New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-12


rapidly diminishing, while here, among O1r'elSss,
the public cebt is hourly increasing and the tres-
sury forced TO daily sc:. of bankruptcy, ns con-
sequence Of failure Of the revenue
Tuning next to German railroads we God, in
journal Low before Us, the srpss receipts Of SIX
teer-being those in which ttere hsi been tse
greatest amount of change consequent upon thc
crsis-to have been:
In ls57................h 1er. > I69 So
Ard for 1888. ,3Oi LOO
Total difference .-.........-... olJ,o9!
or little more than three per cent, all Of which,
81 we are told, will be recovered in the present
year. How widely does thi. contrast with the
state of sfairs among ourselves, where va may,
as We think, find several roads, each one Of which
has experienced greater loss than is here eI-
hibited.
Looking next TO France, that other country
which, as British journalists assured u', was 80
largely to contribute to the disturbance OF the
commercial world We fod, in the Treasury Report
for tie present year, that at no period have the
frances Of that country been in so admirable con-
diton-Ievenue flowing in with facility that bias
no paralel-tsIes being paid with promptitude
tina. lessons greatly the cost of collectiOn-fo,tins
debt decreasing steadily and hrgely-aud the
treaury being filed to ar extent twice as great as
at the opening Of tie previous year.
Passing now TO French railways and taking the
prices of the Itock in FIVE Of the principal roads,
We find the average,
In May, 1851, the period Of great excitement,
10 have been...-.-..--......--- -------. t9ol %
In ls5S the mean between the highest sud
lowest prices Of the wear wss............ Sii 20
At the opening OF the pr, sent year, and be-
fore OF course, tie ,threst of war that
now depresses the prices Of property OF
every kind, the average was..-....-.... cog %
We have here change Of little more than ten
per cent-not more than nigh! fairly be looked for,
as consequent upon tie explosion Of speculation in
EDgl,nd and the United Siates-those tgo cOun-
tries vhose material prosperity, two Years since,
was said to be most permanently secured. Among
ourselves in the same period, the stockholders in
mary Of our roads have wholly disaPPeAred-the
road, themselves having passed into the hand. Of
boudholders, and the bonds Themselves being worth
but bali the cost. With al Of them, bu.lne. has
been declining, with constant increase Of cOmpet-
ton aud decrease OF profit, promising, At no dstalt
day, the production Of a scene Of railroad bank
ruptcy .uch as We have no: yet witnessed.
TIE differences thus presented for examination
are very great. To WIS! are they to be sttrb-
utedi To the fact that French aud German policy
look, to the liberalization OF employments among
their people-to the relief of the farmer from the
tax Of trsn'portation-to tie Development OF real
sgriculture-to the opening Of domestic marke.s-
10 the creation Of local trade for railroads.&c. the
enrichment Of the people-ani, as necessary con
sequence, 70 the Strengthening Of tseir Govern
nent,. Our policy, on the contrary, looks to com
pellrg our whole population TO engage itself IN the
work Of scratching out and selling the soli-to m
crea,iDg the tax Of transportation, while diminish
ing the power to produce thiugs to be transported
to tie humiliation Of agriculture to closing up
oil local markets--to compelling railroads to be-
come more and more dependent on the distant
trsde-to Impeachment Of our people and, as
necessary consequence, toward diminishing the
power Of tie Government to protect its people or
t,elf TIE results are seen in the facts, tsat the
shipping interest is prostraIed-that railroad COM
panies are ruined-that factories and furnaces are
closed-that agricultural labor becomes less pro-
ductiye from year TO year-ths. crime and pauper-
ism are growing with a rap dity unknown to any
other portion Of the globe-that, Throughout. the
Wet, money has become almost entirely unsttaln-
able and land is everywhere being sacrihced-and,
that the national treasury is utterly aud hopeles,ly
bankrupt.
Careful study of these facts might we think,
satisfy the hip owner, the railroad owner, the
laborer, the farmer, and the Government, thai
their real and permanent interests are To De pro-
NOTED by the adoption Of the policy which has
worked so well in France and Germa1y-that
policy which looks TO creating on the lsnd mar
ket for in products, and thui giving value to
both land snd labor. Can they rot be persuaded
to enter upon such study, with view TO the
eItr,cstion Of the country and themselves from the
sad condition il which both Are placed