The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1851-09-09

odt OF which--however chcapIy they may live
I'VE think there cannot be much accumuia.
| ton.
"Money Is scarce in Caliiornia therefore. BE-
cause the labor Of California Is NOT proffably
employed II produces but just enoogb TO
live upon II lays up nothng--accumuIaies
no capital. but exports the whole Of is only
productions for food and clothing. Viii, al
its show of gold, il is a poor State. and rs n
State will coniinne poor, until large portion
offs labor is better beslowed--until At least il
produces i,s own bread and beef and It's own
fuel. Thus IL sppeass that California wages.
on the whole, are eIow--considering the cost Of
living, very iow--aIthough they nre payed 10
gold, about which there is singular and fatal
fascination which draws men from the more
healthy and moro profitable cultivation Of the
| soil sat inaif p la
"Aod we are led away BY the same fsscina.
lion. To get the gold OF Californis, we send
our own productions in almost ultimated quail
ites. Let US follow this trade and see where
IL leads US. The production Of 100000 men
in this county at IS cents day, Is, as we have
shown. 22} millions Of dollars yea. We
take this as the amount Of our export of mo
chandisc TO California. and with thr ireielt
added il will cost us there S33 0OO, 900. 70,
which we may get back gold to the vnIue of
S55,00o 900. The freight must be payed 10
fulI-,here is no deduction On th,t; and the
loss falls on the merchandise, reducing the
81 millions shipped TO l2t returned; reducing
the wages ofour 100 900 Ucn from rs cents to
about 40 cents day. In the mean time
free trade il importing from Europe without
stint. and the mofiient our dear bought gold ar
fiscs il is put 10 requisiion to pay up our debt
to forcigo labor, which has been employed 10
raising wool. mining iron, spioning and weav-
ing OUT own Gotten. and doing various oihei
things for US because il srorks cheap. And
thus we get no more benefit from the gold
than the Calforuian--hc has CONSUMED i's val.
ue before he ge,s 1t. and so have I've. Under
the free trade system we have imported an ex.
ira IS millions, which we pay for 10 Californis
gold ihs, cost US SO millions--in our opinion
a very Improbable operation for all connected
on this side Of the water. In short, our labor,
like the Californisn's, is unproftably employed
lit is barely geuingn living. not creating
wealth and Increasing capital. Then schy
should not money be scarce here as scelt as
taere? fH
There are bur two cases wherein morey is
plenty--when labor is reabng such wages that
il is creating capilal-and when IL is so poorly
paid, and so little demand, that capital is not
required 10 sci il 10 motion. Our labor is now
between those two poipts and has been in that
position for several years. Il cannot rise TO
The first while we inror so largely Of foreign
merchandise and it probably will not sink 10
he last while we can export its productions 10
California, get hail price for them, and cbraio
gold enough TO pretty nearly balance OUT for
eiRn account. While this struggle lasts there
will be ups and downs in the markei--wh
more ups than Gowns--bat we shall see no
real plenty Of money Ill we ere wise enoiIgh To
employ our own labor 10 the best advantage.
or The whole country is paralyzed by free trade.
and capita! becones, a drug Tor Want Of profita-
bic employment. This state Of 'hings may
continue for years-it takes long lime TO
bleed TO death such a county as ours. SO full
Of life and resources--but as the free trade
predictions of plenty" SO literally ,hrown out
for a long time past. have been false, so will
they continue 10 be while the present system
is 10 operation. rr