Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-11-14


of principles and politics is admirably adapted to
promote the designs of the few ct the expence of
the many to make the :" rich richer ard the poor
poorer"
The IntelliSencer may Re right, as for as il goes,
in assigning the cause OF the reduction. we were
aware Of the effects produced by the lower inv oc-
ing of the British goods; but the intelligence is
not quite so fnl and explanatory. the other
branch of the business, viz. the reduced quantity
OF the articles imported. The merchants have been
:" disposed to import less, no, only account OF
their general losses, but of the losses they would
specifically apprehend from importing particular
sorts OF goods-aTising in fact from domestic goods
rising up and oustng the foreign articles from our
market In other words, the importation has been
checked by the Tariff.
Should the tariff be still further increased, or
should our manufactures continue to multiply and
prosper under its present protection. may we not
expect that the annual deficit of the revenue will
be augmented in the same ratio? Indeed, the In
telligencer to admit its probable occurrence:
and (the revenue) perhaps, for subsequent
gears, may have, and has been, 0peyr0ted." Well,
in this state OF things how is the money to be raj
sed 10 pay of the National Debt; to complete the
system of Notifications already begun; to execute
the great scheme of Internal Improv ement; and 10
accomplish other great plans that have been pro-
lecied ior 9 lettering our condition." g The
Expose Of the state OF the naton,' will doubtless
advert to these interesting subjects.
From the National i,teLigencerl
The Richmond Enquirer has recently suggested
that there is rumour that the Rev enue of the u.
States will fall short, the present year, by one or
two millions of the amount anticipated for it in the
official reports from the Treasury Department, and
Committees of Congress; and attention is call
ed to the report, with request from the Editors
OF the Enquirer, that will ascer. ain its correct
ness. We have not had an opportunity to do this,
and, as we are soon to have the official Erpose
OF the state OF The Nation, including its finances
we have thought il would hardly be necessary to
make special inquiry, even if that inquiry would
certainly be successful Without making the in
vestigaion, as we have ourselves heard the same
report, and as it appears to to have probability
to sustain it, we believe the Iunor " i'll turn out to
be true.
The effect of such reduction OF the revenue
would be OF great moment for, in the pre.en,
condition OF our country, million or two more or
less OF dollars in the Treasury is of little conse-
quence. In such case, the People will have
paid just so much less in the shape of taxes, and
the money will remain in their pockets, instead of
being taken out of it; the Bank of the u. States
will have go much less of the surplus revenue in
It's Golfers, to discount and issue upon and will in
reality be the only loser by the fslng off
The reasons for believing in the alleged reduc-
ton OF the annual revenue grow of The filtered
condition OF trade, all over Europe. and in this
country OF course, within the last nine months -
that is, since the Treasury estimates were laid be-
lore Congress and the People. In the first place.
the prices OF the most important articles of imrort
have lowered within the past year. Cloths. for
example, which used to be invoiced at eight dol
lars, are now, If we are correctly informed inv oc-
ell at hye dollars, and so on in proportion. OF
| course, the amount of duties on the same amount
OF such articles pay duties al vd!oren, in which
class are embraced the gIe eat items of Woolen and
f'OetN Ill
twelve months ago, in the proportion which five
bears to eight. This remark does not apply to the
importations of the whole year, perhaps, but il
applies 10 certain extent, and sufficiently, as we
suppose, to cause perceptible reduction in the
revenue receivable during the present year, and
still more in that receivable during the next year
when the duties accfuing during the present and
last quarters of Ike year will become PAYABLE
In the next place, merchants generally, not only
here but elsewhere, have, within the last eighteen
months, met with great losses They have be-
come di'heartened, tiinid, and disposed 10 UNDER
take less than heretofore. This we suppose 10
have had the effect TO lessen the amount of com
merciai transactions. so to reduce the quantity
as well as the specific value of articles imported
Upon these data, the revenue for the present
year, and for the next year, and perhaps, for sub
sequent years, we believe, may have been. and has
been, over estimated. What may have been wisely
calculated, under existing circumstances, twelve or
eighteen months ago, may well dsappoint expec-
tation, 1t, in the intervening time, those crcum-
stances have essentially changed. Calculations OF
revenue from mpOst must always be uncertain,
and his has been of the strongest arguments
in favor of direct taxation instead of relying on
impost an argument, however, which never con-
WINGED us. 1T always uncertain, they must be still
more so, under the operation Of such fluctuations
in trade we have lately seen.
.qnfi- Slavery Conrention--A correspondent
of the Democratic Press has favored the public
with brief outline OF some of the " acts and do.
ngs' Of tie Convention lately holden in Baltimore
he article will be found in another column.
The National Inelligencer has copied the reso-
luton approving an appropriation of the United
States enue, for the removal of slaves to be
HEREAFTER emancipated, aud reiteraies its for
mer opinion that this resolution &c proposes nothing
contrary to the constituted The Editors decline Tor
the present, argument on the general power of
the Government TO appropriate money; and con-
tent themselves with asserting, that, 4" in 1902
both Mr.. Jefferson and the Legislature of Virginia
were of opinion tina, the power did exist in the
General Government for the Colonization of per-
sons OF color" They also refer to other approy-
ing acts OF the Legislature the same subject
The following extract of letter of Mr. Jefferson, lis
published TO show his opinion on the subject
Extract ofa Letter frsni THOMAS JEFFERSON,
dated January 81, 1911.
" You have asked my opinion on the PROPOSE
lion Of Ann Mifflin, to take measures for procur-
ing the coast of Africa, an establishment to
which the people of color of these States might,
from time 10 time be colonized under the aus pices
OF different Governments. Having long ago made
up my mind on this subject, have no hesitation in
saying, that have ever thought that the most de-
siTdbLe measure tDhirh could be odoDfsd for