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SedCes WnAtS lI WILL renew pNOklC C0nn0enGon e0~

 courage industry, enable labor to perform it's ap-

 pTOprate functions with certainty of afair reward

 reduce the imports below the exports, and prevent an accumulation of debt, it will, by the operation of these causes, keep the specie at home. end Es- store metallic currency or what iS equivalent tp

 it, by enabling the banks to resume withoHe danger of ruin, or great distress to those who owe thsn.

 If, however, foreigners can find . market in the United States, they will use 1t, and draw OE our coin, and prevent a return Ofspccie payments-

 The sagacity of the British manufacturer is t00 obvious to be overlooked, and ought not to De dis regarded. Having the monopoly cf the home market he does not intend to overstock it, and thus lessens prices by forcing the ovcrproductiOn r0e mainng after all the foreign orders are executed, upon that market. But he sends it here. He senae it a,p0y because he will not interfere with the market at home, which will reduce prices, and be. cause he does not wish to keep on hand liable to loss injury, and locking up much of hscapital: and he sends it here, because he can do 1t expo. ditiously, and receive returns rapidly. He acts on the principle, that SC nimble sixpenee is better than slow shilling" He makes the shipment here, orders sale at auction, and receives returns of sales in few days, with bill on London for the net proceeds. This he prefers to send eise. where, say to Brazil, which would require several months to realize the proceeds, or more remote places, which would require stI0 longer period and this, although the profits might De greateE.- And this answers question somstimes askde rather triumphantly-Wlll the bfltsh mAhWsacturef 9en& goods to be sold here at loss sa ai3

 Certainly he will, f necessary to prevent an ae. emulation in the market at home, which would reduce the price there and, consequently. 1t is for his interest to send here the balance of hs articles not wanted at home, nor ordered from abroad, al- though he may not obtain profit. Indeed it would he better for him to throw them into the sea, than that market. Hence they are sent and sold here, to the advantage of the British manufacturer, and to the great injury of our own citizens. 1 D.

 Seventh. This protection will prevent all the deleterious consequences which would result from bringing labor down to the price of foreign la- bor- These consequences would be (as has beeK said by anotherl to compel our working.men to leave the manufactory and worskop, for they could not and would not compete with the European op~ cratives The commerce and shipping dependent upon the manufactures would necessarily eease.-, The oil which they now use. estimated one third in value of the product of our whale fisheries, would not be needed. The -four which the laborcr now buys he would not purchase, for he would raise it; and the cotton for the home market would not be required; and when supplanted in the Liverpool market, by the production in India, the planter will have no market for this great and important staple of our country. .g..s, s5 8

 2. ZAis protection is to 5e afforded tg prepey adjustment ef Me taviU of duties on 3Mpovss.-- SiIt0Jle discriminating duiies are to be laid with

 view to this protection, and to secure it. If the existing laws are inadequate, they ought to bG made etiectual for this purpose. The comprcmiss act had its origin in the purcst and most pafrio.ic motives. The eminent statesman who introduced and advocated it, and whose exertions mainly con tributed to its passage, aetuated by the great principle which has regulated his conduct through long life of public scrvice-dcyotion to the best interests of his country. He believed that. with- oos;ss ws.aid be indulged, pShlic excitement in alienation aud diacord take the place cr dnion and harmony, and the whole system of protection De immediately endangered, if mol, suddenly over. thrown. Such were his opinionss and with his accustomed promptness and decision, he acted up-- on them. And by the act which he recommended and supported, he intended to accomplish, and be- lievcd he had accomplished, the great objects which he deemed 50 important. viz: the rsstora- ton of peace and harmony to all sections of the Union, and at the same time the maintenance both in theory and practice. of the great doctrine declaring that if it should be ound there. after, that some articles should need furthes pro. lection than was given by the tt1nTicald be ex- tended to them in spirit of has slSny and compro- mise. At that time was mS@sbeI of the House of Representatives. ], with others, enteftained different opinion from the friends of the compr0- mise act, in relation to the policy Of that act We voted against it. We believed that it would fail to give ali that protection which the bests interests of the whole Union demanded; and that when the period should arrive at which it would go into 1un operation, some most important branches Of indus try would materially suffer, and others be entirely prostrated. We did not feel willing 90 to vote, as afterwards to ask of those who differed from us aa matter fcourtesy, favor or compromise, that which we deemed due to the national welfare and pros- perty Such were our opinions, honestly enter.

 ained as to the eventual operation of the act upon

 portion of the labor and industry of the country. And we indulged in no serious apprehensione os danger to the integrity and harmony of the Unions from the then existing feeling in some portions oI it. We believed that the excitement would pass

 away, and that the descendants of those who een~ trbuted to the establishment of olr national mse-

 pendence, and who were among the first se essee into that compact which constitutes owy national Union, would not he the first to violate t. Aet9. ated by these considerations we need sI honosao!e means to prevent the passage of the act. We fasi- ed. If was passed and became law, and we have ever since obeycd it. But consider its Psevw- ions open to repeal or alteration.

 have thought it due to the occasion, due to myself in explanation of my vote against ehas ace n

 1883, due to the feelings and wishes of my cOnsIs@ uents, that should, in this public manner, ans nounce my determination to vote for ssuch . tas1n Of duties as will accomplish the great purpose have indicated. although it should interfere with the act referred to. No principle Of plghtsd taiea

 no agreement by way of compromise no s!ipuia- ton, express or implied, iDPsseseB me the duty to adhere to the principles of shat set, m es epera- tion think it will prove injurious to the inssress of the country. shall endeayog tc carry into fulh effect the principle contained in the resolution a. dopted by the Legislature of my own Common- wealth, at its sessos n May last, "thst bOth jus- tice and sound policy, do now require that the re- venues necessary to the United Stases be deFiye0 from discriminating duties. levied on such foreign commodities as do and shall come Inse eompeuucN

 with similar commodities whose manuiheture oB production has been thus introduced and esfaDlisA-

 d ;y or eo,,ntry So far as shall be needlu Co their