New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-09-15
:. I'm, sober ..eoud Though, Of the People,

Under this heading the EUeaiHg Post pcoisned,
a few DAYS since, q communication PurPor'Ds "a
come from "a convert U the sob treasury ~.
giving IN extensO some remarkable reasons 80
conversion. Assuming the ground ln1S ~. n
Treasury will be continued as 'uo -. -
so.,si, ~. ,,,;nion BIZ an enumeration OF tne az
vantage. secured 20 the country curing 'uo
-. -. ei,ber BY the actual WORKING oi the ouO
T.a...o~,, n, an a ourebensiOD OF the same lues
snnesr 70 q. soiHciently amusing 70 invite 'he a.
tentiop Of our readers 70 theif o"h7"o'1"D"-
A,d Ia, For much Of the specie received from
- lie nsst ] 2 months We are indebted % the
- T,easurv" And pray how DID Il cause the
80 In Ireland aud the short crops throughout
Va,ope and was II also the Occason'ci our Donnu-
fol crops the season the saieoi which brought
n. the specie Oh no. bat "in 1895 Wheat was
y 20 per busbel 10 Nex-York and or supply was
,noorted from England Had the famine IA Ire
aud come IN s35 America could not nave exported
barrel OF -four" W ell wonders will never cease.
We imported our supply from England and mere
fare II there bad been a famine IN Ireland y.
should not have had any Hour 70 export. lruly
this il great discovery, and we wonder DO longer
that the dscoverer Is convert % the sub Treas
nv "a il ia evidently owing 70 the concentration
Of wisdom developed in that law that famine dld
come Ina ireland when we had -four 20 sell.
3D. The apprehension Of the Sub Treasury The
past FIVE years has turned the attention oi me"
from specializing % industry causing them 70 iehFe
spec1sfng in lands and 20 engage IN theh ouitiFs'
/ tion. This has given cheap bread IN aDund-
snce. e." We should like an Introduction 70 the
b,ker Of the convert Aforesaid, for really ours,
! 0bstever other offences he may be guilty o. has
not for long time been justly liable q the charge
I Of selling " cheap bread, aud We DO not wei see
/ how he could be, when. until recently. the plce
Of -four has ranged from g 70 80 per barrel
81. IL has been an ample protection 70 our man
uiacturers Il has kept down the prices OF "a"
material and made bread cheap. which Is the best
foundation on which our manufacturers cancompete
with foreign nations II cotton ut Is or IA cents
pound Is cheap, we would thank this convert 70
| inform rs when il is dear. Cheap bread and cheap
material are the foundation Of tins ample prOtec-
ton" and backed up as they are by the important
Information that the present cost Of production
would be doubled flour cuueDcy should be SyVcienf-
| lv inflated, the italics are our own we can no
longer doubt that the Sub Treasury IS cure Tor al
/ " the ills that flesh il heir 70 "
4th 1T is an nfallible regulator Of our imports
/ We thought the SUD Treasury men were IN favor
ofleavine trade 70 regulate Itself bot here ~ Pew
argument How opposite and cogcnt may be
/ Judged from the fact that we nave imported more
/ goods under the SubTreasury than we did With
| out 10
There are one or two other points Of incidental
advantage set forth IN the article under consdera-
ton but " shall pass them By. referring ocr read
ers If they have any curiosity IN the matter 70 the
article itself The closing remark. however Is
worthy OF attention " After year or two more
our exports Will be great that money will never
again be worth over ige per cent per annum ex-
cept during panic, and that must be OF very short
duration.
/ What happy state Of things is to result from
the beneficial operation of this much dreaded but
/ harmless monster. Money is to be cheap-bread
cheap-rav materials for manufacturing cheap
people are to quit speculation and earn he.r vei'-
hood by honest industry. Manufactures VIII Hour
ish. commerce will be benefited the agricultural
will prosper aud the laborer will have his reward.
We shall have no more bank expansions. no more
ruinous fluctuations of prices We had almost SAID
no speculations in breadstuiis or fancy stocks
Verify we are a great people-at least we shall be
Z" after a year or two more
We have read the article in the Post with the
conviction that the editors have allowed them
selves u b. quizzed, for surely individual hon
estly entertaining a favorable opinion Of the sab.
Treasury would resort to arguments so extraor-
binary and inconsistent 10 sustain II. H. however.
w are wrong IN this idea-and We must admit the
possbity--we beg leave in all sincerity to wish
the Post oy OF its convert aud recommend the
editors To- make much Of him, assuring them that
he is beyond all doubt n avis an original OF
the first water. y. y. Com Adv