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effects of these high protective duties By prevent:
ing imports, would be, 10 cause drain of specie
from abroad, as has been stated, to purchase at


home the supplies which before had been obtained
abroad This, together with the diminished capa.
city OF our foreign customers to buy, rs lust cx-
planned, would tend to cause fall in the price of
the articles exported, which would be more or
less considerable on each, according to circum.
stances Both causes combined-the falling off of
quantity and price-would proportionably dimn-
lSh the means Of those directly and indirectly en-.
gagged IN the great export business Of the coun-
try; which would be followed by another and
more powerful cause of their mpoverishment--
that they would have to give higher price
more money. ont of their diminished means,
to purchase their supplies, whether imported or
manufactured at home, than what they could have
got them for abroad. Say that the effect would
be to increase prices but 25 per cent: then they
would have TO give one dollar and twenty-five
cents, where otherwise, one dollar would have
been sufficient. The joint effects of the whole
would be the diminution of means, and coutrac-
ton OF the currency and fall of prices in the por-
ton OF the Union where the export interest is pre-
dominant, and an expansion Of the currency, and
increase OF price in that where the manufacturing
Interest is, as has been explained The conse-
quence would be, to compel the suffering interest
to resort, in the first place, to economy and cus-
tallment of expenses; and, if the system be con.
'lnued to the abandonment of pursuits that no long
er afford remunerating profits


10 be concluded meIt 2rcek)