Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-03-05

year 10 year Is used to reap, than does a cur
rency to the value of the aggregate wealth
Of n nation 1t from year TO year is used to
dlfinse. Without sufficient tools the land Of
the farmer must go unlmproved, let him have
any number ef iaJorers, and without a suflic-
lent currency the energies Of country will
stagnate and become dormant, let it's resources
be what they may. Daily labor, the great
and true wealth of a nation, is essentially
d different from any species VI accumulated
wealth. A person may have barrel Of flour
to sell-day after Gay passes without pur-
chaser, but when eventually sold and the
price paid the difference is but trifing wbeth
or sold week earlier or later. But poor
man having his days labor to sell must meet
with a purchaser ia the morning, otherwise
when the day is past his property has totally
vanished with the setting sun, and is lost to
himself aud his country. never to be regain /.
ed. The "false system" Of Mr.. Van Buren,
was perfected by men who were practical in
their views, and of liberal and expanded
Ininds-the exact opposites of the miserable,
selfish, cunning, pettfogging characters who
now swny the destinies of this country. Led
on by the intuitve gonus of Henry Clay.
whose name will ever stand high in the an
v,
derers will be remembered only TO be oxe-
Grated, system was perfected in which oil
the great interests of the country were 40
happily blended, that for years days labor
was not lost to poor man who wns willing
to work, while ready sale awaited the pro.
ducts Of every section OF the country. This
with other causes before shcwn, has been the
secret spring Of the hitherto uDexampleJ
prosperity OF this country over any other
known. The people have been lett to follow
that profession which best suited their incli-
nations or talcnts--unobstruc,c by law or
custom, and while their industry has been
projected from the baleful influence of COM
petition with the loborers Of oppressive GO
vernments, who give nearly all their earnings
tn an idle arlslOcrucy, our credit system, as
before stated, has given our citizens all and
greater advantages than tlr'se OF other ma
tons receive from the capitals in silver and
gold their task masters possess-and which
is the real engine in fact that enslaves them.
Credit is the crit rion or thermometer Of
civilization and liberiy.-It sinks below zero
where vlco and barbarism prevails, and it
expands and rises in communities, in the pre-
else ratio as they Lave advanced in the paths
Of knowledge, liberty and virtue, and where
confidence exists between man and man -
In no country on earth had it expanded to so
great an extent rs in this-and never in any
country on earth beside, had the great mass
OF The community enjoyed such advantages,
or been so highly elevated in character. rs
III thls.-In the genial moral climate its high
altitude so truly indicated, poverty WAS I'M.
known.-The laboriDg man, who in other
countries scarcely earns his daily bread by
ceaseless toll, had here attained to a point
where his labor not only furnished his family
with the nccessaries and comforts of life, but
he had sufficient leisure to cultivate his mind
and to improve his higher faculties. Modern
improvements in the arts were fast doing
away the necessity Of excessive labor, and
the justice OF our laws and institutions divi-
ded the advantages obtained equally between
the poor and the rich.-The exchange of the
various products Of different sections were
made at once to the best advantage, and not
suffered to waste and decay; waiting for the
over cautious movements Of usurious specie
capitolists, as in former times. The high
moral standard the community had attained
TO, rendered tho use Of specie almost un-
necessary, and that most expensive medium
OF exchange, the use Of which to any great
u
civilization, was in great measure dispensed
wl'lI.-l'he exchanges Of labor were made
with fur greater safety in a paper currency,
resting on a basis Of 20,OO0,0C0 dollars only,
than they are now made with about the same
amount OF paper resting on basis Of more
than 100000 dollors.-This was the state
OF things when the people, run mad with
prosperity, IN an evil hour elected Andrew
Jackson, a scm-barbarian to the Presidency.
His election was the signal fer tho assem-
blns OF the most desperate aud corrupt spir-
Its of the nation around him--and the meas
ures they instlgated him to pursue, laid the
foundation for the ruin of his country, now
about TO be completed in the reign of his
successor, Martin Van Buren,. God grant,
the people may, ONE AND ALL, yet see the
gulf that yawDs beneath the precipice, on
the brink of which they now stand,-in time
10 avert their fate One step more and all IS
iost.-The keystone will be placed in the
arch, the chain will be riveted.
1t is said the ducks from Lake Erie that
float in the river above the falls of Niagara,
are at first unaware OF the downward tenden-
cy of the current in which they swim-They
gradually approach the falls, aud while they
feel themselves more and more impelled by
the insidious stream, they yet feel no appre-
hension-trus'ing 10 use their wings when
necessary. They are carried into the rapids,
bnt still they fear no danger, foolishly suppo.
sing they can fly ot any moment, but when
scared by the roar Of the falls, they at length
attempt 10 rise-they find, alas, that the cur
rent has become too rapid for their wings,
aud after a short and frulless struggle, they
are precipi'ated into the abyss below. LIE,
the people o. this country take warning from
their fate. They too, like these simple ducks,
have been beguiled from the smooth waters
of lake Erie, by almost impercep,ible de-
grees, to the swift currents of Niagara.--
They have already reached the whrlpools
and the rapids-tho hoarse roar of the ada
cent cataract is sounding in their ears, and
warning them Of their dangcr.-Let them f,y
while yet they have strength to contend with
the stream, or they will soon reach poin,
from which it wrl be in vain to attempt to rise
but will be in spite Of their struggles precipi
tated into a gulf from which they will never
ascend.
NARRAGANSETT.
TO BE cONTINUED.