Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-06-07
RICHMOND, Va, TUESDAY, JUNE I, 1872.
The Tariff The Order OF the Day.

and mischevous Distributions They give away the
proceeds of the Public Lands; and not only lessen by
much the Of the Treasury but the means
of raising loans upon the best terms-and then they
throw themselves upon augmented Tariff, 10 raise
the wind Who does not see however, that the OBJECT
of the predominant party in Congress is not so much
to raise revenue to administer protection TO the
Northern Manufacturers,
See the Justice and consistency of Mr.. Clay and his
friends In 3D. they pass The Compromise act. They
limit the duties after July next to ~ per cent Iney
hold out this pledge to the South as means OF lne
ing their objections TO gradual reduction oil the Iaf
At the time, they tell the manufacturers, you
ought to he con,ent-a 90 per cent. after JULY 1877
will be sufficient TO protect your manufactures. twas
amply sufficient hut for the specuallons OF these ma
nutacturers themselves. They were making heavy d.
vidends every where-and their stocks rose IN the mar
kct. With the prospect of this 20 per cent duty oe-
fore thcm they enormously enlarged the scope OF their
ope ralions and in 81 :S and 80, they multiplied,
perhaps doubled, the number Of their spindes Who Is
10 blame for this error Not the Soulh-not The con-
sumers- but the manufacturers themselves, for whose
distresses we feel indeed but who hive right
10 call upon the South to relieve lhcm than any other
class of capitaats WHO have gone into similar over
dealings and similar mistakes. Almost every thing SAT-
Cers from the sarnc emLarra Of the times. Bank
stocks have fallen, some OF them ID per cent etaie
stocks and corporate stocks have fallen IN like manner
But who can fairly expect the Government TO relieve
them?
The worst thing in Mr.. C!ays is, that he is
content with breaking his pledge to the SOUTH anu
overseeing his own comprolEise-that he not only De-
clncs reduce the economical expenses oil Inc TO
vclnmen, 10 The standard Of the 20 per cent revenue
but he ops off one great Of the Tfeasury-eives
away III lions from the public lands-ana INSISTS
upon compelling Congress 10 raise the arm beyond Tue
20 per cent, for the purpose OF supplying Tic vacuum
There want, not only Of common dscrelion but oil
common faith in this whole transaction, which siariles
and as,onishcs the Southern politician. No argument
can divert him from his arorte purpose. D'strbu-
un must be carried out, although the Federal reasury
ID emptyathoush the proceeds of The lands must be
made up by loans, or an increased lar'ii. lie
abandons all the pledges Of his I" sacred aud lnvio-
late" Compromise act He next abandons The pledge
in the Distribution act, of limiting the duties to ~
per cent lie must run the rlpughshare through all
his statutes sooner than abandon his pet-his iavofile
system of distribution.
