New-York daily tribune., 1854-07-18
THE RECIPROCITY TREATY.

This treaty will look well ILL il tends TO dmin
ish or increase the outward flow of that commodity
on the abundance or scarcity of which is dependent
the value of property, the wages of labor, aud the
profits of trade. That it will increase it mus. be OBJ
vious all who take the trouble to reflect upon the
subject even for a moment. 1t tends TO make the
people pay 10 Canada all that they nOw in the form
of duties, pay to their own Government-to promote
the occupation OF the proynces-tO afford market
at the highest prices for the produce of Canadian
labor and to promote the export of the money to
England to pay for British food, and British labor in
the forms OF cloth and iron. 1t is but step
toward the crisis that must lead to the forced sale of
land houses railroad shares and all other property,
to the great advantage of the Rothschds aad
their agents. but TO the great loss of all who
have land labor, their products 10 SELL and to the
ruin of all who happen to be in debt 1t is. however,
to The journals that represent the money lending
classes such as The Journal Of Commerce, that our
Legislators look for advice in all such cases. and
hence it is that they are always mpoverishng their
poor constituents and enrching the rich ones The
Senators from Virginia and Illinois will vote for this
treaty although all their present interests, and those
OF their constituents 10 be promoted by the
adoption of measures tending to stop the outward
current OF gold and reduce the price at which money
may be borrowed for the construction of railroads
The Senators from Wisconsin and Iowa will do the
same and they would vote for any measure tending
to lower the dam which even now prevents in some
degree the outward flow of the precious metals be-
cause to do would be but carrying into further eff
feet the doctrines of free trade-and yet they
are anyiOusy seeking for means to enable them to
Ia oil fhst ha 10
port of the precious metals shall be arrested South
Carolina ard Georgia will take part in face OF the
fact that with, every increase in the abundance of
money at home, the planter is better enabled to hold
his crop and obtain high prices, shown dur
ing the period of the importation of gold from 1880
to less, while with every diminuOn of il he is more
and more compelled TO force it on the market Id was
shown in the period from 1889 to l5i2 in which lat
ter year Gotten for the first time touched six cents
per pound; and this they VIII DO in the hope that by
sacri cling the interests of the whole Union them.
selves included ths may perhaps prevent the annex.
alton OF the Canadas. The scarcity of money s
even now forcing down the price of cotton, andJet
they are ready to vote for any and every measure
tandpg TO render il still more scarce.
France owns no gold mines but money is CHEAP.
because she pursues policy tending to produce i'm.
portaion and retention of gold So il is with Germa
Dy and other parts of Continental Europe We own
California, and should have money cheap vet is il al
most unattanabe, because our every movement tends
toward the expulsion OF its product and so tar from
taking warning by the past we are daily cOntriying
means for forcing it out still more rapidly. We have
just agreed TO export ten millions to pay for the Ne.
sa Valley, and shall probably agree to pay over two
hundred millions for the purchase of Cuba all of
which may, ii Spain please, be at once demanded
in gold, for stocks can always be sold if the
price be sufficiently low, and the seller can
take gold ii be desire it. If our representatives
in Washington desire still further TO promote
the interests OF the money-lender at the expense
of the whole community nothing better could be
devised, unless, perhaps, the ratification Of the
Reciprocity treaty-so called-with Canada Each of
these measures viii tend to augment the export and
raise the price of money, and that object will be still
efectualy attained by the adoption of the Ways
and Means report on the tariff, and yinton. Ashmun
& Co.'S project in regard to railroad iron Every
step in the direction that is called freetraie tends TO-
ward lowering the dam that now in some degree re-
strains the export of CON- and toward an increase in
the rate OF interest; but how that is TO benefit the
men who have cotton to sell or roads 10 MAKE Il
Woald require political economists as clever As are