New-York daily tribune., 1851-09-25

in The Tribune Of the l3th inst, as II is
correctness we're self-evident and ualues-
toned.
Yet no proposition is clearer to our mind
than this-Tle Money Prlce respectively
If ftoo r.yal articles IS rsry far from De-
ternnu1g tier re,Gfipe Cast or Cieapaess.
Let Us admit tlas i Gusts fifty t,ia-s tJ
produce tun Of lion IN Cli4ton County,
while tuu Of equally good Irrn can be ob-
tanned from Europe frr forty co''e-s, -
whom i. the LATER the cheaper lst-,s
To Us it certainly Is not. We never made
and never expect to make polnd ot lron-
we have boush, aui used many tlns o., 1t.
Now We know right well tnat we can b=tter
afford to pay fifty dollars per t1n for OUT
Iron, ana nave it made 10 this country, BY
men who receive American wages for their
labor. and thus are enabled aad lncllned to
take and pay for our paper among others.
than we can afford to pay fifty dollars for
British Iron, made by men who never take
our paper and who are SO meagerly paid that
they seldom take papers at all. Nay, more 4:
We know that we can better adori to pay
fifty dollars per tun for American Iron than
to pay forty dollars for that same American
made Iron ii the cheapening of It's price IN
wolves the reduction of the lron-maker'S :
wages 50 that he feels obliged 70 keep his
children out of school and stop his news
paper. Genuine cheapness, therefore, Is not
absolute but relative, and involves many
considerations which do not appear on the
face Of the Price Current
Lotus look further at the Iron aspect of
tbs important question. Our country
needs certain amount of Iron-we VIII
say One Million Tuns per annum-and ad-
nit for arguments sake that the whole
could be obtained from Europe for Thirty
Millions of Dollars, while IT. money cost,
if produced at home, would be Forty Nil
hons. Why, then, asks Free Trader,
should we not save Ten Millions a year by
buy ing our Iron abroad rather than make 1t
at home2 We answer:
l. Because Il roud rcqure more of our
Labor or us Products 10 pay for the
Foreign Iron no,n.naVy costing Thirty
Millions titan the tome mads Iron cGl-
ued in nancy at Forty Millions. The
actual, substantial payment would IN either
case be made not in Money but in Pro-
duets; and the Thitty Millions sent abroad
would have to be paid almost wholly
il Grain, Meat, Cotton, Tojacco and . few
great Agricultural staples, necessarily IN
creasing the amount and diminishing the
prices of our Exports while the Forty Nil
lions spent at home would be paid In a
thousand articles far easier Of production
than those staples The farmer would pay
bv supplying his manufacturing neighborS
with Wood, Charcoal, Fruit, Vegetables.
&C., for which he could realize hardly any
thing so long as his neighbors were all
farmers Ike himself, wishing to sell such
products rather than buy them. The plo-
fessicnal man would pay for his iron (di-
rectly or Indirectly in services, the miner
in Coal, the publisher In Newspapers, for
which Europe would afford him no market
no matter where his Iron came from and
thus its real cost white homemade would
be far less than if imported, though lis nom
lnal price would be higher
>. To state the same truth in another
foIm-There would be an actual Sqrmg of
Later in employing cur own people IN max
ing Iron rather than buying 1t abroad and
exporting Wheat, Pork and Cotton to pay
forit. Suppose tun of certain quality
Of Iron to require fifty days labor for It's
production, including the mining of oar and
coal. erecting furnace, smelling, hammer
ING. &c OF course, while mechanical n
Dor averages a dollar per day here and less
than half dollar in Europe, the imported
Iron, other things being equal, will sell for
fewer dollars than the American. But the
real cost In either case Is the amount of
Labor required to produce the Iron; and so
long as ours is made in Europe, there must
be, in addition to the lron-makers in Europe
and the men growing Grain or Stock in our
Western States 10 pay for the Iron, nearly
equal number engaged in transporting the
food to the Iron makers and bringing back
tie Iron. But tlet our Tariff be 50 raised as
to Justify and Insure the making of the lion
on the Ohio at American wages, and now
the farmer sells his produce directly to the
uon-makeT, and the heavy cost OF shipping
it to Europe and bringing home the metal
is saved to the community. \ definite