, 1873-05-24

TO tho growth OF manufactured, whom Byatpm
Of protection, with its artificial prices, drivos
our goods from foreign markotB. Tho ntambor
Of persona proftably supported by Intermediate
onp1oymonth--ln trado and transportation. por-
aonal and professional aorvicoa-oan only in
oreaao m tho inorenso Of producers aud con-
aumers affords demand for their aoryicoB in tho
Interchange Of products, OF al population in
oreaaos. II tho growth Of agriculture Ia rotard-
cd, then tho inoroaso In tho number OF con-
sumorn Of manufactured gooda must bo retarded
moro than onc-hnlf ns mitch, and, whom manu-
facturoB incroaho at tho Bnrno tlnao moro rapidly
than population, gonoral prostratfon, Ii, conao"
quoncc OF tho failure to conhnmo tho greatly
multiplied products must quickly result.
oreaBo Of 81 por cent In tho gold valuo OF
tho products Of manufacture. Tho inoronse Of
cxports OF manufactured prodncss has boon but
sovon nillions-loss titan one-tvo-hundrodth
part Of tho product, and only II por cent Of
such exports in 1860, go that larger proportion
Of auoh products las boon thrown upon our own
markets for consumption. But tho cnttro in
croaso in tho valuo Of forming products has
boon practically nothing evon It wo estimate It
at tho Bamo ratio as farms hnyo incrohaod Ia
value, It would DO but ninety millions, with
which to pay for tho farners' Bharo Of five hum
drcl md ilfty-oight millions-tho inorease in
gold valuo of manufactured produots. II tho
farmers, and those dopondent on them, con-
R,,ma only ono-half tho produot--and they
consume rnorc-thoro is MI incronBo Of
e270.0oo,0o0 In tho manufactured goods
which tho farmer must cousumo, If
manufactui ca arc to find az roady q
market as thoy did in 1870, and got tho farmer
has not moro than 800, ,o00,0 900, tho incroaso in
valuo OF his own products, with which to ray.
Evidently, tho farmer must either run into
debt, or ruinous proportion of manufactured
goods must romain unBold. Both oyonts arc
now occurring. Mills afro closing tho farmers
arc getting into debt. Forced to consume more
than ho can pay for, tho farmer still cannot
consume as much AS hs Bharo Of the goods our
manufacturers produce. Disaster to both can
DO avortod only by such a chnngo Of policy rs
shall secure rapid progress and far return to
that industry which Ia tho baais Of a1l our labor
and trade.
It is strange that those who ingeat tlleir money
in manufactures, md those wloae wagoH dopenl
upon tho growth mud Buccoss Of manufactures,
so often fail to realizo that the first necessity
for thom is to secure prosperity to tho farmer
aud consequent incroase in tho consumption of
manufactured products. It should bo their first
question, when any moaHuro apparently Tor their
benefit is proposed, "Will this tond to embar-
ras farmers, to 1eHson thoir profits, to oior poo
p}o from that employment, and thus to diminish
tho number and ability Of those upon whom NO
nuat dopoud for tho consumption Of moro than
half Of DIR profuctsf" so}f-interest is often
ahorssighted. But mover ia ita blindness more
painfully manifest than whom workmen and cm-
p1oyers In manufacturing Embellishments do
mand, In tho hcpe that it may benefit them, q
form Of taxation which plundors md oppresscs
overy farmor.