ed without
manufactures. Now, the truth is, that the system _excites_ and _creates_
labor, and this labor creates wealth, and this new wealth communicates
additional ability to consume; which acts on all the objects
contributing to human comfort and enjoyment. . . . . I could extend and
dwell on the long list of articles--the hemp, iron, lead, coal, and
other items--for which a demand is created in the home market by the
operation of the American system; but I should exhaust the patience of
the Senate. _Where, where_ should we find a market for all these
articles, if it did not exist at home? What would be the condition of
the largest portion of our people, and of the territory, if this home
market were annihilated? How could they be supplied with objects of
prime necessity? What would not be the certain and inevitable decline in
the price of all these articles, but for the home market?"

But we must not burden our pages with further extracts. What has been
quoted affords the principal arguments of the opposing parties, on the
points in which we are interested, down to 1832. The adjustment, in
1833, of the subject until 1842, and its subsequent agitation, are too
familiar, or of too easy access to the general reader, to require a
notice from us here.

CHAPTER XI.

Results of the contest on Protection and Free
Trade--More or less favorable to all--Increased
consumption of Cotton at home--Capital invested in
Cotton and Woolen factories--Markets thus afforded
to the Farmer--South successful in securing the
monopoly of the Cotton markets--Failure of Cotton
cultivation in other countries--Diminished prices
destroyed Household Manufacturing--Increasing
demand for Cotton--Strange Providences--First
efforts to extend Slavery--Indian lands
acquired--No danger of over-production--Abolition
movements served to unite the South--Annexation of
territory thought essential to its
security--Increase of Provisions necessary to its
success--Temperance cause favorable to this
result--The West ready to supply the Planters--It
is greatly stimulated to effort by Southern
markets--_Tripartite Alliance_ of Western Farmers,
Southern Planters, and English Manufacturers--The
East competing--The West has a choice of
markets--Slav