Famous Givers and Their Gifts
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by Sarah Knowles Bolton
22 Feb, 2020
When the war of 1812 was over, Mr. Lowell knew that the overloaded markets of Europe and India would pour their cotton and other goods into the United States. He therefore went to Washington in the winter of 1816, and after overcoming much opposition
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When the war of 1812 was over, Mr. Lowell knew that the overloaded markets of Europe and India would pour their cotton and other goods into the United States. He therefore went to Washington in the winter of 1816, and after overcoming much opposition, obtained a protective tariff for cotton manufacture. "The minimum duty on cotton fabrics," says Edward Everett, "the corner-stone of the system, was proposed by Mr. Lowell,[and is believed to have been an original conception on his part. To this provision of law, the fruit of the intelligence and influence of Mr. Lowell, New England owes that branch of industry which has made her amends for the diminution of her foreign trade; which has left her prosperous under the exhausting drain of her population to the West; which has brought a market for his agricultural produce to the farmer's door; and which, while it has conferred these blessings on this part of the country, has been productive of good, and nothing but good, to every other portion of it." Less
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- 1560.467 KB
- 186
- Public Domain Book
- English
- 978-1530478316
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