Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-04-21

materials Of wealth arc in tho Garth. y dDssas.
ana iu their natural, and unaided ps0dueoiaas.-
Labor obtains thenl works UPON them aod sn:o-
ions them to .nan use. Now, II has 0oeo ~
object Ct scieniiii: art, u tho apPlcAtssa OF
science 20 ari TO increase this active agency -
aagnsu, IL. power, BY creating millions At lahoe-
in tho form III natural p'we:s. To this end
these natural powers, principally taose Of steam
and falling water, are Subsidized and taken ieso
human employment. Spinning machines, power
looms, and oil the mechanical dovicess aetlng, o
n,ng other operatives in the factories arc but %
many iahascs<. They ass usually cencn'n.tsd
ia5or-.xriac machines. b,ftft would be more JUST
10 cal. thea iato.-do:ag nschines-They are
Il, .de active sgen,s; u have motion, and 10 pro-
daca effect; ani though without inielgcncc,sh
guided by those laws OF science, which arc
and perfect, and they produce resuise thefe-
tore, - general, marc accurate than the hulOan
hand is capable oil producing When We look
upon one OF these, VIC behold mute fellow labor
CT. OF Immense power, Of ma ihenatcaI exActocss,
and oi cs s-cnduriny and unwcaricd effort. Aud
while he is thus a mus, skiliul and productive Ia
borcr, he is u non cons lmes-ai least bcyond the
wants Of his mechanical being. lie is not clam
orous ior food raimen,, Or she!tcr, aud makes NO
DEM. nds tor tic expense Ct education. The eat
ing AMI drinking, the reading and writing aad
cloihcswcariag world, arc benefited by tho h.
bars of these co-opera,ives, III the Same way a.
il Prov idencc had provided for their service mil
lions Of beings like ourselves in external appear
aacc, nj ie labor and 10 toll, and yet requiring
little or nothing for their consumption OF sub
sis,cncc; rather, as If Providence had created
a race OF giants, each OF whom. demanding NO
more Tor Lis supper; and consumption ahan . com
mon !aborer, should yc, tc able to perform the
work oi hundred -.
Now, sir, turn back TO tho Massachusetts, n
b.es of production, yea will sec that Il - these au
,onatic allies and perpetrators. and these powers
ofn.iu.e, tl.as employ cd end paced under human
direction, which have come with such Prod'gious
effect, to mans MD in the cat business Of pro-
curing the means OF living, Of comiors, and -
wealth, aud which have swollen tho prodveea
Of her skiliul in lust-y LooA ut these tables ooco
more, sir and yol viii see the effects OF labor
uniting with and acting upon capital Look yet
again, and YOU ill sec that credit, mutual trust:
prompt and punctual dealings, and commercial
confidence, arc all mixed up as indispensable ole
,nents in the general system. will ask you to
look vet once more, sir and you wall pcsceive thae
general competence, great equality ~ human
condition, degree Vi popular knowledge aec an
,ciliocncc, nowhere surpassed, ifanywhere equal
lcd, and the prevalence Of good moral sentiment,
aud extraordinary general prosperity, 70 tho re.
suit Of tho whole. Sir, have doac with Massa-
cLuse;,s do not praise the old ebay State" OF
the Revolution, l only present her ~ she b.
Nix. President, such IS the state Of things aeeu-
tuaily existing in the country, AND u whicn Ansvs
now uiycn YOU q sample. And yet there are pei
sous who constantly cian.or against this state q
things. They call it a;:stocracy. They beseech
the poor mako war upon tho rich, wh'Io %
truth they know not who arc either rsch or poor.
They complain Of the oppression, speculation, end
the pcrnicious influence Of accumulated wealth.
They cry out loudly against all banks and corpor-
ATOMS and all the means by which small capitals
become united, in order TO produce important aud
bencfi ,iAI rcsal,s.-They carry on mad hostility
against all established institutions. They would
choke up the fountains OF Industry and dsy al s's
streams.
In a country Of unboundcd liberty. they cJamor
oainst oppression. In a country Of perfect equal
~, they would move heaven aud earth against
privilege and monopoly. la country where pro
,crty is moro equally div ided tlran anywhere else,
hey rcnd tho air with the shouting Of agrnrIan
octsnes. In country where the wages u labor
re high beyond all parallel, and where lands are
heap. and the means Of living low, they would
each the laborer that lie is bat ~ opP:cssed
lave Sir, what can such men want! what Do
hey meant They can want nothing, 81, Dot 70
nioy tho fruits Of other mems labor. They can
nean nothing, but disturbance and disorder: the
illusion Of corrupt principles, aud the obstruction
& the n,oral sentiments and moral habits OF 80
ia,y. A RIGHTEOUSNESS Of feeling and Of &c.
ic:, is sometimes produced BY prosperity itse!
4 len cannot always resist the temptation 20 when
hey arc exposed by the very abundance Of the
oun,ics Of Providence and the very happiness o.
heir ov n condition; the stced, full Ut the pas
ire will sometimes, throw himself aga1oss sve
ncIosurcs, break away from its confinement, sno'
.elinc now free ON necdies - restraint, bosake
i,nseif to the moors and barrcns, where want, eec
ing. brings him to his senses, AMI starvas1o" ano
ath close his career. ssfe.
Having said - much sir, on the general con-
4, ion Of The copn,ry and explained what M
erstand by credit, proceed 10 consider the
resent actual state Of the currency.
The most recent Treasury estimate, wn,ca
ave seen, supposes that there are eighty m'iisoes
me falc money now in the couatry. ID" Pc
We, however, = good deal tao high; ! esnsoe
eIie.e i, exceeds sixty at most; and :uPPosi:!
oc-half this sum 10 be- in the banks, thirty @,!-
ons are ia circulation, or in private haods We
arc scycn hundred banks and branches, wsss
.n;,aI, assigned for the security q their .:ses
i, a;i,,ons' The amount Of bank notes IN ectssi
;.cniution il supposed TO be ono hundred go
.;~,v millions The amount Of debts duo 70 u
anks. or their loans and discounts, may DC u
en- A. four hundred and fifty millions
Now, SIR this very short s;asemens exnso'U
nee a general outline Of our existing systee
urrency aud credit. We sec great arsoees O
money Of property IN bsnk., - sheaf ~
nd appropriate capital, and We see I: get
nouui due 10 these banks. These h:x oeoss