New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-17
FINANCIAL CRISES-THEIR CAUSES
AND EFFECTS.
MIR. CAREY TO MIR. BRYANT.
LETTER ELEVENTH.

LETTER ELEVENTH.
From The Evening Post, Tuesday, Feb. d.
GAN EXAMPLE OF THE EFFECT OF Projection
Among the commodities which have hitherto not been
now included in the list Of merchandise to when the ao treaty
with Great Britain the pSm e. o French cutlery
the cutlery British Islands have been at hIss
ton Of in the articles from the work
shops q II s a the RSf Jaws
the nrroke polish which distinguish them nave io years
been the admiration Of the world sfsnGn poE
proper wanting TO the artisan or was the pro-
This not ewing 10 any psrsmOny nature either in
plying the material wrought the faculties Of the artisan
Weld meta an eIceeDt quality French Of
the ingenious ard dextrous in the world In all msnnsc
workmanship the may said excel the rest Of
nsterss their sO hands tsbcste ses
Of the pleasing and becoming forms What then the
that their cutlery SO much inferior to that OF Great
In all probability is that which a. time caused
made the people Of the country complain that their glass
both bad in 9d s in IN
British having the monopoly Of the msret there
inferior quality his vocation did not flourish and both he and the
community were dissatisfied So with regard to the cutlery Of
ee lie. The foreign and the French commodity be side
By side for few years in the Of rs tn
may pledge ourselves that the French
will sh0% due time no Ts pehnd men bs.
so much puzzled the friends protection in ssr
caused HUNDRED different branches nauy to
spring to sudden and prosperous activity"
DEAR Sir: Anxious that all the protectionists of
the Union should, as far possible have it within
their power TO study both sides OF this question,
here you see lay before my readers your latest
gument against protection, thereby affording them
that opportunity of judging for themselves which you
so systematically deny to the readers Of The Post.
Why is it that 1t is denied Is it that the British
system can be maintained in other manner than by
such conceamen of great facts is here 30 clearly
obvious While enlarging upon the DEFICIENCIES OF
French cutlery resulting from protection, was 1t
necessary to shut out from view the important fact,
that under protective system, more complete, and
steadily maintained than any other in the world,
France has made such extraordinary progress in all
textile manufactures, that she exports of them
to the extent of almost hundreds of millions Of
dollars annually-sapplyiDg them at home and abroad
80 cheaply that she finds herself ready to subs-
tute protective duties for the prohibitions which have
80 long existed Would it not be far fair and
honest you to give your readers all the facts in
stead of limiting yourself to the few that be made
to seem to furnish evidence of the truth of that system
to which You 60 much attached, and to which we
are indebted for the financial crises whose rnous eff
fects you have so well described7
Why is it that the French people, while go successful
with regard TO silks and cotons, deficient in re-
spect the production and manufacture of the various
metals The cause of this is not, you tell your
readers, to be found in 4" the parsmony Of nature"
and yet, it is welknown fact, that while the supply
of coal and iron ore is very limited others of the most
usenl metals are not to be found in France. This,
however, is not ALL the parsimony Of nature" which,
notwithstanding your denial of it, so certainly exists,
being here accompanied by restrictions domestic
commerce of the most injurious kind, an account Of
which, from work of the highest character, will be
found in the following paragraph:
"By the French law all minerals Of esery kind belong the
oroUs and ne only gdranta9s ne proprietor q s .oI sVg
CrOvn survyr There great difficulty sometimes in even
obtaining the leave Of to nk shan the property
and 10 psy the rent usually Ss%arded certain portion Of the
gross product The Comte Alexander de R been vsiny
seeking this permission for lead mine on bis estate In Brittany
for upward Of ten years"
Having read this You cannot but be satisfied that 1t
accounts most fully for French deficiencies in the mining
and metallurgic arts. That such was the case, you
knew at the time you wrote your article or You did
not know it. II you did would it not have been far
more fair and honest to have given all the facts II
you did not is il not evident that you have need to
tons Of such high Importance
Turning now from French cutlery 70 British glass,
find you telling your readers that the deficiency p this
latter had been in all probability due to the fact,
that the competition of foreign artisans" had beenso
entirely excluded. On the contrary, my dear Sir it
was due to restrictions on internal commerce, glass
having been, until within few years past, subjected
to an excise duty yielding annual revenue of more
than 100000. To aecure the collection Of that rev.
enue had been found necessary TO subject the manu-
acturer to such regulations in reference to his modes
Of operation as renderedmprovement quite impossible
From the moment that domestic commerce became
free, domestic competition grew, bringing with 1t the
great changes that have snce occurred That such is
the case, Is known TO all the world, and yet lind no
mention Of these important facts in this article intended
for the readers of T2e Post Would they not, my dear
Sir be better instructed were you to permt shem 70
SEQ and read both sides Of ths great question
What has recently been done with Britsh glass, Ia
PRECISELY what was sought 70 be done In France By
Colbert and Twsst, both Of whom saw In tho removal