Minnesota weekly times. [volume] (St. Paul, Minn.) 1854-1859, 1854-12-19
THE CRISIS,
Under this caption the N. Y. Tribune makes
the following Just and timely remarks: or . :

| Under this caption the N. Y. Tribune makes
the following Just and timely remarks: 5 l IS. 4
| The cry of Hard Times reaches us from every
part of the country. The making Of roads, 4
stopped, and the road-makers, deprived of wages,
cannot buy cloth or shoes. The building of houses
is rapidly coming to close, andwill be absolnte-
ly closed as soon as those in course of oonstruo-
ton are completed-for of them, there are few
that could this day be sold except at loss Of
twenty or thirty per cent, or perhaps much more.
Thence forward, the carpenters, hricklaycrs, and
laborers will be in the same condition as theroadA
makers. The building Of ships must stop, for
ships can only now be sold at enormous loss, and
thenceforward the shp-builders will find it as DIFF
fcult to purchase clothes rs the road makers and
The stoppage of the power to purchase on the
part of these men will stop the factories, and thus
will paralysis 90 on, until it will have embraced
every pursuit in the country. OF printers alone,
there are now is stated mot less than 500 in this
City out of employment, with;a fair prospect of
seeing the number largely increased--as men who
cannot sell their labor cannot buy books or news
papers. -, -. :.
to be found in the steady outflow Of gold, to pay
foreign laborers for the cloth, the Shoes the iron,
and other things that should be productivity Amer
lean labor, but which cannot be so produced un-
der our present revenue system. If we could stop
the import of the foreign articles, the gold would
cease to flow out to pay for them, and money
would then again become more abundant labor
would then again be in demand-shoes, clothing,
and other commodities would then again be in de-
mainland men would then cease to starye in the
streets of our towns and cities If it be not stop
ped, the gold must continue to 60 abroad, and en-
ploymcnt must become from day to day more
scarce, until again we shall the time when, as
was the case in 1912, men shall be everywhere
crying: s.Giye me work! only give me work! make
your own terms my wife and children have moth
ing to eat !''o IN : $50 -, "a n I'm
1t is time for laborers and mechanics of all
kinds to look into these matters for themselves
If the gold should continue to flow out at the rate
of q million week, heresut must be, everywhere
through the country, ruin to the employers, and
poverty and distress, even if not starvation, to
those who have heretofore been employed. We
are now but at the commencement of paralysis
that threatens to equal if not even to exceed that
of the last period of British trade, and whose
threatenings must be realized, unless those who
have labor to sell will exert themselves in the ef
fort to produce such change of policy. as will
keep the gold at home for the payment of Ameri-
can aborers, instead of sending it abroad for the
payment of German, French, and English labor.
10 our mind this matter has always appeared
very clear, and were it not for the binding effects
of party prejudice think it would be equally SO
to all. That the nation that buys more than she
sells must soon become bankrupt, is just as evil
dent as any other inevitable conclusion. There
is no difference in this respect between nation
and an individual, the result will be the same in
either case. ot
The President and Secretary of the Treasury
both recommend the revision of the tariff, with
view to areduction of the amount of revenue rails
ed, which has for some time past exceeded the
wants of the Government. Though we do not
think the state of affairs complained of by the
President will be Of long duration, as the imports
must of necessity diminish for want of money and
credit to buy, either at home or abroad, still we
have no objection to revision of the tariff; it
may be made better, and cannot well be worse.
If a revision is undertaken we hope Congress will
treat the subject in national and not partizen
manner. The free list light be increased by pla-
cling upon it many articles that do not come in
competition with our home manufactures, or our
agricultural products, but are essential to their
use; and the amount of revenue needed by the
Government should be levied exclusively upon
such articles as come in competition with Ameri-
can labor, be it agricultural or manufacturing,
for each is equally entitled to the protection of
revenue laws.
Wehave hopes that the present congress, though
overwhelmingly democratic, will take rational
view of this subject and not do as they did in the
tariff of 1876 and in the late Reciprocity Treaty
discriminate against American labor.