Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1840-03-28

neatly if not quite equal to the value of properly
in that country, whether it De rich or poor, pros
porous or unprosparOus, and you cannot chang'
TO the extent gentlemen have supposed, the re
latiOn of debtor and creditor, or thus diminish
the resources of the debtors without crash,
waste and desolation, such as never have beer
experienced. Suppose man has purchased
! 10000 dollars worth of property at presen
prices, and given his bond for it you reduce
its value one-half, apd It's worth $4,000 dollars
How is it possible that with resources thus re-
duced, most debtors can ever pay
| But sir you cannot MAINTAIN such state oi
things as has been supposed You may embar-
rass and distress us as you have done but this
| bill will in the euG work out no such advanta-
ges as are anticipated FOR the planter The
theory contains in itself principal that will
defeat the end III view. Go on sir, and il YOU
please legislate to bring to the cotton plan
ter the extraordinary profits anticipated, at the
expense of other branches of industry how
long will it be before tha. pursuit will be over
loaded with competitors till the market will be
inundated with cotton and It's price fall just in
The ratio you have stimulated its production
Down it wil-dOwn it must come by the laws
of trade come to a level with the fall of other
productions. And what will be attained by the
whole process Nothing absolutely nothing
but that it will take more Of our labor and more
of our productions TO buy foreign merchandise :;
our gain will turn literally into a loss. This is
capable think of demonstrations il it does not
already sufficiently appear ; butI have no time
to enlarge, interesting and all important as the
subject is.
What motive sir can we have to reduce the
value OF wages and property When did the
san ever shine upon q laboring people so bless
ed as these Of OaF country have been Where
have they ever been able by Industry to feed,
clothe and educu.e themselves so well? The
history of the world proves nothing more Ger
tainly--- nothing with clearer demonstration,
than that where wages are lowest there is the
greatest poverty and suffering there the con-
dition Of the laborer is most foriOrn and wretch
ed there is the least moral d intellectual culture
and there our race Is sunk into the depths of po-
itical degradation, incapable OF raising itself to
that elevation attained by free enlightened
People capable of governing their own affairs
It tends TO the opposite of everything dearest
o US, for the descent will carry with it not on
y the wages but all the higher qualities which |
it us to be what we are---free and independent /
This is sufficient answer to all that can be |
aid upon the subject.
Such is the remedy for the disease that af-
icts our country; ; and while ils advocates
hado;T forth is evils beyond any conception
f mine, if the bill be carried into effect, as has
cen proposed here, | must confess | see moth
lg in it to soothe & relieve the Public---noth-
az to restore confidence which is the great and
esirable end, nothing to avert future panics--
othing to stop this scramble after gold and sill
er going on between US and other couniries---
othlng that has healing power enough to re-
i've and MAINTAIN prosperity. /
But sir, much as remains 70 be said, must
raw TO close, as my object was to notice lea I
ng remarks of Senators WHO have developed I
e new and extraordinary doctrines oil this Adj
was anxious TO Yindicate the T
ghts Of the great mass Of the People, who ac- ?
ire their support by labor, and whose inter- c
is, as laying at the basis of all prosperity, P
I'VE at all times and on all fitting occasions eS
FUSED and maintained with whatever ability | 3
,ssess. In this, sir have taken great and sin y
re satisfaction, believing 1t to be the great end
our free government, and the only sure means
sustaining IT, In the name and behalf of that
werful q enlightened class ofmy fellow
ns Of Massachusetts, whom | have the honor
represent, enter my solemn protest against
9 doctrines here advanced and if my voice
uld reach them in their dwellings, their shops
on the decks of their vessels, would exhort
I'm not to be deluded by the false theories
.ding them to ruin, but to rouse up their ener-
IS at the ballot-box and manifest their indigna-
n at all attempts to Cypress them by dimin-
ing their business and taxing their labor to
rich others. wonld entreat them not to sit
i and be made such as they see the distress
and impoverished laborers Of Europe and
la. L
Ca
NOTES.
The statistics referred to in these remarks
r..