Baton Rouge tri-weekly gazette & comet. [volume] (Baton Rouge, La.) 1865-18??, 1868-05-26
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necessity FOR INCREASED PRODUCE
los = The New York Shipping List
says !; Such variety Of circumstances
hive conspired to produce the present
anomalous fnanc ial and commercial
situation, that most people are at a
loss as to what ia absolutely necessary
to bring about. wholesome reform.
One class Of economists seek a solu.
ton OF our present difficulties in q
speedy return e. specie payments, and
another in indefinite suspension
one in continued extreme rate Of
taxalion; and another 10 a material
reduction OF the rates, with no end to-
halfway measures; but without dis.
cussing here the effect of any Of the
powerful Government agencies that
may be brought to bear on the sub.
jet, it is high time that public senti-
ment, which not only models laws,
but fashions industrial and financial
movements, should be impressed with
a full comprehension Of the peculiari-
ties and requirements Of the time.
The end to be kept steadily in view
ia the necessity for an increase in the
productiveness Of the country, for, un-
questionably, whatever is conducive
to such result, is largely tributary
to the national wealth Unhappily,
serious practical difficulties have bean
inlerposed to the steady progress Of
industrial development for the last
few years; but we trust that they are
now 10 a fair way to be removed, so
that no serious obstacle will long
stand in the way Of healthy appli
cation of money and labor. The en-
ployment Of money rather for specu.
lative objects than for its legitimate,
and, in the end, far more profitable
purpose of assisting and stimulating
production, now so prevalent, particu-
larry in the stock and gold markets,
is direct result Of these difficulties !;
and, this general evil becomes more
clearly perceptible, when it affects the
price Of the necessaries OF life, because
that is one of the most offensive and
disastrous forms in which it can be
displayed. The many fortunes made
during the war by the increase o.
nominal values, have done much to
disseminate false ideas in regard to
the true avenues of wealth, and to
induce persistence in system which
was only adopted for a time, when
the productive powers of the cou ntry
were being diminished and Its con.
sumption increased. But We cannot
insist on a continued infringement Of
the rules by which nations acquire
solid wealth, without paying heavy
penalty in the end. All classes Of
producers are at present subjected to
embarrassments arising out OF the op.
Grafton Of our complicated, cumbs-
some and vexations revenue laws,
and other causes unnecessary to emu
merate, and permanent investments
10 the many and varied industries are,
for these reasons, withheld. It is to
be hoped, however, that the intuitive
sagacity Of the American people will
enable them to speedily apply the pro-
per correctives, and thus ward off an
impending commercial calamity of
the worst form, which, otherwise, will
be pretty sure to overtake the country.
With the adoption of sound fnan-
cial and commercial policy, capital
would speedily seek profitable en-
ployment in the innumerable and
tempting fields of industrial enter
prise, and before the proper applica-
ton Of American energy and skill, all
difficulties and embarrassment would
speedily pass away.
NEW ADV REFRESHMENTS.