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amounted to the value of more than sixty million dollars。 As in the



days of the War of Independence; and as a necessary consequence of



the increase in manufacturing power; there occurred a rapid rise in



all prices; not only of produce and in wages; but also of landed



property; and hence universal prosperity amongst landowners;



labourers; and all engaged in internal trade。



    After the peace of Ghent; Congress; warned by the experience of



1786; decreed that for the first year the previous duties should be



doubled; and during this period the country continued to prosper。



Coerced; however; by powerful private interests which were opposed



to those of the manufacturers; and persuaded by the arguments of



theorists; it resolved in the year 1816 to make a considerable



reduction in the import duties; whereupon the same effects of



external competition reappeared which had been experienced from



1786 to 1789; viz。 ruin of manufactories; unsaleability of produce;



fall in the value of property and general calamity among



landowners。 After the country had for a second time enjoyed in war



time the blessings of peace; it suffered; for a second time;



greater evils through peace than the most devastating war could



have brought upon it。 It was only in the year 1824; after the



effects of the English corn laws had been made manifest to the full



extent of their unwise tendency thus compelling the agricultural



interest of the central; northern; and western states to make



common cause with the manufacturing interest; that a somewhat



higher tariff was passed in Congress; which; however; as Mr



Huskisson immediately brought forward counteracting measures with



the view of paralysing the effects of this tariff on English



competition; soon proved insufficient; and had to be supplemented



by the tariff of 1828; carried through Congress after a violent



struggle。



    Recently published official statistics(1*) of Massachusetts



give a tolerable idea of the start taken by the manufactures of the



United States; especially in the central and northern states of the



Union; in consequence of the protective system; and in spite of the



subsequent modification of the tariff of 1828。 In the year 1837;



there were in this State (Massachusetts) 282 cotton mills and



565;031 spindles in operation; employing 4;997 male and 14;757



female hands; 37;275;917 pounds of cotton were worked up; and



126;000;000 yards of textile fabrics manufactured; of the value of



13;056;659 dollars; produced by a capital of 14;369;719 dollars。



    In the woollen manufacture there were 192 mills; 501 machines;



and 3;612 male and 3;485 female operatives employed; who worked up



10;858;988 pounds of wool; and produced 11;313;426 yards of cloth;



of the value of 10;399;807 dollars on a working capital of



5;770;750 dollars。



    16;689;877 pairs of shoes and boots were manufactured (large



quantities of shoes being exported to the western states); to the



value of 14;642;520 dollars。



    The other branches of manufacture stood in relative proportion



to the above。



    The combined value of the manufactures of the State (deducting



shipbuilding) amounted to over 86 million dollars; with a working



capital of about 60 million dollars。



    The number of operatives (men) was 117;352; and the total



number of inhabitants of the State (in 1837) was 701;331。



    Misery; brutality; and crime are unknown among the



manufacturing population here。 On the contrary; among the numerous



male and female factory workers the strictest morality;



cleanliness; and neatness in dress; exist; libraries are



established to furnish them with useful and instructive books; the



work is not exhausting; the food nourishing and good。 Most of the



women save a dowry for themselves。(2*)



    This last is evidently the effect of the cheap prices of the



common necessaries of life; light taxation; and an equitable



customs tariff。 Let England repeal the restrictions on the import



of agricultural produce; decrease the existing taxes on consumption



by one…half or two…thirds; cover the loss by an income tax; and her



factory workers will be put into the same position。



    No nation has been so misconstrued and so misjudged as respects



its future destiny and its national economy as the United States of



North America; by theorists as well as by practical men。 Adam Smith



and J。 B。 Say had laid it down that the United States were; 'like



Poland;' destined for agriculture。 This comparison was not very



flattering for the union of some dozen of new; aspiring; youthful



republics; and the prospect thus held out to them for the future



not very encouraging。 The above…mentioned theorists had



demonstrated that Nature herself had singled out the people of the



United States exclusively for agriculture; so long as the richest



arable land was to be had in their country for a mere trifle。 Great



was the commendation which had been bestowed upon them for so



willingly acquiescing in Nature's ordinances; and thus supplying



theorists with a beautiful example of the splendid working of the



principle of free trade。 The school; however; soon had to



experience the mortification of losing this cogent proof of the



correctness and applicability of their theories in practice; and



had to endure the spectacle of the United States seeking their



nation's welfare in a direction exactly opposed to that of absolute



freedom of trade。



    As this youthful nation had previously been the very apple of



the eye of the schoolmen; so she now became the object of the



heaviest condemnation on the part of the theorists of every nation



in Europe。 It was said to be a proof of the slight progress of the



New World in political knowledge; that while the European nations



were striving with the most honest zeal to render universal free



trade possible; while England and France especially were actually



engaged in endeavouring to make important advances towards this



great philanthropic object; the United States of North America were



seeking to promote their national prosperity by a return to that



long…exploded mercantile system which had been clearly refuted by



theory。 A country like the United States; in which such measureless



tracts of fruitful land still remained uncultivated and where wages



ruled so high; could not utilise its material wealth and increase



of population to better purpose than in agriculture; and when this



should have reached complete development; then manufactures would



arise in the natural course of events without artificial forcing。



But by an artificial development of manufactures the United States



would injure not only the countries which had long before enjoyed



civilisation; but themselves most of all。



    With the Americans; however; sound common sense; and the



instinct of what was necessary for the nation; were more potent



than a belief in theoretical propositions。 The arguments of the



theorists were thoroughly investigated; and strong doubts



entertained of the infallibility of a doctrine which its own



disciples were not willing to put in practice。



    To the argument concerning the still uncultivated tracts of



fruitful land; it was answered that tracts of such land in the



populous; well…cultivated states of the Union which were ripe for



manufacturing industry; were as rare as in Great Britain; that the



surplus population of those states would have to migrate at great



expense to the west; in order to bring tracts of land of that



description into cultivation; thus not only 

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