The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-21
OPPOSITE THE CITY OF MArAMoRAs.
suit Of an extended manufacturing system, would
bring the artice to the lowest price at which it could

suit Of extended manufacturing system, would soon
bring the frtice to the lowest price at which it could
In this country millions already invested and
employed in the various manufacturing pursuits. BY
well directed efforts Of capital and skill the country has
tured articles Of better quality and mainly at Cheaper
rates than has before been the the average
ssa our hd
agricultural produce to the extent Of the wants Of all
the persons employed in manufacturing pursuits Will
1t stimulate the industry Of country, the
rewards Of labor to the hands that earn them by
adopting such course Of legislation will sacrifice
those millions and turn these thousands out of employ
ment Certainly not Tor in exact proportion men
are made sure in the rewards Of honest and useful Ia
% az ans p9
ed of their just rewards they become discouraged vi
cious and desperate course Of policy that will give
the greatest stability to tho operations Of trade and
cite tho swsst aPprehensions of coming distress and
pressure viii best promote the substantial interests Of
the only means that seem practicable to effect this OBJ
ject
the subrcasury and that its action upon the currency
should be made gradual by the collection Of twenty per
amount should be collected in gold and silver.
Secondly would recommend that the changes in the
tariff should also be made to take effect gradually and
that duties should be Of specific nature and not
the advalorem basis because the latter allows persons
devoid Of honesty to resort to fraud and break down
every merchant who may pursue honorable business
because it subjects the revenue constant change in
amount just the prices of imported articles rise and
fall the revenue being least when the government needs
il most And finally, because, when the prices high
and the manufacturer needs protection it affords him
protection Of the ampes kind but when prices low
and the manufacturer must ever shield himself under
the tariff, but very slight protection is afforded. This
will be made apparent by referring to list OF prices of
any one leading article Tor some ba * The price
Jew IN Banks Co, of Liverpool, has nuciuated from
eighteen months, from f7 to Ell. What protection
would an advslorem duty have afforded in ls43 when
the English seeking market at any prce7 II must
have produced the immediate stoppage Of every rolling
mill in this country. The facts would be shown
by referring to any other leading article would sug-
gest therefore, the proper course that the govern
ment should ascertain as may be practicable
as accurately possible, what articles paying du
~ injurious to the best interests OF our country and that
the excess of duties imposed in specific form on
those articles be gradually reduced say 20 per per
annum, until the whole amount collected by the opera
ton of the tariff be barely sufficient meet the
of economical administration of the government We
should thus gradually arrive at tariff based upon a
venue standard, and at the time afford protection
to the manufacturer in such way that he could DO rea
dy for each change in the tariff until reaches the re-
1hirdlyThe sub.treasury should be made to take eff
feet at least before any change OF the tariff
the currency under its influence and prevent the banks
and Of the present administration from produc
ing panic by operating on the tears and affecting the
interests of the community to such extent that 1t
might result in change of administration and bring
again into power those whose favorite idols nation
al bank, high tariff and inflated currency with all their
terrific power for mischief fertilizng the rich mans
field with the sweat Of the poor mans brow.
should hardly have ventured to obtrude my views
these subjects upon your attention. although they
the results Of the experience Of than forty years
necessarily devoted TO mechanical and mercantile pur-
suits, were deeply impressed with the conviction
that the mastery policy skeched out by the
Of Great Britain will render the action of the present
Congress- the great questions of the currency and
the tariff deeply raught with good evil to the
best interests of the country than at period within
In all the changes which the wisdom of our Congress
shall see at to adopt the proposed changes in the COM
mercial policy OF Great Britain should be kept strictly in
view That government finds that by reason of past
strains its has its bread for 30
years at 50 per barrel and that by radical change Of its
own policy the price may be reduced to So per barrel
thereby widening its Market already nearly
tensve with the world and becoming in market
more formidable competitor, in the proportion as
its broad is made cheaper. win then for this
government, at this moment, to aid the already
grown capital of Great Britain. break down the
existence and force those operatives at engaged
In manufactures into composition with the agricultural
producers instead Of being the of the results
of the labor Of the latter
No more ardently desires free and Unrestricted
interchange Of commodities between the two countries
than myself, and firmly and hopefully be-
eves that the day will when the ports Of both
Uo hs DC every nag ina. s
spicious action of the Senate the Oregon question 10
well calculated to for ward but in cndeavorng to effect
TINS desirable object we should not bludly and hastily
uproot the very sysem which have for years been
endssvorng to encourage; but the change should be
ment Of internal resources the application of our
water powers to the purposes for which prepared
men, tnc requirement of tho requisite skill and the
vemenf the necsssary capital carry ON our manu-
features successfully Our fellow citizens would then
that the just rewards of ingenuity and AZ wo1d be Sc
cured to ndydga, and the good and great
try the precursor and harbinger of better humanity
throughout the world would chesred and encouraged
with the conviction that after seventy years Of nds.
both the people of the United states and THAR
still looking to the only objects wor
thy Of liberal governmen-the best interests of all
GLASSES In common country and the onward progress
Of free principles
have the honor TO be,
Very respectfully,
Your obedient servant
PETER COOPER.