The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-08-09

On N thew conclude that the days Of prosperity are
gone for ever But the principles Ivy which the WORN
is governed are immutable and Incorporation oil ln's
principles is ever from all exlremites TO produce thei
opposi es In all trading commu tiles there are re-
gular SUGGESTIONS of vgor and relaxation, oil over 10
ING and lasstude. No man has been IN trane i"'
twenty years without passing through several OF 'e
The Revision which we are now gong through, ms
features of enlargement which never before "a
isted OF this the efforts of the u. States Bank 10 OK
pand the currency, and its consequent failure anu
annhilaiion and the borrowing OF vast sums by 'ne
States followed by the entire prostraton oil me cfe"
of many of them, the most prominent. ne ca,
element caused by high protective tarii, followed
by the conparatjyeIy low duties which now prevail
and the uncertainty which at present hangs over the
whole subject have added not little 1" the violence
with which business has gone to It's TWO extremes
These circumstances have rendered the present Tue
longest and perhaps upon the whoie th mos, u'saI
trous to private fortunes of all the revusions through
which our country has passed. let IN point oil deep
general depression, she has repeatedly been lower
and as TO of recovery, she Is now beitef OH,
beyond comparison than on many former occasohs'
We heard one of oldest and richest men say the
other day. that the country was In truth never IN so
good state as now The declaration Is nearer true
than first blush view of affairs would lead US to sup
pose. Trade never was anything more than an ex-
change OF commodities. Wherever trade has gone
farther il has ended in bankruptcy. Had our country
ever larger amount of SURPRISES to exchange, IMAM
she will have the result of the crops OF TINS year
Had we ever more facilities 70 bringing those sur
pluses to market and taking back their returns In
both these respects position Is better IMAM al any
former period Ii is that ships are earning no.
thing, and factories are earning nothing nut .he eAu
berant earth will set them both in notion AS To IA
Dor, it was never well paid as now. thousands,
we know will lift up both hands IN amazeme"' at
such declaration. Yet 1t lis true. we refer 10 me
great mass Of labor, and that is chiefly agricultural
and we say that never before was there time when
a ,. e oh,
forts for the laborer az now. Half days WORK
will pay his passage on journey OF TWO huhofea
miles Would it do that for him twenty years ago
A laborng man can now, upon MS earnings ',loy
himself as he never could before. we kno" tha'
merchants clerks aborers in factories, and sailors
are many of them on. Of employment, and distressed
but these occupations always share In Ie'u SONS
and the number of persons connected win 'heih
who are even now in actual distress, Is not great
In agriculture there revusions Laborers on inc
land never out of work In tiis country, anu
will be during this century or the next mere
some extraordinary circumstances now IN exist
ence to facilitate the recovery OF business, rs 'neie
were some to aggravate its downfall Inc great iac'
lity of internal communication is one OF these. An
other is that Just this time the bankrupt law win
all the mischef which it brng will dIsenthrail thou
sands of men of good business talents, and BRING mem
into action Another is the reduction of duties on
the importation of SURPRISES into the ports oil inc
nation with whom largest trade Is carried on, ana
the settlement by treaty with that nation, OF several
subjects of controversy which have at times threaten
ed To break up our intercourse entirely. we look
upon he shape of the British laws relative to the ah
mission Of products into Canada, and The adnis-
son of the products of Canada into the mother
country likely to he of immense Importance 10 the
interests of our Western States; while at the same
tne under such laws, consider the ST, Lawrence
a much dangerous rival TO the Hudson than the
Massachusetts rail road Eng land wants what we
have to sell, and while her laws remain as at present,
there will be immense quantity OF Canada flour,
wheat beef and polk shipped to Eng land 1t Will he
the very soon if it is not now that English ships
of thousand tons burden can Come up the St Law
renee into Lake Ontario and vessels of three hum
drcd tons 20 to Lake Erie and load at Detroit
or Milwaukee and proceed with their cargoes directly
to Liverpool. The night of disaster has indeed been
long and dreary but the morning will be bright, and
the day prosperous.