New-York tribune., 1869-03-03

.- o .rd sco,, NJ rrin moro general thah ShysthaI
Ind been witnessed since the years OF '"H' -, ., :,
trade period which terminated win tho $50, xght
40 when abroad stocks were almost Woi'"Hi'I'o -
t . tlc pr,ce at " hich British iron masters were
,1i o1v tbat they had so efectually orushed out
s,n,tt;on 10 meet tho demands OF raiiroau huaheo
o, thew stli ready TO accept $50 per tun as lno sP
i,. price Did they then manifest any desfo 10 helP
se friends who had 70 largely aided them IN
- teouinr possesson OF this American marketi Far
go, al The more that railroad stocks went down. rs
nseouence Of failure of the domestic commerce. the
more determined aid the British masters OF our Aneri-
can stockholders show Themselves shyockke' 10 exact
tbe pound OF nesh In that unhappy perlod the snip
ming price of bars was Ss and that OF railroad iron w.
the average having FoKTYFoUR DOLLARS OF nearly
90 per cent advance the pces accepted In 1889 Wheh
o foreign lords and masters had been engaged In Ove
,ohe0 all forei0J competition IN times Of 0reai deTeS
s,on and thus clearing TIE teay for the whoIs trade
ste IN tehe preesreUred 0ndlo curry on ed1 oHSeS'
before foreign capital could again nceumuIdsS0 50 as 20
able 10 establish competition ~ prices N'A any S'e
success ...5 '.r
Twice thus at intervals, had you lad low British
prices aud great American prosperity as consequence
OF that policy under which American competition Tor inc
sgls OF iron had largely grown Twice, at similar inter
yas had you had high British prices and universal Amer
lean depression consequence OF the readopuon Oh
that system under which you had been compelled to COM
pete in foreign market for the purchase Of British iron
trade mortar and twice had transpoers found pros
pery by aid of those protective measuresto to which you
have always shown yourselves so much opposed Your
British free trade experience would seem thus to have
been = somewhat sad one.
Looking now around, railroad stocks scingJor
o.sand millions that copld not ten years since, hare
sold for four hundred millions WHAT has caused this
wonderful change1 Tho recreation, by means Of pro
tectiye tariff Of great internal commerce, ana nog
else Under that tariff mines have been opened Dns ana
have been built demand has been createo LOT
labor and labors products; commerce has growm anu
road propretors have participated With farmers IN the
advantage resulting from the creation Of that great 40
nestle market to which stand now indebted for the
extraordinary fact that whereas In the closing years OF
the last free trade period 1880 with $1,000 miles OF rail-
road the unnage had been lesa than soO that OF the
past year has exceeded 100000 the annual value mean
whio, having so increased that whereas tho money
value of the of former years had been less than
that OF the OF the later hos been
no less than 81 ,723,O 3,OOOOOOl
"The MORE my friends. that you shall stndy these
great facts the must you become 9atisded that your
present prosperity has resulted from the pursuit IN re-
cent years Of policy tending to make homo demand
for the country labor and the county products and TO
bring about that full development Of our wonderful min
era wealth to which and that at no distant period
10 be Indebted for perfect control ofhe commerce ohe
vord To that end there remains, however much lhat
is yet TO be done. Largo as is now eur own pro-
dueon YOU are still dependent on foreigners TOT huhd
dreds OF thousands OF rails and other hundreds
OF thousands OF tuns OF iron that should be MADE
at home, ard that long sincO polad have been 80
made had like you. interested in roads, fully appre
cated the fact that railroad shares gr0D IN pdue pre-
etSely hs domestic commerce oWS and decline IN vdHe
precisely as that declines Had they done so In
the past they would long since have volunteered TO
say as they ought to say that regard for their own
private interests az well for those OF the nation ut
large required Of them to hand IN hand with those
engaged in the great iron manufacture, giving TO IL sueh
complete protection would have the efoct OF Satisfying
other capitalists abroad and at home that they might
safely proceed to tho building, here Of other furnaces
and other rolling mills and to the development
of the millions upon millions Of acres IN which coal aud
iron so much abound SO doing you would be preparing
for Of prosperity among yourselves, the Ike OF
which the world till then had never seen, and would
have the satisfaction of knowing that your own largo
profits were then resulting from tho adoption Of meas
ures whose effect thad been that Of doubling the pro-
ductve powers OF our people while giving TO the State
that Industrial and political independence without which
IL can never attain to that commanding position when
would enable it say to the rest Of he family OF nations
that peace and not must in the future Do allowed 10
prevail throughout the world"
To all tins you may, perhaps, object that there lis not
to be found in 1t single word n'rcaton TO the fanced
troables Of men who "boiler plate aud tenpenny
nas other OF the little facts which occupy large
space in your voluminous Report Such certainly 10
the case, and for the that the who Is here
supposed 70 have made this little speech had arrived at
the reasonable conclusion that when mills and onnnes,
villages and cities, increase rapidly In number and in
size, the men who make machinery generally profit
thence he harmony Of all DE real and permanent inter
ess Of he paro5 portions Of society being perfect as TO
sape no room for he petty diseOrdS whe you haze soh!
10 place in suok bold relief.
Yours respectfuly,A HENRY Q. CAREY
Hon. d. A. WELLS.
PHILADELPHIA. February "a. 1868.