Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1861-10-17
VOL. XXVIIE.
ADJUSTMENT OF TRADE.
OUR WoRksHoPs AND THE WAR.


One of the leading papers of this city takes
,Lo ,,o,,,d ,bo, the war ;s NOT suuported by the
~, -.....,.,,, ,ho r,ono,,
people, ou' ny 'ne Bo'e''','"'
which the people pay out coming oacK HS 'h III
to their own pockets. This is somewhat COM
,,or notion. but IL is simple nonsense. A man
a,no ~ :,s,oa :, u, rroosu-
VINO mas i',u up Fioo "',U
ry notes. will not, through any oPera''o"S vi ."e
government, have that 800 to buy another
a1OO Treasury note with. If some government
-,..,. ,v,olos ,.of, bovo,d his own ex-
'o''''" ,t,o,, ,ho, G,
penses thH' lie WISHES 10 invest ."'" '""' P'"'
5 ready to he loaned again to the governments
Or ;f nm officer with hiuh nav saves portion
~r,.. -. a,,d ohoosos to ;nvost II in gov-
Vi nIs s.'S' ,Lo,, ,Lo, ronortion of tho first
:,, w. ., ho .dinros,ed in ,hc cor.
io"ii "'' TroSors Zoo nhn ore selling sunnlios
.' w Io iU" or,,,y NAV ;nyes, rortion of their
,,rof,s W. nv IN su6seoncrt loans In short the only
ir,ort;,,, of orn lnnn to yovernment ,ba, will he
s,n1 :, sacond Ian ;s nor, of tho nrof,s
n,odo L,, ;J;y;dnols opt of the onero,ions of the
n"ar 'Ib;s il n vrry small fraction of tho whole
.,,,, o,,,orlnd IN ,to military onoro,;onq
Wboro ,Lor il tho n,oney to come from, IN
o.rr,. ~, ,hn ,rarp I, ;s IN come from the nro-
s,s or onr ;rJws,r;oi onpro,;ons-ogricnl,nral
n,ormf,ctu,ing commertinl. &c. There are
nons;JoroIlo 9,,rnhers nf nersons in the com-
rnun;,v yhn are even now in recent of large in
comcs e;,her from their business or from their
investments and il is mainly from the surplus
of these revenues that loans TO the government
will he made There is good deal of derange-
mont in many kinds of business. but if we ex-
anime the matter thoroughly we shall be sur
prised 70 find how small the proportion of the
J.
toni ~ onr Industrial orerutiops. The unprc-
cedcnted quantities of wheat corn. pork. beef,
&c that are loading our canals and railroads
show conclusivelv hat our largest interest-,he
ogriculnral-is moving right on in its accus-
toned course. Our sawmills are turning out
humber as usual and many of our 'manuiacto-
ries are os busy as ever; the woolen. especially
is moro nrosperous than ever before. Even the
GOTTEN mills are generally running. and those
manufacturers ,vbo boupht larue stocks of cot
ton hofore ,hn r;sc are INST ot the present time
n,oL;na ;mmcrsn nrofts
TroIo IL n,ore hodlv deronoed than any other
denartment of hnsine:s lint This is principally
o,y;r, ,n tho General rpfrsol Of those boldin1
GOODS n sell on the usuol time. Trade is dis,
fnrbed bv one Of those panics that occur peri-
odicallv, and that are inherent in the credit sys-
fem. But even the trade of the country is not
DESTROYED. The foreign and domestic COM
merce of this nation At This time is larger than
was ever carried on by any country in the world
before tbe nreseut century.
The Arrangement of business is merely tenn
norary. owing to industry being thrown out of
It's accustomed channels. and especially TO the
connnlete susnension Of the credit system in
trade II requires an accumulation of capital in
new hands. n saving on the mart of consumers
- / -. 1l r a. - o,,o,,n. &c
trade to be done on cash as was formerly done
on six or ciobt months credit. But as soon as
our industry can settle itself in its new chan
nels il will resume its wonted flow. and with
scarcely percep,icle diminution in consequence
of the war.
The power of a nation to produce wealth is in
proportion to the quality and quantity of the
tools which it has TO work with; its steam en-