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Wisconsin State Agricultural Society. 
lessor of political economy, at Oxford, England, Bouamy Price, in 
a recent lecture, quotes the following from an American journal, 
{New York Herald:) 
“We have a country, for its size, its agriculture, its manufactur¬ 
ing and commercial advantages, far surpassing any other nation re¬ 
corded in history, in proof of which did we not export last year 
nearly ^400,000,000 worth of bread, meat-stuffs, and cotton; yet, 
our republic presented to the gaze of mankind last fall and winter 
the greatest incongruity of any other nation that ever existed, 
when hundreds of thousands of native-born American mechanics 
were reduced to the first step toward pauperism. When they ap¬ 
proached soup-houses as mendicants; with blushing countenances 
and aching hearts, while corn by the ten thousand bushels was con¬ 
sumed in the west for fuel, and to add to our shame, thousands of 
French artisans left this boasted country during the September 
panic, and returned to their respective countries to obtain employ¬ 
ment, whereby they preserved their true manhood and dignity of 
character.” 
After reading this extract, the professor continued: 
u And I read in one of the journals of New York, to-day, that in 
the great State of Pennsylvania; in the coal regions, the very cen¬ 
ter of wealth, the very productive force of modern times, employ¬ 
ment cannot be obtained. There is no food for the women; labor¬ 
er’s families are starving, and every kind of moral and social dis¬ 
order is looming into prospect. Gentlemen, that is the great thing 
which I propose shall occupy our attention to-night. How comes 
it to pass, that in America, teeming with every powerful resource 
for making man worthy and great, that these fearful calamities are 
in prospect.” 
The lecturer then shows up the folly of our financial system, by 
which we have sold thousands of millions of dollars of our bonds in 
Europe, since 1860, receiving therefor nothing but barter, or in 
yankee parlance, for store-pay. This is wfiat he tells us. 
“ Mind—loans always come to countries, not in money, but in 
goods ! always ! Do you suppose that if the nation borrows 
$20,000,000, or $30,000,000, that the foreigner sends $20,000,000 or 
$30,000,000 of paper-notes or sovereigns? What you borrow is 
goods, and, of course you have a jolly time over goods, and the gap 
you make in yourself is not perceived. All spendthrifts; that is 
