New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-04


less vib y, road Sets ti; e. rssosd oafe'efai %
s.psej. ssses. car. FED sisl rsIo.ts 70 s>ns
.hspe or other. Several OF onr bsretc'o'e shofs
moI,y.d eeJpBAf n SD es<htS.sousss b'se ~
:, AZ, o.s down Gn6sr toe lad of hsr Yres are,
While other. mB,t s.k share Of a,ir e.r4si - g"
loss.s n cured 81 them. rLefe tvn- s'An1bs "s-e
are bat etorgh, bat The ssh, III ~ ef Iat4sa- a.s
in dpesd sroiber Evil sm0st 81 fsfal ID oar oon-s's
INTEREST," Gosted on BY The ssps-B' success OF
sa built ses, sEa the dspreelAisi rs.ss W.
be bonds IL TIE evil pToiseis es e)1i1 ,e % 80
is msitet. raEsiLe IRON 20 20 ~ eepe % a. aoa,,
With TO 10 per esLt Interest, sld In SON. cases a.
w. a.r ci.euII IN the purohss- these rsiIosd o0bSs
b4c.ue The fsvcrite inv a,peni Tor eaP'Ahs, AZ
railroads We III. reOre the favored borrowers 10 os
mercy market Cons qn.nty nose enSssso 10 so
ORDINARY commercial aEd m,nuf~tGIing operations OF
tie c0ultry-ihe producing ciasse were oeigea 70
pay be zane rates, AID usury-evsdns, ~ Always
ear ard does The las of the lsr d-b,cane ne RUE 0,
borrowing ar lending. Thus slUo,. everysha,o ard
interruptions who eonld eommsni s3y cjEs'dera.
BILE amount Of money bscsme, u-der some sHt OF
bar krg law, on bis own private sceouaf Dorey'
lender or bord o. note buyer.
II ia Lot intended TO charge the stall AID
spbs'sntisl baIks and bankers, who have ioIg
a6ed the. commercial and industrial Interests
OF tie cotnry with their capital 10 leg imste
insurer with these disastrous prscuees Ioey have
,tcod hole some conservatives throush he hsyday Of
rspire ar pluIdsr while The unscIupal)I and gasp
ing ne fsshoI ed fsanciers have invaded tie oomha
tfksitimafe barking, sbd carried The noIey nhket
by .olm beyond the power Of the OFT es 70 hold back
| Their noDsy although in demand Of high rates, b.
came cheap 70 .be adventurous aud mpro evident be-
they would pay ery rates oemsnded Tor rs use.
lorg crecits ckt expenditure and exrsvsgsnce
il batts living, became the order Of to- day, al
cur LTettLt 6.as,er i the Consequence CInes ard
towns have grown woL.edly ald Il 'ussuds OF .ner
populaiion n thrown out OF employ ment, while
TIE fields e the farm have been compare vely neg
lsoted sri failed t. fUrri-h the cheap bread SAD
meats which the aiSan and manufacturer should cor-
| FUN e in such land If plenty a. tis.
Such then, is the stste Of things upou rs. crisis
ike II pre- ~ IN liz various and complcs.s aspect
| CT otuJse We were altogether uppTepated f)r sna
al boush bend and wIithe under rs pressure, YET
With proper spplicanon OF our energies, ana re-
tuIp to sound AID wholesome action, our position Is
I reilher ure'Iievsb,e ror without the bGoyancy OF
| cheerful hope. Our depression mus. from Its very
vileuce be ten porary. We have fu!ness and tat
| ness all over the LAID which, wanting only wise
use must rspidy restore US 70 our wonted yigor aud
! pros psrity. We must cene importing unnecessary
| soc6s, ard even necessary ones We must dminlsn.
