Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-29

the influence Of these two measures or the South and
North are not overrated, will appear most ncusvcy
by glance at the history of trade from the yeur 1871
TO me present time We have already noted The sudden
increase OF the expectations a! New York and pcnsy
Vahia over virginia, the old bank went INTO
'u! operation VIZ: from 10 millions. They con-
tinusd To Increase the business Of that institation
progressed and oties banks multiplied, mu they reach
ed IN New York, $2G,317 900 in lS07,-Firgina
naming nearly stationary; her cxpnrations that year.
beng %l,1bl 900. large porlion Of these exports
from New York, was as above stated OF foreign pro-
ducts; and OF 20 millions, 50, g37 $3.50 of AmerI-
can growth rgnia having TINT wear exported
OF her $i,Nuo:oja, only sos ,00a and thus, while
New DIRK was deriving the profits ui' II trade Of 10
millions OF exports Virginia reaped the bounty
trade only OF sos 600. In ISL the bank expired and
how was 1t then: New York reduced TO Sl2,266
oOo Uoregn and domestic )-Virgina still remaining
the same VIZ ST. s22 900. In lSl2, I II and 10, trade
was interrupted by the war, and there being u. s.
Bank during that period, let then how trade
started with each State relying its resources
without Tariff or Bank. Thus, in 1876 New York ex-
ported l9G90,00O dollars; of which American produce
amounted 10 Sl4, 900 In that year Virginia
ported SS,2l2, 600; of which, SS,ll3000 pro-
duced at home. WELL the Tariff and Bank got into
operation and what the result In lol7, n York
ports 81 ,O9S 000 and Virginia falls c 3G00 900 dol
lars In the meantime, the Bank gets into disorder
and WAS on the OF bankruptcy; and $50 was
year OF great distress and embarrassment. Domestic
produce shipped from New York that year is only
SCOT, OG0-a reduction OF millions from the domes
tic expectation of 1877, and Virginia still continues
! s,ationary-her decrease not amounting TO $4,000
Ia 1891 the Banks began revive, and from that Pc
Rod up this we have actual official returns of both
exports and imports That year New York imported
S23 G2o, 0o0-Nirg;nia i; ,07ootm Another tariff law
passed in 1871 and the United States Bank is we'll
7 t,lr
aic. It's passage the New York imports $40 ,O39
goo; Virginia only S553 0Ge-rnd one year after the
Tariff of lc2S, which, we have sand, gave the finish
inc STROKE, Virginia iror;a,ons had fallen OIL to $50
Geo This being, too, when the operations Of tie Unit
I'd States BanS mas: extensive and cssiu!;
coincidence ton remarkable 10 need comment. But
fortunately for rs, the Tariff OF ISIS permitted
operate long in lis fall vsor. On the 2j;h May, the
act repealnI the duty coffee and other articles pass
ed and on The ID March, 1883, what is called the
promise act was adopted, which has already greatly
reduced the duties, aud under the operation OF which,
If not disturbed, all, except what necessary for The
lust and economical wants Of the Government, will be
taken off by the lc42. The salutary effects OF
these reductions begin already TO show themselves.
Since 1880, the direct trade of the staple States has
been progressive The imports Of this State increased
from 70 10 st (the last ncluded) from $iGo,73o 10
81 LOG Sli-that of South Carolina, from 81 1874 ,oi9 10
81 sol ,3l5-Georgia from $500 i@6 to 1913 222: and
Louisiana from 81 500 0e2 10 Sl7, 3l9,Si and what,
perhaps, indicates still more strongly its tendency to
permanent increase, is The fact, that the commercial
disasters Of the last year have depressed the imports OF
the staple States less proportion than the others.
81 the risk of worrying the House, | have gone
through with minute examination OF the operation oil
the system OF measures, which have made the Southern
country absolutely tributary 10 the North They have
all been put Goa after struggle Of fifty years-the
Bank and Internal improvements by the Executive We
lo and The Tariff By State nerposition. But tits no
sooner down, than the attempt is made To revive the
Tariff in infinitely worse form, through the IN
strumentalty OF this Distribution policy The unequal
operation OF il have shown and am too wearled TO
sum it up as desired Suffice il 10 say the South will
contribute in the shape al duties, to supply the
in The Treasury which the Distribution Will
create. She wall receive less, Nirginln AZ per cent
less IN consequence OF her slave population; and all
the inciden tai will niure her and benefit the
North. VIII Virginia acqulesce IN the policy: Gen
tlemen may rely upon II, that when the delus'on OF
party and lis prejuGices have vanished-when The pub
lie mind is brought to calmly reflect upon IL, that poll
cy, together with its advocates, will be epudated with
scorn.
Let the doctrines of the present majority, in this
Assembly become the acknowledged teneis OF the Co.
vernment. Let their latudinous mode OF constituting
the Constitution prevail by which the powers oil I'M
limited legislation will he conferred on Congress, and
lie. the States look the General Government for the
means of supplying their Slate Treasures and our form
of Government in spirit, whatever 1t may be IN name.
will lie subver,ed and practical consolidation will be
the Guence. In place Of your present admirable
system, under which every nteies, is left to the control
OF the authority. which best understands and can best
manage II; yen will have grand central Govern
men tran! ping upon tile Liberties OF psoSTale eo-
pie
One word as to this question OF reception, and have
done. am gricred to find gentlemen opposed TO d g.
tribuion, get gong for reception. was particularly
greved 70 hear the gentleman from " Williamsburg,
(Mr. Bowden) who made such strong speech against
the policy OF distribution, declare has purpose 10 vote
for reception II distribution be wrong, reception can
not b. right. II il lag wrong to plumber the Treasury,
in this form, canno, te right to receive the sPolls
refuse to receive, is the most efficient way 10 put
down Distribution The law is unequal enough in lis
operation any why, have shewn; but, if few Of
tho States refuse receive any thing under It, 1t VIII
be too much for any one 10 insist upon enforcing IT.
This will be the case certainly, If Virginia, who ceded
such arre portion of these lands, refuses TO receive
any thing from distribution But, if you receive the
fund, you Ex distribution upon the country, perhaps
forever. The States will adjust their State finances
with view to il, and after they have done SO, they
will not readily submit TO the arrangement which the
re peal Of the law will create When gentlemen there
fore who are opposed distribution, vote for recep
on they adopt the most etctual mode of fixing the
measure, which they say they opposed, upon the
country.
In the race of prosperity the North for 80 years, has
had greatly the advantage Of the South The measures
in which originated have all been Frustrated, after
protracted struggle; but the effects still left behind
Let the North be satisfied with this advantage, and not
insist upon revival OF policy which has impoverish
ed US and has oggtandlzed them Let us from our de-
preston now cotmcn the race, without further OBJ.
sacle from prosperous competitor. We have tired
the system of measures which have been discussing
for 10 years The result has been the humiliation OF
Southern prosperity. Let us now, when we may, II
for no other reason for the sake Of the experiment, try
different system Of policy, and not in worse
FORM by This fatal step o! reception, 10 that winch has
so nigh ruined MS.
j. G. GREGORY 81 Co.. Managers,
LIu0rL nd