The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1847-05-29

now mucn rum Deen eXperlenCedI e.
Reader! look again at these prophecies,
made by demagogues for sinister pur-
poses, and then look around you for
the evidences Of their ful6lment. They
cannot be found. So numerous ore
the evidences on this point TO the con-
trary, that we are embarrassed to select
them. Facts, that start up in every
quarter Of The country, contradict point
blank the positions Of the wings. Our
country was never farther from ruin,
or from anything like it. The very
whig journals that were filled with
these gloomy predictions are obliged to
record daily instances Of the progress
Of industry and enterprise. Capital
wasanever pouring faster into the very
business, Chat of manufacturing) that
it was alleged the new tariff law would
ruin first; water privileges, destined to
make new Lowells, are seized upon
with avidity, and new factories are
everywhere started. Pennsylvania
never did a more safe businessmen
railroads and canals are overwhelmed
with freight-her FORCES in full blast
her mines pouring forth their treasures.
Labor never was in more demand--the
farmer, whom Mr.. Johnson predicted
was 10 be ruined, has been reaping a
golden harvest, and trade, this year,
will be immense. And it is we'll worth
considering, that the liberal and com.
prehensive measures of the administra-
ton are admirably adapted to meet this
state of things, and will be pronounced
by unprejudiced historians hereafter, as
worthy the nation and the age. The
country, in a word, was never growing
richer; and business, so far from being
crushed, is fast approaching the over.
trading point. So much for individual
ruin--for private credit.
But the wings predicted that public
credit, as we'll as private credit, would
be ruined by the tariff bill. Such was
Senator Johnson's sweeping prophecy.
But the great wing gun on this point
was Senator Evans, bepraised by wings,
from Webster downwards, as q Scion
in finance. He, it is alleged, demon
strated by figures how .entirely made.
quate TO the supper. Of Government
these are his words-the present tariff
would prove, and showed, to the salts
faction of his credulous friends, how
absurd Secretary Walker was in calcu.
lating a revenue OF twenty-eight mil
Iions--possibIy thirty millions from it.
~ shall be very greatly Disappointed"
said the Senator. in his farewell speech,
"f The present bill wiH yield a nett re.
n Of TwENTY.oNE MILLIoNsm And
so satisfied was he with his arithmetic,
so sure was he that he had the Secre-
tary, that he exultingly exclaimed, at
the end of one Of his items, where lie
figures out some half a million loss,
"Remember that, sir, for another day"
And at the close of this effort, when he
sums up his arguments, he objects to
the bill, "6ecQuse it would seriously i'm
pair the credit of our government"
Well, how now stands the public
credit? Is it "ruined," as Senator
Johnson predicted it would be? Is il
even ~"seriously impaired" as Senator
Evans demonstrated it would bei How
does it stand, in spite Of such ruin pro.
phecies, which. by the way, were back
ed up by the embarrassing efforts of all
bankdom and brokerdom? Let the late
Loan, now at a M OF FOUR PER
cENr. answer! 1t is the turn for dem.
ocrats to talk now, and to press upon
these ruin Projectors the question:
When did the credit Of the nation, in
every sense, stand highers Who doubts
tine ability Of the Secretary. If occasion
should require, to obtain a further loan?
So much for n part Of this sort Of
"ruin," and time, according to present
prospects, is only wanting to NOW
down the other part. Already, in six
ports only, the revenue for the present
year, since the new tariff took effect,
exceeds The amount of the same period
last year, over EIGHT UNDRE THOU
SAND DoLLARs-giving clear indications
that Senator Evans is destined, on this
point, also, to be ''vERY DIS.
APPOINTED" in his calculations as to re-
venue from the present tariff. At any
rate, public credit no,s is very different
from what 1t was in the days of the
Harrison Congress, when Evans HIM
self had a part Of the charge Of it. 90
By thus comparing the state of bust.
ness, and Of public credit, with wing
predictions, it will be seen how com.
pletely the latter have failed. The on
ly things ruined have been whig argu.
ments and prophecies; and here, it
must be admitted, the ruin is as tho
rough. as satisfactory, as any lover o: