The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-10-06
RgvlvAL or BUSINESS.


when we left New York fortnight
:, there was every prospect Of gradual,
y, steady and sure revival OF trade and
,o6dence. Up to nearly the last days
The session Of Congress, there had been
,ch 10 increase the gloom which years
=, ni.rulc had brought upon every in,e-
:, m the country, manu-
.,uring aud farming. Not only was the
,,rency dcranged, manufactures broken
Avn and produce SO low as not to afford
c,;r remuneration to labor, but, to add 10
a. hose terrible evils, there was pros
81, that the government would be left
,hon, a revenue, tina, the public works
'roold be stopped, the army and navy aud
me public officers remain unpaid, and the
nnbic credit be destroyed.
~ avert these great calamiiies, large
,o,iority Of the Wing party, united with a
siderable minority OF the Locoiocos in
conpress, succeeded IN passing Revenue
Nm .hich, whilst Il is calculated TO pro-
!, Al sufficient funds TO support the govern.
,aeo, and gradually pay oil the public debt,
t.,,i.e affords an Incidental protection 10
aro,r American interest, and carries out
,b,t "counteryailiug policy winch Gen.
l,etson advocated towards other countries
u,o tax our products enormously. II IS
N. law which has revived the dropping
.o,r,s Of tie country. Under its On the
4 r,,e) benign influence, commerce IS re-
,,,,nr. scores of Factories, which have
,aen closed for months, have been again
I'M IA motion, the great iron mines are
eoee more filled with active and cheerful
tikmen and without any Of that specu-
t,,r,e sp,rit winch worked so much evil in
,,ner wears, there is feeling of cheer.
fitness. Of hope, and confidence, growing
mn. IL Is believed that the Act will give
enpIoymcni, IN various ways, TO quarter
ofamill,on Of persons, who have been either
i4e. or driven to labor IN pursuits uncon.
GENIAL 10 their habits. This must have a
,so.t beneficial effect upon The agricultural
interests Of the South. These persons vii
| become consumers, instead Of producers, 81
or raw material, provisions, DC. The per.
saas s. 10 will be injured by the Act, are the
| English manufacturers, agrlcultuFlsts, &c,
| vbo win cease TO have that monopoly Of our
| marte,swhich our low duties, aud their owr
| f,h duties, gave them. As We can con.
| tene Of no reason why our Congress.
| should lcgislate for the benefit Of the En-
riish people, We cannot grleye at the effect
Il IS true that some Of the Southern
| Wings voted against the hlll-pau 10 de
ference 10 the known will o! their consiit
| gents, part because of their hostility {,
| PARTICULAR items of the bill. One member
could not approve OF the duty On co,toI
begging, another objected to that Of IRON
DC. But there can be no difference o
| opnion on one point, W; that 1t was abso
a'ely necessary to provide an adequate
y revenue, aud direct taxes being utterly
~. Of the question: there was no mode o
, n,sing Il except By an increase OF the Ia
MI. The 20 per cent. Tariff, provided b,
tie Compromise Act Of 1882, would no
ED ID millions of revenue. How thei
t9IId the expenses Of government aud ih'
a5lc debt be- paid Only by increasing
ao Tariff to an average Of something like
3 per cent. This was done, and IN oui
aion, Congress deserved as much credi
he act as II would have deserved cen
are if It had failed to pass II. The Law i
! 1l5tlcSs eSccpii..aabie and unequal II
SINE respects; bat viewing i, as a rhoie
could not be dispensed with i, was alb
1tuteiy necessary, and its passage was at
Evidence Of patriotism sor which Congress
deserves lasting credi,.--Fay Obserrcr.