cturer imports
this cloth into our country, and sells it for a hundred. Does
not every person perceive that the redundancy of our currency
is equal to a premium of one hundred per cent. in favor of the
manufacturer?"

"No tariff of protection, unless it amounted to prohibition,
could counteract this advantage in favor of foreign
manufactures. I would to heaven that I could arouse the
attention of every manufacturer of the nation to this important
subject."

"What is the reason that, with all these advantages, and with
the protective duties which our laws afford to the domestic
manufacturer of cotton, we cannot obtain exclusive possession
of the home market, and successfully contend for the markets of
the world? It is simply because we manufacture at the nominal
prices of our inflated currency, and are compelled to sell at
the real prices of other nations. REDUCE OUR NOMINAL STANDARD
OF PRICES THROUGHOUT THE WORLD, and you cover our country with
blessings and benefits."

* * * * *

"The comparative LOW PRICES of France and Germany have afforded
such a stimulus to their manufactures, that they are now
rapidly extending themselves, and would obtain possession, in
no small degree, even of the English home market, IF IT WERE
NOT FOR THEIR PROTECTING DUTIES. While British manufactures are
now languishing, those of the continent are springing into a
healthy and vigorous existence."

How will the _Free Trade Democracy_ of the South relish these
"protecting duties" of an old Federal politician? They are about as
consistent in their support of the Cincinnati nominee as "Clay Whigs"
are, when they know that Buchanan was the only man living who had it in
his power to do Clay justice, in reference to the "bargain and intrigue"
calumny, and obstinately refused!

CLAY AND BUCHANAN.

In 1825, Mr. Buchanan, then a member of the House, entered the room of
Mr. Clay, who was at the time in company with his only messmate, Hon. R.
P. Letcher, also a member of the House, and since Governor of Kentucky.
Buchanan introduced the subject of the approaching Presidential
election, Letcher witnessing what was said; and after that, when Mr.
Clay was hotly assailed with the charge of "bargain, intrigue, and
corruption," notified Mr. Buchanan of his intention to publish the
convers