The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1843-07-18
Friends of Protection! Be Ready!

From every portion of the Unou we have accounts
OF the revival Of Business and the increased employ
ment Of Industry under the New Tariff Property is
generally approaching in value, in spite the ruinous
contraction Of the Currency, which is at this moment
smaller in volume than at any time since 1880. Man
ufactures Of various kinds commencing and new
branches Of production opening in the South and
West, it formerly said that only Agriculture
could be prosecuted. This is what the Country EN-
inent|y needs-a better diffusion and proportion of
its industry-und this the Tariffs e1ecng. Three
or four active Manufacturing villages in Indiana and
Illinois, which would attract thither the surplus Fee
male Population of the East, and give employment
10 any which may be unemployed in the West
would reduce the price ofwhat those States must
buy, and iaise that of every thing they had TO sell,
thus increasing the value of all the Land, Timber, &C.
in the West. Money, now almost total stranger to
whole Counties, would besargely put in circulation
every thing which has any value would possess
cash value, and we would no longer hear of good
horses sold at the Sheriis post for IS and for
81 so, they have frequently been during the past
year--Our Protective Tariff is slowly but constantly
working vast good to the Country; only need in
telligence and firmness to sustain it, and all will be
WELL Let no man believe that the Tariff is lost be-
the next House of Representatives is likely TO
be Loco Foco; the SENATE-'the break-wner of
the CONSTITUTIONS pretty certain to be Wing, and
will, trust, hold the Destructives at bay till the
Country can be aroused to the rescue. No has
right to despair Of the Republic!
The greatest evil now experienced is caused by the
Of National Bank. In the absence OF such
Institution, money concentrates in our Great Cities,
-, -,
where it is needed and would he useful Millions are
now piled up in Bank vaults and private dcposo
res because it canno, be safely loaned or invested by
its holders to bring them per cent while there
are whole districts Of the Country in which that mon
ey is wanted on good security and would be worth
10. There is chusm between the class which has
money to lend and that which might profitably and
safely borrow it, and this chasm would be bridged by
a National Bank. Had we had such institution
for six months past, the money now lying idle in our
Cities would have been subscribed TO its stock 9th
erwise absorbed by it. and loaned out where it
most needed and would been instantly employed in
building, clearing farming, buying implements, cloths,
SC giving employment to Labor and making mar
ket for Products, TO extent which would have
vastly increased the Business and the annual Produc-
ton Of the Country. The farmer, enabled by a loan
the security of his little homestead to subdue i'm
prove and fertilze it, instead Of wastng his time and
worrying his life out to get executions stayed and
debts extended, would have paid the money to the
Laborer that he will pay to the Sheriff, and his
crop would have been doubled. We believe the alb.
soute loss TO the Country, from the unemployment
of the Capital locked up in great Cities, will
be many mions.-This evil will 10 great extent
itself ultimately; but what is lost during its
tnuance is lost for
The Tariff we have is good one, notwhhsand-
ing few inconsiderable defects-and it is the sheet
anchor Of the Nations Prosperity. Surrendered it
can never be; and it must never be overthrown.
And yet if any amount OF fraud and falsehood can
work its overthrow, it will be broken down. There
are interests adverse to those of the Protective Indus
try Of this country which richly afford to spend
millions to crush the Protection enjoyed by that
Industry These interests always vgilant active,
intelligent, and lavish of money, while the Home In
teres is sluggish and careess-too often unduIy
fdent the hand unwisely Respondent on
the other This Interest must be awakened and
it must put forth its strength in the struggle rap
idly approximately. Y. Tribune.
szzwzruzzszrz-=sznssszrznunn1E
Hurrah for Pan Buren!-Out of sirty .seven land
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