The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-10-19
PoLITIC AL.
BUSINESS AND POLlTlCS-THE PANIC IN
DISTRESS

IL 10 10 be hoped that the business community
will, ere long, open their eyes to the humoug tha'
has been practsed ON them. The object OF tne
wings for years has been drag business iato pol
ilics. 10 make business arrangements consequent
of democrats measures and prosperity the result OF
whis measures. And it is worthy OF remark, how
they have backed and filled, twisted and turned, TO
make their busIness predictions square with the
course OF trade In the latter tney seem 10 nave
been singuarly unfortunate. When they prognos-
tcaied relief and prosperity, the consequence OF
some special dose OF their thunder the election
of Harrison, or passage Of the land bill, there has
followed additional peeqniny embarrassment and
when their sharp ears heard the approaching foot
steps Of General Rum, when the national bank
ball vetoed, or Col Polk elected there has sue
eeeted period Of uncommon prosperity. Sui,
they have had thus far fortress to retreat to
some plausible way 10 get over their false Pfedic-
tlons. Thus, when the ruin did not come al the time
the last bank bill was vetoed, but on the contrary
prosperity, they turned right about face, and as
ciibsd this prosperity to the 1912 tariff. They have
predicted ruin a consequence Of the 1886 tariff,
with ten times more confidence than ever, and have
worked hard 10 get up panic. But suppose that
inssaad Of ruin. the eoyptry should turn out TO be
more prosperous than sysr-how wlll Inc wings con-
uiye ~ a=cribe IL all yo'ther thunder
Now instead OF mourning, there is ejoicing; IN
stead OF alsied energies, there Is energetic enter
prise The panic Is evidently IN distress. Let as
anayLs the state 81 things Our country is the most
prosperous, go far as the production OF wealth Is
concerned, when agriculture, commerce, and manu-
features thrive all together; Is this the case noWl
Take first the aAsuFAcTuRERs. Special efforts
were made 90 convince them that, unless mnimums,
Aliss a monopoly Of the home market, specific duties,
sad high protection were maintained, they would be
sure 10 be ruined. Bot these have all fallen. And
wing politicians have been looking to manufac.
turets stop their Mills snd stop their protested fac
torres. They fteted 10 see, this, at the new
cay Of Essex. the old city Of Lowell at Manches-
Ter, and al Newburyport, the silence OF despair.
But, the contrary, there Is at these places the nc
lvty of confident enterprise. The cotton interests
feel under no appre henson OF injury from the loss
OF the much la1ded minimunis the voollen in
tcrcss feel that they successfully compete with
the Foreigners, and the calico printers will not
abandon their business. Even Pennsy lyania be-
giRs feel that she 10 not destined to very swift
rum Her iron masters, after all, can make a fair
pfOht and do as much business as they choose and
hes call ,,,,ues will 40 more he deserted than will
b. The splendid water privileges Of New England
Tbs enterprise, skill, and shrevdness Of our man
ufacturers are better guarantees Of fair profit than
unjust tariffs. And in spite OF the way whig orators
n,ournei IN Congress, and wing presses amented
out gf a. We believe the intelligent among them
would rather take their chance for 20 years under the
pssssai Tariff, than to 60 for whig repeal. Stick a
pm hofe--thnt IN the very quarter where universal
rOin Vas begin, there not the frat sign Of It's
coming. The panic, here, has failedl
j
oThiurs demonstrate To our farmers that liberal
co,,,,.rci,l sv.t.n would work them nothing but
ini1ryi The raven note was this; the manufactu-
rtrs ~ll be ruined by the 1876 tariff the towns
where they are will decay and the market thus
afforded 10 the farmer will be cut off. Having thus
disposed Of the home market, the orators continued
,h,r heo,vol.ot abors by showing that the opening
of the British ports would not be worth a rush to
thsm a. eompensaIion for this terrible home ruin;
for the countries Of the Baltic would gut the Brit
for.iyn nsrker The farmers have now an oppor-
,,n;,v N v,,ifviog viii predictions They see
h.l,., nr,o~s alreadv for their produce What were
an. orcc. M corn wheat dour rye nroyisions
and cotton. when the 1876 tariff was passed. What
ar, thew NOV; The erop of Indian corn in Is46 is
..,,m.i.d :, owe, five hundred millions of bushels
AN. ar,,,i, has zone no ftv DER cent: the crop Of
,hsa, win exe,ed one hundred and FORTY millions,
a, ,w.n,ve;ht millions of barrels of -four and this
or,icle hs. zone up u uer cent RYE and proyisons
nav, a,o zone no. and are still rising So has cot
ton Immense quantities of the articles of provision
and breadstu(r. are flowing to Europe. and i'm
menss ouao,i,ss are flowing from the great foun-
t.ios of PRODUCTION over the country. In conse.
on.ooe he ;nc,e,eo of wealth ia immense. and this
20. MO an, noel "A. of the farmera. These are
s,uhorn f.ets With these before them what will
thew saw TO the demonstrations and predictions of
vbi1 orator., What have the latter got to saw for
tbem.eIy.s, What thunder have thew left to claim
the credit of prod ucing this rise of prcesi
I.ook 10 ,hs ,mpp,se rsrrprsT. For wears this
interest has been depreased--discoursged by the
enormous ,ax.s mt npon articles used in building
x,ssel. and bv The anti.commercial poIicv of The
government A better day is dawning for IT, Give
our enrerprisng ship-owners an open field and fair
play and they will stand a competition with the
world. They see this now before them. and their
prospects, FOR years, have not been more encourag
ing There is no ruin, nor signs of ruin, here
Take the case of the LApoRrn 10 some places
4
discharge men. They found il took two TO make
bargain. The demand for labor, to say the least
has proved equal TO the supply; the hands in some
establishments refused to work. Now, as our mer.
chants refused to stop their orders for goods this
operation of the hands worked badly for the mill
owners and they were re-cngaeed at the old prices
The wings cannot count up the thousands discharged
from employment. There il no panic here
The MONEY MARKET, too. works badly for the
whig panic-makers, In soite of their croaking crv
money il easier now than il has been for long time
and capitalists are glad 10 get ak per cent for their
! -