The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1873-06-07
BsisisA Ceal esA .Anericaa Is1ss.
sEDns1s d-Fs rs 1sfeS.s st g asE -


10 on shie sids of the Atlantic p
from feona tghs gsnsrpl light 4 sheds up~i
e. g shs Repy apa an conplsx inaes .
ttil probl1ms. it's stated fh4tr
She miiotity 6KGke BfftiJ6 Govern.
u1htdkspeSksst isGeftKsr 6pi6ioa
tb4t tho emoustaf NoGl Epceaucef
in Al ihe minee Of the khgdpaa
q1Ei6g tie fSas 1872 was 9, large
e not 1oen9What larger than -fho.
4uGAllty0E NY f6fmSf year. Bue
AhAudeuni1a aAsl 6e61niN aaoutee
thagssNeT bstsas, 7and dhaeq1DifGla
u taken 06o fhe rsaersed steGka
until e has caught mp: With The
predictions as the coIllty1es, snl
has shasaisa co. fScArefly Vim 8ahp
iaeyitAbie rssuit of ausiuof6ussa OF
price. In other words, The scarci- :
~ is relative and not absolute
The disparity between demand md !
supply has been sgersvated " The
slSsstsning Of the hourS OF lsb0r,
and thej ejnefsased cost Of unis5hg
the article With the. inerease o7 :
depth in the minss. There has
been some reaction from the ex-
treane price lately current, but ft 10
soafesiy within the Dounds Of pro-
liability that Coal will ever be ~
cheap in England as Il has been.
And as the commercial and manu-
fctdrine greatness Of England has
largely been due 70 her cheap Coal.
is canaos fail to be greatly eHected
by 9 material embarrassment In the
cost Of that most valuable. of all
her products. We have. no idea
thaS dear Coil in England Il going
tc transfer her; maAsfae faetdfiHf pow
er to sOth4S eoiiDtricd, but t]will
unquestionahl9 lessen thu asdepsp-
dence Of othen eosntries rup0A her.
Tor . CREST variety OF essential pro.
ducts. Indeed ibhss alrsu1y i'm
parted . Wonderful Impulse to /
come ct the most important indus-
tries on this aide OF the Atlantic. .
notably the manufacture Of eirop,
now one Of the. moet important
commodities Ia the whole range OF
commerce. In this, field OF enter
prise our countrg7eajoys advantsf-
es which are surpassed by no other.
It has Iron fialds aad Coal fields
lying side BY side, and there is
hardly a Limit to the amount that
may Reproduced With the requisite
skill, enterprise and c.pital.9 Dur
ing the past few yesrs the product
has had . rapid increase fsom year
TO year. a0d q rapid Rroakh of IT,.
business Ia the future 10 csrtain,
without Ench reference to tho
price Of Coal in England. Some
other important branches OF home
industry. however, are, not on 90
favorable AID snre . footing. The
great industries abroad, with which
ours come into direct competition,
We have the advantage OF several
hundred years experience. The
established indnstries OF this coun-
try, without the aiyantags Of sre-
cial experience, have been favored
by . more widely diGused intelh-
!gence, to which they are now add
ing extensive fscilities for, special
and technical education. Thess
enter into the economy Of business,
witbou. which the greatest natural
advastages are OF little avail. It
wosad require bold prophet to
cay Few where the fnture, seat OF
the manufacturing power OF the
world win be; but it willnot be
where the means. are wanting Tor
attaining the highest sk;ll. which
can be applied TO productive labor.
England has long controlled the
best markets Of the world, and she
will probably. continue to coptsol
them until this country, which for
many important branches OF man
ufac,ure is better situated, shall
match har indomitable energy and
her skill of hand and .hrain. Judge
ing from the wonderful progress
we have made in the last quarter
OF q century, that period may not,
after all be SO very remote. s