New-York daily tribune., 1865-12-29
OUR REsOCRCES.
Lecture By Henry e. CAREY.


Lecture by Henry &. CAREY.
Henry G. Carey, the eminent political econo-
mjst. Of Philadelphia, delivered lecture before tae
NewYori Historical and Statistical Society last eve
ming on The Resources Of the County," which "as
heard by an attentive audience He said:
Creot stress u usually laid uron the extent of cur yet
unocenpel land the vast deposits Of fuel and meias
under our soil, and Of our growing p"puliloo. fet We
find In Russia, Turkey, Canada. Mexico ana soDin
America aud Ireland countries where the aHn bhs W
smallest money value and where labor - dearest l.o
slave So in the Southern States land j. chr'pcsI
capital less increased interest high aud nbcs
In New Fn-iaul we find land scarce, man nee eap'
plenty interest Lowell tompae bitlln ,nu - e''Ia 10
in one, land Is higher pg' i,e,s, in tbc other
irope ana money Rt tie lOwesI Co,,n.r.
loapit / is scarce, labor akin 20 =. .'p'l. 80
France and Turkey with Empires Of a1os 49, 81
ural sdysnages' yet lard N ine "rr'f Is lliD,
tai alundai; IN the later. viii It's climate arg nhs
ores has a depressed labaI landl0g, .',,-!M ssfSe
and interest high. 50 OF Germany. loIiy s.afs
she exported wool aud sGd imported cloth and ipa
peri then her people were poor her lands oN ana he
position inferior. Aow. she imports bosl wool ana
rags and o1rsfis cloth and paper. Is stfong ana re-
,peetee abor ha. .iseD, capital abouDJ' aai iA'e'es'
Is easy. ,-,. 10, ,,,,.
perity does no, follow from literal ne.uiai gus ih'
are dyisble into two classes ihos" "hch eApo,t .'
hoiurs them and send them out 70 al m'iA,H; IN lo
one cass land u low, capital scarce labor ehylsiiu
and In to other the reverse ile same "a. ,i-.le.
70 be seen IN our own sta,gs nl, s',s =. ,he
depoef la the language Of Mr.. Pcsbine ~ - lHo
grow ia Of wealth depends on SECRETARY CEcuiat"
Products are inert between production ma eoisH"P
tim" Therefore there should be iAi,iiaflob 81 lvI
Wasse ooss Inc rhSers.s .se'a,. S,-a;,aG.
lby having 70 wst while they nie iransiefTci 10 rll
chester or Lyons for consumers 80 OF yoih' i0onc'o
beef rice and cotton The amolni oi tuca pe'Tl'
s Ian ;bos:sH6 c:sl,' rsdS, sGss tue war S xd
Y had side by side with the producers iaos'F.--
I Of cotton woolens and iron 70 faTunsh whatever
the farmers wanted. The inteIest would have been
saved In nations as in individuals rspidi1y o' eiI'
culation IL the true economy OF labor an, U'nshs'
~ 80, n, force Ia tue countries named es..not
H. iess ,hsn dyesiYthe Isl wonderful "-s capital
! stani5 ne scarce aud interest high
In s5-5 charitable associaioIs were feeding thou.
sands Of unemployed Iascheoies ahd tier isn.l.es
Men and women we're unemployed. mines and furnaces
.topped mills and msciine shops closed. aud farmers
PEELED to their products because oi lo| piccs
JwothiIds Of oGT productive power WAS theh wasted
Estin ating the national labor power az sVVNVuo men,
aided by machinery and It's value at e. t0per heah per
day the loss would have been s!3OcHO". OK s'OOo''
The straw in Frence IS valued nj s5oo0O0N year,
bat throus shout the West il is Destroyed Tor amt 81
MARI I. The manure oi Lns'anu - raIsa -, ,ai a.
country is unused, 10 the great detriuch OF the sou
and the general health. Tho mineral constituents o.
