Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-06-10

Soule and another Southern delegate took
sides with the North, against the South on
this important question. How long, oh,
people of the South, will you submit to be
deceived and humbugged on the question of
Slavery by the so-called National Demo
cracy
Hon. James Buchanan-AnOther Chap
ter from his Record.
One of the most interesting topics of
political discussion that ever occupied the
attention of free people is the price of
labor. We believe it would not be extrava-
giant to say that no people can maintain
their freedom, if compelled to endure for a
long series of years, the evils and degrade,
tons which continued hopeless poverty en-
genders There is nothing which emboldens
man more in the defence Of his rights and
of his country, than the consciousness that
he is above want, and that his government,
instead of being oppressive, is mild and
parental in its authority, encourages his
industry and protects his property against
unjust spoilation. To the American free.
man nothing can be more pleasant than the
contemplation of the facilities to fortune
which the domestic policy Of his country,
its wise laws, and the comparatively frugal
| administration of its affairs, secure to all
Of its citizens who have the enterprise to
avail themselves of them On the other
hand, contemplation Of a proposition having
in view diminution of those facilities could
not but fill his mind with apprehension. A
proposition to reduce the price of labor in
this country to the standard Of the old ocOrld,
would, as it ought to do, create dStrust and
alarm. The adoption Of system of do.
nestle policy by our government, having in
view the reduction of the wages of the
laboring man, would shake the Union to its
I foundations. We well remember how the
popular heart was shocked in 1910, when
Mr.. BUcHANAN's speech in the United
States Senate, indicating his appreciation
of system of this character, was introduc-
ed into the presidential campaign of that
year. 1t was regarded as a monStrouS out
rage. 1t found no defender anywhere.
From one end of the nation to the other it
was condemned without stint The Gin
cinnati conclave, in their eager desire to
propitiate the Black Republican sentiment
of Democracy north, appears to have for
gotten these things, or if it had not for
gotten them, determined to take the res
possibility and risk the consequences. In
either event it is but just to the people of
the United States-mOre especially to the
laboring men-that the matter should now
undergo rigid investigation We would be
derelict in our duty did we not lay before
our readers such facts touching the subject
as are at our command, so that they may
make up their opinion intelligently In the
prosecution of this purpose, we lay before
them the following extract from the speech
of Mr. BUCHANAN referred to above:
ain Germany, ere the currency is purely me-
tGlLie, and the cost Of every thing is REDUCED to
q hard money standard, piece Of broadcoth can
be manufactured for Fifty dollars, the manufacture
Of which. in country, would cost one hundred
dollars. What is tho consequence? The foreign
French and German manufacturer imports this
cloth into our country, and sells il for hundred
dollars. Does not every person perceive that the
redundancy is equal 20 premium Of one hundred
per cent in favor of the foreign manufacturer?
"No tariff Of protection, unless il amounted TO
prohibition could counterRct this advantage in favor
Of foreign manufacturers would to Heaven that
could arouse the attention Of every MANUFACTURER OF
The nation 10 this important subject
"Whai is the reason that, with all these sdvan-
tages, and with the protective duties which our
laws afford to the domestic manufacturer Of cotton,
We cannot obtain exclusive possession OF the home
Market and successfully contend for the markets
Of the Worldf II is simply because we msnufac-
ture at the nominal prices Of our own inflated cur
renew and are compelled % sell at the real prices
Of other nations. REDUCE OUR NOMINAL TO
rue REAL STANDARD OF PRICES THROUGH.
OUT THE WORLD. and you cover our country
with blessings and benefits.
'The comparative Low PRICES Of France and
manufactures thAt they are now rspidly extending
themselves, and would obtain possession, in no
small degree, even Of the English home market,
If IT WERE NOT FOR THEIR PROTECT
ING DUTIES. While British manufactures are
nov languishing, those Of the Continent are spring
inS into healthy and vigorous existence "--APpeH-
DIX 20 Congressional Globe, Psgss 1856.
We repubIish the above extracts as we
find them in the ".Spiyit of 'T6' Of April
LIST, ls4O. The following is an extract from
the comments of that journal upon them;
Mr. Buchanan advocates, in so many words, the
reduction Of our nominal" or rsPer money pri-
css 20 the real standard Of prices throughout the
world-thAt is. the lard plonsy standard. In the
speech from which Ne have quoted above, be asks:
''why cannot vs manufacture goods, and espsci.
ally cotton goods, which win 20 into successful CON-
petition With British msBufacsuren IN foreign mar
ketsf Have ws not the necessary eapitals Have
ne not the Industry Have We not the machinrryy
Aud above al, are not our skill. labor and enter.
prise proverhlsi shroughout tie vorldf Land d
also cheaper here than IN any other country IN the
face Q. she earth" Nov. If ws slrsady have an
these advansAgss--eapisal IadsmRy, machinery,
cheaper land and cheaper raw mnssFisl tAan any
olhsg eoualFy on earth there bat ons shIng san,.
ing % enable us 70 compete wish tie forsIgn man.
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