New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-08

The facts here presented being most remark able,
are worthy Mr.. President OF your most serious alton
ticn. The highest average IL found in the per,3d from
1910 TO 1915; that one in which there %as almost liter
ally no rtercoWss With foreign countries, and thst
in which tue shefes Of the country were, more than
they ever before lad BEEN directed toward the estso
lishment of internal commerce. domestic maIkse
was then rapidly being created, the extent OF which
NAV be Judged from the fact that the cotton manufsc-
ture which in 1905, had required but single thou
sand bales absorbed in 1915 no less than W oOO.f
With the return of peace, however, the policy OF the
country was changed, and from the date Oh thas
change we have an almost unbroken des0en until, IN
1882 Just prior to the opening Of the Crimean war;
had reached the lowest point OF the century, and
probably the lowest recorded IN the country mstoryf
thus proving constant increase in the Obstacles stand
ing between the man who raised the wheat ana hun
who bad money with which to purchase 1t. Directly
the reverse of this what we see to have occurred -
France where the average plice OF wheat Tor -
years ending with 1913, remained almost stationary,
although somewhat higher in the closing period than
the earlier So, too, with both RUSSIA ana
Northern Germany in the first OF when the price o.
corn in the decade ending in 1882 was one hall higher
ihan in that ending III 1926 while IN the last
we find the average maintained with steadiness con-
-. ,trkipgly with the extraordinary changes &C.
curing among ourselves, as here II sho"n; r. r,
8is-25........66 lsis 2,h sT gro 5%
I Iss 90 aI,s: s s[oels0= 81
Isl33'i.........9ss g.. sh' ssro.chsH 81 ia
TO- NV. o. oward the close. is higher
than in the preceding PERIODS,
has fallen 10 little more than hall. .,o, oono,; %
The course of events in the adyarc1e "a sTI
Europe-thOse which are following in the H. " VI ~
bert and Of Franceis, therefore, exactly tho .cpi"
site of what il here observed, but if seek CAS-
that exactly parallel il will be found in studying tho
operations of Ireland or India, Portugal or Turkey.
countries which follow in the lead Of England In all
Of these the prices Of raw products aud those OF I'm
ished commodities are steadily receding from each
other with constant decline in the value Of land and
man. and constantly augnentIg difficulty in obtain
ing the food ard clothing required for mans support.
Like these United States, they are becoming from
year 10 year more dependent upon foreign trade and
less able to maintain commerce among themselves.
Turning now Mr. President, TO the England OF
century since, We find precisely similar state u
facts resulting too from causes precisely similar
growing dependence distant mar kets, attended
with increased necessity for the of machinery d
and wagons, sailors and wagoa-
drivers. The price Of wheat fell there, regularly,
until at length it reached the very low point OF zlf3
per quarter, little more than half dollar busha
remaining high in price. 80 soon.
however, a market had been made at home, the
price rose-nenry doubling in the frst decade, and
further advancing to an average Of 81 al or near
which point it remained for fve-and twenty years.
Cloth and iron. during all that time, were becoming
presenting, in the constant approxma
ton If prices, the most objectionable Of al the evil
dences Of advancing civilization.
The whole quantity Of food for which Great Britain
then needed foreign market trivial 10 a degree
the average export in the decade ending in 1855 when
the price was lowe t. having been only 1000 900 OF
bushels and yet small as il was, the necessity for
going abroad to sell produced the whole Of the effect
above described The regulating market Of that day
having been the country the Rhine-then the great
al of manufacurcs-the more that was sen. 10 II,
the lower was there the price, and the lower that
" hich could be obtained at THO place of production.
The 1900 600 OF bushels thrown upon that market
must have caused a reduction there Of not less than
To- and more probably 15 per cent; and that reduc-
ton extended itself 10 he Wh0le British crop, what
ever was ts size. So sOoD, however az market had
been made at home British cOrnceasing 10 go ABROAD
10 affect the prices of foreign markets ana
then British prices rose to the extent we see them TO
have DONE beause Of the doHJ saring to the farmer
from the dminuton in the cost Of transportation and
from the Increase Of prices in al the markets OF Con-
tineuta Europe from which supplies might otherwise
have been drawn The amount of that saving, prob
ably was 500 600 0C0 and was the effect OF an In
cresse in the rapidly Of the socetay circulation e.
fected in the short space Of twenty years by the very
simple process of bringing the consumer 10 the side
fPok where we may Mr. President, we find that
men become more civilized as the prices Of mate
nal, tend 10 rse and 10 approximate more nearlyto
,bose of the finished commodities required for mans
cnrsuuntion Such being the fact. and our policy
tending steadily in the reverse directioe you can
readily account for The daily growing tendency among
In the Of these years only Il that gold snd silver oa
had eeaed circulate because Of difficulties rrng rom inc
events of the The scppss- toos Psce N zoe sn,umn
isl the Treasury year oloses with The Autumn o o Tn
however. some q the lowest Yeas Of the pcosc-
Report u the Committee OF Commerce and msno.tere.
pray 49, 1916 The effect thisa domestic deuand upon
he price Of cotton shown By the t~ ts' me s,srsse 's
tho var it, Lu tho dcrnestc nsnu'tur, had Aaio
sistr. aed .alk 10 OtSo,Gt Treasury Rsp"r' tser'I