Thursday, August 8, 2024

David M. Stone to Senator Robert M. T. Hunter, March 25, 1856

OFFICE OF THE JOURNAL OF COMMERCE,        
NEW YORK, [N. Y.], March 25th, 1856.

DEAR SIR: I believe I had the pleasure of meeting you once, but waiving any claim to old acquaintance, I avail myself of the kind introduction of Mr Cisco, to say a few words in regard to the proposed modification of the Tariff.

The Manufacturers at the North and East believed for many years that the old Whig party was the only organization which cared a button for their interests, and that a high protective tariff was essential to their salvation. The more sagacious among them have at last opened their eyes, and finding that the hot-house system is not conducive to a healthy growth, are anxious to try the free-trade method of struggling for life in the open field. The only real difficulty in the way of this, is the tax upon raw materials, which the manufacturers of all other countries are allowed to import free, or at a merely nominal charge. The free-trade party tried in Walker's time to secure this, but the opposition was so wedded to the principle of protection, that it was found impossible to obtain a majority for it. Our woolen manufacturers, especially, need such legislation as shall take off the restrictions which a blind policy has formerly imposed upon their raw material; and thinking men in all sections of the country, without distinction of party, have advocated the measure of relief proposed. I have written, within the last eighteen months two pamphlets upon this subject, which have been widely circulated, and the response from solid men in all parts of the country, has been in favor of the scheme. I think that I have shown conclusively that it will benefit the wool growers quite as much as the manufacturers, and my views have been approved by a very large number of leading agriculturists and farmers. I rec[eive]d a long letter from Gov[ernor] Wright of Ind[ian]a some time since, assenting to my views, and confirming my opinion that those who control public sentiment at the West are with us on this question. Mr. Houston of Al[abam]a consented to this, last session, and at my suggestion, placed wool and many other raw materials in a schedule at a nominal duty; this bill passed the House, but failed in the Senate for want of time.

The measure is likely to be opposed, however, by those politicians who have heretofore been the most clamorous friends of the manufacturer. Greely hesitates not to declare, privately, that it shall not pass this session, but must be kept back for use in the next Pres[idential Campaign. Seward has sullenly agreed not to combat it openly, but as I learn from some of his own friends who have been on to Washington, on purpose to see him, he will prevent its success if he can without personal exposure. James of R[hode] I[sland] has drawn up his bill based on free trade in raw materials, but in order to effect his reelection, has levied the duties on other importations far too high. I send, herewith, a leading article from the Journal of Commerce of Saturday, commenting upon his scheme. Our merchants here are becoming impatient that a plan against which so little can be said, should meet so many delays. The manufacturing interests have been closeted at Boston, and feeling more than ever absolved from party ties, are fastening their eyes upon those Conservative Statesmen who are known to be honest, to see if now that there is an opportunity to do something for the prosperity of the country, without building up one at the expense of another, they may not find help in some whom they have not been accustomed to regard as friends.

Mr. Guthrie has been highly applauded for his services in repeating and enforcing the recommendations of Mr. Walker upon this subject, and there needs but a voice to be heard above the din of faction upon the floor of Congress, to draw the hearts of all the Commercial classes into one channel. Where shall we look but to you? Standing midway between the North and South, ever on the side of right in the past, and (if the signs of the times be true) to be still more largely trusted in the future, who so fit a spokesman for the public of all sections in this crisis as yourself?

Mr. W. W. Stone of this city (with whom I can claim no connection notwithstanding the name) a member of the firm of Lawrence, Stone and Co. one of the most respectable domestic houses in the country, and intimately connected with Eastern Merchants and Manufacturers, visits Washington to-day. He has been an earnest advocate of this revision of the Tariff for several years, and would like to converse with you in regard to it. He has formerly acted with the Whig party, but in the present unsettled state of political affairs, feels no party responsibilities, and has, I am sure, the welfare of the country at heart. He will speak to you more at large of the state of feeling at the East from which you will see that I have not written unadvisedly.

SOURCE: Charles Henry Ambler, Editor, Annual Report of the American Historical Association for the Year 1916, in Two Volumes, Vol. II, Correspondence of Robert M. T. Hunter (1826-1876), p. 184-5

 

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