New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-10-11

THE LESSONS OF EXPERIENCE.
Less than Ave years ago. the accession OF the
Southrons having lef the friends OF Protection
in majority in either House Of Congress they
Improved their opportunity Ivy framing and
passing what Is known as the Morrill, and has
been stigmatzed by its enemies as the immoral
Tariff Though moderate In its rates Of
duty, it was unmiNaksble in its purpose,
and was at 0nee vehemently denounced
by Free Traders as measure Of insane Prolii-
bition---of japanese isolation. We were 10
have no more foreign trade, ct next TO none
till its repeal, clamored The Times (London' }
as well as the great body Of Economist doefr'n-
aires. including even 50 masculine thinker
AZ Harriet Martineau. That we had set our
faces stubbornly toward the Dark Ages
and decreed the inexorsble expulsion
from our shores of that large and respectable
class of Europeans who live 10 supply us with
the Wares and Fabrics Of the Old World, wac
deyoutly believed. And, SO long ss the War
LASTED, they could not be made to realize that
| our subsistng commerce was not the Fictitious
and transitory result of our bellgerent neeesoi.
ties. ,,-.,eo v-.r.- ILygIl. Y
| But the War was ended nearly or quito six
months ego. We have long since ceased to inn
lport Niter, Lead, Arms, Army Blankets, or any
thing of the sort. Our armies have ID good
part been dissolved and the men sent home.
!. And vet. though our exports are reduced nearly
. TO minimum by the Wars suspension OF Cotton
Q growing, we are nerefthelets importing foreign
&c products-mainly Wares and Fabrics--at th'
70 rate of not less than Three Hundred Millions
worth per annurn- importing, to soy the Least
!. quite as largely as our existing means OF pay
: ment will warrant. And we are likely TO i'm
, Iport more rather than less, 80 soon as we Cal
grow the crops wherewith larger importation
may be paid for a
And we are paying Federal Taxes alone a
: THE rate of fully Ten Millions Of Dollars pc
week, or Five Hundred Millions per annum
Though our volunteers are not oil disbande'
iyet, and though many bills for War expense
are from day to day presented and paid, we arr
already more than paying our current expenses
including the exceptionally high rates Of inter
.iess on our vast Debt. Our two las
lmonthfS Treasury baiance-sheets bar
: astonisbed the civilized world by exhibiting il
, |either instance a diminution by several Nil
Hons Of Dollars of the principal Of our Debt
and corresponding reduction Of the annually
Iaocruing interest. We are confident that M
other nation ever parallcled this.lso closely Of
1.-THE heels Of o gigantic and devastating War.
\ Our Labor is generally well employed aud re
4 warded. There have rarely been fewer menvain
ly seeking work in our City than now: In long
finland Journey whence we have recently re-
turned, we could hear Of no dearth Of employ.
ment anywhere. We doubt that there are One
Thousand men looking for manual labor in the
two States Of Wisconsin and Minnesota,
which together have about One Million
inhabitants An average mechanic receives
| in Central Minnesota the price Of three bushels
of Wheat or fifteen bushels Of Potatoes for .
days work; a common laborer is paid the price
| of two bushels Of Wheat or ten bushels Of Pota.
toes; and there is work for more men than can
De Hdu. VIZ uo uot Dthcto thois hSic hdp"-
red men looking for work or wanting il in the
two cities Of st. Paul and Minneapolis, with a
Joint population 100000. ,e'a o. ~ 1T, 4.
OF course, there is some grumbling ~ there
always IL. One would have the evidences OF
our National Debt taxed; though-ss we have
all that Debt to, borrow afresh at very short
dates-the effect Of this would inevitably be to
raise tine rate of interest, 30 as TO take Eve dol
lars Out of the Treasury for every four
it put in If You Tax the bonds, the
lender will take that circumstance into
account in making his bids for the new
loaps whereby most of those now running must
soon be replaced; 80, that, instead Of gradually
working our average rate Of interest down TO
Eve if not to four per cent. we shall have to pay
siI or seven, as now. This project oflightening
our burdens by taxing cur Debt is as futile as II
is peffdiouS. ,YalIJL9 TIA gN1
But prices are too high. Admit it. Ourl
paper-makers ask 9o much @E their pspSF,
as to charge accordingly for our
Issues; the Co:...oa.spinnsss arc making 1--WE are
;old) large profits the farmers ere getting high
,rices for their products; the labcring class
lemand liberal wages, the Landlords require big