, 1870-10-08

bt II IL c1nlYslfff1*.. ... !
t:cn+ra, John 4. Logan. candidate for cou-
r.r~uan a. Iarrt. Will srras as follows:
hurusa. Sa*ug.tay. OstbstT i ........- |
t;rLcsai losan vi sreak only as ANNOUNCED oy
i;rnc'a1 i. =. BATES. State Treasurer, VII
fre.k as tn1s1~s
H.r: NM. y. FIERCE, Krr.hlcan <an'ltHa*e |
for S,alc senasoF, E.gLits nth Dissrict, will s9eaf
M:nresa, cc:e:c.s.
WHY MONEY IS SCARCE.
There is plcthora of money in New
York. The banks are full, the Sub-Treas-
ury Is full, aud the brokers and spectators
have more than they know what to do
wiih. The rates Of discount are ensy md
exchange I'll Europe ii down to par. While
this is true Of New York, the case is re.
yersct1 at the West. We are short Of
money: our banks are drained, and ex-
change is source. There are several causes
for this. Int they are mostly inciilental TO
the fact that we have purchased as heavily
as nsuAl from the East, at undimin
;sletl cost. while our shipments o
exchange products have been sold
ot an average reduction from last years
prices. The balance against MS We have
haa 10 make good in cash. It is p!aia
operation Of uaturn1 Iaw. Last year we
exchanged commodities. This year onr
prslac,ions were only worth, say, ninety
cents till the dollar compared with last
wears prizes, and. having parchasod like
a,.,os,s.s this year, VIC have becu compelled
10 PAR the difference in money.
This brings the people of tho cnt!ra
wcst to tsircct appreciation Of the effect
Of orr tariff laws. We -aise grain, aud
provisions. aud exchange them for iron,
cloth. glass and croeke1y, cotton aud
voollen goods. The value Of our produc-
tons il fixed hy the foreigu market. The
r.1M2ucer can nuly receive the price p1il III
IiyerI.vl. less the cost aud charSes fos
transportation. If the foreign crops s~
Ia::e. our prices recetle, ard We must sell
al wlus.ser rate rules during the seasun.
s,nt when we ccme 10 purchase our sup
lilies, this r7,!e is reversed The st-osG
arm of ,k.. law is interposc,1. und We arc
compelled to pay prices fixed by tariff.
We have no choice Of markets. The English
merchant only buys American grim when
he cannot get other Mt lower rates, and
never pays farshing beyond the price mt
Which other grain is offered Kim. In hny-
;ng his l,rea,l ani provisions, he has the
whole world to choose in, giving, Of course,
the preference To tue countries which tnke
his pr.alucts IN exchange for theirs The
result is, that he only deals with the
United States upon compu1sion, and never
,1,nkH Hn 10 o1ch .},orsa
But when We corne to buy our iron, cotto !
and wur'llen goods, glass, cutlery, boots
aud shoes, the government interposes and
tells us VIC 1uust do one OF Two things
either buy what VIC want nj home, paying
60 per cent more than We can ge
tie sane for elsewhere, or par fn'
of ca per cent for buying from Europe
We hare becn submitting to this ontrag
for SO many years that most persons ha'
settled down in the bslief that it was
Fixed policy, and SO long as prices of bread
s,rfla remained unchanged. they rai'a n
6pecial attention to its operation. But tn
fall in hrea1stnffs brings the case home t
us in tile most telling manner. The ptic
of cotton and woollen goods, Of iron, and q
all the hecessalles VI ne "Aico "e o"sc
buy remain fixed by iaw. While the Eng
lishmau is at liberty to huy, and does bnJ
Ill he needs in whatever market be ca
obtain it cheapest. We haSe n
choice The government hns CO
doa Of officers along the frontis
10 compel us to buy at prices arbitEa1A
fixed and established by Law. We psodus
and send to Cadiz, in Spain, slaves at
headings TO the value Of Sl,0M,0o a
nually. The price Of salt in Cadix is abo7
!. cents per 100 pounds. This shipme
Of slaves and headings would, therefor
purchase in Cadiz as many hundred poun
. OF salt M Il cents are contained in 81
o0o,ooo- Bnt the government interpos
and p1oIaoles 1ne c1cuauHe VI esa'cs
salt, under rernlty Of If cents, in go
per 100 pounds II the shipper persists
making the exchange, as he mist 10,
bring bsck lia vessel empty, he must
aide Is cents in gol1 to pay the pena
for every l.. cents he e1pends IN salt, Al
instead Of bringing home the Fa'uo OF
slaves in salt, he brings back @ioo't
worth Of that article, and S6oo, ooo IN 6
toray the tax thereon.
Producers of grain and provisions
subjected to precisely the same proce
We send grain abroad, and are compel
to take such prices as We can obtain.
VIC .end -, ,0oo, ono worth Of breadstutf,
Liverpool We arc not permitted to I
chase that amount Of cloth or other arti
We need, or, If We do, we must divide