, 1866-12-29

and IN this vicinity held mectangs on Saturday TO
Ietnal Revenue tax on their manufactures"
This is infinitely more sensible than to be
impottunlnC Congress to pile moro duties on
top Of those now levied, with the view OF
making goods dearer 10 the public, The
present tariff on wool1en and cotton goods
is f1Nr to sixty per cent on tue Invoice valu-
alton, and II our manufacturers ''are per
i=hing," as certain class OF random ncws-
paper writer's nsscrt, 1t cannot be for want
Of projecting duties, which are now higher
than they ever we.c since the be- inning Of
the Government.
The present stasnation In trade Is not
difficult to account for; the causes arc plain
and palpable: First, the policy of the
Treasury Department to force an early re-
sumption Of specie payments has created
distrust In every branch OF bus1ncss the
heavy decline In gold Is pinching all Glasses
Of manufacturers and'nerchants who have
stocks Of goods on hand. They find the sel-
ling prices Of their. goods constantly falling,
and they are obliged to sell either at a, loss
or without realizing proflt. Banks require
larger margins on property pledged as sect
rty for discounts. Manufacturers find them
selves unable to pay their operatives as many
.reenback dollars with gold nj $50 az ro1a Al
16O. In other woras t.1cv cen,t !, ,drnn.o a..
wages OF their workmen twenty per cent on
Il failing market for their Goods And 4be
workmen refuse to receive tie came amount
In gold for their labor, which WAS
psld to them for the gear preceding
Last October. The consequence is.
that the owners Of the factories and mills
are disehnrgfng part Of their emnloycs.
working On short time and otherwise reduc.
ipe their productions. If the operatives werc
willing to work for the aa1ne rate of waors
calculated on the gold basis. that was raid
them from January l, 1865. to October |.
1865, We presume that most of the owners
would continue to employ full sets of hands.
1feold continues to fall the present stasna-
tion must necessarily grow worse. More fac.
tories and workshops will close up or great
II reduce their force of hands, unless the
rmployes shall meanwhile consent to cati-
1nate their wnrcs On tbc oo1d .,ss;s h,,t th1,
vii, MT he lone without . s+.,,r',1o ,-,,,aI' I
will c.,st tens n, thousonfa ~ tSarn s,.na
liens ard c1ose m hnn1r.da M ~ 49, a4..,1,ti, 9,ua
mcnts,
The second cansc FIR Tho ev;s3f,, ao,-o,
sion in trade Ia excessive NotIonaf st,ta
and local taxation-but csnec,a,1y Tim for'
uer. During the wear 1s,o nou- e,d1n, ~.
National Government has Tece,vca t,ra hans
dycd aud sixty millions NJ revonvo .ro
hundred millions oi which woa col,,c+od -
gold. Four.flflhs of this enormous taxation
lions Of people parth Of %asea aa 'ey $ pizons %
.,.s,.. 49, ""1.a y. Ino eoseeunent
sss,s IN NO ,a..a. s pc,iou a,aounteo 60
s,.,s ,1.iuues al taat WAS
f.aa. fte ~ ~ eolo!eis hno Eeanen, anu
s,e.,. '.sI.., "at oeo'e' "nat became
s..,,,s ~ ,ns 4ass y. ~ 'uc 'aonc5 hundred
nlh,ons u II WAS expended in paying of
ee1alheates o. Indebtedness, temporary loans;
twenty millions were In the SHAPE of green
aess called In md burned, and the remain.
