n"stilliiitidtlll4,iilitaittlifia:,l
Wage a . itOiti 21;riii,it'otiOdiffejakrt'ira-'
high : whinlikifettair7fetrVo4ioV: . " .''''''‘Y
ii4 : ll,ll s 9tliiii iiqiiipiialigii;Tiiiitai!ilinrifetiv . ' '
soon Cif it4' - aiiii4 iiir : , : 'ikir,44f.4ite.
ril l
its' O'fill' the liiiini'ot itte:'
,iit try,'`:akttlinfiir.
-any` - 14,`..bitr'atii.:ist" p 4 diA,'Str, - ,t,7,'Witriiir,
tife,',_tirliit• * iiritig 4 Tiittit sie;Kika'it i t
ttilitfiiiiiig t ..fil4 - 41 , 1ii.: reduced by. dimifigtooT.
pixditit==*44 l lliltagirontlh :46ittNtill' ''
nitqt - ii41;.i.40101,0!,:_if -lien hey" 4itil a iiiilia '
I
labor in s iii* . coiiif F Y kili,or, aiiiit _ liiiiii 4 .' -,
4
in agriculture 4ipiia; iiivjggrA la "r
branches`A'Atifilitif a s riii4re "A4 - o.4 l '..tiiie •
t ec
Ida . ti;o4;itittiOti isii.•itiiiitel•ift,V7ls) 114-,
T4iff, '.,ll,fitii.ti4itiliiiisiniji*pfartreffgtiftl
-seriiina
price 'of
`Wig' tbnicriii43l . 4K 41 1 titi -,''''
ing ill'e liriOe 'or 4iiiiioii,q i 'o*•*gtiejrviiii 4 i ,
"them to pay , mar, 1:4 iiiii!!ifikj,gifliii.qpi'
must be `in'tinteit . genera4ll`il(iiiige:o, - s-4.
out :the 'idinil; elia`ii`` ilo'eititt:'a'''ilfricg,`
. 77, -
l a
britneti - if i:Aditstiiy - iite,f . .rhiire been . 4 traltier.L ,
In Or e . 064 il) re ;lie i . I ' f 61 1 g4tift ( TA ..
:7: l' ftfiti,'
d u ty; ,thoiii,initiiii.'nfliisiiiiiibi,!, li s t s- 2 i iiii4V .
I the; Whole AO iiitil .4 ' ef the limiiii#jr,','Waigdilti- 4 - `
pursnita'renuiringoLeolarit ' .''`. '` ,;(', ''' '!-- 4 ''',`?,,,-;
Nni is 7 st!iYinlOgaitiop;'biftaiikiiif , ' ''..;.
of tlie - evilj ttst - ;ilV*o 6 thktiiiiiitii l lol)o*''
datit:s'*l (heir, Ontri 'oiiniiiiiieti)iffiqeign','W!
dUcti. ''-l r ei fereigtribitr*'4 sliaitito '4.
preiittniii iinftoini'l afttatii" Ifilitik4oete:
jean article is - still in, some caSVNSTibritiaV il
their consumers at, a • price ._eitharc4d 124-atniir
idlity, `We tnjUiy Mai live, '4014. itat:fittit4,q_ .
to them only; and not tii)tuZi :liti‘ ° ir ''' ti1i.X0,4` .. :
t t
of relievini nalroti thlif iit,jco . ,"'o4! 5.. ( 3 4 , ifkii --
limagitiarA'ie impose a tia`Uidiii.otir 641 f so=',.:
;pit .ss consulters, t i ,--po i lit qL t _ . o.psx 44
high pric e s' or f reign Trod '. 't liiiiigVdti)lo4.
