Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-03-05

by our credit system, and home labor protec-
ton, has caused them to be imported and AZ
forded at tho least possible price. When the
whole business OF the country was in the
hands OF over cautious specie capitalists, they
did not risk the god Of their idolatry short of
cent per cent. The planter now gets these
necessary articles Of consumption for about
one half what he formerly paid at the same
time that his staple, cotton, has risen % per
cent in value. With regard to the cost OF
his negro clothing, which is one OF his most
expensive purchases, il has been shewn that
ss far back as 1916 he paid for it 80 cts. per
yard, and received 10 cts. per pound for his
cotton, or he gave lbs. of cotton for yard
Of negro cloth.-Under the "false system"
he has received Is cts. per pound for his cot
ton, which gives rs cts. for 5 lbs. and the
negro clothing of the same description, has
been selling for some years past, at from 70
to 25 cts. per yard, or he now receives more
than three yards Of negro cloth for pounds
Of cotton, in lieu Of yard as formerly.
As has been before stated, the people of
New England were formerly clothed prnci'
pally in linen. In the year 1878 or 1916, the
writer was concerned in mill erected for
H.. purpose Of manufacturing linseed oil,
from fuxseed. II was situated in the south
faxseed raised in the neighborhood to keep
il running great part Of the year. As the
domestic manufactures were introduced. and
a market thereby afforded for the farmers
produce, he gradually adopted the cotton
fabric instead of the linen and at this pres
cnt time SO general is its use, that it is doubt.
ful il all New England would afford flaxsecd
sufficient to keep ono oil mill in full opera.
ton. The southera planter is apt to under.
rate the value of the home market, but let
that market be destroyed, and let the manu-
facturers and laborers Of New England be
compelled to enter into competition with the
south in rnisng for export, instead Of manu-
featuring cotton-and the price will quickly
be reduced to less than a moety Of its past
value. What has given the value TO the pro-
ducts of the West? In the year 1919. the
writer spent the summer IN Cincinnati, ~ the
State Of Ohio. There was then scarcely any
sale for the farmers produce Of that section
OF the country, at any price. The price OF
corn was l2t cents per bushel, and no con.
siderable quantity could be sold even at that
rate. An acquaintance OF the writer's in
formed him, that he had been out to General
Hurrison's farm at North Bend, on which he
saw rs fine a field Of corn as ever grew
consisting Of nearly or quite one hundred
bcres. lie was Nruck with its fine appear
snce, and was lndnlgipg in gross estimate
Of It's value, when General Harrison observed
that he should have the ,choie field upon con-
dition Of his paying his family's shoe tH for
one year remarkiDg at the same time that
there was no sale whatever for the crop, and
il would not even pay for harvesting. The
writer remembers staying all night at far
mer's house on the rood between Columbus
and Cleveland. This farmer stated that the
nominal price Of his corn was l2l cents per
bushcl, at which price lie could sell but little,
while he gave three dollars per bushel for his
salt. which he not only had to purchase for
his fomily's use, but also to give his cattle
To remedy this evil. our "penny wise and
pound foolish" present rulers, would no doubt
60 to war with the duties. But stay mo-
ment, and see what has been the effect Of the
"faise system as regards this farmer. The
writer well remembers ordinary brown cotton
shIrting was then retailing at Cincinnati for
three eleven penny bits, or 37A cts. per yard,
and it was probably rs high If not higher in
the country. This farmer at that time gave
IL bushels Of corn for one bushc of salt, and
three bushels of corn for one yard Of shirting.
tie probably used for his family and cattle
ten bushels Of salt q year, which required 240
could sell his corn. The full employment of
the labor of the middle, northern and eastern
states, has as before shewn, enabled the peo
pie to consume four times the products Of the
farmers Of the west, as formerly, for which
they pay him in a manufactured article at u
fraction Of its former cost. In the mean time
the canals, rail roads and ether facilities
grown out Of the "false system" have so re-
duced The cost Of lransportation-thereby
raising the price Of the produce in the same
proportion as it lessons the cost Of the sea-
board articles, that the farmer has until very
lately probably sold his corn for fifty cents
per bushel, and has given not over IS cts. per
bushcl for his salt thus showing that in the
simple article Of salt alone, he gains as fol.
lows
Formerly 10 bushels Of salt at SO
per bushel cost $50, 90
Requiring 240 bushels Of corn at
lai cts. to pay $4,000
Under Mr. Van Buren's false
system, the farmer has received
for 240 bushels of corn, Tor the
same in pork fattsd from it,) at
so cts. Sl20
lie pays for 10 bushes salt at rs cts. $50
sIIo5O