The Kenosha telegraph and tribune. [volume] (Kenosha, Wis.) 1859-1860, 1860-01-19

has shown, enrlches me spectators who loan IT,
and ruins those who borrow it. In a fast age,
when SO many seek to live without toll and get
money without paying for it but few reach the
end II thesourneY, eiter OF business life, unsht
tered in fortune.
The active business capital OF the country is
only about fifteen per cent. Of cash, while the
other eighty-fve per cent. is faith There is too
much credit in business, When credit is exaus-
ted. in most cases Of pecuniary distress in active
business, not over fifteen per cent is left to fulfil
promises. 1t is because too much is constantly
paid for money that the indestructible property
Of the country changes HANDS so constantly
What is promised cannot be paid, because TOT
much has been promised. When mouey brings
twelve per cent and it viii always bring that
while the law allows it-there is more profit to
the lender than to put his capital into manufac.
lures or farms so less substantial wealth is
produced, and more OF the avas of labor taken
as the price for its use.
If the people Of this State cannot hire money
at seven per cent, they cannot afford TO pay
twelve. If agricultural capital only doubles in
about twelvesyears, and money at twelve per cen.
compounded, doubles in little over six, money
has an accretive power Of the soil, out Of which
substantial wealth and prosperity must grow =
1t is useless to speculate, however, upon such a
subject, when experience, the best reasoner and
teacher, has proved over anS over again that
those who pay largely for the use Of money new
erhaye any to loan to others, and are always
seeking new opportunities to borrow, When
the law permits exactions they will be made -
Some relief must be furnished the people agains
the future, either by lessening the present rates
ofinterest. or by some law, ike that Of Ohio
and some other States, fixing a limited value to
real estate, below which it shall not be sold on
execution or Judgment.
The credit Of the people Of Wisconsin, from
which variety of causes had been seriously
and detrimentally affected, in common with that
Of our sister States, of the west, is becoming
gradually restored, and the gathering harvests
OF the past season have brought an earnest Of re-
newed prosperity. With these must come a re-
newed sense OF justice. Payment Of all legal
and equitable foreign debts, without design or
thought OF reputation. as fast as the means can
be produced, is Il duty we owe not only to our
selves, but to the reputation Of our young and
vigorous state. As we would expect justice, SO
let US dojustice
SLAVERY.
New subjects Of excitement connected with sla
very and the slave trade are agitating the public
MIND. AS national question, that of slavery and
slavery extension IS foremost among the pecyin-
slavery existed in the Colonies before IN la,9 a., i
before there were any State Constitutions. III was
forced into some of the States, rs i'm the case Of
Virginia, against the will aud remonstrances Of co1
oHal cAI1ens' Inc slave trade was made mai. or
OF complaint against the mother couptrv I. W.
deemed OF lncalculabe evil TO the new set,, - " a. a.
upon the western continent. Exi.ti;,o -. 1
au' IN an put one otthe colonies nj ~ 81 ~
IoIl'uoi Oh orr constitutional gove rnInent If vas
",.,at1d for the time being with tne idea that its
existence would be, comparatively but tetnnorarv
and that it would die out as an institution entirely
incompatible with the genius of the Government and
with the great objects for which it was formed. -
While the increase fthe number of slave states
has not been corresponcingly great, the increase
of slavery and the power OF slavery in the govern
ment has been SO great as that the slave popula-
ton IN the slave states IS now greater than the
hn sfa H. r.
revolutionary controversy with Great Britairt and
the whole machinery of the federal government is
blocked up by its exactions. The compact made
at the time of the adoption of the Constitution of
tho United States, that slavery should be tolerated.
