, 1869-11-05
FRIDAY, NOVEMBER 5. 1879.
WHAT THE NORTHWEST NEEDS:

INV 3>. N1FH I'll 1tsyfIY
.,ts, AIcn ~ ng g,n!sifsss Of the North west,
wl.ich lnvc l,ccn in ssraisened condition
fur ,hs,e vrsrs. have suffered SO greatly
.ren, .;r'r l.n6, wet spring nnd short, cold
ern,.rer. nn.l the diminished crops OF cora,
u!.'sas. h'r'-y. cats. aud rye. that, had even
=. !. III = Irtv.ile1, the stringcncy must
i.r r.atL,::l lcvtre. but the recent
,vs CT line in all the~c 5rains Is serious
'>ai,"r1s Ia Thousands. Wheat is sell
r considerably less in currency than
= s.~re'ss before the war in gold,
Len lakes were Esht and labor
~- !ew. Westera barley Las fallen
~.;!.iu few weeks from S1.4o per hushel
> - e'cts. The farmers Of the Sorih-
".s Lave been producing on this declining
market for three years First they suffered
lcavy decline on wool aud sheep, the
:, ,,espss value Of the latter sinking three
'"rrths in price. Then grains followed,
nd ocly those farmers made fair profits
Who ran hesvily into either fruit, lniry, sr
stuck farming. The result is, that while
those who have their farz-s paid for, may
LHcly Live, thoso Who have run in debt for
item are not paying the interest on their
':rhs~. This state Of th1ngs depresses in
'::11 tin business Of the cities Of the North
~"~t one and all. A condition of
-"vs1e st11Egency and pressure has charac-
:.'rzod every branch Of trade, and las, for
a,eA1 past, been constantly growing tight
,'. "iitcut apparently reaching its nan~
E-u.n Of tightuess. An unusually large
~omber Of unemployed youns men nso
',. king in vain for months pune avenue to
.,45,l,,yrnoat, There is The abnormal ten
.~acy of wealth to concentrate In the hands
Il n few, which will continue until we 1e-
s'.1.e SPECIE paymcnts. But productive
''.:nstty is constantly becoming
r. expensive and less profitable.
isty is this: 1t admits OF and needs but
:, aIswer- The rate OF taxation the coun-
:, IN nu~ subjected to-and in this cate
=. must he included ull the taxes that are
i! l.. Individuals upon each other, under
- E:1uc Vt "protcction to home in,lns-
: -.s one-tenth Of the annual earnings
:h;:A'rJ throughout the country. This,
i, itseli~ IL oppression. 1t cannot long bs
= :Ee by any peoFla. Tho hand may come
'''r *' stealthily, indirectly, and invisi1ly,
Int it cnnrot take tenth Gf the aeere-
At" annual earnings Of industry md
;'Ase he country prosperous. The
y 'thwest is pining Under this grinding
"'d ot taxes, aud the first duty Of Congress
:, =, bc to "let up" on rs. From this
Is Mt NJ view, and regarding the interests
u the people rnther than tha Rize Of the
IL 'stair-l,Ile of dead gold and idle green
Is lying feaped ar in the Treasury, We |
ID 10 satisfaction whatever in reading
:; ~ The Secretary ef the Treasury is adding
u,'sN more t, his hoard for the Inst 4
I t,th. We wish he had aided less, and
:'.A. the people Lad tho difference. He
-. Us III" accumulation reduction Of ti5
!"t' Perhaps it nay resemble that But
'ar ''ords are still in the hands If the
ts'antsy's creditors, and the money I, pay
II m @i,h is still in the Treasury. Can We
-''r!is ii, to so on reducing the debt"
) "a Process which Aoa1ds all the gold in
i = country and IeRves the debt in tho
A@ssis Of the bondholders: There Is no
: ''''et7"n Of the deLt wha.ayer, except as
TIE s'dEas arc bought and paid for. The
'"c""'nlnt'on Of $l1',Mo, 600 Of geld mud
es'+uhaeks in the Treasury is, however, a I
- 7"us contraction of the currency in an |
Unauthorized way. Il lowers the prices
II Western grain, and we arc not axare that
" 'nhanccs by the fourth Of one pr cont
Il ,tsnc Of the currency Wa haze the
>.'u''',1 tax vf transportation, for wo are
~ 7 thF outer nm of the producing circIo
r. trTttHr thcn other parts Of the country
:: III oa7 Consumer We feel oil the
J It >s'1e Of protective tariffs because
A. irotiuce scarcely any Of the pro-
:'1'",s articles, and CONSUME them all, We
. 'A.F. perhaps, more seriously Chnu any
y - lection OF the country from t.uctus-
>'''':~ IL the currency, because our staplea
- chiefly exports that hnctnate in yaluc
= III the currency. Under nl1 these facts
- stl~.at that the Northwest needs solid.
A. H-nndesstotl financial polcy in Congress.
''ttlly reports that the Seeretary.s board
':cnasing. TINT the debt is diminishing.
: n''t cover The ground. The quest,un !
'-!s 10 be considered whether rite Of
.Asa''r1 which renders it impossible to pro-
q. An,:Aing for export except binds il
.''.''nce Of political wisdom Does the
= II condition Of LIE producing inter
T. II the country justify The ezistius
: g.. ninl amount, aud modes Of Ia: atiopl
'" :, rnt time to adopt financial
Try really looking and leaaiag to
'.s''e payments? We wish the
::' sa'ers Of Congress of botl
.-';rs might enter Congress Mt thA next
-''slon with some well-dcfinod policy on
;:'~e important points. We hays had
~''Hrh II thoughless presentation Of
'."'"s:s;'iered financial chimeras, which
:'.s needed. like bubble, to he launched
L. a Icy wonld burst. Let US agree upon
't1tthing sounder and wiser than thsso
ri::1ne7uA, and present it with solid fro 1t.