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n n r T T 5DIT0R AND PROPRIETOB. TERMS OF EIGIITII VOLUME. Vitl'f inbpcrlbers, ....... 2.00 Mjil fobtcriber, . . . . 2,00 J diriduals and Compniei wlio take at the office cl75or 1'50 cenu ifp-iid !d six monlhs. Thofe bo uke or Potridcr . . .2,00 jnot paid at Ibeend ofthe jear 2, 25 Ifo p-ipra discoiitioiwd until arrearago are pa!d escepl atlbe option ofthe proprielor. No pajmect i, Orricre allowed except srdcred bj ths proprie- ,0ll communicationsmastbe addrened to tlieed itor Tost Pao. AGRICULTURAL. SUGGESTIONSTO THE WOOL GROWERS. Samwel Lawrenco. Esq., of Lowell, in n lotter writfen in Fcbruary last, and pub. j;shed io the Cullivator, says : Ve paid for full blood Montarco wool in Julv last, 41 conts; the flceecs avera. gcd 31-4 Ibs.. and lost by ecouring, 44 per ccnt. We bought no full blood Pau ler wool. Qucry 3d. "Have you any reason to supposo that Saxon Sheep aregoingout ofreputo?" I am wcllarquaintcd wilh a great man y owners ofSaxony flocks, and in no jnctanco do I know that a change is con templated ; on tho contrary, evory thing is doin,T to m:ke the wool fjner. I bc Uvo tliat by proper caro in crossing, the Icn"th of staple may be increased without aficctiog its fineness. This is a desidcr ntum of grcat importance to brecders.and khould reccivc their serious considera tions. A few ycars ago it was thought bv manufacturcrs that vcry short slapled tt'ool rnly would make fino goods. Nnw the quality of the stnplo is loukcd at with out rcgard to its length. I beg you to ivc this matter your best atlention ; for if 5 to 10 ouncesof wool can beadded to cvcry fleece in tho country, it will place both growers of wool and manufacturcrs on such n basis, that no foreign compcti tion could louch thcm. Tho Saxon Sheep wcro carried from Spain and improved in Germany. Why can't the Merinos be brought up to the tame hcight in this country 1 We have stapledsome Americr.n wcols of gteat bcauty, and fincr than any Spanish wools that ever wcro importcd into this coun try. The best blood of Saxony sheep is in very higli reputo in Europo. It is but three ycars ago that six hundred dollars cach were paid in Germany for a large numbcr to bo carried to Kussia. I have kpecimens of the wool. Is therc any reason why we cannot do as well by star- ling with the right blood 7 As to encouragcment to tho wool grow ers, in niy opimon, their prospecfs wcre nuvcr as gocd ; and among other rcasons, ofo flrst : a maiotity ofthe people are coming square up to tho mark in favor of a "protectivc 1 arifl, and the wool grow ers have learnt that this kind of Tariff is quito as useful to them wilh their thrce hundred millinns in sheep farms, sheep, 4-c , as it is tu the woolen manufacturcrs with their 20 milliuns, in mills.machinery, &c- Second. There is infinilely more skill employed in the working of wools, and more tnlcnt nnd character in the gcneral managementof tho woofon buaucssthan at any former period. Third. A numbcr of new branchcs have Iately bccn undertakcn with cntiru success. The making of mouslin de laincs has heen commcnced also undcr tho moit favornWe auspices ; and last, tho' not least, tho horde of "drab gailercd gcntry" from Yorkshire,f which infcs ted tho city of New York for eo many ycars, has been broken up and driven from our shorcs. "Tho advance in tho prices of all kinds ofwool will bo fully sustained." Tho article has bocn dcpressed below its value, all over the world for three 3-cars past ; but it is now turncd, and a consid erable advance has taken place in Europc the next German fairs will show more animation in the dcmand than has been 6ccii (or a lonjj. lime. A corrcspondcnt of the Cullivator says that Iie has travelled cxtensively in 2-i Stalcs of the Union, and hc has no whcre seen sheep that produces as niuch wool of the same quality, with tho samo cxpense oi kccping. as some flocks in Vermont A distingnishcd variety of Merino. t Smugglers. AMERICAN SHAWLS WESTERN WOOL. Hcre is another new braucli of American mamifacture, and a further cxtension ofthe consumption ofwool. The Whht Tariff is tnily working wonders; far exceeding the immediate expcctationsofitswarmestrnends. It has bcen in operation but about eighteen months, and three new branches of ivoolen busiriess already commcnced on an extensive tcale, viz: Five establishments for De Lains, Three " for Blankets, Two " for Shawls. The two former, we have heretofore notic- td particularly. The latter have just cot un der way, at Andover, Mass., and in Pennsyl vania ; and their shatvls are now in the eas- tern markets. These new branches of industry, of which wool is used wholly in their manufacture, will add at lcast one-third to the present immeuse consumption ofthe raw material. It cannot but checr the farmers ofthe West; who, for the last few years, have found it djfBr.uIt to get rcmuncratiDg pnces tor their wool. The extent to which sheep raising has been gone into on the broad prairies, is almost in calcuhble. A faint idea however, may be gleaned from the increase of Wsstern wool, arrivingin the east, in 1843, over that ofthe previous year, -which is as follows : Shipped east from Pittsburgh over that of 1842, 1,250,000 lbs. Received at Albany & Troy, OTer that of 1S42. 