New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-09-08

for NewYOik-tn con-, oats, cheese butter end hay,
most of which goes cosstwise TO the South, sJO,-
coo GOO. And for OHIO, on al these products. Is
SOL 0O0,0C0. Thus the value q exports in Ohio r.
ce.ds ne rGle Of czDots IN Mr. York TO egrcul-
tore ard mining by htyty-onc mWoas u doIdrS.
Here il tie great and real baes Of wealth; il is the
pcer 70 rtalI:c on the products Of industry Ohio is
now worth on noasGnd nuii0Hs Of dollars, aud three
fourbs OF las been made ont O the profits % aoof,
applied 70 agriculture, mirirg and manufactures.
Tie sixty millions Of export values ten per CENT H.
teest on Elk hundred millions cf doars and represents
tie let profits Of TIE State Independent of its CON-
better result than TINT shou!d ike TO see it, and
where IL The community, which has more sold basis
for financial prosptrtyl"
-Tlere is much force 10 this exhibit Ohio has
good reason to be proud Of her industrial achieve
ments sLd feel secure ID her financial position. let
there is enc grave shadow to this picture which
The Ga-tne does not seem to note yet which we
seize the opportunity Of pressing on lite attention.
We allude to the practice Of her mcrchaut'-
founded, also, On that Of too many OF her farmers
of iiyirg in advance Of their means through the
opt ration of Mercantile Credits. Why should
con nunity so rich ard strong as Ohio perslstentiy
sell this years crop to pay for last year cioth'
spices and coffee Why should her farmers be Tor
ever working for "dead horse n Why should her
merchants tuy stocks ofgoods on credit thus Fan, 70
be paid for in good part out of the proceeds OF next
years crops Ohio is richer to day and easier IN her
finances than the seaboard cities: why should she
be forever asking them for credit aud paying them
interest? TIE failure Of her Life and Trust Com
psny proves that financial partnership with
Wall street is not always profitable; can she
really believe it her interest to remain Tor
ever debtor TO Pearl or Broad street Rely on 1t,
men Of Ohio this buying your goods habltualiy on
credit is not well foryou 1t depriVes you Of your
natural liberty in choosing your market; for the mer-
chant who owes on running account in one sea-
port must return thithcr for his next stock Of
goods paying so far as he can, thereupon making
new bill, and go on indefinitely Is it not high time
for Ohio to get ont of this rut She is rich and
prosperous; Ter forests have been swept off; her
railroads are constructors her dwellings are built.
Let her farmers now resolve to buy goods hence
forth for ready pay ony, and her merchants will
gladly follow their example. Prices AID profits will
come down. trade will become stable; fewer mer
chants will 60 the business; fewer supetiuities will
be boueht fewer farmers will be compelled to sell
their homes and 'go West to satisfy executions
OF pay store-bills Those who now pay for all they
buy will 10 longer be required to pay enhanced
prices f r the millions worth now consumed by
thofe who never pay. In short, Ohio may add sew
cral millions annually TO her wealth by limiting
credit to lie natural boundaries-to men who are
well known TO and thoroughly trusted by tie cred
itors-aDd buying or selling merchandise only for
cash. Will not The gazette lead in urging this be-
neiocnt reform on her peOplel