Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1857-11-05
HOW 1T CANE.

iaVor Of the establishment Of PROTECTIVE,
Tariff. Nothing could be further from th,
TACT. We propose no alteration Of th,
Iarif-recommeud none-any more than
we propose or recommend a National Bank
The People, whether wisely or unwisely
have chosen Democratic Congress, which
could not be induced TO enact Protect
I've Tariff il it were certain that thus only
could thousands of laborers be preserved
from starvation and the country from abso.
lutte ruin. The interests Of ''tha party
are paramount with its funclionaries, and
lie. them to protect the industry of the
country would be to commit political sui
eide. The power is in their hands, and
they will use it for their political advantage
not for the good of the people. Believing
that cycle of Hard Money and free Trade
is therefore inevitable, we exhort every one
% shape his business accordingly and not
look to the Government for relief that
will certainly not be afforded. 1t were
mad to live in hopes of what Congress
to be hereafter elected may do three or
four years hence. If you owe, sell your
property for whatever it will bring, and
pay your debts, offer it to your creditors
at half its recent value if you can no 9TH
erwise dispose of it--anythiDg to get out
of debt-and then keep out. Work any,
where and at anything for the most you
can get-escape from the city to the coun-
ty-and do not hang on in idle expecta-
ton that times will improve, for Of that
there is no immediate prospect. If poor
man can get bread for his children hence
forward till Spring, let thin accept it CRATE
fully, and earn it joyously. We do not
know that We would even re.estabish the
Protective Policy if we could tomorrow,
with full knowledge that it would be
warred upon in the future as il has been
in the past. Better lie still when we are
down than get up merely to be knocked
down again.
But when we hear persons talk Of the
present prostration as if itwere some myste.
rious visitation Of Providence-some sud
den and unaccountable calamity-we are
apt to lose patience. We have so often
exposed the utter fallacy Of our Treasury
returns of Exports and Imports-so otter
shown that we were running in debt tc
Europe by millions upon millions, and
must inevitably come to grand crash a
no distant day-so often insisted that W.
could not long 60 on buying our Cloths, ou
Wares, our Metals Of Europe as we ar,
idoing-that We cannot see how the proph
esiers of smooth things throughout tn
last seven or eight years can pretend to b,
surprised By our commercial disasters
Where have been their eyes and ears du
ring the last decade?
Az we wlite, our eye lights on recen
speech of Gov. Seward--that of Marcel
lst, 1855-in opposition to the proposed
allowance of Credit for Duties on Railroad
Iron in which the present disasters, anC
even the very year of their occurrence. ar,
foretold with signal accuracy. We beg al
who believe our financial troubles fortu
itous and inexplicabIe to ponder we'll tht
| following extract from Gov. Stewards
speech:
"Mr. President, we are told by the hon
orable Senator from North Carolina, Mr.,
Badger, that we must adopt either the
tariff project before us or bis amendment,
because the railroad interests require re-
lief.
"This brings me back to the precise
question which I discussed here a few day
ago. think, Sir, that the restoration o
1.-The business of railroad building to 1
healthy state requires us either to leave il
Ito work out its own cure. or else to adopt q
remedy very different from what is here
proposed-a remedy which will stimu-
late production of the raw material and Of
fabrics by manufacture. Anything short
of this will fail to give any tone to the gener'
al financial system of the country, now SO
much deranged. The troubles with which
we are contending arose from excessive i'm
portations. The project before us tends
to reduce duties, and so to encourage and
stimulate imports still more. 1t is fe-
YER of which we are sick. You propose to
add fuel to the fame that is consuming US
"Let us look backward for Instructions.
lin 1881, by excessive importations, by an
unexampled enlargement ofcredts, we had
brought on great fiscal embarrassments.-
Property Of every kind was deprecated
everybody wanted relief loans; credit wa:
tparalyzed. The Bank of the United
States exerted itself and gave relief; the
crisis seemed to have been passed. I'M
portations were Immediately resumed, cred
lit was again expanded. Wheat rose to
two dollars per bushel prices ofall descrip'
tions of property were inflated. The en-
Ibarrassments of 1884 returned in 1887
aggravated tenfold. And then come that
fearful CONFUSION which carried distress
and ruin throughout this broad land-dis
Itress and ruin from which We have requi.
red twenty years to recover. Sir, We, in
I1s54, just passed through the premoni.ary
symptoms Of a crushing pressure, which il
to come on in 1857, or some year not long
thereafter. Let this not be thought strange
lit is near twenty years since the
last reyulsion, Commercial revulsion;
come once in twenty years. The circum'
stances of our condition now correspond
exactly with our condition previous to thC
, last revulsiou. Government then refused
to stimulate production by tariff of plo
! lection, and on the contrary, stimulated i'm
5 portation. 1t went on to the bitter end.
aGovernment refuses to stimulate pro