With such
advantages it is not doubted that our domestic manufacturers will
continue to prosper, realizing in well-conducted establishments even
greater profits than can be derived from any other regular business.
Indeed, so far from requiring the protection of even incidental revenue
duties, our manufacturers in several leading branches are extending
their business, giving evidence of great ingenuity and skill and of
their ability to compete, with increased prospect of success, for the
open market of the world. Domestic manufactures to the value of several
millions of dollars, which can not find a market at home, are annually
exported to foreign countries. With such rates of duty as those
established by the existing law the system will probably be permanent,
and capitalists who are made or shall hereafter make their investments
in manufactures will know upon what to rely. The country will be
satisfied with these rates, because the advantages which the
manufacturers still enjoy result necessarily from the collection of
revenue for the support of Government.
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