The Ebensburg Alleghanian. [volume] (Ebensburg, Pa.) 1865-1871, 1869-06-24
THURSDAY. JUNE y. !sea.
A lesson 80 learn.

From all parts of the country come re.
ports Of the excellent condition of the
summer crops. Already, in many parts
of the South, the harvest has begun
From all present indications, the yield of
wheat in the Middle and Northern States
will be beyond anything known for years.
In y;ew of this abundant yield, the price
of wheat and -four is now lower than it
has been for the last ten years. and the
tendency is still downward This. too. at
a time when farmers pay the same wages
for labor as they did when wheat and flour
was one hundred per cent higher than at
present. If no untoward event occur, a
coed grade of -four viii soon be selling in
whcar-growing sections Of the Middle
States FOR five dollars a barrel In the
-reat sections Of the West, which rely on
the laanuiacturing districts of the Eastern
States and Of Europe for the sale of their
cereals, the price must so still lower. No
person of experience viii dispute that at
the present price Of labor, and in view of
the depreciation of the currency. Penna.
or Chic farmer is no more than fairly paid
at on dollar and half nor h,~l r i.'s
,pho~4,--- seven and one-haf per barrel
for his -four. At present, he can scarcely
hope for such prices. An average gener-
al crop more than supplies the wants of
the entire country. The only market for
the surplus is in Europe, where it must
come into competition with the products
of southern Russia, the great wheat pro-
ducing section Of Europe, and the greatest
in the world.
There is one thing that delivers the !
farmer from this condition of affairs
I hat one thing is the presence Of manu-
featuring industry. Were we to-day i'm
porting nothing from Europe that we caull .
successfully manufacture ourselves, wheat
and other grains would be bringing from
fifteen to forty per cent. more than they
now do. In truth, there would be no ap
probable surplus in the country. The
presence Of home market for all farm
er could raise would be a constant ,t;mu-
lus TO production. At the same time. the
increase of manufactures would keep pace
win the increasing population and wealth.
y ere we to-day engaged in no manufac-
'Ur.lg industries but importing our manu-
faccure from Europe, our grains would not
Dring one-half their present price Nor
Does 1t argue anything against this view
TO say that while home industries would
GIVE the farmer = hnma market they would
'iso cause him to pay higher price for
rs manufactured goods and wares. Were
AZ men engaged in agriculture. the pro-
iuc.s OF the field would have no market
'alue. No motive would exist for anv
'erson to raise more than he could con-
a:ae. Let us suppose such state of af- 9
'ns to exist. Then suppose a PROPOSE T
ION to De made fox the withdrawal of a c
tam portion Of the people from agricul-
- ~ oruer TO engage in manufactures. ,
would easily be seen by the dullest (
hat such withdrawal would make a mar. Y
ot Ior and give a value to the surplus e
rors. But were it argued that it would
Z an advantage to locate those who were t
be placed in manufacturing industries
n tte other side Of the Atlantic. who r
oold entertain the proposition IF it
ere added that the price of labor over the G.
tiantic could aud would be so reducad &c {;
enable the manufacturer to sell his Il
'5-s and wares at less figure than if II
ade at home, who would not see that the o.
~ object IN engaging in manufacturing %
olld be to great extent defeated. That y,
lject was to create market for the pro II
'cts Of the field, and thus give value to
e surplus products. The market would t!
placed SO far away that only two or al
rec of all the various crops could be {,
Mt to it, while if it was wise to have a
arket FOR the surplus Of enc crop. it n
jsld be equally wise to have market for L,
e surplus of ALL III
--- I'll
HE Hon. Henry j. Raymond. founder Oh
d editor Of the Now Norly Yr.r,oo al