The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-01-26
Communicated.

Communicated.
EDITOR JOURNAL The question is fire.
quently asked, What is the cause of the ex-
treme scarcity of money at the present time?
And this question is again and again asked
W sout receiving any definite answer. You
WI therefore, please to publish the annex
ed extract from the Philadelphia Saturday
Bulletin, as the best answer to the above
question that can possibly be given, and re-
flecting minds, and those who are not en-
tirely blinded by party prejudices, will
readily acknowledge ahat if we ever, expect
to get back into the good old days gone by,
we must adopt a different policy in regard
to our tariff laws than we now pursue.
IF we ever expect the country to go on in
uninterrupted prosperity, we must adopt
the principle of protection to American
neutrality-suspicious. to American labor
of every kind, and thus, instead of sending
our gold and silver to foreign countries to
pay for articles we do not need, retain our
money, and distribute it among our own
manufacturers, farmers, mechanics, colliers,
manent prosperity to our country. And
there is no portion of our country more in
terested in this system than the West; and
Notwithstanding these facts, the West has
ever been pursuing suicidal policy in re-
gard to its own best interests by sending
men to represent them in Congress who
have always advocated Free Trade:
| Seventy-fve millions of money, (S72,-
| 600, ,00O) in gold and silver, were sent out of
the country last year. The only attempt
! that we have ever seen to break the force
of this tremendous fact, showing as it does,
an almost inconceivable folly, is, by an ar
| gument so called that we will state with
entire fairness, that it may have an answer
that will put it to rest.
1t is said that gold is commodity, and a
proper object of trade that just as we draw
coal from the bowels of the earth, and cotton
from the soil, and thus add to our wealth,
by exporting these products, so We mine
gold, and send it abroad, purchasing with it
what we need; and that it would be as sem
sible to object to the expectation of a hun
dred millions of dollars worth of coal, as oi
one hundred millions of dollars in gold.
The first reply to this extraordinary po-
we exported last year, thirty millions more
gold than we produced, we sent away to
pay for brandy, silks, cigars, and manufac-
tured goods, made of our own cotton, al
the gold that our people mined during the
year-some Jorty.JfUe milLions-and then We
gathered up all over the land, from all the
bases of trade, thirty millions more and SEN
that abroad to pay our debts.
Do our anti-tariff friends admire that op
Grafton? Let our second reply be an ap
peal to facts.
The country is drained of specieI Pro
fessional collectors are forced to give N
their business i'll the West, because it will
not pay to attempt to gather money from
people who have no money. Trade is ligh
because the Western people can not pay tn
merchants and the merchants can not d
! business largely, except on credit, and the
are afraid to do that because there is no re
liable basis to go upon. The country is. no
suffering panic, or disturbance, or &1nis
arrangement of trade. 1t is exhausted
drained of its blood, and so is weak an
, languid And under these circumstance
our friends of the South and our regdla
n Democrats like DR.. Sangrado, prepare
= bleed the patient further, and give him CO
:. pious draughts of warm water-the prt
d scription being commonly called free trade
+ Below will be found statement of til
d imports and exports at New York for tt
last four years, taken from HuRfs Mere
= ants Magazine, and which can be relic
upon;
IMPORTS AT NEW YORK.
is 1856 1857 1858 1859
sts7,o72 $50 sos, ,cO33 35s SIPS O3O 1876 SILL 362
X. EXPORTS
ss9454,7l4 s95,56l, ,l57 s75 ,7l5 sns,OO5,2
J. 1858 was the year following the crisis
s. : 1857, when importations were somewh
5. reduced, but in 1859, all the importation
" nearly doubled, while the exports were on