Show RESOURCES we e have llave within ithe althe the liml of orthis th territory all the necessary el elements e ments 0 of great prosperity we have an industrious virtuous intelligent and energetic people a soil that yields when properly cultivated sufficient to sustain sustan them and a considerable surplus for exportation iron fron iron in abundance buna bund ance for the working to supply us with machi machinery nery and the many indispensable articles of everyday every day use now freighted at heavy expense from the east andrest and west coal of which an excellent quality is being brought into market good sheep walks walka for keeping sheep to furnish wool for all the woolen fabrics required cotton sufficient to supply large quantities of machinery for working it up in fact we are rich in the elements of great and rapidly increasing prosperity yet with all our experience III in the past but few when compared with the great bulk of the people possess that sound practical judgement jud gement in financial matters which enables its possessors to look through and beyond the seemingly prosperous erous to a less glittering but re really ally aily permanent condition of prosperity A combination of circumstances not long since caused money to circulate here more freely than it does at present many found themselves in possession of a certain amount of the circulating medium and they were not long in learning that it was more easy and more expeditious ious to go to a store and purchase clothing than to keep sheep clip card spin and weave the wool and get cloth by that means or buy cotton cofton yarn made from cotton grown and spun in this territory that they might have fabrics made from it ft the consequence was that for these and other articles this money passed into the hands of speculators and storekeepers store keepers many of whom had no interest in common with the community but assiduously sought to bring trouble upon the people if the money which has passed out of the territory within a very few yea years yearb r being paid by the people to those who carried it away to enrich manufacturers and mechanics in other places had been directed towards the development of our internal resources used in purchasing machinery sustaining home manufactures fac tures and in other kindred ways the clear gain to the territory today to day would have reached a figure that would as astonish to fl many clever calculators but the past is gone and cannot be brought back again if we can learn a lesson from it for the future and profit by our experience we are still progressing avery A very warm discussion occupies the attention of political economists in the east on the subject of protection some of the leading journals contend that a heavy tarri fr amounting almost to a prohibitory one should be imposed on all imported goods that native manufactures fac tures might be encouraged and grow to successfully compete with the foreign on equal terms other leading journals maintain that such a policy has been already proved a mistaken one I 1 in more than one nation that the genius of the age declares in favor of free trade which encourages competition induces energy incites to industry and stimulated enterprise and inventive talent all of which protection is calculated to retard but while they are discussing protection our manufacturers enjoy it in the exceedingly heavy tariff taril ron on all imported goods which the freightage to this territory Terri tory toty from large commercial bentres centres imposes here is a protection to home manufacturers which should not be lost sight of by them thern and one which will disappear as the pacific railroad approaches comple i tion if they and the people would have e hom hdm flome 96 so as to successfully com compete petg pete wih w gli ali lm imported PP arted goods and the more speedily make us independent of all such importations able to entirely dispense with them should such a thing become necessary now is the time to do it this can be done in a variety of ways sheep must be kept and the breeds improved the culture of cotton so successfully gom dom commenced after much labor of mind and body by those most moat interested in the welfare of the people require required ig to be fostered silkworms silk worms will have to be kept and the mulberry tree planted out by b y thousands where there are now none that raw silk may be obtained for manufacturing our iron needs developing and a coal mine close to every settlement would yield more permanent prosperity than a gold mine and a silver one side by side to sustain these and other branches of home ture making leather hats clothing in fact of every kind articles for use in the household and everything that claims a place as a necessity would the people not be pursuing the wisest policy to keep their money at home and when they do pay it out pay it for home made articles that those who have imported in or may way int ini import port machinery may be encouraged iu in their labors and feel that they are receiving that patronage to which they are fairly entitled it is gratifying to know that considerable machinery is being brought on this season we ve hope that the counsel 91 given ven by our pur leaders on this subject may be practically I 1 eally cally observed and that next season will vill witness a still larger amount brought on than this one and so keep progressing until we become really self sustaining and able to supply the neighboring markets that instead of a regular drain of means out of the territory there may be a continued current flowing into it which will enrich not only the manufacturers of goods for exportation but the whole community as well as it flows through all the channels of society |