Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1852-04-08

annual dividend. or interest, taking 60 much more
ont of the country And further, it should be
recollected at under the present nd rdlorem sys-
TEN Of valuation, great IL the laNity ana cor
rnpiion with regard 70 oa'hs, so great the temp
tnton to fraud, that the Imports sworn to at Gus
tom Houses, are no criterion OF the real value OF
imports, or of the amount of money we shall
have to pay for such imports.
As 10 the gold of California. Notwithstanding
the high and sanguine expectations OF advanta-
ges derlvabe therefrom raised in many minds,
we must confess we have always had doubts and
apprehonsions. Where in the history otnauons,
5 the record Of any people deriving great ulti-
mate advantages from such source' Look at
old Spain and her glorious E DorGdo of the
New World What expectations were raised
what glorious destiny was before her, on the
discovery and conquest of American Grandeur
Unparalleled, and bonndless wealth were hers
| Her mobiles, her commons, her plebians, her sol
diors her sailors, all eager for wealth and splen-
dor rushed to the FL Dorado. a rich. but poor
monarch of Mexico was seized and made pris-
oner. and spacious room was filled with solid
I gold exacted for his ransom. 7 he gold was Civ.
en- for the ransom by his adoring subjects, and
the hapess monarch was then betrayed and muir
dered. and his realm and all its wealth taken pos
session of BY the Spanards. The mines of Mex
/ leo alone Exclusive of those of Chill, Peru, and
all other South American Colones) yielded to
Spain for many years anannual revenue OF SIS,
100000 Agriculture. the Arts, Mechanics, and
all other branches of industry, were neglected IN
Spain. labor was deemed not only undgnlted
but unnece ssary For why should men labor TO
raiss provisions, or manufacture aught they wish
10 wear. when they bad gold enough to buy all
they needed? But what was the final result !:
Answer: general Incidence, eleminacy, vice,
corruption, and immortality ensued: and from
having been one Of the most powerful, honored
and influential of European nations Spain ha'
sunk to be one OF the poorest most degraded,
unhappy and miserable Kingdoms of Europe,
stripped Of every Colony ON this Continent re-
duced to poverty torn TO pieces with civil wars
land dissonsions, and on the brink Of ruin
And, / ask, have we not reason to take warn-
ug from her example, and to fear similar results
from similar cause with regard to California
and It's gold. flour agriculmrisis forsake their
fields, our arizans, mechanics and manulactu-
rcrs their shops and rush by tens and hundreds
of thousands to the gold regions to get suddenly
IUch--f all the former interests are neglected
for the latter and We bny of foreigners all we
consume and wear, will not similar incidence
I, cfinmiuacy, vice, extravaganza and corruption
, ensue z Shall we not lose the skill and power
of producing become tributary to foreigners ioi
4 the neeessares Of life, and finally sink 90 leye
u with old Spamf I lac genius of our people and
; Institutions allow, is somewhat different from
y hers, and may for time avert or put of The ev
. is she has suiered; but we ought betmes e
e take heed and be admonished, not to follow IL
C. her footsteps, lest involve ourselves in a sim
d liar destiny.