Virginia advocate. [volume] (Charlottesville, Va.) 1827-1860, 1827-12-15
VIRGINIA Advocate.

examine at length the dtctrines Of this elaborate
report, and must orbear on the present to consid-
or ITS arguments in detail while we coniine
ourselves to Its facts. Mr.. Rush states as q
fact, that the average yqjue of our mportatons
has not been dmnislital by the Tariff of 1924.
Whatever diminuticn nay have occurred he
thinks, IS limited to the TIA and silk trade of Chi
ma, while OUR importing essde from Europe whence
we chiefly derive our sn manufactures, is as
hoursihng as ever. La isoof of this position he
cites the average au,o,L.t Of duties during three
years antccededt, and, tlirec years subsequent
to the act of 1924 II, thinks that the last
Tariff has tended scrJ much to increase the
value OF our foreign, european commerce.
lie states the total value of importatons for the
three years prior TO lisp at two hundred and
forty one millions-1f excavations for the same
period two hundred md ssenty two mllions--thc
two hundred and sixty IT, millions Interpretations
Tor the same time, tive hundred ane fifty seven
millions. 1t would seern that the true means of
encouraging foreign cpsuIpercc is to restrict it,
aud that when excluded altogether it would he
most productive. MIR. Rash insists that his facts
are notnilucnced blythe comparative reexportatiou
OF foreign merchandise during the periods TO
which he refers. If his facts are true. they arc
strangely incongruous, il this be not the case If
the natioai treasury exhibits no practical demon
STATIONS on this SUBJECT would beg leave 10
refer Mr.. X. to The accounts of profit and loss a.
mong the Southern farmers and planters, and we
think his logic VIII be satisfactorily reucd by the
empty pockets and approximation Of those
VINO have relied on foreign commerce for subs:s-
teitc and wealth.
VIZ Rush seems to have acquired upoa The sub
Ject OF the arm ali the anirlction and zeal which
or. Adams has SO recently lost. system of
protecting and prohibltory duties in his cstima-
ton, comprises the SR'Amn, Joia!s OF government
Ii Is the political panacwa which is To reuyenate
nd Ct, Tho, l. II
Prarics OF the West with cities to cause the rose
TO blossom In all its fragrance in the wilderness
ana harmonlZe and compact the clements of a
great enlpirc This may be so-but it should not
be forgotten that the experiment remains to be
tested, and that the patent sometimes dies by the
iomeay, while he might have langushcd without
II. An indefinite increase of duties is recon-
mendcd in this report upon foreign woolcns. fine
co'ons, par iron, and hemp. Ii is stated as fact
pregnant with important lessons that American
cotton IL exported to England, there manufacture
ca, and resold In our markets. at an advance of
Jour or hvc fold. We regard this fact as fatal IL
ltistraton of the pernicious tendencies of Nr
tuSl theory. Would this material be OK
ported and again purchased by the exporter if a
iair price could be had for it at home or il he
couid Obtain the manufactured article here at its
value would not the measure recommended
by excluding the foreign manufactured article. al
SO exclude the American material from British
markets, and thus give 1t to the American manu-
iacturer at his own price while the consumer here
would be subjected to the merciess cxtorton Of n
monopolIst is not this theory OF Tariffs resolved
by practice INTO the princpe-that the gain of the
manufacturer by artificial bounties is the loss of
the .agricnlturst If VIC except the grain grow.
ing interest, which perhaps ought not to be cx-
ccDtcd. this is the fact
W.T. K'Ish recommends a reduction of tho du-
Ties upon teas and wines, to encourage the con.
SUMPTION OF these articles, and improve our trade
win the countries which produce them BY creatinn
an increascd demand for products in eXchan ore
ne mas also bestowed brief consideration on the
British Colonial trade, and seems to regard lis loss
as more nominal than real. The commerce orthe
United States is carried on with the West Indies
ana other British possessions, through the medium
OF cnfrcpofS and foreign channels The instance
ola cargo OF biscuit Is referred to- in which it seems
the article was sent from Philadelphia byIiyerooo
to the w. Indies. This trade has been chief1,
conducted through Quebec and the other ports o.
the st. Lawrence. Sr Rush thinks it profile
hatcai to what extent, this charge will effect the
interests OF the United States and how far o,r tom
age will suffer by It's being transferred to foro;an
bottoms This problcmhas been solved to the salts.
faction OF the southern interests, which are most
affected by the solution. We think il wonId con
tribute more effectnay to the property of ourselves
ana oil the nation generally if our intercourse With
tfesc markets could be preserved in the natural
49, "'SNt SiiIii I9ss,- Sk9u9h we do not presume IN
question the artificial and theoretical statistics ri
the Secretary of the Treasury.
The REGENTS from the customs for 1898 are es. !.
,na'ed at S2o37s 100-from tie sales of public
lands at - 1000 from the S. Bank dvidonds
OF government stock, at $500, OOO and from ALI -,
tner e, sources at SOY 300,-makng an aggregate
OF So 300, 600. The expenditure for Is2s is
estimated at 81 ,92S, SS5, ii for civil misccllanc
Gus and diplomatic purposes-s4 $40 Oo1 a, TO-
military service &c! &c! 50, 7s6, 649,o5 for ma
Va, service! And Sl0,00000O, for the public
DEBT making total Oslo 947, l25 AR
The following seSraeied Com Report -
y That the exact situation Of the whole G,pded
debt at this time may be seen, the several
parts OF which it consists will be distinctly scr
iorth' Tor the full information of Congress
Its total amount, on the first of October las, r,s
Statement No. ~ @GS,013,5H o. This sum
compartments the old Revolutionary three pcr
cents, amounting to s13, 296, PAY 10, rcdeemablc
nc pleasure OF inc Government; and the seven
unions subscribed 70 the Bank of the United
,2'd'eS, also rcdeemabic at tho pleasure of the