New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-08-12

lsti,n lev, led againtt the manufacturer ~" Ly,,,l
nifty of n forei, n market could not temp II
NV. 800 him .oT his iacu.try IN that dir'Huon;
the agticultufists of This country ""' - me -
subject they would discover that tno sid "a M be
III, m abroad foI It produce VI
ter than for their wool. "a. II brsa Istuffs AID
In the year 1854 the total exports " n 80, NJ s1s
prcyisots from the United st,tes - .A,vs.T worth
eco 90 What is this 10 tue orOP should sacr
~ wv ,,m Of 8 neighbonpg bla 'ksm'o' saoe
maker or weaver to- ,h ,ar, az lila cron And
in amour, II door 10 hm woad consume 1t more
" s,hi. Cor him and with greater certahy OF &C.
rmsnd P,;1es may be high or lo~ rnder the nneh e
of accidtu,a csuses, but the laws Oh nature ana u
trace a,e safe directory in any comoi.
,a,ob NJ circumstances; their bearns upon na'ionai
rclicv !, ABSOLUTE and unvsrying and they must DC
ODE, TO OF they VIII be avenged.
Boynonv of all indwsrial INTEREST," and Gdlustm M
Of the Tee. economical policy to the necessity q ne
National Treasury.
That a harmony OF inerests naturally and nece'ss-
rilv exists among al the departments oi nst'na' ID
oustr, IS funcsment1l pnnc PIE IN Pon' tca' o.
Ill socis and religious science IL one ., "a .e
nripcipe, whsh stand ncOntroverioe 40 me oa'f OF
IN ,essop;ng upon the p0icy vt human societies 30
far as tins qary has proceeded the truth OF tIs
pr ncpie is clearly Supported ami csonOt o. doubted
tst ne other branches of produ ,tve aud commercial
busii es not specisy considered, must tall within The
rule with equally happy acoOrdai Co. Ut an integral
self su tainipg welbalanced relation holds between
the rsbuiac utng aud agncultural ~rarr ot the ns-
W. sduted to the require rs of ~ stem Of 4
tous finance the true terests of the planter OF tie
Navigator aud the merchant cannot possibly be a.
war Will them.
Cotton and Commerce.
II would exceed the limits well IS the proper p-Dv
iuce of this report to endeavor formal denonstfa 90
Of it, dOctine as IT applies to cotton and Commerce,
and II must therefore oe furbofne; bat some gen
consideration which may be suggested in s support
will serve 10 show the equal operation of the pO icy
throughout the Cnton discriminating neither fE no:
"aeaiDst ans cast section or interest," cooi3rm@oly
With that n SKIN Of our legislative system which cas
the dictates Of Justice ano the spirit of the Federal
Constitution for It's authorities.
Export Of Gold-efeet upon the Planting Interest.
In the r>t place, the system which looks u the ID
dustris iuue pendence of the country would necessa
ri, have the effect Of retaining the gold exported 10
Aregn countries FOR the purchase of ell those co nnoi
itits hich might advan'ageously manutac,ure i0r
curse YES. The 200 900 900 which we have sent
abroad within the lat xix years is an excessive export,
by the cunt to which has di blshed the necessary
b. supply and raseo the rate OF INT rest q its pres
eDt ipOrd,sate hight Scarcity Of capit4 and extrava-
gait rates hans leave in crest of the country un-
injured except that of the wealthy mousy holder.
