, 1870-02-14
elementary Principles OF Political
Economy.

To the Edittr e} The chieuqd 7rituns:
a writer, Aigu!ng himRelf d, IL the Chicago
Journal CT FehfuhrJ 9, gives III public the benefit
Of hls Views on some polnts on political economy.
lie has, evidently, not thought 1t worth his whuo
10 give much attention 10 the htudy Of the
elementary principles Of that science, or even 10
tske The trouble Of 1enects1g seriously thereon.
liz, however, mafes Use Of come Of the atgp
nents which are velv much IN the mouths OF The
advocates OF prorcct1or, Rnd therefore desire to
nake hts s'tcle the foundation OF souoe Fru,Arks-
The Nr.ter'a nrtt distinct conception IL that the
labor employed 10 moving commodities from tho
place where they arc produced to the place
where they are needed for consumption 10 go
much lanor waited. It"adda no qusltsies' to
Tue commodities Let NJ reject q moment upon
shis proposition The people OF chi.
cseo want lumber. There IL plenty
Of II growing In Michigan: but, 10 long
AZ 1t remains there, 1t II OF but little use to tie
Ecore OF Catcsgo. II lack1 one Of the qualities
LeeessaIy TO 1T 1t for their use.-tne quality Of
icing where 1t Is wanted. The labor which re-
moses It from Michigan and p!aces II In Coicsgo
has conferred that quality upon II; has gwen II !
value which It did not posses before VINO will
say tbs: this labor Is OF ! noss wasteful chaFac-
ter than that employed in telling. saving. or any
other operation essential 70 its production Has
Mr. u ever rejected upon the conditions neces-
.arJ 10 rive sAlpe 10 any commodity. They are
very simple It Ia only necessary That 1oneood1
should want II. lts va,ue 10 great. In proportion
the desire 10 possess It IS great The desire
TO poEseM II II greateat n the place whera It ID
construed. All labor nee cessaty 10 put Il in that
CONDITION. Is equally insii iunenta, 10 giving 1t It's
sa;ce- at Cannot be wlse,'' xa5s D. "to pro-
iuec otr supplies 1housarta Of miles from
wEtrc w. use them, II the AAue amount
u labor would rrolnce them near by BY your
'ra,e, FOOD MF. II, ! think 1t CAP. uomeunes, be
I Ia fsbc1 vnSr = tfryk
,rs or wheat IN Iowa OF IEuo;s. will lr.otucc Ioar
umts as nuch OF that staple NJ the ZANE nIouut
Of lAhcr In ErglAtd. lAy q lab5T devoted TO the
| 1nsnclA ctuYc OF trcn N either OF these Ststcs,
Will Produce about the same quauttsf as In Eng.
land, The consequence Ia, tha: the English manu.
| tac.urer Hould gladly exchange With the lluoll
faJmcr the product OF tx daJs'lAbor IN Iron iot
the prrduc. OF one days labor IN wheat. IL whe1
| sc1sc can that leclAlation be accounted advan
| ,seeoua which compels the Western man to wotl
| TWO days on the forge for the tane quantlsy o
ron that he might ootain hy one days labor Ia tht
] Geld:
"The tsrin adds to wealth by en"los1rs
| lhbtr ard IecotpE the pay at hone." AL homo
70 the tar.1 then. 1t Is indeed Al
excellent des.ce, II Ii viii enable % TO ptocurt
eou odities, md, n the Sane trne, to retain II
| our rosseaston tnat which We sno1ld otnerwtst
have given for them. Let a. suppose that Nj
ia = farucr- lie might cusIls Try an expe1tmeu
TO fe1, the accuracy Of tho aooye statement L.
l us lmsg1ne thas, instead oil sending hts money t,
l the E4st 10 pay for boot. and atoes for htnsel
| snd sHui.s, Ec concelses the Idea Of EAnufActur
! rs :or tlntci aud "kcen!ng the pay at home,
| Lie Is presumed TO produce h1AtA; and cak bari
l los tanning u easily cota.neo- He sAns and cu-
,ns these hides alter soma rough fashion, AID. !!
cvu1re OF 1,re, with much labor, produces service
sblc {,.o. u for hlmtclt and nonseholt. As be
l arly,, his last reEs, we nay fancy TINT he cou
] nuIcs with himself in III w:se: "Taese boot
aud srces are, ee1sA!nsy. not VerJ sttr1,tve u
| srpt 11atce, aEd they have coyt tne great DEF
| cl ,aecr. really think that could nAs
1 gotten 1hem easier By r2is1cR wnest or Fof
I 10 kiye in exchange frr them. lat then kee
I ;ts n.y q. home. There Is my Advantage" "
| usJ ht.e suppose that d lays down his awl An
HAMMER and scratches his head dubons.y. !
| occurs 10 him to renect 4 little mote sl1io1sl
srAn he has hitherto doue upon this branch OF "a
l Au!tect- Anan naE write po,it1cal economy 70
I the Chicszo Journal without experiencing nue
.fcs s4.ty for reelection, provided his coccluAioa
coiLc.de with the Iiews Of that paper. But b
cannot tsnnssct political economy without beln
compelled 10 .etect. "ls 1t realty tine, he Ak
n.Hscls. that Keep the pay tor these articles
l aoHeE Lei NJ see. II hAd procured them i
| ny oAnal Way, l saould have spent the time thu
Z ha'e oeto9ea TO tne!r manufacture In rals!n
"lcaI aaa PORK, and the NJ ais OF them would has
:, pu1sa1tea 'htse Articles, Win sone:hina ove
Bufs a,nce l hare no, 10 ,n.nt M Nm,
Q Lave not go, the wheat and no1t. Trnl
d cWcnN 10 aee how c1n ee+
d that which nave rot got 80, Nj. q. Ioo ca,
70 rot eat your cake and keep it, too, xud no ma
= OF community o1 men, can Procure the object.
1t thetf deAfe without PAIRING with eo1e yaInsh
consideration. The sAne csrcarn,t,nc.. ~,
DAAc II unwile for 10 make hta own boo., !,
i, / aaoes, make 1t onwlse for cetta.n corunonrss
10 lbe'r OWE manufacturing, The reAsou vhv