New-York tribune., 1867-01-04


inc leather boots and shoes fisheries mackere anG GSu
being selected as fairly representing the en'o
turing industry % ol SIf f appears that there was
smaller number of hands employed IN these 3H
I'm 1906 than at period ten years oailu ,t mart of
.hSl M IoCo's - od be rcyfCd TO more extensive use
NJ Ioborsaypg machinery rs atOgether pIopap, 9 tba
d s" We think have been reasonable 10 cNpcus tl"t
3 Wo1u 1sse % volid have been entirely colnpehsateu
for iv an increase Of consumption. , ~, tho ,ndns-
r. youd also appear that the goidvalue OF te I, l"I
. n ,,,rt .nfcified was for the year 1860, ne ~ ~
a. 1 ct less tan the godvaue Of the year l53o bo
y I I duying The state fiscal year. ls5455 being @ e
~ 1as determined BY careful computation VI wv
Erferring now to the above enumerated industries
.neci1cally, We have the following results
7Pe'A'' cotton WGn,rtqc,,res-0fher han calico. -.
Decrease in the number Of hands Scd 6 Der cent
The propOrtionate number OF yuiu9 in 1854
manufactured in 1868 to 100 YARDS m he Gnantity OF
product Of A. per cent: - ,,ord lexclusiye
In In is5IS - 7-lO cents per yard u,
~ -, 80 Q7 $40 cents currency per yaru'
or. or ia(tIi adopting the average
gold-yalue OF currency - ,oo .. 0,o ,,er vord
showing an Increase IN the cost per yTd, III gou VI 20 P
0er selected ManuactrrsAn examination OF me ere re-
firms relative 10 the other industries speclned SHOWS s
ss regards tlc number of hands employed, theIS Nso
increase IN the industries OF wooens, ppeI Ioo and n
slit iron and nails clothing leather ana iisheles 1
the manufactures Of calico, and boots ana sIoes'
as well as in the cotton goods before pecSd ~ tbe
same Industries there an neaSe Ceold fse5 s
the Calico wOoens, paper ara IsneicH, " and boots
in rolled ana SIT IRON ana n"4i'' 'e'
" h ne ercenou OF woolcns however the increase In
the value OF the articles speciflcd, was IN i Iss
Than tbe Increase which Is shown by the United states
census to have occurred bewe 1870 ana letI s ,ti,
Assuming thOt the capital employed ln these lhsutu
ous was all invested prior 90 any increase In the Nue
Of gold as compared with currency that IT, por TO Jan
nary ls6l-the ratio TO the increase OF capital o e2o
10 1S45 would appear 10 be but about oneitth 0I ING
ratio OF increase, of the real ana persoh Nu9 W
nropertv I'm the entire country Indicated by the Unted
States census as having obtained from 1850 70 1850 AS the
above assumption relative to the average uate Ol Nes.
ment however Is favorable thau the 1acts warrant
the relative rate of increase was probably really less la
that indicated ,.,, .u.,o, .ho.
Cessation of progress in the Un!;ed state in view or me
rapid developments Of former years cannot DC leSAiueu
such however is the inherent fexibty and vi5atyof
American industry and the resources OF the counu! ti
bv which results in own can be estimated Ihls -
sfrkngy illustrated in the case Of one particular article
-umbeT-whch, before the expiration OF the EecPocy
treaty In March, 1906 imported into the United states
from Canada free Of duty by the repeal OF TINS treaty
Canadian lumber became subjected to an impOSt duty 1
90 ner cent the effect OF which, added to prices already
unprcCedeucdly high, would, according 10 al AcccPu
poticoeconOmie theories, have been largely to diminish
both foreign npOrtatiOns and domestic consumption. On
the contrary the statistics OF the past season SNOW t
lumber into the United States, has greatly increased
while the prices Notwithstanding an increased pfOduc
tion, have been fully maintained and advanced
The lesson OF this showing is that the enterprise ara
snQActy of the American people have managed 10 und
UrOfitaDe employment Tor amount uI
withstandng its continued abnormal and eNtrayagant
prces but at the tine we are also compelled 10
make the statement which 10 any observer needs no
proof that In consequence Of the high prices OF lumber
there has been very great dimuuton In the eonstruc-
tiOn OF houses factories and shpshus directly entail
ing an increase of rents manufactured products ana
freghts and indirectly swelling the volume OF prices OF
all labor and commodities.
Another result arising from the great enhancement OF
prices above referred TO- Of all labor and material s that
the products Of American industry exposed 10 most
unfair competition in their and foreign markets With
the similar offerings Of other countries produced from un
taxed raw materials with the further great advantage or
cheaper capital ana lower wages for labor In TACT III
nearly every department VI American industry the pos
session OF tie home market is seriously nterfered WITH
while our ability 20 compete with foreign nations in fol
egn markets is restricted the sale of very few alu
ces In which the American producer largely favored
natural accidental advantages as in the case OF pc
trOleun cotton, sewing g-machines, etc.
The following table furnished by the Bureau Of Stalls
ties shows the decrease n the expectation OF various a
tics during the fiscal year 1906 compared with CORE
spending years 1S60 1861, laC9 1854 and 1865: