The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1871-05-04

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or who had anything to sell, found
market at renume-ative prices. Then it
was that there was developed the ply
steal characteristic of the American PEG
| pie, an ability to adapt itself to circum-
stances, and rising superior to all acct
/ dents in manner more remarkable than
was ever before witnessed.
i Notwithstanding the government drew,
! during 1868 and 1864, more than mil
lion and half of men from the produc
tive employments of the country. the
agricultural and industrial productions of
the country did not decrease, but actually
increased. Machines were substituted,
wherever possible, for men; and the Ger
tainry of markets at renumerative prices
stimulated the exercise Of skill and econ.
omy, and voluntarily increased the pro.
auctions of labor.
AS an illustration, the State of Indiana,
in the year 1859, produced fifteen million
} bushels of wheat; in 1858 it increased
this product to twenty million bushes, not
} withstandIng there had been drawn from
her, during 1862 and 1868, 100000 fight
, ing men, out of a population of 100000.
Another circumstance connected with
f the war was that the great increase in
premium of gold during 1854 and 1866
stimulated to an extraordinary degree
! the export of many of our domestic pro.
ductlons. Gold having risen fifty to
seventy five per cent. above the advances
that had been experienced in the cost of
labor, materially increased the purcnas
ing power of the foreign consumer-or,
what is the same thing, decreased the
, relative cost in our markets Thus, the
? export of bacon rose from two to ten
millions, tobacco from fifteen 70 forty
| millions, butter from two to eleven mil
: lions, cheese from one and a half to seven
! millions, while the export of
many other articles increased from one
f hundred to one hundred and fifty, and,
in some instances, three hundred per
J cent The lesson to be drawn from this
fact is that the diminution of the pre-
; MUM on gold, at the same time that
there is diminutiop of the cost of pro.
duction, brings no benefit whatever to
the country; lesson which is discarded,
or not comprehended by those to whom
the management of out financial affairs is
J eonfded. and whose non-recogniton has
T cost US not less than $100,000,000
The war closed leaving the country
|, without surplus of any agricultural ar
!, manufactured product, except cotton and
wool Then again the South, with a
1 population of IL, 100000, was destitute of
every necessary to continue civilization,
or to render life itself possible. Yet the
South through the retention Of large
amount Of cotton, and though its high
price at that time, was in condition to
buy largely and pay promptly for the
1t. t.
the cotton sent out of the country rose to
| 1891, 100000, the largest amount which
the South has ever received for its cotton
in any one year.
Industrial disturbances were prevented
at the close Of the war, in great measure,
by the large amount of money distributed
by the government, In the two or three
succeeding years, in the shape of bounty,
prize-money, etc, also operating to slim
ulate consumption. The amount thus
disbursed amounted to nearly $7000O0,-
000 nearly all of which was expended in
the purchase of food, clothing, traDspor-
tation, and invested as capital for a new
start in lie on the soldiers return from
| the army.
1t has not, therefore, been till within a
recent time that the country has been in
a condition to gauge its industrial condi-
tion, to clearly view the question Of sup
ply and demand, to determine what was
to be the effect Of the debt, or the infu
ence under and through which the taxes
for the payment of the interest Of the
debt and for defraying the expenses of
the country could be met.
It is not to be expected that after hay
I, hor
incurred such monstrous debt, that the |
country could go back at once to the con-
dition in which it was before the war be- |
gan.
AS to the unbounded resources of the
country, they were such that the de-
fcencies Of food occasionally experienced
by almost all other countries were, from
the great extent of our territory, unknown
here ; the causes that produce deficiency
in one part increases the supply in an.
other A thousand million acres of fertile
land awaited the cultivation of the labor
er; we have an immigration of three hun,
dred and fifty thousand per annum ready
to settle on that land; we have an area
of land adapted to the raising of cotton,
of which not 3 per cent is yet cultivated;
we have sources of motive power greater
than all other civilized nations combined j
we have all the conditions which tend tol
render the labor of man p.ont lble /,
and give capital its create st reward, and /
if anywhere on earth labor and capital i
ought to harmonic, that place is the i
United States. IF to-day it does not har- !
monte, every obstacle in the way of it is |
artificial; there is not one that is natural. {
Pauper labor never has and never need i
exist anywhere where land can be obtain {
ed per acre for less than 6 days Wages 1