True American. [volume] (Steubenville [Ohio]) 1855-1861, 1855-02-22
For the True American
HOME PROTECTION,

For the True American.
HOME PROTECTION.
Mr.. EDIFoR-I fully concur with wri-
ter in the american Union, upon the i'm
portance ofharmOny and unity Of action,
in support of our railroad, as being all-im-
portant to its completion, and to our own
prosperity as community. But we are
not to rest upon it alone to give impulse to
trade and general enterprise. An encour-
agement of the Arts is all-important to Sc
cure pre-eminent prosperity CONNER
cial operations may serve for the purpose
of fetching and carrying; but in them the
out-goes may be said to be fully equal to
the incomes, and do not generally produce
wealth. 1t is the operative part of CON-
munity that creates capital. The eexample
of the beeis illustrative; she gathers from
natures laboratory, builds her cells, and
stores them for her future support, So in
mechanism; the operator looks abroad up
on nature, collects his materials, and pro-
duces something to add to the support,
comfort and convenience of man. The
farmer and the mechanic being the produ-
cers-the balance Of community being but
fetchers and carriers, office drOnes and con-
sumers.
With this digre sSion, ! come to the i'm
portant matter of consideration, which is
that the citizens Of Steubenville must rely
mainly upon mechanism, and the encour-
agement Of the arts, as the sure means of
giving life and prosperity to this commu-
nifty. Our own operatives should be en-
couraged by every possible means; and a
preference given to their productions over
that of foreign import, equal to cost, car
riage and exchange. New beginners should
be encouraged and aided, whether of our.
selves, or strangers who desire to take up
their abode with us. The Rolling Mil
now in course of construction, will give
employment to many hands, and will be
the means of circulating a considerable
amount of money and should, therefore,
have the public approval and support. But
there are still other pursuits and callings
that should be reared and fostered not yet
} in operation, amongst which, might be men
toned that of the manufacture of window
glass, as being of importance.
, To give aid to mechanics and manufac
turers, it is all-important to have an in
: creased banking capital, and that upon
basis that will not be fuctuating. Fo
this purpose, Bank forlOans, without th'
power to issue paper, is preferable, for tn,
1 reason that mechanics and manufacturer
require the use of money, on longer time
: with more gradual reduction, than bank
of issue can give; for the reason that sucl
$ banks, issuing two dollars for one of capi
tai, there is in times of panic, recurrenc
= that takes often the greater part of the cap
}, ital to redeem, unless their loans are mad
Il at short periods; whereas, a bank tina
: loans upon her capital, without the powe
to issue paper, can never be affected by
e pressure in the times, unless it is in th
e Withdrawing of deposits. In making {
If these remarks, it is from no feeling of o.
,. position to banks of issue, for I regar
IL them, in commercial point of view, as al
> important to the public, as furnishing tt
e means of purchasing up and carrying @
le the produce of the country, and the redu
l. ing and regulating of exchange at distal
lie points; as well as being important agen
n for the collecting of debts,
n To create an increased capital for Il
J. aid of mechanics, the Savings Fund syste
lie should be kept up; and all who from we,
to week have part Of their earnings
m spare, should deposit them, for the dout
es purpose of aiding mechanics and manufa
d, turers, as we'll as having fund to fall ba
e. upon in old age, or in time of calamity.
SO The laboring portion Of the operatives Q
deeply interested in creating this fund,
NJ being the means of more steady emplc
's- ment. The swelling capital and we'll kno7
ne usefulness of the present Mechanics 81
re- ings Fund, is an evidence of what can
ch done by steadily putting our mites tOgeth
But in the fund now created, as well
IRE that yet to be accumulated, the applicat
On, of the funds for the benefit of mechani
ms, will be looked to more than the swell
ON interests of stockholders. A
hv
,on ~ The Washington papers annou
80 the death of Samuel Pleasonton, the wi
lv known and universally resnected III