The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-14


wear and like supply OF iron, Steel copper lead, tln
and other metals for the simple that they could
not bo transported To shores and n they could we
have OF paying for them Foreign nations al
together will not take from what will pay for one
tenth Of the amount OF our wants.
THE CONSUMPTION IN UNITED STATES
OF ton, Steel copper lead zinc woollen goods cotton
goods leather and glass Is not less than 10 the value OF
thousand millions OF dollars OF which we import 10 the
value Of less than hundred millions In very few
years when the Southern States have partially recover
ed this consumption must reach with the incease In
the Northern and Middle States amount a least hall
as much more To import full supply OF these arti
cles from the cheapest markets OF Europe or OF the
world would take all the gold In the country all our cot
ton and all the commodities usually exported and leave
us In debt for half the amount II would compel the
, whole manufacturing population to engage In agricul.
every other product In proportion. II would reduce
monthly wages AGAIN to ten fifteen dollars, and
tuaiy place the whole country In the condition Of an
appanage OF the manufacturing countries OF Europ,
But the supposton Of such importation is too pre-
posterons even TO be used an illustration II Is not
ouy preposterous, It is impossible Such an importa-
uon Is not only impossible, but IL Ia scarcely pos
soie TO import ten Per cent Of our consumption OF
those commodities The chcapness Of foreign manufac.
lures depends mainly own ability TO supply our.
selves the foreign goods only offered at rates low
enough 10 undersel the domestic manufacturer When
our home manufacture ceases forcSn goods are no
longer cheap
We compelled by these considerations and others
equally strong, TO resort TO manufactures at home
for ninety per cent OF consumption OF
such articles above enumerated. No country
except Great Britain Imports TO the amount OF ten
per cent OF its consumption, and ia her case II Ia
because the excess over ten per cent consists OF raw
materials Of her manufactures, which arc than
doubled in value and re-exported Tho consumption OF
these articles OF necessity and comfort in Great Britain
II should DO noted Is far below what II Ia In tho United
States
The necessity OF making our own goods may be ex-
planned by supposDg that two country merchants oher
Ss e sev na 9Sss OF soods IN & pTn
OF supply for the ncigbborhood tho one taxing only
such articles Tor his goods As WIN bear expectation
TO some foreign country the other taking every product
of the field garden, orchard pasture, and, OF course
taking ninetonths OF the business His Will
lead him manufacturing or lead others into IT, that
he may find moro ready and profitable market FOR the
varied commodities which his mode Of doing business
brings To his hands
When the farmer can exchange the entire product Of
his land at rates corresponding To tho general price OF
labor he can supply himself abundanty, and his farm
VIII DO worth four times az much as IL would when only
the cereals be sold Land in the vicinity Of manu-
featuring population IL worth, for agricultural purposes
from hundred to two hundred dollars per acre and
very often much more Where sach advantage II want
ing farms in country seldom worth forty dollars
Pennsylvania could with daicnlty pay, in any pro.
duct Of her own, for fifty thousand tons OF iron i'm
ported from Great Britain; but her capitalists and far
mers can feed and sustain population large enough TO
take from her own mines and manufacture hvo hundred
thousand tons OF Of the value OF thirty millions Of
dollars and tho same policy extended to her other ro
dred mill ons Of dollars The proceeds OF her agriculture
could not be exchanged abroad for oncha oil what the
iron brings
In other words Pennsylvania, without products
Of her own to spare, which she can OK
change In Great Britain for nifty thousand tons
" ~ nyn, can ,. ven ' ., e,, h,r ~.
converted into iron and other manufactures, becomes
directly and indirectly purchasing power In the home
FnIand - v p,,sn1 ,a I ,nar, ion ~ ron. I'm, an
acre cultivated for vegetables at homes will purchase i've
20 ten tons Of iron.
The purchasing power Of a people who have duly
mingled manufacturing industry with agricultural pro-
duc,ion b. tenfold that Of a purely asrcai,urH com,
mendcd ,nd"s,rv nnr'hass from oaeh other and the
[ ~, ~, ~ ,s. - ,,,.ha.a ~ a.. norer ~ rro
s y r. p'a,,. n..a, u.i,aI, "a ,ha fri,es
s,,.I ~ ~, NV, "a, &C.,, ,blr,. ,on. We, Tho
r,crnal ,rae M m, tinted sior "a az tonfold greater
a on sn,,,. f,e,sn ,,sso ,nclusing lie Tint ed
,nah or emu ens ud ur sor"gn
,,aas Nth rrance 10 ,sa. iha, Gs,ccn,b mar, az M.
49,. ~ Gu 800 To- s,rans,h az ycsi,h Al
n,r,,y shond No ,eas,,ea he he aesn,I,v AMI vsiue
Of ~ nroantiona which IA Consumed ana not by wha,
=, . az ~, eon,r,.s No sv,,i,ea n,,inn Obtains
n ssn's =" JUL ~ ~ A, ,s So
shnas,,s na phaso,nb,, ~ ~
OF the United states morn than Ali Europe ~ also ia
e,,v a. Ir, yo,x .nd ve, Jersev Tho trsdo brtwonn
p.yrsvivania Neu Jsrsev ard New york an one side
and ~ Nsw fn,lsnS esy.s ON Inc otbe vastly excced
onr ,,ase Min rIrone
"'' '" rnrn. ,...T,o, c.x nm no.xx THE uxr
OF ali This NAV be found In the statistics Of
every country aud each OF wherever industry
power IN best doveloped there TAXATION can bs
borne with the least injury And II In 10 prosperity
founded on Diversified industry that We look Tor ability
10 bear eheeruiy Tor score OF years the tarcs need
m 10 dscharye our increasing national expenditures the
niefct heavy debt, and its final extinction. Our
because there will Inevitably occur ocrasions when u
must be increased Our financial arrangements must
now be made on system which, like the present. will
not only furnish the amount required but Just surely
on a system which will no, weaken the producing power
Of national industry by awkward distribution Of the
burden A soldiers knap.ack properly placed may BE-
carried long and chccrfuy or Il may te placed "
ohafe him into misery, ana he flung away insult
ferable burden Such tho present distribution Of oui
taxa,ion No nation ever bore such burden placed
ours even for a year: nor can our people bear II two
years more TITS now beginning 10 grind Us way 70 ne
.ftd Ia
generous disposition Of the people h oven curiinr
into impatlcnce, which in another year two will he
come the root Of party that will carry everything be-
fore IT,
The people Of the unitedtaes, with their knowledge
and experience Ia public affairs and their command over
their public cannot long endure vicious system ~
taxation They will soon see what - wrong, what u
unnecessarily annoying and inc0nyencnt, md vi de-
maud fuil and satisfactory remedy. This should DO
conceded az once A. every year VIII Increase tn impa
of taxpayers and the difficulty OF making changes
No people pay taxes more willingly but none are more
indignant al injustice or are iess tolerant Of upskful
legislation
II diversity Of production adds 20 much 70 TIC prodne-