The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-12-25

~ 4. .ss8A.. - .
portion So%s
land a, his moment derives large portion d her power @
sa oS own o and % o h saa . ss
shall have transferred % this country The great centres
tual power ''''
a eoa soog harbo srsa, Internal "
people unsurpassed IL maritime skin and enterprise.
,h du s1un AZ iec lousaad million aolaIs Will ON
average exports hundred and millions
together two hundred and nineeea millions exclusive Of soS
and silver and e foreign so%oss imported ana ssspd
Of wealth II Great britain and Iceland al between so hoa
sda @ ses oua ~ % ss,sen Ise and four hundred
ons %s sna ss aaa o % so" ANNUALLY 's a
twenty millions, Exclusive q silver and
were brought down 10 our scale upon his would be ne
SussS s9s hSna a9s aoa a ma ours
ioqr millions ... $50. ,.,1 .. ,
nlon and our population az tweniyons millions te loreirs
ea trade We're no greater ssn ours n opooa popuaon
would be reduced from x hundred aud twenty 20 three hundred
q opan,on ~ sor Il %"a Be swsd Il aaoaa, from %
saaH sas,s e ne s,n difference , ! e p found = tie
he form Ia which Il Il ready Tor anai. Is Il lhs
IL higiesi value and her nake, i aaos,
All hsto shows thai where are the workshop. Of Die VERDI te
ny. s 3 ne NJ w y a.s md s ts a g s 4
would sy crop a ss ~
Materials depend upon question whether have
dassly n n s \ .. IN s M \
he myorae g Sdsesoa m @ sy b
Abundance necessary
cheney The aDoers viii chose q oler countries.
may be ihls classed- W H9.11 ss5 '9s9 3
j. wan, 4 capital "a, !, I'M,
tries nm. ~ W, 5I7r A .s's 9gs3a MA 5ys1, Al
Insecurity by exposure OF and
competition my ., . -, \. !. /,
eved be abundant, among ourselves or any purpose 70 which
countries, capital ercfre
~ a yss ma FOR ~ oaab aI XVIII
flow in whenever required as has always heretofore donel from
capital required large
Mos o il England and Wales in iss has BEEN es
AZ less than hundred millions q dollars The annual
a. The difference between the Of labor here and In Great
BY wages The difference
has been estimated a. a. average q thirty me Pc, cent socs
IRON, certainly much greater Thi.
foreign placed sas assss. some s.ssa.
addition, pressed Sy heavy The
element This includes e greater capacity lo acquiring skill me
energy and winch
u VIII. me foreign .so.sr ss,'s. FED
capital annually from his to invest that
capital II the enterprise y whs hs labor y
i which, through sood
better than is CANNOT be doubted Thar
The exreh. q which they towards eompsasaag The
difference the price Of labor IL ~ difficult define The een
ubore In Of me New England fe,oIes, me la
invest their earnings in the stock OF
company by which they epIoyed ns stimulated
psecd that this system vii, Be Introduced a.o Other bScSss in
which found practicable, tending does powerfully
elevate liz aboref increase roduco mud practically instruct
labor at.a4 tf2 Ht1-A'1
3D. Capital flows freely az home and abroad In every productive
channel - which can now sh aa WIN s ~ ssa ma
himself Others % whom he as conhded man
But he knows that skill industry and economy cannot
avail h and a IN addition 70 NJ e contingencies OF nvay and
markets. he Is 10 be further exposed dangers arising o causes
quite beyond his control OF COMMUNICATION he viii hold back The
vaciaons which have occurred 10 our policy have no doubt dete
The o1eed day aud the u which
hxed have been ae which are exposed 70 los by M
Andth insecurity resulting rom the repetition
such acts mas been seriously aetnnrniai 90
4 Inc nucna,ons IN inc foreign MARKET nave of many year
oeen suc a. sem 70 aen1.s an anu ssa, ~ su
ness Ihey are no, IN s natural sous o. mnoesoms M Trade
Of ch change also eynced me efforts now making
other important branches o. industry The coluuou o. new esab
iishmen,s with very large ones already existence abroad and
nuon The capital hxed IN marincr furnaces Se cannot
changed and the work OF production WIN NOT cease until u Pce
shall nave been reduced ~ very e asove me eo' " ns
labor viii be margin for reduction the sacrifice Of
part Of the p,ont great accumulation + "a hand q e
avai Of the business o. former years s owaef may md his an
for white 10 sell his COMMODITY a. less ian the actual cost
qaeni ea-,l ssan
This known necessity OF The position Of foreign manuiactns
tends discourage new well 20 defeat the successful
influence OF unAvofabie
which, long they coniinue, greatly reiafd advance
ment limit our foreign aud e due poee DIN
material manufactured arcier,l which foreign nations