der is Withdrawn from the nctive capital Of
the country ard locked up In the vaults
Of Inc Treasury, where 1t lies idle, neither
drawing interest, nor stopping interest,
So*' .nls Tremendous taxation Is Just that
mucn auaeo 10 the cost Of manufacturing
nha farming IN 1his country. II would be
sa!e 10 estimate that 'one-half Of the sum Is
santfacted IRON the fruits Of labor and
tue ether half from the profits Of
capital. The goods sold In the United
states during the past year cost the con-
eumefs one thousand millions Of dollars In
currency more than If there were no national
taxation. we prove thls assertion thus:
EcyrnTe collected IN gold ssoo, ,eAo1o
ne1rnne - enIerted z c;r,sr.. f19
.:---.s.-. SS
geaEcSa' prons on .s.ns j; n:r cr,7 20 ~ ~
~ -e---...-
'1sse'sa 'fom coneumsIs. ~. noH,ooo
tca P'oA.s' tAh1nS Inc *hole fEuge
y. al1 me4auane Aluoss and tooaccos,
.,.s.-'s.a,.a 49, D go. .nau NJ! per cent on
~. -, 80 ~ ftsa pllecs, nno
thar, Nv, h,,nd.at r-9,,,as - "sutcs Twelve
cali II the smn1lcI sn;n .na ~. .a".s ou1
oht,,n an Ids. ~ ~ r.,,.. sc.. s Iau
dcarneEx of stnr. t,o,ss rs,na.sA. h.N.. eise
c1othi1r fnrr,tnrs honl. t.,~a5.
and nil articles of nnna,;,n 80 80 uss'
Tho rrr.d, a.. az .s.:,..,ssN
hns.ncss ,na a;,,,,c,.,t,,n h..s .,9 1.'on ~ "
frct1v simnie. IVA r. ~. 49, - 70
.,a,esmau ~ Tho brna ~ ~ T.es.,,.., 'a ."s..
of nar1ow- onIn1on.+rat th.n.,.s ...so,. ,.s.sa
carving ont hohbr thc mi -. w.
industrial pros,eritr of tho car,,, :. .,..,s @
not exist, The f3rst th;nv that 2o.sras.
ourht tn do m ~. ....or,,,,,.. -.
CuTE0EF = Inn
NcCu11och br rcneo,,nr ~ =.
retiring four millions ~ grcc,,,.ct. ~.
month second. to order him IA sc,, ~ H.
gold in The Treasury down 70 s,5 On1 m ~ sna
invcst the proceeds In 80 or SEQ honds
third, to order him not 10 keen norc th.n
<20,M0, 900 Of Idle currency on hand hn, n
apply all over that amount In the nnrchase
Of intercst.bearirc bonds: fourth. Ia d,rcct
him to reissue The twenty m{,,,ons n, c,,,or-
backs which he ha, ca1led In ,rd hurnf .rt
invest the proceeds in ,nore 3ntcrc,t. .h.sr r;ne,
lends: fif1h. 10 order hin, IN rc,,osn ~
compound le.al tenders AS f.rt n, tnsr ~,
4uc. with rcw Issue Of nlain ,eoa, tend,.rs
80 that tho l.t,cr win ali ,nc yacrn,n .s.s'
ted by Withdrawal or the former ,na 80.
to The public te. mi1lfons 4 sear Of Interest
Lastly. and most impor,.nt of oil Iat T9o,,.
ercss reduce the reve-ne IN ,ho ,,In,,,,,.,,
That viii sunnort ihc C,vcrn,.., :, ,,r -
nea,inp ;ntrrns1 tsrot;o, ~ .nan,'. :, -.
and fnromcs md -ox4a,a,, IN. So. II,
snrb f,,.;cn rnr ,,,...,.,. -. r
IN A,ne,ir.a rr.,,,e..t.s - Iseen'As
othcr mo.,;f5c 5csttoa ~ ~ s,II aae N,As eucn
r,o,e hn,,,. ;,,Sns.-, r.,t ts.". - sna" pao-
cost to consumers ''saet"k 'ne
r. c..,..1s
:, 49,. ".sas. "o"u iePeal sa3es and onsics
sa,,as. :. ....,s, ~ W. uuauea taA1ons ot
,." s. - T,.."., ""'1 Aa,e VIC enee' VI eneaPen-
.ns W. .o,'cs ~ tne eonsomc1s more tnan
@ an..,u aaasa nns mil'ons' oec@use 1aes would
~ WV ..'e NY 70 seventy ave per cent charged
~ .ne ii''oa,cneo. - sum up the benedts
WHICH WOu.U ACCRUE E1pm pursuing this NUa
OF policy: l. The paying out Of dfty MIL
. liohs OF Idle gold and ffty millions Of with
drawn currency would restore that amount
Of capital to the channels OF commerce,
thereby stimulating al classes Of trade. g.
1t would pay OFT one hundred uilltops of The