Essays Designed to Elucidate the Science of Political Economy, While Serving to Explain and Defend the Policy of Protection to Home Industry, as a System of National Coöperation for the Elevation of LaborPorter & Coates, 1869 - 384 pages |
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Common terms and phrases
abroad acres ad valorem advantage afford Agriculture American amount annual annum average Bar Iron Beet Sugar benefit Britain British Cambreleng capital cents per pound cents per square cheap cheaper cloth commerce competition consumers Coöperation cost currency Debt dollars earn employed England Europe export fact factories farmers favor follows foreign France Free Trade Free-Traders gold Government Henry Clay Hezekiah Niles hundred immigration improvement increase industry interest kilogrammes Laboring Class land less machinery mainly manufactures ment Millions National natural nearly payment Pig Iron ports production profit prosperity Protection railroad realized recompense reduced rendered revenue rivals Rochdale Salisbury Mills secure sell Sheep Husbandry ship-building ships soil square yard staples sumer supply Tariff of 1824 taxation thereby thousand tion tons Treasury twenty valorem wages Walter Forward Wares and Fabrics wealth whereof Wool Woollens York
Popular passages
Page 109 - The question, therefore, now comes forward ; to what other objects shall these surpluses be appropriated, and the whole surplus of impost, after the entire discharge of the public debt, and during those intervals when the purposes of war shall not call for them ? Shall we suppress the impost and give that advantage to foreign over domestic manufactures...
Page 110 - The suspension of our foreign commerce, produced by the injustice of the belligerent powers, and the consequent losses and sacrifices of our citizens, are subjects of just concern. The situation into which we have thus been forced, has impelled us to apply a portion of our industry and capital to internal manufactures and improvements. The extent of this conversion is daily increasing, and little doubt remains that the establishments formed and forming will, under the auspices of cheaper materials...
Page 108 - Congress have repeatedly, and not without success, directed their attention to the encouragement of manufactures. The object is of too much consequence not to insure a continuance of their efforts in every way which shall appear eligible.
Page 126 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to the society.
Page 244 - For ever and for ever when I move. How dull it is to pause, to make an end, To rust unburnish'd, not to shine in use! As tho
Page 145 - Whereas it is necessary for the support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares, and merchandises imported: Be it enacted, etc.
Page 92 - ... successful for any length of time, the great accumulations of capital could no longer be made which enable a few of the most wealthy capitalists to overwhelm all foreign competition in times of great depression, and thus to clear the way for the whole trade to step in when prices revive, and to carry on a great business before foreign capital can again accumulate to such an extent as to be able to establish a Competition in prices with any chance of success.
Page 20 - I have great faith in hard work. The material world does much for the mind by its beauty and order ; but it does more for our minds by the pains it inflicts — by its obstinate resistance, which nothing but patient toil can overcome — by its vast forces, which nothing but unremitting skill and effort can turn to our use— by its perils, which demand continual vigilance — and by its tendencies to decay. I believe that difficulties are more important to the human mind than what we call assistances....
Page 33 - In short, sir, we have been too long subject to the policy of British merchants. It is time that we should become a little more Americanized; and instead of feeding the paupers and laborers of England feed our own, or else in a short time by continuing our present policy we shall all be rendered paupers ourselves.
Page 109 - To cultivate peace and maintain commerce and navigation in all their lawful enterprises ; to foster our fisheries as nurseries of navigation and for the nurture of man, and protect the manufactures adapted to our circumstances...