and that persons held TO service should be deliy-
cred up on claim of the party to whom service was
due has rot been satisfactory to the slave holding
States. New demands have beon constantly made
upon the conscences ofthe people of the nor slave
holding states, until serious difficulties have arisen
between the two sections OF the Union. There is
no right OF interference with slavery in the Slave
States by legs ation in the Free States tendin TO
lis abolition, or by citizens OF the Free States thro'
violent intervention But the government was
formed for the declared purpose Of preserving the
blessings OF Liberty" among other things and not
for the purpose of extending Slavery Tie colonies
which so urgently denr unced the evils of the inst
tuition and so strongly complained of the slave
made, now, erected into staes seek to force upon
free territories the evils of system they then de
Plored, by planting slavery where the Fathers of
the Republic never intended 1t should go. Time
connected with and growing out of the existence of
slavery, and time after time, as the demands of
slavery, they have been broken down Its exac
tions are lntolerant. While there is no right Of in
reference with slavery where it exists in the slave
states, by free state legislation, and while there is
effort at interference with it by forcibe means
by citizens OF the free states with few individual
exceptions, the slave states have right to insist
and it is their duty to insist, that it shall be no
farther extended. The fact that the territories
are the common property OF the people Of all the
states carries with 1t no right to establish slavery
there The TACT that men are held slaves in
slave states gives right to carry them as slaves
into territories, simply because they are counted as
property in the slave states. The fact that slaves
are called property gives no right of property in
them Men are not recognized by the civilized
world as common subjects Of property They can
not DO placed in the category as chattels and
things and estates, which are universally conceded
To- be subjects of ownership. Slavery in the terri.
tories therefore should be without law, and above
the law, creaRre of force subject to all the
contingencies Of n violent existence. Ar insttu-
ton so inhuman so pernicious in its character so
disastrous to the Interests of free labor, and terri
bic in its consequences to the bond men and an
tagonlslic to the great principles of human liberty
that undere our government, ought, by the exercise
Of every legitimate power to be restrained from any
further extension The new and fearful doctrine
that under the Constitution of the United States,
Slavery goes travelling into the Free Territories
OF the United States, and is there to be protected
under its broad shield without any locallaw on the
subject i'll the territories is unworthy of the age in
which we live, of the statesmen in whose hands
are entrusted the interests of this great people,
II subject Of congratul that in this theo-
retcally free government an effort has been made
and is still persisted in, to establish the right of
every citizen to take his property of every kind,
including slaves, into the territories and have it
protected there under the Constitution" The idea
that "nelther Congress nor a Territorial Legsla-
ture, nor aay hUmaH po'ccr, has any authority to-
annul this vested right" ID The most unWarranted
OF any ever conceived since the Federal Govern
ment had an existence. No good citizen can give
assent TO 1t. No honest, enlightened statesman
should cOuntenance it for a moment 1t is not true.
There must be power over slavery somewhere,
It'll not above the law or out Of the reach OF the
law, II Congress cannot prevent its
extension where does is get the power to authorize
Convention TO form State Constitution prOhibi-
ting itl If territorial legislature eanlot prohibit
it, how can it provide for the election of delegates
to Constitution Convention with power to make
free state constitution! 1t would be unconstitu-
Ional to declare in state constitution, formed over
q territory, that there should he no slavery there
constitutional convention, sitting to make state
constitution, is q "human power" 1t is true that
Slavery overrldes every other great interest That
the assumed right OF property in man is so old and
enduring that touched by The induratiDg touch of
time, 1t can harden into right absolute, beyond the
reach of any interference but that of OmnipOence?
Have we such government that there is no power
but that of Almighty God that darcs to touch it 3
1t so, this great nation must bend its neck to the
yoke, and slavery become universal. and, in gov
eminent ordained by the people to preserve the
blessings of liberty, humanity must give signs OF
woe that Liberty is lost" The fact that Congress
has the power to prohibit slavery in the territories
however much that doctrine may be opposed from
motives of interest or ambition, Notwithstanding
the great weight that has been thrownno the scale
against it, is certain that the government has
power to acquire territory at all That it cannot
control what has power to acquire by treaty, by
conquest, or by purchase is absurd. This power
should be exercised and the way of slavery extern
ton walled up forever. The slave states have no
reason 10 complain of this They must be left I'M
molested in the enjoyment OF the blessings of that
peculiar institution, if there are any blessings con
nocted with il, in the slave states so long as the
Government remains While this l. cnnradeJ ti,o