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

.,s ...~.,o 80 s-r,e a 10 eauee TIE purchase
Of votes 10 an sISent and ct pr.ce before opknown
90 Ma elections woad be ca nv mid ~ Sann"S.
&.I--s2 a. vosA have found ito way into the
80 $780,. thst il would have superseded the
sSsysnns Of she Consultation throughout the ssutn,
=. Gs.sn.. Az. A would have superseded the civ1
hSs;sv n one Of the States of the Union; that the
.:shs afyhe states 10 prohibit Slavery within their
3rsa roaId be 70 eenoufly questioned as TO warrant
- h.Eef that the day was near ~ hand when NJ
-. he totally denied; that all the decisions OF the
uyrcns Court for sixty years avosebc 10 Freedom
VOID by this time have been reversed that the doc
Nne Of constructive treason would De adopted in
U,Sesa Courts: and that the rights OF the citizeh
wsu;d ne thus in equal peril, from the extension Of
ksal authority on one hand, and the Substitution I'll
nSe law OF force On the other >,
That pelygamy and slavery soaa go assa 10 s
Sf wives would be publicly proclaimed ey men
Aelding highly important Offices under the federa
essyernment
S>emed essential to the representation Of the Union
1hatfereous dscord would 80 Gar have grown,
LAT the question Of the private opinions OF candic
sate Tor the Presidency, in regard to matters OF
,ebgious faith, would be discussed throughout the
U.sen:
That the dscord between the Northern and South
srp portions Of the Union would have resehed the
Dsxuf of civil war; attended with growing disPo+t-
6sn 10 is various portions to look cenpiaceatIy upas
he idea Of dissoutios: and, finally,
fAst Germany, divided and distracted az II wac
ksfose the formation Of the ZO Vereta, was likely to
De seproduced in this Western world, the Union tend
hg steedly toward dissolution the result OF which
would be that the several fragments would become
psxe took in the hands OF other powers. .-o nm
This is gloomy picture, and yet 1t 10 true one.
Not OF these things would few years snce nave
been believed to be Of possible occurrence; and YET
sith the exception of this last, they are, one ana GIL
bow matters Of history.
How they have tended to the production of changes
N the modes Of European thought is exhibited, Nr.
President, in recent British journal, IN when, aiteF
showing that the idea Of the vote by esot OF ran
Aood suffrage" and Of household suffrage, had
nearly passed away the writer proceeds to say that
" This Revision of sentiment and opinion IS ~ a
speat measure traceable 10 the spectacle OF the amer
lean democracy. We a deep debt OF grattuIe 10
ne United States for the pregnant lessons they nave
taught US, and the timely warnings they have gwen
few years ago the substantial deep-seated,
Dng-desceDded fabric Of English Liberty was IN danger
from the blind but honest enthusiasm of the Encere
epds of popular institutions: nor, If we succumb 10
Ahat peril, we shall be wrecked with our eyes open
The tide has somewhat ebbed aud the rock ls above
water. Let inquire little more 10 detail whn' the
warnings that have come 70 US across the Atlantic
are"
The time has been. Mr.. President, when you and |,
And all Of us, we're accustomed To believe that the
rrest Republic Of the West to be the pillar Of
Eight guiding the oppressed of the world in their search
fOr freedom. Widely different from this, IT has, az
here il shown, become the 6edcoR hght, whose only
nse is that Of warning the world against the shoals
and sands among which ship is likely TO be
wrecked. Turn back, Mr.. President little IN our
history, finding the pages in which are recorded the
early efforts OF the central power to OBTAIN direction
az the currency and you will, as think find the orr
gin of all these changes. From that day to-the pres
ont one with slight exceptions, Capitalization has
grown steadily and yet, strange it may appear in
patriot like yourself the whole tendency of your Mes
sage is in the direction of further Capitalization.
The more perfect the form of the ship, the more
rapid will be her passage through the water, and the
more certainly and speedily will She under proper
guidance, reach her destined port. The more rapid
and complete however will be her destruction should
her pilot her upon the rocks that lie IN her course
the reaction then produced being IN the dlIect ratio
of her previous action. SO IL 1t with nations The
higher their organization the more rapid is the move
ment of society and the more instant is the shock bat
attends stoppage in the circulation, The passage OK
IN invading army through Peru, or Mexico produces
kttle effect. beyond small destruction Of life and
property; but smllar event IN England would cause
the closing OF factories the sOppage OF mills and fur-
naoes, the abandonment of mines, the dispersion OF
fhe people aud the suspension Of all the machinery OF
local government. The power OF recuperatlon exists
however, in the same degree-the recovery from the
effects Of war, in countries like France or England
being much more rapid than II can he where the go
<setary circulation is languid and where the waste OF
property, or of population, can slowly, even at ALL
be repaired.
In no country of the world do the effects of change
become 40 promptly obvious as among ourselves and
for the reason that-ths political organization being
here natural than ia any Othcr-Ihe tendency 10
Tepidty 81 circulation is so very great. universal
Onion tends TO the production OF great mental acv.y
and whatever may be the direction in which the ship
OF State 10 guided the movement toward the rocks on
the one hand, the haven on the other IL here most
sapid Such being the case il is easy ~ account for
the sudden and extraordinary changes that are here
exhibited and that 90 much surprise 'he people Of
other lands In the decade that follow cd che passage
Of the tariff Of 1894 there effected greater m
preyement than had before been witnessed in
any Countrywide people having passed nom state
81 poverty TO one of wealth-the country having be-
come 80 attractive TO cause ~ the following years,
. vast increase OF immigration and the Government
for It's support, TO borrow money, TO one " whch-the
public debt having been exiting uished-ft became
necessary TO emancpate from dsty all the comnodes
that did not enter into competition with those pro-
daced at home. Nevertheless, bat seven years later
The people and the Government both were bankrupt;
The circulation Of society had almost chopped, and
psuperism, TO extent that wasAlarmng, prevailed
Throughout the country. The cause Of Shs was TO be
found in the fact that protection had been abandoned.
Asain in 1870, the system was chsngedi end, before
the close Of the first FIVE years the whole appearance
Of the country was changed-the circulation Of
iety having become rapid the credit Of the people and
che Government having been restored, and the
Ay having once mere been rendered 80 attractive as
70 cause large increase if immigration. Again. at
the cloee Of 1876, was the system cRsnged-prstec-
Con having been then abandoned and free trade
lhen again inaugurated into power; and now, at the
chose Of the first decade, witness O decline more
yapd and more pervsding, than i recorded in the
Astory of any country of the world.
AWhy is that such are the ELECTS produced, will
be shown in another letter, from
Yours very ''5fs SSsYys S.nry
PAasSssass Dec. So 1857.