i
• T w ra e' dt a i Y 34 i e l-;; S il fo ' r l i k ii- k litii .. "'We ..iill (Oei '''R ) l 4 "ls it il d ".4 aiker c:: : )
WOW -. lfbeii i,' 4, ll,iltfiaiiitiltitiiiiqg
`l" r . l', l : e l le i: ' , i ., i i i MO. '4t4.!.e!C:l r t r 14 1 )-i 1 " 4!,:
• I theirs tts thesait . e manlier, - TrU . for g e t . that slok,t,
1
du on fireigu'iMimits lalltlii,iiAli!ou their`;`
own . tieopielibiyimrettiliiiitigilthieWilW
likewise Our' ill' twi';feWititicirta d falUitaitt!;
on our mitt - 041e
,ibf - ,'Otirefiaii.ibiir., "_ctoie,
us' bny - such i iMpotti ea ' Ire agsti*ltigkiriC4 3 , ls ,:
and. the'differenee of iiiieelidif is itiii r 'Saielf ii;'" '.
our pinge,,itso:Munh'gaineti ilitilidditi 'de
capital t4'encOnrige niiiiint:n m itaiilifiV4A - terf
rreaie emplo y ment and ilie: wages'' . ;'olpoir , 4 Ir c : : ".
Rut if it 4 soieni . o . : ltdivide4,tsititkiii:').
wrong..itiac argument 'can be offered - 1V fiii*e:
of - high dUliettoiiii fabrics orceiiin 4 `i4itilts,; l:r
when they'- our'!4iiii i kti , Si's imilig l , 3
dut?iii`eiEbaitge.` z .VoinderlY.fitir "isii'deityli-"`?
istiittlinitted that if . Giai: ritaiii'lryWird r bMi '.
.receive 'Ode Vicittlairdts', 4`elits;'uld `iatti } tliini. rd
fabries'etv-loWAthibi"oV ,-siefi' if 41(0 in' iil i :
4:. h tinge. '1 Th iii i ibe' Coin - .':ii: We .
1
torte in great 4 Britaio, 6,44 it wit inwliiir'`
would sn,t`efefejiittiiPkii4 itai t- 491Y4Sqlnia . .
repealed,land
. 60, 4 c hief AgrilyliTtPl-'4lll94Eit
are -I ")*` ' o. l t4 t r , ' o*.-''a k*`r al v df n9kiiineicr,i, •
duty; on the Ist Tit f 'P'.;ebruitr4ituFV,tyttt mit/flat
ports.', IliqiiyibleCtlonifta_ AT alititdort.t
4 mo
foriner -piiisitidif. lii - la initiiita n ' Una, it, ilaiii* J ;
1
-,. .. .1- : ~- .i ~:., ~....i ,e- - ... 1 . p i - i. ~ 44
ear- farmers to imrenase. Jsrt Ise--Ja,9149A-#Orr,,„-
i prk 4 s,' - eV! .1+:glk• A!' 14 2,41`,L, i._. 1 ,,,.."5‘151F-L -- ,
briiast,ußf ,t.a•!!444; N7St I, !A C IK I V I I) -s - ,l ;ii
d'
1rii1: 1 6 4; : ,! 6 1P.Y1, 1 j4 4 1 .ceeuio in 14,. 1 r;iiitton;...
..„ .. .. „,,....
in : the out ' g' . ga ‘ i.,,t:illi t .TlMlPlillg .FaPAft. be E t:
fund e, of ,!111dR , w,:fte.*1,1411).,ai4,:thqi*Ipi:.," ;
itar gaineittlky - `,4l4gllta,`'#iiiiii‘s4,test c ...fr .
prOduetlea iiMt ; pricciii to q#:Yintiiiiiii&ltillitt'7,-,,t
yes( itiete . in '-‘ lioi._:".pV;*tii,nfyTrktiti„, l 'iilifr, , ,7 l
166 tiii :1 4 : diii4n4 1 : 4 T.IA 6 r,; 1 .0 1- SVI , „. th"a** = :.t
quence Its- aggregate p i r , „01ita45,,, 1 t594 i w4 . 1,,,
w . t lq ., pn.,tike.9.oT':lllo 4 o:,? ATIIPIOTX. , ,T
+itinttirttidn',Of eakiti_ElijrAeS: , ,rpying, eveftwag t ., l
. titcl\YUitfrt '#htvii`itiriof iil liajd,,mßsKi4 t iiioe i ,,,,
"aoa. ' ,.4,.:oi)i' * ;FY . . 4 4.i . „t,the::.;q,anf4efii4e,,N:
the t 4 .1141 at_n`Otif 0f,.,44,14,1.
