It has been objected to this policy by a distinguished statesman in congress, that our country was too extended, the lands too cheap and fertile, and our population too sparse to admit of the manufacturing system; that our people were physically incapable of that confined degree of labor, necessary to excellence in manufactures; but experience has surely disproved these positions. We are by nature inferior to no people, physically or mentally, and time has proved and will continue to prove it.
I am aware that the people of this quarter of the union conscientiously believe, that the tariff bears heavily on them; yet I feel also well assured, from a retrospect of the past, that if the laws on this subject were even more severe in their operation than I believe them to be, this patriotic people would endure them patiently. Yes, if the independence of the country, the interests, and above all the cause of the union required heavy sacrifices, they would endure them. But whilst claiming no immunity from error, I feel the most sincere, the deepest conviction, that the tariff, so far from having proved injurious to the peculiar interests of this section of country, has been eminently beneficial. I ask leave to put two questions to those interested in your great staple. I would take the common operations of sale and of purchase; has the operation of the tariff lowered the price of what you sell? The price of every article must be regulated mainly by the demand; has, then, the consumption of cotton diminished since the tariff of 1824, or 1828? No, it has increased, greatly increased; and why? Because the protection extended by this policy, has created a new customer in the American manufacturer, who takes two hundred thousand bales, without having lessened the demand for the European market.
British merchants have found new markets for their cotton fabrics, and the competition, thus created, while it has reduced the price of the manufactured article, has increased the consumption of the raw material. Again, has the tariff increased the price of what you buy? Take the article of domestic cottons, for example; has not the American manufacturer, since the adoption of this system, afforded you a better article and at less price than before? Take a familiar instance, one in which having some personal interest, I ought to be acquainted with; take the article manufactured in my own state, for the covering of your cotton bales; take any period, say six years before and six years since the tariff of 1824; has the average price of cotton bagging increased or diminished, in that period? I think I can appeal confidently to those around me, for the reply. We afford you a better article than the European, and at a greatly reduced price. But, I am permitting myself to be carried away by the subject; I will obtrude no longer on the indulgence of this generous people. I feel my inability to express my profound and heartfelt gratitude, for the too flattering reception you have given me, and for the sentiments you have been pleased to honor me with, an humble individual in private life. I ask permission to offer a sentiment.
‘The health and prosperity of the people of the state of Mississippi.’
ON NULLIFICATION, ETC.
DELIVERED AT CINCINNATI, AUGUST 3, 1830.
[THERE are few, if any, among the numerous addresses with which Mr. Clay has favored the country, on the policy of the government, and the true interests of the people, which more richly deserve careful consideration, than the following speech, delivered at the mechanics collation, in the Apollonian garden, on the third of August, 1830. It embraces almost every exciting topic of the time, including the American system, recharter of the U. S. Bank, and nullification.
The eighth toast—‘Our valued guest—It is his highest eulogium, that the name of Henry Clay is inseparably associated with the best interests of the country, as their assertor and advocate.’
When the enthusiastic cheering, which followed the reading of this toast, had subsided, Mr. Clay rose and addressed the company as follows.]