New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-11

and az installment on the principal we hat,
probably, export less this year (specis inclateo)
than will pay for cur current Imports, leaving our
heavy Foreign Debt t. be sTelied in volume BY 81
lesst TIE amount Of the years Interest sccraing
thereon. Let the capit,li,ts Of Europe be visited
By & panic With regard 10 the fullness OF their
tecuriiy-n,y let great war impel them to with
draw their capital from this corticent and uIe 1t IN
iuyisorstipg the efJrts and n,gufJiSg the re-
sources Of their respective countries, snd the ;on
sequence wosld be disastrous collapse al over
cur country. /. their forbesrance secure ssss
for our National prosperi!!
III. Though there IS apresens active demand for
the products Of cur Furnaces, Forges, Factories,
Mills &c, and though those already IN being are
generally st work, yet We scarcely hear OF new
one being constructed, new ,piodle CT loom about
TO be pat in motion. Manufacturing property CON-
msuds but low rates the recent sale Of the great
Holyoie Water. power and mills sufficiently a..ests
Our Industry is not expanding on what is and has
been its wesk.r side, ana there i, little prospect of
any Indictment to such expansion.
". The errors AID vices which produced sad
precipitated the late Revision are still in full
yigor. Our Tariff is so adjusted as to invite For
eign Fabrics and repel their producers, whom We
should import instead. Our able aud ambitious
youth aIe attracted to Trade, 10 the Professions
70 Finibusterng OF some sort, rarely TO any form
of Productive Industry. Advertise to day for a
man TO manage farm, aud three-fourths of the
responses will come from men of European birth.
Adyertise fer aboy in lawyers office, clerk Ia =
store, partner in venture to Pkes Peak, and
two-tbIds Of the responses will come from native
Americans. We are still, asa people, Intent on
getting suddenly rich by some kind Of speculation
rather than on slowly SECURING competence By
Industry. Credit is again expanding its sails; we
know that goods are extensively sold ia our city
this Spring to Southern retailers on years
cItdit-st what rates Of profit, the reader will
Judge for himself. Enlarged discounts aud distant
p,y Gay. are the general aspiration. The lame
ducks Of 1e57 are intent on National Bankrupt
Law as the pool Of Sloan wherein their distem-
pers are to be washed away Our aspiring youth
fancy it Easier and pleasanter to win coffee sugar
plantation under the lead of some Lopez, Walker or
HenniDesen, than to lew farm out of the wider
re.s or break ole out Of the prairies In spite of
immense advances in Agricultural machinery, We
grow LEES grain Per head, less per acre, tasn our
fathers did fifty years sgo. While the average
British wheat crop (per acre. has nearly doubled
in tie last halfcentury ours has decidedly fallen
of. With an admirable climate for producing
Sugar from tine Beet, the Sorghum and other sac
charine plants, We are taking seriously Of paying
One Hundred AID Fifty Millions for single trop-
ical island, in order to obtain cheap sugar. The
new geld-degipgs are about to call tens OF thou
saIds of our people from the Ok and the plOw to
the very bases Of the Rocky Mountain, in
ques! Of sudden wealth. In short, our people
would seem to have a taste and an aptitude
for anything rather than patient, steady In
dustry Tie lat clog crop" of the Great
We,t sold at high prices; yet few are preparing to
double their last years produc! of Hogs; Wool is
now ieniDg at very high rates as compared with
those of Grain aud other Agricultural Staples, and
seems likely TO rule high for years; yet Sheep ara
being sod of and killed as recklessly as though
ttey were worthless dogs. Land 10 dirt. chesp in
the West and South, yet few Of our young men
who might do 90 are securing a tract on which to
found home. ILstead Of this, the sons even of
thrifty farmers are croxdpg the streets Of our
cities begging a chance to air their abilities by
weighing out soap or peddling calico. Every body
seems to want to avoid productive labor and devise
some mode Of getting itch by buying aud selling
the products of Others. Ga the heel Of a great
Reyulsion, there are this day four times as many
living or seeking to live by trade as there should
be, whether for their own good or for the good of
the country.
Such are among the reasons which impel us to
regard this as an excellent time to keep out of debt
and keep under easy sail. Considering that at lesst
pnety per cent of traders fail sooner or later,
We advise tbose who are not enamored Of bank
ruptcy to seek some honest vocation in which,
though the gains be mesger, tho ri'bs are lighs,
and, having found it, to stick to it tensciousy.
We may be mistaken; bu. the commercial sky
wears to our view a poItentous and troubled
aspect. Aside from the chances of a Great Euro
pesn War; there are troubles brewing in Mexico
and Central America which may involve even our
own country in ho,tili.ies whereof the end is
hidden from sisht. Better at least in times Of
trouble, earn your living BY sure and quiet industry
than commit wealth to TIE mercy of angry winds
"a