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

ordinary consumptou Of the countrv 10 the value OF
ten millions monthly, and foreign manufacturer are
sending hther, though with that irregularity which
characterzes foreign trade TO the value Of about ten
millions yearly the effect prices will be such as 70
reduce the rates OF corresponding domestic articles In
an amount equal 70 the whole value OF the imported
commodities
per cent below the nrcs Of the the loss on tho
latter will be twenty Der cent on over one hundred mil
lions or say twenty millions Of doars In view Of such
INJURIES industry and home trade are parayzed Men
cannot form any reasonably safe estimate Of their years
business Enterprise Is checked and much Of It's power
DESTROYED loss in the case supposed of twenty mil
lions indicted on our home Industry by the import OF
ten miIliops of forejrn commoditiea
It may be urged that the country has gained BY this
reduction of prce and nv the beng thus
pied twenty Der cent lower thsn would have been paid
70 the domestic producer II il be better as general
can be advisable 70 comnei msnufacturers to sell at
ioss or without proat and thus be compelled 10 dis
he aGysshs 10 abandon o"r hpme mSrSes to foreign
rannfacnrers and s,I them n sdvance their prices
unon us when we are wholly in their power then such
events NAV be REGARDED az beneacal
IpyANTIors OF HONE nANuyAcrURxs
Conflicting onnions on this subect have troubled our
.,,nrai d,,rr s ~hos hssorv one In that
nc % t ~ h,m =, ia"s, Of
MAI va corsnms RON our own indns,rv we should
make that indusv A effective A POSSIBLE that homo
hrno rrcss IN TINT range which sprinRs
from The rice a. ahor and other conditions peculiar 70
omr co~ntrv AnotSar op,non IL that as goods are
10 Ssre Soods ca he Obtained cbeanes mis-
10 ert;raivs nIarsh,e and in asnects tre II the
unv fov The whoic non"aap a. their lowest rates Of
opf .ai,,w not ths,r mica according In The
=, our dewsrd srS sste IN All sch
agrIcnitn nroducts 40 are now Consumed bv our manu-
Ssctnrer. ana f,rthar that tho farms sbond NOT he
changed 10 orr dsad smch nronosons might be
Worthy of considsrson M csri.inIy not Of adontion
selves are worth ali Tia he.wecn the low prces
abroad and The higher nj home These incidental bene
Ats are national ndenendcnce and growing
intellectual activity increasinr enerprise and CAPITAL
ne arts stImnIns IN Tho inventivo fcntes lint mora
than Mi these and ahove thar oil 10 Tho advanaaa oS
furnishin0 NH emniovmant To Ike entire bodv az the
people This benefit neither agriculture nor trade nor
can attain TO its maximum Of wealth which does not
nv its national pocv furnish sources Of employ.
n,ent for tie wwhois ronmIo,,on. No n.,,on can
attain ,ts dine devennnen og wealth and nower which
does not vorL s nvn ,,t,o. ,orc int IL. ,,awois ~
the earth as well q: cnit;ts liz snrsce ~ nav he
s",eS or brosd a. o na" ,s raa %
dopendence suitable make due progress in
cisizaton and attain to that accumulation OIL capital
its own food and cothin@ bn,ds its own houses
makes its own furnture nrovides FOR is defence by
darsona nn ,nas sya anu aratns
tenn or and .deouae
to ali the wants of its inhabtans and unless by such
means affords empovment 10 All lis aborers and full
sconc for ali tho mental md ties ~ ts neo
nIe II reouircs combnation NJ snch sdyantares To
rorv 40 W" onrs and such nsor,o % occunv n
r"r nnhI,c nocv " has not repcHed these peaIre.
