New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-24

hands Of the money-lenders who hsve thus sccumu-
lated vast fortunes at the cost Of the useful portion OF
society. Such was the case in lo4-i2 70 profi-
eious extent Ii was the case, too in l-jp, before
the mines Of California had come to tighten in some
degree the burden of the tariff of lao. 1t is 40
now. when stock in the be. roads OF the country IS
selling at a loss Of - 81, or a. per cent.-wsen
bonds bearing large interest are selling at
discounts, and when roads that greatly needed
are stopped because Of the difficulty of procuring funds
with wheh to pay the hands or buy the iron.
Under such circumstances what is the chance for
new roads BIT little, as We think; and yet there
are thousands and tens OF thousands of miles hat are
greatly needed, and that would be made, could we
but oace determine to step the leak through which
oozes out all the gold OF California and thus enable
the men who have made roads to hold their property
and aid in the construction eff those yet remaining 20
be made Nothing of this kind is. however, proposed
10 be done. The men who lave served the public
are to be crushed for the benefit of those no have
done nothing but lend their money good security
and wait for the turn of the tide. And yet with
this example before the public, southern and we.t
EN- friends seem 10 calculate confidently that the!
can only pass their bills they will speedily find
new set Of dupes 10 aid them in obtaining money, and
then in their turn TO be crushed as have been those
before them.
The making of new roads and the finishing of many
that have been begun depend entirely upon the state
Of the money market and that in its turn is depend
altogether upon the continuance cessation OF the
drain of god-snd yet very many of the men most in
terested in these work. steady suppOrtero sys
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current and thus to destroy the value of all existing
securities while raising the rate Of interest to the
great advantage OF the mOney-ender. 1t Is necessary
az we have said. TO raise tho dam which even yet
holds some of the gold, but the road makers are
almost everywhere at work 10 aid in lowering 1t.
The firm of VntoD, Ashmun 4 Co are it is under
stood to have at least half million of dollars if they
can succeed in lowering it by single course OF tim
bers go as to permit iron to ill., and gold to flow
out more easily-and yet all the difficulty now ex-
perienced by the makers of roads results from the
fact that already low that it permitted the
gold to pass out before performing the slightest ser
vice. The firm of Marcy, Pierce n Co. is, il is I'M
derstOod, TO be supported in making hole at the foot
Of the DAM and thus producing state of things that
will cause Us to buy our food now buy our
cloth and IRON paying for it now pay for the
Others, in gold TO be used in the purchase for Cana
dian uses, of British cloth and British iros-and the
men who are to grant that support are, to great
tent interested in the construction of roads that
never can be made until shall have adopted a sys-
TEN that looks to the promotion Of the interests of
the borrower and not exclusively those of the money
lender
BY the Sham Reciprocity Treaty now before the
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be admitted from the Provinces free of all duty