The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1855-01-04
wnArMAKEs IlAkp 1lMEs /

wHAr Makes HARD TIMES (,
What are the causes thai produce these
hard times. There is but one answer
tie searcits of money And why is money
scarce! There are many pretended answers
, 10 this, bat there is onIy one irue answer
lis beasse see are great btsyers alryad, instead
eftting great buyers al hone"-- Danpile Dem
oerGt.
No sir The answer is because we buy
more both al home and abroad than we earn
rooney TO pay for. We consume moro than
~e produce. Too many men run into debt
beyond their means, and men who are aciu.
ally not worth picayuhe will persis, iG
living like princes, and project great rail-
road enterprises on credit.
The balance Of trade is actually IN tapor Of
dis country. A nominal balance Of s6.Ooo,.
GOO appears against US on the custom house
books, but to the estimated home custom
house value OF our exports must be added
q, lessi 500, ,00D, 900 as the profits when III ese
come 10 be sold in foreign pons. And then
nearly all the freight is earned by American
vessels. Besides this many cargoes of i'm
ports which make large figures on the cns-
tom house books, take less than one tenth
Of iha, sum in American money 10 procure
them. A cargo Of ice, or vessel with
fab and oil are examples where American
labor and not money produces nearly The
whole value OF the imported articles.
Il is the spirit Of speculation and exirava.
rance at home tha, makes hard times 1t is
this which leads men 10 swell their expendl
lures three and four times the SUN Of their
50 900 salary, and makes deaulters OF The
Schuylers, Meiggs and Brevoons and temps
the vondeRn.ihs and Fords into the delicate
sins that drive lhen from the country. 1t
makes no difference in resulls whether these
men buy ,hen champaign a, home OF abroad;
nor whether lhey speculate in foreign or do
meslic railroad stocks.
Monsy is scarce, because il became the
fashion to spend and invest indiscreeily what
men had and because men spent and in.
vested faster than they earned and produced
wealth. They forgot the real wealth of the
country, and were misled by looking al the
fictitious and false paper representation of
wealth. California, which our Wing neigh
Dor used 10 say was Iot worth dollar, has
done much 10 tighten the pressure of the
evil day, because there real wealth was
produced, and not false stocks and bonds
of straw 30 pay. The Independent Treas
ury has also done much 10 ayer The
evil of these tunes; and if individuals had all
managed on the safe "Pay-as-you-eo' policy
which has been adopted as the rule of the
government, and which john Randolph de-
clared was the philosophers stone, these
"hard timesn would not now vex us. But if
there was now National Bank in existence,
the evil would fall ten times heavier on us,
for men would be s.ll deeper in debi-there
would have been still more chances aud
temptations for sPecula!lon-and the only
currency Of the country would be Bank
notes. Ifihe officers were men like Nicho.
las Biddls there is no knowing what specu-
lations would be too slupendous for them,
and the very funds Of the government would
be IN jeopardy. We have no sure guarantee
that they would be better than some with
whose character the wild, tempting spirit oi
the times has made sad havoc.
GA protective tariff is The remedy" says
our Federal contemporary. All! Monsieur
Tonson come again. fle wants the govern
mem, 10 project the class of men who cannot
live honest with a princeiy fortune and a
salary of $4,000 year Do you, good sir
think this the most merilorious men for lie
favorsi DO sou think 10 make them hon.
est, discreet aud prudent by an act of Con.
gressa Do you think il will make The grent,
wild spectators of the county, who few
yeaw ago took the benefit Of the benevolent
bankrupt law, pay their honest debls! He,
for instance, who now in neighboring coun-
ty lives in magniicencs--rides in his coach
flares sumptuously every day IN pala,ial
splendor and laughs TO scora the poor, sooty
toilsmau whom he paid for his hard earn
ings " ilh bankrupt notice He need moi ge,
his portrait taken as public benefactor, uu.
Ill he wipe away his deeply engraved infa.
my from The memory Of the honest sons Of
toll. They have not forgotten him, and will
know aim long as glorious tariff advocate
They hold memento OF him in their slifIen'
ed bones sud rncked +inews ths, will last fo
one generation TO explain the subiect of I
protective tariff.
Yes, we too desire a protective government
buile, il be protection for such as will pu
their own shoulder TO the wheel, and no
only pray TO Congress over woodcock ant
champaign. Let 1t be protection for ih'
humble, honest man of labor, and not 70
the "glorious rogue"
Our notions may be homeiy aud too COM
mon sense for some. We differ somewha
with our neishbor, bu. ne is free 10 enjo.
his views as we do ours. Let those VIII,
read decide between us.
IMPORTANT DECISION On Thursday last