ments The country has prospered under public
re- o. ,ess unsn one nundrea mOhs ann any,
learned from mast snccesses and failures 70
t ,Sa apnc,s"n tho,' ,nn ooio If ,;s nrr,rv
canrat nav ,rna hnndred n,iiors ~ nat,onaI n
oddton a ~ moro than hunarc% jI,nns OF State and
,,",naI ,.xes rmess ,ha ,vhoia raaorcas oe ,ho cn
, s; r. h, ~" r G ih ~ N h,
~, Tm oc,or WITH a mronsr oconnm,c, svs,or, ali
tbese taxcs will not he Regarded as serions burden bu
,,Ss n . u ,i ,,, Seco a., on3
rt ,,i no hsy ~ rsrnad;es ;n;nr;ons 20 credit
and rsnuiatio 10 "N " W
H'u ''Pu'A''ou' ,,,. o.,,c- an ,uv ,v,o,~
who.o and .;ior observation-disclosures aro ressod ro ho
.hu S'.. Lilo. i = :. =. i.e S ny ~
causc "u' a,n ~ % h anu t1
& ~. ~. s,,s.arn ~ s.v.;;o, a. ~. No., ,.snh 49,,
60, dev;so AZ tIo snrva, ,ro,c,s ~ orr ,rd,sr A. Mt
furnish the means Of having n IF that indusrv IL
In.oa ~. r.raJr.od ~, ,,;,h 49,
or n kent IN hv conmcrc,a which
thra.,sr css ~ redraS .s not % ho
.nIca.sn poes % aouucea as NJ. " W
s,ve cS .he crcrras,"rcs. ''' ~ P''i' w A' f''
"a 4. st ne ,acassar, q, ANN ,v,s. sso, ~ ,,..or.,
rovsn,c ~ s,ir,ri.te ,rsa;, and ncrsa. ,cmct;wo
,ova y, ~ 10 o. rrnao 20 Zoe .r ~ rrds,
LIN imna,t;a,isv nnd st,Ii ~-~ "''' - s-~'A
WIN ~.rrss,Tx I'm ur",, .~,vc ,,,rvr.s 90 ,,..,
=, 1870 Nv AZ 10 ~ ,,nar.,yo nccess,. ~ sr.-o,so
A., Ss. % $500, ..; " la easv
ovr os,oc,aIv ~ hoas dans rtrr.rss ~
hch IL denena for moro than tiree courths ~ onr
.n,s.,.,tor IT, a. a. ,s ~ as. - ~
Ean in fn,i y,or and Active onerat;cr Lest N Tho hore
spplv shou,d d,mnsb nrtccs bo, NJ horne and srosd
sherld he Iarceiy advancsd " -' ~ N"-
The ntarrsf "a xat,on has IN arc. rrcba, ~ ..so.
rart,s,v ~ whov neutrnI,,cd thc
toforc made in favor Of our own Iaboring class
The br mr. of goid l. failing now n s,ercise ~
insSeocc in The repression OF over imnorsationy I'm
norris nro Already im,nense and ali Indications q vs
~ accounts lead 20 The belief that thew arr 70 bc
beyond All precedent The gold duty 4; beginning 10 Be
no barrier for the goods arc sold az great advance for
currency and our gold bearing bonds become yirta v
the medium OF remittance Thus a door ia opened by
which Commodities may be poured in upon us in
quantities sccn 10 reduce prices far below the rate nj
vii cb our laborers can AFFORD 10 produce thcm This
will diminish tho internal revenue 10 an amount far
beyopd the increase of the duties upon importation
Ii is not only necessary that the duties upon imports
should be 80 regulated TO our ports OF entry
from be NO flooded with goods not nported by our own
merchants with their full knowledge of the wants of the
country but commodities sent hither by foreign manu-.
azing profit upon our financial position and OF over
wheln,ng our domestic indusry-that industry which
suffers even when Observation-Disclosures we cannot afford
10 nut in peril much less TO see oyerthrown even for A
year
Specific DUTIES RECOMMENDED
The experience we have bad In this country OF the
bad working of our appraiscmcnt system as organized
under existing laws and carried out in our custom
houses, should fore upon the adoption OF the Eu