Kanawha Valley star. [volume] (Charleston, Va. [W. Va.]) 1856-1861, 1857-10-27
From the .South.
Il Protective Tariff no Remedy for III
nansial Embarrassment.

Ey&EENbM0 1ZMk&
Ait 4 time when the whole community,
either from seltshness II sympathy feel:
the deepest anxiety for the pecuniary EN-,
1 barrassment which has befallen the nh,
ton, some of our Know-Nothing cotem'
poraries seize the occasion to insist tina
the Democratic party is responsible fol
the disaster, and without vouchsafing ans
adequate prpcess Of logic. asserts that th I
proper remedy consists in expelimg thu
parry from Office, and committing the
Government Of the country @ those
whom the people are everywhere and
every day Tepadiating as 1anne ior ap!
popular trust whatsoever.
fl was precisely thus in the great sla,
yery controversy. Ourautagonis.s chose
to take no part 81 responsibility. Thosg
who now demand that Mr.. Hunter shal
be required to express an Glitter dictaa'
upon the propriety Of Governor Walkers
Observation-Disclosures By the Presf-
dent and disavowed BY himself--were
content to vote for Mr. Fillmore upon the
record off public career identical for ma
nv years with that OF GIDpISes aud GREE-
II. and indignantly refused to demand 81
him whethsrh he would MAINTAIN or repeal
The Kansas act. The Democratic party
fought the battle 81 the Kansas act
They passed it prevented It's repeal
procured the confirmation Of its princi.
pies BY TIE Federal judiciary, and elected
a President Who will maintain and carry
out the pfiueiple Of that act in their ap-
~plication to all our common territory.
The people have, therefore, contded
the Government to the Democratic party
as the only sound and national organika-
tion competent to- administer il according
to the meaning and intent Of the Federal
| Constitution
In these and other great national agon-
les, our Know Nothing antagonistsof the
South ~preer@te stand neasral and jeer at
the Democratic party. They hope that
the pressure Of the events may effect
that which their bafied efforts have failed
10 achieye-that the Democratic party
may be dissolved w some great puplic
misfortune, and that they may succeed
not by the merit of theirow principles,
but by calamities inseparahle from al civ
ilized society.
We can really see no. connection be-
tween the failure Of an Ohio Trust Com
pany, managed, for aught we know, By
Black Republicans on Know Nothings,
and the principles Of Federal administra-
ton, inaugnrated and approved By the
people Of tie United States. II .mer
chants in New York and Liverpool, have
bought American produce at speculative
prices, and have now to make good their
losses by pa ing r~uinous rates Of usury,
or BY "a statute Of bankruptcy. we cannot
really imagine why Al Democratic Secre-
tary Of Treasufy shouldsgiv way thai
Mr.. coRwM may be reinstated in theiad-
ministration 81 an Office which prove more
lucrative to himself than to the public
Ii State bonds have been sold 10 Europe
to the amount Of hundreds Of miliions-it
the Arabs Of Wall Street have plundered
hapless widows and children. oF c~ovetous
capitalists. Or specializing ~merchants-
there would seem to an ordinary mind no
relief in the roetieal suggestion of III
lSecretario," ofconyoking a~council ofthe
sheeted dead to confer upon the proprie-
ltySof exhuming the United States Bank
as d financial mediator and messiah.
Andlastly, fall these causes combined
have occcasiohed 4 arrangements of the 10.
cal curreacy-an embarrassment ofthe
affairs Of the merchants and Banks. and
4 general dispersion Of financial accom-
modatiop and commercial confidence in
the Northen States. whilst the products
and property of the South continue To
bare fair prices-we. cannot understand
how 4 mere increase Of 1.-THE duties upon
foreign manufactures can at nee appease
this commercial tempest and spread a
halcyon calm throughout the entire
Union. 4
We will specify the charge IF NAL ad
minissration made against the Democratic
party, and offer its reformation. 0ur an,
tagonist alleg4, that the Democratic party
has reduced the rate Of duties upon for.
eign importations. This; they says re.
quires the remittance of 4 large alnounl
tOf specie 10 meet the ueucleHcV OF Ou
staple expectations. This drain D
I~ispecie weakehs The Banks by withdraw
ling their basis-and thus the manafac
turing interest having been destroyed b
foreign ompesiton--the merchants ruin
eddy the failure Of the customers, and
the people plunged into bankruptcy D,
their unchecked extravaganza, Banks
merchants, manufacturers, producers anc
consumers, are overwhelmed In q common
Il and irretrievable destruction.
The remedy for all this, say tn
! Southern Know Nothing fnanciers, con
sists ia increasing the duties upon foreig,
importatioBs. " it'll this paEaeea the ct
fua Of specie ceases. Thegwheels Of man
ufacturing industry revolse with renewel
rapidly. The American farmer ex
lchangea again with the American shoe
maker and weaver, and the nation passe
Into q plethora of prosperity. Wehay
omitted. perhaps, one ingredient in thi
Epanacea. It requires a Wing or Know
Nothing Administration tocompounda an
administer Is.
We ask our readers five have not fsir
" stated the theory Of our antagonists
We have given both diagnoses and pre-
descriptions
when the tariff Of l842 VAS reduced
the Wings rejoiced that such salutar
calamities mus befal the country, as t
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