, 1869-04-01

ase ssas go Ss e ae y Tas s.SsV s,V
IL poasibatttes and tn the short space Of threu
ye4I1 ca1fjed up 70 capital Of s1oo co., the scco.
aa 1usndea sasealf Ell d. dstc Tas tbs result ~as aceo
rished by process Of Ecye solicitation, through
The press and by printed circulars, calling on the
pos 70 bring n 5se5 oT 1ne} M ., e ss
Nlote nelghhorhpod WIS absolutely drained: mort
rarta loans to mechanics and small tnhDufactur-
e5S we're called In, and N extreme sts1EgaucJ &C.
cured in the local money MARKET
Facts IKE these satlsded the Legislature OF Mas.
sachnsetts Of last year thaf the tax Was altogether
tsI-paJsF1. The Rank Committee recommended
that II be doubled, the aSeEage rate Of taIation in
the state being fuiy X PEI cert hgs ~ the asnsl
ieaa prevailed to prevent q greater advance than
one-qua1ter Of one per cent, and this WIS adopt
Cd: his small ge7ssatase Yielding to the ssa's
Now, what has thus been found 70 be true Of
Massachusetts, will undoubtedly be found to be
true Of every other State whefc system Of savings
AnoIhcr circumstance which has tended ab-
normally to increase the capital OF savings hanks,
the dea1ness Of ra estaie and q s1sa st9ess y -
investors. Once few hundred dpllats would pnr-
chase for a mechanic or laoo1cs decent house
Sq1 sn au9 hs ta1son
that far larger sun Is now required to purchase
home Sud when 1t Is obtained the taxes and re-
bsns u us become ths depository Of funds waiting
for the return OF better ttmesof lower prices and
settled values. 1t certainly cannot be regarded as
iaboTrFs o! tie country AT Ia this manner pr
vented irom acquiring homes for their families and
an established Interest In the country and LIS pros.
perlty.
TEE MANUFACTURING POPULATION.
The claim you make that r,ucA algeL .5'a nnmhes be-
-
proves nothing, II tue, IN respect to the general
prosperity; lnasmuch as the whole tendency Of
ouild up The large cliies, IN most unhealthy msn-
ner, Al the expense Of the country: and would
refer YOU In contrast to the large manufacturing
which, an informed On the highest authority,
there has hardly been IN instance since 1853 In
which house has been either built or bought By
N operative employed In the local establishments.
There is also something Of starting significance In
the following essefttons which take from letter
published " General II =: Oliver IN bis recent re-
"0n the Employment Of Children In Factories,
aod Which letter the Springfield Etpubiean an IL
aacnt1a! journal published tn the heart OF New
England, endorses 'as d tlerub{y good description
r.1des ~ esled he great manufacturer, Of
set she sn O. .he sa9 tsss b. @ been u d
ri, 6f nd seae q: + han enoash
With the factory store, Is further characterized IS
sf :Ts :;te: sc E 2sss:ssa :. Is
I 4 II Is
GENERAL pKpCcr7oNR
have BOW reviewed, In the main, the ttxyrhy OF
statements contained In the report OF the Special
Connms sioner. and am really to submit % the
tAtion has been successful
Inerc Is, however IN the harsh criticism which
the REPORT Of the Commissioner has evoked upon
yourself and others something more than appears
upon The surface The commIsstoner-As the re.
suit Of bis Investigations, which he claims IN be-
hay Of himself nd h!s asalstants were fairly con-
iheorJ-psestnt facts and 1gurea, which proved
that while the aggregate wealth Of the country
va was ,nsr1g a rpia a. a. any former period
among the people: shat under the system uf H.
nated currency md indscrimlnate taxation the rch
increase in the waees Of The faboIer had not been
Ia proportion to the Increase OF his living that the
Prices Of III home products had been 10 advanced
e!Rn commodities had become nearly tmnoesaItle
thus restricting the employment Of shipping and
rendering the continued export Of gold and oblga-
that under pies Of protection to American indus
Try. special and onerous taxes have been levied on
Mnfh a 'c 5eqad In no m ,S t.
