The Evansville journal. (Evansville, Ind.) 1834-184?, 1844-02-08
EVANSVILLE INDIANA. THURSDAY, FEBRUARY s, 1914

fauhed, every institution, and every undertake
ling, is abused and assailed. Popularity Sc
cured, and victory obtained, locofocoism
runs mad, in riot, and corruption. For the
truth of this assertion we boldly appeal to its
history.
Why was the Bank of the United States
assaulted, and the hard-money cry raised in
the Land?
In part to crafty the passions of the Pres
Eident, but more from necessiy"to be doingn
10 obtain popularity. Look back fellow cit
liens TO 1880. Tae country was prosperous
lis currency was safe, cheap and regular
It's trade was profitable and increasing. Its
lpeople were conienied and happy. Its Gov
eminent bad done forit all that was necessa-
lry, and the favorite of the people, and his
friends. were intrusted with its Offices. One
thing only was necessary, ITO let well enough,
alone.n That could not be. Something
mast Be done, and something pas done.
The currency was attacked, the Bank as
sailed, and quackcry was piled on to quack-
cry, in the effort to remedy the evils success
slvely produced; and corruption added TO
corruption, in the qualification of partizans.
until all the sources of our prosperity were
dried up, and dishonor abroad, and ruin at
home, afflicted the land.
While engaged in putting down the Bank
of the United States, the Party put up the
State Banks. When the Bank was once
down, the Party could not rest Democracy
lis s'rRoeREssivE,'' and so the State Banks
were attacked
The interest of the country required that
our own manufactures should be cherished,
that the laboring and productive population
lof our country should be supported; so
thought Washington, Jefferson and Madison.
General Jackson adyacted Tariff for re-
venue, with view of protection; discrm-
mating tariff. Mr.. Van Buren, voted for the
tariff of 1928, the highest the country
has ger had. And the Wings generally are
in favor ola judicious TARIFF afford revenue
TRY. The spolsmen must oppose the mea-
sures of the Wings, and are now opposed,
not only 10 tariff for protection, but TO tar
| if for revenue witha view to protection, TO a
liudicious tariff. They are for free trade
They are for opening our ports TO the world,
we'll knowing that that same world, will keep
their ports shut against US. In this question
we offer one short argument. Every emf
grant to this country, however ignorant,
Irish or German, English or French, knows,
and knows well, that the price of all kinds of
labor is higher in this country than in Ireland
or Germany, England or France. These
men all knew that labor is more than twice
as dear in this country, as in Europe. Con-
jsequen,ly they knew, that if a. certain manu-
featured article requires for its produc ton
lcertain number of days work, it must cost
twice as much money to make it in Ameri-
ca, as it will in Europe. 1t takes the same
number of days work in each country, and
they cost twice as much here as they~will
Icost there.
So iaat if the foreign manufacturer trading
to our ports, only obtains a price sufficient to
save his expenses, our manufacturer, selling
at the same price, which the laws of trade
will compel him TO do, must lose money
Every man ofintelligence knows that the
value of money is greater in this country
than in Europe. That the raie of interest,
is higher here than in England, Ireland,
France or Germany. Hence we go to Eu-
rope 10 borrow money. Here the ayerage
rlte OF interest is six per cent, and cur citI-
zens are content while they ale not charged
, more. In Europe The average rate ofinter-
Jest is less than three per cent. In England
|, 3, and 81 lin Holland only 2, and q.
Suppose two great manufacturers, one in
/ Europe, and the other in New England
} That they make the some sort of goods, and
J the same quantity year, and send them
when made to New Orleans,for the Western
J market. That each employs the same capi-
tai 100000 per year, and the same number
! of workmen, say fifty, in Europe at twenty
five cents per day, and in New England at
J fifty cents per day,-that the cost of each
for transportation and the expenses ofselling
5 are the same, and that they do sell at the
4