The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-06-02
T NUMBER 36.

- "
only etIec,ua remedy is retrenchmenl and
economy. When constant drain of the
precious metals is pressing us TO meet the
expenditures Of our people for foreign I'M
ports, and when foreign nations encourage
home policy, by prohbitory duties on our
products, IL becomes a serious question
with us bow far and IN What directions the
industry now expended in raising a surplus
beyond cur own wants can be diverted 10
other objects of enterprise. To decide
question Of such magnitude and interest,
reference mus, obviously be had 10 the ar
tices imported, to determine what can be
raised or produced IN our own country;
and possibly il mey be found that most OF
the leading articles, either of necessity or
luxury, thus supplied, can be raised and
perfected to advantage by The labor and
skill Of our own inhabitants. The remedy
thus lies within our own power. Our true
policy is to give variety and stability TO our
productive industry. Extraordinary prices
in particular crops inevitably lead 10 dan.
gerous extremes iu the culture Of the same.
10 the neglect Of the usual and necessary
articles Of produce. Cupidity soon urges
even the agriculturist into spirit of specu.
ation, which too often terminates in great
embarrassment, and sometimes in utter ru-
in. The credulity of Americans is proven
bal; in this has, TO some extent, been lie
Illustrated in the almost universal mania that
attended the moruS niulticauliS speculation;
single sprout sold for one dollar, when
millions might be produced in one season.
Incredibly, likewise, is sometimes yet
more injurious to a community, as this
shuts out all the light which science pours
in, and rests con,euted with following the
beaten path Of tradtionary leaders. Hap.
py would it be for our country if the spirit
of investigation and severe experiment
should induce effort TO les, principles with.
OF, dlyer,ng il from those channels of in.
dusiry that will assuredly bring The com.
forts of life. The balance of the trade
against US, resulting from our mprovidence,
can no longer be settled, or rather, as il
might be said, postponed by the remittance
of State securities, which seem 10 have
had brief career, leaving still vast debt.
tina, can only be honestly cancelled by
much hard ,rork
Notwithstanding all this, the daily i'm.
porlation of goods (inc!uding many articles
of luxury goes forward to truly alarming
extent: TWO THIRDS OF WHICH ARE on
FOREIGN ACCOUNT, TO BE PAID FOR IN sPE.
Gle OR ITS EQUIVALENT! Without the ad.
mhttu HtdDo VI IiqoIEa,ius 's'S O~1uESSs
against US in foreign countries, We seem
still madly bent on increasing them. EleY.
en- and half millions of dollars 10 specie
were shipped from the single port Of New
York within the fifteen months preceding
January, 1912 and with such drain go.
ing on continually, every dollar Of specie
in the United States will soon be INSULT.
Gent TO meet our liabilities abroad. Stern
necessity, how ever, will ere long, extend
her laws over US, compelling US 10 limit
expenditures 10 the actual income, and TO
effect exchanges of our agricultural pro.
ducts, either at home or aboad, for the pro.
ducts Of mechanical skill and industry
This would be the case, even were the
amount Of our surplus product likely to be
eSsencd.
let there is no reason 10 apprehend that
our surplus products will be diminished
On the contrary, the stoppage of numerous
canals, railroads, and other works Of inter.
nal improvements by the States, will dis.
miss many laborers, who will resort to az.
rculture and kindred pursuits; so that the
amount Of products raised will probably
exceed those of former years. The exten.
sive tracts too, of our unoccupied soil, in.
wife emigration TO our shores and when we
consider the present extreme distress in
portions of the manufacturing districts OF
Great Britain, we are doubtless to expect a
large increase of our population in future
years from this cause. Ii is stated, on
high authority, that as many as 10000
persons die annually in Great Britain, from
the want of sufficient and wholesome food.
Let the fact OF our vast surplus product of
! bread stuHs and other articles Of food be.
core known abroad, and is it not reasoua.
/ Dir to look tor increasing .iJ;.;ons ,tiS
emigration from Europe to this country
especially since the distance is now, as it
were, so much shortened, that a voyage
NAV be comprised in twelve or fifteen days.
! A line of steam packets, too, is IN contem.
plation, to run from Bremen to one Of our
ports, with the design principally of con.
veyng emigrants, which no doubt, will
prove the means of bringing TO as hardy.
1 industrious German population, most Of
whom will probably engage in agriculture.
With these additions to her laborng force,
our growing country, if she be true TO her.
self, offers an unwonted scope for exertion.
The diversi:ies of her climate, the varie-
ties Of her soil, her peculiar combination Of
population, her mineral, animal, agricultu.
raj, mechanical, and commercial wealth,
developed as they may be by rlgh,iul re-
gard to her necessities, might thus place
her at last in situation as enviable for her
political aud moral influence, as for the
physical energies she has called into life
and action. Our republic needs, indeed,
only to prove her own strength, and WISE