3,112,000 lbs. Total increase in 1843, 4,362,000 lbs. Roeh Dem. Feoo Soup. y A now era in the sci ence of gastronomy, says a New York paper, has arrived. Froj soup is now served up at varioas tonnish eating hous et, and is eagerly devoured by thoss who 1& VOL. VIII. fancy themselves epicures. 'Some of them eat so hcartilv that. unablo to walk. tbey hop to bed. These are wonderful times, and there is no imaginiDg lownat perfection every science will soon ba brought. 3IISCELLANE0US. It was the festa of the Acnunciation. Hearing that the Pope would go in state from the Vatican to the church of Sauta Maria Sopra Minerva, a rare occurrence, we deter mincd to witness the sccne. As the Vatican joins St. Peter's and ncarly all the great ccr- emomes of the church in which the ropc takes a part, are performed in that immense Cathedral, it is seldnra that he bas occasion to use his State Church. As we approached the strcet where the church of Santa Maria is situaled, thc immccsc crowd, the gorgeous equipages, and the soldiers stationed evetv where, (for the Pope does not belong to the j Pcace Society,) cavc notice that his holincss was within. Wc gained an entrance to tho j church, wbich was decorated with hangings ! of crimson and gold, and found that the scr vice of Iligh iMass was going on, at which me i-opo presiueu. ah i could see oi this august personage was a mass of white satin, and a nose like the tower ofDamascus. On a nearer scrutiny I found that the robes of satin were richly cmbroidcred with gold. and tnc initre anu tront ot the drcss glistencu with gems. The (Jardinals acted as his aids, ta king olfand putting on his mitre and gloves, which is repcated as often as the Gloria Patri occurs in tho mass. A little white cap cover ed his shoru hcad or what anti-papists call "the mark ot the ueast." Two files of Swiss cuards extcnded the whole length of the chapcl. Their dress, which was a faucy of Micliael Angclo, is re markable. It eonsists of stripcs of prati-col-ored clotbjoined together, likeso many ra'm bows, blaek hats decorated with rcd worsted plumcs, a wtde white ruflle atound the ncck, and thcy hold long pikes or spears in their hands. Mass being ended, these soldiers former a semi-circle from a higli altar to a side chapel, Iroin which a procession of nuns robcd in tvhite, with veils brought across the mouth, the rest of thc face being exposcd. Thcy had crowns of flowers and tinsel on their heads, and each held a lighted tapcr. Like ghosts they glided slowly along the church to the Pope, before whom thcy kuclt, and kissed lus loot. Iie gave to cach a purse contam iug adowry of thirty piastres and thcy thcn returned to thc chapel whence thcy came. Iho l'ope was now liftcd into his cnm son vclvet chair, which is richly gildcd, and has thc arm, thc mitrc and keys em- broidercd in gold on tho back. Two largc fans of ostrich feathcrs, with the oy es of peacock's fcathors on the end of cach. and tcn lcet long, were placed like a covcring over his hcad, and hc was bnrno by twelve men in liverics of crimson embosscd clvct, through the church, blessing tho pcople, and devoutly closing hiseycs whilc making the sign of tho cross. Theimniciisc crowd closcd in,and as we happencd to bc in thc tidc, it was with thc utmost cxcrtion we succccdcd in gctting back into thc church. Thc nuns were in a side chapel laughing and talk ing whilc the scrvice was going on at mostof thesmallier altars. We left by another door, and diiving with all hastc arrived at a largc open court, whcre thc procession was to pass, The bclls of thc city wcre all ringing, and there was a continual roar of cannon. A military band pa3sed by, playing as loud as they possibly could, then an officer on horse back, with his hcad uncovercd then a body of cavalry, and another band, foll owcd by the guards nobilia, or Pope guard, composed cntiroly of nobles, Next cnmc a horseman in red embossed vclvet with his head uncovercd, hearing thc in signia of Rcligion. Suddenly, every hat in tho assembly disappcarcd. Plumcs were scon nodding on the hcads of six supcrb black horses with scarlet and Irappings, guidcd by two postilions also in rcd vclvet livcries. These drew the stage coach. It was of pondcr- ous dimensions, and cntirely gildcd. whecl bod' nnd all except the top, which vas covered with a scarlet vclvet tho mttro and keys wcro on the back in bold relief. Insidc, reclining in the chair in which hc was borne from the church wrapped in a scarlet cloakand broad bnmmed hat, sat tho self-stylcd representative ofthe Prince of Peace on carth. JHo raised his two flngers, on ono of which sparkled a su pcrb diamond ring, and inadc thc sign of the cross, blcssmg the crowd, as thc coach movcd flowly along. Two cardinals in purple sat opposite to him. Next came the sfajje coaches ofthe cardinals.no Icss gorgeous than the Pope's cxccpt that in thcirs thc scarlet prcdomin- ated over the gold. Many had four and six horses, and cight and twelvc servants in sumptuoug liverics. Ihen followed tho eqmpagcs less gaudy and more beauti ful. Some of them had the most exnuis- ite miniaturc paintings and onameled pic- tures on their sides. 