The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1847-05-29
The Ruin-----of the Federal
Panic Makers. ..,ss

with much force, the inIatuation O! the
Federal leaders in their recent predic-
lions Of the ~ruinous effects upon the
country Of the Democratic policy, re.
commended by the Executive and adop.
ted by the Democratic Congress. The
present prosperity Of all the great in
terests Of the country is an argument
against Federal craftsmanship which
can neither be resisted nor stunned
BY all manner Of selfcommittal in Con-
gress and out Of Congress--by the
speeches of their orators, by the pre-.
d%ictions of their presses, by the very
principles Of their party creed, and by
the whole tenor of their loud-mouthed
dennnciations--the Federalists are
tied down to the position that the De-
mocratic measures Of the last congress
must Inevitably PROSTATE and paraiyze
The industry and the prosperity Of the
country. Upon this issue Federal states,
manship mostdistinctly and most eager
ly staked its whole claim to the conf.
dence Of the people. II made its boast
that its party policy was exactly the re-
uerse of the policy embodied in the
tariff of 1916. 1t denounced the mea-
sure as a system fraught with rum; and
it claimed to present and embody in
its wn party policy a wholly opposite
system. framed upon wholly opposite
principles, and so destined to produce
national prosperity. Upon Federal
showing, there could be no reconcile.
ment of these two lines of Tariff policy.
They could not both be good. They
could not both be bad. They were in
direct contradiction, and the success of
the one must be a complete refutation
TO the soundness of the other.
Under these circumstances, and amid
Federal impreca,ions Of "Ruln" and
"RepeaI," the Democratic Tariff sys.
tenn has gone into operation. The re-
suit of it is before the country. That
result is complete & triumphant. Prices
are high; labor is every where sought
for and well re rewarded; all branches of
manufacturing industry seem to have
received a new stimulus; the navigating
interest has entered absolutely upon a
new era of prosperity agriculture finds
a market almost without precedent in
its demand; and finally, both the reve.
nue. and the credit OF the government,
even in time of war, stand at this mo-
ment upon an elevation which has
hardly aver been reached before, wen
in a time of peace. Such are the re.
suits, undeniable and admitted, of the
system which federalism has condemned.
The people can well judge themselves
what would have been the results of the
wholly opposite system which Federal
ism approved.
In this view especially we commend
to our readers the facts SO clearly set
forth by the POST Wash. Union.
From the Boston Postl
BUSINESS AND PoLITIcs THE WHlGs
AND R%uIN.--lt cannot be denied that
The wings, since the latter part Of Jack.
sons administration, have endeavored
to connect business with politics.
They have claimed for their political
measures the credit Of causing existing
seasons Of prosperity; while they have
attempted to fasten upon the democrat
ic party the odium Of causing CONNER
cial revulsions. They affirmed thatthe
latter were brought or by a removal of
the deposites, or a specie circular, or a
destruction Of the national bank, or the
adoption of the independent treasury,
or some other democratic measure;
while their panaceas have been the
tariff of 1912, the election of Harrison,
or the land bill, or some other wing
scheme. Heretofore, when trade mu-
lishly refused to work according to
their predictions, the wings have man
aged, with perfect GOODNESS, TO bring
up some reserve element to. meet the
case and relieve them from the odium
Of being bad soothsayers. Thus, when
their predictions Of ruin to follow from
Tyler's veto Of their bank bill were SO
completely bafled by the turning tide
Of l842, they brought up their tariff Of
I842, to account for the prosperity Of
the country, and seemed to forget that
they had ever prophecied ruin. Hence,
from that time TO the date of the repeal
of this act, they asserted that this meas
ure had made the country once more
prosperous. This, however, has been
repealed, and in the face Of the most
positive predictions Of ruin; and yet
the country is prosperous to an unpar.
extent. What wing measure
will now be brought forward TO account
for this state Of things: @
This may be a profitable time to re-
call some Of the wing prophecies, and
how near thew come ~ f,l6inoent |