Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-12-28

ha m individual advance lis interests or promote s
happiness by hoardn. lis money, and constantly adding
q" H. nih"nt applying il ~ The purchase from nhets
ench 'hinas may want! In il!a shnmld soon
r"aiiz" e fable Of Midas starving his golden barqne-
Were Ic immense amounts of gold taken from the mines in
California ra'aiacd at home instead Of being d!usei
throughout tie wot the consequences wGid be most dis
astros fear that il is the large qnan'it
:" god annually added t. circulation from the mines in
California aud Australia produce much i.-chti. Sir
wien first heard e or six years OF The disco
very {" ad III California i ami expressed serious appr.
h.UaioS The results feared that he great influx OF
gold would too much lnfatc the currency oi he country
b"a PRICES and un.ete The transactions of life |. is
great e!cr 10 suppose that il is desirable 10 increase nc
quantities Of moEcv. This cannot be done without dimu.
ishIhg its value. Sir is money have tine ul-
j. io develop my views upon this subject would furnish
theme for protractcd discourse. viii only state that
money in its strict and proper Use and Office Is but token
Or sign {" the claim o the holder upon the community Tor
something earned, received. Wherever the of
money IS known This claim is acknowledged and lis extent
- feh by the qnnuty or conventional value u these
ts"ns Upon universal settlement OF accounts il sncl
thing were possible all the money in the world would be IN
The pnsseSs0n less quantities. u those ~D
w"re :oGt Ia he creditors upon such settlement, or ui
io-e To "h,n they nI@t from ne 10 trne haze assigned
H. Vast additions Oi money. therefore, beyond The amount
ccssay Ia repair he annual losses made 10 The existing
circulation By those who take il with Is labor from lie
mnes, AMI in ruth the creditors oil the community
cannot bat b" sort of injustice 81 the bond fd hG!crs
But the President 20 lear that there Will sDnn bc
CJnneTcia r6ysuntha another Is AT hand Epca
nj friend from South Carolina OR "ooDwARD) express
81 npainn that nothing but the gold mines CalIinr
MIA saved ms from anuic evulslon. Sir gee nothing
10 n>iIy such an apprehension II The official rpisiS afe
correct, rs presume they What does the President
III! his last mrs>.gr1 he says that imports dur
the last amounted S2O7 2i0 l0, which add
The 4n"cic porcd s5 2Gi3 and the total imports
s2t2 %! ~ The exports, exclusive Of sprrr. we're
SA9HOl9ll foreign Inrichandsc rc.cAnnrrd S 2U U26
spsclr, sI2 5e7 ,2s5-makne toal Of s2O9 573,222.
Sir, TIE turns Of he preceding exhibit healthy
uf hirgs. From thrs er css ol the
imports be only 81 929 o22 from which infer that
still large credit In Europe the an4arlions
., N. last year the exports being greatly more nan enough
settle the apparent balance against US.
il be said that although there Is an less OF only
81 g29 522 Imports the exports, this because
iara. proportion OF the exports has hena in 81 ":!c.
II TO The Presidents message, vii find that
exports ol sn"cir have been only S2OyuOUO, and the
imports 81 GOO 000 showing of exports i'm
pors s37 0U0000 which is greatly below the
products the California gold mines. AT this day, accord
ing the official statement Of the President OF the United
State have laer amount of specie in the country
than y had at the commencement OF The fiscal year
have not been able To obtain any accurate statement OF The
prJucts Of the California mines but presume they have
least large tiOse o the mln"s nj Australian
AMI during the last year $50 00000O have been
prrpce from those mines. take il Tor granted therefore,
III $50 0G0 900 have been produced from the mines OF Cali
f,rnil. Wnlt then, do see We have exported only
SS7 9Qu Gn0 while have received from the California
mines $50 UU0U00 leaving large surplus or balance IcnlIn
0 HE country b2yoaI the qnty we had at the begin
nirg ut The year Now, say that we shout! probably
"a been more wholesome condnn il s!l larger
Gautitics Of gold had been away We might not then
rad that expansion o prices which, has produced such
an alteration the relations between debtor ana creditor,
CAUSED much Inconvenience, and even distress,
ulimng mlny al the working classes
Bu this uf imports over exports, appear
nu in Unr official returns il has always been the case
FROM The foundation OF government 10 the present time
nr statistics w show that been apparent
cess Of several hundred millions OF
,t.i,rs The late returns give reason u apirrend
a ~ wna called the blanc. OF trade has been against Us
huing present The past year The value ol The eH
,,rts viii always in the official returns fall below The value
o ttc imports. II has always been aud will ALWAYS
continue There many credits 10 which wc are
tui.lic cancel apparent balances ae ns us but
liYll nave
rI!I G commercial Profits in themselves amount "a
r.,-, r,bl, sriIs Mr. Walker in ona ii his reports
Congress, that The products Of whale fisheries are
nrInd II the list Of lpoia 10 The amount o se'rT4
| millions yearly.
