Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1844-09-13

How like you the picture, laboriDg men? Up
on these wages you and your families are expected
TO subsist-you are to board yourselves and your
families, educate your children, and in fine, live as
miserably as you possibly can. In the meanwhile,
your rulers, the oliceholders will live as rulers do
in enlightened dcspousms,' on the very fat of the
landm
In Buchanan's speech on the Sub Treasury bill,
on 22d JAM 1910, containing the specie clause, we
find the following passages. After stating that the
foreign manufacturer would not take our bank
notes in payment, and would take nothing but gold
and silver, or bills of exchange which equiva-
lent, Mr.. b. said
"Sir solemnly believe that if we could but re-
duce this inflated paper bubble to anything like
reasonable dimensions, New England would be-
come the most prosperous manufacturing country
that the sun ever shone on. Why can not we man
uacture goods, and especially cotton goods, which
will 90 into successful competition with British
manufactures in foreign markets? Have we not
the machinery? And, above ALL are not our skill,
energy and enterprise, properbial throughout the
world Land is also cheaper here than i'll any 9TH
er country on the face of the earth. We possess
every advantage which Providence can bestow on
us for the manufacture Of cotton; but they are all
countcracted by the folly Of man. The raw mate
rial costs us less than it does the English, because
this is article the price of which depends upon
foreign markets, and is not regulated by our own
inflated currency. We, therefore, save the freight
OF inc COuOn across the Ataltlc ana That OF the
manufactured article on its return here. What is
the reason, that with all these advantages and with
the protective duties which our laws afford to the
domestic manufacturer of cotton we can not obtain
exclusive possession of the home market, and sue
cesstully contend for the markets Of the world? 1t
is simply because we manufacture at the nominal
prices of our own inflated currency, and are COM
PEELED to sell at the prices of other nations. Re
d,ce our nominal TO the real standard Of prices
throughout The ,oord, and you corer Our country ,uith
blessings and benefits. wish to Heaven could
speak in a voice loud enough to be heard through
out New England because if the attention of the
manufacturers could once be directed to the sub
lect their own intelligence and native sagacity
would teach them how inuriously they are affected
by our bloated banking and credit SYSTEM and
would enable them to apply the proper corrective
Mr.. Polk, it will be recolccted sustained this
Sub-Treasury system, both by his votes and his
speeches and by the banishlnent of paper money,
would have aided in bringing down the wages of
laborers to the standard of the countries quoted
bove. Do our working men want hard nloney on
such terms? Do they want currency which will
give the Office holders decided an advantage
over all other classes of people? If they do, let
them vote for the Sub-Treasury candidates. Their
wages once reduced, they may toll and sweat for
years, before they get back to living standard
of wages. And, understanding this, they will
scarcely be found pursuing such a suicidal course.
Vuginia Free Press.