New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-28

n y,as Tad. IL 70 glut Bsfs~s soa ono"n w.
our NJ anufa .,ur,s tut it 10 sure 10 Do fo"o"ea
s.,t acton efTec, upon the currency which eqoaT
..,sI =, TIE importers and al other intefee"
7. ,ond seem that cotton might Be a. sAoepcoo' ."
a,rs,;sncs n,ov.s otherwise-that has caught the -
isesio,. and be-. slressy tumbled 40 y cent. Mses'
I've. ooun.nv At least il 10 rome coosois7on "
row that those who would, Sampson ike, pull dow
he euple over our hesds are apt 10 become nve'seo
in the common ruin Our past e1penesee aoa"~s~.
elbows that at erery period SAsS ne EeehH"iesE ""~
rassfacturiae interests Of the country sars 0es"
r<,ou,, the rholt country ra' ProsPsros', asa oes
r,r,a Til. proposition defy any man 70 disPfo"
by re'ererc- TO or past history.
The present psrr bss been setting down oPo' We
country Ike .sIt incubus from she day the n"~
Tariff vert - operation aud it viii continue 70 Pa'
Awe rs .it- 20 lopg ss II lasts. Thecouosry Can
not 20 OF un,tr IT, Tie Government cannot go ."
under 4. and before tire 4th Of March next slu %
cone bankrupt Their organs, however, sno al rec
Trade orsces have striven 10 quiet the people oy ~
,uns them tho, the present would not prove mucn OF
. shower. and would be Of short duration ~ mos.'
The commercial editor of The IHdepesdeHt, a. long
400 AZ Jul, 80 says "tks panic Is oter the prospects
q" Of brisk Fall trade we're never brighter, ana DC
pives seven reasons for his predictions "hAs So
g.c ous prophet Such continued to be the tone ana
t,por Of all his articles down TO Oct. g. When, me
long catalogue Of failures be announced bis own -
!, seems this has proved to be something OF snov@
aAe, ALI SucA series Of financial bluaders ought
LAS, 70 ipspiye any man Of common sensibFIsy win
sos modesty for the future. Bat even now be e<hee
has not the sagscity TO discover or the candor 10 40
NJ, Tia ,yus eaus.s OF the distress He rails st toe
B., ks arc says they have done it all AS wei m'sN
one drowning man. when q boat has been upse', 70
oroscb the Others for ret saving him. Wnen al sac
.,uo ping for their lives saupe gus p.nt rs the sw
dssns,ste nece.sity Does rot he and every one know
hat l,,Oe proportion of the New-York Bank DECO
o,s are merchants Themselves with identical interests
IA then credible that they would pursue course 3D.
verse 70 tie mercantile interest except upon the mos
nt erious necessity The superficial and ootuse PEI
va,v With which this and kindred Free Trade writer
persist in raising false issues only proves that they %
long to that class Of incorlgaoiy duIl scnoiAas ie
70 in tie be ginning of this article
NorIsn happy 70 inform the secular ednor o.
TIL, Jsd,adesi t0at from the statistical tables given
hv b;, IN the very articles above alluded 20 have
b.p enabled TO foresee the gathering storm aod &c,
safely into port. had heavy payments ao'rulns 'ni'
Fall I'm, taking warning from his tables, forthwith
IN
no, had single note mature nor paid dollar Of cIsrs
interest. From business experience extending BE-
yopd the panic Of 1887, have observed that the
ratio between imports and exports, ard the rates Of
foresn exchange, afford an unsrrng barometer to In
dicate the money market" When therefore, on the
LIST of September saw that the balance Of trade of
eight months against New-York was more than me
whole specie of all the Banks in the country at oncs
H.. sha and aeta A.
eorcipey, tayiDg no heed to the superficial and coc'
de rose comments Of the editor
Fortur sely for the country the present panic hes
not ike the panic Of ~, been made political qasf'
ton For three year after that panic, an excited con-
r3v,ey was kept up between the two great paiees q
to the cause Of it. The Democratic said il was caused
bv the u. s. Bark and the Wings laid it TO the redao
ton OF the Tariff Finally, in 1910, the people, oP-
pressed yond further endurance, arose in their might
and So ept the whole dominant Democratic party iron
tie face OF the land. The Wing party came into
power end the Tariff Of '42'wss enacted. An imme-
diae resurrection of all our great Industrial inseresS
which hsd lain dormant and perfectly PROSTATE To-
Eve years followed TIE appearance OF Spring afses
long, desolste Winter, does not produce more SUD
cen ard universal change in the face OF natarA
Everywhere business was quckened into life-nev
enterprises sprung upnoney became plenty, and IL
shole land smiled in the teeming Summer OF prosperity
and happiness 10 40 cane another Free Trade fros
WHICH though il cid bot Kill Of our domestic interests
entirely, it gave them such ,hoek that they have
bsrel, raintared feeble and sicky existence Ill the
presen, time The United States Census stadstia
show that there vas expansion of our Mrchsnca
and Manufacturing interests in those -four years, rom
40 to i6 than in the ten years succeeding. In 1857
q NEE another Trade frost with the THERMOMETERS
down to zero, AID it Las frozen everything stiff and
dead When will the Spring come Not till tbs
Winter OF Free-Trsd ssm and universal paper currency
has passed sway.
SURVIVOR OF THE PANICs or 81 AND ~