Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1873-08-07


Fres Trris. says the ksr Fork Worls.
would wrese fto9shc Federal Government
it's most dangerous md eorrup.ins ins,ru-
uent Of constituted power. II would re-
store 10 the people she wealth Of which
Prosecsionists srs daily robbing them
II would abolish the tariff jobbery. the
power Of which Is sufkcien, to enable any
administration or party to subvcrs State
governments. and State Rights of oil
kinds. to inslave society and corrupt the
politics OF the coantry. RI
"How is it," continues the Void.
''thst loo bushels Of whes, buy less eof-
fee in the United States than the same leo
bushels Of wheat would buy in Europe
And how does it happen that l 900 pounds
Of native bar-iron buys more coffee in the
United States than in any other country
in the world These are questions which
the indignant farmers may pro6tably ex-
ercise themselves BY ipquiring into
Whoa, and iron are alike American pro-
ducts. subject to the same natural laws in
respect to the price Of labor. price of mon
ey, and ~ on. Why should wheat he
more valuable. hate more purchasing pow
er as compared with iron aud measured in
coffee. in Europe than in America.
But FIRST let US put the fac. Of this COM
parasive superiority beyond doubt.
Suppose We take ] 900 pounds of Amer
lean bar-irOn. which is now selling a. 4
cents pound. or say $40. and exchange
it for Rio coffee in New York. The price
Of green coffee being % cents currency
per pound, the 1000 pounds of bar-iron
would buy therefore l60 pourds of Rio
coffee.
A thousand pounds Of bar iron would
purchase also 26S bushels of Chicago
spring wheat, No. 3. which is now selling
at 81 30 per bushel. and the 26s bushels
would. of course. buy 160 pounds of Rio
c"ffee in New York.
Now. then. let US take the / 900 pounds
of bar-iron and the o6s. bushels of wheat
to London, and then see. first, how much
coffee we will get for them respectively;
aud second. how much iron 26s bushels
of wheat will buy there.
The price Of the bes. crown Stafford
shire iron in London is ut present f12
los ton Of .. 240 pounds; 1000 pounds
would therefore fetch f5 Is. Sd. The
price of Rio coffee in bond in London is
SOS. for 1l2 pounds. The 60 lis. Sd,
or the l 200 pounds American bar-iron.
would buy. as near as possible. 156i
pounds Of Rio coffee. or 81 pounds less
than in New York.
The Chicago No. 8 wheat being worth
lis. per GENITAL, or : IT'S. per bushel. the
26s bushels of wheat would fetch $40 S..
Sd. and would buy Of Rio coffee, at Sos.
per cwt.. 29l@ pounds; and bariron be-
ing .el2 los. per ton. the 26s bushels
would purchase ,s9jf pounds Of bar-iron
in London or Liverpool.
Here's the rub. Coffee is free here.
and still the 26s bushels of wheat pur-
chases $50 pounds of coffee more in Lon
don than in New York; and of the iron.
which is subject to duty. the o65 bush
els will purchase nearly 900 pounds more
in London than New York. In both in
stances the farmer is at disadvantage by
being an American. while the iron-mas-
ter the moment he removes his iron from
under the ngis of the tariff loses on the
purchase Of coffee. and if he were to lag
out his 1000 pounds of iron for wheat in
London. he would only get al bushels
of Chicago spring wheat. No. 3. or II 6
bushels less than in New York
What does the farmer think Of his 20
si,ion Is he still of the opinion that the
railway monopoly is the source Of all his
woes?