,t7:4lFi,,yor l i,;!ett..i; : ,.
puriuit toi .4, , i'Mli,er:-00-N ' 1 0 7 44,1,1444 , :,:f --
lilid : i ' f d'atti :o - ,11ii ti ,t 1 :41 1 t0). 3 97,)9f i , ' T! " , 45 1 :'t r, L
' Qrel4 • i i . l L : l. r it-'l ix= o °,l l3 'fl ii•o9 4 ;io= ,Pital:;,i , .
whetli"er . b. Daikinger`lf . t et ise`,,:aoalte
, 4 ~,o • ' •
gall Ofeej 4#o,..orthef vflobitegp *AIM, p: . ,,,, -
rrif.,
' 1 40 1 ; - ,iikvit;lii0FA ' 4 O - 0:, , 144,4 3 ‘ . 53
1
cliiitliq',o l ,,prsitf ii.,l .74skijttrOttf!oittk1
thelef . il* . can.,,Oyor
...,amgiurtt i .,.l . 64l,,'-,ttftTL 3.n
coqfV3r;l# *Yiti:j,C,lT,Ra 001', ',P , ,',..:( 1 , f. PP,11tt,11...
NiOs!. l 7:Pt:o- 0-141 1 1 4; a W/ 19 4 °olog TltMflia
e TtlC i j i p n-Cn ci 6 , f l 4-I t l3- T,N O 4-0,0 9 414q i 0:% ' r y
31' 400 : . 1 . ' ' : 4 (r: i ' .+4 A t : -.'.. 1 4.1.- ""P i 'i 7
0:01 ' .144011114 . 101 ' 14 . 10444r iiiii t ' . '1
f ir
*
'hie` WCi'- .l .llriVitlA 3 fiy•ldilligolit 4iTt s ' 191
prefitliiapiatVdilp4 rogetibt fit ' '''''-•'!'
-OnentsVik-Ailifteitiiii rte . ' il, . 40,.?,f1,
09VaitliVeiiiiki3O tint, I'lr .. r, i;r:
4
.e.t.„ 2 „.„,„.:,„-,,,:,,,...„..,„,„,,,„„„„.
oiiige!ilittifigtiit . ikiiiik k. jgift —",. TE .- .Vii-igi=•:, ';';
,guniiiille'fitiof 6tiVeittB aitio i'lotegtiri4i'%
Ili ittfi , v' 'dole illiioli i If I"rroslitii# "'''
..t
~., •.c „ ~.. ,- f. 3' -,"t, l :• ii, imm
vflitiiii*:ll4o, o 44, ' iiiNtituf, - rote ea ; ~.4
ihilifiliMid 0 111 , 1 ii i .; '''.. llL A ia l WiV elli r A l iT: j r
0111 " :gritiiiO4: 1: 3Yik . '''''. l ' Xi f
Wiikoter TO ix -.1. 1.1
tfientOrg - = ,-, i. ..7 60i r,frea t
ot - vgi - 6 - .. •, -4. -
,_ . * . t . ,l
its b i ,
fl rier
ii ii74l . lll o l , V3Vitell 4 ol 4.
h .... ,,-1 -:, , :i4:4 1 -.1.4)7'
, I s,.. o ,lytp t ti.prli - 77: **(A "Amieso. vow I
r
ivfmutitit viiiiri4beall,,,. mookiii-,4
-,:,-. 5.* - ulitoleiTit t ioolit
. 'rt , 11 '6Alts , : ':', l - 411 1 RAO". „ kittilti I ,
1, -ti ,
bi !it, 1 VAti#‘ ) 4 , 0 ~ •Pett# .:. kl„ ,l l4l4iiiii:ghtl
Ahti: ! i_ii* .. , _... r
~, ~, I:vii
[...:• - .:,..-;01.4 „...,-,,,„........,,..., .._,.. :. , . 1',154
• .• i - t * " .' ''-r , - ; • 4Witiiiii . v 41 ' 4 'l4 O-0. 4";
- - - , w l wiiiikiT
iir o
- , • 1 i , ir
iy;l4
`;11:/ ,
n 41 . ..T.c. •
~.'TiL~ V ~l'~ni
.