The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-11-05
In. nop.y.d Ch,'.-L,Sht Ahead.

Dur able and sound Democratic cotempo-
rary, the Washington Union, is devoting
much space to the consideration Of the
question Of banking and currency viewcl in
connection with the present moneyed crisis.
The articles are full Of information, and ex.
bibts an army Of facts which cannot be
overthrow. 10 q recent article, the Fn,on
presents the following picture Of the condi-
ton Of the country at this time. It is truly
cheering, and furnishes abundant evidence
for the belief that our moneyed difficulties
will be Of comparatively brief duration, if
the people will only rise up like men and
meet the crisis The Un,on thus exhibits
our commercial position with foreign MT
tiOns
We owe them nothing. The balance Of
trade is in our favor. England is in our
debt. II is imnaterial to the question that
some Of her capitalists have chosen, from
time to time, to invest large sums Of money
IN our railroad companies. Their biting
misfortunes with the stocks Of Mississippi,
years ago, projected them hecdlossiy upon
corporations. If they had put their money
in State stocks it would have been SAFE
a II that is thus vested will bc found to be
10. The interest which those loans will
draw from the country will be comparative
Iy small. But the actual Indebtedness Of
England will be more than u cOunterbalance
for any drain which may be made by her
citizens for interest upon loans. We, at
this moment, stand fair and equal with oil
nations, and have nothing 10 opprcss or even
10 annoy us from abroad. What then, is
our condition III regard 10 our home resonr-
ces' We shall simply speak in round mum
bcrs, but within the minimum Vi the true
figures.
Our cotton crop Of last year was one hun
dred aud thirty millions. Ii will bc now
worth one hundred and sixty.
Our tobacco crop this year will produce
twenty millions of dollars. There are twen-
ty.one States IN this Union which grow to-
bacco, and the crop Of this year is all aver
age one.
Our wheat crop in 1850 was one hundred
millions Of bushels, and estimated that year
at an equal amount Of dollars. Since then
Il very great stimulus has been applied to
wheat growing. Then We had only eleven
millions of acres in wheat. Now We have
not less then twenty-five. II is seven years
since then, which is al item TO cause III
crease, and must bc added 10 that Of years,
and the greater demand now than then
l.. L., .f ,.hnat haya Ipuht
will I've two hundred and twenty-five millions
of bushels. 1t may be rated at an equal
sum in dollars
California will produce forty five millions
OF gold. This will not leave Us as hereto
fore Then four-iifths Of 1t went away.
This year iour-iiiths of il will remain.
Our crop OF corn in 1850 was estimated
at two hundred and sixty-six million OF dol
lars This year we shall have eight hun
drei millions of bushels. II will Inc worth
more than the sun Of that year.
BESIDES these staple articles, we have
long list OF exports, which would swell the
aggregate amount to IN immense number OF
millions.
But we have no, finished the reckoning.
II ia 10 be remembered that there ia at this
moment in the hands of the people much
larger amount Of specie than has ever before
been in the United States. Besides, the
people owe less Asa people they are not
in debt. The South is comparatively free
from debt, and u very general prosperity,
North and South, pcrvades the agricultural
community.
These great resources will assuredly put
Us all right within eigh, months. This Is
about the period when large body of our
exports will begin to yield US ample re
turns.
A 10 the markets which We are to have
abroad and the remedies which are TO be
applied a, home, We shall advert 10 them
hereafter. We think rs 70 the first they
may b, made efficient.
Here are facts from which the real wealth
of the country can be plainly seen and fairly
estimated There is no cause for despon
dency The stream of prosperity is only inn
pe,ied in its uniform flow. 1t is no, dried
up, Euros needs our produce, and we have
a great abundance to sell. Cotton and To
bacco. Wheat and Flour are rs 80 much gold
Ia the people, The only thing necessary Is
to remove the primary cause of this stop
page OF our national prospcr,y--an inflated
currency and substitute in It's place a cur
rcucy of fixed, certain value. This will IN
fuse confidence into all departments Of bust
ness. and remove the cloud which now low
crs over the homes and hear,hs Of our peo
pie. That duty must I've rn,, and performed
by men OF all political parties il they
would see their country permanently pres
porous.
The Ntst.situdes oG Csmmc,sc
A few months since. the partner Of
commercial house in this city was taken TO
$. tuna'i. asyuum utterly ,lcrunv,sl as u-,s