New-York daily tribune., 1842-11-30
Protection, Labor and Currency.

Projection, LuDOr and currency.
"TARIrF AND WAGgS-The Tribune that ad-
donsi protection is by he lae Tariff given the par
1iculsr commodities produced at Lowell
U With these lines the Morning Post Of yes
terday commences tolerably long article, all In
the same VEIN 1t is unaccountable that we can
not state the simplest proposition SO as to be un-
derstood by that paper. We pretend to some
knowledge of English-at least, of its rudiments-
and we said a, plainly as we knew how, that
though tie Projection TO the commodities man
ufactured at LoweH had been increased by the
Neso Tariff, the PRICE Of those commodities had
not ADVANCED The substance of this proposition
we have put forth, and substantiated, and argued
from, some fifty times since the Tariff was raised.
We hope the public will see the drift of our argu-
raents, though they have been lost the Post.
That paper will have it that assert that no ad
ditional Protection has been given to Manufac-
lures, and therefore their price has not increased
Our position is almost the reverse of this.
But the Post undertakes to instruct us in the
A B Cs of Political Economy, and with a most
pedagogical flourish Of the ferue, compassionately
ministers to our ignorance, as follows:
"Let The Tribune, however fellow out the idea il has
and it will fad that there Tar more effective and ar
less obectionabe mode Of potsctng manufactures ,na
turer wants. high prices steady prices, and
certain payment What the operative wants. Is not high
OF money wages but seuy employment and an ade
quaie reward Tor his labor Its Of little moment TO him
what the his money is other things are In
proportion. Under sound currency and credit system
both the master manufacturers and the operative. would De
prosperous Under the paper money system It imposs
business advantage, although both commercial aud
agricultural labor is at present, be heavily taxed
for their apparent beneht"
r. = e u.
reply:
1. The necessity for Protection TO American
Industry existed and 'oas heenly felt By our Peo.
pie sohen zoe had little or no Paper Money in the
land 1t deeply felt and realized from the
close of the Revolutionary War TO the adoption OF
the Federal Constitution, and was one of the main
causes-we think the principal cause-ot that
adoption Csee Fisher Ames's Speeches, Hamil.
tons Report, and the memorials to the first Con-
gress under the Constitution Of the Mechanics OF
New-York, Boston, Baltimore, etc. There was
no Paper Money Of any practical account then bui
pslpable, pressing necessity for Protection. So
in 1901; our Currency was not expanded, was
not Auctuating and yet deep necessity tor pro-
lection wa. felt and manifested.
q.
what Loco. Focoism will never give us. We have
tried all its devices-6rst great State Banks. Gov
ernmen. Dcposites distributed as widely posi-
Bile, and Paper Money without stint; next, the
Specie Circular, suppression of Small Bills, &c.
last the Sub-Treasury and Hard Money preached
up and voted for by State after State shielding 's
own Banks in enormous expansion, outrageous de-
probation, and ntcrmnable suspension and by
cite. which infected the very air with the viles,
and most baseless Shinplasters. If we had al
lowed this lack-e'-lantern to lead the Country till
doomsday, we should never have had, practically
Sound Currency and Credit System, but any
quantity Of talk about it. If we can only get back
to as Sound and benehcent Currency we had
when these experiments were begun, with as much
immunity from expanso and contraclions :
the Country enjoyed from 1920 to 1882 under the
plotage of National Bank shall heartily
loice and then begin to lay the foundation OF
Conservative in lieu of Destructive Reforms. T."
hope for Sound Currency, while twenty-six
States have severaly the unchecked making of it,
or for steady employment and fair wages for
American Labor. while all the Nations of the
world may interfere with and subvert them a
their interest, i'll will caprice shall dictate
appears to US extremely preposterous.
The Post will of course 60 on asserting that
Agriculture is taxed for the bene6. of Manufac
tures, regardless of all the proof we may offer Of
the contrary. No matter. AS to evelng up
the prices of many descriptions of Labor, we
think the prices it now commands are Fictitious
and below to its true value, as we'll as unequal ;
and we think it better for all classes that can-
mon ground should be attained by increasing the
prices which are lowest instead of reducing those
which still cling to the standards of former years
busit the Currency remain restricted now, and
the prospect of Repeal os the Tariff continue.
10 frghten and deter those who would otherwise
engage in building for and extending our Manu-
i1c'aring Industry. we know some descriptions OF
wages must be reduced, and no general Improve.
ment can De hoped for. This we deeply depore
w Aooat the most sickish dose with which ,be
pubic stomach Is nauseated sow-adays is ths, s,e.
reoyped halt-columa puff of John Tyler which ;s
reproduced as an Editorial in The Sua, once d
fortnight, laudng his integrity, Independents. mn.
so6shness, &c. &c. Why, man, the public know,
you have the Government advertisements ,,6 ,bs
largest slice of the official job-work in this c;,v
why can't yoa enjoy your spois' in peace2 Are
you obliged 10 blazon your sale seni,mon,hlyl II
SO, the profit hardly covers the shame even to The
Sun.
~ A young man named Francis Jackson a,
Gardner, Mass. shot himself few days since with
1al ~, b,lle pa hol has