New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-28
ANOTHER HAND AT THE BELLOWS.
fe Ae LdnS Of M N, T. Ty1taa

SIR: have been az interested spec. a.or Of The
great struggle which 10 going in the business world
We humble farmers capno, fully appreciate all the
troubles which are overun Os city cousins, tbosSh
We have ou- own well. Sid, we may be sb!s 70
get an occa-iond glimpse. II seems to me thai soss
ye. uly appreciate the tue cond, Of the goat b.
tertsts oftte country. 10 some respects, US msygss
knowledge from TIE past 10 Others the past ear give
light, for in all psst history there 10 Bohisg thAt
compares with the present.
The production Of the precious metsl,, "a IA ~
nytbmg is shosn By history, has been controlled By
capita until s;rce the d'covsTy Of god in CalJrn.s
and Ausireia /. is row controlled by labor. Labor
10 therefore beginning - muster capital Tue chsegs
TO be produced thereby Is Glow nut People maSe
depend Spon labor more AID capital less. Thu snsw.
The foreign trade OF our country has Always bsee
fostered with great care, ard encouraged by oil kinds
of friendly legislation, because IL wss eossitered Q
source Of national wealth. II 10 greet mistake, for
our foreign commerce hes been thus far dansgs
rather than a bere6..
II is only benz feisl when kept within iss obses1
importing desirable foreign products exchsngs for
supertuous native ones. And 70 be sdvsn'syeou,w
the country, IL ought 10 DC controlled when ia isnss
is profitable 10 those concerned Ia IL only whsn Dc
nand pr.cedes supply. But when supply prscsasss
dtmard, speculation ensues products gutths msissS
depreciation follows, which ends IN We ruiz Of indi
prOsiration and paaie. =
What We grow ourselves IL wealth less the eoa
Of pr duc'iou; what VIC manufacture il wealth iess
ibe coet Of the raw msferiai; but What ve inpu
or export may may not b. sltb. In stAtiog tne
sccotrt must debit the bu,iuess with cost OF ms.sn
81 charges, iitk OF debts, msohzsry and labor, ED
he condition Of exchanges. ..r
Con meroe, therefore. i merely broker that nay
er neh few but At the expen Of the many AMI csn
rot long b. prosprvus unless 6oed N is sgitirss
object I's oesolatpg eff. cts may DO seen In esey
tl'y now, srd can he read over the ruios OF ryfs
Carthage, Pb@picis Venice, malt. Gsnoa the Hsnse
l. WIS, &c. Each for q time displayed the iad nnie
capital 81 credit Enterprise bega general d-bs; sad
for every debtor there must be creditor. When tae
day Of settlement came The bubble burst tor the real
money and property had remsined uncsaeged. Tbs
great lesson seems yet ua'eerned, t'st eli wealth
individual local ard reaive. not nstioosl sbso.
late; and ths, although individuals may be enriched
as 20 other individuals yet the average coadlhcc On
the country 70 ans as be The tida Sow Of con.
ueIce niey cheaper n1bey, inp>ase eisea'aton. 80
thus facilitate the increase Of debts. But the eoo
comes IN sdjrstirg balauces ard then we have psncs,
ard general collapse Of the credit system Fortunes
melt into splendid dreams yet the real wealth OF ne
country 'emains unimpairSd For azricui'a'e els
Manufactures open more permsreut and secnre sourcss
OF prosperit2 than traffic Of soy KIDD ani .. me
trade ifom ~ quick urns, is more p'oduc'v. " :.
any 6regn trade can be, and these are comp.rsu'eT
Unnamed.
Banks are TIE creatures CT commerce, e1d grow ouI
OF lis e1 ger cts end aye Elway' ahsctea ~ tos a. a.
diiion Of their fnss'er. They ebo aud nov VIZ
commercial tide, ana no lsgislaton can pfs'sos
corsfsctiots and expa-eors, or suspsnsoos y.
csn control clrDmeTce. IL were Idle 70 pis~ssi
banks for the present oIiss for teey have oas
tie immViable lave of Isds. Yet, OWES a"S'-"