, 1840-04-04
BowLING-GREEN, MO. SATURDAY, APRIL A, 1910.

Is not regulated BY the foreign demand above
the prices of similar articles in Germany and
France. At particular stages Of our ex.
parsions, we might with justice apply the
principle which | have stated 10 our trade
with these countries, and assert that, from
the great redundancy of our currency, al IT,
cles are manufactured in France and Ger
many for one-half OF their actual cost in this
country. Let me present an example. In
Germany. where the currency is purely me.
tallIc, and the cost of every thing is reduced
TO a hard money standard, a piece OF broad.
cloth can he manufactured for fifty dollars
the manufacture of which, in our country.
from the expansion of our paper Currency.
would cost one hundred dollars. :. nat is
the consequence? TIE foreign French or
German manufacturer imports this cloth into
our country, and sells it for hundred dollars.
Does not every person perceive that the re-
dundancy of our currency is equal to a pre-.
MUM of one hundred per cent, in favor OF
the foreign manufacture? No tariff of pro-
t~eciior, unless it amounted to prohibition.
could counterfeit this advantage in favor of
foreign manufactures | would 10 Heaven
that | could arouse the attention Of every
manufacturer of the nation to this important
subject.
The foreign manufacturer will not receive
our bank notes in payment. lie viii take
nothing home except gold and silver or bills
Of exchange, which are equivalent. lie
does not expend this money here, where he
would be compelled to support his fanl!v.
and to purchase his labor and materials at
the same rate of prices which he receives
- laa
gees home, purchases his labor, his wool, and
Ill other articles which enter into his manu-
iacture. at halt their cost in this country.
and AGAIN returns 10 inundate us with foreign
wo!lens. and la ruin our domestic manuflc-
lures. ] might cite many other examples;
but this, | trust, will be ,uiicient to draw
public attention to the subject. This de.
precil'iun Of our currency is, therefore.
equivalent Ia Il direct protection granted 10
the foreign over the domestic manufactured
1t is impossible that our manufacturers should
be able 20 sustain such an unequal conpe
t:lIun.
Sir, ] solemnly believe that If we could
but reduce this inflated paper bubble 10 any
thing like reasonable dimensions, New Eng
Land would become the most prosperous man
uiactuTIag country that the sun ever shone
upon. WHY canrot we manufacture goods,
and especially cotton goods, which will 20
into successful competition with British man
ulaciures in foreign m:rkets! HIVE we not
the necessary capital! Have we not the in
dus;ry? Have we not the machine! And,
above all, are not our skill, energy and en-
terprise proverhial throughout the world!-
Land is also cheaper here than in any other
country on the face Of the earth. We pos
seSs every advantage which Providence can
bestow upon US for the manufacture of cot
ton; but they are all counieracted by the
folly of man. The raw material costs US less
than it does the English, because this is an
article the price of which depends upon for
eign markets, and is not regulated by our
own ind Itei currency. We, therefore, save
the freight of the cotton across the Atlantic,
and that of the manufactured article on its
return here. What is the reason that with
al, these advantages, and with the protec-
tire duties, which our laws afford TO the do.
mestic manufacturer of cotton. we cannot
obtain exclusive possession of the home mar
ket, and successfully contend for the mar.
ketS OF the world? IL is simply because We
manufacture at the nominal prices of our
own inflated currency, and are compelled 10
sell al the real prices Of other nations. Re.
duce our nominal 10 the real standard of
prices throughout the world, and you cover
our country with blessings and benefits. |
wish TO Heaven | could speak in a voice loud
enough TO be heard throughout New Eng
land; because. if the attention Of the manu-
facturers could once be directed TO the SUBJ
ject, their own intelligence and native So
gacity would teach them how injuriouslv
they are affected by our bloated banking and
credit system, and would enable them to ap-
ply the proper corrective.
What is the reason that our manufactures
have been able to sustain any sort of COM
petition. even in the home market, with those
of British origin? 1t is because England
herself is, TO a great extent, a paper money
country, though, in this respect, not to be
compared with our own From this very
cause, prices in England are much higher
than ihey are upon the continent. The ex-
pense Of living is there double what it costs
in France. Hence, all the English who de-
sire to nurse their fortunes by living cheap
", emigrate from their own country 10