Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-11-07

the degrading condition OF servtude 10 which tie
Q tailoring man is Obliged to submit, and the hope.
Z less prospect before him, impel him to change
9 he would otherwise naturally shrink from. lie
comes here 10 the hope that ne may obtain figher
wages, because he believes that one dollar day
ia paper money will enable him to procure more
comforts than twelve pence sterling in metal
d r,oaey will do; because he believes that his gen
g eral condition, aud that OF his family, will be i'm
proved, and that here it will not be necessary for
zy' 1a "3eg his lordly fellow worm ~
s- N To give him leave to toll" t .s
THE Senator from Mississippi, a" said Mr.. Da.
Wis, abiding to the remarks made by Mr.. Walk.
cr ''goes for the abolition Of paper. The guam.
,ty or specie in the country is not supposed to
exceed 3s00O0O00 the President puts it al
sS5, 000, 00J. This, he argues, toould ensure a
great reduction Of ,cages, and of the value oil
properly, which, he insists, tcW be beneficial.
The Senator from Missouri (Mr Benton) is also
f0s metal alone, and these gentlemen have be.
slowed the higF est enconiiuns upon the policy OF
hard. money countries. The latter is enchsnted
with the fact that the liolanders have grown
rich, and have become great lenders OF money,
while we are borrowers; and will solve for him
this enigma upon his own principles. lie inn
pu.es It 10 gold. and inlers that we should be
lenders If we had metallic currency only
Who, Mr.. President, are the lenders OF Holland!
Those individuals who have alnasscd millions
who al one time owned most Of this city, and
who can buy up empires with their boundless
wealth, having pro6ted by a state Of things
which made the privileged few rich, while the
laborer, as can prove, gets but his three pence
and four pence day Tnjs is the last policy we
lesire-the last that would be in harmony with
the genius Of our people, or in unison with theu
true interests. 1t is dlffusive wealth that we de.
sire; general prosperity among all; property
scattered every where, atlainabe by all that de.
serve it, and thus invigoratng successful busi.
ness in which all may participate, instead OF
amassing it in the pockets Of a few. We are
borrowers he it So Il is better infinitely bet
ter, to borrow, aud thus diAuse capital 10 excite
industry ami enterprise, than to amaSs it in heaps,
and become lenders 10 nations, with a nation
Of paupers at home"
In recurring 10 the subject Of wages, main.
tain that in those countries where labor receives
the highest reward there are the people most
happy and prosperous The decay OF nations
prosperity is more clearly seen in the misery and
discomfort OF its working population than in any
thing else. If mechanics are well fed, well
clothed, and comfortably situated at home, it is
sure evidence of prosperous country. WHERE
this is not the case. there is something wrong
in the government. or in the institutions under its
authority II is not IN the richest Countries bu
III the most hririag, or in those ,chich are groac
ing rich The fastest, that The ,rdgeS Of labor ar:
highest.
China" says Adam Smith, "has been long
one OF the richest that is, Of the most fertile
best cultivated, most industrious and most popu
lous countries in the world. 1t seems, however
10 have been stationary. The accounts Of al
travellers inconsistent in many other respects
agree 10 the low wages OF labor, and ia the diff
Guilty which laborer finds in bringing up
family in China. If by digging the ground a
whole day he tan get what will purchase small
quantity OF rice in the evening, he is contented
the condition Of nrtf,ers is, if possible, still
worse. Instead Of waiting indoIentIy in then
work houses for the calls Of their customers,
as in Europe, they are continually running
about the streets with the tools Of their respective
,lades, offering theiI services and begging EN-.
poymert. The poverty OF the lower classes in
China far surpasscs that Of the most beggarly
nations in Europe The subsistence which they
find there is so scanty that they arc eager to fish
up the nastiest garbage thrown overheard from
any European ship. Any carrion. the carcase
of dead cog or cat, for example, though hal!
purid and sinking, is as welcome to them the
most wholesome food to the people of other
countries"
The liberal price Of wngns * the natural evidence
Of the increase OF the wealth Of nation. The
misery of the working men is q natHra, symptom
that the Country is not only nta stand but is rap
idly declining in its national wealth and in its re-
sources.
To attempt 10 reduce the price of wages there
fore, by legislation, betrays n wantOn dsrrgar re
not only Of the interests of the labnring man bu
of the country: and that statesman who would seel
20 Gsnsft(i) the labOrng man by reducing the VALUE
Of his labor is enemy tn the best interests Of
society and should be regarded with universal alb
horrente.
The operation Of the financial policy of the Ai
ADMINISTRATION has heen t,oo.fo,d; first, nv reducing
the amount Of business, winch is naturally fOIlOwe,
BY reduction Of wages, and secondly, by agra
waiting and increasing this reduction, in their ct
forts 20 introduce exclusive metallic currency
In the last Of these operations the working mar
finds the evils Of his 81 ultiUn augmented. Il
what particular il has been benefited, | am unable
10 determine.
BY checking the activity Of the circulation o
money, they have brought business TO a stand, di
minIshed the amount Of mechanical employment
and thereby deprived the country Of the wcaltl
which would otherwise have grown ont of Us pro
ductive Industry. IL is impossible to compute the
amount OF national loss consequent upon this iJs
of industry If computed at ALL it would be, not b.
thousands but by millions of d.liars. b. pnltiHl
a stop to all business, the value Of labor has fallen
and this evil the Adminis ration wishes TO perperu
ate, by OyerhrUwing the credit system, and esa0
lisling an exclusive metallic currency. A!raad
the Consequences Of this pJlicy are beginning I
be seriously felt by the mechanic. Empuymen
la N tyD wears has bpan N IA n