New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-11


I, Wisconsiu. Oar bank reports prove chat che
,ro,e.. Of boarding il steadily going ou. s1fslrh
,,p.t continue 70 ,. tie cs-e nuai ~ e. ~ '3-
he sdo,sicn b, the Government Of policy toni
ies TO arre,. TIE expectation % coi9 " LIZ ne
.6.u md for it cease says our cotrnp'rirf.
sud the banks vii 60 on SD 60 ther usual
.tU.irf.. Undoubtedly they will do 40 but
vba. csn .top the demand While our sa1p' Aai
stores continue % be e .od-d Nth f're'ga gods
that should be produced by the labor Of the pea
ple around Is ts.t are being every day thrown
out Of employ These goods are sold St le's
,bsn the cost Of production. ard tsus are our
ovvn manufacturers ruioed-snd one ruined,
they c.nuot speedily com TO lie again. At the
preset moment, az we are told by ffee'tr.de
cotemporafy
"Jpsct. witty r. sns il ever department ofini1'try,
and 4vefy interest public AMI private sypsars - 10
ut.leieiv pro.tTa'ed. Tee oentrsct Du hs- b-~n
a,e.fer Than ever kno~u foo IT. tn some lsr
Of ,iu O. and the eject ~ be ~ lotg ume V-l'ie'
II 10 dullress Of bu-Ine, ant depression ~ p-lces
II ~ have - trade. 0uc re-1urcs, are v-.lsis.s'
n. nu., look for q great depreciation in prizes f'r
our co,to- crop. Ths European cpnsu nrapn IS likely
to r. in ited ILo eight IA 'iug oil 10 qlptf'0! =
,nske- A. nracr ference % u in me ~ -r4,1is
II
,ilv relieved from embsrrs-s IN maui -
trre-. voul. sva themselves Of tue op mag - loot
onr markets sysin HitA tn-ir fabrics, AMI carry ~
tb4 rroc.e eds IN bullion. without producing any IN
p,oyemeD' N prices FOR our nv inltsf'as.
This +, fair snd ho1e,t confession Of lie re-
salts Of British free trade Even ii we should
now be- temporarily relieved from emoarri's-
men.." ibe fDre,go manufacturer are always
ready to avail themselves q the opening 70
Good our marke,s sgain, sni carry of our
bullion without producing ny improvement IN
q, The prices of raw materials, for the more orr
own f. ctories are closed tho greater must be the
quantity for which we must seek market
strotd. the grcster must be the fall of prices,
ard the rrester the demand fog coin 90 psy tn.
balance Of trsde.
Tosttempt to "s.op the demand' for coin ~
der such policy is an sosUr3ity, snd unless be
stoppec. credit cannot be restOred-and wlf1lut
credit the boarding will continue to GO On u9,l
it will haye sbsOr bed az amount OF gold and silver
that would more than suffice to ser in operation
every factory. furnace mill ard mine in the
country, aud to give food aud clothing TO the
thoufsnds ard tens Of thousands tia. are nos
suft tipa Ii might be stopped. but the Soan
Democracy prefers that it be not stopped. The
last broad cloth factory has now, as We are as
.ure5 by The Post, discontinued ia operations,
ard we mu.t now send srill more gold or cease
to purchase cloth The cotton mils sre all run
rips short time. Furnaces ami rolling mills are
every where in difficulty, and every where likely
to be stopped-and by WY OF aiding in the work
Of stoppsee, President Pierce reco nmends re-
vision ard reduction OF the ts'if. Under such
crcumstsnces, i, it possible that the drain Of coin
should b. arrested 1t certainly il not.
R,enact the talif Of l-i2 and the DIAM will
cesse at once Credit will then again be restored,
and bsuks will then cease 70 prepare for all
"sorts of runs and paui,s." LioOr will then be
everywhere in demand, and thea will Gu me-
cLauics cease to assemble in the Park for the pur.
pose Of consultation as to the causes Of their If
culties-the cause why they can no longer obt,in
food or clothing for ihei; limilles or Themselves
+ That however. viii DOT be done, FOR President
Pierce and bis Secretary have assured rs that
the Sham DemOcr icy has de,erm ned t1as pro
tection 10 the Aworicsn lab0Ter in the field or
the workshop constitutes 70 part Of its fystsm OF
policy. II holes power by help OF that class
which is now 20 properly represented by NJ.
Belmopt-the class of money lenders-and 70 il
alone does it deem prOtec ion due At two per
cent per month i; grows ri,h, and tho richer 1t
shall be found at he next election the larger will
be ts contribution in aid Of the policy that turns
he wo, Il u16n ~