The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1871-02-17
REMEDY FOR HARD ZINES

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maintain that condition Of iodepen-
dence, prosperity and happiness,
which nature bad designed the State
to enjoy, by the vast gifts she has
bestowed upou it.
Individuals become embarrassed
in money matters; ether from bor-
rowing money to make permanent
or negotiable investments or from
their current expenses exceeding
their incomes. SO tits with COM
munities or Safes; when money is
borrowed from abroaa, 10 make per-
manent and judicious investments in
factories, railroads, and other intei a.
al imp ovements, the accompanying
inconvenienceS and embarrassnenis
may be properly borne, with the
prospective retu MS of profit in the
future and the knowledge that such
pinvestments can at any time be con-
verted into money to diminish exist
ing EMBELLISHMENTS. But when
debts are contracted abroad TO pro-
vide for current or family expenses
to be consumed 10 the State; to he
extent that such debts exceed the
value of the exports off the Stale, 10
the same extent will be the financial
embarrassmeuts of The State, and
the warning of approaching bank
ruptcy.
In the exhibit of the financial af-
fairs of lur Stale, 1t is shown with
an income of $50, 100000 exported,
the State is Importing $45,000,000
of supplies Tins innnrring debt of
$10,000,000 pr annum. By refer
ence to the statement it will be seen
that the items charged, a'e for pres
ent consumption, and nothing placed
for permanent and profitable, invest
ments-~all lost 10 The STATE after be-
ing consumed and but li!l- 1ot 70
! - =. Ina to the debts incurred.
So soon as the causes of QUE
present emba rassment or prevailing
.shard times" ave under stood, the
remedies to be applied for relief are
readily seen-over expenditures be-
ing the cause, under expenditures
becomes the remedy. Suppose for
example, every citizen of The State,
diminish, the present year, their
family and plantation supplies of i'm
ported products to ono half the
amount of preceding year, viz
provisions 100000, clothing S5,-
100000, coffee, tea and sugar ST.
100000, fertilizers $3,5oO,0o0, IL
quors! (tho whole) $5,00o,ooO,
horses, mules, carriages, wagons
and Harnesses 100000; realiz-
ing an aggregate saving 70 the
State Of $40, 000,000-suficient IL
discharge the debt Of The proceed
ing year and leaving a surplus Of
$40, 100000, 70 be invested IN Fac
tories, Railroads and other perma-
ncnt investments By the exercise
of such a partial remedy aud applied
with SO little inconvenience; imme-
diate relief would be experienced
and when the crops of the present
year shall have been gathered ant
sold, the State would DO in posi-
ton to loan money and not be a Dor
rover at II to 20 per cent per an
mum.
This remedy however can onl.
afford temporary relief, our peopl'
must have food, clothing and thu
other articles of consumption snum
Grated, even Liquors and liquOr-Bit
tiers, presume must be had; if no
produced within the State, then they
must be imported from abroad, ant
our products be exchanged for them
and thus renew hard times and higt
rates of Interest. Permanent relic
can only be secured, by the produc'
ton of these necessary supplies
within the State, to the extent tina
self interest and the climate vii
permit--diversify our agricultural
products, plant less cotton and moro
cereal; extend our stock raising ant
thus diminish the demand for com
mereial fertilizers; put our numer