New-York daily tribune., 1854-08-30

ence OF powerful opponenth 10 as htte 'o DC eAPoS.
from the an who burnt Greytovn as would be real
courage in the man wh- kicked his masters dog ID
revenge Sor tie blou received from his MASTER L.
houever. ,uch An inquiry should result IN sho"Ing
that We dar. not go to wsr-thst q war would be
attended with bankruptcy to individuals and the State
then msy we re.t assured that however high tue
tone now assumed the Administration will sneak out
Of it, difficulties, precse, wts done by MI fok'
and precisely % it mas done in the case of the
Reciprocity Treaty. That such vW be the result OF
the discussion going We fully believe tor Pro-
Slavery government has Tow brought the country
into state Of weakness that absolutely forbids the
idea Of uskire war for any purpose whatsoeyer-un'
less indeed the Administration could find another
Greytown 10 be destroyed Beyond that il is capable
Of nothing.
We are now exporting gold as fast as it comes IN,
and nothing but the fact th still sell some few
bonds preventsthe demand export far exceeding hs
supply. Will the export continue In reply we beg
to refer our readers to the following extract from
The Journal Of Commsree-thst journal which has
steadily taught that danger to be spprehended
from the enormous importstions by which we have
been Aooded. ard for many Of which we have paid
double price becaase the tariff Of 1896 in the period
from s4S ts 1851, so eirctuslly destroyed our own
manufacturers
The imports Of foreign goods for the week have been
enormously large, ard much eIceeong the Imports for
tie corresponding week last year The arrivals now are
mostly lots seut be sold foreign accounts and,
az learn by recent LISTERS from France that prices are
low there here, the receipts likely TO continue
large for some time TO come.
Ii is clear from this that the goods to come in
AID the gold is TO fow ont. Next, money is to be-
come desrer and the manufacturers among ourselves
are 10 be ruined again, by the combined operation
OF iph interest the hand andlow prices for their
products onrhe other. The more manufacturers are
ruined the greater be the necessity for depend
inc OF foreign markets for cloth and iron, and for
rtmitiDg gold, and the greater will be the tendency
toward further advance in the price Of money. AN
this will greatly benefit the money lenders. but1ts
necessary consequence will be the ruin of those en-
eaped in trsde-and that such is its tendency s shown
in the various failures that have recently taken psce
and in the doubt and uncertainty by which the men in
trade are Low surrounded. To add TO their difficult
ties, We are now T. import food having agreed to
gran. large bounty on the productions of Canads-
wheat rye oats and other vegetable products, to be
soli in our markets for gold to go to Engsnd there
to le exobong,d for English cloth sni English iron.
There i, every prospect of a severe crisis and The
Ionic, Times is now preparing It's readers for the
coBfequencec Of the tariff Of 1916, by paragraphs OF
which tie following is Specimen:
"Tho recent Developments at New-York show the col
larse inc viiae American enterprise the moment their
supply Of European capital but checked sn1 there will
he no difficulty in estimating what the end would have
flooding us with bonds tine payment Of the interest Of
which depended upon our granting additional sums upon
demand"
The tariff of 1876 cosed the mills and furnaces Of
the country and our whole product Of cloth and Of
iron At this moment but little exceeds what it was
eight years siDce, although our population has in
creased almost if not quite sne.third. As conse.
queuce We baye been obliged to " food" the European
market with bonds until at length, our Eugsh mas
tiers inform that if they continue much longer to
take them il 10 doubtful if we shall be able to pay the
interest.
TIE marl cts Of Europe flooded with bonds
given in payment for iron that has the
baf than he would have paid for it had not the
Pro.slavery policy " crushed out" the manufacturers
Of it. But for that policy we should now be making
fifty per cent. more iron than we now consume, and
cur road makers would be supplied with better iron
st fifty dollars than they now can buy at seventy.
five. They, too, however, have now to suffer.
Throughout the country eur eyes are everywhere
greeted with the spectacle Of roads half finished and
waiting for the next upward movement OF the waters
precisely the in 1872, at the close of the
last British Free Trade movement.
In this state Of things it il that Government
dertakes to assert the existence of rights in Central
America to be maintained necessary at the hazard
of war The markets oi Europe are flooded with
bonds, and at the fret appearance of anything ap-
preaching TO war, markets would be flooded with
them-and the consequence would be paralysis that
would efectuay annihilse the revenue, and that at
time when the sham democracy has carried up the ap
preparations Of d single session from the twelve mill
ion, st which they stood quarter OF century ago,
20 the enormous amount Of sixty nine millions The
idea Of making war under such circumstances is al
absurdity The people of England represented in the
Cabinet by Lord Clarendon have il in their power to
dictate policy in Central America efectually as
they have recently done in the Reciprocity treaty
And however loud the words of Mr. Buchanan. We may
rest assured that he will back out if offered the choice
between war on one hand, or total abandonment Of
the Monroe doctrine Oh the other.
The prorerb says Out Of debt out of danger" and
this is quite true Of nations il s OF individuals
The man who is in debt can exercise no power over
bis own actions. He is st the mercy Of his creditors
So are nations that in debt. Had the policy of
l542 been maintained We should now be out of debt,
ard should not only be independent of the world
for cloth and iron, but ve should be producing them
so ehesply IS to be able to supply the world with
both to large amount: and we should be so strong
thatwe could say to Britain Thus far shall youso and
no further. As it il We are in debt and in great
danger, and If We do not find ourselves, foree to take
the law from Lord Clarendon i, will be because Of his
g. 81