The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1854-02-08
fsss : For the sp;rit'of Democracy.
Banks and Currency. 3I

Mr.. EDITOR-An0ther great evil attends
ths effofts OF our banks of circulation, as
afpfesent constituted They are the bane
and the destruciion,of our MANUFACTURES.
No 6oIhlsS can. fully develope lis own re-
SOURCES, or enjoy all the advantages Of its
natural car pacity Tor the creation Of wealth.
without a division Of labor. The s',tk'f farmer
il avery moor customer to his brother far
met. They are rivals engaged.i in the same
pursuits. But the blacksmith, the halter.
she shoemaker, the house Joiner, are the
valuable customers Of both. Suppose a
disarietsof country to, contain eight hun
dred families, allfengaged in agriculture.
The few handicraft tradesmen. and pro-
fessiouel men scattered amongst them can
consumssbut small part of their surplus
prodics. As,that surplus consists chiefly
of large and bulky articles, grsss pars'
Of the price is spent and lost in The trans
portaiian 10 distant markets. Agreat nqm-I
Lsr 81 small prodActs s,of The garden. the
ofoHsxa ana'the dairy, are entirely neglect
ed or only cultivated IN sufficient quantl
ties for the producers own family con-
snsspaion. Industry, in such communi-
,y.Sstails s.of obtaining its well merited re-
ward and sinks into partial discourage
ment. Perhaps no obstacle, short Of uni
yersal an archy and confusion can prevent
communitys from making some advances
in sike accumulation eof wealth. But a
mere agricultural community is always
comparatively poor, and is always abso.
lutely poorer, very much poorer, than with
the same soil and climate, ii would be if il
pcssesssd manufactures. Accordingly our
eight hundred agricultural families thus
situated will find their gains but small and
their labor badly rewarded. But if four
hundred other families, ! engaged in the
Manufacture Of iron. woollens and cottons,
can be Induced 10 move in and exert their
industry amongst them. the face of things
almost instantly changes fer the better
Towns and villages filed with industrious
and enterPrizing people spring UP rapidly
These people stand in need Of everything
which The farmer can produce. Not onl,
the large articles such as wheat, corn. bee
and pork, 6u. all the projections OF thu
gafdsn, orchard and dairy find a read.
sale, al Gberal, prices. The industry o
she farmer being now well rewarded i'm
proves. ike every other human quality, ..
the encouragement it receives lie be
.comes skiilful, enterprizing.. energetic
iThis commerce is equally advantageou
10 The, manufaeturer. His,inPustry is ais
literally and the whole com
1nanf,y usskestrapid advance in comior
wssl.hf and opulence. ADAM SMITH, tn
.Erst, greatest and best Of philosophers,
Gully impressed with this view Of the ma
ster: .t3sks ssae
ss,ah isths great multiplication Of the pr
sdnciions " all the different arts, in cons
uuence of The division Of labor, which
casions ia we'll governed society, tn
ansssss = is 49,, of the neonls Veal
Of Nations. page 5.
AGRICULTURAL districts situated on I
banks ,of great nayigable rivers. or ne
.,rest roads,. maysexperience some mitig
con Of The evils arising from the absen
Of home market; but asrs nothing can i' COZ
ple,ely compensate e people for the wa
onihais market. The county Of Monr
asnnually sends several thousand hol
heads ot tobacco to Baltimore and Phi
.dsiphia, The transported such an arli
is very costly bu. i, neither makes the
sbacco beiternorlworse- Itmust sell.ihe
fore, in Ph,ladelphia, for the same price
tobacco Of the same quality, raised rails. in
immeaia aia vicinity The price Of thisle
eirsnspor, isga clear deduction from the hi
4.afni,,ss ofs,he farmers Of Monroe. 10
mention this this as rsa an illustration. Moreo,
the distance, from marke, renders the P
:a.n,ion Of, poul,ry, eggs. butter, and G