New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-06-22

y;u,oo. &C that we we're building all over tne
country What business had croakers ana no'"'
backs in this go-ahead country -, ..
W,u. the string has been stretched tiii "
snapped and nov We are said to have har' i''','
bcausc we cant run any deeper in debt Europe mas
m mare money TO lend having use for all her o"''
c,uital in the costly aud wsstful war now wae'ns
and instead of lending milonsper month Is draw
INC upon IA for back balances aud for the hea'! q"
crpiug interest on our debt She will not even ioH
ne Iron. except to u limited extent, and if We want
V;,cs Inccs silks and Bronzes, we must pay iol
them. Hard. sour unpoctca reality this PAYING
most mike the roscate flush the eXhilaratng poe1r!
Of narrowing: bur is a wholesome reality notwith-
standing. We could not have gone on borrowing lot
ever; and It is well that are brought up Win
round turn while we can be without being jerked OH
our feet OF course, some Railroads that ought 70 DC
constructed must stop for want OF funds ana nia'!
farmers will have 10 postpone improvements tha' Inc!
would prefer to make forthwith, while any NUMBER VI
comfortable mansions and luxurious residences VIII
have TO remain unbult for years-perhaps forever
but il is better 50 than otherwise Clerks VIII not nc
transformed into merchants SO rapidly as they have
BEEN and merchants who might have failed for nan
Million if the urh times had continued, VIII nave 10
content Themselves with vulgar snobblsh Smash ior
psltry hundred thousand. good many city io'S
will remain unsOld at the generous prices anAeu u
item BY sanqune SPECTATORS and lads who nave peen
drinking choice brands of champagne with their an
ners and smoking chilling cigars through the day VIII
hsve TO content themselves with sixpenny brandy
and cheaper tobacco: but they will survive tha'-or
would, at least if they were brought down TO no
liquor and tobacco at ali.
OF course. Stocks are low not because they are IN
trinsically worth less than they were year ago. but
because there is not monty enough 10 carry them al
their actual value Money must somehow be had 10
pay debts abroad and buy articles that we must sun
have in spite of the hard times OF course, the Banks
shut down" on their customers, as duty and neces-
sty combine in requiring them to do. They have no
more power to make money abundant than maker
of barometcrs has to produce soaking rain IN dry
weather II is their first duty to take care that they
shall at all times be in condition to meet their own
liabilities; after that if they have any thing over
let them lend il as fairly and benefcently as they
safely can. OF course many merchants. land specu-
lators and otherpeople who involved in debt, must
fail: but that need not kill any body The radical dis
ease of our time is the universal aspiration to live by
something ciet IMAM lSnpVi. an" !" ''''N~
Millions of People uN crowd into cities, where there
is but recommending business work fer Two Mil
lions One Million must be starved out, II they VIII
not 90 out until starvation conlronts them This ope-
ration is going and though severe In the pro-
cess it must prove wholesome in the general result
We therefore are not among the croakers at pres
ent We believe matters are so shaping themselves
us to ensure better times and more money at no distant
day. Our farmers have large area covered with grow
ing crops and in spite Of local failures. the general
prospect for the coming harvest good We have more
men engaged in filling the earth than we ever had
before and though prices must fall considerably after
harvest we have so many TO feed and 80 short stock
left over that the prices of most products must
rule high for at least another year We have laid out
a great deal of money during the two three last
years in proving and opening mines improving water
privileges building factories shops, &c. and,
though some investments have been injudiciously
made and many have attempted undertakings far be-
wound their means. and must be crushed by them'
yet the property all remains aud viii be turning cut
Iron, Coal, Copper Steel, Zinc, Cloth &e.' @c''
in an increasing ratio through coming years, and
thus diminishing the heavy drains upon our resour-
ces to pay for rival articles hitherto imported Doubt
less the pressure will continue for months yet, unless
the European War should mean tine be closed; for
we have still great many hanging about cities in
fruitless quest of cerkshps agencies, business as
lawyers doctors, DC, & C., who ought TO be breaking
up Few prairies in Iowa; but the tendency Is in the
right direction, and those whom remonstrance would
never affect are gradually yielding to Necessity stern
mandate. Let us be patient, careful, frugal, then,
and every month will bring that happy con-
diton in which we shall not care whether Consols
are q or 7c and may foreign credit suddenly
cut off without disaster or apprehension. Things are
working right