The Dawson journal., 1883-05-17

adelphia convention may SO guide
it ali lovers OF Erin and freedom
must reverently pray.-Augusta
Chronicle
TRADE AND OTHER EMBAR-
RASSMENTS.
Union and Recorder.
Within the last 12 months, (if
the truth were actually known
more than twenty thousand per-
sons, in the United States, have
hopelessly failed in their avoca-
tions. Among the merchants, at
least eight thousand have failed
beyond redemption and several
thousand more have been tempor-
arily propped up by Indulgence;
most Of them will finally regret
that it was extended to them.
Some of the iron founders, coal
miners, and manufacturers, went
under, and many thousands of ag-
riculturists met the same unhap-
py fate The $50 to 200 failures
that were reported from week to
week, we're confined to merchants,
large and small, to dry goods men,
druggist, dealers in furniture,
hardware, clothing, hats and shoes,
small traders, and wholesale es-
adjustments; indeed, in every
kind of merchandise. These fail
ures, the readers Of daily papers,
especially, have seen; were confin-
ed to no section, but we're report
ed from every state in the Union,
north and south; east and west.
The reasons given in almost every
instance We're dullness OF trade
and inability to collect. In DO
section have thereports been more
numerous than in the great manu-
featuring districts. The agricul-
tural failures are very seldom ever
reported, because failures, in that
line OF business, occurs in forclos-
ing mortgages and liens given by
farmers upon their lands, and Of
ten stock, for supplies to enable
them to make their crops. 1t
would startle the country to know
how many farmers in the United
States are in danger of loosing
their lands and homes. What
does all this mean, but inadequate
trade and the general want of mon
ey? and why this lamentable con-
dition of affairs? Crops have been
abundant, cotton production has
been more than doubled in the
last ten years and the crops of
wheat and corn and everything else
have excited the astonishment of
all intelligent men Our people
and all Europe have looked with
wonder upon these great results.
The United States are greater in
extent than Europe, and while the
latter has nearly three hundred
millions of population and the
United States but little over fifty
millions, the great mass of our
people with these immense re-
sources end crops, are but little
| better off. financially, that ma
iority of the people in Europe.
How is this to be accounted for?
Some substantial reason for il
must exist. WHAT'S it? Our FOR
mer very intelligent fellow citizen,
Mr.. ". T. Herring, formerly Of
Augusta, has united with the other
intelligent, candid and honest reaa
soners Of the Democratic party, in
attributing it to the high pr6tec-
tive tariff. We publish a por-
ton of his letter on the subject
He says: "The protectionists, the
monopolist and the corruptionist,
are band of brothers. They will
unite, and they we'll do everything
they can to flank the people on the
| tariff question. They will threat
en- the people with the substitution
of what the people think is q more
oppressive system of taxation,
(but a more oppressive system of
taxation vas never devised. They
will take advantage of the preju-
dice OF the people when they can
make them serve their ends. They
will squander the public money on
every protext, in order to show the
need of protective tariff to raise
more.
I wish to warn the people
against the snare and delusion of a
tariff for revenue with incidental
protection. When the people un-
derstand this question, as I believe
they will, they will not have
ireidental,or any other kind of pro-.
tecfion. There is not the slightest
need of it in our fiscal system.
Nor will there be a necessity TO
resort to direct taxation"
1t will be we'll to heed this adj
vice of Mr.. Herring. We have
read much on this question and
given to it the deepest thought we
were capable of and we believe no
man in this country understands it
better than Mr.. Herring.
But we return to the question Of
failures and will conclude with q
few words more in reference to