Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1840-04-03
Mr.. DaviS'S Comment.

What do we gather from this ? What is the
obstacle to the success of the manufacturer in the
opinion Of the Senator? What prevents him from
obtaining exclusive possession of our market. and
sharing those Of the world in the sale of his pro.
auctions? 1t is the inflated paper bubble; it is
"bccause we manufacture at the nominal prices of
our own inflated currency, and are compelled 10
sell at the real prices of other nations" Sch, in
his view, is the cause Of our embarrassments and
failure in success. Now, sir, what is the remedy
proposed by the Senator! "Rcduce (,ays Lel onr
nominal to the real standard Of prices through
out the world, and you cover our country with
blessings and benefits" We are to take exclusive
possession OF our own market, and enter those of
the world successfllly-and by what process By
reducing the cost of our goods "to the standard of
prices throughout the world" by bringing wages
down as low as those who manufacture cheapes, ;
for by no other process can we enter the markets
OF the world in successful competition. The Scna-
tor shows us that England is carving on an mn
successful competition, in the manufacture of cut
lery, with Germany, because Of the paper money
OF England. Germany, he alleges, Is a hard money
country, and the cost Of production or wages Is
lower, and she therefore manufactures chcaper.
Now, sir, what Is the standard Of prices through
ont the world? 1t must he standard which will
enable us TO sell as low as others--lo produce as
low as the nation that produces lowest, or we cam
not get the exclusive possession of our own market.
and enter the markets OF the world in successful
tpiipctIlIpH' We iluSl 70 GOWN 10 Inc wages OF
France, Germany, and other countries that produce
lower than our laborerS, or those of England. If
can understand language, the paper bubble is to
he reduced till this result is reached The Senator
says he is for mixed currency, but goes for the
reduction Oft TILL it brings prices to this standard.
OF what consequence is it, Mr. President, whether
1t shall be mixed or unmXed, hard money, or hard
money and paper, if the reduction is to 90 on till
this elect OF coming down to the standard of prices
throughout the world is produced! None what
ever; and yet so confident is the Senator in the
soundneSs of his policy that he exhors the man
ufacturerS to take the corrective into their own
hands, and 10 bring this result about and vet he
complains OF me as representing him as too much
OF hard money man. ] supposed in all this the
Senator looked really TO hard money; but whether
he did or not is of little consequence, as the elect
on labor and business would be the same. | wa,
led to this conclusion, for thought he would MOI
wish to lie understood as viewing one currency a.
most useful to the manufacturers and another TO the
country. If there be confusion in the matter, an
not answerabe for that, Tor replied to such opin.
ions as were advanced. 1t appeared TO me the evi
and the remedy proposed a reduction TO this stan
dard Of prices throughout the world. ! know tn,
Senator has spoke much ofhs friendship for labor.
ers but 1t is his practical views Of policy, hi:
means 10 be employed to secure prosperity, that
examined.
dld not consider the part of his speech from
which he has read, and considers the foundation
Oh unjust remark elsewhere as an important o.
material portion of his reasoning. Such is the
doctrine contained in the printed speech. 1t is he
lore the word, and let them see whether hav,
brought the member nearer 10 being a friend 0
hard money than he brings himself