Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1845-09-12
From the n. Y. Evening Post.
TRADE AND WING LOGIC.


Under this head, the Boston Posfquotes
from Niles National Register, one or two
significant facts in regard 10 the present
state of exchange and trade. One fact, ac-
cording to Niles, is this:
Exchanges. both foreign and domestic,
never have been for longer period quiet and
steady. No changes TO notice. This is one
of the most unerring evidences of healthy
condition of trade. Let we'll enough alone"
Who would have supposed, a few years
ago. when reading the fierce denunciations
of Gen. Jackson, by the whole wing press,
for destroying the United States Bank, that
one of their most eminent authorities would
so soon make confession like the above!
1t was then urged with vehemence, al
most without parallel in political contro-
versy. that it would be impossible TO regu-'
late the exchanges OF the nation without a
U. S. Bank The press teemed with pre-
dictons to the effect that commerce would
suffer general CONFUSION without it, and
the intercourse Of trade between distant
parts be mostly, if not entirely suspended.
We can distinctly remember the sombre
pictures of distress that were drawn, or the
Ilugubrious tones in which our sympathies'
for the poor merchants were excited. And
when MIR. Van Buren,, following the lead
of Gen'l Jackson, declared that it was no
more the duty of the government TO trans
port money from one end of the Union To-
a the Their, than it as TO transport wheat
or whiskev, universal shout Of indigna-
ton was sent up by the whig party, as If
the man had clean lost his wits, and was
! pIunging the people. whose affairs he adj
ministered, into remedies ruin. The ia
: nous orators of the party, at the head of
r whom stood Mr.. Clay and Mr.. Webster,
! went about to convince their followers of
f the melancholy fact, which they were
e quite as positive as they were Of their own
existence.
n Well, what has come of all these afgu-
p! ments and prophecies! Read the simple
Y extract from Niles as the answer
u Another fact we have from the same au--
0 thority is this:
/! ''No former year has eqnalled the present
: in the number and value of buildings and i'm
O provements erected in all our principal cities.
- Workmen and materials have been in great
,, request"
What, we are disposed TO ask-in the
!, face of all those forebodings of ruin which
i accompanied Mr.. Folks induction into Of,
!, fee! Are these confident predictions so
soon forgotten Have the wings lost the
recollection of their cruel but impotent at
> tempts to cre:;e panic! Il must certain
- Ey be within the memory of some of them
r that the Journals of this city were filled
: with accounts of men who had determined
either to relinquish business altogether, or
TO withdraw the greater part of their capt.
:. tai from it, so hopeless were tile prospects
of trade under the new administration. 1t
was even recommended, with great seri--
business, that as large numbers Of working
men would necessarily be turned out of
employment, the wing employers should
begin with their democratic Iaborers as an
example. In some places this benevolent
advice was carried into effect to the fullest
> extent. But, unfortunately, cupidity got
:, the better Of prejudice. The kind-hearted
20 whig employers soon discovered that they
were distressing themselves in vain, that
money would be made, that trade was d
J, refractory sort Of thing, and would not
square itself TO their logic, and therefore
>, they went TO work quite regardless Of their
former VOWS and threats.
We have, in what we have Just been
saying, pregnant illustration of the folly
i OF regarding particular interests as whole
II nation, and of deducing general conclusions
in regard to the affairs of whole people
,s from our own petty affairs. A great ma
= ny of the whig party who Joined in these
dark murmurngs and prophecies. were
misled by narrow views of their own in
If terest. They supposed that temporary
:, depression of trade, rendered inevitable by
nf false methods Of prosecuting it, would be
;. a complete subversion oft; but experience,
% we trust, has now made them wise and
o while il has disarmed their prejudices a.
70 gainst the democratic policy, impressed
A. them with salulary truths as to the necessi-
ty OF no short-siglted interference with e.
=, ternal laws of commercial freedom.
, The New Orleans Picayune says: at
;. is proposed by certain observer Of the
- times to have the laws printed on India
: rubber paper, SO they can be stretched a
:, bit when rich eulpril is TO be hauled over
, the Goals. We don't see any occasion for
this, ourselves, as the parchment on which
- they are written at present is found snf1i-