, 1865-01-18
HENRY C. CAREY ON THE PAPER
Duty.


henfy T. Carey has written an ingenious
icttcf, 1u'l OF sophssties, on tue paper ques-
uon. d's s1atement Is lint but TWO branches
o. OUT 3nonstfy nave been protected from
1orc'gn competition, viz, the production
ol negro ,1sla,t saves ana .nat Q. ne"sPapers:
ro7 ne trnds IN 1roa ennd III cor5 ~.
into chattelt, for which he eould obtain eight Or
conId " ie imnorted from aro.d VIZ M. fs
necausc Congress had prohibited foreign compel
, Hon, anc nua 10 aln tne eonuo1 o' INC
II sfr;ecs 7,s that -.7r corr ,,ae hill ,non a
IL eu1hcs Us tuaL AZ. Safy Aas LIT uPon .
49, co-t;r,,ot,o, ~ mo,,,,o1v courses ench
1hc continuation VI iuonol0!s eaueee ea
compctitlon among Inc monolFouslss anu
that their cxorbitant profits, Invite so mnrh
new carital. as always to bring prices down to |
a lower f,crre. than before the protection was |
otfnrdcd Yet hc instances thc negro case In
-r,,,c,, .,ou,,,, The s1.ve.hrcedcrs competed
''.,.t .ac,, atncr ~ scv,.ntv.oye years. their
,,-oanot .,roxs 1,,onch. tn ns,. lijs ogn Ian
p',.aa :. n,rht ~ ereS tsr 4;nes tl,e nr;ce a,
S.,,et e,rn;1nr machines co,1d he imnorted
,'-aas,, ~. on1, ali +ba cont1nranco
~ 1,c nonoro,y md Of the enor,nous profits
ao-tvod f-ono # fa;1 In t,r,np down the ur;ce
,,.o,,,.o-z y. +,,a csso ~, ho,'o,f oe
49, ~. rr,o,,,7,o,,eta Int Il h,,;1t M an IN
1us 4'...., l"ps' ~ .sl a-aaa ~
.u.uoA ~ ~. c.. - .-.,.;,,, =. -
Wsons'o. ~ ~. ~ ons.e 49,. - ,ua,..,.,.
aoo ~ asean' W. A'.u's' n'ee's11'te fo"e''
sue ~ on ~suN . ~, ,,.oaa ,
w." 1850 s4 ~. sa..Fss
80 Wv sa.etep ..he tes ~ ~, -. .se. ss
VI popes1ou' ue.o0 A." u tuat sau
never NC 1epea1eo' Ane'ls.n ne"epspe.s
sa,.ho o. w n"poI,eo 4so'n ao1oaa' in,s -
nsrFaet,a - nonopo'y 1n nos Pso1eeuon, 'or ~ a'e
4hs sa1s. '.s 80 ~ pfoouce ne"sE'ape1s upon
Them. ." eo'se "uo no" pfoouee
Mr.. Carey e5tes .,s
good win OF certain ncwan.nsrs .sa, p,.ss ol ens
ned at hundreds OF thousands ar do,,a-s 10
get, never cost its propeietors shilling. And
YET IN the next breath, he shows why that
GOOD VIII Is 60 valuable. s'To start news.
pper IN ne" tork, and 10 continue it long
enousn 10 secure the circulation without
'n'ch advertising cannot be obtained. is a
"osk lna1 certainly cannot be accomplished
o-day short OF $2'o,ooo. 1t might cost much
nore than this, and evea then 1t might prove
q failure."
Docs not this clearly show TINT the good
Will OF an established paper costs heavily and
is OF great Vaiuc. IL costs not only money
but ume, talents, LABOR, repotanon and etet
good fortune, Tor al 1hese arc required K
make newspaper euccesstul. Ese15 success
1al ne"epaper represents al least oozen 1aal
ufes. II Is Inc pruoen1 lear Of tnese 1anufe:
"nicn a!one prevents ne" enterprises ano
renders eio ones psonsao'e- 1he paper man
u1actufef nus no sucn monopol5. oecause nc
"cu's no sucn 1lsh- Every pouna Oh papef nc
makes nc sells Z, 'e1f pront-
bot suppose m1. casey's statement 1na1
newspapers arc monopohes ana Tue sources
OF cef'a1n ana magnlneent' ont nnaeseFVeo
ana uncafneo, fortunes were True, and
tnat PeT'ectly secure asalns1 DOM
1ofesn anu uonAes4c eomtE11dun' @nes
-, -. ~ p0o
nc al Inc oufoen o WHICH tney no"
80 mncn complain, the 1o'ne. oue ccn' paper
no" oeans so1o ,oa @ t"o anu tue e"o cent one
1oI 4ou'-'ne 70, olue4 eueH osns NV
Wno1e cos1 U tne l@ls1 tn4I - aseo " -"ouia
.ne Poone' "no a'e ass,,s.. as -. 'us 'uefcs VI
1no l'st .,.st.nI ost0Si-
~ ~, ~
nonolu1' ~ tus lape, ~ n'ailulacta1cfs: 1ne
ne"sPaPe4 .'' n'onpoy' ~ ~ te1,S's' ea's1 " Tue
aorce u -, S,leu'ns saancee ana cannot % re-
Iencu 1As pspe. monopoty sHsts ny acs
u eonss e. - ~ ~ w. oe ,spz.leu. 4na1 We
afe eeD1ee. " .No n"As oAoao'e esu IL ao tea
eon 'ot euole.ns ouse1fes 70 anotaer "aich
@Seu'y "so'
Inc = "no'e a,se"ent o1 Mf. cafes Is pased
on .ne assumption u lae very 'aet "h1ch We
oec'ale ~ ~ euNe1eu1 fea.son 'os fepeanng
.ne nnpo. uats W p'me PapcF' VIZ that IL
Keeps W s"e l"'se W paper aoo'o 1ts nasafal
lesel, ano 20 ne'ps lne paper Manufactured.
Ihls MI. carey 1aroagnont admits. lie con