, 1866-02-16

growing scarcer each day, world enhance IN I
value, and currency would depreciate. Thou
sands Of merchants would tail; travel md |
transportation on the railroads, canals, riyeEs
multitudes Of idle men would be seeking for
cmployment- Many Of our mechanics would
go otf 10 the Rocky Mountains In hopes Of
andtns gold. Others would pre-empt wild
lands, others would hire ont 10 the farmers,
or nv to work 1and On shares.
be affected by the crash in the cities and
4. The home market for farmers products
would he Ill shattered to pieces.
The prices Of vegetables, poultry,
eggss, butter. H.. .e,;5 cheese, =, hay, iEu1l,
that would not bear transportation to Europe
would become usaleable. or II saleab1e, ,uoutd
bring but small prices in ststore trade" The
same blow that struck down mechanic'ewasex
would fall with stunning weight upon the
heads OF farmers. The English demand for
their brcadstutis and salt meats would not be
increased particle unless they undersold the
other food exporting portions Of Europe. But
al they reduced their prices, so would the
Russians, Polanders, Prassians, Irish. French,
and Canadian farmers, all bidding against
each other for the supply Of the easily glut-
ed English Markets.
O. Explain how partial loss Of the home
market for brcadstuts seriously Affects the
prosperity Of our farmerss
A. The closing up Of manufactures In con-
sequence Of the struggle between the employ
ers md employees oyer the question OF a re-
dnction Of wages, and the arrangement Of all
business occasloned by the loss of bone pro-
abroad more grain and meat. ANY increase
OF these exports to England-the only coun-
| try Of the Old World that ever purchases any
OF our food-necesarily would reduce their
price in England, 10 accordance With the well
Ley s Of sqERy ena apa H. basSi th
| Of their crop Of wheat to the Eng
| lIsh, it VIII lower the British market
IS cents on the bushel, md this Is cents will
be lost not only on tho quart exported, but
on the G3 other quarts kept tor sala at home,
and thus What he will have sayed IN buying
will be lost In the value Of his OWL wool,
his sheep, his products and h1s farm.
Q. What effect woul1 the arrangement OF
domestic manufacturing have on the internal
revcnuesY
I i. The Inevitable effect would be to re-
duce It most disastsonslg; The three hun.
wonld tall OFT ftightf1lly, and R:paaa;;ss t...oon
and disgrace would be the certain conse.
quence.
I Q. But is there no way OF reduciug the ta
r.H 1y!.hen!. bringing disaster on the indus
trial interests OF the country!
d. Yes; very simple and safe way. Ths
mode proposed by Mcssrs. Wells and Colwen
Revenue Commissioners, and set forth In theil
report to Congress.
q. What Is that methodf
4. To reduce the internal taxes at the samt
time,the external taxea are decreased. They
propose to repeal all internal e1cises OF
certain articles, and to take of half from al
the Others They also propose tG
revise the taritl, lowering the variou.
imposts In the aggregate to the extent o.
| thirty millions, besides el!argtnE the free list
BY this means, while the people will be re,
licved Of large burden Of taxation, both In.
ternal and external, no mechanics wages Will
thereby be cut down, the price Of farmers
products will not be abbreviated, nor the
business Of the country be thrown into con,
vulsions. 4 year later there may be still
farther reduction Of internal and external
taxes, % the necessities Of the Government
will permit. The commissioners propose tc
make up a part Of this deficit By q tax on
cotton, and they show that the Government
can get along after July next, on considerably
less revenue than IT is now receiving.
Hero then ne have plain and simple
method for reducing both tariff md exeist
without affecting the wages OF labor, tht
price ot products or paralYzing the commerct
Of the country, or reyis1ting on us the fright
FIJI scenes OF misery and distress w1tnessel
three times within the life of middle aged men
and resulting from the nostrums Of s. fire.,
traders." who think they are doctors of po
Ntlcal economy, when they arc nothing bu
wretched empiEics Of the Sangrado persuasion
who would sacrifice the prosperity Of tn
country rather than give up false theory:
J. II,