New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-10-31

non. since, II the home prices, from eX-
cess or deficiency Of home currency,
should be above the specie value of the
commodity, the competitory article would
be imported.
Over production means an excess of a
commodity beyond the ability of the con-
sumner to purchase. We are said to have
such surplus of food and of fabrics, and
this is rendered probable by the decline in
the prices of these commodities. This
surplus may arise from two causes
first, the inability of the people to pur-
chase; second, the transfer of SO many
consumers in Europe to produce food and
fabrics in America may have brought
about an equilibrium. There has even
been a refux of these producers from
America back to Europe Allowing for this
oscillation of temporary inability of the
consumer to purchase, SO far as Europe
and America are concerned, they will
soon, with the facilities of commerce ad-
| just the production of the one to the uni
form ability to consume on the part of
| the other.
But shall the United States be content
to be tender to Europe? Shall there be
no further increase of population or pro-
duction here above the use which Europe
may have for either?
Its in this that we deem our adminis-
tration and the progressive friends of the
Union at fault. If the American people
produce more than is wanted in the pres-
ent markets, why not ''exhaust old
worlds" ''and then imagine new"
1t is about time the umbilical cords of
commerce which have drawn the nutri-
ment of America from the system of Eu-
rope should be severed.
If we have not over production, let us
have it; and then, perhaps. those who
think for the republic will see that we
have the same right to enter all the
markets of the world that any other
nation possesses. England suffered from
over production. She invaded India and
Canada, and captured both from her
rivals. Production overlook consumption
again, and England made China eat opium
as Fluellen made Pistol eat the leek. She
has expended more than eight hundred
million dollars in the railroads of India
She has irrigated, and otherwise de-
veloped India, and thus has access to
more than four hundred millions of people
in these two countries. Russia is afflicted
with over production also, and is pros
pecting in Asia likewise. England, not
satisfied with the right to send her over
production to half the people on the globe,
is exploring interior Africa. There are
sixty millions of consumers of some sort
in Africa, and England is in Abyssinia,
and on both sides OF the equatorial region.
In addition, England stimulates the pro-
duction Of cotton in Egypt, India and
America, and pays for it in her own manu-
features.
Why do we not follow her example?
The American continent lies at our door;
our over production suffocates us at home,
but Europe supplies countries lying be-
fore our doors with goods that we can or
should make. These neighbors close their
ports by taxes upon our surplus provi-
sions, so that corn and -four rot in our
barns, while Cubans and Mexicans perish
with starvation.
If the government of the United States
would organize determined effort to open
the trade of this continent and its islands,
even as has been done with Owhyee in
the reciprocity convention recently made,
we would have no further complaint for
over production. If, however, We content
ourselves with quarrel about currency,
when we suffer from stagnation of COM
MERGE, the growth of the United States
must stop until the prosperity of Europe
shall demand some further production of
raw material to be fed to her people or to
be worked up for the consumption of for
eign nations.