New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-07-30
FROM WASHINGTON.
Prseee dipgs inthe Senate on saturday-Kquit-
ssIe Csmmcrce-The Cash Princlpie-Jo-
sanh Warren.

WAsWSeror Saturday JulyH'
The Senate met this morning according TO aa-
oyrnment Mr.. EWING presented his credentials,
ooh the oath Of office, and selected his seat The
kiends Of the Compromise looked grum, the oppo-
nents Of Il looked cheerful and happy.
Ar. DoUGLAs introduced a resolution TO make
g the previous question" one Of the rules OF the
esnate, which resolution lays over, az mater oil
course Mr.. ATcHissoS, in the vigor OF his oppo-
sison to the purpose Of it, moved to lay it on the
liable, to which the President of the Senate replied
hat il was already on the table. He then moved
% po.tpone it indefinitely to which the President
rsplied that il was not now under confederation
vbereupon Mr.. AIcHISsoE held his peace.
A message from the House then announced the
death of Mr.. king, and after the reading OF
speech by Mr.. DAVIS Of Mass on the occasion, the
Senate adjourned.
Proceedings In the Senate being thus summary
I shaIl OH the remainder Of my space with notice
sso.ber matters which, to my thinking, are Of more
importance than any temporary or temporising le-
eisa,ion whatsoever. In your leading article 10
rae Tribune Of Wednesday lsst on the Labor
Movements in New York, you say with entire
truth
-E.tshlsh to- morrow ample and fair Scale OF Prices
-, "a ,bs oronsry mutations OF Business would suffice
70 undermine and esce nearly the whole NO reform IN
q, system 10 The and enduring remedy for The wrongs
sod Expressions Of Labor by Capital And his nus ney
ass sp az true Ssroism Ana msny because the TIsde
sTsspzsons OF 1850 tend 70 and prepare Tor os-no mat
ser bow ACKNOWLEDGEMENTS regard ihem with appro-
Baton and lively hope"
Isuote this paragraph, because there il in it the
admission that to discover and reveal the appropr
ate method by which the laboring classes can step
oat from under the Wages system, and place them
selves above that system is the appropriate work
of genius, among other elements which you emu
merase.
The knowledge on the part OF the laboring classes
orhei friends, that they are under anoPpressve ana
exh.usting system Of the relations ofcaPita andl
kor does not amount to knowledge OF the true sys
tenn. into which, when knowD 1t snoulo DC LhYn
object To bring themselves as raPioy as Possioo
TO discover that true system, by hny IF eI
sSsn hv long years perhaps long generations Oh isr
s.c;on: and exhausting experiments, must DC lee
work of genius, oftEe science Oh aIu loi
hitch the boring classes are speclahy os quSlheu
= hnst of objections and inquiries III one purchaser
values an article more highly man aooInef' py
,-hst nrnciple will he be prevented from Offering
= s;gber price How is the amount OF labor be-
80 al On one article TO be ascertained! How 10
!" nrssible 20 measure the relative painulness or
,.pngnance Of labor What allowance is 70 be
rasde for superior skill or natural capacity how
n
.,s the questions of INTEREST," What is the nature
II the practical experiments which have already
been made7 &c. DC.
With some misgivings as to the prudence OF as
eating such faith, will state my conviction that
.urb pripcple has been discovered and 10 nowln
sSs ,osseason Of a small number OF persons who
nave been engaged in practically testing IT, until
N regulating and wealth producing effects nave
been sufficiently, though not as yet aoundanty
demonstrated. ....
jos,AH WARREN, formerly Of Cincinnati, more
recently Of New. Harmony, la. now in this city, Is,
TrsI;sya ;pstlv entitled to be considered the dis
.cvsrsy Of the principle to which refer, along
v;,h several Others whom he deems essential TO
the rectfcation Of the social evils OF the existing
state Of society. #, IN
The principle itself is one which wnl probably
not strike YOU when FIRST stated as either very pro-
Sovnd. very practicable in its application very I'M
portant in lie consequences, and perhaps not even
A. equitable In itself 1t requires thought 10 be De
slowed on each Of these points. You VIII mo,
however, a. you subject it to analysis as you trace
Il into its ten thousand different apphcations, 70
evpeuhp. TO rent to wages, DC &C that II places
m huma transactions relating to properly upon
tnav basis of exact is has the the per
eosly simple but allpervading character oil uni'
versal principle. , ..
nt The or;ncine in operation ia distinct one. and
snIv needs 10 be explained after the principle itse
4. ynder.tood. Ihave already observed that II ha'
keep and is now being practically tested with en-
The principle put into q formula is thus stated
s(Iosr rs rHI LENT OF PRICE"
The counter principle upon which ell ownership
4. .ov maintained, aud all commerce transacted IN
the world is that "Value id the limit OF price,, oil
A. the principle is generally stated In the cant Ian
gusee Of trade "a thing is worth whatit will bring
fetxeen these two principles 30 similar that the
difference In the statement will hardly attract q
moments attention unless it were specially insisted
MOON. lies the essential difference between the
whole ,ystem Of civilized canabalism by which the
masses Of human beings are mercilessiy ground e
powder for the accumulation OF the wealth OF the
law and the reign of equity, the just remuneration
sflabor, and the Independence and elevanonoi the
, wakingmAn.
There 10 nothing apparently more innocent
harmless and equitable, in the world, than th'
, statement that "a thing should bring what IL Il
worth" and yet that statement covers the mos
sabsle fsllacy which it has ever been given TO hu
man genius to detect and exPose-a falscy NOR
fruitful Of evil than any other which the human in
tenect has ever been beclouded by.
8, Value has nothing whatever to do, upon scenti
&c principles, Is demonstrated by Mr. WARES
with setshng the price at which any article OF pre-
perty should be sold. Cost is the only equitabl
limit and by coat 10 meant the amount Of labor be
slowed on it, production, that measure being agai
uessured by the patnfslness or repugnance Of tn
labor itself-which point 10 the only one sppropr
ately left to bargain or agreement between the pa
ties
and determines him whether he viii give Il
amount Of the cost or not
Now this statement, which Is ali can make
q sinsle communication, 10 calculated to raise p'
Josad fundamental inVeshgatton, or whstev
other name you choose 70 bestow upoA that iscal
md that process by which elementary truths q
evolved by contemplating the nature OF subec
III some profound philosopher whose high Q
thority could command universal belief, were
atep forward and announce the discovery Of sor
shnple principle, which, II adopted in trade
h.siness, would determine with arithmeticsl o.
scrtsiuty, the equitable price to be charged
~-srx articla sold and for every species Of prop,