Excerpt from Speech of Henry Clay: Delivered at the Mechanics’ Collation, in the Apollonian Garden, in Cincinnati, (Ky;) On the 3d of August, 1830
As respects the sale ofltis staple, it would be indifferent to the planter whether one portion of it was sold in Europe and the otherin America, provided the aggregate of both were equal to all that he could sell in one market, if he had butone, and provided he could command the same price in both cases. The double market would indeed be something better for him, because of its greater security in time oi war as well as in peace, and because it would be attended with less perils and less charges. Lfthere he an equal amount ofthe raw material manufactured, it must be immaterial to the cotton planter, in the sale ofthe article. Whether there be two theatres ofthe manufacture, one in Europe and the other in America, or but one in Europe; or if there be a difference, it will be in favor of the two places of manufacture, instead done, for reasons already assigned, and others that will be hereafter stated.
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