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Sign up freeThe Caledonian
Saint Johnsbury, Caledonia County, Vermont
What is this article about?
Editorial criticizes U.S. government's hard money policies for preventing the poor from getting rich, contrasting with mixed currency systems. Reports 24 Paterson, NJ, manufacturing establishments suspended, workers idle and reliant on charity; similar distress in other districts, affecting farmers' markets.
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Full Text
It is stated that twenty-four manufacturing establishments at Paterson have entirely suspended their operations, and that the men, women, and children who were lately employed in them, are entirely idle, and very many of them literally dependent upon charity, for their scanty allowance of daily food: Truly does the New York Times remark that New Jersey is doomed to groan beneath the blasting effect of Federal misrule, without being permitted to have a fair hearing upon the floor of Congress. And what is said of Paterson is also true of most every other manufacturing district in the country. "It is no marvel, therefore, that the farmers do not find a market for their produce."—N. Y. Whig.
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Where did it happen?
Domestic News Details
Primary Location
Paterson, New Jersey
Outcome
twenty-four manufacturing establishments suspended operations; men, women, and children employed there idle and dependent on charity for food; farmers unable to find market for produce; widespread manufacturing district distress.
Event Details
Hard money schemes of the government prevent poor from getting rich, unlike mixed currency systems open to all; distinction from metallic currency in Europe where rich stay rich and poor stay poor. Paterson establishments suspended, workers idle and reliant on charity; New Jersey suffers Federal misrule without Congressional hearing; similar in other districts.