The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1859-09-15


scarcity of money, but the revenues of the
Treasury fell of in rapid diniDution, and
the government which had just been pay
ing high premium for its own bonds,
was compelled to throw its notes on the
market to raise the means of defraying
Its ordinary expenses, and in a time of
profound peace, to contract a new nation
al funded debt. This has been the recent
experience of the country, and at this mo :
ment the people are suffering from the
practical consequences Of the injurious
policy of their public servants. Pennsyl-
vaDia has witnessed, during the last two
years, the most disastrous sacrifices of the
property Of her people, and the most de-
pressed condition Of her great Industrial
interests Valuable properties have been
brought to the block of forced sales, and
at no time have sheriffs and other execu-
tive officers of the law reaped such abun-
dant harvests of fees, while productive la.
Dor has stood idle and looked on helpless,
at the sacrifice of hard-earned possessions
passing from the grasp OF the toiling hand
that gave them all their value, for mere
Dominal prices, into the ownership of cap.
itall.ts and spectators, most of whose
means were wruDg from the very men
whom they were thus coming to house
less poverty. What more melancholy
sight than this can be presented, and how
doubly bitter must the experience be to
the sufferer when be reflects that the cru
ell policy of the rulers of his country,
whom bis own vote may have assisted to
their places Of influence and power, has
struck the blow under which he has fall
en- The entire commercial transactions
of the country prove how madly We
are pursuing couse of dealing with
other nations utterly destructive of our
own interests, buying recklessly and ex-
travagantly, paying in gold, robbing the
country of its specie circulation and basis
OF paper currency, and contracting debts
abroad, which must be settled for in
the future. There was imported at New
York alone, of foreign dry goods, since
the first day of the year up to August the
9Th, the enormous amount of 75,623.-
4le-nine millions Of dollars more than
in the corresponding period of wild ex-
travagance just before the crash in Sep
tember, 1857, and about forty two mil
lions more than under the compelled con-
traction of the same period in 1853
We imported during the year ending
June l, 1858, of foreign goods, wares and
merchandise, 243,239, 900; during the
year ending June l 1859, $4,000, coo;
an increase of almost S97 100000. Dn-
ring the first period we exported S52,-
633, 900 of specie-during the last, $685.
OOO,0 600, and as our imports of the same
article were ten millions less in the last
than in the first period, our stock on hand
was $40, ,337 900 less than the year be-
fore. Our exports of cotton, grain, -four;
and ali other products of every kind Of
labor, are vastly below the importations;
for while We sent out only S37 ,757 900 in
the first seven months of the present year,
from New York, we had to make up the
sum Of $42 ,249,000 in coin to pay the
balance due to foreign nations on the deal
ings through that port alone Facts like
these convey their own best comments !;
they explain, without any learned parade
of argument, the reason of the paralyzed
state of home industry, aud call. trumpet
tongued, for the application of the prop
er remedy. This is in the hands Of Con-
gress and the Executive Administration
of the National Government to which the
adjustment of the terms of our commerce
with other nations has been com mitted by
the Constitution. But the democratic
party" which wields those powers, refu-
ses all relief 1t is bound to the opposite
interests, which processes to see in the
Protective Policy foe to all who are en-
gagged in raising Southern products By
slave labor. We believe that policy is
the best, most beneficial and advantageous
to every interest and investment in the
country-the farm and plantation--tbe
mine and forest-the factory and work
shop--all have here complete harmony
of interest.
But Free Trade is the pet delusion of
the South, only second In It's estlmatloD
to the physical, moral and political bless.
iDgs Of slavery; and, therefore, "the Dem
ocratic Party" whose course of conduct
it dictates, denounces the Protective Pol
10y. Even the President of its choice,
gradually differing on this point from the
controlling power, is shorD of his influence
and regarded as wholly uusouDd; for when
Mr. Buchanan, in bis last annual message,
N modestly suggested to Congress that the
adUaiofem system was prolific of frauds.
and that specific duties, especially on
such articles as are sold by weight and
measure, as coal and iron for examples,
would be much safer for the Government
as we'll as bene fetal to the people, he was
fatty contradicted by his own Secretary
of the Treasury in his annual report on
fnances--his party in Congress never ac-
ted on the Presidents suggestion, and he
failed to exercise in behalf of bis Tariff
recommend alton those influences whose
potency was so actively experienced when,
in concert with his Southern friends, he
fought the battle of Slavery in Kansas on
Il r o.o~~too Gonc tifntion N nd the EnU-