Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-rcrh6 Total loading time: 0 Render date: 2024-11-25T08:41:44.179Z Has data issue: false hasContentIssue false

Chapter IX - Attempts to prove the state of affairs prosperous. Their fallacy established. Destruction of industry in Philadelphia and Pittsburg. Awful situation of Pennsylvania. 14,537 suits for debt, and 10,326 judgments confessed in the year 1819. Depreciation of real estate 115,544,629 dollars.

Published online by Cambridge University Press:  05 November 2014

Get access

Summary

For a considerable time elaborate efforts were made to prove that the great mass of our citizens were highly prosperous. Even official messages, at no very distant day, announced this idea. But the veil that obscured the appalling vision of public distress is removed, and there is now no diversity of sentiment on the subject. Bankruptcy of banks—individual ruin—and sheriffs' sales to an extent never known before—the idleness of thousands of those who have no property but in the labour of their hands—resolutions of town meetings—memorials and petitions from almost every part of the middle and eastern states—messages of governors—deliberate instructions of the representative bodies in some of the states—acts of legislatures, suspending the collection of debts—and, to close the long train of calamity, the emigration of American citizens to a Spanish colony, seeking an asylum from the misery they suffer in their own country—all distinctly proclaim a deplorable state of society, which fully evinces a radical unsoundness in our policy, loudly and imperiously demanding as radical a remedy. No temporizing expedients will suffice. Nothing short of a complete and permanent protection of the national industry, so as to enable us to reduce our demands from Europe, within our means of payment, will arrest us in the career of impoverishment—and enable us to regain the ground we have unhappily lost—and take that high and commanding stand among nations, which nature and nature's God, by the transcendent advantages bestowed on us, intended we should enjoy—advantages which for five years we have so prodigally squandered.

Type
Chapter
Information
Publisher: Anthem Press
Print publication year: 2014

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×