Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-06-10
NEW YORK coRRESP0NDENcE.
NEw YoRK, MAY 80, 1915.

New YoRK, NAY 80, 1915.
When The earth is almost deuged with book publications
that useless and large portion of shem worse than
less work Of real value often makes slow progress in
tracing public attention. A work by HEsRr c. CAREY,
son of the late Mathew Carey,) entitled ''rhe Past Pre-
sent and Future published three four months ago,
appears to me under this category. 1t seems
be work Of ability and decided merit full of thoughts,
Suggestions and philosophical reasoning, Of great value in
dvdua, society, and to nations And yet il far
to have been but little noticed have not studied it so mi
nuey TO venture opinion that nothing in its reasoning
may be found to be erroneous hut say appears
view Of the whole vexed subject Of
political economy than have before with 1t overhrows
Rcardos theory Of Rents which has prevailed England
for the last forty years and if does not entirely remove, it
indefinitely pospones all approximations Of human calamity
from the theory Of Mahus population
Ricardo the fact that the best and richest soils
the earliest cultivated AT first they command but
when population increases and land Is brought into use
the soils Of second quality begin be cultivated and then the
soils Of the first quality will begin TO command rent in pro-
portion the they yield to labor above the soils Of
second quality. Again, land is wanted and soils of
third quality brought into Then the rent Of the first
quality rises, and the second quality also begins command
rent, and 50
Mr.. Careys theory is directly the Of this He de-
mics the truth Of Ricaros assumed premises and, overthrow
ing his premises his conclusions necessarily fall Mr. Carey
says the poorer soils the first cultivated that in the in
fancy Of society," without the aid the arts is unable
to clear away the heavy growth from the rich soils and
drain the productive ow-lands and compelled betake
himself the sides and palms. where soil Is light ard
thin and the growth easily removed and there with
rude implements scratch the surface Of the earth for scany
subsistence. As population increases and improve and
nf
gradual and the Of the better soils the rich
valleys occupied the heavy growth the strong soils is
removed, the lowands drained the soils mixed, the
mari and the lime brought into and at last the best
soils reached and the highest of cultivation produced
Mr. Carey proves by conclusive of reasoning, that
this necessarily be and adduces nnumeahe facts to
show that and has been in all ages and all countries
The whole book strong argument in favor of industry and
the OF peace, and against the devastation and desoaon
OF war. have marked several passages in turning of the
volume which may refer again. quote here, hav-
ing reference the wealth and power of our country
eli the view have thus offered be correct, be-
eve be- will be obvious that the people Of the United
States have done in commerce they have elsewhere DONE
that they have engaged OF any description
cept sedetence The author another part the book
also excerpts the present Mexican The consequence of
this the great TACT that the poor and scattered coons OF
years constitute the weahest nation LII The
world They have accumulated Within very he period,
larger property than possessed by the United King
dom, [a Great Britain, the weathiest community OF the
hemisphere. They make larger dividend larger
capital and that dividend made among twenty millions
whereas that OF tie other is the portion Of twenty mil
lions The consequence Is that they better fed, better
clothed better lodged better warmed and better taught than
any other community Such is the result of peace abroad
combined with abstinence from interference home.
o many the correctness OF this assertion OF The superior
wealth OF the Union may appear doubtful but little exani-
nation will satisfy them of its truth That OF Great Britain
appears GREATER because centralized The Government
borrow money readily but that it do only
evidence capital invested fast produced
that stagnates which does except where there
in the system. At period during the last sixty
years she poor in 1879 and YET no period did
the Government make larger loans readily.
. In the history Of France constantly struck with
the facility Of obtaining loans while the country appears
in of universal misery and wretchedness. That
misery the result of axation by which the
few enriched and they always ready lend TO the
party by whose aid their collected. The people
poor and miserable and property too insecure,
permit the existence Of demand for capital and there
fore that the Government could borrow FIVE per
time when failure 10 the payment of interest matter
Of frequent occurrence" Bat this s a evil
dence Of poverty, and not OF wealth.
Of thousand thousand men, hundreds of
thousands each occupying farm Of fifty acres, scarcely
will have, any tune, thousand dollars to lend, because
each GppryprateS has prols fast as earned 10 The i'm
propemeHt Of his farm bringing the better soils into
operation Had they landlord they would be steadily
gdged lnaI Wncn Noulu oInetNtse
promptly have invested and renlday the proprietor might
have s20 600 $50, 600 lend Government But the
fertile soils would remain inactive, unless he chose TO make
them active and he might not choose H. Had they de OF
hundreds OF millions, quaerday would see accumulated the
large required FOR the dividends and would then rest
with the public tors determine upon the mode OF D
vestment and governments would borrow without difficulty
Whereas had such debt existed, each workman, each
aborer each farmer and each manufacturer would have in
vested for his advantage fast il made the
amount that otherwise he would have contributed TO this fund.-
In Great Britain boh these Of disturbance may he
found, and hence she appears richer than she Is while IN
the United States neither exists and hence they are richer
than they appear And the rapdy 4 increase where every
invests the instant and his property, his other
wise spare labor surplus proceeds Of labor prodgous
as to defy calculation They are now the weahies
in the world and their annual accumulatons are at least
double those Of Great Britain and Ireland, although their
average expenditure greater They spend more and yet
economic greater proportion Of their earnings than any
people in the word"
CRUEL RoBRERT.-Three immigrants were robbed on the
nj ~ insa ths Atmiral-Mrs