1 he music, ringing of bclls nnd din of cannon continued till Pope returned to the Vatican. The ex queen of Sardinia, in her carriage, with red and silver liveries, and Many other grandees wcre seen driving about the strects aftcr thc procession had dispcrs persed. The Pope had bcen pleased (o appoint thc afternoon tor our presentation, which was communicalcd to us by tho Consul. As a Iadv was of the party. the ctiquettc of dress was not as strict, as tbc Pope is totally lnditferent (o the fair sex. i be gentlcmen were told to wear black snits and no cloves, as thev are not permilted in the presence ofhis Holincss, and I as darka dress as possible, and a black veil over my head. The immense size of the Vatican and St Peter's (which are 70,000 feet in cir- curaference, covcring thirteen acres) is MIDDLEBURY, reaiizcd in driving through its labyrinth of courts and passages, as wo did before ahghting. TFe then ascended long ilights of stone steps, and walked through thc galleries of sculpturc, as the reception. room was adjoining the library. We wcre first shown into the antc-room hung with grim portraits of different ghostly per sonages conncctcd with thc library in for mcr times groen curtains were hung in stead of doors, and in the middle ofthe floor was a green carpct, bordercd by barc bricks gilded chairs with crimson cush ions wcro rangcd against the wall. Aftcr awhileayoung Itatian pricst in along purple robe drew asido tho curtain, and in the softcstand most mellifluous Italian informed us that the Pope was on his way through the galleries. Like all "great bodies" he moved slowly, and aftcr a con si&tcnt timc, the same smooth, silvcry tonguc announced that the Bcatissimo Padre was rcady. As we entercd his presence hc was quite loud in his wclcomc of'AII Hailto the United States V" Wo bowcd and curtcsied as we approached, and formcd a small circlo around him, as he stood in front of a writing table. The Consul thcn gave him our bistorics, and finding thatone gcntleman wasan ofiiccr he inquircd nbout thc piobabilities of war bctwccn Great Rritain and the United Statcs, and the McLcod affair, and ex- pressed his own views on tho subjcct, in which I saw he was well acquaintcd with the inlcrcsts of the Statcs. 'We shall have your Holincss on our side if wc have war, shall we not V askcd the Consul ; to which he rnplied, I will not scnd niy fieet against you.' As he had none, bo seemcd to tlnnk he had said sometbing very fun nv; and laughed heartily. He then askcd the numbcr of Chairs in the collego of which one of our party was the Prcsidcnt, and recollectcd one of the Professors who had been prescntcd io him whcn in Ilome. v As I had hcard ho never even looJccdlmp lady, I determiued to iinprovo tbc time in a scrutiny ofhis pcrson. On dit that the old genUeman is an excellent judge of Tf ines, ccc. He came to rcceire us immediately after din ner, which was at tbe Yankce hour of half past one it was Lcnt and we could rjotiudjre if it was a slander, but altbough he may have signed " the former pledgc," I should think he was by no means a tcctotaller, aud yet Fatlier Mathew must hare his sanction. He is over seventy years of aee, has a short. thick figure, quite stout, and said to be gouty. lle wore red morocco sbocs tied with gold cord and tassals, and a star embroidered in gold, which 13 kissed by all devout Catholics, wno prostratc themselves berore him vf hen presented. Hisgownwasof white cassimerc. buttoned vcry closelv down to the feet, a small cape, cuffs, and little wings on thc siceves, were lined with white silk. llis cra vat, skull cap, and wrislbands wcre extrcmely soilcd, and he carried a large hroxcn pocket hanilkerchief. llis hands aristocratically small, aud a large diamond ring sparkled on thc second (ingcr, aud if Popes have any van ity, I should say he pnsscssed a dcgrce in its display. He took from his pocket a snulT box, and filling his capacious nose with the contents, what was my surpriie to have him tutn his gray cyes upon me with a most bc nignant glancc which caught me iu a broad stare, and asked liow long I had been in Romc. This question auswcrcd, he inquir cd, among other things, how I liked thc city, if I had seen "the stately going" from Santa Maria, if I wcre going to remain to La Scmi ana Santa, (Holy Wcck,) and hopcdl would have a fine timc for it, that I might receive "the Pontificial Rlessing." After wc had been an hour in his presence, he bowed nnd said "Salutatora I'roicssora," and we curtsied and bowed out of the room backwards. A long line of purpie-robed at tendantswerc in waiting, one with his scarlet hat and cloak, rcady to tranport him back to his apartments. We all agrced he was a pleasnt and affablc old gentlcman, and by his urbanity rcmoved all stiffuess and cmbarrassment from the au diencc. We returned to our hotel well pleas ed with our visit to Pope Grcgory Sixtecnth Pontifex Maximus. 