800 coo 900 bushes ofcorn and grain are ycay wasted
Agriculture is perpe.uuly Incorporating hitherto use
less material BY deep plowing he iucrcases the are
Of his available soil by draining lie aids 70 his crops
lis so The more he takes from hrs lend Tie more h'
can return to IT, provided bis market u near Nonlns
grows In vain; but In order to be ut 2ed there must U
diversity Of fempOymcnis ard nssoelnt0ns. 5ut tepai
ss roducor and consumer ana al these mutaar
ments arc lost Tie time IS wasted for wait OF choice
emPoynenls lie wastes ss rae 1e ahu trees s1@ or S
asbes He desoys the fiber of tho hsx ior ne seed III,
sells his wheat in distant market as aso bn lops ant
cattle, and thus lmpOYeTisnej DIS ihhu' 'Vpai"ol
really ought 10 enrich coils.
! We have land in abundance uncaiyated. timber ir
abundance unhewn, ores in abundance uhhlned an,
Il rnwrought; we have pieBty oi coa, more thah ~
y Europe combined With which 10 multiply our strength
\, Why do VIC not mine 81 Because We need capital q
o sink saaiis and build engines. But rs he'e shown
m we were waiting in yetrihed capital millions on mil
10 tons Look at the results In California anu the O
u Regions Greater still would have borntie eSubs hdo
IA We mined Orr coal end iron instead o paving The way
- for Southern Secession. But ina population
- we have &c great variety Of mental faculties as lace
:. greater varet than any other pcOr!e come n ins
d sutcd 10 one occupation. end come nLother There
need. 70 be variety Of pursuits 10 TT them all instead
OF having continually tho rouhd man ID ile sguie Oc
% the square man IN the round one. Ioi want o "a,
I. The cost OF the prodncsrs the MILL to nlne the ur
h mace and factory were closed, and oil turned 10 I'VE
v upon the products Of he soil ana tns aniisneu oqi
Il total prOdueon The power Of accumulation ~ III
Is proportion the rapidty Of circulation. Al NAT int
J. 1t sadly sluggish. and. as told ny friends ~ni
% costin the country 81 COO Cye OOO year Tie waste
was at its hight 80 far o. 2OO0 90 Of the Northern
'' people were concerned. throughout Buehannn's
A edIninstrntion. Our exports Of breedstniis were
o rot needed IN Europe hhu lt'i WI ~
average n year. Corn was being burned Tor fnel
o Labor Was in excess and men were seeking employ
J. ment Dumesti intercourse was so slieht that ran
road stocks fell to average OF about hiy per cent
!, For years We had been trying tbs experiment low
mnch labor could employ Tor le least result 80 that
! we could hardly borrow hundred millions.
Tbree.ffths Of the nation nitcr Mr.. Buchanan was
upseatcd commenced work requiring tie services o
more than million OF men, more than fVo per cent
OF the total population These ehp fed clothed trans
: ported and cared for in u inner mover before
cqusled beside transporting an enormous amount OF
material which has left monument more wonderful
than the Egyptian Pyramids. Whence came tho dii
f,roucei How came the people to he able 10 con
tribute a thousand million Year, The answer is That
the conditions of National existence had wholly
changed, We furnished our own circulation and
markets For the first time thero was presented Q
3 nation In which the demand for labor and all III
) product3 went ahead Of the supply
Why did life and energy 50 rapidly succeed paralysis
Not man beforehand wOnld have fOfeiold that The ah
etraoton of million Of men from labor tc DO fed and
clothed could have produced these effects 70 was Tho
force resulting from activity OF Circulation existing
10 despite Of and not IN consequence Of Gosefnmenta
Necessities Suppose these millions Of men had beer
n sinking shafts mining coal aud ores. combining th'
two into all the forms of iron nrticel buding h0nse
and flc ores with bricks and lumber and IN Furnishing
supplies OF raw material for farninhlnB hats, coats
plows, spades axes aud TO building engines, whereof
lie power Of would have been ID
creased millions Of timcsi Wa should have produced
taDnusy g. OO0 600 go beyond our present production
As& tWlisLipy market W. ~ lAs EesE