The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-11-04

anu u consequent lUcfedoo VI tuo Dficos vi
| all articles, The value Of which ia not resula.
led by foreign demand, above the prices of
similar articles in Germany and France. At
particular stages of our expansions, we
might with justice apply the principle which
have stated to our trade with these coun-
tries, and assert that, from the great redun-
dency of our currency, articles are manufac.
tured in France and Germany for ono half
.heir actual cost in this country. Let me
present an example. In Germany, where
The currency ispuruiy muiaiTicy sua the cost
of every thing is reduced 10 a hard-money
standard, piece Of broadcIoth can be man.
ufac,ured for fifty dollars, the manufacture of
which in our country, from the expansion OF
our paper currency, would cost one. hundred
dollarsa Whal is the consequence The
| Foreign French or German manufacturer i'm
ports his cloth into our country, and sells it
| for hundred dollars. Does not every per-
son perceive that The redundancy of our cur.
rency is equal TO premium of one hundred
per cent. IN favor Of the foreign manulaciur.
er? No tariff of protection, unless it amoun-
ted 10 prohibition, could counteract this id.
vantage in favor of foreign manufactures
I would 10 heaven that could arouse the
attention Of every manufacturer of the ma
tior 10 This imporian. subject.
The foreign manufacturer will not receive
our bark notes in payment. He will take
nothing home except gold and silver, or bills
o. exchange, which are equivalent. He
does moi expend This money here, where he
wonld be compelled 10 support his family,
and 10 purchase his labor and materials at
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 ener into his
manufacture, al half their cost in this corn-
Try, and again returns TO mandate US with
foreign woolens, and to ruin our domestic
manufactures. might cite many other ex.
an,ples, hul this, | tr6st, will be sufficient to
draw public attention 10 the subject. This
depreciation of our currency is, therefore,
equivalent, TO direct protection granted 10
the foreign over The domestic manufacturer.
Il is impossib le that our manufacturers should
be able 10 sustain such an unequal compeli-
tion.
Sir, solemly believe that if we could but
reduce this inflated paper bubble TO anything
ike reasonable Dimensions, New England
would become the most prosperous manu-
featuring country that the sun ever shone
upon. Why cannot we manufacture goods,
and especially cotton goods, which will 90
INTO successful competition with the British
manufactures in foreign markets. Have we
not The necessary capital? Have we not the
industry? Have we not the machinery p
And above all, are 1ot our skill, energy and
enterprise proverbial throughout the world
Land is also cheaper here than in any other
country on the f1ce of the earth. We pos.
sess every advantage which Providence can
besiow apon us for the manufacture Of cot.
ton; but they are all counteracled by the folly
OF man. The raw material costs us less
than il does the English, because this is an
article The price of which depends upon for
eign markets, aud is not regulated by our
own irfaled currency. We, therefore, save
the freight Of the cotton across the Atlantic,
and that Of The manufactured article on its
Ietum here. WaaI Is the reason that, with
all these advantages, and with the protective g
duties which our laws afford 10 the domestic
manufacturer Of cotton we cannot obtain ex-
, elusive possession of the home market, and
successfully contend Tor The markets Of the
world? II is simply because we mauufac-
iure at The nominal prices Of our own inflated
currency, and are compelled to sell at The
! real prices Of other nations. Reduce our
nominal to the real standard Of prices through
ou, the world, and you cover our country
with blessings and benefits. wish 10 Hea-
ven could speak in voice loud enough to
be heard throughout New England; because,
| If the attention OF manufactures could once
be directed to The subject, their own iutelli-
gence and native sagacity would teach them
how injuuously they are affected by our
bloa,ed banking and credit system, and
would enable them 10 apply The proper cor.
receive.
Although this bill will not have as great an
influence as could desire, yet, as far as il
goes, it will benefit the laboring man as
much, and probably more, than any other
class of society. What is il he ought most
10 desire 2 Constant employment, regular
wages, and uniform reasonable prices for
the necessaries and comforts Of life which
he requires. Now, sir, what has been his
condition under our system Of expansions
and contrsclionsf He has suffered more by
them than any other class Of society. The
rate of bis wages is fixed and known, and
they are the last TO raise with the increasing
expansion, and the fire, 10 fall when the cor.
responding revulson occurs. He still con-
tinues 10 receive bis dollar per day, whilst
the price Of every article which he consumes
10 rapidly rising. He is at length made 10
feel that, although he nomirally earns as
much or even more than he did formerly,
yet, from The increased price of ah the ne
cessaries Of life, be cannot support his fami'
ly. Hence he strikes for higher wages, and
the uneasy sad excited feelings which have
a. different periods existed among the labor