Year: 1870

Grh. following only shin bat We choose 10 Pns ''rsd"
TO the Editor of TIE Tribune.


SIR: The World of the 18th November, under tho
caption of Diversified Industry at the South"
uses that Hudibrastic logical gun, which, though
aimed at an opponent. kicks its owner over The
professedly great end or aim Of The World and its
co-laborers s by purchasing commodities from for
eIgners at lower rate than similar articles can be
produced here under false system of fnance) to
supply the people more cheaply with such commod-
tiles, thus compelling the closing Of mines and
factories to throw the people therein engaged into
some other channels of industry. The question Is
into what other channels Of industry could they DO
thrown with advantage to themselves and the country
Shall they resort to farmngi We give The Worlds view
of this In its own language:


"The great consumers OF the world taking all the
cotton raise and can afford to spare and would gladly
take IL had 1t, while they not taking even
meats that prices Of the two latter
steadily declining to point at which farmers are
packers afraid to buy animals for slaughtering."


Here we perceive, according to The World, We have
produced provisions Of all kinds that the prices
have reduced and the costly transportation
devours 80 much value to render production unre-
munerating


We must steadily bear In mind this commanding fact,
that while prices Of provisions have been "steady
declining" because of the diminishing demand by tho
foreigner, have been purchasing OF the foreigner
commodities to the extent Of N7OO,0O00OO more than
the foreigner has purchasedof us That is, after pur-
chasing to the extent OF exports we have mortgaged
the property productive industry Of the country to
purchase 81 worth more Of commodities and
this 81 900 900 gold interest We according
to Mr.. Commissioner Wells not satisfied with having
contributed to foreign industry this huge amount more
than foreigners have contributed to ours but We are
"seady" adding, every year, over "two hundred mil
lions Of gold" for superabundant purchases.


In regard to the Cotton crop experience has shown
that when this crop falls short the price advances,
that the average value Of large or short crop nearly
approxmates nearly as to establish this position.
that any material increase Of its production would
reduce it to the condition the provision production
described by The World that the advice of The World,
II adopted would simply be to render both plantation
and farm-cultre alike unproftable II our sing
q, OOO,OO0 Of commodities does not enable the
foreigner buy u.s. and cannot insure his purchasing
the surplus Of farmers, pray how much greater
sacrifice must make How much deeper must we
mortgage property and industry Of he country to
secure larger purchases


Now II the Western farmer had the at his doorto
ship his provisions he could compete in other markets
as to larger sales at q less price than other
producers, and yet make good profit But, as matters
now stand cost Of transportation to tho ocean, and
across the to England. s far as the Western
farmer concerned precisely the equivalent of tariff
imposed in England his provisions Of 100 per cent.
This position statement is an impregnabe fact.


More clearly to understand tho position we will illus
trate by the OF cargo Of say, Sheffield ware,
silks cloths sent to this country, upon each OF which
articles will suppose tariff OF 100 per cent Now so
insignificant the cost OF transportation from the several
factories to this country that invoice OF original cost
at the factories Of 100000 with transportation charges
and duties OF per cent, would net as much in
voice OF provisions Of 100000 from Chicago to London,
free Of duty deducng only charges the English cargo
hiahau pufap ured
to tre, and deduction Of 100 per cent duty will
net much the provision cargo with no duty Thus
protect the English farmer by duty on our provisions
Of per cent under the Of transportation charges
to nothing Of that very material item, damage to
which provisions Of oil kinds subject as Of Itself
to add an expense equal to considerable duty. But on
the other hand let foreign commodities in rivalry with
our own, provisions In rivalry with those Of
the countries TO which send them, be subjected to


similar 100 per cent transportation tariff before they
into competition with Of similar character
farm products do before reaching competition with
English farm products and i. Is very clear
pete with them, without dollar OF duty


The World does condescend TO show the mining and
manufacturing ab0rers after destroying their present
occupations In what fields Of industry they find
munerating employment for We hardly suppose 1t ex-
poets them TO encounter the maarous cotton fields and
its own account Of farming closes that door The World
says II he sell his products he knows he





added, II the selling price win realize than the
cost Of production" (which intimates s scarcely the
case with the farmer), when to that ptul extent he
might purchase.


Why cannot The World and its cOlaborers perceive the
essential pertnence Of its maxim to nations to ind
yiduals For surely, II there be political maxim
amounting to an unqualified axiom II Is that nation in
fostering production and export best promotes the
general prosperity, and imports will then be most
judcously made by being left to themselves whereas
The World and its co-laborers this axiom and
urge that by fostering the import trade may be able
to leave home interests to SHIFT for themselves The true
policy alike dscards pseudo Protection and pseudoFree
Trade and stands upon the basis Of Equality Place
on equal terms and supersbundant and pretminent
elements OF production, together with industry of
superior intelligence will enable successfully to
pete with all nations But the unhappy financial policy
OF The World and Of the Treasury Department would
render any rn high low, vailing to improve the
demand for farm products. Under the existing financial
policy. The World informs and we believe truly that
Illinois farmers have been obliged to burn their In
the very sight OF empty the Railroad depot"


The World proceeds, with sentence. at least OF
common sense when II lays down this maxim:


The true nature OF all foreign trade Is TO import those
articles which we cannot produce at home, and which
We yet need"


Va 0a fu hap .