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be so regulated as to produce a just competi


ton without excluding foreign fabrics from


our market: this done. no diminution in the


demand for the staple of the South can result


So far as such competition would swell the


amount Of cotton fabrics manufactured and
! sold in the United States, it might lesson the


demand for the raw material abroad but the


vacuum thus created would at once be filled
| by the increased demand in the United States.
The foreign demand, if diminished at ALL


would be diminished in the precise ratio oi


the reduced demand in the United States for


foreign fabrics 1t would augur we'll for


our country and our Union, to witness. the


transfer, at least in part, of the demand for


the cotton of the South from a foreign to
home demand.


So Ear as the pecuniary interests of the


South are involved, it is sufficient that the de-


.nand exists, j: matters not so much whence
it springs. She can however see, present


and in the distance, as the writer believes,


many and important advantages to our COM


mon country resulting from an increased


and still increasing consumption and demand


at home. Ifthe regulation of trade, so as to


keep the balance in our favor, thereby add


ing to instead of annually abstractiug from
our already inadequate circulation the mil


lions now required to pay our foreign debt


Were this the~only advantage, land there
are many others,) it would be advantage
enough TO justify sacrifices, if indeed sacrifi
ces were required, in order to justify con-
tinuance of the policy. No diminution in
the demand for the staple of the South result
ing from the tariff, it is difficult to perceive
how there can be permanent reduction In
the price. Suppose, however, the tariff in
its results should reduce the price OF cotton,
The producer will be amply compensated for
The injury which he would otherwise sus-
ain, in proportionate REDUCTION IN the price
Of every commodity consumed by him.
Such is the demand for The staple, arising
rom the many purposes whichit is made, at
present, to sabserve, and the thousands of la
,orers, particularly in the old world. who, |
'ut for employment thereby furnished. would
# necessity drag out life of idleness,
yretchedness and want, that it may be re- |
-arded as the barometer by which every 9TH
II commodity must be measured. The |
ompet ton induced could not fail to reduce |
he price of every article involved in such |
The protection afforded the
omestic manufacturer would greatly in
rease his manufacturing facilities, and ena-
lie him to sell at reduced prices and his in
crest prompted by the competition. would te
efficient TO insure such reduction


Permit me here to inquire, sir, why it is
nat any portion of the citizens of the United
tates should for moment think Of aban
oning the tariff. or so reducing its duties as
, defeat its object2 This isbut closing our
yes to the light of experience, and the ex
mple furnished in the policy of the other
Heightened nations of the earth. 1t is thei-
olIcy to foster the industry of their citizens,
y affording them profitable employment;
y monopolizing, as far as possible. the trade
other nations, and reducing them TO a state
{ dependence upon them for the products of
leir labor. Shall we contribute our aid in
ne withdrawal of employment from the citi-
ems OF our government especially those
Tho are dependent upon their daily labor
,r the support of their families and the edu-
alton OF their sons and daughters and con- {
sr the same upon the citizens of other ma
ons, thereby subjecting ourselves to state
dependence upon them for the necessaries
nd comforts of life2 The rejecting mind |
sbeLs at such an idea. '


A well regulated tariff in the United
tates, as the writer believes. is a sound and
measure of policy. The fuc- |
Iation in public opinion upon this subject. c
nd the consequent instability in the action
the government in reference thereto, have
a great measure, thwarted its object, and r
eprived US of many ofthe advantages which i
ould otherwise have resulted. Let capi- {


lists be assured that the policy will be firm
and steadily pursued by the government !,
nd manufactures will spring up as by