New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-12
HIoney and It's Power.

Nothing is more remarkable, in the pres
emit aspect of parties in England, than the
deep and constant interest which the con-
servaties profess to cherish in the welfare
of Labor. To hear these modern descend
ants and representatives of the plundering
barons of the middle ages, one would al
most suppose himself in the midst of So
cialist COhventicle, with such mixture of
vehement zeal and practical sense do they
declaim against the domination of money,
the depression of wages, and the starvation
of the poor. All this is natural and encour-
aging. 1t is natural, because the old feu-
dal aristocracy and landed proprietary,
finding themselves in the minority, and
pressed rapidly toward the verge of de-
struction by commerce and the power of
the money! bag, must resist TO the last, and
raise such cries of distress as tn despera-
ton of the moment may suggest. tits en-
cOuraging, because it recognizes the force
of new principles, and the value of new in
terests, which are now rising into promi-
nence, and are destined in their turn to rule
the world.
Nor do we suppose that the British Con-
servatives are insincere in thus cOntending
for the masses and adopting radicalism into
their creed, even though they are careful
not to adopt any part of it which initiates
against their own privileges and position.
1t is true, we have not yet heard from any
of their accredited organs an argument In
favor of Universal Suffrage, an admission of
the native Right of Manto the Soil, nor any
statement of the outrageous and impiOus
wrong of Land Monopoly. This was not
to be expected, for it is by Land Monopoly,
handed down from their robber ances-
tors, that they live and have their be-
ing; it is that Land'Monopoly, which, with
desperate efforts, they are struggling to
preserve. But seeing that the revolution
airy onslaught of the new financial aristoc-
racy, working by means of Free Trade, is
not only depriving them Of their wealth
and importance, but impoverishing the poor
and beggaring and starving the laborer at
the same time, they march all their forces
against it, not openly in behalf of their
own cause, for which the world cares not
acopper but in behalf of the more numer-
GUS class of sufferers in whom the whole
world, either from necessity or conviction,
entertains an anxious and increasing interest.
Whoever has read carefully the leading
article in the last number of BlackOoOd's
Magazine must have been struck by this
combination of toryism and radicaism.-
The article is evidently from the pen of the
veteran ALISON, and is marked by all his
ability and skill. 1t is entitled The Cur
rency Extension Act Of Nature, and aims
to show what beneficial influence the gold
of California must exercise throughout the
world by keeping up the value of labor,
and keeping down the tyranny of money.
But incidentally the writer puts forth ideas
Of quite far-reaching nature, which, sound
as they are, We usually look for in a very
different quarter.
The precious metals having been fixed
upon as the universal medium of ex-
changes, it follows that the amount of ex-
changes which takes place in any commu-
nifty, and, consequently, the amount of pro-
duction, the activity or non. activity of la
Dor, and the prosperity or decay of the en-
tire community, must depend on the abund-
ance or scarcity of these metals in circula-
ton. Where they circulate in abundance,
everything thrives; where they are want
ing, business stops, ruin seizes on all