The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1856-09-17
~ BIooMsBURG, CoLUMBIA COUNTY, P7As EDNEsDAY, S

faclured in France and Germany fot one half
Of their actual cost in this country. Let me
present an example. In Germany, where
The currency is parely metallic, ard the cost
Of everything is reduced TO hard money
Standard, piece Of broadcloih can be manr-
fsctured for fifty dollars !; The manufacture OF
which, in our country, from The expansion Of
our paper currency, would cost one hundred
dollars. What is The consequences The
foreign French or German. Manufacturer I'm.
ports his cloth into our country and sells II
| for one hundred collars. Does not every
person perceive that the redundancy OF our
currency is equal 10 premium OF one hun-
dred per cent. 10 favor Of The foreign manu-
fac,urer? No tariff Of protection, unless !.
amounted to prohibition, could counteraci
this advantage in favor oil foreign mannfac.
lures. would 10 Heaven that could rouse
the attention Of every manufactures OF the
nation 10 this important subject. ana stif-ge
"The foreign manufactures will not re-
ceive our bank notes in payment. He will
take nothing home except gold and silver,
or bills OF exchange, which are equivalent
He does not expend this money here, where
he would be compelled 10 support his fami-
ly, and purchase his labor and materials al
the same rate of prices which he receives for
his manufactures. On the contrary, he goes
home, purchases his labor, his wool, and all
other articles which enter into his manufac-
lure, al half their cost in this country; and
again returns 10 iaundaie us with foreiga
woolens, and 10 ruin our domestic manufac-
lures. might cite many other examples
but this, | trust, will be sufficient 10 draw
public attention 10 the subject. This depre-
citation of our currency is, therefore, equiva-
lent 10 direct protection granted 10 the for.
eign over the domestic manufacturer. Ii is
impossible that our manufacturer should be
able 20 sustain such an unequal compeii-
lion.,
"Sir, solemnly believe that if we could
hut reduce this inflated paper bubble 10 any
thing like reasonable dimensions, New Eng
land would become the most prosperous man.
ufaclurng country that the sun ever shone
upon. Why cannot we manufacture goods,
and especially cotton goods, which will 60
into successful competition with BRUSH man.
ufactures ia foreign markets Have We moi
The necessary capital? Have we not the in
dustry? Have we not The machinery And
above all, are not our skill, energy, and en-!
terprise, provefbial Throughout, the world 2.
! Land is also cheaper here than in any otha
re country on the face Of the earth. We
possess every advantage which Providence
can beslow upon us Tor the manufac-
ture of cotton. but they are all coun eracied
by the folly of man. The raw material COSTS
US less than ii does the English, because this
is an article, the price Of which depends up-
on foreign markets and is not regulated by
our own inflated currency. We therefore,
save the lreighi of the cotton, across the Al.
lantic, and that of the MANUFACTURED atilcle
on its return here. What is the reason that,
with all these advantages, and with he pros
pective duties, which our own laws afford
10 the domestic manufacture oil cotton, we
cannot obtain exclusive possession of The
home market, and successfully contend for
the markets of the world? 1t is simply he.
cause we manufacture at The nominal prices
of our own inflated currency, and are com
PEELED TO sell at the real prices of other ma.
lions. Reduce our nominal to The real sian.
dard Of piices throughout the world, and you
cover our country with blessings and bene-
fits. I wish 10 Heaven could speak 10 a
voice loud enough 10 be heard Throughout
New England because If the attention Of
the manufacturers could once be directed 10
the subject, their own intelligence and native
sagacly would leach them how injuriously
they are affected by our boaled banking
and credit system, and would enable them
to apply The proper corrective. slaRt
"What is the reason that our manufaq.
turers have been able 10 sustain any sort oi
competition, even in The home market. with
those of British origin! II is because Eng
land herself is, 10 great extent, paper
money country, though, in this respect, mo-
10 be compared will our own. From this
very cause prices in England are much high
er Than they are upon the continent. The
expense Of living is there double what II
costs in France. Hence, all the English who
desire 10 nurse their fortunes by living
cheaply smigra.e from their own country 10
France, or some other portion Of the conf.
nent. The comparative low prices Of France
} and Germany have afforded such asiumulus
10 their manufacturers that they are now
4 fapidly extending themselves, and would
obtain possession, In no small degfee, even
of the English home, marke., if II were moi
for their protecting dntles.s Whilst British
manufactures are now langashing, those o.
: the conlinspt are springipg into healthy and
!, vigorous existence. H. was but the olhel
. day that / saw an extract from. al, Ensllst
! paper which stated thai whilst the, cu.lery
: manufactured in Germany was equal in quail
i.y with the English, IT, was so reduced ia
: pfice 5ihs, the latter would have 10 abandon
the manufacture altogether. asiaslhi q aisa'
:, 3. \ bfs&{3i- ~ - - ea&Jfin& - 2lt
1 - But the Senator from Kentucky leaves
8 no stone untnrned. He says thattb fflendl
) of the Independent Treasafy desire 10 de
. molish an exclusive metallic currency, as The
. medium Of all dealings. throughout The Uni