The Nevada journal., 1855-12-21
L. G. WAITE, EDITOR.
FRIDAY MORNING, DECEMBER 81.

Alter long years OF Democratic rule,
under which dependence upon the work
shops of Europe for manufactured articles
had been perpctrated, and taught indi-
recty it is true, but not the less forcibly,
at length in lS48 the party advocating
the American system, attained supremacy
under Zachary Taylor and Millard Fill
more. A change in the internal policy of
the government was expected under the
new administration. But almost stimuli
taneeus with the accession of the Wings
to executive power in the government, was
the announcement of a discovery which
threw the principles of party into the
shade, and convulsed the world The dis
tinctiye difference between the tariff creeds
of Wings and Democrats was lost sight OF
in the supcrabundance of wealth which
poured into the lap Of the East from Cal
ifornia. The necessity of inculcating the
doctrine of living as far as practicable
within ourselves was not so obvious as
hitherto; the sudden and colossal growth
Of our currency offering every means to
crafty the taste, and preserve for a time
healthy and prosperous business state Of
affairs, without the apparent need of
checks upon unbounded extravaganza in
the importation Of specie in payment for
the same But time has worn away the
novelty of an inflated currency. Proper
ty and wages have risen proportionable to
the increase of the circulating medium,
and the alarming evil of 4 debt to, and de-
pendence upon foreign countries is begin
ming to stare US in the face. The abun-
dance of money created by the gold dis
covcry has produced corresponding
prodigality in the people, and out Of eigh-
ty millions, the annual produce Of Califor-
MIA, it is estimated that near fifty millions
90 to Europe to crafty the luxurious
tastes sudden wealth has engendered. OF
all habits prodigality is one of the worst
to check or control. Its tendency is to
increase. Even now it has outstripped
our currency, and foreign debt requiring
twenty or thirty millions to pay the inter
est, has been created by importing houses
in the great commercial metropolis Of the
Union, for which our currency cannot well
suffer depletion to pay. The accretions
to this debt are rapidly accumulating and
should the supply from our shores for few
months be cut off, either for the want of
water with which to extract the gold fl ON
the soil, or an investment of surplus capi
tai among US, a commercial panic would
be the consequence such as the revulsion
of '36 and '37 would be asnothing in com
parison. However small may be the
shipments of gold to the East, the same
amount of foreign goods will be required
to crafty the tastes of the people, and
consequent worse and worse condition will
the importing merchants find themselves
IN to pay as time advances.
The evils of the Democratic policy are
beginning to be felt, and seriously too, by
the commercial interests Of the country -
A change must be had, revolution must
be effected in the internal affairs of the
Nation, to the end that the constant drain
age upon the currency may cease. We
want the extremes of the Union united by
railroad, but the policy of the present
and consequent wealth Of the country, leav-
ing nothing with which to project and car
ry on system of internal improvements,
were such system in consonancc with its
creed, which it is not Confnc but one
halls the gold we are paying to Europe for
fabrics we can do without, to the nation
where it is found, and where true govern
mental policy says it properly belongs,
and no serious bar, but the creed and
practice Of a powerful party and its insa-
tate grasping after more territory. will
present itself to the building Of railroad
uniting San Francisco with The CONNER
cial depots Of the Atlantic coast. In our
present condition, without an iron chain,
uniting the mighty East with the growing
West, we are weak, and in case of a rup-
ture with foreign powers, the conmerce
between the two sections Of the Union,
now carried on through the territories of
other nations, would offer an easy prey to
the privatcers Of the enemy.
Instead of grasping more territory on
which to spread our already too diffuse
population, let lis strengthen, consolidate,
Americaniza and improve the more than