, 1869-12-22


II remsns but 10 eonE1der the position which
the farmer holds dlsttuctiye1y as producer lie
fshcs Dia wheat and other protoce. under sy1-
TEN Of currency which nnsettIca values Inn 4tel
prceR, enhances the coal al labor snd ali TIE eic-
Mepts Of production. aud Affor1s daily orportuul-
wheat ard other produce un,ser saria Wnteh
without s1ord'ng him any sufficient cpmpensa-
t'ou, nnt eeess9ly increases the cost OF nts tools
Wheat produced under thcia ctrcnmstances
costs great DEAL more than II toea IN countries
fee from such ehaErasSmcuts bat 1t does 40: sell
for more. On the contrary, Il has 10 compete ia
the market with wneA, produced bv the 20 called
"pauper labor " Of Europe, md returns 70 the
farmer no more than than rne price Of real paupeF
OF wheaE 10 reflect, that while he sune.s from u
delrec!a'c'l currcErs. and Completes with the
ktahle condtil0ns, nctait,c Tal1ta cheap materials
and cheaper labor Of o.cer countries. contributing
at the same tine his share 10 the public retcnues,
hetko nakes much beaver contributions on his
elosn'ne, iron. lumtet coal galt aud the Ike, not
lof revenue, but for the ptunta OF Industries more
favored than his owr, iha' laet may be scrccaeh
from the competition 10 which 1T Il forced to sub
nN-
RrAr1os OF <rF,,.L TAXES m TIE NET SAY
INGs OF TUE csrcSTRf.
ltul 1t u not Necessary tha. re should coa1ne
orr !llusttAt,ort o. the ite1ualit or fr d!..tif1-
tton Of the ues products OF ,noHssrv, resultine
from the present sJ.ten ot currency and tax41Ion.
20 auJ pss:culat Glars OF The community. The
evil IS General; the Illustrations cau be maize gen.
e1At $50. ~ ..-.. -
rstEtnt net EAvtug. Or addition TO tbe p-nlucttve
capital u the countlt, ,!oss cot exceed san,uo.-
t0 PET surHm. IL t. ,o'eIrslrK ~ iuquile Hhat
agencies s1ect thr.6.tnsuIGn OFT hts surplus, and
Ia. IL The relation Mrne 10 II ty anv h6ursy
which Dar accrue to specia interests by The favor
Of ealitilg lave.
Let o. taAe, rns, the ca,e OF pss iron. The
s1.sent apLnal consun ttion Of this article IN the
ELi,en States tIGn. es:c au.l forei2I} " about
l,ss1 no rohe. II the pEce OF the domestic pro-
fpct Mete less than the cost at which Il could be
In, n1FfF4 nina &9 rn1fA
NrOn foFcien iron, We should import none Prac-
tlCaly, this II tne exact 1rn,h, the only rig iron
manly see,ch p'r. ~ ,n,eHor variety, required
~ etoye-found+ts for mixing, BY reason OF i:s
greater fns,b1lsy-aa article which ,s rot pro-
tuced IN the United states. and which woa1d
doue:less continue TO he fnporsed were the day
tLcreesed IRON niue 10 eighteen dollars Per TOP.
II therefore follows that the price Of American
gold, or Gil currency. Ia e1cess Of what need 10
Eave " eH paid BY CONSUMERS but for the tax; aud
Y tnereo! sne sum Of ts.,o"'.en was rTan..e:reti
to The Comparatively few iroo mssters. AlInou9n
| tt7Iny Iot have been all prons TO them, nod f1sy
| simply have wa.ralte't them 10 producing tron a.
e,sner cch1, YETI: rep1eaents three ard ono,
| RE patton. ctsetse1l or taken from those who
actually earned II Tor the benefit Of probably not
ofei one thorsand !1flE1duals, who are 1ae pro-
| pste:crs at ifou foruaces. ~ ~.
