Daily Richmond Whig. [volume] (Richmond, Va.) 1861-1862, 1862-02-12
W. G. RIyES.
WYSDHAM ROBERTSON.
GEO. WOODBRIDGE.
T. V. MOORE.
J. L. BURROWS.
D. s. D0GGETr.
J. b JETER.

II NEITBER ENGLAND OR FRANCE REMOVE THE
BLOCKADE. HOW CAN THE SOUTH OBTAIN TIE
SUPPLIES HEREToFoRE DERIVED FROM THIS
NORTH AND FROM FOREIGN COUNTRIES.
To the EIitor # the Wig.
We must produce them for ourselves. Can 10 il :
The ical tables prepsred by DeBos from the census
Of 1850, show that in 1850 there employed in mar
ufaetures mining aud the mechanic arts in the United
States
Males. ,I94l9
femllts 225 5l2
That their wag.s we're, S22s, 1876 S17
That the capital so employed WAS, 627,2G9, log
The value OF raw material used Was, 55i, i,jj5,CSS
Toe value Of ANNUAL product Was l0lS S9j 4G3
Aud The ANIMAL average profit was, 4s 43lOO per cent
IL a'so appears that there Ia the sayehodiDg
States rs Gao establishments employing
Males, 1905
Females, st S5S
That their annual wages we're, sS8 So, ,7le
Tia! the capital employed wa,, % 9lS,H2
Value OF raw material used Was, 81 52s,7s5
Aud the valae Of the annual product, l6I ,9OG,OSJ
And the annual profit, As 49lOJ per cent
We learn from the same sourc, that the profit On
10 SIS 927, 30 employed 10 Illinois 1ss5 per ceat
and that the profit OIL s. "a co. so employed in Indiana
Vas a Is 100 per cent;
Why do We wish lie interpretation cf E1ghui or
France Is il not that may exchange the surplus
products Of our labor for such commodities As Ne d.
sire TO purchase and do not ourselves produce in su
cient quantiiesy Ii II consequence Of tie
uot obtain such commcditie from SbsOad, then NE
must substitute for them others which produce
At home. Why have we heretofore exchanged the raw
cotton for tho manufactures OF England and France
Was il not because England aud France bad inv sej
large suws in machinery and were enabled TO lrod1ce
textile fabrics at less cost than they be polucsd
without machinery II IL not because England and
France machinery that they enabl 10 u1dersel
the cheap labor OF ndia and China In The Ildan and
Chinese msrkesr If this be So then all that rqriroi
to enable US to produce ss ehcap goods at hom,
can parchafe abroad Is the requsite micbiueiy. Tse
statistics we have quoted, If reiiAbl' prove that ao
ald capital employed in manufacture, muicg aud the
mechanic arts pay larger per cent prS than labor
and cipitsl employed in raising cotton an 4 obIecl.
Why then may not Manufacture for OurselVesy l. 4
not because heretofore money has been cheap in
land and France and dear with us If this be thea
al that we require enable to manufacture chez
goods as we buy from Eagand and Farce Ia that
money may be a. cheap here az /: is il Engand and
Ffance-ior it ia with cheap money tba! they obtain
machinery and it Is with machinery TIA. they make
cheap goods. Gan we 60 oTganiz, Rlancisl 81 STEM
as to give Us the of money low ra.e of inte
rest aud in as great abundance il can DO had in Elg
land and FfanceY
Kelly in hs 0ambist divides monsy into real snd ian.
aginery. He says 'the real are coins, bank noies ,
the ms gnary also called id,ai money! represen
ted by any coin, but used in keeping aec5unts-
They understood to have had their foundation in
real coins weights which the original uliia aiep
ted as the value, and which have been
nued under the sans denominations Notwithstanding
The changes that may have taken ec in their iatrlfic
yeue"
Co.Well says The money OF account Of Frarca, Eng
land aid the United Safes competeJ es,abiJhed
and their functions as completely performed else
whsre although the f,aHc, the sovereign pOlud and
the dollar coiGs agree with the unit Of hs ,1sy of
account. To understand the system of money in any
country the first regulate is to know ia Wha. terms or
ienOnos,ions accounts kept, prices fixed aud ex.
pressed ard all the dealings Of the people carried On