, 1859-07-29
4 WORD ARoUr WuRxxN mDUu
WkR. -.

"a ! Friday JuLf - 1afa
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:, -. :. T4H.
The extraordinary depression Ia the prices
o{ Western produce, taken in connection With
the war in Europe and tie 1tate Of the crops
elsewhere, would seem T. indinase that tha
prosperity Of this country or. ut ieaat Of this
section Of the country, u mainly contingent
upon the advcrsity of-osher countries-tha,
tho Advanoe of tbs American farmer N wealth
is hinged upon the uncertain contingency Of o
famine In England. Russia OF Germany. Or unau
thevitdent disruption df feommerci1 relations il
Europe, hy war Fulsow 'g out this theory, if il
boa oorrecs ''ne, we arrive at the conclusion ,hat
npeaoe and good crops arc the rule in foreign
Countries, and war and famine the exception,
high prices Of cereals and the consequent pros
perity Of the Vest arc to be the exception and
low prices and hard times the ruto heuceforth
until new system Of industrial policy il inau-
Rurated:. rho. nred;cancnt nc find ourselves
in may be thus simply stated: ARricul.
ture, bciuR tho simplest Of all occupalops
aad requiring cotuparut;yelr the least can-
i1al is tho principal dependence Of al,
nations for tic means Of subsistence. IN
nearly, all the countries with which "a bava
caaruorial relations, tho annual products or
tho soil are. sufficient for tho home cousutup.
ton, and in au these countries tho nrico Of Ia.
Dor ia ,suuh That VIC ane plaoed in q dieadyau.
taseous position as competitors IN the only
departmcnt Of productive industry in which
Ne claim to excel. As q neonle cd.
vaaocs in. wealth, It's surolus canita}
il Invested either in the further develop.
ment Of its agricultural resources. the tendcn.
cy Of which, other things being eoual. ia to in
crease the supply and reduce Tie pr;cea Of its
prodncta. or in mining and manu6,ctnrinc
which tends TO keen I'D the prices Of tho mo
ducts of the soil by Increasing the number of
consumers. Only snaH portion Of the ryor]d
relatively is engaged in mining and 1nanufac~
turing, and since ali civilized countries mist
hare the products Of mines and manufactures.
there is less danger Of plethora Of such pro-
ducts in the markets Of the world than Of p7ain
md meat. Thus wo see that England France
and Germany, while producing nearly enough
cereals for their own use every wear hnye a ley.
e,ace a,aiust the rest Of the world ar;sinp
from their surplus Of M antfactured products
wtict. arc 50 TO speak, constant ouQntilv in
the sca1c of prices wh,le onr surplus of bread.
stut1a have the enormous range Of two do11ars
down to fifty cents pcr bushe1. according tn
the sta1e If The crpns in other connt,iaa nnd
their peaceful OF hostile relations with oacb
other. T. g late conflict in 1ta,v tos sboe,,
that It IL net a uor e;nn,v that on,,,roas ,ho
nrioea of Western nnod,,cts t,,t . ,,,r .,,o,,-
nanied bv tbe b,ockadn, os ,>o,,s ND .h,.
disruotion Of commercial re,ot;one hatu.e.,
countries wbic,, nnod,ca a surn,na of o.ro,,.
md 7hosa vhicl, do mt
II man;s.s. firm, ,,aeo considerations .,,.,
tho vest-tbe Tinted st,tes-u;11 horo -,
bas;. cr /, rs-,,,nan+ .nd ;,,..o.;.--.oa-..
~ unt;t Il dav;sss H.. ,na,ns r. ~ a~t.aa;-,
narrfac,nr,nr ,,dr,,-.- xrh;,,, ,h,, ......
constan. and ,a,;ab,a dan,na Nv ,,,o &C.
nrodnct. :of ,ba e,;, md .,,,,,. -. - -,
at home 1}e rrec;ouz metals u,,;c., .-a ,,,s,,,o
in such protusion hut are wbo11v rnah1. n
keen, We ara mt now dise,,ss;n, thu odv,n.
taees to accrre from n ff;vers;acation of indus
try. hut tbe simn,er and or,rar r,oh,a., IT,.
shall we nut ourselyes, m an ;nd,s,r;o, and
commercial power, out OF the roach Of sucb
fantastic contingencies as n,entv or fam,na
peace Or war, in tbs other quarters Of tit
globe7 TIL ouscry against foreign importa-
tons will not answer. 4 repression Of M.
tionol extravaganza would be nova in thc