New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-11-19

;ss ha 70 been closed and machinery and ui'e nave
o.,d ,rr,;p, while here and there establishment
vi,h lsrrc capital which could ouve the pressure IN
tho market kept at work or on "haftime until now
competition being destroyed the large iron makers
who moHopoii:l thcmarkct, are "dong extremely
and are making their fortunes" They viii continue
the p0notolv for time because of the inability oil
the small manufacturers to regain their position In the
market and thus Capitalization in one Of is wors,
forms is produced By your Democratic "frcetrsde
When after season of high prices and fortune
making by the capitalists who are built up by your free
trade. men of moderate means prepared to take
advantage of the market to u5e their capital, your
opopots are ready to drop down the scale prices
It'll men of small means are eaten up, when theformer
are agap with one season of high prices to amply
rcrsv all their osscs" And thus depression and ex
mansion alternate, destroy confidence and make the
i,bor and prosperity of the poor man the mere play
,bn in the hands of capitalists who have power thus
absolutely delegated by free trade.
Won saw TRer prerious losses are amply maze UP 10
H. ~ mi; prfsert prosperity" In other words, II you
will let me translate your declaration iron worm
ia nr;ce and il sciH have it in the long runf "oc
trine fully beleye-he difference being thar wan u
see ,reoap instead of British iron paid Tor al tneSe
nriees and the American lahorer and poor man EN-
Moved instead of thousands of laborers In ioresh
country If series of closes are amply made up oy
one wear of thigh prices" and Z" fortune-making Oy
the capitalist ii is evident that there Is no real gam IN
cSeapess TO the consumer while there ia disastrous
loss in another direction of which shall speak pres
emily.
But here. also, is another difficulty with your free
trade policy The fact that closes ARE AMPLY maae
wis one of the very reasons why am IN iaVor Oh
Protection 10 American Labor Under the expectation
Of cheap iron the duty is thrown OFT by your Iarin'
and iron comes in at $50 S35, or sioper tun' "nicn
undersells that OF the American manufacturer HIS
market is destroyed or he must sell low 100 he isls
until the last point of abatement is reached ana ne
suffers his fires to die out and his work IL over "hy'
Simply because the Democratic" manufacturer OF
iron with capital of $4,000, $4,000, or even slOo
OCO cannot compete 9Th he BRITISH moNoPoLEsr VINO
has a capital of from half million TO a million OF
pounds sterling and who sell at cost for two or
three years knowing that their losses riH be amply
made up by present prosperity" positive fact the ev
dence ofwhch is seen in the present prices which rule
in the iron market Is not sol VIII not tho British
as well as the American capitalist share in the present
fortunes given to the capitalist" by your tree trader
If So are YOU not clearly in favor Of giving fortunes
to British capitalists and letting American poor men
lie idle Tor want Of work in American furnaces' isn
40 or is it noti
Your argument apparently leans to the side Oh "the
farmer" 1.-THE poor man. the mechanic anu '"e
washer woman" Ms against mon0polists capitalists and
corporations Permit one more view oil the auo
the most important OF all.
The capitalists of this country, by which term un-
der.and all who are engaged in manufactures give en-
rloyment to hundreds of Thousands of LABoRERs Tens
of Thousands dependent upon the iron interest alone
Uron its prosperity entire Districts OF the country
mainly depend The farmerfor the sale OF his products
the butcher the coal miner the charcoal burner the
miller the ylager the merchant the professional man
and the mechanic When the iron interest suffers, these
all suffer as well. When furnace or manufacturing
establishment closes and the laborcrS are discharged,
wifhout rork aud cihout me to snbsist on until
"Ms tide turns rhick beorsMe capitalist on to fortune
the LABOR which Is the Poor Mans capital Is ruined.
and all are forced to suffer with him LABOR being thus
deprecated and the poor man being thus thrown on
the world to obtain doubtful subsistence at a new
calling TO strive to obtain living agricultural pur-
suits, is thus himself additional producer and com
petitor instead of being buyer and consumer, Of the
products OF the neighboring farmer.
suspension Of two three years in the only mar.
ket for his LABOR, which the poor man depends upon,
may be possibly borne by the capitalists for whom your
Free Trade is now making such fortunes BHtphdt
fortunate tide is that shich shall compensate the poor man
for The loss Of three years labor Arehis losses nothing
in the eye OF Free Trader Is not Productive In ius-
try, assured of steady home market better than a
long sta equation, aud losses amply made up to the
capitalist The capitalist has the means for employ
ing the LABOR of thousands Of men, women and chill
dren who have not the same means. Without that
capital they would remain unemployed or compete
with each other in labor market restricted by the alb
of "a md ~ ind,
Yet in order professedy to benefit the poor and
the aborer Free Trade destroys the market for profit
able LABOR, which is the poor mans only capital and
practically bids him wait until the tide shall turn
which bears he capitalist on 10 fortune"
But under the true Free Trade system OF Protection to
Home Industry, the farmer who has good market at
his door for wheat and market stuis afford to pay
bis neighbor who makes pows and drag chains
better price than were he to depend upon distant
market with ell the costs of transportation. The pow
and chain maker with steady employment for their La
TOR CAPITAL can afford to pay to the farmer and
the washer woman" who will have the means to pay
4 little higher price for her smoothingirons.' And so
the reciprocity Of mutual interests will give richer
wand for the poor mans capital than when he loses
three years waiting for the rich man" and the "capi
tat" "to amply repay all their losses at the turn
of the tide which bears the capitalist on TO fortune"
under Free Trade.
CAPITAL IL indispensable to the prosperity of the
workingman in many departments of industry With
out it he must be driven other pursuits remain
unemployed. You say that
we have had enough oflegsaton for the capitalist let
give the poor cheap pows and cheap drsgchains
the mechanic cheap tools and the washerwoman cheap
smoothing -ICns"
Among my earliest recollections OF political
discussion, are the phrases you have thus used.
They the familiar and delusive words by which
Free Trode wins many votes from laborers. II is
On easy and specious way to appelto the pcorman'
and he IS willingly entrappcd thereby. But what
thc facts of the casei maintain that
The "cdPaaliat' 20 use your reproachful term)
giccs tools to Tie eoriRg and he mechanic not only