New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-05

;ps bodies a. @ part Of our national wealth, coun@
slayes only Men are means Of acquiring proPeni'
n for that reason they may be counted al the ocn
A. property itsah why not at the North also buI
that, as would show the comparative poverty Vic
South, would Dot suit the policy OF the DAY
The abolition of Slavery would contribute 70 pre-
vent the frequent and dstressful arrangement N me
commerce of the country Sui more wouu ti,e o.,
htion Of land monopoly. Indeed 10 aito" eVeiT n -.
his natural night Of access 10 the soil would De 70
remedy no small share Of the greatest Ills when ths
world suffer- Abolish land monopoly. and the grsa'
MACS of poverty would speedily disappear.
What makes the hard times ETra'"s"H' -,
inc h, doubtless among the most efficient causes IN
this toly the masses Of the American surpass mo
masses Of every other people. just here let me sy
that the frghtful waste OF property, strength, he.u
life moral in the Use OF tobacco ana NtoA'ca'Ins
minors i an immense dTawb back on the prosperity OF
our country How lamentabe that even the warrnest
friends of temperancethe most earnest advocates OF
total dshrnk from taking the GROUND
that such liquors, when offered for sale Tor hrinh,
are not invested with the sacred nights OF properly
bu. are To be known and treated simply ~ nuisance
Our enormous imports 60 far 20 account Tor our
hard times" The tariff men are night IN saying that
no country can be prospering greatly winch hIli9
much more than il exports. cannot however fail IN
with their plan for reducing the excessive imports.
Better 10 let the evil continue than TO invade the
natural right Of to buy and sell freely where they
please II We allow our regards for all portions Oh 'he
human family 10 be impartial, We SHAH see no more
than between COMMITTEES and townships. .
Again. for 80 young people, we have multiplied
railroads rapidly and Invested far too much caps.
mi in that direction. Moreover, the moneys to build
them have. in very Rany instances, been obtained al
excessive and even ruiDOus rates of interest The facs
that most of the roads have been built IN too great
hurry To be well built, and that most of them have
been mismanaged, are further explanations OF Tue
wade of capital.
will add still another 20 my enumeration OF the
cau-es of A" hard times" "pres-ures for money, and
kindred evils. Ths H. the usury laws. These laws
are among the super.tions that still lnger IN the
political and economical wOrdiOr there are supersti-
lions there a. well AZ in the religious world. Let every
man who has money to lend be- let. ntirely free to
bring il 10 the common market, and 10 receive for tho
use Of il whatever may be the ruling price
But after giving due weight to all other causes OF
our commercial revusions and "hard timer, it must
be admitted that we shall never be exempt from these
evils 80 long system OF corporate banks con-
tinues. They, more than any other one cause, con-
tribute 10 those frequent universal expansions and
conracOns of credit thaiare iraught with such whe-
spread distress and ruin.
I made the supposition that Mr. Aston Mr.. Corning,
and Mr.. WadswOrth might become bankers in the
event Of the sweeping aside of the present artificial
banking arrangements, and of the adoption IN their
stead of arrangements in harmony with natural nights
and with common Steady would be theirs issues
for oil the one hand their great wealth would save
the necessity of hastily and irregulary contracting
them while the other their great caution, growing
out of their unlimited liability for the redemption of
their issues would prevent the undue expansion Of
those issues.
close my letter with saving that no evil is to be
apprehended from leaving the people TO the free exer
else Of their natural rights provided only that Gov
eminent will weld faithfully aud unsparingly, its
ample penalties for the abuse OF those rights.
PcfeTbOr0', Dec. 81 1857. OEbklT SMITH.