1841. For the yEgis. " I must go into the Presidential chair tho INFLEXIBLE and UNCOMPROM ISING OPPONENT of any ATTEMPT on thc part of Congrcss to ABOLISII SLAVERY in the DISTRICT of CO LUMBIA, against the wishos of the slavo holding States. No bill conflic tingwith these views, can EVERjcccive my Constitutional sanction." MARTIN VAN BUREN, Inaugural Address, March 4, 1838. Lovcrs of Constitutional freedom ! mark , this unparallelcd political debascment! M all the people ot tho iJistnct ot Columbia themselves, (bcsides a mnjority of the States represented in Congrcss) should de. sire the removal of this cursing shame from the hcart of the nation, yet this Ne w York specimcn of Democracy, (J) Martin Van Buren, would by his vole, forcc the foul systcm upon them against their own wishes,to gratify a few "Southern States!" A wretched and unholy perversion this of our glorious Constitution. Whcn the Con stitution of the State of Keutucky was framcd, Mr Clay used tho utmost exer tions to make it a free State. The foll owing cxtract shows tho dccided senti ment of tho great statesman on tho sub ject of slavcry. At a colonization meet ing in Kentucky, (1836,) Hcnry Clay sai d : National 2gis. "Recently, a new school bas sprung up; one which maintains that slavery is a blessing ; that it is an indispensible ele ment for the preservation of our own free dom ! Of this school I take. the libcrty to say. I am kot ose. Thero are two ex trcmes of opinion on this subject, in neith er of wbich do I concur. The flrst is that of those who regard Slavery as no evil but a good. I consider slavery as a ctjbse a curse to tho masfer ; a weong. a griev. ious weong to the slave. In the abstract it is aix wrono, and no possible contigen cy can nake it right. It is condomned by VT. WEDNESDAY, MAY all our notions of natural justice. and our maxims of natural political cquality among men." British Free Traie. To give our readers and idea of what England vractkally means by her notions of Free Trade, we acnex a few items from her retised tariff of 1843. She talks and theorises a great deal about the beau ti es and eflicacies of the thing calledJVee Trade, but when she cbmes to act she always manages to haverall its benefits on her own side ; and all must admit that the Free Trade which benefits one ofthe parties engaged in it, and injures thc other. is not the thing it is cracked up for, as it Iacks that active spirit of reciprocity, which alone could makeit mutu ally advantageous. Tho Free Trade oflered to us by England, then, in her revised tariff, is on the articles named below, as follows : On Salt Beef 59 per cent. Bacon 109 per cent. . Butter 70 per cent. Indian Corn, 30 per cent. average. Flour30 per cent average. Rosin 76 per cent. Sperm Oil 33 per cent. Sperm Candles 33 per cent. Unmanufacturcd Tobacco, 1,000 per cent. Manufactured Tobacco, 1,200 per cent. Salted Pork 33 per cent. Soap 200 per cent. Spirits from Grain 500 per cent. Spirits from Molasses 1,G00 per cent. Thc above is a fair view ofthe Free Trade tr e are to expeet at the hands of England; and we would ask every true hearted American, whethcr we would be justifiable in depriving our farmers, mechanics, manufacturers, and taborers of the protcction affordtd by our Ta riff, for sucb a boon as this! American Whig. The Wolf asd tiie Doctob. The Columbia (Pcca) Enquircr rclatcs that while Dr T A H Thoraton, of Luzcrnc county, was on his relurn from ajirofoss. ional visit on tho cvening ofthe 14th, hc becamo bcnighted,lost himself in a stvamp, and in cndeavoring to find his way out, cncountered a hugo wolf. Rctreat was out ofthe question, but by Ioosening one of hisriding lcggings, and infusing it with spirits of hartshorn, keeping himatbay, walking backward all night ! At day brcak, the wolfdisappeared. Thc doctor, in a state of utter cxaustion, finally suc ceedcd in reaching a habitation, at 4 o'. clock in thc afternoon, when hc told his story and faintcd away. THE CAUSEIN THE SOUTH. The following Ietter, received by a gcn tleman of this city.spcaks the same chcer ing Ianguage wo hear from all quarters of tho Union. Tho Globe and its clique of Hycnas and Jackalls, Blair, Kondall, Wcntworth, Wellcr, Kcnnedy, Henley. "Tray, Blanchc, Sweelhcart, 'Little dogs and all," may bark and snap at Mr Clay as much as they pleaso, the pcople will flock to him, and look to him to savo and restoro tho honor, dignity.and prosperity ofthe coun try. Hc is their favoritc, and all thc ycU ping ofthe Globe pack at his hecls will only cause tho people to adhcre to him the more firmly : Wii,misgto?i, (N. C.) March 28, 1844. My Dear Sir : Coopcd up as you aro in Washington you cannot form a cor rect notion by the newspapcrs of thc won. derful cnthusiasm that is abroad almost overy village has its Clay Club, and mul titudes are flocking to the Whigstandard in every section ofthe country south of Mason & Dixon's line. I travelled with a gentlcman who has recently bcen pass ing some days in and about Lynchburg. Va., He says nothing is more common than for farmers and planters to ofTer their crops of Tobacco and Wheat, to be paid on the election of Mr Clay if he lives. Hc related sevcral instancies of such oflers while ho was present. To- S, coming down into the cars, one of passengers proposcd an election of Presideut by the company, twentyofus, on counting, thc vote stood 14 for Clay and 6 for Calhoun, but not a solatary voto for "little Matly!" and what is most strangc, nearlyall of them were from Ala. bama and Georgia. I bogin to think Bear, the blncksmith, is not much out of his calculations. Ho dcclared at the Whig Club Houso at Richmond that, should tbe question hing'e betwecn Clay at d Van Buren, that Clay would have Al abama. When ho madc it, I thought hc was wild, but I hear of such marvelous doing in that part of the country, that I am induced to acquicsce in the part ofthe Blacksmith's statement. With itfrCal houn out of the question, I should not have much