The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1843-06-28
FRIENDS OF PROTECTION. BE
READY

From every portion Of the Union we have
accounts of the revival of Business and the
increased employment Of Industry under lie
New Tariff. Property is generally appre.
ciaiing in value. in spite of the ruinous con-
traction Of the Currency, which is at this
moment smaller in volumn than at any time
since 1880. Manufactures of various kinds
are commencing and new branches of pro.
duction are opening in the South and West,
where il was formerly said that only Agri.
culture could be prosecuted. This is what
the Country eminenily needs-a better DIFF
fusion and proportion of its Irdusiry-and
this the Tariff is effecting. Three or four
active Manufacturing villages in Indiana and
illinois. which would attract thiiher the sur
plus Female Population of the East, and
give employment to any which may be IN.
employed 10 the West-would reduce the
price of what those States must buy and
raise that Of every thing they have 10 sell,
thus increasing the value of all the Land,
Timber, &c. in The West. Money, now al.
most a total stranger 10 whole Counties,
would be largely put in circulation every
thing which has any value would posses q
cash value. and we would no longer hear OF
good horses sold at the Sheriff9s post for S.
and cows for 81 so, us they have frequently
been during the past year. Our Protective
Tariff is slowly but constantly working vast
good 10 The Country; we only need intelli.
gence and firmness TO sustain it, and all will
be well. Let no man believe the Tariff lost
because the next House of Representatives
IS likely 10 be Loco-Foco: The Senate
'breakwaler of the Consiitution'-is pretty
certain to be Wing, and will, we trust, hold
The Dcstructives at bay till the Country can
DO aroused TO The rescue. No man has a
right TO despair Of tho republic!
The greatest evil now experienced is
caused by the want Of a National Bank
In the absence oe such an Institution, Mon.
ey ccnlrates in our great cities, where it il
not wanted, instead of diffusing itself where
it is needed and would be useful. Millions
IRE now piled up in our Bank vaults and pri.
vaie repositories because it cannot be safely
loaned or invested BY its holders so 4, 10
bring them FIVE per cent. while there arc
whole districts of the country in which Ina,
money is wanted on good security and
would be worth 10. There is a chasm be
tween The class which has money 10 leuc
and that which might proffiiably and safel,
borrow it, and this chasm would be bridgec
by National Bank. Had we had such ar
institution for six months past, The none,
now lying idle in our cities would have beer
subscribed 10 its stock or otherwise absorb
ed by it, and loaned out where il was mos
needed and would be most productive. Tha
money would lave been Instantly emoloyed
IN building, clearing, farming; buyinp i'm.
plements, cloths. &c. giving employ ent r.
labor and making a market for products 70
and extent which would have vastly increas
ed the business and the annual produc,;or
OF The country. The farmer, enabled bv >
loan on the security of his little Homestead
10 subdue, improve and feltalize it, ins,ea,
Of wasting his time and worrying bis life gu
TO get executions stayed and debts extended
would have paid tho money to the lahore
that he will now pay the Sheriff, and hi
crop would have been doubled. We beliey,
the absolute loss 10 the country, from III,
unemployment Of the capital now locked
up IN our great cities, will be many millions
This evil will 10 great extent cure itself al
iimately; but what is lost during its contip
uanco is lost forever.
The Tariff we have-a good one, rot,