New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-16

consider and reply and did reply In O Report which
think may st be studied with profit by some Pro
iesSors tLaughter.l / will quote verbatim what he
says on the subject of monopoly and prices and beg
you to give 1t olose attention 1t is this But though
were true that the immediate and certain effect OF
gatng or controlling the competition OF foreign with
domestic fabrics TO increase the prices IL Is univer
sally true that the contrary is the mimaie effect with
every successful manufacture. Whena domestic manu-
facture has attained perfection and has engaged I'm the
prosecution of competent number OF persons, II in
cGaolg becomes Oh ,aPer Being Tree from the heavy
modities II be afforded, and accordingly seldom or
than the foreign re- pS article for which snSs 11 tme
internal competition which takes place soon does away
with everything like monopoly, and by degrees reduces
the price Of the article to the minimum Of reafopaIs
proht on the capital employed This aecOrds with the
that the interest OF community with view TO even.
tual and permanent economy TO encourage growth Of
of price must always he we'll COMMUNICATED nv peT
manent reduction of it," That is Alexander Hamilton.
1t was good while ago he said IT. but 1t is as true to.
day as 1t was Them and the whole history OF this
try since is confirmation of his statement One word
more from Hamiltons Report-a word which embodles
great general TRUTH "The importation manufactures
and supplies seems inpariabiy to drain merely agrcu
tural people OF their wealth" Here is law stated
what Is the reason Of iti All history confirms It.
have no doubt that. between agricultural people
and manufacturing people. the advantage Of trade
always on the side of the manufacturing people. That
is law stated by Hamilton Let nae endeavOr to give
You the reason for 1.-THE reason that s that underes
and uphods Manufactures are always compact
in bulk. In other words, thousand dollars worth OF
hundred dollars worth OF aRricultnral produce Now
them the of taking those manufactures from the
point of production the point consumption, though
IL be 1000 miles, trife. bagatellet whereas the
cost of transporting that bulky agricultural produce
the space s enormousnay is ruinOus to the
producer; for If your ultimate market say for corn be
price in Iowa win price in Liverpool the cost
of transporting IT, inevitably In other words while the
consumer In England pays two dollars bushel for H. the
producer in Iowa will not receive twenty-five cents.
have in large quantities vainy offered in mar
ket at fifteen cents bushe in the capital OF that state
There is no corresponding tax upon inc trans nnHs
for the thousand dollars worth OF manufactures ID
England has cost several thousands Of dollars
lures can be transported from England to Iowa for
twentieth or fteth part Of the sum. Now then, say
as the price OF an article IN the hands OF 1ne
ing it, then the deduction from the ultimate price when
which the average producer of manufactures must sub
init TO; and this creates universal tendency In the ag
come dependent; It's securities OF all kinds Its cash.
everything that is Of the nature Of permanent wealth
try which provides 1t with manufactures
ADVANTAGES OF A DIVERSIFIED INDUSTRY.
VIII. But that is not the sole A people Of
mixed manufacturing and agricultural industry gives
very much wider and more general employment to its
labor than one which devote itself to agriculture alone
or that this State OF Massachusetts affords magnificent
example. Your people only provided with more
efficient implements OF production than those OF Arkan
sas or Minnesota are, but you are enabled TO give
them very much more general employment, and you
enabled TO pay them very much better wages than
you otherwise could do remember the day when a
smart healthy, stout American girl glad to work
for fifty cents week in New. England-do homework,
and do 1t we'll You cannot get any such girls to work
for that price now and thank God for It. [Appause
They want four to six times that Whyf Because
manufactures have. created here market for
female labor and for children's labor which did
not ex st while New ,England mainly an agricultural
community. Your people earn great deal moro thah
munity; and that addition to the national wealth is not
considered in Prof Perrys political economy. Applause
cam on the point where his philosophy DIVORCES from
mine buy where you can buy cheapest think is the
frat commandment II not the whole decalogue OF Free
Trade Well yes but cheapest in what You are no pro
Queer. Of money here Of gold or silver am not WI. I'm
have to- we all have to- Now then. what determines
the actual cost to US Of the products we need Let me
mind. Take the old township Of Londonderry 10 New
years Sd ana entirely absolutely aGcn
tura to-day She had 80 years ago-lOO years ago, st
woven by her people But the development OF the British
spinning jenny and poweroom destroyed
munty Well she buys CLOTH and iron, and wares and
she sells her products In order to buy them What does
sTo IN ali hs section TOR there much land there
that is filter for growing wood than anything else was
acres after acres swept of into coalps helped do
it. of ip and manufactured into charcoal; to be
sent away and sod at price which did not afford 30
cents per day for the labor employed. calling the
wood nothing; But, since that day. manufactures
Lowell Nashua, Manchester. almost surrounding her
the wood that she still abundantly produces.
is worth "a or s. per cord in the tree as 1t
grows, because Of the market afforded by these cities
sSep sine os es whereas in my boys
days. when knew her better she ground them up into
more than pay for the work calling the apples nothing
30 that everything that has value has been rebed by
around her There are products that had value or
next 70 none until you created market Tor them which
s1S asr Ss o sell a. ali IN former
but which these places have afforded market for Her
double for their industry, owing TO this very policy
which the Professor cannot determine whether 1t
Lei give another instance before closefor my
time is fast waning-to the same general point There
part OF Connectcut-an active, intelligent Democrat
who thought that Protection this was his talk might be
good thing for the msnufacturers-that he could
but how IL would benefit the farmers he could not imag
ine and therefore he was Free trader Wen ID the year
ill., he hired 10 clear 100 acres OF giving
what he could make out Of the wood In that year S2
Congress passed Protective Tariff and charcoal blast
furnace was started in hs ana
teman who negotated the barganl went 70 this same
farmer this Democrat and bought OF hun the WOOD b on
Is to say: he got 1900 In cash sdo Tor the privilege
had just paid thousand dollars for taking the
wood on OF one hundred acres lApplause Now this adj
"oVu Vn INC W
ing a furnace there, addition 10 the national
wealth. as well 10 hts individual wealth II was so
The following extract. BY the speaker added fully u
ing ths point:
Protection that the simple facts that article produced
IN this country sold certain price, do by
thai the imported truth and the cheaper have plainly
number the Magazine
one strong points Ofbe marvel that opponent does
moi deem He audes TO IL, but
ssnty granted thai certain brosdcob Of our
f.sre S5 yard while equally good British srte can be pu
ch.,.d for o. /. demonstrated that the foreign
IA onsfourh cheaper than the domestic article Now
far from this efevdent truth that OF the protective
school question general soundes. while In instances
nm, 10 pov contrsdcd by facts and for t iusrs
lion viii repeat substance before used which opponent has