New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-06

lures TO perfection nowhere else attained There are
however certain conditions which affect, directly in
other manufacturing nations have decided advantage
over 1 refer TO the rates OF wages paid for
Interest on capital. That these arc things beyond
the control Of manufacturers no one will deny That
the necessity OF paying, in ali these respects much
higher rates than their rivals have TO pay puts them at
disadvantage seems equally certain Ihat there
Is one way and only one by which this damaging ais
parity can be counterbslanced, think you Will also
allow to be perfectly cesr Lei us see how TINS case
Revenue who investigated this subject at home and
abroad thus states the difference between the rates OF
paid In the United States and the rates winch OBJ
tain several other countries gold being taken as the
standard in all cases. In the cotton manaa t dae
paid in Great Britain Is q ITO per cent over Belgium
the excess Is per cent In the Wool % M sr sc
In carpet and worsted mills So per cent over France
per cent In iron foundeTes and machinery building the
British wages 10 SO cent In the manu-
lin gold are sis "a n the United States IS rs England
sS in France % in Belgium 81 80 In Russia In reference
the Inequality that exists In the rates OF local TAXATION
the same statistician thus reports:
select example the Gotten manufacture Great Britain
the medicines only
Ts aoU Of S OF g.. and doe. sny S.y regard
machinery which be placed In saeh buildings s
Sn the other hand IL Il. United State, incidence local
ton @suuisctuTe sces.s6. namely bsdng land and
and H. factories S '' Are aa S SSHisd %
cOanty und. Of Incorporation In one state while The
factory located The buildings and machinery and
collects Of the coporaop the municipality the other hand
which the stOekbOlde resides taIe the stock to him a. It's market
Vaue property leaving the remedy In
brought the notice OF the Comm
oD aggregate the local imposed particular corpora
ton $40 the capital invested and
1863 10 over Der But vicious this system upon t fAse lite
eject point be realized until
that the capital required In the United
build about double the amount required for
similar purpose Britain -Four cent therefore, on the capt
tai Of United States represents cent on the
productive Crest Britain rate which Almost double the
average rate Of Interest 10 the latter county . -,
The rate Of interest capital In the United states 49,
on an average double its rate In England and In the
other manufacturing countries OF Europe capital Is
the basis OF all business and nowhere more essen
a 70 success than In the creation and conduct OF manu-
featuring establishments. When 1t costs US twice as
much as 1t costs our foreign competitors we set out at
a disadvantage OF 100 per cent But for these Inc.
qualities Of condition. our manufacturers could
enter the race OF competition with little fear
Of being dis tan by any foreign rival 1t is
protective duties. They seek no mOnoply-no exclu-
sive privilege Give them chance in the game,
and they will take of themselves. Not until the
cost OF labor taxation. and capital through gradual
approximation by some great alteration here there,
shall have become nearly tho In Europe and Amer
ioa, Will 1t 30 safe " abandon the Drosent policy. In