Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1865-09-09

Il IA evident. from the tone of the press,
sud slso the utterance oflarge conventions
Of the leading business men Of the country,
that popular sentiment Is steadily sod calm
ly settling down iufavor OF the policy OF ex'
tending adequate protection 10 the industry
Of the country, sgsiast the competition, Oh
Foreigners, Meu see that nothing else
cen save ne from exhausting deple.
tion, not only Of the precious metals, but OF
what is still more essential 10 our hnancisi
stability ard continued prosperity. our ns'
tiopal securities. The vast food Of import
stiops most be checked, or before two years
there will be such collapse as this country
has never Witnessed. Na -o 'm
AT home. these national bonds ares
source Of strength, o solid foundation upon
which our monetary system rests--species
Of capital, which imrsrts security, activity
aud enduring vigor TO every interest
steady and advancing value 10 property
and which will keep the channels OF CT Gu
latiou filled with safe and ever improving
currency. Could these bonds be retained
10 the country aud perform their proper
fouction as q basis, a return to specie pay
meuts at.an early day would be both safe
and easy. But il they are 10 be shipped
abroad iu exchange for commodities which
we Gun and ought to produce among our
selves, IL Is folly to hope for q return TO
that desirable state of things 1t is simply
impossible. 49,.
WHY is gold at premium OF l45!-
What keeps it up to that 6gureG Is II be-
cause we have too much paper currency
saos,i Not ct all but il is because, un
} der the present state OF things, importers
are able to pay that price for 1t to ship IL
, Europe for goods. They keep up lhe price
. not willingly, but because their exhaus'ing
business has that effect. Let US, however
cut down these imports 30 that our exports
shall balance them; then the pressure up
!, ou the gold market will be relieved, anc
: the Is d,ffei epce between our metallic ant
: paper Gu reucy will rnpidly become less sut
i.ss, udtil it will be perfectly safe to re'urI
|, to The old state of nihiugs. Then price,
: generally will fall 10 the same ratio. snt
( men eau afford TO work at something lik'
Q the rates which prevailed before the war.
e So long as We suffer excessive impor'a
( tions to be profitable, SO long will men i'm
, por, excessively. So long ss these exces
sive impot,aiious continue. so long vii
D gold keep up. So long as gold Keeps up
{ so long will war prices for everything, wag
es Of labor inclueed. prevail. Aud th
0 longer this abnormal condition ct things l
' persisted iu the more difficult will it be Il
J, set them right. .'' 'i'.
The war with its emo, nous debt, hos i'm
posed protection upon US as necessity. W
cannot tfrord 10 employ msnufaclurerswh b
e do not live among Us. feeding on the pre-
}. ducts Ct our gold and helping TO pay ou
taxes. We must import mauufactu'ers.--
not manufacturers, We must pay ou
interest; but it is TO thelast degree import
ant that we pay it at home. 30 tha
it may flow back into our own char
,e nels Of circulation. Interest paid Q
:. home canno, impovsrish the country; bu
interest. sent aboard will bankrupt il
sure as ever an etfor. followed an adequa'
N mi /. rf r...