Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1843-04-11

let alone we arc uhliN pointed 10 ,hc 4
the currCn, Rates OF Exchange between n, ~
commercial centres of the Union have ,r. .T
a reasonable standard, as il that aa,v,,l IT,,
purpose, while a deposiic in st lonp a
or Louisville, cannot be realized here e.
smart discount, debtors or purchase, !,
embracing half the surface OF the Uplob.,.
Use no Currency in which to make rrna,, y
the Atlantic States and even the Fc1.,. -
eminent drugs, a, "a heavy expense r h. -
dollars five hund I'd miles over ptane m, y,
order 10 reach point where they can \. Nh
available And all this in a state, a,w,,.1
of cqualized Exchanges and proper Cur.
But no the Exchanges have no, been ,,,
in any practical and benehcient sense ~ j
wan, of uniform, adequate National Cg,,I
rcmiitabe in any manner at the sligbts a.,
still sorely felt in depressing Industry. Obs,
Business, and diminishing the Just iewo,3 ~
ber all over the Country.
But this evil is greatly modified AMI u
time be nearly overcome, by the operation n
New Tariff, which has already turned the h.,
Of trade largely in our favor, and is still mr.
swelling the amour, Of Specie held in In. ~
try. We neither expect nor desire ,haltb, a
OF Specie will be permanent, bu, It's ,iI,c, ~
larging and strengthening the basis on ', I'D
tests our Circulating Medium must be benek,
i ne rigorous anu distressing contractors oi- ~
Currency consequent on the heavy impora,
of Goods and ex poraion of Specie w v.,.,I FL
years are now at an end henceiouh the ten(,p ~
must be to moderate and gradual c1pan,pI
even through our Circulating Medium be l.n,f
to the amount of our precious metals alone
But still greater benefit 10 the Country N
even iha, conferred through the invgonios ~
the Currency is about TO be experienced from
New Tariff in the wide diffusion and more ra- -
al prosecution Of the Mechanic Arts and Mrn
featuring processes. The vast Agricultural
tons of Country have been KEEP, in compans
poverty by the remotencss ofthe markets for M
products and the cost of reaching them Va
the farmer in Illinois must raise Wheat FOR 4 NJ
cents yet the maker Of his cloth pay 81 80 ft ~
neither o(them can prosper A few gobdvc{ II
may amass riches, but the great mass Of IhewI z
ducers on both sides mus anguish, because mS =
Of the fruits of their reciprocal labors are conss
ed in the cost of exchanging them. Both MS
be vastly benefited by the transfer of,he Manua
turer to the neighborhood of the Farmer Til E
process has already BEGUN; it will go on throug
out the year and, fthe next Congress adjourn
without disturbing the Tariff, it will be nstaul
aud greatly accelerated The whole CountT
and more than our own Country, will be siguih n
benefited by the removal Of one hundred thouSa
manufacturers and artisans TO the Great Valley
the Mississippi, where the Farmers OF that w
luxuriant region can pay them for their protua b
with the mountains of Gram and Meat WIKI
must now be sold for trhc or remain drug
their hands. Could this transfer be speedily q
fected, not only would an immediate improvemc
both in the demand for and price of AgricuIun Il
staples be generally felt, but Trade ,hrougbos
the land would feel the beneficcnt impulse. N
State ever permanently diminished the amount
her imports by increasing the variety of her p I
ducons If Illinois were this day as greaNv
Manufacturing State as Massachusetts, she wonl
like Massachusetts, consume a larger amount
Foreign Products than she ever did while eSeh
sively Agricultural and Commercial The sas
faction Of certain vital wants by the labor Of he
own hands would increase both her ability on
her disposition to buy freely of other foreign Sa
| pies
We note, therefore, with hearty qualification b
accounts which reach us in our exchanges Of in
building Of Wooden factories in the South, nndAi
establishment Of new branches of Manufacture
every part of the Country 1t is through sucl
manifestations that our Protective Tariff is op
form its great work Of rebuilding the prospective
the Country, by opening new sources and varlee
of employment, and, by bringing the producer sH
consumer much nearer together, increase tho re
ward Of the former while diminishing the lost
tHc in't'' CHiy ieI lnlS poIlcy oc stc1uily P,'s
vored in, and hcimprovemcnt in Business, or ii
demand for Labor and its Products, will be stead
and certain.
Yet we are not expecting what is called So
son of Prosperity in 1913 We know that price
whether Of Lands, of Products, or OF Labor, or
aud must be low while our Currency remains
contracted and imperfect as now and we wori
not have it expanded by any sudden impus
There will be few great fortunes made RAPID
this year, and we care no, fnover again. BUi
that real Prosperity which is exhibited in sieodr
prosecuted, and expanding Industry; in the era
ton of buildings, the improvement Of lands To
Introduction of new arts and improved process
and the realization OF large aggregate raua
for the years industry, we trust this year will %
be unfruitful. For those heavily in debt in TT
portion to their means, it will be hard year
have been several before it for those who a
find no employment su,od to their eapacIii'
adequate TO their support it will also be baE
though we trust that both the number and the E
vatons Of these will be much diminished. We
shall be greatly disappointed if l843 doa y
leave US, as people, in decidedly better eon'f
ton than it found us