New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-28

Gen. DUH Green mas issued Teuihihaoio OHou
lar TO all interested 10 Iron and in Railroads, which
we publish in another column. 1t will be seen thas
il call, Convention of those classes to meet IN
Washington next January. The Importance OF tue
subject and the character Of the proposition are
fitted to attract general attention.
We are not disposed, in this age of TRANSITIONS
contrasts and surprises, to cavil at the appearance
of Saul among the Prophets. He might certainly
find himself in worse place and in worse COM
pany Yet when we lsten to Duff Green, the
disciple and squire of John C.. Calhoun, the man
under whose organism the Jackson party was
diverted from its original purpose to a merciless
crusade against the Manufacturing Industry of the
country, now talking Of the folly Of running in debt
10 England for bad Iron, when we might make
better article at less cost at home-the danger and
mischief of a state Of increasing indebtedness TO
and dependence on the great Moneyed Interest Of
which the Bank of England is the handspring
the ruiuous depreciation Of moneyed values which
the expectation of cur Specie aud consequent con
traction Of our Currency invoves-we are con.
strained to wonder if the Duff Green who urges
these vital truths is really the editor Of The United
States Telegraph of our boyhOod, the defender OF
the forty bale theory, ard the eager champion of
e-ery fallacy which has obtained South Carolina
indorsemcnt during the last quarter of century
Truly, Times charges are marvellous, and mems
changes most marvellous of all.
In whatever Gen Green afiirms as existing facts
wi h regard to Currency, Debt, Iron and Railroads,
we heartily concur; yet we regard his project with
mere distrust than favor. Its contemplation sug-
gests these thoughts:
I. While it is highly desirable that we should
make our own Iron, instead of running in debt for
it TO Europe, it is no lees desirable that We should
make our own Cloth, Crockery, and Wares and
Fabrics generally. 1t were idle to imagine that
one depressed interest can be revived I'D developed
by National effort yet all others left to disaster
and decay. Gen. Green seems to have eyes for
Iron alone, and to be unaware that our Manufacture
ing Industry can more easily and surely be revivi-
fed at all points than at one.
III. We cannot forget that the Railroad staff who
now approach Congress and the Country IN the
attitude Of friends and allies of the Iron interest,
have for years past presented themselves at Wash
Dgton in quite different character-thato of petit
ticners Gin efect for the remission of all duties on
Railroad Iron. The change is commendable one,
but Iron will be likely to wait little before it puts
itself under the guardianship of Railroads
III. While We earnestly, anxiousy desire the
prompt revival of our Manufacturing Industry, and
believe it essential to this end that Tariff should
be go adjusted as TO discriminate in favor of Home
Production, we look with di.trust on all schemes
which propose new and untold issues of Federal
Boz de-, Treasury Scrip, or whatever form of Ma
tional Debt. Such partnership or complication
of the Federal Government with Railroad or other
corporations as Gen. Green proposes seems Taught
with vaguely outlined but not unreal dangers. The
struggles of rival sections or companie, for these
bonds. the enormous increase of Federal patronage
necessarily involved in their ssue, and the hordes
of eager inarciers whom their creation and appor-
tionment would necessarily cOngregate in Washing
ton, We cannot contemplate with pleasure.
Such are cur Impressions, founded on care
full consideration Of Gen. Green's Circular. We
do not deem it impossible that his project may uti
mattIy take such shape as TO commend it to our
>crport but the probability Of that issue seems dis
teI, indeed,