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abundance additional advantage afford agriculture ALEXANDER HAMILTON alledged already annuity appear applied artificer augmentation balance of trade bounty branch cent circulation circumstances commerce commodities competition consequence considerable cotton cultivation debt degree demand domestic manufacture duty effect employed employment encouragement of manufactures enterprise equal eral establishments Europe exertion expedient expence exportation extensive fabrics factures farmer favor flax foreign article funds furnishes fustians Great-Britain greater hair powder hemp important improvements inconvenience indemnification industry instances interest irrelative kind labor land less linen malt liquors manu manufac ments molasses national manufacturers nature number of persons objects operation ordinary profit particular peculiar premiums principal procure production progress promote proper proportion prosecution pursuits quantity raw material reason render requisite resource revenue rience sailcloth scarcity of hands serve siderable spirit success supply taxes tendency tillage tion tural tures United wool workmen
Page 41 - No objection ought to arise to this construction, from a supposition that it would imply a power to do whatever else should appear to Congress conducive to the general welfare. A power to appropriate money with this latitude which is granted too in express terms, would not carry a power to do any other thing, not authorized in the Constitution, either expressly or by fair implication.
Page 18 - ... the want of reciprocity would render them the victim of a system which should induce them to confine their views to agriculture, and refrain from manufactures. A constant and increasing necessity, on their part, for the commodities of Europe, and only a partial and occasional demand for their own, in return, could not but expose them to a state of impoverishment, compared with the opulence to which their political and natural advantages authorize them to aspire.
Page 16 - ... of the individuals who compose them. That the establishment of manufactures is calculated not only to increase the general stock of useful and productive labor, but even to improve the state of agriculture in particular; certainly to advance the interests of those who are engaged in it.
Page 44 - Monopoly, besides, is a great enemy to good management, which can never be universally established, but in consequence of that free and universal competition, which forces everybody to have recourse to it for the sake of self-defence.
Page 11 - ... 6. The affording a more ample and various field for enterprise. 7. The creating, in some instances, a new, and securing, in all, a more certain and steady demand for the surplus produce of the soil. Each of these circumstances has a considerable influence upon the total mass of industrious effort in a community ; together, they add to it a degree of energy and effect, which are not easily conceived.
Page 3 - The Secretary of the Treasury, in obedience to the order of the House of Representatives of the...
Page 4 - The smallness of their population, compared with their territory ; the constant allurements to emigration from the settled to the unsettled parts of the country ; the facility with which the less independent condition of an artisan can be exchanged for the more independent condition of a farmer ; these and similar causes conspire to produce, and for a length of time must continue to occasion, a scarcity of hands for manufacturing occupation, and dearness of labor generally.
Page 20 - Whatever room there may be for an expectation that the industry \of a people, under the direction of private interest, will upon equal terms find out the most beneficial employment for itself, there is none for a reliance that it will struggle against the force of unequal terms, or will of itself surmount all the adventitious barriers to a successful competition...
Page 56 - To secure to the national manufacturers so essential an advantage, a repeal of the present duty on imported cotton is indispensable. A substitute for this, far more encouraging to domestic production, will be to grant a bounty on the national cotton, when wrought at a home manufactory; to which a bounty on the exportation of it may be added. Either, or both, would do much more towards promoting the growth of the article than the merely nominal encouragement which it is proposed to abolish.