The farmers' vindicator., 1874-09-18

The American Government is, to
day, struggling through another O
those periodical
FINANCIAL THRoEs
or convulsions, which, for the lasting
wealth of the nation, are becoming
alarmingly frequent. Every industry
is disturbed; and while there is an ex.
cess of currency over that of twelve
months since, when everything wore
the semblance of prosperity, yet,
throughout the land, from the man.
sions of the rich and the cottages of
the poor, comes the same cry: Values
are depressed; trade is paralyzed /;
markets are overstocked; wages are
reduced; and general financial gloom
overspreads the land. Whence this
universal panic? Are there no RENE
dies for evils like thisf The wisest
minds of the nation have given the
subject painful thought, and each, ac-
cording to his own idiosyncracy, has
detailed the cause and pointed out the
remedy; but the great majority of
these national doctors are SO immersed
in the very plans and purposes of the
promoters and originatoraof such pan
les, that these remedies only aggravate,
rather than lessen the disease. The
remedies they offer are deceptive-they
only give us another disease equally
fatal, to cure the one from which we
suffer. The Patrons of Husbandry
have been charged as the very cause
of the panic. If good results; if wis
dom comes to us through this tribula-
ton; if the nation. shall be brought to
see that the subversion of the natural
law of supply and demand, and the
abuse of the taxing power by special
protective legislation; that the array
ing of capital and labor in antagon-
isms; the depression of agriculture
and the concentration of wealth, will
always produce such panics, we, the
Patrons of Husbandry of the United
States, will take upon ourselves the
burden of all these woes, and glory in
having produced SO grand result.
AS a general proposition it can be
safely stated, that we have
OVER MANUFACTURED
as nation, on basis of fic
titious capital; and it cannot be denied
that we have done so because manufac-
turers are a class who have the certain
and abundant protection of Govern
ment, at the expense Of agriculture
and its immediate industries. And in
this way has been destroyed the equi-
librium between the great industries
by which, when well balanced, the
the prosperity of the nation is assured.
That has been declared superior which |
is only equal, and hence antagonism-
hence the strife between capital and |
Iabor-hence the concentration of |
wealth and power, and the diffusion of |
poverty, and the general out-cropping |
If public corruption.
In the second place, this country has
most wonderfully
oUT-RAILRoADED
tself, and this at the expense, especial
y, of the producers of the land. The
Ibsurd and unthiDking policy of the
Legislation of the State of Mississippi
or the past four years, on this subject,
s only the exaggeration of that policy,
~ ignorance and imbecility. which has
men of brains in the
states of the North and West, and
ven in Congress itself Money has
'een drawn from production, and the
ountry flooded with the stock of rail
Dads running in every direction; start
ng from nowhere and never ending
and based alone upon the
ounding phrases of their charters.
gigantic schemes, enjoying the prOtec-
ion, and using the subsidies granted I