Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1840-04-10
Mr.. Rvfher. SIR

Mr.. Ryther, SIR
In taking up the Boston Courier Of the 26th
Of last month the first article that struck my eye
was one headed "Reduction OF Prices" II so
fully expressed my views upon that subject
when reading Senator Bucbanan's speech, that
I wished the article might be read by every far
MGR and mechanic in the State. To be sure,
the ideas contained in the article are such as
would arise in any farmers or mechanics mind
who is not blinded by party zeal or who is not
devoted soul aud body to the blasting policy of
the present Administration.
No candid working man can read Senator
Buchanan's Speech without feeling indignant
that such sentiments should be proclaimed by
SO distinguished an American Citizen.
No wonder the echoes that were sent back to
the Capitol, terrified the grave Senator as well
as the President and his foot step ireadeis. >
My object in writing sir, is to request the ia
vor that you would transfer the article have
mentioned to your paper,that all the good peo-
pie ofthis County may read il and reflect more
upon the Monarchical aud despolie doctrines Of
Van Buren's administration.
A FARMER
The following is the article alluded to-
Reduction Of Prices l, is not uncom.
mon to see arguments like the following in
the administration journals
Nor has the farmer or mechanic any
cause TO fear hom the reduction Of prices
even on the supposilion that we are to come
down TO haid money currency; for if pri.
ces come down on this account, every thing
mus, come down alike and il we receive
half n dollar only for bus hel ofcorn instead
ola dollar--thai half dollar will buy Just as
much ofany thing else.
We do not perceive that the conclusion
follows, necessarily. from the supposilion
How is it nscei,aiGed that the fifty cents
obtained from the sale OF bushel Of corn
will buy Just as much as dollar would?
II may buy as much OF beef or pork. it may
buy as much Of domestic manufactured cot.
tons. and Of fiiiy other articles OF ordinary
use; but will il buy as much tea. or coffee /!
will il buy as much shBgar. or molasses p
articles which are about as necessary 10 the
comforts OF existence, as corn, -four and
beef.
This argument has some plaus;bilily on
its lace; but il is miserable sophistIy
Ii might be worth something 10 a communl.
~ just emerging from state OF nature--or a
government just at the moment itwere spring
ing into existence But such is not the
state OF our community We have some
thing else to do with the fifty cents we get
for bushel Of corn. than TO lay il out in
purchases Of olher articles, however ncces-
sary such articles may be to our comfort or
convenience Most OF us ale lille IN debt.
and those debts are to be paid. Now. il the
reduction the wages OF labor to one half
the present standard can be attended. stimuli
tancously. with n reduction Of all the debts
owed by three iourths Of the community 10
the other fourth. the argument would be
worth something. Blu, such reduction
makes no part Of the scheme OF Messrs
Van Buren,. Benton, and Buchanan. Il has
never entered into their calculation. All
they want. apparently. is TO destroy the cred
il system, and Danish not only the word
credit from the vocabulary, but 10 annih-
late the thing itself
Suppose the scheme of these democratic
statesmen should be carried into full opera.
tion-tiow would nine lenihs ofour mechan-
les. farmers, traders, manufacturers TO say
nothing OF merchants) BE- able 10 paw
their debts and live? A farmer whose
stock and farm ale worth two thousand dol.
lars, owes, perhaps one half OF the purchase
money-or i mechanic whose shop and
manufactured stock on hand, (shoss, saddle
ry, cabinet work. hard ware, for inslance)
are worth two thousand dollars, owes half
that sum for raw material finds thar on
given day, when the new project becomes
a law. his farm. or his shop, with all the
stock on hand. is diminished in value, 10
one thousand dollars--if he Is TO obtain no
further credit. he must pay off his debts.
and 10 do that, the farm and the shop, with
the stock on each. is just sufficient. The
farm and the shop and the stock are Sold
and the farmer and the mechanic each is
free from debt-gloriously independents
with no incumbrance except. perhaps, the
,rifling ones Of wife and hall dozen
children, or il may be, an old aud decripl
parent. or some other inirm and INDECENT
relative, looking to him for support What
follows this long-wished for consummalion2
How are these men TO support their yonng
and helpless families! How is the farmer
10 obtain any other iarm2 He is free from
debt, but he is also unencumbered with cash.
and the government has destroyed all credit
"AH that trade on borrowed capital
OUGHT TO BREAK" says General
Jackson, and Mr.. Van Buren, covets no
glory beyond that of having served under
such n clieftain and takes no rasnonsihili