Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1855-02-02

We endeavored in a recent article to show,
chat the main cause for the present financial
distress wa. the same which ha, hcrci. for,
produced similar periods Of cmlara,,,r,p.
viz the policy of FREQ Trade with tho -oi.
restriction OF Il Revenue Tariff We sIt,.acH
ourselves, whether We did our readers ~ not .
that thib is the root Of cur difficulty.
That as long as this policy prevails. ius tho
present state of things mus, continue does
not necessarily follow. On the contrary $50.
believe that we have passed the turning
point Of the monetary crisis. The rccupcrl.
tive energies of our nation are great. The
panic Will blow over. Confidence will return.
The laooTers standing idle viii in time stary.
to DEATH or get employment in some way or
smother, Stocks will rise more or lees
Money will he somewhat easier. Wr.,.!l
eiow!y recover from this check to ouY ,Iy.ue.
rity, though many will not very coon iorretit
All this however will not place u, where vn
might have been, but for this ruinou. policy,
nor even where we were before it, operation
became felt. II will not again start our f,.-
tories or light the forge fires The full re.
establishment Of American Manufacture.
cannot be hoped for under the present policy.
The reason is, that the foreign manufacturers.
whose wares have crowded the ,ro,....,
our own mills from our own markets. intend
70 keep the place they occupy to the c,cln.
sion Of all others, and the Tariff Of .46
gives them the means OF doing so. Thoyare
now heapng their bales Of goods upoa the
grave oil American manufacturing lnduyt,y..
80 nigh that not even its ghost can wise a.
trouble them, Tor long time to come. Il is
estimated that there are at this moment in
The country one hundred millions nj Joli,y,
'oorh of foreign goods, orer and qJore tlo
full SUPP " required Tor the rresen, yes,
and the cry is still " they come" III,
packets and steamers from Europe arr. Io,l,5
DOWN with bales of dry goods and tnerci,,r.
die The steamship Canada which arrived
on the 18th inst, was crammed to her nj.
most extent, and left piles Of packages ON
her wharf at Liverpool, for which She con-.
not lind room, and at the the time ar ,.r -.
parture, the Pacific, which VS. T., ,c.,. a.,
week later, and which arrived At N.y y,rg
last week, had already more freight offered
Ina" sue c"aid stow away. The official state
in!>a' of exports from Liverpool to the United
Stutes during the last four months show.
how it is
In Sept the number Of package amounted 70 u.s7
" November .a-.
" December ,r..
The contraction of American orders. semi
abroad during the last two months. ba, L..r
VIGOROUSLY great, but still the imrcrtotiors
increase. II is evident that those t,.,'..
thousand packages brought over last y .e.n- !
oer' are goods sent over by British Merchants
70 DC forced upon our markets, and thev Will .
continue the process while there is a shark .
OF vitality in our manufactures Ion to p.
stifod
Now there is remedy for this conditi n .
OF Things 1t is not the one the Adnlinistrq. /
tion Offers, President Pierce in his Mosaic. '
and his secretaries in their reports, recon-
mended still further reduction Of the tariff
They would take off ten per cent from ,na
present low duties on WOODEN goods and hon
and hardware &c, and q bill for such a re.
oaction IS IN the hands of a Congressional
COMMITTEE Their cure is not "a hair oftn,
dog that bit you" but another hfe OF ia.
mad beast. 1t is a misuse of terms. iuis.J
70 apply the wor1 remedy u their measure
President Pierce and his understranners ,,,,,-
oabiy do not know that there j. any e,ri,r-
rSssment in the country ; if they do thew d.,
not care or wish to cure it. As long 10 the
price OF slaves in Virginia is as high AS ev.r
and on the rise, they are suited. Their D,g,.
however call it what you will, evidently will
not help the case. 1t is but striking a man
when he Is down.
Another sort ofrenedy is proposed by zone.
1t is the awakening Of Il spirit among cor.u.
mers IN our land, which shall induce then. 20
REJECT foreign goods, at whatever price, and
use only the products of American iDdustr.
None would be more glad than we 70 ace IL
spirit abroad which should countcract I'll,
foolish and unpatriotic preference of articles
OF foreign make because they are G,rci,...
now so rife especially would we desire 10
see rebuked and represscd the love Of FOREIGN
MruT'e', too great among cur raople.rl
stu growing But We have 10 hone Of any
extensive or permanent aid 10 our industry
from this remedy, If ship lnasters woulI
refuse to bring foreign goods, ard ipc--
chants refuse to recriro 90