blood, upon the chance of European wars; it was too true, it was horrible to contemplate; but he would say, was it not more horrible still, to speculate upon the chance of famine? Had we never looked, never hoped, for a famine in Ireland, England or the continent of Europe, that we might increase our store thereby!!! put money in our pockets!!! to such dreadful shifts, dreadful to reflect upon, had the disregard of the great principle he had enunciated reduced us. The proper remedy was to protect our native industry, to protect it from the surplus products of the industry of other countries--surplus products sold in our markets without any reference to the cost of production. Manufacturers look at home consumption in the first place for their profits; that market being filled, they do not force off their surplus among their own people--that might injure their credit, or permanently lower the value of their manufactures at home. They send their surplus abroad to sell for what it will bring. Another view of the question was, that in the exchanging produce for foreign manufactures, one half of the commodities is raised by native industry and capital, and one half by foreign. One half goes to promote native industry and capital, and the other half foreign industry and capital, but if the exchange is made at home, it stands to common sense, that all the commodities are raised by native industry and capital, and the benefit of the barter if retained _at home_, to promote and support them. Where the raw material produced in any country is worked up in that country, the difference between the value of the material and the finished article is retained in the country. * * * * *