doubt ofthe issue. BEAUTIES OF THE LOCOFOCO TARIFF. MANUFACTORIES OF FLANNEL. Under the full protection of the Whig Tariff, there is a large number of small factorics of flanncls, spread all over New F.nrrland. which have been doine a band- some business in working up the wool of tbe neighbonng tarmers. upon inese the L,ocoIoco iaritJ, it if ever passes, would fall with very great severtty, giving n etah nlin to thn wool.erowers and labor- borers, as it reduces the present duty -a r f more tnan onenair l we qume lTOin me locofoco bill : "On flannels, of whatever maferials composed, except cotton, and on bockings nnrl hn,7o ttipm ahnll be levied a daty of thirty per centum ad ralorem, instead of the duty of 14 cents per square yai-a. Tho present whig duty is per yard 14 cents. The average cost of foreign flannel of like quality of ours will not ex ceed 20 ccnts a yard, of which the locofoco duty of 30 per ccnturn is 6 Rednction 8 1, 1844. IFhat think you, flannel makers ? is this tho protcction you ask? Wool.growers, think : can these flan nel makers afford to pay you as much for your wool with 6 cts. protection per yard as they can with 14 cents ? Jour oymcn flanncl-makers and spinners : can your cmployment pay y)u as great wags wilh G ccnts protection aa with 14 1 I.ot common sense answer,' if you will, and it will concur with us in the dec laration that this Locofoco Tariff will prostrate domcslic manufactures, lessen the price of wool, and rcduce tho wages of labcr. IIONS. S. PHELPS' SPEECH, ON THE TARIFF. Concluded. Mr. President, it is with no small degree of surprise that I have listened to ths re marks of honorable Senators on the other side of this Chunibcr, advocating upon this subject Britisb doctriues. Senators are rea dy to beard tbe licu in defeuee of Maine, or Oregon; but upon this question, growin out of the only particular in which the interests ofthe two nations can scriously comcin con flict, (our great commercial riraliy,) they are repared to adopt thcories manufactured in uglacd, like her other fabrics, for the Amer ican market thcories for our adoption and guidance, but wbich she never puts in prac tice. More cspecially, that tho Scnator from New Hampshirc sboiild be found advocating doctrines so much at variancc with the prac tical economy ol the pcople hc re'presents. The people of New Hampshire, have preser vcd more of the early habits of the scttlers of New England than any other portion of our people, and thcy exhibit to the eyc ofthe traveller more dccided proofs of competcnce and comfort, considenng their advantages, than any people that I know of upon earth. They are an indiistrious and economical pco ple, who make the most of their resourccs, and practice tne very economy which the friends of the protectivc policy advocatc; yet strange as it may seem, their voice as express- ed here, is umtormiy heard protcstmg against the doctrines wbich thcy have everso steadi ly adhered to at home. They will adhcre to tnem. The Senator cannot dissuade them. He may talk of the tax imposed upon the ar ticle or sugar, but will he pcrsuade thcm to abandon the manufacture of the article from their forests, and look abroad for what their own industry willsupply at home? Mr. President, the protective policy ibas been the policy of this people, and it ever must be. JJeuounce it as you wm ncap up on it every term of reproach; .exhaust upon itthe whole abusive vocabulary of the Eng lish Ianguage, more copious, as it is, than that of any living Ianguage, yet it cannot be shaken. It is interwoven with all your inter ests, and lies at the bottom of your prosperi ty. Sir. I venture the prediction that tbe distioguished individual who has been styled (not vcry justly, as I think) the father of the systcm, butwbo may bejustly denominated its ablest and most efficicnt advocate, will yct live to see his cpinion prcvail, and his policy the apptoved, received, and adoptcd policy of his country. Sir, what has beeu our cxpcri cnce on this subjcct. Thc protective policy bcganwith the UoTcmment it was persever ed in from that period down to 1833. The "bill of abominations" of 1824, and the "damnable andaccursed taritTof 1823" wcre enactcd; and what were their fruits? Uni vcrsal prosperity. From one end to thc oth er or your widcly extcnded empirc, in all its variety ofpursuit, prosperity, public andpri vate. cotnpetencc, thrift, comfort, happiness, prcvailcd to an extent as yet unknown, and uncquallcd in the history of this people or of any people upon carth. The produce ofthe soil found a ready market labor, in all its walks, mct a coinpctcut and full reward. An immense public debt was cxtingubhed, and your Treasury was ovcrflowing. We had pursucd the policy which common sense and the common judgmcnt of the world an- provcd, which England herself has long prac- . , i . I . f Ty -. 