New-York daily tribune., 1854-07-13

export Iy some fssrfy si1 =iozi Of dollars saa sc
cordipgy tie Bsuk Of frsnce recently reduced me
rate of foisco.lt iroIa Eve 70 four per cent WIN"
that Of ENGLAND raiseI the rate to FIVE and hsiIi
tut even the latter contrasts stikBsy With the one
snd one AMI e iaif per cent per mouth P'ih on 'n'
icstpaper in our principal cities
Tie effect Of tie high rate in England hss recently
been shown IN tse utter snnihilsticn Of the iscorns
oss.es in their attempt to Obtain Advance OF wages
corres,onorg with the advance j.: the price OF food
and II is being shown here in great contraction oil
butiness that must result in large decline Oh the
price Of labor. The time for this has not yet quite
arrived, hut il must soon coue. Tho tendency oil
our present system is 10 produce Il constant
expoIt Of the precious metals ind the greater that
cxp,rt, tie greater will be the tendency to decline
of prices here, while the greater will he the tendency
to advance in the prices Of the countries that re-
ceiye them. The quantity of food imported into Eng
land enormous and prices have increased to won
derfu extent in the last three years but b this we
gain little, for have little food to sell We buy
however much feed transformed into iron and cloth
snd we have to pay for it the high prices consequent
upon the vast increase in the quantity Of gold now
held in almost every part Of the Continent. Cot
ton Chief article of export is lower in price now
than it was fifteen years since and there is no evil
denceas yet that thas at s pre- fitted by the discovery
Of California and Australia. In our trade with the
world at large we are probably losers By thst dis
covery--the prices Of the commodities we buy beng
advanced more than the prices o. those we se-ana
we are SO because will insiet upon carrying out
the pro-slavery doctrine, denounced By Gen. Jack
soD that nature intended all the people of this coun
try to use plOws and harrOws. and all those OF En-
gland to drive the shuttle and blow the furnace. The
protected countries Of Europe profit largely ty me
increased supplies Of gold, and they are there pro-
duciDg their natural effect of rendering capital cheap
end easily Stainable by those who desire to use IL;
whereas in those countries in which nearly all hepro-
lection that exists is that derived from the aec
dental working of the ad vslorem system capital has
become SO scarce to be almost entirely unattanabe
except by the few whose supposed to place
them beyond the risk Of danger. The Democratic
tariff Of Iei6 is crushing the poor Democrats, while
it lie rapidly building up the fortunes of the rich aris
tocrats but this might naturally be expected of all
measures emtnatisg from party whose most prcm-
nent holds to the doctrine that prosperity is
to result from the reduction of wages TO twenty-five
cents day.
What is the remedy required for thiS state Of
things This is question of vast importance to the
merchants Of this and other cities and if they desire
10 obtair answer to it, they cannot, think, do
better than look abroad and study the policy Of those
countries in wlsh capital is cheap, and then contrast
it with our own. Germany, Belgium and France
MIKE their own iron, and their cloth, and there
fore tley obtain and retain the gold needed for the
performance Of these operations. Were to 10 the
some. the gold Would stay among us, aud men would
then obtain oaps at six or per cent, for which
they now mast pay from twelve to twenty if not even
thirty, per cent Tire rich msn would then not grow
rich quite so fast, but the smaller operator might
live, which Low be can scarcely DO What we need
is TO make among ourselves the things of necessity
those that ygas' haveand IT, in consequence of
doing, we find gold accommodating faster than is re-
qured, We may be quite that the people of Eu-
rOIe will s,ld us luxuries TO sufficient extent to
prevent any incon7enient accumulation of the pre-
cous netfs. This however is direct, the reverse of
what is proposed by the Committee Of Ways and
Means in the House of Representatives. AS thirty
per cent. duties have only caused such drain Of
gold as to carry up the price OF money to one and
laIffer cent per month"; they propose now to reduce
tfcm to twcrty per cent, with view probably Of
secrs if the rate cannot be carried up to two aud
half and al this is 10 be done because the
tariff Of iSi6 has worked so well in pro-
duciDg effects directly The nrerse Of 'ch0t msre
ANTICIPATED by It's protector and his frieads Even
things are. TIC storm is bound to come and when it
does it will be found severe one; but the late
ment of the Chairman of the Ways and Means, in
which he was aided and abctted BY Mr. IIaven the
Representative ofthe Buffalo District, may much an
icpatc the time Of its arrival, and tend largely to in
crease the intensity of the pressure to be felt
1t is time that merchants should open their
eyes to the of the present pressure They
being ground ts between the upper and the neither
milestone, and they are likely TO be so ground until
they shall make some effort to the adoption OF
the measures required for keeping, part, at least
of the gold at home, is the case in France and
Germany, and other countries in which money con-
nues low in price, notwithstanding the demands for
the support Of the present expensive war
|
TANMANY IN A SNAEL.
The socal!ed Democratic party in this City aud
state TO be in rather dScOrdant condition Just