Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-09-22
L or example:
S7I5.50i,639
5G2, 253,40l

Making balance of $l53,25l 1856 against us. in six
months more than the first half of the selected period of
nine years. That was the srrd time Of the L,rvee,
which afterwards reapedthat harvest If min bcb
c"vered the nation as with pail of mourning How
happens II, that just at The precise ine when. if the
theory Oh The writer upon whom we are commenting be
crrec our people should have been beyond all me3sure
prosperous, we were thrown into spasns which con
vnlsfd the country from one extremity 20 the o,ber a,
Though 1t Were in the hoes of commercial and fnan
cal earthquake? When was there period in our bis.
tory oe'e, that. during tine of profound peace, the
banks were every where compelled to suspend spec.
payments, commencing in the Atlantic Cities and spread
ing with rghtul rapdi,y into the interiors susncnson
from which more of them recovered for several wears nd
which proved to many of them the stroke of death,
When, before. was there great pressure" as dnrng
this very period, selected by The writer in the Repbl.
can to demonstrate the advantages of the system under
"hch IL pccurredl When 1.-THE price of every fling
the farmer raised for marketo sold SO tow and that maid
Tor TOO IN deprecated paper currency cc had been
called upon 10 designate period, for the pnrp Sc Of H.
Illustrating The mschIevous tendencies of system which
by the imposition of low duties encouraged excessive
'mporlaons" beyond ability to pay or them by our
exports would have been unquestionahy the very Sc
C'lGSpn
its beneficial effects And if we were startled at the
vel theory p:opounded by The Republicans e,rr.spon,
deniha an excess of imports over exports is an nJca
non OF augmeniing wealth, we were overwhelmed with
establishment when We saw the history Of this fearful
peroo,-when the government was reduced from the
most prosperous condition to bankruptcy, when The bank
ing system t"ileed 10 It's foundations when individual
fortunes were swept away by the breath of the hrri>
cane, and our credit. national and individual was dcs
siroyed,--chosen to exempty aud recommend H. r.,
us that history is terrible beacon Of warning; and he
must be rash "experimenier," indeed who, with lis
lurld light flashing upon his vision will again cunseo Ia
run the ship of State upon the rocks and sands IN
on which she then foundercd, and was well noh
wrecked
lhe last four years OF that period exhib an approx
''ha'i' 10 equality between the exports and Imports
particularly the last two, QS40 and lS4I.) in which
the difference Is several millions in favor of the expors
- mai stale OF things has fortunately continued since.
IN an augmented ratio, under the influence Of the tariff
o' 1872 lis good effects visible in The reroyaed
co'o''oh oi 'he country-n the restoration of the de.
soyeu credit OF the government-n the ma nienance If
specie payments by the banks, which owing to the ces
Sao Oh 'he dfain upon them for specie were never in
81 sound condili"n-and in the general prosperity Of
every department Of industry all of which obtain remu
"era'ing prices. Strange, indeed is it, if the ncreas
wealth OF The country is 10 be measured by the excess If
s imports over It's exports, that, at period when that
excess was the greatest, The evidences of Embarrassment
ana nun every where surrounded us and that il has ~,
oeeh since the REVERSE became rue and the cxoor,
nave exceeded The imports, that that embarrassment .s
ea renewed and that ruin succeeded by brig state
Of things
i"fe Is another branch Of The qucs,iun-he f,c,d
he 'lva tariff Systems upon the mpora,ion and sxr,,
'a'ioh OF spPcle-uron which We intended to subm, /
lew remarks. in reply to hose Of the Republicaus
respondent But this article has grown to length which
we had neither designed nor anticipated when we ,ol
up "ur ren-and we are compelled, therefore IA def
II EN- untrl our next