1 ticed, anu wmcn mc naiions oi urope,wuu scarcely anexception, are atthis momentim- itating. But in this state of uncxampled na tional prosperity, wncn your resources were rapidly called into action, your production, and your wealth were increasing, a new Iight suddenlv burst upon us from tbe South. A discovery was made, that the people of the North, though their energy, their enterprise, and their sagacity, had, from the period whcn these qualitics wcre eulogiscd by Edmund Burke, before tho Revolution, down to thc present day, excited the wonder and the ad miration of the wprld, yet knew nothing of the principles of political economy. Though thcy had peopled a wilderness, established an empire in the west, and cxtended their navi gation and commerce to the farthcst oceans, yet they knew nothing of the elcments of na tional prosperity. ! And how was this discovery made? Not by practical men, guided by their own souud judgment and sagacity, and aidcd by experi ence; fcut by speculating upon the tbeories of writers upon political economy men wbose theories were adapted to the condition of the old world, who ncither knew- nor thought of the policy of a new nation start ing into existence, developing its resources, founding its establishments, and maturingits policy. Sir, these laws of trade, of which we hear eo much, seem to have been regarded like the laws of nature, as immutableand irresist ible. Thcy are but tcndcncics, liable to be influenced and counteractcd in their opera tion, bya thousand accidental and contingent causes. They are never to be relied on with out acareful consideration of the peculiar condition and circumstances of the people to wbose policy they are about to be applied. These circumstances are various,. The con dition of an old people, wbose population ttnA Wb arrived at their maximum, whose resources are fnlly developed, whose rclations with all the world are fixed, is wide Iy different from that of a young people, ad rancing rapidly in the course of national pro gression, with a population not yet filled up, yet increasing in an unexampled ratio. a ter ritory not yetoccupied, and resources not yet developed, nor as yet fully discovered. Tbe ... .m nf civilization is undoubtedly agn- cultural; but in proccss of time,other objecu of industrial pursuit must be sought the people become manufacturing as well as ag ncultural. Commerce may exist to a certain tn lip. a?ricultural state, or so far as itis sustained byagricnltural production; but all experience has shown that the full com mercial capacity of a people is never fully at uined twuJ iu prodactivo industry is broujht NUMBER 52. to bear upon other resources and other modes of production. But the discovery was 'made, in defiance of all experience, that your protective policy was "a tax upon the many, for the benefit of the lew;" and in the lace ot the lact that you were at that moment the second commercial nation on the globe, and the rival of the first, that it was hostile to commerce. It was also discovered, that to regulate commerce was to letit alone; that the policy ofa nation as well as of an individual was to pay no attention to your rclativc outgo and income; that the power of laying a revenue was conferred for thc mere purpose ofdefraying yourexpensei and that it was to be exercised, not with a design to foster your industry and call iato action your resources, but without rcgard to eithcr. These opinions unfortunately pre vailed, and in an evil hour tbe cclebrated compromise act was enacted. The protec tive policy was gradually abandoned, and your protective dutiesgradually brought down to what was called iha "reveuue stacdard." By the withdrawal of your protection, thc products of foreign industry were brought into successful competion with your own, aud the country was iuuudated with foreigngoods. Eveu before the rednction was complete, the foundation of your national credit and your national prosperity was undermined. And how were these foreign commodities procur cd? Here, sir, pennit me to notice an ele ment in your national economy, which the cclebrated writers so often quoted did not coutcmplate, and which your own statesmen have too little regarded. I allude tn that univcrsal system of credit peculiar to this people, tho necessary and inevitahle consc qucnce of your rapid growth, and without which. your progress must hare bcen arrest cd. These foreign commodities were pro curcd on a credit, to be paid for, not in tbs flour, beef, pork.and other productiom ofthe agricultural portion of these States, for these England will not receive nor in the tobacco of Maryland and Virzinia, for this article is subjected by her to an euormous duty but in the only article which she receives undcr a modcrate duty, your cotton, This article. which coustitutes so great a portion of your cxporu, was the means, and almost the only means, relied on to meet your cngagements. This immense amountof importation wai re ceived, not inexchange for your own produc tions exported, but ona credit, in anticivalion of thc proceeds of your crop. And thus a chain ol indebtedncss was creatcd, beginning with the Euglish capitalist and Enelish man- ufacturer, passinj; through all the gradatiocs of trade, down to the ultimate consumer of foreign articles to the cullivator of thc toil, the laborer, by the sweat of whose brow the means of payment were to be wrouebt out. Your whole country, wilh all its resources, the labor of your hands, wcre mortgaged,and that to the very power whose selfishncss and arrogance are so often made tbe themeof dec- Iamation here that Power, great ai it is, a gainst which you Jwere threatening war, al tbough as thc evcnt proved. you had to pros- ecute that war with ncithcrmoney nor public nor private credit. In this state of things. throucb thedeprcciationof cotton in the for eign market, to which, in tbc lluctuations in the commercial world, that article is so liable or from some other cause, (it is lmmaterial what,) your expcctation were disappointed. your means of payment were cut short, your exportation was cxuausted, and tne debt was notpaid. There was but one resource lelt, tho gold and silver in the vaults ofyourbanks. Thc debt must bc paid in specie, but all the specic in thc country foil short of iu amount. io sooner was it demandcd tor exportation, than thc alarm was taken the baaks were obliged to suspend, and fortunate it is for the country they did so. Had they done other wise, you would have becn literally a bauk- rupt nation. But this step prostrated your curreucy. The gold and silver was locked in the vaults of your banks, and your paper currency had lost its vitality in thclossof con fidence. Thc business of tbc country was saspend cd, property of every dcscription was depre ciated one half, and this indebtedness which pcrvadcd every class virtually doubled. And wbcre did the shock fall in its greatest force? Upon the South upon thc cotton planter. It was necessarily, unavoidably so. If that article of production was alone relied on to meet this immense debt, the planter must be in some way rcsponsible for it. Hc must ei thcr be made the ultimate debtor, as the con sumer of tbe soods iuiported, or bis billi drawn upon thc basis cf his cotton must be procurcd. In cither event, wben the aotici pated fund failcd, the recoil fell first and hea vicst upon him. Thc Suutberu bnnks were the first to suspend and (be last to resumc many nevcrdid so. No bettcr evidcncc can behad of the condition of any portionof this people, than tbe condition of their banks. But nhat followed! No sooner had the e lastic encrgies of the country begnn to rise under the prcssurc, than a second revulsion followed. The failnre of the corn crop in England struck down again the price of your great staple, for it diverted the tapital invest ed in it to the contincnt in scarch of bread stuffs. The Bank of the United States hav ing loaned liberally to the South, wbich was largcly indebtcd to it, and knowjng that the cotton was tbe only means of reimburscmcnt became largely interested in the article. This bas been called a speculation. Call it what voupIease, it was the only means of satisfy ing the immense debt duc the institutian.and which the institution in turn owed in Europe. The experiment failed, the article was dcpre ciatcd, and the revulsion crushed that tnam moth institution, and many minor ones with it. Sir, bad you produced within yourselves a portion of the fabrics imported from abroad, the debt would not have existed, your credit would not have been pledged, your banks would not have suspended, nor your curren cy been destroyed. Had your market becn a home market, the failure of the corn crop in England would not have affected it, nor would ithave been brougbt within the direct operation of the fluetuation ot turopean commerce. The people of New England were less affected by these revulsions than any other portion of tbe country. Their banks were the most stable, and their curren cy the soundest. This was owing to the do roestic market. The circle of their opera tions was smaller and more quickly perform ed. The trade was brought nearer to the principle of exchange of commodities, less time afforded for the intervention jof contin gent causes bctween the coutraction of the debt and its paymenh and, so far as they ex changed the production of the soil for arti cles of domestic mannfacmre, tbe operation was placed altogether boyond the reeh of any fluctuatioa or embarratimenttn Europe tn afftiri.. THE NORTHERN GALAXY, M FSBLIUtEn XVCET WED3ZSDAY MOaflina' I.t STCWART'S CDItDISOS, BY J, COBB JR. st wnox all oanxss ros rRisnj HAWDBILLS, . Of every description nB be neatly 8ndT fashionably cxecuted, at short notice. . What, Mr. President, has been our expe rience since these revulsions? Nothing but cmbarrassment and pecuaiary distress until the act of 1842 inspired new confidence and gave a new impetus to tbe energies of tbor country. The departure from the protectivu policy was the cause of all the evil we have' encountered, and a return to it is your only effectual remedy. The derangement of the currency has often been assigned asthe cause of our calainities.but what deraned the cur rency? That derangement was an cffect rath- er than a cause, altbough in its turn it be came an efHcient caose in aggravaticg tlie- mislortuncs oi tbe couqtry, by snspenuing the operations of labor anj dcpreciating ils productions; by adding to the weisht sf in- dcbtedness, and thus giving additional forcc to thc original cause of all. Had not your iraports vastly exceeded your exports, r.o for eign debt would have been created, no call for specie for exportation, no pressure upon your. banking inttitutions, and of course no derangement of your currency. The State debts, too, have come in for their share ofthe obloquy. But the contracting these debts did not comtitnte the evil. It was the form idt which the loans were received in perishablc fabrics, which furnishcd no means of iepay ment, to the disparagement of your own do mestic industry. You bad to a grcat extent,. abandoned your proteetive