Not 80, we trust, will Mr. Tyler act So far from
that alternative being adopted, have in he last Ma
disonian the most cheering srgn oil Mr. Tyler PERU
nacity in carrying out the Compromise act oil 3D. ms
own resolutions IN lS39, and his late message con
corning the Distribution. We take It for granted that
the following passage in last Saturday Mad'sonan IS
something more than mere thoughtless generates, or
mere words OF course:
GAner procaiminr the attempt which is about to he
made By the Federal Wings 10 mpeach MIR Tyler and
thus get clear of him, and extracting from The Enqu
er OF Friday last the paragraph upon tha point ana
confirming its statement, about which, by the By, we
needed confirmation, for, are assured 1t is one OF
the plots of the Whigs-the Madisouan thus goes on,
under the head "TnE PLOT rnicRESs
"Wlen this scheme tails, (as 1t win they have one
more chance, 0nd but one. In this movement, too,
majority ofthe American People will be arrnyed against
them 1t will be effort, conrniSire, expiring effort
unite the whole of the late HARRISON party against tile
Administration, and thus push Mr. Clay INTO the pres
dency BY the same vote aud the same majority that de-
feacd the Democratic party. And, to make assurance
dnubly sure they have resolved to procure another
VETO on their own terms. All their ingenuity will
be taxed TO frame bill embracing as many induce
mentS possible 10 secure the appreciation OF the ar
rson party while ri the same time, The utmost care
,cH be taken to construct ii in such ray that utc Pre-
sdent ,oiHb be compelled to Feto IL This will be their
siast card Let them play it, Let them test again the
popularity OF III. Veto Let them place the issue again
before John Tyler, of violated conscience or Veto
They have the majority The President will pre-
his CONSISTENCY FOREVER, or change from Convlc
ton, and rdun,ariy"
This is bold and manly language-and in full keep
ing with the other Extract, which il repubshes from
Fridays Enquirer, calling upon ilr Tyler to preserve
the consistency OF his principles, and veto any Tariff
bill, which retains the Distributions ut The risk OF en-
tending the duties beyond 20 per cent
A few more words, On pa.sdnt, on III absurd and
insdlous Of ID srihulion! The New York He
RAID of its last excellent Money Articles, shows
how the embarrassments Of the Treasury, IN making
its loans shave been enhanced by the operation Of that
i'll Judged measure of The Extra Session @e allude 10
the distribution Of the public lands
"The first payment the States, under that law s TO
be made the Isl day Of July proximo, TO such per-
the Legislatures of The several States and Ter
rores, the Governors shall appoint 10 receive H.
The amount of money due each State will not be large
but the aggregate TO pay will be very embarrassing
10 the Federal Government in its present condition
The of the sales of the public land TINS far
has been made public; but II understood to be
nearly the during the corresponding season OF
last year, which was S136,0i2. Assuming the amount
to be 5000, COO there are, according to the law, 10 be
deducted the xpenses of collection, surveying .alares
&C. and the five per cenium 10 the new States. From
the remainder to he deducted ten per cenum OF the
amount sold within the limits of each CT the following
States
Ohio Indiana, Illinois,
Alabama, Missouri, Mississippi,
Louisiana, Arkansas, Michigan
nThe sum of this ten per ccnum is to be given to
each of the States named and the balance Of the whole
is then To be divided pro raia among all The States ana
Territories according 10 their Federal representation
'lf we allow 100000 for the expenses OF collection,
and the original per cent 10 which each Stale is entI
lied by the terms of admission into the mon, there
remains 5000 COO from which this 10 per cent is TO be
deducted, which leaves $50 1863 to be divided among
the States. This will cntlie each TO the following sun
I'VE have room FOR this table TO day-but Firg'nIa
will receive the pary sum of S'9,c.3)
"These moneys, being the proceeds of the public
lands are according law revert TO the Treasury
whenever the tariff shall be raised above the twenty
per cent. duty the compromise act, which comes INTO
full operation the st of July. This first almen'
of moneys due the States has accrued without any such
ton, and must, therefore, be paid over atihe
appointed time. Some of the States have indeed, very
Justly, refused 10 receive their proporoni being IN
willing to become parties 10 such public robbery md
national disgrace. The other States will, howe'er,
eagerly seize their shares. The question then arpes
Is the Treasury prepared 10 pay NJ The probability
is that 1t is not; and the failure Of the Federal Gorrn
ment may be the result of this progeny Of the Extra
Session.
"Anoiher important event takes place on the LIST
proxmo- and that is the fulilmcnt OF the COMPROMISE
Tariff act and general reduction OF all articles IT,
reign import to n horizontal duty of 20 per cent Un.
der existing circumstances this event Will be aerueu
with serions Inconvenience to the Government, una
may also he 4 cause Of disturbance, in the fnan''ai
world. The stocks of foreign goods in this market have
are now great extent under process Of rc.exp'r'
some of them for sale in foreign markets. but large
quantity for entry, after the reduction Of duty taxes