PROrFcrlor AND FetE rRADK CONTAINED.
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PRoTEcTIoN AND FREE TRADE COMPARED --Some friend has been kind enouRh to send us a pamphlet with this title. prnisdat Salem. IL is. of course. effort to depreciaIe free trade and the nd valorem Tariff of 's46. We have not read much of it, for we see that il is little else than repeti

 ton of the old twaddle of American industry, the cunning of England and such like things Since il Is iact clear AS the sun at noon, that Free Trade affords the highest possible remuneration for indus- try, and that protection is but soft and deceptive name Tor the oppression of labor. we do moi 10 spend time in listening 10 such delusive sophistry especially as we sse The sophslry clearly that are sure to get no benefit from 1t Bnt we have another reason for rending lile and writing lllc the subject now. The great argument is 10 be, nay is already, transferred from theory to practical lacts The people are 10 see by the working Of Free Trade in the country, and the world [. to see by its operation in the two chief conuie ca nations ol lhe globe, what is it's real effect Our farmers and mechanics are 10 have the truth proved 10 de.

 nonstraiion, by ihe facts they pass before them

 II inc predictions of lbe Tariff are fulfilled, in oniversal ruin devastating our country under the Tariff of lS46 then let the han of eternal ou'lawry he written upon il. But if. on the contrary, all these prognoslicaiuns of evil shall be proved be gross iasehoods,-if prosperity, higher and richer than wss ever before enjoyed, is spread the nation, then let the caumnators of liberty take the place ot shame which s due 10 decevers The issue s fairly ioined. Both sides have declared what is in the future. The future will ielermine all things, and briag in it's true and faithful verdict

 The wise men Of the East must now submit 10 the decision of facts. The world will and know whether the repeal of the British corn laws is benefit, or damage, to Great Britain and 10 us.-- All men will see whether our industry, of all occu- patons. is Letter paid, under the Tarid of 'i6. II men will know, whether under this Tar,ff, the country is drained of i's coin pay for exces- si'e imporisiioos of foreign goods, is enriched with coin brought from foreign countries in payment for excessive exports. We shall see and know the facts; and he people will have dscernment enough lo comprehend their true character. The free trade men have promised the country great prosperity, under the new order of things. The piotectionIsls have predic'ed distress and ruin Let the poelnics

 lay down their pens and await the decision ofevents

 We rest for that decision.-[N Jour. of Com.