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The following is an extract from the late number of the Christian Examiner It has allusion to our own happy and Hourishng country Let it be read and judged of:

 Here is community, we are accustomed to say,

 free, fourishing, and prosperous, beyond all exam ple there never was country in which all men,

 from the highest the lowest from the richest to the poorest, could be more independent. And yet, If we were to travel ove, this favored land, and were to enquire into its real condon if not satisfied with fine land scapes and hourishing fields, and goodly dwellings, and the appearance ofwell clad citizens, we were inquire into the state of property and the degree of real independence and comfort that pre- vail we should be astonished at the appalling amount and distressing burden of pecunary oblgaton.- We should find an almost incredible portion of the community laborng under this load and pressure.- Debt, universal debt, would meet us, wherever we turned our eyes. The farmer owes the trader, the mechanic owes for the material, the trader owes the importer In many districts, the country traders will testify that considerable proportion of the debts contracted for what are considered the necessares of life, lie unpaid for two or three years-yes, and they lie in the shape of mortgages upon real estate. We have been in some of the most beautiful town ships in New-Engan and have been amazed on inquiry 10 find that half of the farms in them were under mortgage.

 Now there are several causes to be assigned, doubtless, for this extraordinary state of things; but one distinct and prominent cause unquestonaby is to be found in that state of political equality which we are considering. It creates large unproductive class in the female members of innumerable fam- lies in :he country The daughters of our substan- tiat tarmers Gas they called) cannot go out to service; it would be degradation they would deem it. Meanwhile tae chedpness of the fabrics which are sent out from manulacores has super seded the labors of the loom and the dstaff Spin ming and knitting are absolute tolls. And the abors of only one two contribute any thing to the support of the family. At the same time, this non- producing is by means non-consumng class as the bills 1.-the merchant show, to say nothing ofthat grosser part of the account, which the granery and the cellar have to render.

 Ut is perfectly evident that farmers, with mode- rate means must go down under this burden. They do go down by thousands And what is infinitely the most to be regretted, they go down in character as they go down in property. They lose heart and courage. The mortgage that lies heavily upon their estates, lies heavily an incubus, upon their minds. They often sink under it to indolence, vice, and ru- in ''