, 1869-12-22

kLattly IOeALHE anu 4lNtttc uaA1utc
there woutd seo to Be, urd-r the present oondt:
ton OF pyces md coat Of prod0ctlOn In the United
Suites, tut che resource, v:L. 10 remit Certificates
Of trce; ce;tedness-IAttc1a1 Statf. Or soIposases; s
goes on. mouth after ninth Ahd 3ear after JeaE,
without oecasiou,nR .hus lar hnJ inatked ois!ur-
Now, whether 80 Efeat m exchange OF eridences
OF indebtedness for foreign commodities or for.
etfn services Is sdsnn.ageou2 TO the country a.
balances chn cotitDne, arc g1est,ons which II i
rot ttces'ary ',inmetlstely coua1des, tuasmueh
ssns T.n ss, iasnsr defi ~ a. a. ta po.ns
ab?e To Wholly psy for our foreign Imports aad
stlfces WIN the products OF our own Industry,
including, sf.sE .he discovery q California, aad
sod e veaa aeee Ses eesa Sfssae1 Il
sIs not nov 70 doing: sad tnn Latter cifsum:
stAnoo would seen TO prove beyond question tnAs
the agsreente Of Rational production aoes not
rsln'ain The e1mc proportion as formerly 10 the
sgRreRatt Of natIooal consumption.
IL must not be forgotten. furthermore, tha. BY
the remittance Of bonds we hare slupiy deferred
Etet there obligations; and whenever sncn ex.
port Of psoducts IN payment Tor pant imports Ah al
C q q % ~
Product for product Ia the absolute condition on
which alone commerce u poaAtbc,
a.sss Sp or
IN the ra,lo that formerly existed between M.
nonal plodncnon and rsstousl consumption l. 10
he tould n The iaet that during the last few years
large numbers Of our population. under the iuflu-
c1cc and example Of htgn run = realized In trad.
Ing during The period CT monetsry expansion.
Estional Esaltn. and s,usot employm ments con
necisd With commerce, tzad.Dg, OF speculation.
As eoEtcquerce. wc everywhere Ind large addt-
an Increase In the number and cos, OF Buildings
devotei TO banking. BROKERAGE. tesqrauce, CON-
mission tuSl1ess, and agencies OF NIL kinI5, the
ri fFAnnV anil EnerulNftnN
whole community. as Distinguished mon the
spit1: OF production, and nll the eItsrcal appear
q ao u a M
growth OF really sourd commerce, but rather as
the II suits OF influences which have origin Atetl
the cause What It my, one thing IS certain, VIZ
consequence; directly o,,,I ns rae gthdrawas
ductne Or less productive employment, and iati.
rcctiy BY iniusiug tpir1r OF dsscou'ent among
PEELED 10 csfn tph.is.euce IN agriculture or the
nechAL1c ana. thtrtcJ lnpHrfEg both the guam
ttty and quality OF the cro6uc!s OF rbeic Industry.
one Of tic largest uahulac.1s1rg ct,a III nnents
IN The Middle States, thrs wr!tes ta the co1nts~
etoner:
nud icss Itirrrei 10 the wnIk he pei h.s crlv
sins tG s., the bill san ounce The tour Of bis
Al other, EuperiEteadeat Of au extensive maui
featuring couraDy, IL aosxtr 10 . question % 70
the comparative amount OF woFk performed b.
Eecbnrlca AID l:tinTerd IN 1861 aod 1s6y, submlta
ihe ioliox ioF s1alement: - =
% "OcroRER ], 1863.
"1u reply TO snuF iavo7 Of the 18Th, would say
ihat now employ 4eycuty-eRht ncu men AZ me.
chau,cs, some Of them IN building {aew machin.
er1>, hui rost OF them IL the way Of Ordinary re.
p4tIe 1t ID impossible for me to state accurately
the quntti1y oI work aone by them as compared
with whas would have fletn accomplished By az
11ic Fu{c 10 ray It IL nrenf4 Fr< per cent less
This difference Is ocrastoned ID par1 by fcclloa
that tntt arr less favored regarding tue hours oj
iator ttian rrtchan.es y Hhn are enpIoyei hY the
EaverEnetr, hui chieny because many OF them are
not really mechanics, having never terFed as ap
Sben pep va
| abundant"
With q rtew OF nhtalE1nR further tclorcnAttot
concerning the reia,re nroauc. O. aoot lu lss9 =
! compared with 1861, the following question Wa
| appended 10 circular trclative 10 wascE esten
stsely fosHsfded ~ me commissioner 70 thk
'nIgett AID noss lntetgent emp psoJers 81 Iao9t u
! llnefent Eectf0us o. lue CauulI}s f,ttd*t state
athe. y, ne; Snr son 1x1a", a ,n' ama S1,' per-
NO. ~ r. ~ ~ N ~
Inc tut1e being omt.Ied;
| .Aatnt. Inrtthnd.-" No. surely" and get tSel
90 Al t1cy get pay lul At fuH LUG WeCnaul'
! HoN Ats - nnlu WE
it!lds rs much
more, s On aecount Of ths Improved maen,nery, m,
latn1fre lcSs-
AlaAtaeAu~t:., H"rYattrL"I think We don't sc
ss Eonch WsiS az iotmefly p nitsen PCT cent
/ A"!ua:C"i lNieA use men nta Mole Hotk N ~
tpan Hx CO COW. "1ooa nahos more sealcs nov
than 1t &cAt tane-' -.
S1e FORK, VIZ York Git".-"
think the. perform from one-1oustl
! to onethtrd less work Slice than before The WAT
EnFsle-"ss .ss nfI r. eent m dscounI 7y"y-" S1. no
! hs II PER ceur In the average. -i0dny-" T1ret
.ione Masnns OF hricslayers VIII not DO. a. macf
a. ~ n'h formerly.
.Ser Je1eF4'. .ttTsey CitN.- They do not perf0.n
morc than two-thlfce Bs much "a formerly