The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-05-15


ABOVE Tie prices OF similar articles IN Germany and
frahce, n! particular stages Oh our expansions,
we might WIN justice apply the pIlnceipe which
nave sl'eu 10 our trade win these coun'FIes' and
assert ''ia, rom the great redundancy OF our cur
fehcy' ar,.cies are manufactured IN France and
Neih""y ior ohe-ha'i OF theF actual cost IN inns
co""''s' Lei "c present IN exam PIE In der-
many N"c'c ''e currency Is purely metallic, ana
'.o 1oSt VI oNe'y 'iins Is reauceo 10 nara money
s'""u"."' P'ecr VI pfoadcio'h can be mahuiac-
.'o' 'o' my "o.'"'s INC manufacture oi WHICH,
III ou' 'o""''! 'o'' ''c eNPaisioh OF our paper
.",o"'! "o"'o eos' one hundred doilafS' Nha'
- '''o ''"I.1 Inc i",eish french OF Ner-
man 'a'"'ac'ief imports 'hls con mic our coul-
n.y. "h" sc''s LOT hnhorsd doi'ars' Eoes not
every person. perceive ''i't the redundancy OF our
'".o".l y cq"''' 10 premium OF one hundred per
~ ~ '"N"' VI '''' '"it'sh manufacturer no
.:''' VI p'u',ouon, ""tS' IT amounted 10 pFohl'i-
c"'Gn oo'',' co."eI"'' lhS uuV"h'ase IN iaVor OF
li n''''''''.t"'os' "ou" 10 i'eaNen mat
w" "'.o"so ',u ",'c"''oh o every manufacturer
OF me liluoh 10 ms III p0rtant subject.
The foreign manufactures will not receive our
bank notes in payment lie will take nothing
home except gold and silver, or bis Cf exchange,
which are lis eGuiya'e!s. lie does not spend this
money here, where he would he compelled 10 sup
port his family, and to purchase his labor and ma
tclias At the same rate of prices which he receive,
for his manufactures. On the contrary, he goes
home purchases his labor, his wco aud all other
articles which enter into his n.pIutacture, at half
their cost in this country and again returns TO in
undate Us with foreign wOollens, and to ruin or
domestic manufactures, might cite many other
exam pes but this, ! trust, will be sufficient to
draw public attention 10 the subject. This depre-
ciacd Of our currency is therefore, Gtiyalent TO
| :, Il T., 4
domestic manufacturer. II is impossible that our
manufactures should be able to sustain such an
unequal competition.
Sir, so'cnnly believe that five could but re-
duce this inflated paper bubble to any thing ike
reasonable dimensions, New England would be-
come the most prosperous manufacturing country
that the sun ever shown upon. WHY cannot we
manufacture goods, and especially cotton goods,
which will 90 into successful competition with
tr,h manufacturers in foreign n!ariets' Have
we not the necessary cUpal' Have we not the
industry? Have we not the machinery And
above all, not our skill, cHcrgy, and enterprise,
proyerbal throughout the word' Land is also
cheaper here than in any other country on the face
of the earth. We possess every advantage which
Providence can bcstow upon us for the manaiuc-
rurc Of cotton hut thcy are all contracted by the
folly of man. The raw material costs Us less than
II aces ne ing Ism, because lllS ~ an nrt, Inc
price of which depends upon foreign makcts, and
is no, regulated by our own inflated currency
wc therefore, save the freight of the Gotten across
the Atlantic, and that of the manufactured article
on its return here. What is the reason that with
all these advantages, and with the protective du-
ties, which our uwsalord to the domestic manufac-
turcr Of cotton we cannot obtain exclusive possess
sion of the home market, and successfully contend
for the market Of the world 1t Is simply because
we manufacture at the nominal prices Of our own
inflated currency, and urc compelled 10 sell at the
real p,ires Of other nations. Reduce our nominal
to the real standard Of prices drought the world,
and you cover our country with blessings and ben
Gifts. | wish to Heaven con'd speak in Il voice
loud enough to be heard throughout New England;
because if the attention ofihe manufacturers could
once be directed to the subject, their own mlclli-
gcnre aud native Mgarity would teach thcm how
injuriously they are affected by our bloa,cd bank
ing and credit system, aud would enable them to
Apply the proper conceive,
Whit i the reason that our manufacturers have
n'ch 40 e 10 S"S'''h any 'ot' o' 'onPFiu'1h' eve"
~ Tue ho''e MARKET W"h ',rse VI h'N'n origin
II Is necau'e l"sa"u h''se' Is, 10 S''a' eAVh''
n UIN~psiI,