New-York daily tribune., 1854-08-23

very well Win tIc clu "urs
Vet no one OF our ASSISTANTS fails really to recos
nize The fact tha. position has been consistent
throughout END based upOs lucid. easily uaderso'l
rrircille. Our views cf political economy Hiay be
radically wroBs-we make no claim TO ini-lAollity-
but We have az lcas! adhered to them through good
and evil report Friends nay f.lter, swayed By con-
sderaii,u la Of local or temporary advantage mere
politieians iTu 10 tie latest breeze; but we shall
move steadily On.
In our view the gres. evil and peril of l,te mpent-
irgpyer our couu:Ty Is DEBT. The great majority
of our people above the position OF iaborers are
hesvill 10 debt and trying TO become more SO. Ihe
farmers owe the traders the Country owes the CITY;
tie Nation is heavily in debt to the manufacturers,
brokers and capitalists Of Europe. Nearly all OF US
imagine thing going finely long as We can bor-
row money with facility. So we cOthe our wives
and in costly French silks bought on tick oi
cur merchants, promising to pay out OF our next
crop, our next sales collections when they shouli
lave been content to dress in the less dazzling but
quite as seryiceatlc productions of our American
looms; We build grand houses on the strength Of
tie money we shsH have when our crops or dues
cone in; we construc; Railroads of Iron bought on
credit in Europe, on which we must stsGd heavy
slaves ard commissions, and pay for even the
grading in bonds sold at twenty-five per cent.
discount if an body can be worried into buying tlen
If our crops in heavy AMI their prices are kept
up By wars or fannes in Europe, We pay something
toward our general Indebtedness, yafnish over the
widening gulf of bankruptcy with Few promises and
larger shayes, and contriye TO h0bble on 1t is
us. stouch and CO. with al best. But let darker
fortunes be eIperienced-our crops fail, our vessels
be extensively wrecked by storn Ms our Dreign bank.
ers become unable thrOulh Wal or other calamity, TO
erd us further and at the cObhouse of our out
SIDE prosperity begins 10 tOPple about our ears The
farmer can't pay the country merchant who there
upon becomes Unable to pay the jobber, whose doap-
IOintment IecCiS ON the aucsiOneer importer, and
u general crash becomes inevitable. Railroad enter
prfes ntrinsicay laudobe are arrested at the stage
when their stOppase involves general disaster aud
ruin; lawyers and sheris rip and tear on this side
and Cd that; property sinks to mere fraction Of its
former value, il sacrificed by wholesale; and by
and by we a. awake from opium dream OF Wealth
in the lowe abyss of poverty, TO recomnence the
same round of mistakes and Illusions as soon as
possible.
The aim, thep, of our sort Of National Economy is
TO !. GET TIE COUNTRY OFT OF DEBT ABROAD.
2. KEEP IT OUT. To this aim it is maniiestly es-
sentisl that People should BUY less in proper
tion 10 uhQt SELL. Ii anybody knOH another way
Of paying of ola debts and avoiding new ones viii he
he good enough TO point it out? We have had little
experience il the management OF public ehdlrs, but q
good deal in cur private concerns; and uo other
course than THE has ever helped iuch toward
e1tIcaion from pecuuiary difficulties. Who can sug-
Cest any other
Our country possesses eItan i've elsnen-s Of pro-
duction proness and wealth. We have fertile soil,
which usually produces grain than can eas
and feed out; so we torture Hundrtd d Million Dol
lars worth Of it per anDum nso whsaey, and. under
various dsguises usc it TO poison our souls and
bodief. Welave the smplest ana best mines Of Iron,
Copper, Lead. Znc and other Metals; yet we run in
dobt to Europe for Millions Of Dollars worth taese
metals annually. With tie best soil in tae world ior
tie production of Hemp, Flax Ma ider, Indigo Sc,
we supply ourselves with most of these articles from
abroad. For the Osier Willow, we pay some hund-
reGs of thousands Of dJllsrs per snnam TO men VINO
pay nom ten to sixty dJliars per for the of
the ground on which il is grown; when We have
countless millions OF better land hing idle aud unpro
ductye which could be bought for ever shillngS pei
acre than they pay dollars orIhe snnu4luse Of uerOr
land The Sumsc grows spontaneously and abundantly
On waste land Ill over the Free States yet We let it
wiber and rot where it grew, while We buy our large
supply OF Sumac for tanning from Sicily or some
other sr-of corner of the Oh World So with almost
everything else. let men supidly wonder why times
are 50 hard and money scarce with us We marvel
that they are wOIse.
For some years past, We have cut our own Timber
and grown own Grain; of these la5ors the Cana
dams are hereafter in part TO relieve us, while our
own Fall Crops are very generally eat of. California
is sending less and less Gold, and our Imports
row at the rate Of -Four Millionsa week or Two Hun
dred Millions per annum. In the name of mercy how
are all these things to be paid for If free Grain
from Canada cbeapens Bread must it not also re-
Guce the price Of Grain aud Flour abroad
to pay for cur Goods We export OF Manufactures
very little, and Of Metals still less: we cannot expect
10 realize thar Eighty Millions for our Cotton
and Ten more for Tobacco and Rice; while Thirty
Millions is an outside estimate for our exports of
Breajstufis, Canadian included. Add Zen more
for Meats and various notions, and we have
One Hundred aud Thirty Millions of the pro-
ducts of 1854 to sell; say Thirty Millions more
for California Gold, and the aggregate is
swellcl TO One Hundred and Sixty Millions. From
this we are required 10 pay not merely for our Fab
RIGS aforesaid, but tie interest our Bonds Stocks
spd Debts owned abroad, amounting to at least Twen-
y Millionsper annum also for cur Grain and Timber
from the Canadas, amounting, with Fish from No
Scott and Newfoundland, to Ten or Fifteen Millions
more. We do not believe this country can spare
from this years crop-n view Of the terrible devas-
tatCrs Of the drOuth-anythiDg like Forty Millions
worth OF Grain and Meats Canadian included y bu: