New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-02-14
Nsu:Uerk DAILY Gribnns
PUBLIC MEEZZNGS.
MONET.-BY Ii. {. CAREY.


A lecture was delivered in the Chapel Of New-lork
University Qn Thursday evening, on the subject Of
Money by Henry c. Carey of Philadelphia. Mr..
Carey remarked that the univ ersal interest in gold
and silver, which was felt in every civilized commu-
Il IT, Yves owing to certain distinctive qualities in those
materials which brought them into direct connection
with the distinctive qualities of man, and made them
the indispensable Instruments Of society and COM
merce. For this purpose they possess an adaptation
which can be found in other production of nature
REQUIRING much labor for their production on account
Of their scanty diffusion they represent large amount
of value. or comparatively little bulk 10 themselves,
they can be easily transported fron place 10 place, aud
securely stored. They are no. liable to rust or dam
age, and can be preserved un ured tor any length OF
time. Their quantity is much eSs liable to variation
than is that of wheat and corn the supply OF which
il Iarceiy coming nt on the state OF the weather.
Their power of minute subdivision TITS them for the
Performance OF the smallest well as the largest eX
changes. The price of a commodity depends on IT'S
power to command money in exchange. Prices II &c
trate with changes OF tine and place. Cotton con-
napds in our country thrice the quantity OF silver ina
would he given for it in another. AZ he Rocky Noun
tans thousand tns of rsgs would not exchange Tor
the smallest piece Of silver, while at the saue place
a auire Of paper would comm md price
of at least al ounce in weight Pas
ipg thence to wards the Last, and arriving at Tie
Silver would have changed much that the prce OF
the rags would pay for m.ny realms o. the paper. \
farther change would be experienced on conJS TO 81
Louis RAGE would rise still fartner and paper ian.
Such would be the at every etsp OF tue progress
eas ward until at length the heart os lssajhusets
three pounds Of rags would be found to conmani more
silver than would be needed for the purchase OF
pound Of paper. The illustrates general 2, that Is,
he price OF materials tends to rise as We approach
those places in which wealth most exists-th0se III
which man is most enabled 10 associate 9Th his fellow.
mar. The prices Of finished commodities move In
dir, oiion piecieely the reveTsc-aways deolplog as
those Of raw materials advance. Both, accordingly,
tend to approximate the prices OF the one De-
il always found IN connection with The lowest ot he
oiher The strength of the movement IN that direction
is the cost conclusive evidence of advancing cIviza-
tltp. Thus, cotton is low IN pIcc ut TIE pantatoh
and high in Manchester and Lowell, while cloth Is
cheaper in Lowe than It Il In Aidoans or Louisiana.
Com in Illinois If frequently SO oheaQ that ouslei Is
given in exchange Tor the silver req AIRED to pay i'r
yard OF the coarsest cloth while at Manchester Is 80
dear that it pays TOR dozen yards Inc same results
sre Oh aimed if We look backward il time. A. the
close of the fifteenth century eight ecclesascs at
tending the funeral Of Anne OK Britttny. were royalty
entertained at cost OF about three francs OF money or
our Time pUie t1e silk Used on that occa;ljn wGs
charged nj wcuty five francs. Inc same quantity of
slk cUud be puic lased for less than franc and
half 4 sun thai Would be lusuilicen 70 pay tJr
single dinner Tie owner OF four CURES OF p'pef could
then Obtain for il money tbsI was required iorthe
purchat ho end lees than tWo realms we.e needed
Tor that of bull. IL Eogland hogs, sheep AMI corn
were cheap ard were exported while cloth was dear
az was therefore, imported. With the progress OF
association auong men, 8nd the c)nsequent increase o
wealth and civilization, row IA lter Uses III price,
All The pioducIos OF The earth are IN their turn no
ishtd mmOoIiy and raw ma.er.e. Coal aud iron ore
re the bisbeJ comm1d y o. he miner, aud YET ney are
only the raw ms'eria of which ps ir1u i made. Tho
latter is the finished JumOdty II the sin-ler aud yet
il, Is but The raw material o. tho puddl5r aod or him
who rolls tbs Ia The early snSes ot society land
and sbor very low III proc aud tue richest posts
OF coal al worthless II IS only Win the al
s,cemsnt OF sOclll combination thCt thay acquire
value. Tee more finished commodity. the srelter IS
lie tendency 10 fell OF pti:e. IL The days shea the
French peasant would hoy been reglG t. gIge 40 Ok
for ream and bali -. paper, wiGe "as much higher
than is ST present peaches were entirely uuttao-
aole tie huer Vegetables IN Use were utterly IN
known a piece refined euga- or cup OF te4 aud
coffee were lu1urits Il iOr kings alone. Nov with me
trce of al OK Il Q iiruel pur base better sile
iLan thee diutk by si1gs, he can obtl not oaiy
psDer bDl bcok- and newspapers he can ear apn'Ot5
and peschs sugar. AMI coffee is trlcs OF
his he and be Can have ssppy o. linen thSt would
once have Amos; suficed for toe entire household OF
pob.msn. Such are the results WHICH arse from the
facility Of association among men The insuu Dent 70
which they the most occbed fJr the power 70 con-
bine their efforts is onsy.
Mr. Carey then wcut INTO ella oOrate discussion
of the cir um-suce- under which The power u con-
msni money Increases, and those under ~u1;n II
declines. Raw materials, he maintained tend ID Far1
those countries which employ nents most olVefs,-
red in which the p0 ve, Of ASSOCIATION the most ex.s,
ard IN which Ian and labor tend mos 10 rise N price.
The precious metals tend toward the same c)uo'res,
al in them tbe fnste commodities are less; IA
price. AZ Illustrating these points ~tn great felicity
al d force NJ Carey devoted the rem kinder o: his
kt,u'e 10 profound eXp o-t N, ~ various points
ci view, Of the llucGce OF the precious metals
prom ou,n OF Ddil idual.-y % the ole haGi and
" ASSOCIATE i On TIE ctseT.