The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1854-02-08

unsettled and all things rise to ehormous
nominal prices. And Of course the land,
the buildings, the machinery, the materials,
the superintehdence, and the labor must
be paid for at the same kind of prices
Now this state of things affords no one
American manufacturer any advantage
over another. 1t only swells the Arithme-
tic Of both of them. makes them count by
thousands while the citizens of the hard
money country count by hundreds. But
they have TO compete with the English,
French, German and Dutch. The Amer
1ican manufacturer m has to buy his materials
and manufacture his goods, at the inflated
i .per money prices, and he receives his
nav in the same deprecated and inflated
,,rrencv lts@.affects surround him like
the atmosphere; he can no more escape II
III an he can escaps the air re orea'neS'
The European. on the contrary. buys :'s
materials and manufactures his good al
hard money prices, and he, sends here and
sells at our inflated paper money prices
But the issues of our soft-money minis
have neither credit nor currency i'll Eu-
| rope; he, therefore, demands and receives
| the specie. Thus while he sells at the in
fiated paper money prices, with merely
such deduction as enables him to drive
our own citizens out OF the market. he
really gets those enormous prices in gold
and silver, and carries them home, where
their value is not deprecated by paper
issues. Thus his profits seem enormous
even in his own eyes, and are such as the
lordinary course of trade could never Sc.
cure to him, and such as can only be pro
duced by unwise and mischievous legisla
non His labor is, in our markets, re
warded with the most profuse and unex
ampled liberali.y, while that Of our owl
manufacturer is paid with meagre parsi
mony. No wonder that the European
manufacturer, by such sales, rapidly ad
vances to extreme opulence, while ruin q
! rapidly overtakes the affairs of the Ameri
can H'he advantages on the side of tn
one, are too great to be successfully en-
countered by the industry. the energy, tn
sagacity OF the other. 1t will not do I
say that these bank expansions and infla
: tions are only temporary. That con
traction soon comes on and things Ia
down even below hard money prices
) The magufaciurer is generally oyerwheln
J ed in the general wreck; sunk in the ger
! eral ruin Nothing but observation an
investigation, is wanting to convince ii
}. unprejudiced and impartial part OF con
= munity, that the American banker, ,.wheih'
i he SO intends or not, is the deadly enem
} OF the ameIcan manufacturer. There
no danger that this doctrine will pro-
false or unfounded. As john QUIN'
IS ADAMS said in his quarrel with Hen
70 Clay, about the Northern fisheries. s'i, "
. 's,and the test of human scrutiny, Of Il
= en,s, and Of lime" Investigation, exal
. nation will confirm it,
= Our Pennsylvania iron masters are Fl
~ quenly in the utmost distress, as they s
themselves. on the very verge of rI
q Yet these men have a duty Of thirty |
=. cent in their favor. in the shape ol
lat tariff on foreign iron. and their coal
IN t.., 4 . .i, ., "a ,f tho O rth. WI
ith the Englishman has to descend nearly b
a mile into deep mines to procure his
But oil these advantages, and many othe
= are neutralized by our inflated paper mor
So currency Reader. is not .his so? Fl
o else will you account for the sickly sit
ticn Of our manufactures? Consider I
English iron has first to pay land
~ riaga to Liverpool. or some other city
: s exportation Then the expenses OF
age across the Ocean o. 5000 miles,
gether with wharfage, drayage, wareho
age. in the American ports; and finally
- inland carriage of several hundred mi
:. before it comes into competition with
- products OF our Western furnaces
iorges. When to all this, is added a
~. of thirty per cent. by the National {
ernment, the inability Of our citizens
- compete with the English, at first glal
appears most mysterious. But when
- beslow patient investigation on the
iect of the currency in the two count
the mystery soon clears up. We see
r the Englshman in reality possesses e
-, nous advantages and that the Amer
80 labors under difficulties almost invinc
'ni' On
WooDsFlELD, Jan. 81, 1854.
irish q 80 : -----.
able o. Harry was sitting in the parlor
Why Lucy, not knowing that he was overh
Iown by her little brother Bob. What Bob
.,aa may be imagined from the following
s1' logue between him and his father: 3
un- Father, send me after the doctor"
l nsa a..