New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-01-20

The year 1859 opens with clearly improved
prospects for business ADD industry. There Is
general sense OF reef-s feeling that the worst Is
oyer-a confidence that the next eighteen months
must be- at the worst, far less disastrous than the
last. The financial crash Of 1857, the consequent
paralysis Of trade in 1858, with the short crops
throughout tho most fertile and food. producing
section Of our country have left our people very
poor; but We are sll expecting to do better. The
disasters Of 1857 caused very general stoppsge
Of Manufacturing and Mining; and, though Trade
has since been slack and the demand for Fabrics
and Metals restricted, stocks have been gradually
reduced and worked of until factories aud furnaces
are being set in motion again with fair demand for
their products at living price,. Those prices are
lower than formerly; but labor and other elements
of Production, Wool excepted, are cheaper than
they we're prior 10 the Regulsion, and AFFORD fair
basis for moderate and steady activity. Manutac-
lures in the average promise to do fairly in 1859,
whatever may be the action Of Congress.
But, should the Tariff remain unchanged We
shall have season of very large importatons, sv.
irg an immediate flip to Trade aud the Treasury,
at the cost Of speedy recurrence OF pecuniary
enbarIassments. For the country, it must not DC
forgotten, is in no condition to pay for heavy im-
portations. Our Grain crops for 1855 were very
lipht-worth at least One Hundred Millions less
than usual. We have not only far less Wheat TO
spare than hitherto, but lees Indian Corn also,
in view Of the general failure Of the OatcroP-con-
sequenily, less Pork, Beet, Lard Whisky and other
manufactures from our usually heavy yield Of the
coarser Grains. The country could ea,lly be IN
duced to buy -Four Hundred Millions worth of lm-
ports during 1879; but it has not the wherewithal
to pay for them; so to buy them is to invoke a
speedy return of our late commercial embarrass-
ments. Every dollar Of Imports IN 1853 above
Three Hundred Millions will be dollar added dur
ing the year to Cur already burdensone Foreign
Debt--a dollar which we shall Lot merely owe next
January but be approximately urged to pay. The
conse quent relapse of our pecunary difficulties will
be inevitable.
But should Congress proceed forthwith to re-
wise the Tariff so as TO secure adequate Reve-
nue. for the Government with incidental Pro
lection 10 Home Industry, every interest, every
section, will feel the benefceLt impulse. The
erection Of new factories, furnaces, &,.-t1e
demaod for new engines, dams, mscbnery-stiil
more, the renovation of old ones-will give em.
poyme TO thousands Of mechanics, artisans,
laborers, who have for months lauguished in
unwilling idleness. Not Iron merely or mainly,
but Brick Stone, Lime, and almost every product
Of human industry, will realize quick de- nand at
acceptable prices. Farmers will be stimulated to
increased activity from consciousness tina. new
markets for their products are spriuglng up at
their doors-markets which prefer rs much per
bushel for Potatoes as they can Obtain for Wheat
while our workshops are mainly in Eneland--mar.
kets which pay them as much for one acre of Cab
bsges or Beets Is they could obtsin for ten acres
Of exported Corn We confidently believe that au
adequate, wisely discriminating, mainly Specif,
Tanff Will largely increase this years product, not
merely Of our Mining aid Manufacturing but even
of our Agricultural Industry, while precudins
relspee of the Revulsion and insarins legitimate
arc pei manent rehef to the Treasury. AL this IL
within the immediate ability Of Congress, and the
ne1t firy dsys must determine whether IT shall or
shal not be realized. If i. be not, We must trim
our tails 60 Is to work OF q foroiddiny lea shore
a. speedily q. We may and with the least Possible
damage.
And let it in no case be forgotten tina. We
are to yapquish our lingering embarra'sments only
by industry and economy. There is no other way.
We desire g Protective TaIif, because we are
.uye it would summon thousands from ideness and
intiscienoy to positive, productive Work. We
want such Tariff, because We believe it would