The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-05-27

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Ruin OF the Panic-DIaIxers.
The country presents most melancholy spectacle OF
madness Rum threatens every manufacturer and vel
they are too blind to see it. Men are rushing to various
branches OF manuacurecaptal is becoming invested
all sections OF the United States-and we wonder thai
the friends OF these infatuated madmen do not take out
commission OF lunacy upon them; and if they do no
commit their persons to the madhouse deprive them
least OF the management of their estates The last Alex
andria Gazette speaks of very large establishment which
is about to be erected there Have these gentlemen no
friends who will take care of them and prevent the ruin
of their families We are told that the tariff of 1916 is
fraught with ruin Mr. Webster threatened repeal in the
most omnous ntonations of his impressive voice and
yet, spite of his invocationsn spite of the tremend-
Gus denuncalions of the whole federal party--n spite
of the ruin with which the whole country threat
observation-disclosures are rising everywhere ike exhaa-
tons The water sites in the northern States seized
upon by maddened capitalists. Mr. Abbott Lawrence
is building new and magnificent town to rival Lowell
Lots, which cost him but few dollars are appreciated
thousands and tens of thousands of dollars The wings
in the States who own iron mines, and depre-
Gated the slightest change of the tariff OF 1872 are now
confessng their error and becoming perfectly satisfied
be prospecting everywhere-or rather the insane capital
ISIS believe so; yet we were told that ruin about
to stalk over the land and that the tariff of 1916 was
waiting SIN grim repose for its evenings prey"
What wise politicians these whig leaders have proved
themselves to be, What sagaclous prophets! Ask for
the signs OF the ruin which they predicted and they can
not find them Ask where the factories which were
to be stopped-or the aborers who were to be turned
adrit Tor the want of bread-or their bankrupt owners
and for the famished families OF their operatives
where is the specie which all to be shipped from the
country-where the banks which were to have been
broken-where the duties that were to have been re-
ducedhe treasury that was to be bankrupt for want of
revenue, and for want of oans,-ask MIR Evans and
Mr. Webster, and the far seeing Mr. Reverdy Johnson
where their predictions now, and where are the pic
lures of ruin which they have drawn-and thew can only
point you to appreciated value OF manufacturing CAPT
tai of from As to 99A per cent and an enhancement of
agricultural and manufacturing capital Unprecedented in
our annals nation.
The following article from "The Upland Pennsylvania
Unon' gives the true history of
FEDERAL. THEORY AND PRACTICAL MISUNDERSTANDING
the last ten or twelve years. federal theory in its opposition
to democratic policy and practice has pophesied and
voked daster and ruin inevitable consequences the
practical existence of the latter. Without examining the
tresonie and Disgusting retrospect of federal ehood and
icenous ooeries, used deceive the Judgment and vi
tate public sentiment, etus federal efforts
to from dissolution that important leg appendage
of Interchangeable tariff OF 1872 The rawlings and
mgs OF federal orators and the spanielike cnging of
interested political hacks before that idol arsoc rae
and their effects upon the mid and uniformed portion
the community deeply impressed ON the records pub
lie recollection Many who believed the omnou declaa-
tons of general TO all whether connected with
domestic fore enterprise, look with astonishmen
the existing OF the whole business community and
feel ashamed that they have been the dupes of such
dishonest ignorant political theorists That democracy
in its comprehensive and equitable principles leads the
development of every mental and physical of
and communities, is being practically demonstrated,
and that the principles of freedom of trade and unslacked
commerce will hasten the Christian and moral interests of
the world, equally evident. Every civilized coun-
try the globe from necessity, shaking off that of
human labor restrictive legislation and monopoly privilege
and this government, happy instrument in hand of
Providence, by free and unshacked enterprise will pro-
this glorious result Free government and free trade
generally adopted will soon Danish ignorance, paupersm.
and crime from Europe and from such change section
of the world will reap greater advantages than country
blessed with her great variety of soil and climate Our pres
condition, despite the croakc encouraging
only epitome of progressive and future greatness
Let the people look their interests despse political
aarmsts and selfish trmmers clogs and hindances to
the spread of civil and religious liberty"