MADISON, JAMES. President. Autograph letter signed ("James Madison") to Tench Coxe, Montpellier, 12 February 1819. 2 full pages, 4to, 247 x 198 mm. (9 x 7.7/8 in.). with integral blank . MADISON ON THE PROSPECTS FOR AMERICAN EXPORT TRADES A co-author of the Federalist Papers ponders the intensifying contest for international markets for American agricultural exports. He has received a pamphlet by Coxe, supplementing an earlier one, on aspects of the world cotton industry; he hopes that it "...may attract all the attention due from our public councils. Without a just estimate of her manufacturing & commerical interests... G[reat] Britain seems intent on supplanting our Cotton staple in her market; and consequently forcing it into rival markets whence the fabrics made of it will be taken in return, and into our own manufactories, which may prevent a recovery of what she may lose by the experiment. In every view of the subject, it becomes us to anticipate a fall in the price of an important portion of our agricultural products. And if peace continues in Europe, as ought to be the wish of all, nothing but seasons extensively unfavorable can give us an adequate market for the next greatest portion, that of our grain crop; whilst the third, Tobacco, cannot fail to be reduced in price by the more extensive culture of it, even in our own Country, which will be accelerated by the reduced markets for the other two..." He promises to look for Coxe's previous pamphlet "which, if not lost at Washington I shall probably find. I will invite Mr. [Thomas] Jefferson to a perusal of your remarks, and refer him also to your article in the Cyclopedia." Mrs. Madison, he adds, "offers a sincere return of your good wishes. Be pleased to accept mine also..."
MADISON, JAMES. President. Autograph letter signed ("James Madison") to Tench Coxe, Montpellier, 12 February 1819. 2 full pages, 4to, 247 x 198 mm. (9 x 7.7/8 in.). with integral blank . MADISON ON THE PROSPECTS FOR AMERICAN EXPORT TRADES A co-author of the Federalist Papers ponders the intensifying contest for international markets for American agricultural exports. He has received a pamphlet by Coxe, supplementing an earlier one, on aspects of the world cotton industry; he hopes that it "...may attract all the attention due from our public councils. Without a just estimate of her manufacturing & commerical interests... G[reat] Britain seems intent on supplanting our Cotton staple in her market; and consequently forcing it into rival markets whence the fabrics made of it will be taken in return, and into our own manufactories, which may prevent a recovery of what she may lose by the experiment. In every view of the subject, it becomes us to anticipate a fall in the price of an important portion of our agricultural products. And if peace continues in Europe, as ought to be the wish of all, nothing but seasons extensively unfavorable can give us an adequate market for the next greatest portion, that of our grain crop; whilst the third, Tobacco, cannot fail to be reduced in price by the more extensive culture of it, even in our own Country, which will be accelerated by the reduced markets for the other two..." He promises to look for Coxe's previous pamphlet "which, if not lost at Washington I shall probably find. I will invite Mr. [Thomas] Jefferson to a perusal of your remarks, and refer him also to your article in the Cyclopedia." Mrs. Madison, he adds, "offers a sincere return of your good wishes. Be pleased to accept mine also..."
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