New-York daily tribune., 1854-07-17

becomes more easily obtained, and thus, as
we have said, the whole community prospers except
the single class Of men who have money TO lena anu
are accustomed to rejoice in whatever tends to enable
them to foreclose mortgages and purchase properVH
reduced prices or lend the proceeds on or
two per cent per month. With every dmnuton 10 the
ouspy of money to be offered in exchange the reverse
effects are sure TO take place Trade stagnates, aud
tho demand for labor dies away. The aborer ceases
70 no able "a purchase food clothing or to occupy
bor,es s,d nrices fal-Jm the rate Of interest rises
and now the moneylender rejoces in his power over
hs debtor and the sheriff executes his commands to
transfer to bis possession the whole property of which
be had already received of its occupantwho has the
misfortune to be poorhalf the price for which it had
been sold Our readers may ydetermne for themselves
whether or not this is true statement Of facts and
whether or not correct in saying that it is plain
common sense that leads the multitude to rejoice in
the import of gold, and mourn over its export.
IT. however, they viii consult the journals that live
by teaching political economy and pro-slavery free
trade-as, for instance, The London Times and
our own Journal Of Commeree-they will find that
common sense is in error-that the people do not
know what is good for them-that they prosper more
by parting with the gold that they cannot either eat
or wear in exchange for the food and clothing that
tbev can nconsume-and that they should, therefore,
oice rather than the departure of the pre-
cious metals. When, however, they proceed step
further they find that The Times proclaims to the
people of England that better times at hand, for
the exchanges are turning in favor Of England, and
the drain of gold about TO cease, and The journal Of
Commerce repeats the strain assures its readers that
the stock of bullion in England is increasing and that
therefore money is likely to become cheaper, while
railroad bonds will become dearer-a state OF things
ardently to be hoped for by its readers. They blow
hot and cold with the sane breath using set OF
words for their American readers who are to be mis-
led to the adoption of proslayery free trade, and
another when sheer necessity compes them to speak
the truth. Their course is one of perpetual incon'
| sistency
It's ouit. true that men can neither eat gold nor
use il 10 cover their limbs but this is equally true
with regard to railroads and yett would be difficult to
persusde farmer that since be could neither eat nor
wear his road he might as well ex hangei for some.
thing else that he could either wear or eat Both are
useful for facilitating exchanges, and the more abun'
dant they are the more rapid will be the movement
the lower viii be the rate of transportation and OF
interest-the higher will be the prices of labor and
|
community with the exception, as we have already
ssid. of that class of the community which now EN-.
Joys the special protection of the Goyernment-the
money lenders. Diminish the supply of either and
everything changes to the opposite direction In
proof of this, we beg every reader to compare the
existing phase of things with that which existed but
year SINCE Look where he may, he will find men
steling employment and shop keepers seeking pur-
chasers for goods that those men would be glad to
consume if they could obtain the means with which to
purchase them. He will find men wanting houses,
and many housesto let-farmers wanting roads and
men de srous TO make themand yet the labor cannot
be sold nor can the goods be boughtthe houses can
not be rented and the aborer is forced to crowd his
family into single roOm-the roads cannot be made
and the road makers are dleJecaasc money is scarce
Why ia it scarcel For an answer to this question
we beg to refer him to the following statement fur
nished by document recently submitted to the Brit
ish Parliament of the exports from Great Britain to
this country in the past few years:
,o~-