New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-06-29

these is that our present supply OF labor
largely deficient largely that We cannot at present COM
pete with toe dense crowded populations OF the Eastern
Hemisphere in hardly any branch Of human indnstry'
and yet 1t is important than ever that every
man should find work. hope labor in America will forever
be far more highly rewarded than elsewhere Ii so now
and distinction the glory OF country OF our nsu
Of American polcybut Just now labor IKE every
thing else is artcany DEAR High prices must be pad OF
the capital invested lands mines and manufactures must
wrecked and abandoned But for the and had
normal condition unysed by unusua taxes ana the
disturbing food exclusively paper currency our people
would occupied mpregnabe position as against
foreign competition than they occupied in their previous
history Now vulnerable to the attacks OF anybody
from any quarter who has anything to SELL Foreign artnces
Of brass and iron and Of clay We cannot resist
They are able to underse people. Our
present amount circulating currency is vast or legal
tenders (socae) have s4ol i6s; Of National bank
notes. s2s0 900; OF outstanding notes OF the old state
banks including those having less than i've per cent Oh
their capital sisi7e7s2 Of fractional currency t2O53
100 o. and Of compound interest notes s592690 amount
ing in all to s9lO4769 o. do not cite these figures as
reproach anybody bat fact and moDstrous TACT
attended by evils increasing day BY dAy and the longer con-
renedyis withheld the more difficult VIII
be found application At the time Of the surrender OF Lee
Johnston any Of settlement might easily have been
obtained from southern Rebels with ample guarantees for
futures they painted for nothing so much as deiv
anything short Of e1patation would have been promptly
accepted That opporune moment passed away never to re-
turn So the translation from paper specie at that time
might perhaps made with less strain the coun
try with less individuals than can now or
be brought about The people were prepared for The
goal In point Of almost reached Nobody was in
debt and nobody was distressed The nominal reduction OF
Inventions would all with relatively equal purchase
bic But unfortunately this policy did not prevail ana
now stands against any reduction Of values and Con
grss itself grudgngy the OF only about four
millions per month OF our huge volume OF, currency,
production Our country Of the cheapest places
live becoming OF the dearest The wages paa 70
labor are too much considering what those wages viii pay
or in bread and meat in and clothes. No manufac
made while this state OF things lasts 70 De sent
foreign nations they viii Of wheat beef
pork anything like what it costs to produce it, Our gold
mosey il 4 getting 70 be obsolete Gold coin
is itself deprecated in our markets because ,.,is
merchandise II used the payment OF existing contract
il IL worth than equal amount OF United states
fourfod addition to the currency in circulation
IL unHaturol and daily oeges diseases Of new yPe form
already familiar and known to be dangerous Having 70
incubus upon the labor Of the country at once our
recognize the situation and tram our sails LOT tuch
srs,s e0T oat hs1 las, y.s And dv we for
by sending abroad GOLD aud silver ana United STATES
bond. at tte more than half sI isee vsne "a srg
time is the insufficient rates now levied upon foreign
years. The evils endured By wool somehow dis
appear. let the lsvs take what shape they may
Cape and elsewhere have become large much improved
by mixed breeds that they threaten 70 force the Ameosn
Formerly the obtained from Buenos Aywas coarse and
with the merino oreeds has become
entirely changed 10 character and now woods equal IN grade
to the average American growth be bought in South
for fifteen cents per pound IL not washed ana
burrr still accompany Bat no American husbandman not
even located In proximity TO unfeneed prares
the Summer feed can be appropriated whou, icy or
q. once tsisn car, Of succumh For the past four
s scs,.d when Iedas.a
he eanss q yoS sss not oea r
and many owners sheep beeH preparing to quit The
70 s. T css d these % the
81 shsep tost will be offered for slaughter the
.ar. ran x S sl'''c The complaint loud universal
real not stimulated Never. since had the honor
number Of petitions been received and with so many
and respectable signatures upon any subject The
with these documents the Rast TO the frihes West
The tariff Of s7 against which voted allowed wool under
free and reduced the ad yaorem iarin on
woods costing more than that The tariff Of 1861 placed
quail ad duty wool under 10 cents and specific
.os 81 ssaia fraud Ts. was eondeaby By the
value Of wool abroad being less than rep
through the Custom per pound
and sometimes Less Last Fall and Winter the wool
their various agricultural societies and other
State and national organzon got together for the nrst
time and discussed the subject OF IN Its relation
with them ont convention After months OF patient toll and
critical examination hey presented to Us IN Aprlas the NUTS
IL their Joint labor far relates the duties WOOL
The proposition regards vooens along considerably
later mutual Tss arrived s and SDSa eA'
does honor 10 those who conceived and who
Ts".s % SseS hsSsr rate. upon wool Of
perfection classification, whehs framed as to catch
vol There is loop hole through which wool can
d. do 1t 'S aDS certain s Tss Gus
know the wool growers vii be satisfied with their pfopo-
s they should be- for amounts to more on Mss4
wool than would duty OF Is per cenum ad yaorem and
hope sbA not attempt TO offer anything less or IN other
for So. not 10 INC UJ% OF ap
lection the American wool growers could have would be the
o. a. tho :Ss ss %ec
or not. elcth.. made Of sound American
tear than those made Of the tender and brittle for
cgn voo The duties upon wooens viii be seep very
fseturers pay hrs on wool dyestu
their saes and In addition % per cent sd vso
The s principle a., adopted In the tsra o 1864 may
sg Wit be- found to s.,. Ga ss extent
have indicated and no more II tbi, bin becomes law
trust wi the wooden manufacturer will no, find his con-
crowd our msrts with nearly the imposing profu,on
iha. they have done heretofore or at Of over
our imports amounted 70 sss1.7 but this year they
~, .s mot no as:sa aeG ps
country needed TO fund rapidly maturing national obi
MA bu, little over e2soo oC and yet our exports gold
and SILVER from May ~ to June 6 amount
ed 10 ESQ When specie payments II
this stream and now OF gold outward
allowed TO continued Clearly II Is the duty Of the Govern
me moderate II cannot control this reckless course Of
bankruptcy and the business Of the
try check from which may take
do not think necessary 60 into tho details OF many
branches Of business There not member Of the House
who know and feel that there urgent need Of eg
ton upon tariff To adjourn without such legislation would
be calamity and bunder Take the iron trsde 1t true
they made money during the but they not doing
IL now. They are paying laborers for making .
tup Of iron nearly much Il would cost abroad There
are some little items in the Tariff bill which hardly arrest the
eve which give employment thousands and therefore
oue considerse hands Among these