, 1876-09-09

It, During tic sR,nc time VIC have spent in ad-
1lton atollt tL0 000. 900 for forta n,,l forttdca
tons, and yct lave no forts or Notifications of
II Tho working men md women Of this country
could fully unlersta,i that the wealth thus cx-
peH.tcf was tho result Of labor which somebody
performed; that its expenditure Represented
e tas e to e'Ns tves but Of '1eftu's eesb / sqa %aa
rhlo TIP l,n,l been left 10 fructlty in tho
pockets of the people from whom t1,ey wero
takcn, u would lave resulted In larger opportu.
ia Tie M sSs y s sope ae u ts RepuSe soaa
once understand tl,rse prnpositio1is fully, tue
l.ltstfon Of tho Pence Society would, 20 far a.
the unttetl States were concerned. he very atfn.
m1nrly ended: And before quitting thi. s,'bleett
our war policy. a few years ago weasel, hcaF-
Ing tncn nnd munitions OF war, snilctl, In viola.
tiun ~ thc ]aws Of The United etascs, from, a
port Of the United States, with an intent Of IN.
y ''atlon: The expedition was intercepted and
the participants tt It suultnarily atd brutally
punished; but perhaps nat more summar1ly and
r'E0tol1sIy tllan we sllonNl lave punished tho
cd bnck 81 Long Island, IL Tie ast II furnishing
arms md ammunition TO the nartictpants In the
tlraft riots In New York In 1853. A Secretary OF
the Navy, however, IA at once tnken possession
of by the idea TINT the national honor of the
waiting 70 see whether II has been, at, i It as,
whether full leparntion and apology will not At
once be offered las IN fact It was)j without au.
t!lortty or appropriations, anu IN direct oppust-
tton to the stMc!Hc law, spents 81, 900 in get
ting ready fos war. Now what did tlat Is ,600,-
M. far which taxes were ns:ctsedt reprcsenti
1t represented good many things. II repre-
sented d. much Us tho wto1e prdpcrty-cnlow-
'tHd. 'tiH". orars. bag rndt anratHas.thas H
Into. possession Of, % tho gifts Of the wise, tho
good, tho cl'aEitablet and OF tho State within
the last 20g years. It represents. at *l5,0oQ
per mile, the co,,strilction Of 332 m!lcs Of
rnt!Way. 1t would have employed over
y, 000 teachers a'ycar at the average rate paid
tyr teaching In tho State Of New York; Or over
Ss,Wn At the aTcragg rnte paid III wisconsin, and
would have dclrlrcd for nearly 10 years the cl,-
Mtas!9t.*. But for All tfla tho people cared 1T
tlet while ConGscss promptly con1uncd any Of
tense ~ Tue way of bud Judgment, or infraetion
OF law TINT might have been committed, hut
for TIC construction q private stdeboard out
oI public fnaterial with nnyy-SaEd labor.
:. but Reduction In public. expenditures Is not
thu only necessary chai,ge In our financial poll
cy. III every progressive country, especially IN
sllc!' country rs the unite States, where brain
and tngers arc unusually active, the results Of
manufacturing tnluetry, through the coin
biacd application nitl invention Of labor.
saving utuchsnery and proeesscs, arc bound
to 'l,creaso IN far greater ratfo than
popu1atson: Taking tho period from 1860 to
while tic gain in population .was le,s tllan %
per cent, our manufactures Increased 5a per
cent HI ktnl, or 30 per cent In exccas OF the pop
litatton. Or, taking Il moro specific exatnple, III
1ElD, 0,000 PERSONS in Cincinnati engaged In
manufacturing produced Slda833, 1881 1r at q
rate Of 8l,51O per head, wli1s ut pFcscnt tic
same city reeclltly reported al 900 engaged In
corresponding cn,bloyincnts, producing to tic
valuu of st440Oo 00 Tc1 a,u.iIl,, or AT lhe rate
Of $500 per head. Now, It Is tic Legitimate,
permanent, anil regular exccRs Of production
uyur consumption li,at constitutes the surcst or
rat!er tllu orty llasis for large remuneration for
lluts lalor anu sMptu; and IT. Is In tl!s pre-ex-
ist.l,g cxcces that Ii tn be found tho fcerct why
wages have fnr hO many years hcen h,gt, 10 the
United Stntes and tic fnto u lntcrcst la!,gr.
ircu market. Il It cannot 1ow O out t of Il the o
country through. tic channels Of export, IL Incr-
itAbly rolls back upon tue domestic markets,
depressing prlrrs to point where tmdc and
commerce cat rca,lnlo tt,cIr natural aul normal
channels, or paralyztnc industry until cot,s,tsnr
tIon aglin bexonles equal To or exceeds rrotlue-
t:otl, 60l3 vi which results the manufacturer III
rrnctwabfc methods available, na,ncly, redu:-
lion OF wages, or s1,spcneInn OF production.
Nov this IN exactly What The fiscal ,,oli1y OF ths
country fur the last Ii years las tried to accom-
l,IftI, ann has succeeded III ACCOMPLISHING, It
atcs not, In 30 many words, say to tie Ameri-
c1n manufacturer, OF other producer, YOU sloll
not oxrort; hut Il does virtually az to pro-
iuceI III Utlrc Countries you sl,nI nut import,
and III shutting others out w at thu eatne ti,ne
necessarily shut ourselves n. W. have Ignored
the cconoinlc maxim that ali tralc Is essentially
bnrter,-the exelangeaf the products Of services
of one fur tho products or services Of annthcr;
that money is used Internationally for the set
thing Of comparatively sRlall balances; TINT II
wo won't buy VIC can't Acll, md tint II W. won't
or can't sell, NC can't buy. There Ia no limit to
tho cnparity Of the worlI to consume desirable
products, II circumstances nre sucl, TINT IL can
consume, What tho Industry md commerce Of
the country most need nt the present time,
what the welfare Of humanity at large every
where requires, Is tl,at all restriction On trutse
and coml'cree, ind we would also say on bank
ing, shall, to the greatest possible extont, be re-
morcd; aud unit! tipy arc removed Tic maxi
mun' of prosperity for this country. and It's peo-
pic never will l,o attalMet]. Tlicra has been an
immensc amount written anti said Of late years
on tho dcs!rabil!ty. or ,untles!rnhitty o1 re-
moving or continuing tllcae rcstrtct,Ults; but
the wllolu casc Is contained, nd It wcrr. in
q nutAIell. There is no wealth tn be made
through trade " exchange Of products beyond
tho simple economy that results from the pro-
duccr nupplying Thu c,,lsu1ncr cheaper ttan the
n1f III.