Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1862-10-07

markets with much Of cur prsducts. But We have
heretofore endeavored 10 discuss this subject lnder
its appropriate head and to those who may have
read what we SD there, Whit we might frther.
add here upon the subject swould be but tspeti4
ton of what was said there, We alude to the pam
phlet entitled "Our Currency
Protection of our domestic industry. No man in
the CeHtederacy would advocate or urge 1t more
earnestly, or more strenuously, than we would
Would that we could do it more torcihly. We all
know, and feel by this time, certainly the necessity
and importance of so doing. Every days, indeed
we may say, every hours experience almost since
the commencement of our troubles is admonishing
us of it in way not to be misunderstood. But let
US effect it only by true, polite and safe means
We would not endanger the safety and integrity OF
the Confederacy for the sake of it and for that rea
son. would utterly discard tariffs of duties and adopt
the means suggested =
But, say the sugar planters of Louisiana, or the
iron makers of the various States would the means
of protection herein proposed be adequate2 To the
sugar planter answer that the reasons are by no
means obvious, why he cannot cultivate the sugar
cane and manufacture it under " pro rata condl-
ton of our currency, compared with other curren-
cies quite cheaply as it can be done under those
currencies or any one of them. 1t he cannot, then
we beg leave to suggest with due Difference, that
the important enquiry arises for his consideration
whether it is worthy of his further pursuit. and
this enquiry, we beg leave to say, is pressed and
urged upon him by the highest and most important
considerations; the integrity of the Confederacy
may hang upon it but if he can, then clearly, he
has the cost of the transportation of the foreign
ticle the time it requires and the consequent delay
in receiving payment for it; the risk or insurance
of it. commissions storage and other expenses Incl
| dent to it. all in his favor. These surely ought,
certeris parici6us to afford him sufficient protection
and large profit. The iron men are in still bet
ter condition. for all competition with them is at
much greater distance than with the sugar planter,
and the only sound reason why he cannot make iron
of better quality, and at lower prices than 1t can
| be made in England or Scotland, or elsewhere in
Europe is the great difference in the comparative
amounts of the currencies of the countries is
unlimited and inflated one, those of England and
Scotland and indeed of all Europe are limited and
much more contracted. That of Germany, for in
stance is, we believe, it not many years since,
we know, confined to gold and silver. Besides, all
| the material for making iron is much more abun-
dant and under pro rata currency, would be much
cheaper here than there; other sound reason can
be assigned for the comparative cost of iron here
and there than the difference of the currencies of
the two countries And it is with sugar and
with iron it is with the manufacturers Of cotton,
and indeed with most of the articles that have been
imported so largely into the United States.
But shall not indulge, in some degree of retail
| iation upon foreign governments, who tax our ex
ports to them, in some cases, so enormously? Yes,
ana That by the very means ABOVE suggested Ior the
protection of our own industry. They will do it
effectually, and whenever currency shall have
been made to bear true pro rata relation to theirs
shall have at least three thousand miles of
transportation aud every expense incident to It
all operating tariff in our favor, but without
any of its deleterious and dangerous consequences
but let not for the sake Of mere retaliation, CRATE
full as the indulgence of it may be to our feelings,
be suicidal in the means we use for eHectlng it,
Let not two edged-weapon, which, whilst
it may wound them, must sever US in twain. The
of the means suggested, will be no experiment
They have been tried for years-are now being used
eectually herein before stated the other side
of the Atlantic and their operation upon us can
only be safely counteracted or prevented by our
adoption and use of them. We can descend as low
in the scale of currency as any of Them and that
not only without detriment to ourselves, but with
great advantage. To be the great deposit of the
refuse and trash of the commercial world, at any
price, is not very desirable by any means but to
pay as we have done for it. is folly in the extreme.
Finally, we say, by way of brief recaptulaton,
give us free trade Eschew tariffs, raise the neces-
sary revenue by direct taxation; encourage domes:
tic industry, promote foster and protect it; give
to the general government the control, management
and regulation Of the currency; and the Southern
Confederacy, by careful intelligent and provdent
regulation and management of it, and by a course of
wise and polite legislation, in other respects may
attain eminence never heretofore reached by any
people within the limits of historical record. Our
ardent prayer is, that she may do So and that Est0
perpetuG. The AUTHOR OF
"0UR CURRENCY"
Raleigh, Sept 1862.