New-York tribune., 1869-01-08

in successlon and the prospect OF continued TisP
many persons anHions 70 Duy; l,lu az '' @ ors also
are loss raised in price-and sonicnes co9I ,iI
6tert fever NJ sccnlgtion Is excited I'm many kinds
Of property, and panic eventudny ehSucS' "Ho
All such advances Of prices and speculative move
monts render larger amount VI Hiom,J NUM- ,r, emd
as prices advance, the Issue oi more ana n9Dpo Tbo
paper is required to supply the demand
issuo Itself by enhancing prices ana ,rs iIe
speculation instead Of satisfying tends 70 inCtee e 1s
demand Tor still greater issues; and ts te na'o d s t
on. nniil panic and i hnaneiai criSi' 0''Di''
As more money IS constantly demanded ana eeeIS , 20
be needed by business men ana SPECTATORS, % nv ~ mn
deceived b. appearances, ana are III ILL., lrc,Gt
derstanding that there is an excess "a scl
They do not understand the fact tAat the aeihu i lv
ia artificial and Is mostly created By tie enhanced pfIes
and tie SPIRIT Of speculation causedby an excessive anu
BY iafiitins prices gceray. including tho prices OF
labor. and Increasing he cost OK los ~ m
dusiry and coIumerceto raise products so hSn & s 10
lnye largo imports from "1road; ahu cts 90 so 9uch
By raisiug the prices Of domestic ptouaes ~ h x
above those of other nations. that they eanVt 49, @
ported with profit. It tends 10 neuraIc inc
upon domestic Industry duties foreign producs-
to suuplant dOme site by foreign lnhhhIacluts ~ w
undermine aud pagalyEe the manufacturing ana i'io
industry Of country , A., ,o.,,,,o Ia
fucnces and the dCsye ELECTS OF an excessive palcr
currency. Tho increaso n 1ie pIlees 9i pIuIS, e ~"
great numbers OF persons Win tue lu"t ttt @
snnposcd vnue OF tcir properly Others deceive them
selves by making money on paper, ny ueerai ~ =, ~
ceiye aud mscad, TO create ialse conception OF "ei.
10 encourage spirit OF spocnat0n' eAraVa2ahce n,a m
prodgay and 10 discourage industry Gnd attention 10
husincss In any correct view which cen be aken OF
subject, IL operates as an lmledhehI " 'e plo
| ress Ol = nation
But his yndicaion Of tho industrial advantages OF
chattc slavery comes too late in the day for accept
ance, and finds little support in tho teachings ot
history.
slavery the natural prOduGt Of hot climates ar and ot Of
warm climates aisO when religious ilil clceS 40 Iot
IcpIuf IT, I a
Many northern people have not only regarded slavery
as the principal eyi IN country but as tho prncpd
and almost tho only imuedmcnt 20 itS prosperity ana
progrcss They entirely overlook the influences Of eli
mate. and attribute % slavery much that should no
system Is urJnst to the slave n al climates, nus 70
conceded But now far II IL an impcdnent To te pro
ercss OF nation Is very different laerion, , int aG
slave general rule VIII not labor as cAecrihiy ana
diligently tho benefit * bis master ~ cold or te
pere climate IA lie would for himself u ne were lree.
ia very ccrtGin TGt African negroes wiz 90 oe laDol
m the torrid z0Ie any hot climate nhder t9 com
pusory slave system, than the same persons would DO III
rningo and VI the British West India islands.
Slavery tends to degrade ana discourage industry ana
to dcmOralzo people la cold ana temperate einaer.
aud 10 s,oe extent In hot ones also; but hot climates
produce tire samo effects without slavery the ey ini'
ence o slavery upon industry there Is more than coiu
and enforced by the siayehOldors II THIS reasoning 10
correct and think Il is) slavery operates an lmpedi
ueut 70 thc pr0cres Of people and nations In cold, and
also in temperate climates, but NOT NJ the lnIu ZONE
hot countries lying below the S5d doSfee oi
slavery causes an unequal and urJrst distribution
in ot ilais IA well as In cold and enables the former
not however lessen bar on the contrary, by means OF
coluulsory labor 10 augmcns the aggregate industry
and income OF The community.
Many Of the other political speculaions OF Mr.
Seaman arc equally untenable. and willserve to DIM
inish the wholesome influence Of his volume, al
though they do not impair its utilitya overflow
ing repository Of statistical and historical facts