Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-20


or LABOR 900. ,sn
r;g -. .S :, . rssPsy g r:sRs
House carlsners Sls so3S aoaaaas
$ss5 s;, IS; Is; s; 3:
Per Week. PEI Week. Per Ireek
Printers. l2,OoaisOo is,ooal4oo
Per Month. Per Month PEI Month.
Stone Laborers. 2o,0oaS000 250Oa500o 2o0oaS0OO
Per BsrIeL PEI Barrel Peg BGra.i
1t will be observed in this table that the rise IN
the wages of labor began subse qucnt to the year
1880. For many years before that period there was
little or no fiuctuation in the wages of labor. This
was the natural result of a sound and unhuctua-
ting currency. In 1880, the great movement began
among the banks, started first by the Manhattan and
other banks of this city, the object of which 10
induce General Jackson, otherwise an honest man
and patriot, to begin his experiments in the cur
rency, under the pretence of giving the country
80 better currency" than then had. General
jackson was seduced by the misrepres entations of
the Manhattan and other banks. This movement led
naturally TO the multi pcation of banks-the expan-
sion Of the paper currency-the creation of ficti-
tious values-thc rise in -four, wheat provisions-'
and the consequent demand for higher wages
Things went on from bad to verse, till General
jackson found that the banks had deceived him. He
then began the retrograde movement, since followed
out by Mr. Van Buren, and his sub-treasury policy.
This, as a matter of course, has produced the ex-
plosions and suspensions in the bank currency,
which are bringing about their natural effects in the
wages OF labor and the value of all products.
In the reaction from high and bloated prices to
low prices all classes suffer alke-the capitalist
and the aborer-the merchant and the mechanic
Wages and provisions do not decline one and the
same day This creates great distress among la
borers, until the adjustment Of values takes place;
but is il t. be avoided II cannot be avoided IL
the community, under bad government, gets in
toxicated with high prices, produced by bank in
fatons, il must suffer the headache of low prices,
as drunkard does of low spirits. ill it reach the
point from which il started. This is now the con-
dition Of the working men Of New York. We are
gradually getting right-the headache is yet severe,
but time will relieve them. Above all things, let
the working people take to support such GO
vernment as will be stable and pernanent-and not
ose that start all sorts of in the currency
country is ripe for change Of rulers and ad Just
The ment of values and wsges-snd the probabilityis
that there will be decided change, and decided
equalization of all prices and values in March ISL
when Harrison enters the White House and Van
Buren, enters his cottage at Undertook.
k,orHrR Dr .ru-PRosREss or rHE NrwsPA-
PEN PRrss Yesterday the existence Of the "New
York Wing was terminated after short and sick
Iy life Of two years and one month The "Whig"
was projected in February 1893 by the same clique
OF politicians, who attempted to prescribe the Her
aid, and cry down its reputation and system, be-
cause we refused to support the nomination Of the
notorious Joe Hoxie, in the fall II 1887.
This miserable, ricketty concern was the especial
protege OF the ''Young Mems Wing Committee -
and the clique OF the Courier & Enquirer" aided
and assisted by n old clothes called Noah. Ii
n. a..
existence reputation and business ofthe Herald be-
cause il possessed independence and a vitality
beyond the controu Of all the corrupt politicians
and corrupt bankers Of Wall street. The brief ex-
istenee and final extinction ,of the "whg," is the
merited condemnation Of public opinion upon a mis-
cradle system mindless ciiqus-and ridiculous
"Committee who attempted to make il the point Of
rivalry against Its fate ought convey an in
structive lesson 20 the present daily papers that
have lately started pretending to consider this es-
Enlistment not respectable, and without reputa-
ton and character II ought also to brewarn the
miserable Wall street prints Of the destiny which
the present evolution in the press will bring upon
them. Neither should the whig party decline TAX ing
advice from these events. In November. 1897 we
opposed the wing party, because they nomina-
ted Joe Hoxie to office which he did deserve.
We were cried down as wanting in morality on that
~N'''''f anu 'h'N paper Nht mig btsFttu
TO take our place. In few days. the wing party
will nominate candidate for Mayor. If they pat
tortcard an obnoxious man, ,ce shall ar decidedly
oppose him a' re did Joe Hore and trust 10 the cor
rect sentiments OF this city to bear us out as they
have done in the case bcforeu US So beware.
LETTERS rus GRrar wEsrrRr.--Tbcrc
was great rush yesterday at Gnpin's News Room.
More letters were sent TO Europe than ever no.
fore in any one day. Giipin alone took upwards NJ
two thousand dollars in hostages. Letter. from
London dated the morning of the ist inst rceeiv.
ed by the British Queen on "wednesday. have
been answered by the Great Western, and W IN reach
England on the lst Of April-only one month from
London to New York and back again. Two years
ago, the time occupied was two months and more
o. MArANoRAs has been reinforced No ba,tl,
had yet taken place. Many Of the Americans had
lnlL the lcdnrnllaLa mi r.a..r..L o.. Il.