The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-23
THE COAL uEAvERs ON A srRIKR.

ID. d. Wright. VIM Boariman Jun.
THE COAL HEAvxRs ON A srRIKR.
About fifty of the coal beavers employed the Collins
line OF steamers assembled Thursday last the wharf
at the foot OF Canal street and after brief
among themselves determined to strike for the rate of
wages which they had received previous to the reduc
ton they we're addressed by several OF their leaders,
who called upon them to stand firm in the position they
had taken, and that they must eventually succeed.
They spoke also of the high rate Of rents the price
provisions AMI of the difficulty which they had in these
hard times to make living for themselves and families,
IL feared at time that there would be quarrel
between the beavers and number Of men who had been
employed in their place at the reduced but foru
natey the meeting terminated peaceably. Several Of
them II appears have gone to work at the low rates,
being unable TO stand out.
DISTRESS AMONG THE POOR OF BROOKLYN.
The oce of the Superintendent Of the Poor is crowd.
cd daily with applicants for aid Of whose faces
to be there every winter whether the times be
good or bad; but there also many others who are
forced from the pressure of circumstances to solicit
aims thus publicly for the first time the only alter
native 10 keep them from perishing with hunger and
the cold.
Coroner Ball called at house in Partition street yes
day previous The parents live in garrett and every
appearance indicated that they in the most dis
tressng condition for want of the necessares Of e
The child it appeared, had died from want OF noursh-
ment and the cold and verdict rendered accord
nely The situation Of the family being made knownto
the neighbours they brought In provisions and fuel for
their immediate relief.
MACHINIsTs OUT OF EMPLOY.
The Boston Journal understands that the proprietors
ments IN Fat Boston, have noticed n. emneses thn
their services would not be wanted after the next
week large order for machinery which this estab-
lshment bad from the South, has been countermanded
and hence the dismissal Of the workmen.
DONATIONS TO THE POOH.
The City Commissioner OF Hartford, Conn, says -
The poor had some valuable gifts presented them
goods merchants sent me about three hundreds yards
Of cloth suitable for winter together with fifty
dol in cash. Others presented money and eaables
REDUCTION or WAGES At THE cHARLEsrowN NAVY
An order has recently been received at this yard for
curtaling the wages OF the mechanics employed about
eleven per cent The exact rates to be paid by the
scale not yet known. First class carpenters
receive 81 so instead OF 81 70.
THE HARD TIMES.
From the Buffalo Commercial Advertiser. Dec 90
Those who lack patience or capacity to investigate
subject ID all its bearings and yet feel the necessity of
having opinion, to adopt the cheap method
Of catching up sided view, mounting il as a
hobby and insisting that all fools knaves who
not minded as themselves. II is convenient
for Light minds that cannot carry very heavy weight
to have small portable opinions 1t is easy for those
who cannot analyze complex result, to put in their
tiny scissors and clip out of the threads of the
plicated knot and then asseverate, in sort of slam
bang style, that they have united it.
The present commercial distress is problem of which
philosophers OF the onedea school profess to have found
the solution, The cause and the remedy have fortu
natey been discovered without turning aside hairs
breadth from the well-worn rut in which their minds
have been revolving for years, and the ready made
theory which they have so long had hand to account
for all possible business disasters sanda them good
stead without even the trouble Of slight vamping
The Cayenne pepper DOCTORS who traced the origin Of
every disease to cold could be at loss in tell
ing their patient what allied him, and why should they
waste time in careful attention to symptoms, when
the only treatment resortsd to lobea and the
steam box And why should not our political quacks
get the start Of all the world in assigning the
commercial revulson when their whole stock of
is limited to onef
Whoever would understand the true nature OF the pre
sent emba-rass must first attend the facts. To
bring them all into view, and determine the precise in
auence of each is task not easily accomplished but
some are so prominent that they readily present them
selves to the most hasty glance Let attend to
two OF them
is general fact at all times true in this country
that our realized capital insufficient for the deveope
ment of our resources. Any robust, industrious
can in few years become the owner Of excellent
farm in the West if he get the OF little capital
to start with If he can hire money TO purchase land,
animals and Implements such is the fertility Of the
soil that in a few years he may pay of the debt and
become independent. His success in lifc depends
upon whether he can borrow, and whether his ere
di,or will have patience and leny to allow him all
the time he needs. He could get ON IL he should
first earn money to start with, but much slower.
Such person we have described is representa-
condition Of the country. We have vast area Of rich
soils which stil await the hand OF the cultivator
Of 70
the earth routes marked out by the hand of
nature FOR roads and canas that would assist 10 de-
velope these other resources We have not, and shall
have for the next two centuries amount Of
mua,ed capital at all adquate to the uses which il Is
wanted. Hence, it will be necessary for long period
to come, to borrow abroad on time If compelled, at
any time TO pay before We can bring enterprises to
besr, the effect would BE- runous, fast as western
the next year after fencing his farm and erecting his
buildings The Erie canal was built on credit and was
good investment but had been necessary pay the
whole debt within the arst five years after its compile
tion that enterprise would have ruined the State.
This general and, for the present, permanent conf.
ton Of things, resulting from the of the coun
try is Of the great facts tina. should be lost
sigh; of in reasoning on our monetary affairs. grca
deal of the defamation hear about foreign in
debtedness to overlook this fundamental consde
ration.
For few years past the influx Of gold from the new
y discovered mines, the demand for breadstus in
Great Britain and the trade which has sprung up
with the coast of the Pacific have given powerful i'm
pulse to BUSINESS and as generally happens in times
OF great prosperity when money plenty and credit at
its good tide the spirit Of enterprise overlapping sober
and sectional bounds hurried away into great deal
Of oycrtrading and OVERRIDING Large dividends BY
svoraby located railroads. created and fostered the rail-
road mania, which has been correctly assigned
principal cause Of the present financial depression.
Such the condition of the country at the breaking
out Of the European Independent Of the operation
Of any exraueous circumstances ovcrtradng tends to
produceSa commercial revusion. Under any circum.
stances should have met with check by the mere
natural operation Of the laws Of trade Occurrences for
which we are not responsible fastened II. and augmen ted
the force Of the blow Our foreign creditors are for the
most part English capitalists. When the war broke
ont that country needed her and her capital
for other purposes than to lend to her Atlantic cousins
The stream Of capital which had been flowing Into this
country interrupted and diverted As III luck would
have IT, another event. having connection with this
except coincidence in time occurred to enhance its in
duence. We refer to the drought which disappointed
the hopes OF sgrculturalsts IL has left painful
evidences of it's extent and severity in the present prices
Of provisions which exorbitant in spite Of the pen
tu harvests of Europe, which abated the foreign de-
mand. If the millions thus lost 10 the annual revenue
Of the country had gone abroad to diminish the weight
OF foreign debts the present crisis would have been
dissrDed Of much of its severity
within tho last few days, We have seen paragraph
going the rounds in the newspapers relative to Eastern
merchants their agents who had been west collect
ing tours, without realizing enough to pay their eS
penSes. They found property, but OF ayment
Money wanting. In analyzng of this Kind,
j. only necessary to consider what became of the gcois
for which payment demanded. From New York
they went TO the shelves OF the country dealer Part
them remain there unsod because the short crops Of
the farmers did not allow them to purchase usual
The sod on credit. before the commence