AT the place TO when ey flows, ii ia most abdna
ant and ch.spest. The rates in London do not aver
sge than half those that are constantly paid in
our atlantic cities and often saLd at thro
bwer
Csptsl at 10 per cert interest exposed to the COM
Petition of capital of s. has fearful ODDS TO cOatsnd
Fitb but il abundance against scarcity which -
even more disastrous than the difference of
prOsp, roDs business man may endure heavy terest
but mall capital must eocounter the hdctua,ip.' OF
the market without rehef, and Is swamped IN storm
which the heavier craft will ride OGt under bar poles
From the revusiOns W Ich our monetary affair pc
rod cay suffer from this cause, no department OF pro-
ductiOp trade escapes, and the planters are usually
the earliest and severest sufferers. ihey are 10 *.
shaken by depression Of prices and by bsnkr lptcy Of
theu customer from the fact tina; cir ioddsry %
less vsn,d and the commoc tiles which they require
for consumption are less within their reach
when business is embarrassed They must bring t0en
from abroad where credit and confidence are not 10
Easily co nma, ded a. at home Fixed capital CON
monos credit in the country, but mortgages are noc
Mt gO.iable securities al q oistatcs.
Limit TO eTpo1 tations 0fthe precious nttals.
The drain Of the precious metals unduly induced by
the import of articles which ougot TO be made al bop
is evil Of such mag iuoe that II there were no,
another among the incidents of excessive importation,
1t would of itself the utmost exertOn OF iegis
Istve power to corec; it II Is utterly from ibs pr
poses Of sound policy to speak of gold as pro uct
Of the country. and as commodity, Ike iron or clt-
ton, while lie exp rte carried t. the -xea; VI Gig
ping business, disturbing the currency, ard eD0r-
mOusly eLhaDclDg the rate of interest. However pro
duceO Derived it is money to the exteut required
for the health Of the circulation aud tbs property OF
business ard any policy which rams the supply oeoV
tie demand Ii suicidal.
Cotton and Iron Manufactures an tie Souh.
In tue next place the olcer Planting States ae TO.
only capable Of the labor Of converting their raw ma
tCra both cotton and iron, into Mt least tie co:seI
fabrics which conveniently aud ptohtahly market
cessty to so far diversity their industry aud 30 &C
div some portion Of Their labor from the basnees
which they lave been so long helping to drpre-s ana
10 cerve from this change the better remuneration
which the work Of conversion affJrds above toa; 81
proc uction Georgia, Virginia and North Caroilns
made the experiment Of applying a portion OF their
cheaper labor to the cotton s5cs with sue
cess hich promised fairly to give them the home
markets, in a few years. for such articles; but New
Eng ana compelled to dispute this gr0u "a VIE
them by The failure of the tar OF 1886 70 giv1 the
more &C ya coo manufactures Of the North the OppJf-
tuIity Oi making tie finer fabrics IN the then e.
sg condition Of the enterprise; aud the south, for
t1e time, was thrown back upou her staples, snd
foreign /, ket for her dependence.
Protective Policy longer party or sectional cues
but the spirit of progress and the change OF condl
ton which nine years have brought with them, have
wrought then essary changes the movements Of
the wboe country ano given us the nappy pro mise Of
better union IN interests ana pOhcy tn12 We nave
known in the past.
The time On the occasion for harmonizing ss1res
aye Iow upOn us, and the fond faith winch we hold 70
tie future destiny of the Union warrants the W.T.
deuce hat this great people will how both the wisdom
and virtue o. geuuLe patriotism in the settlement ..
al then differences.
A common prosperity cOrrectire Of social Stryts.
Every section Of the Union shOlld be the best ldge
OF IL WI Iohcy-at ali events 1t will deternl1e 4 log
i,sth but i il happy circumstance for the t9iec
States that IN The things ktch c0rk theI, ray dcsr-
7alaatos into The dtstiny o. the nation, there exs's 20
little oOLtarety OF opinion, AID 70 much less uiisr
eIce Of drift, that there IL nothing substantial CURED
70 be escced by any part OF the country for the COCO
ofthe whole, snc very little in speculative cpin-
Jon 10 be compromised to Of ct al agreement.
The peope may DC agitated ano divided upon CO..
sictOnal mois and religious questions, cad teer
d scussor and settlement will have pfopo tioaate
effect Upon the general harmony; but the nsasur.s
which cary with them general prosperity W II here
after a. heretofore bear them through every = RTE
and secure :be general welfare
Of IN OaCN ~