Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1839-03-21

briefly describes the consequences to
the United States Of war with Great
Britain:
|. The destruction Of the lives of
many thousands Of Englishmen and
Americans, whose interest it is to live
in harmony.
2. The capture and destruction Of
many millions ofdollars worth ofproper-
ty on the ocean, and on land.
9. Converting tens of thousands Of
productive lab0rcrs into unproductivc
consumers and dcstroyers.
d. Disturbing the peaceful pursuits
ofindustry throughout the Unhed States
and Great Britain, and turning capital
and labor into new employments, which
must be ruined on the return OF peace.
5. Deranging the commercial inter-
course of the whole world.
G. Giving legal sanction to robbery
under the title Of privateering.
Z. A irightful decentralization OF
large proportion of our population, by
the dleness and intemperancc genera
ted by camp life.
8. The hazard of servile war in the
Southern States, by the tampering ct
the enemy.
9. A National Debt Of two or three
hundred millions Of dollars.
10. A general stoppage OF specie
payments by the banks, followed by an
enormous issue Of deprecated pnper
money to be lent to the government,
re-paynble in specie after the ternna-
tion of the war
II. A wide spread system of specu-
ation in foreign goods, and in many
species of stocks and real estate, to be
followed by reaction that will ruin
tens of thousands of people, and entail
distress on the country that ten years
of peace will not remove.
i2. "A great depression in the prices
Of cotton and tobacco, by which tho
planters will experience great loss.
II l3. A great rise in the price of ami
NAL food and other provisions, (Which
are already fifty per cent dearer than
they were four years ago. owing to tho
supplies wanted for the army and the
navy, it being highly probable that Sc
veral years Of abundant crops under n
war demand, will not make up for the
deficiencies Of the last two years.
Il IA. The blockade Of the mouths Of
our principal harbors by British steam
Irigatcs not approachable by any Of our
II ships of war, and which we could havc
no means of attacking for years TO
II come.
\ 10. The artificial raising up by the
prices incident to war, of numerous
/ branches of manufacture, the undertake
ers of which would be ruined by a peace
without the aid of protective tariff,
| which would in its turn ruin the agri-
cultural interest of the South, or con-
vulse the country, as it did before, from
one end to the other.
/ lG. The depreciation Of American
securities in the foreign market, by
which we should be cut of from our
usual supplies Of foreign capital, SO
greatly wanted at this time to extend or
enlarge our works Of internal improve
ment.
H II. A gradual dilninuton Of the ex-
isting capital of the country by waste.
II ueStTuctioH, anu P"o'p VAPe""N"'es
| with a simultaneous diminution Of pro-
duction, by laborcrs being converted
h into soldiers or idlers from the want OF
employment, which would ultimately bo
shown in general impOverishment Of
the people, in the ability Of the govern
mcnt to borrow any more money, and
finally in the necessity perhaps, Of clos
1 ing the contest, covered with glory it
might be, but leaving the Maine boun-
Il Diary question as much unsettled as the
last war upon principle, left the I'M
/ pressment question.