Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1856-08-15

DARD OF PRICES THROUGHOUT
THE WORLD, AND YOU COVER Our
COUNTRY WITH BLESSINGS AND
BENEFITS.
The comparatively LOW PRICES o.
France and Germany have offered such 9
stimulus to their manufactures that they arc
now rapidly extending themselves, ,and would
obtain possession, in no small degree, even
of the English homo market # it rOere
not for Their protecting duties"
LABOR is the chief element of cost in
manufacturing, from the making of watch
springs up to locomotives The price o.
raw material is of small comparative con
sequence.
The next day Mr. Morrick, of Maryland
made a searching exhibit of the ruinous in.
fiuence upon the workingmen of the United
States Of the adoption Of the policy which
ldr. Buchanan had so strongly urged. In
the course of his speech Mr.. Merriek said:
"Mr. President, as it has been argued in
the support of this bin that one of the good
effect will be TO REDUCE THE WA
.GES OF LABOR IN THIS COUNTRY
mechanical, manufacturing, agricultural
and all Others, of eourse-I have considered
It material and important TO inquire tc
what extent thls reduction was to take
place. These wages, we are told, must
come down to the specie standard; and we
have been referred TO Germany and Hol-
land, and other European countries, as ex-
amples of hard money currencies, as the
cheapning effects of such currcucies upon
wages.
In France ysdrly scogeS for an ablo-bod-
led man ranges from 48 to 220 shilling>
and day laborcrs get in that country from
Al to / 5 pence per dav, and whenever they
get as much as pence, they have to find
themselves. In Germany wages are still
lower, and range by the year between 81
and 100 shiliings and day laborers receive
from A to pence per day, and find them
selves in food. In South Holland, farm
hands get by the wear fr,m 200 TO 25C
shlIings, and day laborers from 3 to pence
per dav, and are found. And so on sir
Whoever will take the trouble to examine
will see that, in all these countries, which
are held up to US as such bright examples
Of hard money omttries-France, Germa-
ny, Netherland, Italy-wages by the yeaI
for able bodied, sound, healthy men, no
where exceed $50 shillings; and in many
instances, fall as low as 40, so, and &C
shillings; and the daily wages range from
3 10 and IL penee--rSsing III one place
from to 90 pence, and the ldJorer tiadttj
himself What a commentary upon the
hard money policy! What hope Is there
for a man born the son of poor parents ever
10 better his condition? What ray Of hope
IS there to stimulate him to exertion?-
None, none. He who is born peasant
dies peasant. Those born at the plov
die at the plow-tail and all that the longcs
life of laborious toll can procure for them
course aud seanty means of subsistence"
. Henry Clay took part in the debate an,
2denounced the scheme which Mr.. Buchanan
advocated as an IAN AV0WED POLICY
TO REDUCD THE WAGES OF LA
BOR." He was succeeded by "honest Johl
Davis" of Massachusetts, who cited mas
of statistics, to show that the average Q
'the real prices of labor throughout tn
world" which Mr.. Buchanan wanted III
worth of American industry reduced tC
was less than TEN CENTS A DAY!
And the Mechanics of his own State {
Pennsylvania, as a token of their resent
ment, forthwith fastening upon Mr.. Jamc
Buchanan the stigma and nickname of TE
CENT J1MNY.-ABany Journal.