, 1866-02-13

1oke lts value, like other articles, but Ike
them, does virtually ductuAte in actual e.
changeab'c value, In accordance with its reta-
tive abundance Or scarcity, snd that Of any
and all other things and like articles of COM
meSce, such as com and cotton, virtually rises
the same causes. It would be a. logical,
though not 90 conveuttonslly convenient, to
say 50 many pounds Of cotton to-day will buy
dollar, as to say 20 many dollars will buy
bale Of cotton. In one case gold or currency
is taken as standard or value, aud the guam
scltcd; in the other, cotton would ba the
standard Of value, and the gold OF currency
reauired as the fluctuating quantity.
Corn, cotton and gold, (money) being
eoually articles Of merchandise, md subject
to fluctuations in value proporfionate 70 the
e1tant quantity Of any Of them; and their EEL
at1ya values simultaneously varying, 1t 10 only
because the quantity Of gold, as compared
with It's consumption, Is less variable than
that Of other art{c1ea,l that It Is more conycn..
lent: It should be the acknowledged standard
OF money, and all things e1changeable for 1t,
quantities represented.
In conclusion, the practicable use deduct.
bio from the preceding observations = tnat
The attention Of governments may be drawn
to appreciate the Importance OF emanciPa-
ting commerce from thraldom to nonoPoliz-
inc protective tariffs, and, by unshackling
re bands Of industry, to stimulate the crea-
ton Of those articles which arc through local
circumstances naturally the most feasible,
and thereby economize the ind dustrial pursuits
! Of the community from injurious diversions
framed by political combinations OF adven-
| turers and spurious benefactofs.
For all that one man has, e1chanEeable for
what another man has, Is wealth and IN ex.
| act proportion as this e1chnngeabilitT i
diminished or restricted, 30 IS the nattoua1
wealth lessened- Restrict barter between in'
individuals entirely, and wealth ceases to
| exist. ...-...
California and New Mexico pour forth their
gold and quicksilver; Russia, platinum; Chit
M, silks and tens; India, spices, indigo, &C.
South America, coffee, hides, gold and dfa.
monds South Australia, wool and gold; Old
and New England arc rich In their manufac.
turirg powers the Southern States tn thelr
/ growth Of cotton Pennsylvania In coal, Oh
and ,ron; the lands and Islands Of the Gull
| Of Mexico In sugar and even dnsky Africa
! and Arabia are rich in theiz. palm oil and
dates,
By legislation reduce the powers Of free ex:
change In the worlds mart Of any Of the good
thiugs furnished by mans industry ont o1
though more cu,iningly than noctnrna
depredator. reduce all mems wealth for II
Is not possible to impoverfsh large sections d
communities without to some extent trnpoY.
erfahiug the whole exchanGeable nationa
power Of wealth.
Abolish the blockading tariffs Of trade
give up this misery, timorous, shrinking In
sanity, and unhar your doors and dare te
trade, that the greatest creator Of abundance
the genial heat Of tho SUMS rays, falling Of
your hearth-stone, may find you enjoying mo-
only what you can make, but what other
can also make, Tor your enjoyment. Money
in coin, or paper, or stamped shoe leather
{of which an English King some few hundred
years back has given precedent} enough Il
tion of such vast industrial products Will b.
always forthcoming; necessity will create !
and It need excite no anxiety on the people
mart, tor in the absence Of things, howevc
abundant gold or yo1umlnous currency. elthc
would be worthless, like bad bank bill o
exchange and no assets.
Yours truly, LAWRENCE uErwoRTH.