The State guard., 1847-09-14

!erred the increase of trade. prosperity and human happiness. As long as they can procure bank loans, share bank dividends, Grink rich wines, walk on soft carpets and recline on easy sofas, all things are going on well. Provided they can secure 10 themselves ihe luxu> ries of life, what care they how many millions toil and sweat, or how many thousands starve. They have heard of Tyre, and Carthage, and Alexandria, and Venice, and Genoa, and Amsier- dam they may have read of ther ex- Iensive trade and enormous wealih-lhe valuable manufactures and rich fleets of other days--buf provided they can sucs ceed in establishing system which would enable them 10 secure riches, fine houses, and large estates, and all The Influence which wealth and power can give, out of the labor and indus- try O; the masses, what care they for lacis
 In January, 1889. the total amount of Bank loans in the II. States, was S5lO.. 000, 900. In January, lS47 they am cunt. ed To S33O 900 900, showing decrease of Slsl 100000 In January, 1889, the bank circulation amounted to SIS 000,. 900 In January, le47, il amounted to SsO 900 900, slowing decrease of S35,. GOO 0oO.
 Now compare the situation of inc country during ihese two periods:
 In 1889, win Sl8l GOO 900 more of bank loans and $25 900 900 more of pa. per money, Tn the full enjoyment of peace, the cry from one end of the eoun- try 10 the other was "Hard times ;n bankruptcy and ruir, like a devasting army, were laying waste the land, tho commerce were shaken 10 their very foundation, and stores were unoccupied. houses untenanted, the progress of ln- dustry every where checked, and thous, ands cut of employment. In IS47, with the Si5l.oG00O0 less of bank loans. and S35 000,0O0 less of paper money, in the very lace of foreign war, wealth and prosperity, instead of bankruptcy and rnin, are pervadirg he country manufactures are increasing-our ex- ports are increasing-our imports are Increaslng-ouT mercantile maiine is increasing and specie Is flowing in with every fresh arrival-every store is oc, cnped, every house Is ,enanted, new buildings are starting up every day. and our towns and cities are spread .ng them. selves beyond their former limits. with a raplduy of increase unprecedented in ihe history oi any people; labor and in- dustry every where meet with their p,o- per recompense-and few indeed, mho are Willing 10 work, are without employ ment.
 There is no idle theory here-t is one of solemn facts that cannot be de. nied. We know that these facts and the arguments that arise from them VI ill be lost upon those who, in their des, 6 10 become rich in d hurry, are willing 10 iurn all trade into gambling spec ula. ton but we give lhem for the working men--the men who are content 10 live upon theh own industry, and who are wiling to vail patiently until the leeili- male rrofis of the,r labor shall slowly but certainly grow into wealth. Let them compare these facts and then ask those paper fnanciels 10 explain them. There never was greater error-nay, there never was greater hunbug, than that which is concealed in the idea that paper money is necessary 10 the con- mercisl prost erily of an, people. There were brave men before Agamemnon, and there were trade, commerce., man. ufac.ures, wealth, prosperity and happi- ness before paper money was ever dreamed of.-Fag 3- Adc,