North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-04-20

80
Ohio ''...'...'..''... Is, ,S69 73(
Oregon .....'.... ........-,... - ,622. 81
Pennsylvania '..............-....7,2s PSI lDl
Rhode Island. Observation-Disclosures. ....4, "a 54t
WiscOnsin. '.''...'-......... l5.426 So
1854 43l 86l
have not taken into acconnt the hur,!. .r
slave. states, as their situation is such as 10
defeat anv calculation nf thor earnings, at
lqaSt for ten years Ia C me. II will be seen
therefore, that the annual amount which
from this time forward mn>I hr paid INTO the
Federal Treasury, exceoi~ by aim Isl nnp
hundred millions Of dollars The total annual
earnings Of the nineteen free States, during
n period Of peace and uneXtnnl'a prosperity.
Under the present policy pursued towards
the seeded States, half century will roll
away btfnrt. they Will ,4,m assist the wealth.
ofthe Country. Tne,r whole sys.e n Of pro.
dnctiveness is tn be destroyed. F rur mill.
ions of annual producers are To brc0mr rdir
snd worthless consumers, and IA vast Bnreau
is about t. be erected by whIcr the c. ,vrrn-
ment shall support the negro. instead Of he
negro as herttDfnra assisting u support the
government. Time will show that EN- ne.
patton is the ca>iIIrSr lea ure nf ThlS war
Cotton, tobacco, rcs',. sugar, Will prrlSr, as
means OF revenue. The binw Uf the EXrcn
tive which releases four millions of hands
from prof liable labor, imposes the task from
which they are SET tree prnduceT> "n Il
similar number uf white labnrer>. Ii does
more They are still cnmsuners-IheV must
he fed AND they will not feed them selves. -
The PresI Ileut uncnnScIOusil ntt' Fed phil'-
sophie truth when a year ago he sad 'i Tree
negroes They eat and nnthlrg rl>e.'-
Nor can the negr" BE- much blamed iot &c
cnpting this easy lie when an insane parry
tenders il to MIN, and lays the burden "f Ia
hrr from which he Is liberated Un the neck
ofthe white man. A TOTALLY ruined AMI I'm
poverlshcd SDurh, her property destroyed
and her slaves set free, all il nply mear> HE
annihilation pfsso many sources If mat Onal
reYeuue and the consequent en"rinouS IN
creased taxation in the North. Z, nliscatI,n
will not pay the expenses uf IFS own machl
nery and execution. As means If rri,rn
ohng the Treasury il is nn IL he mention
ed, except by mad Ten. All history bear,
testimony to the folly Of thus attempting tue
liquidation of pnhhc debt. II must be- met
aud PAID bv the fruits Of the spl produced by
labor. And he who reduces the humber uf
laborers North or South, white or back, ln
the the same ornpnTtlnn muluplles the tolls
and sacrifices of those who ye, rAmai1.
n1T. Oh3'Ftndl, l NeeU Hl pause ; nNCit
upon tbe mathematical certainty uf national
and individual bankruptcy and ruin which
the foregoing Calculations So c,nclu>tvri,
demonstrate The humblest mnd III the
land will grasp the fatal result upon which
we are haSIertug. But sor,e superficial ID
server. Intendng too To further deceive the
popular mind, will doubtless point tn the
surrounding appearances II general pr sper-
" as an answer TO this pprTmn II NV rr-
marks. Mpley is flowing III bOundc>s pr"
fusion. Unna' urai lnrces are paul Tor every
thing. A merptrci"us spIeutlnr halls up
on the streets, at the rout, the assembly. and
the theatre. The naIIOn $rcIn~ latrenrg or
blood and carnage. Bat this high tcNcrt I
flush which We cvcrywheIe hrh ld l. not tie
genial warm Il Of health. Ii u tue fire,
heclic glow "a swift cIn>umptiun. lt S
the herald Of death. and printS t. the '"urh
what wa call money Is not m"ucy, and tit
most Gorgeous wealth has ~ vtlur, be-,
csuse it is prey to the GrnStcr hchr. .--
Frenchmen, more than bundled Yeas agn
dreamed Of fabulous fonntaln If prr>p'ri V.
and located II IN the valley Of the M'>lIS-rp
pi. The credit of the Mis~i,s'pp upau,
became the basis OF all iIIiuI,abIe PAPER cur
rency, ard both the king and people y
France hailed John Law, il E'u.}cr, III,
delIverer oi their klngd,rn. II vas reason
10 doubt the miaIhbruy If hrs g,ganri,
scheme Of human creduhry aud folly, a. it i,
now 10 dnnht the wisdom and tnal success:
Of our own financial department.
RancrUf, the historian. well p0riraVs oul
own unhappy sifuatun in de> rlhing tins
great deLson Of 'he Ere, ci.
a Government he says which had almo<
absolute power of legislation, coGsprei To give th
widest extension 70 what Was called credit LlN
might have rci:u uted at his pleasure th interest
money. tie value Of stocks, AMI the price of iabo
and produce The contest between paper and specie
began to rage-rhe one huoyod up 10y Gespotjc Tove
the other appealing to common sense Pape
~ss made the legal tender in all payments. To "
the little gold and silver that was boarded 10y tht
humble classes small bills % low even IS ten liNreS
"a livre is about twenty cents put iu circuia
ton. When men are greatly in the won.
specially when they have embarked their fort tune
in their error, they wifuy resist light. 80 it hi,
been with tue delusion till France was impoverished
public and private credit suhverted, the incnms
of capitalists annIhlated, aud labor left without EN-
poyment, while in The mills; of the rn;yers i wretch
edness Of the mi idng class. rev war spccuior
Soried IN their uni asst quisiioa and cnjnyn
immense wealth"
A about the same rrrj'd a similar frrrz,
vas raging on the other side at e E"gii i
channel, and British statesmen iancIed they
had found the magic 2iemh!c by which paprj
Issued upon credit cuUld be IN de to supply
the uses of gold
The trade of the South sea, was to ply III,
DEBT ot England III twenty .seveI years, hnc
Dir John Blunt issued Government h"nh~ ~
the faith Of this fcru'uus wealth AYR e
and speculation instantly seized ike rwiI
iuries upon the heart of the .whole kingdom
The gititring beatn> of-a f.sl. and deceptiv,
prosperity gllded every present scene, an,
ilIup minated the ;uture with the rattan
'-i' 9! h1pa. The British parliament r..