MONOPOLY OF TRADE THE TARIFF. 613 



tures. The object is of too much consequence not to insure 

 a continuance of their efforts in every way which shall 

 appear eligible.'' 



Benjamin Franklin, in 1771, says: 



"It seems the interest of all our farmers and owners 

 of land to encourage our young manufactories, in prefer- 

 ence to foreign ones imported among us from distant 

 countries. ' ' 



Alexander Hamilton, in 1779, wrote: 



"To maintain between the recent establishments of 

 one country and the long matured establishments of 

 another country a competition on equal terms, both as to 

 quality and price, is in most cases impracticable. The dis- 

 parity in one or in both must necessarily be so considerable 

 as to forbid a considerable rivalship without extraordinary 

 aid and protection from the government" 



Henry Clay, in 1824, said: 



u It is most desirable there shall be both a foreign and 

 a home market, but with respect to their relative superi- 

 ority, I cannot entertain a doubt. The home market is 

 first in order and paramount in importance. But this 

 home market, desirable as it is, can only be created and 

 cherished by the protection of our own legislation 

 against the inevitable prostration of our industry, which 

 must ensue from the action of foreign policy and legisla- 

 tion. If I am asked why unprotected industry should not 

 succeed in a struggle with protected industry, I answer: 

 The fact has ever been so and that is sufficient. If we 

 speculate on the causes of this universal truth, we may 

 differ about them, still the indisputable fact remains. The 

 cause is the cause of the country, and must and will 

 prevail. It is founded on the interest and affections of the 

 people. It is as native as the granite deeply embossed in 

 our mountains. " 



