Ponola [sic] weekly register. (Ponola [sic], Miss.) 1843-1843, 1843-06-03

staunaIon OF business! Ii Is admitted
that there is now more momed capital
in the country than at any previous Pc
Rod, and that labor is lower than ever
before, and yet not in demand. Is not
this an anomaly in the history Of any
people? In the ordinary course Of
things, when money is superintendent,
IT seeks new channels Of investment, &C.
casions demand for AMI raises the wa
ges of labor. Why is it then, that now,
when both capital and labor can be had
for less than ever, both arc unemployed?
The answer is obvious. Large monicd
capitalists will no, invest their capital
in any branch Of business until they
have some assurance, that the next
Congress or the next Presidential edict,
will not, for some partIzan object, adopt
q course Of policy or take measure
which will render that branch OF bust
ness profiless. How manifest is it
then that the Interests Of tho rich and
the poor, the capitalist and the laborer,
instead Of being arrayed against each
other, are intimately blended and iden-
tilted The blow which one strikes a
gainst the other strikes itself.
Let the laborer aid the capitalist in
any measure which opens channel to
the Investment Of capital and he will put
bread into his own mouth, for the invest
ment Of capital presuPposes the employ
ment Of labor. The mechanic aud la
boring classes Of this country will be
aground down. until they learn les
son on this subject, if they have not
learned it already. They have been
led by demagogues, under fair promi-
ses Of unexampled prosperity, to 60 a.
gainst permanent system of Judlcious
tariff regulations, National Bank and
the whole system of Internal Improve
ments by the government, the three
grand measures most desired by the
capitalists Of this country. ana which, if
carried into effect tomorrow, would IN
one month almost double the demand
for labor in the United States and raise
wages in corresponding proportion
These measures are so intimately iden-
titled with every individual as we'll as
national interest that the people OF the
United States can never attain TO the
maximum of prosperity while they
wrangle about them on the stump or
on the floors Of Congress. And we hail
even the remote prospect of the settle
ment one Of them by a fa:r and recip-
rocally advantageous treaty between
this country and Great Britain as one Of
the most suspicious signs Of the times,
II will do away with one OF the bones
of contention with which we have SO
long been cutting our own threats, and
perhaps open the way to an adjustment
Of others, and it will have tendency TO
perpetuate peace between the two coun-
tries which is in all respects desirable.
If this object shall be accomplished
through the agency Of Mr.. Webster, il
| will do him honor, in comparison with
with which the treaty of Washington
I
sinks into utter insigniGcapce.
As Interesting in connexion with this
subject we subjoin the following article
from the Cincinnati Gazette, OH the
subject of cotton manufactures. In few
years, by pursuing the policy there re-
commended, we will have built up a
home market, which besides bringing
all the labor Of the country into demand
will consume the greater part of the
cotton produced in the South. Can there
be rational question that il is equal
ly for the interest Of the planter and
the manufacturer? The Gazette says:
! .sAs it happens with individuals, so il
is with nations, that they know not
their strength until they are tried. =
"If any body had predicted in 1898
that our manufacturers, would have
mastered English capital, wherever a
broad it seemed irmesb he. would have
been laughed at as dreamer. beg
gar our people, said a Senator when
opposing the Tariff, and you may e
quail the Cotton establishments OF Grea