New-York daily tribune., 1844-07-30

/, which in our country from the expansion OF our
paper currency, would c,st hundred collars.
" ia; is the consequence ihc foreign french OF
German manufacturer imports tals clo'h INTO out
country, and sella ii for = hundred dollars: D7s'
cot every person perceive that the REDUNDANCY oi
our currency is equal 10 Il premium o! one hundIso
per cent. in favor OF the foreign manufacturer HO
iar.fE O. protection, unless j amounted 10 proEln!uoh
ccad counterac, this advantage j. favor OF iorsisi
would 10 Heaven that couid
arouse the attention ut every manufacturer ol 'he
nation TO this important subject.
The foreign manufactured will not rsceive our
bank notes in payment. He will take nothing nome
except gold and silver, or bills e exchange, "hcii
are equivalent. tie does BOT eXpeEd ,E!s fnonet
here v here he would be compelled 10 support his
family and to purchase his labor end inateTs4s n
the same rate Of prices which he receives Tor hi-
manufactures. On tie contrary, he goes home, pHF-
chases his LABOR, his WOOL, and all otsr ef'!cie7
which enter into his manufacture, et hall tnef cos'
IN this counlsy, and again returns 10 inundae u
with lorsn wooeaS, and 70 ruin ouf doIDesiic man
uactures nigh, ciie many oiisr c1amp!cs, o''
this trust, will be sufficient TO draw pubic di'eh-
ion 10 the subject. This depreciation oi cur cur
.ency is therefore, equivalent 10 direct pToteciloh
granted 10 The foreign Inc domestic msnuieciG
Ier. II Is impossible that ou! manufacturers shou!o
be able 10 sustain such an unequal competition.
.'Sir, | soemn!y believe that II we could out re-
dnce this inflated paper bubble 10 any thing Ike res
the most prosperous manufacturing country That the
sun ever shoue upon. Way cannot we manufacture
goods, and especially cotton goods, which Will go
nio successful competition witn British u!anuiac-
lures in foreign markets Have we no; the necessary
capital? Have not the industry Have We no'
The machinery hnd above all! are not our skii' l.,
energy and rnte-frse proveIbial throughout the
world? Land is also cheaper here Than IN eny o'her
country on the face OF the earth. We possess every
advantage which Providence can bestow upon US 'of
the manufacturc cf cotton; but they are al conii-
leracied hy the folly o! The IA" material
costs less inan it does The English, because ihs
article the pr;ce ofwhch depends upon ioIeisn
markets, and is not regulated by our own inflated
currency. We, therefore, save the irelgh; o the
cotton the Atlantic and that OF the manuiac-
tured article It's rrIurn here Nndt 10 lic reason
tiiar with all these advantages and with the proec
ave duties which cur laws afford 10 the domestic
manufacturer OF cotton, we cannot obtain exclusive
possession OF the home n'dinet and successfully
ontsud for HE markets OF the world II is simply
because manufacture al the nominal prices oi
own Inflated currency, and are compelled 10 sell
II the real prices OF other nations. Reduce our
tomiR0i 10 he reai St0alari Ol prices throughout
me T0rld and you cOrer our country ruth blessings
md benefts. | wish 10 Heaven | could speak III
voice loud enough to be heard hroUghout New Eng
and because, il the attention OF the manufacturers
could Cncc be directed 10 the subject, heIr own in
icgencc and naive segacity would teach them
bankirg and credit system aud would enable them
to apply ,tc proper corrective"
ReaGcr You understand this True, hir
Buchanan talks very gngctly here, but no man
can fail 10 see through his guarded terms. What
IS Il that is to commend this Hard Money policy
to the Maau uiacturerg. So that they can flourish
under i, without Protection, and DEFY Foreign
competition? Hs,o are we TO make for fifty dol
ars the cloth which row costs Il hundred? Do
gou know any way this can be done without cut
linz down the price of the Wool, the wages OF
Labor, Sc SC a, least onc.half If you do,
tell us, for we Go moi, and Mr.. Buchanan does
not enlightcn us. Read him carefully.
-'Wcl" says Free Trader If the Wages
of Labor, the price Of Wool, &c are reduced one
half, The total cost Of living must fall in proper
lion, and then it VIII be Just as broad as it is
long.'-Yes, sir we quite understend that yqV
Aiak 50. But this IS Just The ground on which
Mr. Davis met Mr. buchanan and demolished
hin. Mr.. Davis proved that this would not be
the case. lie showed up tie Hard Money, Low
Wages policy so thoroughly that no one has
sacc cared to place himself distinctly NIr. Bu-
cbanans ground. Wherever Mr.. Devis's Speech
has been read, there the true Wing ground on the
points therein canvasscd has needed no farther
defence. The argument is exhausted.
"A word, in closing, TO the Newark canorcrs
against Mr.. Van Wagner. Al the head of these
stands Mr.. S. q. Arnold, Editor of the Post,
whom VIC have known and battlad years ago on
the Tariff Question. He was always thorough,
uncompromising Free Trader TIL he went to
Newark short time ago-not particeo of Incl
dental Or any other juggle about him. He was
Just as thorough for Free Trade as we were and
are for Protection, and there is no half way about
that. And now, when we find HIM pretending
to the Mechanics of Newark that he too is for
some sort of Protection, and Poik (who Just
such another birdl is also for Protection, how
can we give him credit for manlness or sincerity
We wish to live in charity and peace with all
men; but really the way in which the Loco
Focos Of the North treat this Tariff question
compels US to say some things which VIC heartily
wish we could in justice TO truth leave unsaid.-
Do they mean to put the questions at issue fairly
before the People? Ifthcy DO, we are grossly in
error.