New-York daily tribune., 1854-07-11


others are extended widely than they should be-
but, taken ss body, they have done aud are doing
about a. well as they could or Thy have not
but the great OF their customers have eaten ana
drank and worn too many costly iuSHiie- ana 'uu'
too many grand houses. Money Is very hard 10 get
simply because as a conn unity We have promised 10
nav far more offs than we have or can readily pro-
cure The rare wines We have dranh the cost! silks
aud laces we have worn the gems and jewels have
hopobt. the iron we have laid down used up for
some wears past-neary all imported aud much Of il
bought on credt-now rise up in judgment against u.s.
We are like the fast youth grown older, aud suffering
from gout, dyspepsia and other msadles which result
from hard living who grumbles that be should be
afflicted nor since he has abandoned his evil habits,
when he had never txiDge while he was absorbed
in them But the avengirg bolt falls when it WILL
and doubtless at the very best time.
No palliative, no nostrum. will relieve U.s. We
can only recover by desistng from the wrong anu
returning to the right. We must live IN our ou nou'e
or build more frugaily than of late bu! ie"er a"u
cheaper new dresses drink more pure water anu .''
costly liquors, commence no more railio'u' ''!e
On future subscriptions of stock or SAFES vi 'on''
exc out the cost Of their constructoh-ih Sn'''' We
uust take in sail generally. We must La! OUT ""ei
streets and clear up more farms so" more ac'es "
,,sn and edible roots while wespend fewer thousands
ON sta,e.dapcers and race-horses; undergo ieWer
ten-dosr balls and fve-dollar dinners, and not
he ashamed to be seen wheeling barrow or
carrying package The change will be trying for
many. especially for wives and daughters reared in
ipdolent luxury whom the bankruptcy and conse-
ouent death or fight of husbands and fathers will
leave suddenly destitute; yet since we were oil In
tended to do something for living and not to live
useessy on the labor of others, it will be best in the
long run even for them. Manya noble character has
been developed by adversely which would have re-
mained unmatured and unsupported had the pos
SCISSOR been dandled through life in the lap ofpros-
perty; and the widow who in poverty and obscurity
trains her orphans to lives of industry, fugaity and
usefulness, is pursuing nobler and hoiier career
than if leading them giddily through the mazes OF
Fashion amid the snares Of Wealth and Pleasure.
We shall pass through the existing pressure and
be the better for it in the end. Many OF us VIII be
weaned by it from City ways for ever, and drawn
swsy into the broad, green Country, where man
may sit down to his dinner without feeling in his
pocket to be sure he has the wherewtha to pay for
it, and sleep through the night untroubed by visions
of notes that must be paid tomorrow or he IS ru'
ined. From the purgatOry of SHINING and the night
mare of bankruptcy, this pressure Will llberate many
ofus for ever There are City lads now attending ex
pensive boarding schools whom this pressure will
transfer to Illinois corn-felds and Minnesota saw
mills. and who will live to be thankful for the change
Ths sickness is not unto death but unto life; and
if our people ever learned anything from
xrcaDp1 folly by
ferinc. it would be an excellent thing fer
US. Yet. at this yeIy hour when it is morally impos-
sbe that should pay for the imports already con-
sumed there are many more coming in than we ought
to buy and no immediate prospect of falling Of.
Either the importers or the buyers must lose money
by them: we hope it may not be the latter. If We
could only reduce our Imports decidedly below our
Exports, so 10 pay of onequarter OF our Foreign
ID, BIT within the year we should be all right by Christ
mas, aud might resume the construction of our sus-
pended Railroads. but the present tendency is toward
a reduction of the Tariff and consequent influx of
more Foreign Fabrics. Let our people buy no more
than they really able to pay for AID we shall have
an abundant reduction of the Revenue without any
of the rates Of duty.
As yet, the Country has scarcely felt the pressure
which bears so heavily on the City. The farmers
are obtaining good prices for whatever they have to
sell, and the general harvest prospect is good
Probably no former crops ever exceeded those now
on the ground, while the prices of most farm pro-
ducts are very good. They will be lower before De-
cember; but Labor also will be lower; so will Goods;
and the farmer who is out of debt can buy much of
whatever he wants with his crop as he ever could.
And so long as the earth yields sbundantly and the
majority Of our cOuntrymen are neither afraid nor
ashamed 10 till it, the report of pressures and pancs
will visit most fresides only the vague, fantastic
recollection OF dream.
We close with aword of homely advice, which, if
generally followed, will do much to mitigate the
severity of the pressure. People are too apt, in an
emergency like this, TO button up their several
pockets and only pay out money when they have no
alternative In other words-they apply to the dis
charge of existing obligations rule which is right
fully applicable only to the ncurrng of new ones.
But let every man who has some money devote it
TO the prompt satisfaction of his liabilities, no
matter whether matured or otherwise, and we
shall have better times forthwith. II he who
has thousand dollars in bank would at
pay off his tradesmen, or pay as far as it would
go, anticipating his payments in their proper order,
the money thus put in circulation would probably
pass through many hands, pay many debts, release
some collaterals remove sundry embarrassnents and
be all back in bank again within three days
in fact may do this good without ever leaving bank at
all. Thus few men in our City, who happen to be
in easy circumstances, would benefit all the rest by
simply buying up their own psper paying off their
bills which would naturally run till Christmas. We
know no cheaper way of doing extensive good.