Mr. Clay consented to that compromise cnd oi annual reduction of a certiin percentage ot the duties imposed by the otariffof 182S. and what were the consequences? We had at the time fiftyeight blast furnaces is operation. and in a few years fiftyoven of thel were closed by introduction of Engish iron. le product ef the then pauper labor of Great Britain. Our factories andour workshop were nearly all closed. and their Inmates sent back to the soil to become producers instead of consumerseof our cereals. Overprodnetionwithout ony lime market necessarily followed. aid wheat t the rest sold at prices which barely paid for the reaping. as the genius of MeCormick had not then perfectedth eaper.
Keywords matched
pauper labor