New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-04

verv sud ro Nebraska journals During long perloi
everv measure looked toincTeasng the value OF money
and diminishing The prices of labor while increasing
the incomes of those who lived BY the labor OF one'
Chcsn labor vss the object most TO be desireu' aHi
thus tie pro-slavcry advocates OF Manchester were
led 70 look 70 measures directly in accordance Win
tbose proposed by Mr. Calhoun AMI MI Buchanan
When in i-l9. Peel restored the currene!
s.,ndar1 be added thereby at least ore-hai TO 'Ae
weieht Of taxes paid by the la5orer' anu
=, q correfronding degree increased the adVsn-
t-ges # the furd-hoder. The poor, or small pro-
rrie.or Of lsrd who bad borrowed paper found NM
self obliged to pay both principal sud interest ~ god
end thus was made work for the Sheriff that IN
the perod that has since elapsed has caused vast
nortop Of the land of the United Kingdom TO change
i,sovuers. stock-jobbers like the first Sir Robert
Peel who had taken loans at fifty per cent iouna
tLeir stock almost doubled in value, while land ana
!ajor were correspoldiney depressed, and now they
sold tie stock and bought the farms. The con'e'
queDces of this operation were seen in the VAST 'or
tune Of the late Sir Robert, author of the measure %
which such results were due. He may, with huch
truth. be said to have been the artifcer of his own
fortune Next we find him regulating the cufrehcs
bv the Bank Restriction act of lSii, which broke
souoLt. The Corn Laws were next repealed that
men might be cleaply fed, and that Manchester anu
Birmingham might have ian abundant and cheap sup
.sply of labor" In imitation Of Mr. Calhoun ahdhi
disciples in this country of the free trade sehooi' ID
was required that men, women and children might DC
~ far rs possible enslayed that the country might be-
come once again prosperous. Obstinately, however
il refused TO become so. Agricultural labor was
driven down TO shilling day. and Irishmen were
forced to seek EMPLOYMENT in England with their food
for wages and yet when the British freetrade mien-
um seemed thus almost at hand the facts o0stnaey re-
fused TO conform to the theory. aud the dhcuies OF
administering the affairs of the nation so greatly IN
creased that it became nearly impossible TO find any
one willing TO take charge of the helm Of the ship of
State.
AT length. however. the mines of Australia were
discovered, and gold became much more abundant.
Wages then rOse and the prOpretors of fixed incomes
suffered: and this, according to the received pro-
slavery doctrine should have augmented the difficulty,
whereas it has diminished it. The Improvement Of
the condition Of the country followed this advance Of
vaces, and vet the whole of it is set down by the
Brsh free traders both sides of the water to the
credit the repeal Of the laws and the establish
ment Of free trade in grain-a measure that was fol-
lowed by more intense distress, and that was produc
tive Of more ruin than almost any other recorded in
Brtith history Consistency is jewel of rare
yalue-so rare that it will surely never be found in
journals that advocate slavery for the aborer and
freedom for his master
Whatever prosperity we may enjoy is erect con-
sequence of the increased supplies of gold furnished
by California and Australia. Without them the tariff
of 1916 would have pro iuced all the effects then pre-
diced as likely to result from passage They have
in fact given TO labor the protection of which that
tariff sought to deprive it. and of that protection all
our subsequent prosperity is a result.