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

and consequent increase Of the prices Of
all articles, the valne of which Ia not regula.
ted by foreign demand, above the prices Of
similar articles in Germany and France. At
particular stages of our expansions, we
nigh, 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 ruanufac.
tnred in France and Germany for one half
.heir actual cos, in this country. Let me
presen, an example. 10 Germany, where
the currency is purely me,allies and the cos,
Of every thing is reduced 10 a hard -money
standard, piece Of broadcloth can be mau.
uiacured for fifty dollars, the manufacture of
which in our country, from the expansion Of
our paper currency, would COS, one. hundred
dollars? Whal is the consequence? The
Foreign French or German manufacturer i'm.
ports his cloth into our county, and sells it
for hundred dollars. Does not every per.
son perceive that the redundancy of our cur.
rency is equal to Il premium OF one hundred
per cent. IN favor Of the foreign manufactur.
err No tariff of protection, unless it amoun-
ted TO prohibition, could counteract this al.
vantage ia favor Of foreign manufactures
would 10 heaven that I could arouse the
attention Of every manufacturer of the ma
tioc 10 this imporlan, subject.
The foreign manufacturer will not receive
our bank notes in payment. he will take
nothing home except gold aud silver, or bills
o.! exchange, which are equivalent lie
does moi expend this money here, where he
would be compelled To support his family,
aud 10 purchase his labor aud materials al
tho same rate of prices which he receives
for his manufactures On the contrary, ho
goes home, purchases bis labor, his wool
and all other articles which enter into his
manufacture, at half their cost in this com
Try, and again returns to inundato us with
foreign wooleus, aud to ruin our domestic
manufactures. might cite many other ex.
an,ples, but this, trust, will bs sufficient to
draw public attention to The subject. This
depreciation OF our currency is, therefore,
eqnvalen, to direct protection granted 10
the foreign over the domestic manufacturer.
II Is imposslh le that our manufacturers should
No able TO sustain such an unequal compei.
ton.
Sir, soemly believe that if we could but
reduce this inflated paper bubble TO anything
ike reasonable dimensions, Now England
would become the most prosperous manu-
featuring country ihst the sun ever shone
upon. Why cannot we manufacture goods,
and especially cotton goods, winch will 60
'no successful competition with the BRUSH
manufactures in foreign markets! Have we
not the necessary capital! Have we mol the
industry? Have we not the machinery q
And above all, are 1ot our skill, energy and
enterprise proverblal throughout The world /?
Land is alco cheaper here than in any other
country on the f,ce of the earth. We pos.
sess every advantage which Providence can
bestow upon US for the manufacture of cot.
ton; but they are all counleraced 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 upon for.
eign markets, and is not regulated bv our
own Inflated currency. We, therefore, save
the freight OF The cotton across the Atlantic,
and that Of The manufactured article OH lis
return here. What is the reason that, with
all these advantages, and with the protective
Il l.. IL 4
manufacturer of cotton we cannot obtain ex-
elusive possession of the home market, and
successfully contend Tor The markets of the
worlds II is simply because we mauufac-
ture al 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
out the world, apd you cover our country
with blessings and benefits. ] wish 10 Hea.
ven could speak in voice loud enough 10
be heard throughout New England; because,
if The attention of manufactures could once
be directed to the subject, their own iDtelli-
eence and native sagacity would teach them
how injunously they are affected by our
bloaled banking and credit system, and
would enable them 10 apply The proper cor.
receive.
Although this bill will not have as great an
as could desire, yet, as far as it
goes, it will benefit the Iaboring man a.
much. and probably more, than any other
class of society. What is il he onsht most
10 desire Constant employment, regular
wages, and uniform reasonable prices for
he necessaries aud comforts OF life which
he requires. Now, sir, what has been his
condition under our system of expansions
and coulrsclions? He has suffered more by
hem than any other class oi society. The
.ale of his wages is fixed and known, and
hey are the last to raise with the increasing
expansion, and the first to fall when the cor
revulsion occurs. He still con.
inues To receive his dollar per day, whilst
he price Of every article which be consumes
IS rapidly rising. He is at length made TO
feel that, although he nomCally earns as
much or even more than hs did formerly,
yet rom the Increased price OF all the ne
,essaries Of lie, he cannot support his fami'
-.