New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-31
IEoFosED JOINT REFolUTl1N TO lNcREAsA TLMfo
Wholesale, Retail. and for Expectation.

To The Editor Of The n y. ITibvIe
SIR: Can we become manufacturing nation
for export 10 compete with Great Britain, Germany
aud France In the markets Of the world How ~ THIS
end TO be pshed The answer To these questions
Is what tie writer now attempts trusting more to the
attention which the importance of tho subject should
and viii excite among tho thinking business minds OF
the community, toward a solution Of the problem than
TO bis ov unaidel efforts
lie need scarcely say that with few exceptions, We
are not now exporters Of manufactures Cut NaD,
Agricultural Machines, Sewing Machines, Axes and
other TOOLS Printing Presses and few arti
Giles, comprise our manufactured exports. With these
exceptions, orr exports consrt OF the raw materials
which enter into the fabrics which the universal wants
OF man require aud IS food for the workmeD TbQTe
naklig them Ca| this state Of things DC changed 80
as 10 enable us " work up the productions OF our soi
and the PROJECTS OF our mines into these fabrics IL ou
own cOortry thus insuriDg continuous aud lneTens.
ing If prosperity that shall invite the labor ahd
Of other nations OLrshores aud mike US the st
and foremost nation in the world In the arts OF peace
give us supremacy the ocean. and make the hneIl
can name household word In the Brszls. Africa, the
Isles OF the Sea, China, Japan. and Hindoslanf
At first sight the solution Of these questions seems
hopeless With Labor at least OO par cent higher thn
is paid by the greatest manufacturing nation ~ Tue
world. how can we possibly compete win her IN inc
PRODUCTION OF these articles Of which Labor forms so
mportaBt an itemi We answer, BY cheapening that
item, and ut the same time leaving the laborer as wei
OFF as he was before. Aye probably better. Money Is
confessedly only valuable as q buying power fli O
mans pockets with bills that not current and he Is
a poorer than one who by the expenditure or ms
last remaining single dollar, eau purchase days or
weeks subsistence. Mechanics who have lived In both
countries inform that five shilDRs sterling os In
Birmingham England, have buying power equal TO
two and half dollars % S0 IN Toy N T. Puddiers
sew that In Wales or Safordsllire ten shilngs per
day Ia equal to five dollars here While this dlscrep'
ancy in the buying power OF money exists It u impos'
sble that we can become manufacturers Tor world;
and we can only manufacture for ourselves tho
dition that our labor is protected by the imposition OF
tariff that shall cover the discrepancy between the buy
| ing power OF money in Europe and here
The bare enunciaton Of NY proposition Tor doubling
the purchasing power OF money will probably raise
storm that will only terminate by Its own exhaustion
or be met by the more terrible condemnation OF Deng
called foolish. impracticablc. Utopan, &C., &C. How
| ever. here it is.
F,a. Let us have as early return to a specie basis
as possible. do not think II 1t was immediate. there
would any harm follow Because so little gold,
IL does not prove that have not got II In the cou.
uyi Again II gold is not wanted for circulation that
necessary for the payment OF customs must seek
employment elsewhere. For Capital Is like Labori u
not EMPLOYED II Is uDproductye YOu cannot retain II
in country where 1t Is not wanted But II the collect
i've wisdom Of the nation shall say that three or six
months delay Ii necessary. that the premium must
be reduced ten fifteen per cent before We can
declare gold legal tender. let them out with 1t. and
not keep us In suspense any longer.
Let us now imagine ourselves having had one year or
more with gold and silver juggling IN our pockets shin.
psers gone forever and the price OF rents food and
Clothing reduced at least fifty per cent and We are
almost half way the road propose.
Second Let US abolish one, two. and three dollar
bills from currency. We may either take these
singly or altogether.
The latter plan would. In my opinion be the best and
most effective With mines giving us gold at the rate
| OF over $4,000 600 annually, we can, with proper
economy and suitable legislation. abupdanty prepare
ourselves for the altered condition OF our cur.
renoy The benefit that would follow would abundant.
ly repay little exercise Of prudence and sedenia In
advance. 80
laird The fyes, in due time must follow the lower