New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-18

easily modified while they rarely and with great
difficulty transformed. The fact that three-fourths
OF us would incur debt if any one stood ready to
lend. and if already in debt, would like to plunge
In still deeper, is the fundamental difficulty OF our
financial position. The poor man would like TO buy
a farm or start shop or store on credit If he has
already q place whereon 20 stand, he wants bet
ter house. new barn, ora convenient wOodOt, or
some more efficient machinery-in short he wants
to incur debt and he may sometimes effect this by
paying for bis new purchase and letting his account
at the store but all comes to one end more
debt the country and more debt from this country
to Europe. Whenever we make a new railroad or
erect factory OF furnace, we look around To see
where the money be borrowed on mortgage to
pay for the materials at least and as much more as
possible. And, long this shall be the case we
shall make poor Roadway in paying off debt, public
orprivate Our prevalent overruling tendency pulls
in the opposite direction.
The practical remedy lies not in vain attempts to
stop the construction of railroads the erection of
buildings tn, opening of mines, the multiplication
of factories the Improvement OF farms All these
must and will 90 on, unless mady arrest them
by breaking down the Protection of our impeTiled
Industry Progress is the law of our National life :;
arrest it, and the weight of our public burdens will
crush either ont solvency OF our National integrity.
And, TO my mind while the dissolution of our Union
through the triumphant establishment and recogni-
tiOn of the Southern COnfederacy would have been
National misfortune, the Reputation of onr National
Debt would be a still greater and more depOrable
calamity ANY true father would much prefer that
his son should become needy bankrupt rather than
a rich villain so would regard the failure to pay
our Public Debt according to it's letter and spirit as
beyond comparison more disastrous than division OF
our country.
We must crush Reputation as we have discounted
Secession. We must stop the increase of our
European as we have already stopped the total in
crease of our National Debt must begin to
reduce and pay off the former as we have already
begun to reduce and pay off the latter We must do
this not by ceasing TO construct and repair and i'm
prove but by more fully employing our Labor IN
downright Production and by extending and rem
derlng more efficient our National Industry. We
must grow more Grain, Grass Vegetables, and
Fruits we must extend our Manufacturing and
Mechanical Industry In order 10 furnish ample Home
Markets for the thus augmented produce of our
farmers Take ten thousand people who live from
hand TO mouth by occasional fishing or hunting,
doing odd jobs of work for others, having q COW
per family running in the road and apig picking mp
a living as he may, with patch of poor garden by
every other shanty, and gather these same ten
thousand into a manufacturing village, set them
steadily at work. and now they will purchase and
use twice n much food, clothing, furniture &c, as
they did OF could before. Thus, every new furnace
or factory built old one started up insures large
addition not merely to the National production and
wealth but 10 its consumption as well.
And this good work is now rapidly proceeding.
There hardly an old furnace in the Union that has
not increased its capacity and It's product within the
last year: while hundreds of new ones have been
constructed and set TO work i'll process Of
~ Co,,4I in, tho md in a
most every quarter of the Union. Missouri now
supplies Pig Iron TO Pittsburgh and is rapidly in
creasng her production; Tennessee, old Virginia,
West Virginia and North Carolina, have put several
new furnaces into blast, and preparing TO IN
crease the number; Pennsylvanians have just been
buying Iron mines not only in these States but even
40 far South as Alabama Oregon has been supplying
the San Francisco market with Charcoal Pig OF a
good quality: while Illinois Ia recent beginner) IS
making largely at Chicago, and Indiana is putting
up great furnaces at her capital as we'll as near
Greencaste and boasts the possession of thousands
of square miles of Coal better adapted to lron-nak-
ing than any other in the known world She conf
IDENTIFY counts on making Iron at once cheaper and
better than the best that Pennsylvania can exhibit;
and while her sangulne expectations Will probably
be sobered by experience, her effort Will doubtless
exert a Wholesome influence on the Nations pros
perity and on her own political sanity II thou
sand new furnaces and factories giving employment,
directly OF indirectly to Half Million persons were
10 he put in operation within the next three years
while Three or -Four Hundred Millions would thereby
he added to orr annual product of Metals and Fab
RIGS am confident that our Agricultural Produce
would be increased rather than diminished in conse-
aueuce-that moro hands would be melted to grow
Vegetables aud Fruits for the new manufacturers
than would I've withdrawn from grain growing and
cotton raising and that the sum total OF the product
of those factories and furnaces would be clear ad
diton to the wealth of our country and TO the ele-
ments of comfort enjoyed by the human race.
IT last Effort render the Tariff efficiently Protective received