The Literary And Scientific Repository, And Critical Review 2
The Literary And Scientific Repository, And Critical Review 2
Charles K Charles Kitchell Gardner
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Gould and Banks. New- York. We have in this country a sect of political economists, who confidently assert that the importation of foreign goods b rapid- ly bringing the country to ruin, atid that nothing can arrest our fatal progress but legislative interference. The arguments by which this opinion is. supported are, that European ports are closed to our exports, while our importations fi*om that quarter are extensive. The balance of trade is consequently against us, and the foreign debt must ...be paid in specie, or be met in beg- gary. The only possible way in which this impending evil can be averted is, we are told, to lay such duties on foreign manu&ctures as shall enable those of our own country to drive them out of the home market : This measure will give excitement and activity to labour — raise the value of manufacturing capital — improve the price of agricultural products— -ofier a new and profitable field for internal commerce — and make us independent of Eu- rope. Influenced by the laudable object of securing to the na^ tion benefits so extensive, Mr.
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