Bedford inquirer and chronicle. [volume] (Bedford, Pa.) 1854-1857, 1856-08-15


of our currency is equal to premium of one
hundred per cent, in favor OF the manufacturer.
s.No tariff of protection, unless ii amounted
to prohibition, could counreract these advanta-
ges in favor of forcigD manufactures. / would
to Heaven that could arouse the attent ion Of
i every manufacturer Of the nation to this impor-
: tant subject.
: ssThe foreign manufacturer will not re-
!, ceiye our bank notes in payment. He will
5 take nothing home except gold and silver
, or bills Of exchange which are equivalent
He does not expand this money here, where
he would be compelled to support his family,
and to purchase his labor and materials at
the same rate of prices which he receives
1 for his manufactures. On the contrary, he
goes home, purchases, his labor, his wool,
; and all other articles which enter into his
manufacture, at half their cost in this coun-
try: aud again returns to inundate us with
! foreign wolens, and TO rum our domestic
, manufactures. | might cite maLy other ex-
amples; but this, trust, will be sufficient
to draw public attention to the subject
This depreciation of our currency is, there
fore, equivalent to direct protection gran~
ted to the foreign over the domestic manu-
.facturer. 1t is impossible that our manu-
k,eturers should b. able 70 sustain such an
un equal competition.
S'ir, 81 solemnly believe that if we could
but reduce this inflated paper bubble to any
thing Ike reasonable dimensions, New
England would become the most prosperous
manufae turing country that the sun ever
shone upon. Why cannot We manufacture
/ goods, and especially cotton goods. which
i will 90 inio successful competition with Bri-
tish manufacturers in foreign markets.
Have we nut the necessary capital? Have
we Lot the iudustrFa Have We not the ma
chinery7 And above all, are not our en-
ergy, and enterprise proYerbial throughout
the worldl Land is also cheaper here than
in any other country on the face of the earth.
We possess every advantage which Provi-
dence eau bestow upon US, for the manu-
facture of cotton; but they are ali counter
acted by the folly of mao. The raw mate
rial costs as less than it does the English,
because this is au article, the prise of which
depends upon foreign markets, and is not
; regulated by cur own inflated currency
We, therefore, save the freight of the cot
ton across the the Atlantic, and that of the
manufactured article on its return here
WAIT is tie reason that Ipita all these i'd
ranfages, and with the protsdite duties
pitich our lars afford TO the domestic manu-
: facftrer Of cotton, re cannot obtain erclu-
! / sius possession of the home market and
: SUCCESSFULLY contend for the markets Of The
uorlds
! ssH is simply because tce n.aanfacfure al
: The nomisaf prices Of our orca inflated cur
+ reacy, and are compelled to sell at the real
!, prices of other nations. Redqos our nom
i1iaI to the real standard Of prices through.
. out the rorid, and you couer our country
NTH blessings and benefits. wish to Hea-
E ven could speak in a voice loud enough tc
he heard throughout New England; because,
/ | If the attention of the manufacturers eoulS
once be directed to the subject, their owl
intelligence and native sagacity would teacl
:hem how injariously they are affected b.
our inflated banking and credit system, ant
+ would enable them to apply the proper cor
! rective.
VI What is the reason that orr manrfactu
rers have been able TO sustain any sort G
: competition, even in the home market, wit
: those of British origin, Its because Eng
} land herself is, to great extent, pape
c money country, theagh in this respect, NJ
t TO be compared with our own. From thi
f very cause, prices in England are muc
c higher than th ey are upon the Continent
: The expense of living is there double wha
it ccsts in France. Hence all the Englis
: who desire to nurse their fortunes by Twin
: cheaply, emgratc from their own country t
France, or some other portion of the cont
nent. The comparative low prices
France and Germany have afforded such
: stimulus to their manufacturers, that the
h are now rapidly extending themselves, ant
would obtain possession, in no small degree
! oven Of the raglsh home market, if 1t wer
: no. for. 1neir protecting duties. Willis
i Rr;t;14 manufactures are new ianguishing
IS tsssc of the continent are springing int
7 healthy and vigorous existence. 1t wa
but the other day that ! saw an extrac
from an English paper, which stated tina
: whilst the cutlery manufactured in German.
was equal in quality with tie British, it wa
reduced in price, that the latter would hav
to abandon the manufacture altogether
Z Some time since we submitted the Con
gresssional Globe 10 number of gent emel
in this City, asked them to compare th'
foregoing extrac is, and to say whether the.
are not literally correct, as published u th'
, Globe. In reply we received the following
the italicized paragraph relating TO thOs'
extracts, being so italicized by US.
# PHILADELPHIA, Jaly 10, 1856.
Dear Sir: We have just received you
note, With the accompanying copies of the
i Daily .Aews, Pennsy lraa ian, and sundry ex.
tracts from the Appendix to the Congress