New-York daily tribune., 1857-10-02

no manner of aoubt-unless, a. we have sad' IL
ue,e made felony to utter or give any son oi
promise to psy whatever. 80 long n c'eo,' y u0'
made high crime, credit will be sought and gwen
and SO long as credit shall be permitted to exist we
consider Bank Notes, payable in specie on dem'no
ard secured BY good Public Stocks deposited ID .1o
States strong box, the very best form OF it that inc
wit Of Man has yet devised or discovered.
3. Mr.. Windt believes that the abolition OF Paper
Money would so depreciate prices IN TINS county
that we should underssll Europe in lron' Cloths
Wares. &c. We reply that experience contradcts
this assumption. Manufactures do not graVitase
toward Hard Money and Cheap-Labor countries
but the contrary If Mr. Windts assumption were
correct. the Cotton Manufactures Of India should
have supplanted those of Great Britain but the re-
verse has actually occurred. When Labor was not
maid half so much in Ireland as in England,
Epsland manufactured nearly everything for Ire
land: it is only within the last few years since
Labor has largely appreciated in Ireland that ner
manufactures have been rapidly expanding. Hard
Money Turkey is in good part clothed from the
loom, of Paper. Money England, ard imports nearly
all her Metals. 1t would stretch this article TOO
far to give the reasons for this state OF fa''s ou'
the facts themselves are indisputable.
4. Mr.. Windt agrees with us In considering our
present National policy about as vicious and run
GUS az could well be devised, but we dlter radi-
cally as to the remedy. He earnestly believes that
it is to be found in an exclusively Specie Currency;
we think that would have no such effect as ne an
ticipates but would only plunge US deeper into
bankruptcy and cause us to retrograde toward gen.
e,al poverty, weakness and barbarism. IL was the
disastrous failure of Hard Money and Free Trade
that force the reluctant States in 1879 to form
ard adopt the Federal Constitution. We believe
Protective Tariff to be the true Nationai remeoy
for our present commercial ills. Let it be decreed
to morrow that no Foreign Product that comPetes
with homemade one shall henceforth enter our
ports without paying from 40 to 80 per cent duty
and our Banks would be all right within thirty days
Confidence would revive; hope would replace
despondency; mills founderies and factories would
call for additit nal hands; aud at least Hall Mn'
lion persons, who have now miserable prospec'
for work and food this Winter, would be fully en-
ployed in making the Iron, Cloths, Wares, &c.,
which we shall partly import and partly do without
under our present system. We do firmly believe
that the annual increase Of our National wealth
under this Protective Policy would be One Hun
dred Millions more than under that which now pre-
walls, because our Labor would be far more gene
rally employed and satisfactorily paid than it other
wise can be.
-One way or the other, change is newt
able. We cannot go on burning our candle
at both ends as We for years have done. Aud,
when we next take up the Tariff and Cur
rency question for action thereon, let us have an
issue broad as the vital matter and make no sham
bling, temporizipg, halfway business Of it. Mean
time, .nce it is morally certain that nothing can
now be done with tour next Congress beirk
nearly all e!ected-let US study, reflect, compare
notes, and be ready to act wisely and wOrthily,
when next called to act on the Currency Question.