Eight francs are equal to one dollar and sixty cents, and five francs to one dollar. Now, what say you, my friends? What will the farmer of New York, of Pennsylvania, or of New England say to the idea of walking on Sunday to church, at the head of his family, in his jacket _two years old?_ What will the young man say, when, his work ended, he desires to visit the families of his neighbors, to the one pair of pantaloons, not quite two years old, indeed, but, as the farmers say of a colt, "coming two next grass," and which, for eighteen months, have every day done yeoman's service? Away with it all! Away with this plan of humbling and degrading the free, intelligent, well-educated, and well-paid laborer of the United States to the level of the almost brute laborer of Europe! There is not much danger that schemes and doctrines such as these shall find favor with the people. They understand their own interest too well for that. Gentlemen, I am a farmer, on the sea-shore, [7] and have, of course, occasion to employ some degree of agricultural labor. I am sometimes also rowed out to sea, being, like other New England men, fond of occasionally catching a fish, and finding health and recreation, in warm weather, from the air of the ocean. For the few months during which I am able to enjoy this retreat from labor, public or professional, I do not often trouble my neighbors, or they me, with conversation on politics. It happened, however, about three weeks ago, that, on such an excursion as I have mentioned, with one man only with me, I mentioned this doctrine of the reduction of prices, and asked him his opinion of it. He said he did not like it. I replied, "The wages of labor, it is true, are reduced; but then flour and beef, and perhaps clothing, all of which you buy, are reduced also. What, then, can be your objections?" "Why," said he, "it is true that flour is now low; but then it is an article that may rise suddenly, by means of a scanty crop in England, or at home; and if it should rise from five dollars to ten, I do not know for certain that it would fetch the price of my labor up with it. But while wages are high, then I am safe; and if produce chances to fall, so much the better for me. But there is another thing. I have but one thing to sell, that is, my labor; but I must buy many things, not only flour, and meat, and clothing, but also some articles that come from other countries,--a little sugar, a little coffee, a little tea, a little of the common spices, and such like. Now, I do not see how these foreign articles will be brought down by reducing wages at home; and before the price is brought down of the only thing I have to sell, I want to be sure that the prices will fall also, not of a part, but of all the things which I must buy."