The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-08
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Should specie continue to ow into this country for the
remainder OF the year the which ii has du
ring tho last five months balance sheet the LIST Of
January 1874 oiH how clear goin of fpenfys
millions Of dollars This is the natural result 2. ,chig po
hey winch checks the excessive importation Of foreign
goods which encourages home production, and thereby
creates the wherewth to sustain large export trade
We wish to place this momentous subject in the simplest
possible form before the mind of the reader and ap
peal TO his candor to il the large agricultural
featuring and commercial firm of Jonathan Co. are not
when taken in the aggregate better and cheaper clothed
housed. and fed at this time lchie laying up
mionsa year gold and silver by their foreign trade
alone, than they were in Sl when instead Of ing up
commercial profit oftwenty Millions they actual
y ran in debt over and above all their exports thirty
millions for foreign gewgaws2 Do not these undeni-
able facts show difference balance OF account in
OF Jonathan Co. under wing policy Of sirtyJor mil
lions
The Locooco policy ran the firm in debt fhiriysepen
millions year. while its authors gloried in the encour
sgement thereby given to foreign industry to the mani.
fest injury Of home labor and home production. To pay
this needless foreign Locofoco debit it has taken than
two dollars worth Of the property of the firm to pay
OF the debt owing the scarcity of sound circulating
medium which fails to oict an individual or ma.
ton that buys than he sells we add the
interest ami cost of collection to the debt OF thirty
miions and to that the sacrifice OF property to
bring it down to its value In gold in foreign markets. s
ter paying duty Cor the support Of foreign Governments
averaging $l2 every sol worth of exports the loss of
the firm cannot be estimated at less than hundred mil
ons nothing of the greater loss from the dleness
and unproducve labor Of large portion Of the part
Under the protective policy instead of selling property
to the amount OF hundred millions foreign debt
oil thirty millions, the firm will be out of debt and
have twenty millions offoreign gold which it will
have paid for this year, and above what has
sumed of foreign proeucts. Hence II will be able put
nine millions than usual into the pocket of the
mercal branch OF the firm nine millions than
al into the pocket Of the branch of the firm
and nine millions than usual into the pocket of the
manufacturing branch OF the great firm of Jonathan Co.
Over twelve millions of dollars of this the figures
the head Of this article demonstrate have already been
divided Its suspicious influence manifest in the build
ing Of many ner and splendid ships at New York and
other sesporsin the INCREASED price Of four pork lard,
and all agricultural products to the joy and much need
ed relief OF the husbandman-and in the astonishing i'm
p,oVemssnt ofsvery Sremea q domestic 'nanuaees ma,
Britain and sold at profit Reader, which is the true
system The freetrade run debt policy of the Locofo.
cos or the keep out ofdebt, moneysarnng money saung
policy of the Wings
We bave talicsed parts of this truly political
claptrap The sage remarks, If enough specie should
come here shall have SAT O00e OO and the tariff will
be the cause OF its coming Suppose don't come and ts
import has already ceasedhe last brought
What will the tariff do about in that case Ever since
| 1882 some particular government has been
charged with all he ills that flesh is heir to-" The
mova of the deposites the pack horse for time
The "repeal of the Bank charter" carried the load
anothar stage, and relieved by the specie circular
which proved good strong nag but gave up in favor
the " Sub Treasury" which relieved by the
"pubc lands" And change is now making "to the
tariff" which being the crtter employ by the party
npower has to carry all the good the others being
cattle Of another color had to all the bad real
or fanced that occurs Tho above article therefore
having got hepanniers this ass proceeds lead
with wing policy which it says destroyed the mporta
ton of goods in exchange for produce Nthen notifies M
readers that the subject will placed before them in
"smples possible form, "and well does keep word
we remember to have seen in print anything
simple. The sat 900 600 that GET he has sez
ed upon commercial profit This profit is suddenly
sweled to $4,000 900. by counting ss7 100000 which
alleged the debt contracted in ls4l The excess of
import of that year S2 100000 OF which So 900
specie. The remainder the proceeds of reghts
earnedby American shipping and profits $i06 600
exports Why these called debts" do not know
but with the same sang oid with which the $27 900
got pockete is assumed that the locofoco
policy contracted debt of S37 900 per Then
follows specuatons about needless debts The s27 900
that have not got is then divided among the different
interests very equably the credit system. That is
they have paper without the reality. The exraor.
binary announcement is then made that ships are
building in New York because the "tari" has prevent.
cd them from bringing home any eghts and from carry
ing abroad any domestic goods than they get the
specie for. The astonishing improvement in domestic
manufactures" is proved by the fact that quantity Of
goods remained in the Boston stores without finding buy
until their prices fell rnnously low that they
sent to England to sell for what they would fetch.
Now what has been the real Of the import of th.
specie Why national bankruptcy and State insolvency
for which party is culpable the other. Wing
influence contracted nearly all of the $3.50 900 State
aud city debts exstng each party has had hand
reputation. Let see how much OF this specie has been
robbed from the creditors The following will show the
interest due for the year ending January lss stocks
held abroad, and net paid, but which formerly ives
annually paid:-