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

uooa securty as can be issued by any government
= the world Despite long continued shof.s ~ uss -
forcgn capitalists destined TO yield large prom. no
Sistant day bond OF the United states 10 worth az
Ssurh ,nripscaiy investment as that portion or
$nSlsh consos which will yield in interest the same
pnon the continent are willing to take bonds Of the
United States the proceeds OF all shipments OF COM
uodes this country as long as the bonds can be had
al price which will yield six per cent interest," and
much readily when the bonds be got at rate,
" now, yielding nearly nine per cent.
The national bonds sell at such large dis
obtain them the low they not dsposedIo give
more. Gold being overvalued in this country having
risen In price account Of the special demand for il
TO pay customs dutieA to the amount OF two millions
weekly they Purcha our bonds inns a. sor,v psr
cent premium. II the merchants and manufacturers
Who now threaten TO overewhelm US with ioregn com,
modites sell here for gold they realize on premium
Of forty per cent in our currency and then take tho
bonds al par Or, il they sell their goods at our high
thousand dollars IN these bonds are worth mora 70
hold in London than &2o0 9s tho equivalent ct par In
Az present these circumstances offer the largest profit
the shipment Of foreign goods to this coun
high prices for their goods seriously nurs our manufac
turing industry, weaken Their rivals and obtain our ma
fages thus offered foreign capitalists fully to
detrmeut to their benefit Troy mperl our produc.
ave ability ana IN ac our wnos
tnuously damage domestic industry by substituting
abe products Of their own by deprving our aoores Of
employment while obtaining in our markets the means or
employing their own, besides realizing large profits for
che enteprsng individuals who; engage in the business
That there good ground for these apprehensons 10
proved by the freely expressed belief in Europe enter
famed fully in this country that the quantity OF goods
70 Tesoh our snores rom h @ ~ Srou,
abroad confrmsthis anticipation.
WHAT rE sfscuEaos GOLD Has ~ ;unor
and magnitude were In an exceptional position
demanding mmediate ana specai .egsa.on anu PuS ,
acuoh we are now comnerviany anu n"" NM, :s'
exceptional and not normal situation inc specula .
ton IN god wnicn mas Gost tne country nearly , nos
tonp IN the bud Let not this new movement at our
expense De ao"eo 70 gam Ake sfenBn' "u" Nv ua HNo
injury Jury .,,;,o =. tins dwo,, uror and might with ad
Tnis suoJect Is mus uweIt upon, anu asms w' ha.
vantage DO more asthcty se' to' ,. r' oS ths
with special sgnncance upon she auIIe na a S
country 10 pay taxes, 70 man.n Puu,v, ..es'r H. VI
course upon the increase OF national wealth anu power
Is the poiicy OF european govere e , SesP
wages ow that tney may % so : sno ill.,, -
Of the world England holds million OF ner people IA
Constituting S rr o. - SnS aor a. thew
@ ,h;nmaS h 91vorwort m, feeding and Ind lodging
~. ~ -! 80 e., ,,os,t,on ~ ta thrown on the
sr;h on ,he Iindness NJ their countrymen or on the
ps Of distant nations unon occasions Of bad harvests
W dnne onr sboring nonuIation TO that condition.
W's% ~ h" economcs,lv Wiser Would IL add to our
true interest Of The country wish ~ .v.,. >, ,na,.
Try with own Thsy can no more miusls than oil
sha s for IN he scsIa ef ntsiect and Knowledge
hat they canno. 90 orcea PACK 81 noy our rv
,es . , o,ess 80 ,ho,s h~t IN snch farms 40
cannot inrs our working people nor lesson our produc
~. .,,mer, ~ -e ro~F
i've sp owers .nr,.o,r-.-s .or a. al ,r,es fur.
r;sh limited ousnttv OF goods at less than
nu ,ha 'an,ornt ~ our nrses IF thew could
nn r ,"' o~a fourth NJ our nonsumntion nj those
Iurn sn oS , ha cod no,cv 40 tsLa them beca"se
t n e. ,nss Scni, 10 nav Far ,yha wonld sunnIv
wouu % lar ,ess a,'S ~ iy =, rr NV o Srpr wy
gu, o ,h s @ Sorth imnor,cd from abroad II is
sapm .n"n ~, Nn. h,ntraS =. erar thorsand
S"S rnn,an. 18Th hro,abt FROM Enrrnc and sa
gest temptation 70 men IN % r e amen
s a r rnorts,s hu, ,hev have tbcr advanta 90 too
n LIVING wnere ali labor and ali services sre compeusa
IN v9k "hSi a.. I IN. $500, ~ Ianor ard rorn
r,n wnich rsres or rrces ~ the one 70 which
NAV nainng ana - shoud nat he tbrown into confusIon
Ior INC neIs ~ - ~ ,n, ~ az -a r.o, nnce
saa 81 @ Az W h WI, rec,o,,y y va
VIII s.o Iis v' @ 10y ~ ~ ga "rd cc,h,rc
"a osr of fs H. nj the prcscnt
S ~ cSors and con vsnisnc" Sourfhs a. least
vsahasi" vi oon ns A ny v vi I'm av% ahnr " ~
"u'' oo ''0 P''uuS'' w 01' Wv" ~ 80 ~
FLEA FOR THE MANurAorURERs
We are, then, under the necessity, as civnxeu Peo
pe Of maintaining vast system OF manufacturing indus
ey. we cannot 40 ths nall OF even iorr.n VI OUT
ch sdvan.y"s FOR annscurina rom tho
sptncss OF Tue people LOT ~ IN M sse
Of the necessaries nigner comforts anu uxur'es Oh x,
shat no risk 10 incuIrso III io0sins 70 sny sn.,,
and Mste Oh our PooPlo =" III snna M
for everything that Europe can soma us we
can lncn oD.sn " .aI a rosh,rg 70 sxnnr, ,rs
Is needed even tho1gn we nave nosninE W % rs'
yan'ed abroad our @ cnaSa ~ ;n su,
nshed smplo eVueno9 " i "., ,, DE-. ,ii
we tax their capacity 70 ooupie tuo cNen. ,'ey wiz
respond anu when tney 40 VIC sn" De "oie "'e W "
port thsn we arc Nv pI ,s ,, an .,,c,.,,u.r, ,
II nhs o'eh peen ~es.e ua' W. NJ
making INDUS guns =. he eAPehse W ote G , "
society inis oeel Gan ohiy ne r ~ .nuso
VINO nave no, hao sunIou.s o .. t W .,s
the exact progress on ns'i.s iins must; 'uns wv
people Mno nave oieu ~ V. 800 a~hu, s,r'n
anu many o.ncr mi"ur .. ILLS, Nv. ,,.n STA n
evidence Oh wealth. pd' asd VII, W ,a md i ,
VINO arc ehgaseu ~ - anu a., " ar an 49, nn
Tor e0h one ln'eeseu not ni"en - "ny ,use .u.
woua rosaI. lroin suon u ms on , s az 81 i O. ,s
per oi wes'.n iin ,, ia ucc a. i'm
INV , . n MT r,,sar 1ar root u,rnoses Ths
.cu 'apoI anu w. IL, ; asssn ,io,, ~ n,
sapai ~ nus, 49, $50 49, non,nry or inanst,v
'c s ~ "pv ,hor cai,S aro,xs ne aanntac
Ihsy nave touuu sna' 10 'u. " 49, ~ ~ ~ n
s"i'ns, 'nen iva' os r NJ 10 i-SN ~ 'S - "