New-York tribune., 1868-07-31
FOOD IND CURRENCY.
he Financial Chronicle saws:

The FindHcl0t Chr0nlcte says:
"Infnrmation received from all parts OF tho United
States wall Europe render IL certain that
the crop of cereals FOR the coming year Will be uncOm
will e abundant Should this be realized what Is 10 he
the price of great staples when the crops are wen Sc
cured and ready for markell Should the surplus III TINS
country over all needed for home consumption, be- az
probable at least equal to 75OoOO bushels OF wheat anh
find a market abroad IL cannot be held here II must
he exported and for that purpose II can he worm Ohy
tbe crret price i'm Liverpool plus expenses OF shipment
&c. and that price VIII govern the value OF the entire
crop. Should the supply abroad he large as appears now
quite certain that the wheat Of this country is brought
into sharp competition in the markets OF Europe with the
cts we shall certainly be Obliged TO sell at much lower
prices than have been obtained for several years past o
pcciay the last year. aud Our dGrtcutTW iHeFcSS
H beg for he first time, to Jee he tH egeels dePre
ciated currency"
SO ,ce think. For three years, we have been
calling earnestly Oh the Producing classcsto join
us in demanding an early Resumption of Specie
Payments. All the seeming advantages of an
inflated, deprecated Currency are Fictitious,
illusory, baleful-exactly like those of Alcoholic
Stimulation. "Give strong drinks to him that
" is ready to perish" as our country was five
or six years ago; you may thus carry him
/ through a crisis that he could not otherwise
survive; but let him never fancy it will do to
keep drunk five or six years after his Crisis Is
passed, and he becomes subject to the laws OF
ordinary, healthful existence We ought to
have resumed Specie Payments in 1865, the
moment our Revenue exceeded our current Ex-
penditures. We could have done it then with
less difficulty and at less expense than ever
again. But we can do it at any time when the
People say the word. Only let the wOuld-be
swndlers of the National Creditors by the
| Greenback dodge 10 robuked as they deserve,
anu we can resume on n weeks notice. And
we trust our farmers will realize that an in
flated, deprecated CuTencyE is damage to
them-that it enhances the price Of what they
buy more than that of whatever they sell; 80
that they lose more than they gain by it,
- But the farmers will learn from a bOunte-
Gus harvest still another lesson beside that set
forth by The Chronicle. If they have large
surplus of Food to sell, while Europe has also
bountiful harvests, they will be impressed
afresh with the superiority of Home Markets.
Were we digging the ores and smelling the
Iron, Copper, &C. making the Wares and Fab
rics we are buying of Europe, our farmers
would obtain far fuller prices for their Grain
than they can hope for with so many of our
workshops in Europe. If they must ship a
large surplus to Liverpool and sell it there on
a glutted market, and sell their whole crop at
prices fixed by the net returns from that sur
plus, their big crops will profit them little.
But. as Gen. Jackson forcibly said in 1924,
Take six hundred thousand persons from Ag-
riculture and employ them in Home Manufac-
lures, and you thereby secure to our farmers n
larger market than all Europe now affords
them. And it will not only be larger, but in
cOmparably steadier and suTer.