policy, and thus- invited the intrcduction of foreigrrfahrits in stead of that which would have served as zt basis of your currency. Tbe whole cmount of State loans addrd bat little, if anv thing. to this basis; and when the day of psymenc arrived, the pressure traoscendcd the ability and tbo means of your r-onctary institutions. Here, in this abandocuicnt, was ths primary and radical crror. How thcn, is the mistake to be remedietll The rmedv is obvious: reduce your impor tations, not niercly to tho .landard of your exportition. but yon must, for the prcseut,go below it, in order that a portion cf the pro duction of your industry, the only truesource of wcalih, inay be applied to thc txi:nguish ment of your debt. Sir, I speak uilh partic ular reference to tbo cotton planter of the Souih. Give to him the advantage, eujoyed by the woolgrowr of my own State. of a do mestic market. Save him from the conse queucei of thU uuiveital indcbtcdneFs, boibr individual and national, which ter.ds, more than any thiug clse, to Uepreciata his great staple; for nothiug has a more decidcd ten dency to depresi agricultural production than a distrcssed, cmbarrassed, and nccessitous condition of the whole class of producers; and save him from these oTerwhelminc revul sions, originating in tlie foreign market.which fall with such tremenduous and peculiar force upou him. Sir, this free trade policy, thc favorite rem edy of tho Scnator from South Carolina,wilI only aggravate the evil. We have imported too much already. Tbe Senator says, extend your importations Jtill further. Yuu are in debt; he advises to contract more. You nced all your means to meet this debt; he ad vises to anticipate those means, as you have done heretofore, by free importation, w hicli shall swallow theni. up, and lcave your debt whcre itis; his policy is toadd toyourineomc by increasing your expcnditure. He advcrts to the laws of trade and thc thcories of wri ters on political economy; he insists that you can cot cxportuulessyou import; and argucs that by increasing your importation yon in crease your exportation. I am aware, sir. that commerce u but au exchange of com modities, but circumstances may, aud often do destroy thcequilibrium of foreign trade; and the nation wbich finds itself embarrasscd from that cause must uke the proper meas urcs to rcstorcit. He will find nowriterwbo lays down tbe dactriue that a nation can ex tend its cxportations indefinitely, by increas ing itaimporu; or that it isnecesaary in order to preserve your foreign trade, that you ex cecd inyour importation the amonnt of your exports or who recominends it as a matter of national economy. The Senator insists that thc South ars the exporticg portion of thc country, and thcrefore thc importers; and infers from tbis (uot very accurately in my judgment) that they are tbe principal cocsu- mcrs; anu be asks that tiiey be pcimittcd to do as tbey plcase with their cvn. To this, certainly there can be co objection. It is ex pected by the fiiends of protection that the 'commodities of other countries will be re ceived in exchange for our own productioiia exported; but we know that your exportation must bc limitcd to thc demand abroad, and we desire that your importation should be graduatedaccordingly. And bere, sir. is the answer to the objection that we detire the extinctioD of loreign commerce. We do not drsire to destroy our foreign trsde. but to rc store its equilibrium to place it upon its le gitimate footing, as an iatercbange of com moditifi tomake it conducive to national wealth and prosperity to lop ofl" its exccss es in the article of importation, which expe rience has thown to be so fatal to our pros perity. Nor does the protective policy, properly administered, tend to the destniction of for eign commerce. There will always be a eom petition between the domestic and foreign manufaeturer. Could you tbrow the whole American market Into the hands of tbe form er, and make him the exclusive produeer for American conauniptioo, twelvemoctbs would not elap.e before hc would encounter a corn petition from abroad. Tbat competition would grow out of your foreign commerce, necessarily. inevitably, and out of the neces sity of receiving the commodities of other nations io exenange lor yourproductions ex ported. And here, sir, permit me to advert to the fallacious apprehenion which has been pre sented, as a sort of bugbear, that tbe tenden cy of the protective system is to build up an aristocraty of manufacturing wealth.to which the whole country shall be subject. Such a result cannot be brought about. It will b prevented by foreign competition. The du tics imposed by the act of 18-I2,are little more than an equivalent for the relattve cbeapncss of production in Europe; and should tbs manufacturcrs of this country seek to aecum ulate large profiti by means of unreasonabla prices, they would be at once undersold by those of Europe. This cauie co-operatinj with the domestic eornfxtition, so ready tn statt up when any investmect bccocies profit able, willbe efTectual to kecp down prices, and preventan undue accumub.iion of wcaltl; among ths mannfacturing class. Mr. President. it was uot my purpose to diseuss th merits of the att of 1842, con- siderea as & mere revenue measure, nor the effect to be produced upon tbe ijna.ntes' by