, 1855-03-03

ry, present anything else than attering aspect with
little prospect of change much for the better taking
place for some time to come. When once the public
mind, however, Is prepared to meet the Of
iron fortune" and black adversely the stern re-
ality becomes less intolerabe, and community can
thus the BETTER brave the rgOr Of the times and look
forward with better nerve to the dawning Of bright
er days and more cheering prospects. Misery, it is
said, loves company; and when apprsed of the bank
ruptcies-the distress said to exist on the Atlantic
side in consequence of the failure Of crops of last
season, in various portions of the country and the
pressure in the money market caused by the expan-
sion and contraction in the India Rubber Banking in
stitutons of most of the States the inhabitants of the
Pacific coast at least congratulate themselves that
they are in worse condition than their friends on
the other side Of the land-assured that if times now
are hard, business dull and money scarce, the grain
fields have produced their abundance for the present
subsistence of al-and that what currency is afoat
is REAL-not the substance Of things HOPED FOR,
and the evidence Of things sREN," but real BONA
FIDE constitutional coin.
Prominent amongst the causes which have led to
the apathy involving the business energies of this Ter
ritory-well known, and often adverted to-are the
high prices demanded for labor and the sudden cut
ting off, to runous extent of the lumber trade of the
on which our business have depended for their
operations In the purchase Of lumber California has
been almost only purchaser but the repeated con-
fagratOns of her commercial cities has caused their
capitalists to commence the erection of fire proof
buildings for their business estabshments-dspens.
ing in great measure with lumber and framing tim
bers, and thus seriously affecting that trade and those
Interested in its manufacture Although there are al
ready erected on the shores Of the Sound suicency
Of mills capable Of running saws enough to supply
the whole coast with lumber yet Oregon contains her
ful complement, and purchasers Of limited quantities
often peril the safety Of their vessels by seeking sup
ply in entering the dangerous harbors along the coast
OF California, in order to thereby little time and
few dollars by the operation.
To bring about our wanted state of business pros
perity in this particular two things are essentially
necessary In the first place-bitter as the pill may
be TO all classes Of community 1t must eventually be
Swalowed-the price Of labor must be reduced in so
far that lumber can be afforded at less cost than at
present. and new markets must be sought out by our
shippers engaged in the trade. The Sandwich Islands
arc opening commercial intercourse with us. They
want our lumber, shingles, lath, &c, and we want
their sugar. syrup, rice, salt and other articles Chilli
and the whole South American coast are supplied
with lumber from the Atlantic side. Can we not sue
eessfuly compete, under-se and secure an exclusive
market In that directionl Efforts should be made
with Australia, New Zealand, and all the Islands of
the Pacific, to induce q reciprocity of trade which
would necessarily result advantageousy, by the bal
anee Of currency being largely in our favor and at the
same time exchanging our lumber for many articles
on more reasonable terms, than Is demanded for the
same, finding their way to US from the Atlantic. We
want the teas, and thousand other articles Of China
In exchange for ships spars and lumber and when the
ports Of Japan shall be opened our policy will be to
court an intercourse and form an intimacy and friend
ship with the people of that rich and populous coun
try.
market must be procured for what we have to ex.
port labor must be regulated as to accomm odate
the means Of the distant purchaser or Of what avail
will be market when obtainedl And we must en-
deavor to live more within ourselves-raise more pro-
duce, import less provisons-breadstuffs and broad
eloths-and keep more Of the precious metals for
home circulation, which the development of our coal
fields and fisheries will rapidly increase, when practic
operators with capital becomes interested therein
These things at least must be resolved upon and car
ned into effect, before the gloom, the depression in
business can be removed and the general prosperity
Of the Territory, be revived.
The immigration within our borders from the States
which has been onesource Of wealth to our Territory
not only in currency stock, &c. but in hands, Injured
10 toll, is supposed will for several years. be seri-
ousy retarded in the settlement of Nebraska and Kan
sas territories; added to this, the small amount Of
money appropriated by Congress to be expended for
Territorial objects, the immediate future is looked up
on BY many with no inconsderabe of evil forbodings
But, sufficient for the day is the evil thereof" we
would take the liberty to remind such as are disposed
10 invest their thoughts in gloomy reflections as to
the present rather unfavorabe aspect Of affairs that
the darkest hour precedeth day" That there is no
danger Of starvation resulting from the dsonted state
Of the times. An abundance Of land is already in cu
tivation to afford ample breadstufis, and profusou
OF vegetables for the present inhabitants and the nu
merous bands Of stock, extensive oyster beds and
clam banks, afford assurance that famine cannot exist
In the midst Of plenty however much the business of
the country may be deranged and Its energies paral-
lied, for the want Of market for what we have to
port.
Fruit growing Is beginning to engage the atten-
ton Of the horcutualist and agTcuturalist, and we
can sec no reason TO the contrary, but that at no dis
tant day, our territory be made to yield vast
quantity for coastwise expectation.
But there is a brighter day-a bright and glorious
future awaits behind the dark forbdding clouds that
now skirt the horizon Of our teritorys destiny which
Is now but pausng 70 make itself more brightly mani
fest in its development. Our agricultural lands, be.
sides supporting heavy population engaged in lum.
bering in the fisheries and in the coal fields can pro
vision our trading vessels, and perhaps be made to
produce for expectation and exchange on the Pacific
for almost every thing which finds its way to ms
around the horn. With the essential necessares of
life we are surrOunded-the comforts are within our
reach, and most Of the uxures be obtained within
shorter reach than cruise to the Atlantic The ad.
mirabe adaptation Of immense body Of our pasture
land for the raising of sheep, and the eOngeniay Of
the climate to their health and growth renders the
conclusion sefevdent that il it were considered I'M
practicable, atPresent that our unrvaled water DOW
% should be avaled Of for manufacturing purposes an
exchange Of WOOL be at least effected for all the
cloths, cottons, and other fabrics which necessity may