Agar, let IL take TIE case OF 1als, the duty o.
tie Importation Of Wnch IN bulk ID Is censs per
! kEEGred pounus, or with gold Ut 1887 ssH cents
! CURE ncy. The Eresen: consumption OF salt IN
the EE,fed siaes Il etliIa atet At about 3oVA o5l
| bushels ref nunnEr. lhe PHtre Of v hcn has bcel
eLhbnceu from ta3a CENTS IN 1=6J to 4RdSJ cent?
| IN 1ety. An~, II We a.sumt That the 1npoNuof
Of iali0 on rat OF Irun - 10 It's per cent (se*
imports Of 1ets> has unnecessarily increased t1t
general Cost 0f thts Indispensable article to thf
extent 1f only 10 cents per pushef, We have there
! bJ subjected the eomnunity TO . tax of $a,9U,
tpt per anunm, CT have diverted, In the consnmp
tion OF Tits single article, ITpD what would tavs
fesn an otherxise natural dtssHb1tou OF the ne
eafEilgs Of the nation. more thar half OF one PEI
cent
Similar tetucucns Eay he made IN respect :;
| l1nber. The Esiertas VhIch e11eF lhto the CON
| rotltlcn OF hoofs ard eeoes and tEe mznutaclur,
Tooea sood. q - se I'D sfes
vx1Hty ct other ar,lcleA tie ps:ces Of al o
which hare betu grest15 md unnecessarily er
e1.tct CT there things cannot te dWasied Or mad
! 10 appear Of no account, IL L. oftAu attennptet
~ showing the Insignificant relation oetEeen tn,
t1se-as, for example. between eighteen cent
| Per hundfsd CD Ralt and 1he cot OF barrel O
pefk; netreen s'1ty per cent on s1lk and she cos
| OF the baEd or ltn1lg Of = COMMON felt hat; be
| tween three cents Ser pound and ten per cent a.
rot1eu On Steel and the cost Of an axe; or nv,
i,s ,ninslon. II tnefr we're only one barrel .
! PORK one Eat, one aIe, aud one ecp CT conee ~
iseted. ne ennancenens Of prce would nos
| Iee; o1t when each Specific And separate ~
stance becomes multiplied By millions, the Eenef.a
t1ect cannot te Otherwise than tu 10 iucFsass ,os
1
The power Of accumulation 10 AL ,hote wno aft
net abe. 10 a corresponding sieerse. 70 fncse7s:
| The eGgle-Ate OF their receipts Hnm income q
| people have Lot been tuus Aoie IS na8tet O
TACT which can neither he GalnaAa nor Us
| proved. r..
During the LAST few years soe Manifestations o.
| dtseontelt, en- the psrt OF the real 7rpd1csus
the encroacements and oPrseesions OF capital
| hare rapidly Ilerested IL numbeF h2t Significance
| To Manv these expretsI0ns Of 0tscontent nart
| keened Unreasonable, ln1auuch - Wages haTt
tent the houfb Of labor shortened. But when ~
corAicer ROW small, even index The moss favot
/ able circumstances, ls The net AavtnS which annu
| all5 1cCtues 10 any nation n8 compared with tn
| value Of ifs annual grosz ptodocs-the Cnlte'
StateR for example. IN 1850. altar an existence Q
abuut Ihree quarters OF = century n a nartou 40,
as soe tesult Of al tie laeo7, enterprise and ecoc
| ouy Of It's people, having oAen ahle TO aceumulat
only shat would be equlTalens 70 loou1 tour yesr
| OF Garrett texcepottostss-we can rtadsly undeE
! producer. etaf1tcg wkhout eApliAl, 10 make 81
| nf1t accumulation. and noE altVht change In Io
distribution OF the net annual pfons Of tna natlo
may make 10 the masses all the difference that E.
| lAts btIWeen abundance and deficiency. Advanc&
mtns and retfoQreaa.oD.
TIE Hondtr, Therefore. L. not thAs lA5oF, lee
lie iUell ae2Etered, and cot Clearly seeing tt
cnnse Of It's kuteErGA, should tnSnccEvel1 q
cut and oindlJ aecuse capital, but rather that Z
oaloutht OF fsnorstrnncc hsz noa been more II
The following letter, with tta story Of 1lnnp
eioquencei Addressed 10 the Commissioner BY Il
mad Of larRe seminary Of learning In one
the Middle Slater, in response 70 circular askts
md 1850. Is the only additional evidence which
. Gre.e rs,us al rsal and personal property d .
| the I II S&{