Bnt suppose hal imports did IA. exceed
xpns 1t is The fashion OF the day 10 consider ,hlS
very Of things. Even MI Walker seems I,
n,n The prevailing ii hc one-"r sfehR
a 80 eminent authority with all possible diili
Imposing that the imports Of nation are greatly ABOVE
TIE ,orr=, would be very unhappy condition ol al
Now treating HE subject IN i's moral relations
and lis cnnnexon with good inith and honesty but as
question ol political economy say ha loT lon!
Of years nation receives more than reuTnS-i INT
wealth added TO il exceeds that taken from l-ou synpa
hics would be somewhat Tsapplied we should he"a he
condition. II she should never pay the balance al all W
miuh, excused perhaps for sympathzlng with those nm
fortunate creditors who hnl unSniisfcd demands agans
.r knuw Ill ri pay aud the consequent dc
cne prices occusion Tcn dstress bat am speak
r., t ,e rnfpn of a country that -houli Away, receive
more than II gave IT. indeed such state o things was eve
| snuwn.
Bu, will 90 on with ;he Presidents message He says
ain the SECOND place "a our manufacturing establish
men,s are broken down by competition with foreigners tn
capital invested in lost thousands OF honest and IN
dust fous citizens of employment and TN
-rnaT {" that extent ~ deprived III nome hahet iol "
sale oi his surplus produce"
The President here complains first that thousands OF clti
z"ns cInpiuymen and seconty, that th
loses the home markr-that Is lo say he can ~
longer sell Thing Ia those thousands 0l citizens who ar
| thrown out OF employment
! Now us first head Of complaint, the Presdcn
think that II is the ga object OF civilized socr
70 eve employ labor, without regard 10 s prnduc
!isrness, hut merely Tor the sake OF lis employment
might say in reply that il is Of the objects OF cs'L
ton labor of employment, al least t'npoath!
ana that this is always done when now lahosiVins VI
chine invented. The world generally regards nun hs '
greatest henciactor his species who IN thS way sue
cctds in throwing the largest number OF men oul oi e
| pl,ymcnt Would il be deemed national caamIty II som
person should machine by which one man was IN
abIc TO d., the work uf fifty! We know that every anci
machine hou first effect is deprive OF employ
only adns 10 the demand Tor human ilnoT me gre"
object make labor profitable. ard To dispense win
thlt unproEabc II 1t be true them that olening ou
competition viii have the effect o ena
slim Is 10 spensc The Improbable labor OF pot
non :" pupulann il would bc no more SUBJECT
regret such labor had been superseded bY thn nr"n
nG souc new machine Sir If il The object {" society
ovn ~ labor however rnprofabe il might be.
.ni accomplished lon need do noing tnof
,n. cstroy all iahOrsoviug machines. But ynn Wis
~ employ rcighbor in preferences 10 foreigners an
do where his labor s productive But the world wnhl
suun stand srill-nay. would speedily rctogadc- Yo
should ,srer unproinctve Industry merely because Il wa
.our neighbours Would you then employ your ncghbor
harvest win knives nstead Of scythes Il
the ." cmp yng the rgcs, number and for the longcs
lime Would call in your neghbnr doctor 10 prescrIo
Tor you when you sick, when simple root wonI
cur You ament for the benevolent purpose n CIV
ing him something do? No sir. II may he i.nel hop
Il il ,ruc--thl by the abolition Of protective duties, yo
throw employment engaged in the production
articles for which they not heJ ana II thai was not III
eject good would be done by line abolition ut the pro
,ec duties That the end contemplated hat IS IN
end designed For whenever there men VII by eni:
ari, lneans enable compel lhc people is conn
nv 10 ay more any article than il Is deslr
thar III. ke should be npencd to compcton ven houg
iIey might thus be thrown out OF ernplo' lent. In
great object should be give employment 10 ductre an
useful labor. The increasing population OF l1 world dc
corresponding increase In the product 'eness OF hu
man labor. Destroy your labor saving machines abando
the use horses mules. and other labor which comes
competition the labor O man, and the large popuIao
nov upon The gope wonld perish userably They coul
| not be- sustained
In order employment TO Improbable labor, yo'
the country TO amount greatly exceeding IN
benefit resulting the parties protccted and II Would D
better Tor who have bear The burdens OF these take
up fund sufficient support these uhprohabe i.
bor.!s absoiae irnGss provided they were lhcn tit
liberty supply hrir wants in the cheaper markets ol IN
world II would be- consolation 10 u.s. under the opera
tiun OF pfotc tariff know that what was lost hy
wholly gained By protected classes but is hard
fai! 10 impose upon people OF hy or hundred pc
cent enable the manufacturers 10 make ten NO, SIR IN