New-York tribune., 1842-03-10

(Mr BERRirS here SPOKE something cot heard o.
the Reporter in relation the mint a; Dahiones wri
excited much mrh II the ncighbor1ng par OF u
While every piece Of CON made tEes u.e., fs,an.,i
meut could just As well BE- coined by the cenai .a d.
And nov gone through ;h all te details OF ;hs
sere. Of resolutions. thought 1t my dnly 70 iges
,, nc . u, % be advantages which appears to
.uouf urge uo afoptthe sseni OF 1haiicie aehe
Ana irs, The Government viii, tbs way secure 10
tell an adequate amount Of revenue without being Obliged
70 depend temporary and tis'epotabte e1fd-r ana
thu, preserve tie pubc credit unsulicd-whch deem
great OF e plan Credit Is OF nca!cniahie val
| England, country with rtdc;r one day again
in co.lic-t.orgI yves pleasure 10 say tha;
cannot perceive at present the iras; sfck Of nths
political norzonowes ter greatness her v.stness Of power,
pervafng The hablaoie gloe manly 70 her strict and UNI
nrin acnonto the preervatIo1o the National credit
The pe1 thing recommended Is retr-ncbuleht II TIC
National expenditure. and greater economy the idn.i
ation OF the Government And do noi o*e II u !his
bleeding country, ourselves and the unparalleled cond
ton the tines exhibit the world h1. reso!ute,
and aTouc pa19ss q reduce the pubic expenditure 10
/ But msch important advantage than ei,her Of
hoseI haze yet adver;ed be found in the check
which the adoption OF t plan III npo>- the eiluI o.
the precious metals from TN; Country TO foreign countries
sia! not now 90 INTO TN. causes D!'vIcn he Country has
been brought down from tic elevated condition OF pr",pe
y j; once enjoyed 10 IT, present state OF general Farr
isf and distress t!nh hat those causes ar AZ distinctly
10 my understanding and memory As any subjects * re ever
impressed there but have desire 20 al-cCSon
winch can Only revive tge remembrance OF unpleasant 10
pics NJ purpose, 1r'i purpose this OCCASION ta,
been appeal all gentlemen al! political ,ie OF tis
Chamber 20 come out and maze sacrifice i all lsr t'
ference. patriotic, generous and general Effort Tor e
relief ri their Country shall open those bleeding
wound, which nave, IN too may instances been inflicted !y
brothers handesec i9iiy A not DO at tt time, and
tins occasion shall look merely al facts the;
,sai not ask what have besn the remote causes OF '. DE-
preston and wrelceGDe o: gorou. and happy
County, viii turn rly="iew Only causes whc are
proXinaie, ln' -puate, and lmtnediaflJ before U.s.
One great not sole. cau 70 be found IN the with
c1a,val coin from, the Country pay debts accrued
cruing abroad tor foreign imports or d: bts contacirl u
ring former periods OF prosperity and stl hanging over the
Country fo" this withdrawal operates in pracic. sot
difficult 10 be understood h. banks OF te CounrH t.n
they sound state. ufos .s coin a. the ias, OF
their Circulation and discounts the withdrawal oil u; not on
" obSes TIE banks 10 withhold discounts and accoihoa-
TONS bot TO draw in What due from their debtors al the
precise Time when they sharing the general structure are
least able 70 meet the calls Property then throw INTO
the market 10 raise means 10 comply T those demands
depression eaue and, raby tLe ten;h
IS Downward tendency IN us value II iaIis below II, real
worth u, the foreign demand for specie 70 pay coulFer-
ca aud other public deht operates de.ty upon the pre-
cous metals themselves, which are gathered Up by bankers
and brokers and Others, Obtained these repositories
and thence exported. Illus this foreign demand has
double operation, one upon the banks and ttroagi them
upon tie community, ANA the otter upon Tie com OF The
Country Genlcnen, ny humble opinion, utterly de-
thesely atributn. The banking institution, all
the d,tres.es OF the Country Doubtless erroneous and
fraudulent administration Of them la, ocGa>one
much local individual distress. But would he
porary and limited. whilst the other cause.-the continued
ciiu1 OF specie from the Couury-i! arrested. would
Jerpeuae the distress, You anuilate every bank
c Union, and burn every bank note and substitute in
their place circulation Of nothing but the precious metals
a, iong such ,aril continues exists yelr,
would not clapse TIL youWoIl find the imperative
elty OF some paper medium for conducting The domestic
exchanges.
