The calamitous fact broke out sooner than public expecetation. and before Congress met. After the startling fact. shall we now hesitate to grant what was mistakenly denied before ? With an area of eomtry about equal to the whole of Europe. dovelopeil under higher prices paid for labor. and greater transporting distances. involving more time and relatively more money to eflect the national exchanges. with railroads spanning the continent from ocean to ocean as part of a vast system of railways. compared to which those of Europe dwindle in importance. with an everincreasing population. stinmulated by extraordinary immigration. and whose activity grapples with agricultural. manufacturing. mineral. and coinmercial resources of utold extent. with an unexampled crop of cereals and cotton already blocking our commercial capacities in its effort to reach the sea for an inviting foreign market. can there lie a valid doubt that the country has outgrown its circulation and staggers ? ilow can it wisely be questioned that primarily the cause of the panic was dearth of circulation? The farmer whose 40acre farm reiuires the use of $100 in its cultivation. enlarged to double and more. in size. can no longer bring his culture withinthe bounds of his hundreddollar purse. The mechanic. grown into the master wor man and inventor. finds his machinery idle for want of needed means. the factory of an hundred hands enlarged into the employment of thousands. the merchants local trade multiplied into the mammoth house. with sales in every State and Territory . the capitalist. whose thousands have increased to millions. and railway projectors whose outstretching ways]now no obstacle or bounds to compass the traffic of the landall like architects of the countrys fortune. demand that -ith an already established integrity there shall also be given ain adequate cireulation. to meet the nations growing capacity.
Keywords matched
immigration