We must setle cur domestic debt, among eae. other,
If we carpot pey them in fall and do the oesf we can
with those abroad. k'eB good jain Thertrer ~ IS ~
or po,,t-. Creditors must be erient, and debtors
| btLts pay in soreitog that they have, or can
| con an d. Reuench in expenses wherever We
can; il cur no new lisb les until the old ones ale put
in train OF liquidation; and twelve moths viii again
| zee us prosperous and g happy people. Our rail-
na6s, although teo many too eIpsnsye, and man
aged sgaIily have vastly enriched the country
at large They have brought the utternost parts oil
the lsnd into cose busnes. connection. and opened
resty market for all its products. AT staT cost use
4
furdtd o. national debt is funded and spread, pro
rata according TO their benefits, over the soi, they
| would Prove q good Investment So the countryis
not The poorer but the richer fer their presence We
have diffusion Of busness energy and talent al over
| the lard witch reed only to be applied with e9aal
wisdom and force 10 restore US 10 sb ort period OF
time TO our wonted prosperity but s the more sub
rt.ptjsl for the sound esson we shall learn from our
| past cslsnites.
Everybody almost, kas supposed that for the last
five or Fix years have been wonderful " properous
i ~ .pfp a.. a
| could bsve been posperors in the only legitimate
| line CT property, if we would. We had the golden
stores q Cslfor ia st our Command vita which TO 10y
the foundation Of the NJ ct sold ard enduiins wealth
II could have laid the basis Of currency uneq laed
| by England. or Farce, or any European country
| Whatever. With q fair protection to our domeetc
se eSnd nsse Sss up rs,o
| would have given good prices to our farm products
Instead Of depending upon the fucsualors OF an IN
certsn foreign demand aid saved Us from the e1cess-
i've careoes of foreign goods thrown upon Us which
We be,thtr needed were able 70 pay TO-, Iastes
Of his under the free-trsde policy gold has gone
tc Europe TO pay for trtmpfry Of which we had I'd
neec 60 far o. il has been paid for at ALL and the
p,d basrc e bas left Us with fearful debt which will
either be paid, or entail upon as long years OF
or cisl age and suffering. And this s rot the
wort ofit: We have run into e1travsgant habits IN
every hing The people Of cities have built grand
81 costly houses, without knowing how to live in
them WI en- built; bankers have erected imperial
palaces for the Transaction Of their business. which
honest banking could not Afford our fancy merchants
have fquaIoeIed their ft.ies and hundreds OF 'hou'
sat ds in stores which reasonable profits Ia 4ir
sales I'D justify; and down the whole ca,a-
los ues Of trades and occupations tbroughouts reck
less extravaganza in oil soits Of business As nat
ursl queIce Of these our dress, equpsges snd
pt dituye have been all Of spiece land while
The nis;ress Haunting abroad in her queenly at
tire of Partisan al London fashions the kitchen Maid
snd scpon have dashed out in their silks and fur
betws. Mister John, the coachmao, sports his gold
ebsin snd iii &C. while Bed the boot-olack sports his
nr stache ana wskiI gstick-al classes either above
or below their proper business, and enjoying he
at who In all THESE We nave Deep natioh oI
| foo end fiurkeys.
There ,s bit yne honest ard Legitimate way Of get
trg ont CT off cutes ard t1st is to drop al t1is
Ionsers e reuench and ec,nomize, ard go earnestly
10 wmk in sene useful occupation. There is 70 pres
.nt hope Of wholesome return TO what will give us
Ell DUN and wellregula'ed property sound tar'f
law. C1t.tn has got us BY the thro:t; and u1sl Col
ten gets down TO five ceIts pound instead Of ten or
twelve snd field bsnts' to $500 or 500 head In
stead CT a 100 or 500 20 long shs we run on h1c-
| tuatirg race Of prosperity ard disaster. IL Europe
cap sfoId 10 'porge out eeb' OF txo or tarse nun
yess oi by that way Only che keep up her present
cCu,se OF tIsde with us, be it se. And u tn. North
car afford 10 wipe out debt Of twenty TO tfy mlons
Then, again, every wiseacre as nov, is foil OF ne~.
born prt .cts to ker the currency The banks must
be reformed, cay they as the banks and their man
aPers we're anything but the creations OF the people
through their law. makers and themselves, through
| their Capitalists The banks have been to blame no
eoubt but not more than their borrowers, for which
| the former are getfirg well enough punisned
Though the d.ln quency !f the latter No 70 tsr =:
alone. They doing wei ss they can; our bstk-
irg lave are good laws They give Us safe currency
as they sie better than that Of any other State batter
than Ii gland Scotland or France which professedy,
are rrsc's oounfres and let their private rarsscons
With III. ir depositors be mace, a. other inoigiduA
rsrssctons made, betseenhe contracting parties