announce only IN historical truth when declare, tha,
during and ever since colonial existence NECESSITY
gvcDrSe 10 the existence paper circulation
form every colony this continents there per-
petu1 struggle between the Crawn and ROYAL Goverhors
iIan and the Colonial Legislatures the other TN,
very subject OF paper MONEY No. il youl!ad tomorrow
circulation consisting Of hoihn. but The precious metals
they would leave YOU the morning dew leaves field
and you would be lett under i necessity OF evno mode
10 fill the ciasin produced BIZ their absence.
am ready 10 make concession the gentlemen
alone the thermometer Of our monetary uctua,ioas would
not rise high fail "a low wctic circulation
mixed character CONSISTING partlo and parity pa
per. But then the fluctuations themselves, within
circuncibed range, would be quite and they
viii and must exist 80 long such ;ah remains forces
the precious metals abroad. l again repca, the assertion
that could YOU annihilate Tomorrow every bank III"
country, the same description OF embarrassment,
il the same degree, would sll be found which per
What, then, TO be done check this foreign dram We
have tried Tree trade w have had the principles free
opera ting than hall die total amount
imports for the greater pant OF nine past Tha will
doit SEE. nole recall The recollection the
senate le period when the protective s;scm was thought
about be permanently established. ~ hat the great
argument, then urged agan., It's establishment twas tbs:
,, duie. We're ln! directly or protection then
resort 10 direct taxation To nect M want, OF the Govern
mcnt-evel body must make Their minds 10 system OF
internal taxation Look a, the debate in tue House OF Re-
personalities o: 1924 and You will find that that was the
cont which ie urea, stress wa, laid. Well iturnei oGl
the friends OF protection told you would !" dlat
such would not be lhr effect True, ii would diminish I'M
poria'i"n, as il did; but the augmented amount Of taxes
| goots. This We told you. and We were right
How has tree trade operated on other great Interests
o mT sp of o I caroea ar I" ar
most vivid and iIigiul picture OF The condition. OF the
becoming masters. and masters overeersgcneral slagn-
ton and approaching runa picture which confessed,
filled me with tnay-cried abolish your ;arl-r
reduce to the standard OF economical Govern
mentand once more the fields of South Carolina Will smile
with lrauty-her cnbar;,smcnls will vanis--colnmcrce
wrurn TO her larbor., labor her plantations. augment
ed prices Tor her staples. and conenmenl ana prosperity
and universal happiu..., oppressed people. Well
we have had nine Of tescenlng tariff and OF Tree trade
Nine wears iron 1921 10 1888, we had the protective policy
OF high tariff aud nine On 1873 To 1872 we have
had the iuI operation o free trade more than noiry OF
residue And what Tie condition OF South Carolina al
this .av! Has sin. cal,"d her lost prosperity Has She
recovered from the ccsoaiion and ruin confidently inn
putct 10 the existence OF igiarll believe II liz GEM
tean from South Carolina cou be interrogacd here and
ercd by av0riie but decisive theory he would tell
that She has no, experienced the promised prosperity which
was dwell upon viii, much eoquence by his teilowc
How regard 10 the staple of the South:
How stand the prices OF cotton during these nine oil
Tue descending Tariff and the prevalence Of Free Trade
How do these with the nine OF Pro-c
ton and high Tariff Ii the price oil increased
1t has happened that during the Tariff years tie
price OF cotton from 1924 TO 1885, higher dian I, ar
and al the n,,aRtl speaking understand that COTTON
selling al lower rates than have been realized since the
rists adhere 10 tayort theory and search out iormacinay
causes ri results before ler eyts and deny the True am
There are two ~ cat leading" !cnl,,ic facts Inch zen
tlenen ADMIT first that high rri did not PM, down
the prices staple commodities and second. That d low
raii! ~, Ere. Trade lave not been able 10 teinpm
depression These the facts, let ca>ul>t. and theorists
n the advocates OF one-s!ded paraytic Free Trade,
which sound side The World, and hlgicd
and paraycd and dead side toward our people, make
oi them what they AZ The very that England
pushing the resources OF Asia. cavang the fields OF In
dIa and even contemplating The substituting AFRICA for
tie supply OF her iactor,, with cotton and wien the
poratlon> roV India havr>w-l!cd from 200 900 bale,
$4,000. told that there be
Free Trade.
Let me moi be misunderstood, and lie, tia, /
may not be iuSrcpre>crcC. am advocating the revIy
a! OF high protective tariff abiding by the priH
ct> OF Ia. compromise act: Lam FOR dom. what South