New-York daily tribune., 1843-04-06
Prospects for 1s43.

the cry of Land Ho!' when no land was visible,
that they begin to think there is to be no land any
more. Yet we trust they will allow US to believe,
and endeavor to show, that the darkest hours are
past and that brighter day at last dawns en- our
long-sufering CouRtry.
Yet it must not be concealed that there are still
formidable obstacles to the conpete reestabisll-
ment of our National prosperity. The want OF
an adequate and uniform National Currency is for
two years at least, nsurmountable. The partner
ship of Ty!erism and Loco-F Focoism, to which the
Government is for that term virtually surrendered
will do nothing; Tyerism being intent on making
show of anxiety to do something while it neither
does nor processes any thing effective; and Loco
Focoism rests on its threadbare maxim that the
Government can do nothing for the relief OF the
People and ought to do nothing, but that, In Cur
rency as in Trade, doing nothing is the perfection
of human wisdom. Now there is ne fallacy more
clearly refuted by every days experience than the
assertion so constantly dinned in our ears, that
the Currency will regulate ITSELF if let alone
We are daily pointed the fact that the current
Fates of Exchange between the chief commercial
centres of the Union have approached reasonable
standard,
a deposite in St. Louis, Chicago, or Louisville,
canno, be realized here except at smart discount
debtors or purchasers in States embracing half the
surface of the Union promise no currency IN
which TO make remttances to the Atlantic States
and even the Federal Government drags, at heavy
expense its kegs cf dollars five hundred miles over
prairie roads, in order reach point where they
can be made available! And all this in state, as
we are told, of equalized Exchanges and proper
Currency!-But no the Exchanges have not been
eoualized, in any practical and bene6cent sense,
and the want of uniform, adequate National Cur
rency remittble in any manner at the slightest
cost, is still sorey felt in depressing Industry,
obstructing Business, and diminishing the just
reward Of Labor all over the Country
But this evil is greatly modified, and will In
time be nearly overcome, by the operation OF the
New Tariff, which has already turned the balance
of trade largely in favor, and is still rapidly
swelling the amount of Specie held in this country
We neither expect nor desire that this influx OF
Specie will be permanent; but its effect, IN en-
lareing and strengthening the basis on which rests
our Circulating Medium must be beneficial. The
rigorous and distressing contractions OF our Cur
rency consequent on the heavy imPortations OF
Goods and expectation Of Specie in preceding
wears are now at an end; henceforth the tendency
must be to a moderate and gradual expansion,
even though our Circulating Medium be limited to
she amount Of our Precious Metals alone.
But still greater benefit to the Country than
even ,ha, conferred through the invsoraticn of the
Currency is about to be experienced from the New
Tariff in the wide diffusion and more general pros
eculion Of the Mechanic Arts and Manufacturing
processes The vast Agricultural portions of our
Country have been kept in comparative poverty by
the remoteness of the markets for their products
and the cost of reaching them. While the farmer
in Illinois must raise Wheat for 23 CENTS yet the
maker of his cloth pay 81 SO for 1t, neither OF
them can prosper. A few go-betweens may amass
riches bat the great mass of the producers on both
sides must langssh, because most OF the fruits OF
their reciprocal labors consumed in the cost OF
exchanging them. Both must be vastly benefited
by the transfer of the Manufacturer to the neigh.
horhood of the Farmer. This process has already
begun; it will 60 on throughout the year and, if
she next Congress adjourns without disturbing
,ba Tariff, it viii be instantly and greatly
accelerated. The whole Country, and more than
our own Country, will be s,gnaly benefited by the
removal Of one hundred thousand manufacturers
and artisans to the great Valley of the Mississippi,
where the Farmers of that vas, luxuriant region
can pay them for their products with the noun
taius of Grain and Meat which must now be seld
for triae or remain drug or their hands. Could
this ,ransfer be speedily effected, not only would
an immediate improvement both in the demand tor
and price of Agricultural staples be generally telt
but Trade throughout the land would feel the be-
ne6cent impulse. Ne State ever permanently di-
miuished the amount of her inn orts by increasing
the variety Of her productions. If Illinois were
this day as grea. Manufacturing State as Msssa-
chusetts, she would, like Massachusetts, consume
q larger amount of Foreign Prodscts than she ever
did while exclusively Agricultural and CONNER
cia. The satisfaction of certain vital want. by the
labor of her own hands would increase both her
ability and her disposition to buy freely OF other
foreign Staples.
We note, therefore, with hearty qualification the
accounts which reach US in eur exchanges OF the
building of WOODEN factories in the West, of
Cotton factories in the South, and the establish
mont of new branches of Manufacture in every
part of the Country. Ills through such manifest
atons that our Protective Tariff is to perform its
great work of rebuilding the prosperity OF the
Country, by opening new sources and varieties OF
employment, and, by bringing the producer and
consumer much nearer together, increase the re-
ward of the former while diminishing the cost to