menf Of the many. Soon after the publication of
bis report i became evident from the attention II
legislation. looking To lower ranRa OF duties on
certain Aftic!es-u1e pig tfon st and lutnl,cr, the
ndustfies~couId e I'D not % long % L. sre1tes. I II suea
movement, however. threatened the prodts Of
man! a,. .ealthy @ r. and poxertM manufacturers, and
meihoda Of procedure, VIZ, either to directly dis
prove the statements Of The Commissioner In ref
erencc 70 The prons Of certain special interests or
| Indirectly to attack and 20 damage bis reputation
for truth, fairness and capacity, Us 10 deprive his
! deductions hereafter Of al weight and influence
| The former method has not hceu adopted. NJ
one hns challenged the statements uf the coMm.s.
soner IN respect 10 the profits and enhanced cost
CT e s,ses 81
| No one has disputed the evidence he submitted
showing that the present tariff on Aalt gives to the
al'ies them TO dictate prices aud to accamulsie
prunts TINT are almost without pre:eieni
T. The n history Of legitimate iaaustsy ~;
the present tariff on lumber has unnecessarily In
creased the cost Of ali constructions OF wood from
the cottage Of the laborcr to the fencing ot tat
aRrtcultuEfst- SlnXul1ry enough, these point,
which are not considered Aa worthy Of spec.a
criticism, Jet IT ID In these that the real offence o.
the report consists. On the other hand, attention
Is sought to te diverted FROM the tue Issue b.
crttcislng the statements Of the Commissioner ii
respect to wages rents and the prices of comnlodI
tlea, although these nlattets chiefly concern the
| question Of currency. and In them the CommIs
k1oner may be right OF wrong without Affecting the
:, q bis " T. s1 nn'
The atternnt ia NJ, nssfe In tiisnsr.0r M Cam
missioner b.. designating him q. : FREE trader:
"fhaf a t.isn ~ msl1asSand sa.ie;at., n1stsefaoa
undcr &c sen5 !. certainty, for ths p,s'tnt "a.
| or The ssha1e tuts"lrp:' and again: taat ds< ~
9airtr<at' e fA< aureTr4n.<nt r rtrtnn< sa1t err
of antax az 10 sard al that en- be rcarnaby a.lc
III on n< c1uu,sis ar n,oteetivn.,'
Furthermore, Il not having been found sufficient
fhsr4kt a$,,fiu
tca If sasinTs hanis and he i3k to ,ii.pTuSe he
capacity Of lie Coorissloner for The disrharve OF
| mtcrusconc care he tTenty seyen paues or c1o.e-
is.pttnsed tn1les conta,urt in the rspvrt and Inv
i1E found one ftaale paragraph. where, either in
| coii1tnv or pruof.rpn1iuv Ihc ttecInal polnt has
been, through inadyeTtence, carried one place fur.
| 3her 10 thc Hont tnan was proper. YOU cite Ills
80 nass y of yoa5 spseSn! @ = ssns.aS,s M shas no
s<ishs = ss.Asi,y: % + xeil m!sa. t. eotans,
Hon william villa D. Kelley ses g' @ssaiaasoa chroats H.
February -, "That III one savings hank IN The
city Of New York, in the year 1ss',
posited," i M evidence or tie gentieman:s wan.
of acquaintance with bis subject, when to do this
would be most Unfair. ina asm1ch as the TACT thai
banks Of The city Of New Totk was on the iat q
January, 1sSs, onl! et1hy~siz naiuons, vas too vel
Known 70 admit Of the idea Of intentional mis-
ssaIemeot 0a ne part Of any one
The earils made Against the tables In the report
o. me commissioner, which show the expenditures
o. iam1!es, are also dlsnRenuous 1n the Last de
| gtfc lhosc VINO make them profess TO under.
sand that ne tables offer comparison between
t1c COSY o. family With heFen children and thai
even Lesser number. But no one can
| look at The tables carefully Without per.
| eelF.hg thas no such comparison WAS ever
| intended The tables puEpon to shoH
| !!oM Aefaal returns. the expenses Ut specific and
Identical families Of rorSin9nsn, residing IN dlf
!efent sections OF the county, IN the years 56D and
l 6s. ftf different Hhul.