Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-10-13

his faith and principles at the bidding of DANIEL WEB
srrR-and the lesser satellites, STONE, hing, AKRON
C, ARK. or JoE HONE. Who is the man that will not
arouse to mghtier, prouder ef'ot, IN TINS sfla'
contest when he sees, paipaby and audaclouslf,
the old enemy in the field and at ms very Threshold
But it seems that The Democratic counties of New
York are not alone the peculiar field for the labors o
MIR Webster. Hc-ihe living embodiment OF every
,n,o,ons, principle maintained by Virginia from the
DAYS Of her pararchs to the present momentlas been
invited bv the mad wings TO visit and "Ftdeem INC
Ancient Dominion from the errors OF her Democracy
who will wonder tina, il calls out from that vigant
and rusty sentinel upon tue Democratic ranpats Inc
editor of the Richmond Enquirer, indignant chal-
lenee Read it, and ponder upon it, Republicans OF
New York!
PROSPERITY OF THE COUNTRY.
Notwithstanding the cry of "hard times, Kept up
for political effect, doubt whether there has ever
been more real prosperity IN ourwhoe country than al
the present time
There have been periods of much greater apparent
prospcrty and greater activity in business Tut these
periods have invariably been followed in year or two
with rcvulsions, and commonly with depression which
has lasted for years. Under the auspices OF return.
inc pcacp and the smulus OF the Bank OF the United
States lSl7 was year of great activity IN business,
and apparent prosperity; bn II entirely dclusivc,
and followed bv the excessive enbarrassn"ns and DIS
reSs which prevailed all the country during the
years 1919 lo20, and 1921. The apparent prosperity
ofl-l7 was only diseased action, unnatural excite
and distress which prevailed for many years after
wards Can any thing BE- more absurd, therefore, than
10 regard period Of overtradng as time OF pros
peri;y' So too, the years lc3" and $780, were at The
time regarded : period of remarkable prosperity
Blu: il was entirely delusve and brought the dread
full rcvusinu of 1897, the effect of which have not yet
entirely subsidized. How many fortunes exist that
were made during those two years Of bank expansion
and deiuSve prosperity Many thought they had made
fortunes hut they vanished like the fog before the
morning sun Indeed the fortunes of that period OF
over,radng and speculatons were composed OF "such
stuff as dreams are made Of But now many were
bankrupted and ruined during that period OF properi-
", when the 'credit system, according to Hr Con
scrrative Tanadge in It's full development. For
every fortune that was acquired, We will point you
to one hundred that were lost. Even Tic Banks
lost in 1887 much than their extra profits IN
30 and 1886. Ii this period OF deceptive pros
perity thus disastrous to the trading community,
to what class it beneficial; Were the farmers, me
chancs and aburerS prosperous then than they
are now: Far from IT, They may have received higher
prices and higher wages but their expenses and pur
chascs Of every description were proportonnby high
Besides they had to come in FOR their share OF tie loss
es from the bankruptcies and failures which were the
legitimate fruits Of that deusve prosperity. In that
as III every other period of extensive failures the pro-
duclve classes III for large share OF ihc losses
Although their individual claims may be small, yet us
the producers Of the wealth, they the principal Gre
dtors and the greatest sufferers in every period OF &C.
neral c;nbarrassmens and failures in the trading COM
munv.
! The country has now Just recovered from the dit
ficurs growing ou of the artificial and unnatural ac-
tiyitv Of That period The activity, industry and ener
giles of the country employed, Sgtdyand pro-
ficJiy There is nothing delusyc or unsound; the
appearance Of prosperity is not greater than the reality
Wa,cveris made this year, either ~ industry or by
regular honest, trade, Will not yans! like 'bubble
that rises upon the stream, then breaks, and to that
stream returns" The profits Of tins year will not be
I disspated the next.
| Business is now rrviving on and solid foubda-
ton which will honest industry IFS Just re-
ward; and if ii be permitted TO take lis natural
course, have fair, indeed, certain prospect OF a
period Of the greatest prosperity this country has ever
vet enioyed This is no concctura speculative OPP
Mon bal sc!ccvidcnt truth Nothing but own
folly prevent this approaching prosperity OF our
country, which will take date from the present year,
50 nbsurdly characterized as period OF " hard
times" The prosperity Of country is the great
est when its industry is most extensive and best re-
warded that is when lis products are the greatest,
and of Of the most real value. No former
year has The agricultural industry OF The country
been greater productive; and at the present
| time the mechanical and manufacturing industry IS
fully employed, and 10 equal advantage. Seldom has
there been WHEN all the staple crops OF the
country have come abundant. The early and The
latter harvest have been equally good the winter grains
and the summer grains; the wheat Of The West, and
the cotton Of the South The earth has yielded Ms
fruits in unusual abundance. Providence has smiled
upon and blessed our land. Our granarics are FULL
our workshops and factories in motion, our sea-
ports and marts oftTade the scenes of active bus.
The country being exhausted Of goods, and The
products OF the soil abundant 10 exchange for them,
trade cannot fail OF continuing active and profitable
And yet, at such period, ard with such prospects,
the land is filled with croahcrs crying up "hard tIirs
uchanrc, change" ",hinrs cannot be worse" Was
there ever such folly, ngraliiudc, and wlckcdness'
With present prosperity with the bright prospect
before US, and with the sad lessons and calamies OF
the past, il is amentablc that there those among
Us desperate in their circumstances, incapable
of profting from experience, and blind 10 the tu
,urc as TO be striving 10 blow up the bubble of the
credit system MORE that may again pass round
the circle Of temporary, deluslvc prosperity,
10 he followed by years Of depresson, eEharrass-
mcnt and distress. Yes, there are men OF Dustin
gu;shed ability, statesmen they are considered,
hut who the feed attorneys of the banks, who
attempting TO persuade the people, and par
tculaTly the mercantile class, that the interests Of
trade and the country, require the re-esablishment
of NATIONAL BANK. And they are told this at the
very time when they have but 10 open their eyes and
behold National Bank PROSTATE and fallen, the vic
tim of its folly and crimes, which has VIGOROUSLY
been the chief instrument of bringing upon the
try the series Of calaDitics which it has recently
pa ssed through and which is conessedly the only
obstacle the pcte restoration of the currency and
commercial business Of the country. What presump
lion on the one hand and blindness on the other
In confirmation of these views, to the business
and prospects of the country, copy part of art
Gle from the New York Journal Of Commerce of The Isl
instant
'The accounts carried out by the packets of 10. day
must be very satisfactory The other side. Business
going beautifully all over country and urge
IN tho best interests Of the country ac ai0 If the
pccs Of principal articles of produce lower than
at other times II IS in great measure counerba
anced by the abundance which Providence has bestowed
upon Many worthy men embarrassed by past
revulsons, and with them of course times hard md
prospects gloomy; but in the general walks of active
business We never saw more cheerfulness and conf
dence. Our abundant harsests gathered securely
The products the last year cleared off, and SO are
the products Of this far they have appeared in
ket Every thing finds ready sale-and some articles,
ashes and tobacco al high prices Our are
all in motion, and very generally doing we'll The wages
of labor in the manufacturing parts Of the country and
through the country generally higher proportion
,b. of tba of