Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-03-07
From he 7YPpesanoe Flar.

"S 81 al kEASURI
nc whole friends OF the sub trcos,,v
bill acknowledge that It's effect will h.. -
reduce The price Of labor, and or o.,
article OF produce or manu(actnre az
they are certainly right; bu, their Iahor 20
prove that such reduction. will not h,
very injurious in its fleets, is ,hrowo
away The people will never believe
such thing Let us see what its eff,
VIII be Under a United States R,ok ,bo
general issue ofRtuk paper, was as ,hr,.c
20 one OF coin. Then a total dis,so -,
oinS paper would give US one third ,he
rurtencv we had under a United S,o,c-
DanN' men. OF course. 10 have proner
oa'ah' ing oil the trade enc dollar of s,ecia
currency must be worth n much as ihrc.
q liars OF paper. OF course. then. the Ia.
DOR mat under n banking currency com
N 'nded one dollar per day. would undc,
a SUP treasury command 80 els A ,,an
who owes 800 dollars must labor FOR !,
lnst as tong under n sub treasury as he
would Tor ] 5 o under a bank. Tho r,r-
mer who praises wheat and Obtained \ dolI -
'or u must be contcot with ibir,y-ihraa
cents. Ills true, however. TIM, :, 49,
We SHOULD Ind all articles OF our ovv, ,,,,'
u,'ctu'c downto the same level; but we
sn 'uid mud a material difference in every
'n'ho 'hst IA imported. ccffcc /, now II;
e'S' per 10 at retail. Under le,i,iua,,
banking currency twas no more. undrr
suoireasury II would be no less: bec,noo
o'ihg raised abroad where prices do NOT
depend upon the nature of our currenrv
ha' would make no change in ii. Tea il
produced abroad, and must OF con .se sill
remain at tie same price as before. Tn.
aoorer must therefore work thr.c DAYS
under a subtrcasary for one pound. of -,
labor is much moSa,a standard of yaIn,
han money is, A,he sta d,rJ -
this case we fint rcos,,.,, -
pay the Chimes,
lot 'he-an'c quantity Of their la
Dor which We bought before FOR an. 80.
work. Thus II is with mos, Of our co.,.
our inrs' many afticlcs Of wearing nnn,.
rel leather, NC The proportion of arr.
cies which we must import, in on, daiiv
consumption, to those made entirely viii.
ourselves from native products is no,
inuch less SIAN one hall. Now Irt Ms So,
"hat Inc mechanic makes by the sub trea-
shry. Under the Banking currency 4,
gooi mcchrnlc could make two dollars
,"y' winch, Tor Sl3 working DAYS. is 69s
dollars year TO buy ali he is ronneI,.
I'd to buy costs him 500 dollars. llsihcn
saves l26 dollars. Undere sub; ro,snr,.
he would earn, the amount of cn,roo,!,,
Oo'n ono third as great. one third as much
81, y VIZ oos CTS. per dry or S2O8 and
% Gus per year. In order 10 live as we'll
rs nc did before, he must BUY as mnny
'hings. According TO our former estimate
one haii The articles he consumes com,
rom abroad. For these he must nav tht
same that he does now One halior 500
IS zoO' For the other half he ravs ona
.nlrd, which Is 63 dollars 80 cts. n,aLi,c
his expenses Sr33 and 50 els. Dcd,ri
from Tins the amount OF his WAGES and
you md him in deb. at tlrc.end of Tie vc,r-
Sl24 % cts. With the same amount 81
labor under banking currency ard The
sane style Of living that be would use
under The sub treasury, the mechanic
would make 1876 dollars a year. where
under The sub treasury, he would 10 q Ial
dollars 81 cts. or be so much worse tbon
nothing at the end Of rhe year.
NOW let us look ut the Office holder
TIC gets SoUO dollars year, under a bank
currency, and The party in power are op-
posed 10 a reduction, If the sub treasury
0'i asses. lie viii, then. still get 300
ao'iars Under bank currency IL cos,
nun l,5OO dollars 10 live. Under sub
.Teasury he could live al the same rate in
The proportions that we have adopted. for
one thousand dollars. The ono thousand
dollars that be saves from his salary,
would then be worth for the purchase Of
labor, produce or land. as " uch as 5000
dollars is under bank currency. in this
.hcD. we find that he ofic,
1der makes three ihounsnd dollars year
~ the passage OF the sub treasury, while
ne m' chanic loses $3.50 CT cts year.
$ u any wonder. then. that the people
'aouid generally be opposed 10 The sub
.rea.ury. while the ofie holders are ia
avOr of I'D