National Economy: a History of the American Protective System: And Its Effects Upon the Several Branches of Domestic Industry |
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Page 16
... things . It was not merely to change a government ad- ministered by kings , princes , and ministers , for a govern- ment administered by presidents , and secretaries , and mem- bers of Congress . It was to redress their own grievances ...
... things . It was not merely to change a government ad- ministered by kings , princes , and ministers , for a govern- ment administered by presidents , and secretaries , and mem- bers of Congress . It was to redress their own grievances ...
Page 29
... things , will be greater or less in the same proportion . For the purpose of this vent , a domestic market is greatly to be preferred to a foreign one ; because it is , in the nature of things , far more to be relied upon .. The foreign ...
... things , will be greater or less in the same proportion . For the purpose of this vent , a domestic market is greatly to be preferred to a foreign one ; because it is , in the nature of things , far more to be relied upon .. The foreign ...
Page 31
... things , we can not exchange with Eu- rope on equal terms ; and the want of reciprocity would com- pel us to confine our views to agriculture , and to refrain from manufactures . A constant and increasing necessity on our part for the ...
... things , we can not exchange with Eu- rope on equal terms ; and the want of reciprocity would com- pel us to confine our views to agriculture , and to refrain from manufactures . A constant and increasing necessity on our part for the ...
Page 32
... things and the interest of the community may require . To this it is replied , in substance , that the fear of failure in untried enterprises , the difficulties incident to first attempts to compete with those who have attained to ...
... things and the interest of the community may require . To this it is replied , in substance , that the fear of failure in untried enterprises , the difficulties incident to first attempts to compete with those who have attained to ...
Page 35
... thing like monopoly , and by de- grees reduces the price of the article to the minimum of a reasonable profit on the capital employed . This accords with the reason of the thing and with experience . Whence it fol- lows , that it is the ...
... thing like monopoly , and by de- grees reduces the price of the article to the minimum of a reasonable profit on the capital employed . This accords with the reason of the thing and with experience . Whence it fol- lows , that it is the ...
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Common terms and phrases
20 per cent 50 cents abroad adopted agricultural amendment amount annually balance of trade bar iron benefit bill Britain British Cambreleng capital cents a pound cloth commerce Committee on Manufactures competition Congress Constitution consumer consumption corn laws cotton debate demand Democratic diminish domestic manufactures duced duties on imports effect encouragement England establishments Europe exports fabrics factures farmer favor foreign market free trade gentleman Government hemp home market House imposed increase industry interests iron labor manu manufac Massachusetts ment merchants minimum molasses nations navigation nays object operation opposed passage passed Pennsylvania ports present principle produce profits proposed prosperity protective duties protective tariff provisions question raised raw material reduced repeal revenue Rhode Island Secretary Senate South Carolina specific duties sumers supply surplus tariff act tariff of 1842 tion Treasury tunnage tures United valorem duty vote Whigs woolen Yeas
Popular passages
Page 106 - ... and to purchase with a part of its produce, or what is the same thing, with the price of a part of it, whatever else they have occasion for. What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom.
Page 280 - But who shall decide this question of interference? To whom lies the last appeal? This, sir, the constitution itself decides also, by declaring, "that the judicial power shall extend to all cases arising under the constitution and laws of the United States.
Page 280 - In pursuance of these clear and express provisions, Congress established, at its very first session in the judicial act, a mode for carrying them into full effect, and for bringing all questions of constitutional power to the final decision of the supreme court. It then, sir, became a government; it then had the means of self-protection, and, but for this, it would in all probability have been now among things which are past.
Page 443 - ... 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 29 - The creating in some instances a new, and securing in all a more certain and steady demand for the surplus produce of the soil.
Page 148 - It is to be found in the fact that, during almost the whole existence of this government, we have shaped our industry, our navigation, and our commerce, in reference to an extraordinary war in Europe, and to foreign markets, which no longer exist...
Page 35 - Though it were true, that the immediate and certain effect of regulations controlling the competition of foreign with domestic fabrics was an increase of price, it is universally true, that the contrary is the ultimate effect with every successful manufacture.
Page 399 - to define and punish offenses against the law of nations...
Page 148 - ... universal complaint of the want of employment, and a consequent reduction of the wages of labor ; by the ravenous pursuit after public situations, not for the sake of their...
Page 333 - I have heretofore declared to my fellow-citizens that, in " my judgment, it is the duty of the government to extend, as far as it may be practicable to do so, by its revenue laws, and all other means within its power, fair and just protection to all the great interests of the whole Union, embracing agriculture, manufactures, the mechanic arts, commerce and navigation.