Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1858-01-26

4 favor participates ia the general ruin.
That the owners of houses are unable
to collect their rents; and TINT their prop
, erty declines in value, while the taxes are
= Increased. Ra9N
That the farmer finds his consumers
, declining in number, while his competitors
are as rapidly increasing the System Of
II the country tending, as it long has tended,
Il toward forcing into the work Of cultiSa-
Il ton allwho thus far have found, or should
have found, employment in mills, machine
4 fshops, mines, and furnaces; and that he
haa now befofs HIN. Should Prov dehce
favor him with liberal crops, the prospect
Eof seeing -four at a lower price than has
ever yet been known.
That the planter has before him a re-
duction in the home demand for his com
modify, to the extent of 100000 bales;
that, almost simultaneously with this de-
creased demand, his crop is likely to be
four times as much increased; and that,
therefore, should he be favored in the sea-
sons, he, too, is likely to see his staple re-
duced to price lower than he has ever
i seen.% rsea
Taking, now, the probable reduction in
the value Of land, and in that of slaves,
at only 3 900, 900, and adding it to
that in railroads, mills, mines, and furna-
ces, we obtain the sum of $2,OOO,o 600,
600. Adding now, thereto, the reduction
in the value of real estate, other than
farming and planting land, we shall obtain
a sum of not less than SO, SOC, 900, 900,
as the total amount reduced; and it may
be almost twice as much. E&.a
Somebody profits by all this loss
Who is it? The mortgagee, who enters
upon possession-frst selling out his poor
debtor, whether the little farmer of the
West, OF the great proprietor of mills,
mines, or furnaces in the East. The
usurer, who obtains one, two, three, or
even i've per cert per month, until the
poor borrower is ruined The govern
ment official, whose salaries and perquis-
ties have been already doubled, trebled,
and quadrupled, and will be now increased
in value, while the working men around
him suffer, if even they do not perish for
want of food. The member of Congress.
whose salary has been doubled, because
of the rise in the price of food, and will
SO remain, now that its price has fallen.--
The non-producers are thus enriched.
while the tffen Of enterprise, and the la
borers, are despoiled. tk s
Turning now to the Treasury, we find
it already bankrupt, even at the commence
ment of this downward movement Irre-
deemable paper being now to be substi-
tuted for gold and silver, the influx of for
eign merchandise, and the efflux Of the
precious metals, will be much promoted,
and thus will the way be smoothed, to-
ward total bankruptcy, such as was wit
messed in 1841 and 1842. at8s
s Such, Mr.. President, being the materi-
al condition, present and prospective, of
your fellow-citizens, we may now, for a
turn to their moral one.
Commencing with the central govern
ment andits capital, we find an amount of
official corruption not exceeded in the
world, outside Of the Turkish Empire
the affairs of the Union, for the past few
years, having been administered with a
single eye to the profit of official persons
md their friends, and not with reference
o the interests of the people. Passing
hence to town, city, and county admins
rations, we find continually growing
power, on the part of the central govern
nent, to control and direct their elections,
With correspondent growth of fraud and
Turning now to the commercial capital,
find its situation thuc described in
ournal of the day; and unfavorable as is
he description, none, as think, can deny
is truth:
"There is no town in Christendom
where, in proportion to the population, an
quail amount of crime is annually COM
nitted. We do not go much beyond the
af tl,a xuba q hot
er is thing here of daily occurrence
1illainous and dastardly outrages are
lightly perpetrated in the streets, and
ometimes in the open light of day. The
ity is the headquarters of the rogues,
hieves and pickpockets that are scattered
throughout the country, and is the main
heater of their operations. Nowhere else
! this country does vice plant itself SO
penly, and with such impunity. No
here is so much countenance given to
owdy gangs that keep quiet people in ter
or. Nowhere have things gone on from
ad to worse sorapidly, until it is at length
pparent that unless some speedy change
Dmes over the police management in New
ork, and the administration of the crim-
lal courts, a state of anarchy viii ensue,
r honest citizens will be driven to organ
e, and take.the law in their own hands,"
Passing outward from New York, I'VE
nd rapid growth of rowdyism and in
mpt rance, with corresponding decline in
le security of person and of property
auds, peculations, seductions, murders,
nd crimes of every kind, increasing with
lch rapidity as fairly to warrant the as
'rtion in recent Southern journal, that
the United States are fast becoming a
sry stencil in the nostrils of mankind.
sin the four years which followed the bankruptcy
1871, when speculation had ceased, and when all
sre required 20 work, the cotton crop was gre9fer
total of 600 ,OC0 bales, than in the four previous
es. Nine years sncet the crop had reached 2.s0D,-
o bales; and now, with favorable seasons, there ex
reason why It should not attain the quaptty Of
lOO000 bales The land Prepared for " and the
ople there 10 work 1t. The crop iuust largely -
crease. and the European demand must lessen, be.
,vitl, doe In fha rrfce of