The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1840-04-15

The hard cider and log cabin arguments OF
federalism have been laid before the people.
Rum /! rum! rum has for the thou
snndth time, been predicted-the democrats have
again been denounced as thieves and robbers
and all the honesty and piety has again been
claimed by the lawyer federalis;s Blu; still the
country thrves-agticulture, commerce and
manufactures flourish. and labor commands its
usual price. With the exception OF the injury
done by an expanded paper currency, the coun-
try stands unrivdled 10 general welfare. pros
perity and happiness. Cast youreyes over the
Union. and what do you discover! Freights
are hish-seamens wages increased and in
ercasing-and indeed every branch of industry
improving. and gathering up from the shock re-
ceived by over extended and srasplug specula-
ton Check this speculation prevent its re-
currence. and every branch Of trade and indus
try will be prosperous and happy. The sub
treasury bill. which has passed the Senate, and
which will soon pass the House, will tend ma
terially 10 the promotion OF this object. IL will
curb the excessive importation of the manufac-
turers of England, which are sold in our market
at high paper money prices. drawing the prec-
ious metals from the country, and thus Gripping
the resources Of our own manufacturers, who
are thereby compelled TO suspend business. OF
lower the wages Of labor. TO correspond with the
low wages in England. Let this fact be borne
in mind by the laboring man. The wings are
fora National Bank. The democrats are for
an independent Treasury. The wings say a
National Bank will raise the value OF labor
The democrats say il will diminish, rather than
increase it. Now let Us look NJ Englsn for
the proof. England i. the great pattern which
The wings would have our country follow; she
has a great National Bank fully identified with
the cove, ument, and even greater than the gov
ernment itself-for when the monied monster
secs fit 10 decline specie payments, as she has
done for twenty-five out of the last fifty years,
she compels the Government to sanction her
course. Here then, is paper currency, in all
its beauty. There is no independent treasury
in Enpland-but how are the wages of idbOr p
Are they high, and are laborers scarce ! Does
the whig cuuency." AZ hero exemplifed in
full detail, and backed mp by the credit of y
powerful government. lift up the bowed down
and carry peace and comfort 10 the hearth-stone
of the poorl Every intelligent man knows, the
contrary is the case. Thousands are starving
for want Of the necessaries of life. Wages are
down to a mere fraction Of what they are here.
Expansions and Contracilons, over issues and
sudden curtailments, failures and suspensions.
panic poverty and distress are the order of the
day Rich nsbobs. d" ferti!izing their fields. BY
the sweat OF the poor mao's brow"-snd poor
Iaborers toiling all day for shilling or less may
be found in abundance Every thing works for
the ACKNOWLEDGEMENT Of the rich aud the depres-
sion Of the poor-for making the wealthy richer.
and the poor poorer; and yet this is the coun-
trv which federal nabobs 10 the United States,
seec, \, splendid pattern for us TO initiate.
Northampton Republican.