The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-03

The paper money be Of two kinds certificates OF de-
poss AMI Treasury notes. The first be issued dollar
dollar deposited at charge Of; per The second
TO be issued government creditors and the amount
10 be limited TO three times the OF specie hand
These provisions would enabled the government issue
from s75oOoooo to 500 100000 Of paper money There
yet government paper money issued, but that
1t resulted in utter ruin In relation to the dePosies
who viii pay premium for certificate when the notes
may be had par The feature of the bill Is that
in which according Mr. Webster its whole goodness
consists, viz. exchanges. Tie board were to draw" nc
cept and purchase unlimited extent, at premium
of two per cent specie government paper and the onis
of the specie paying banks to be taken for all govern
dues. This is the plan, which Is to be pusheda
the coming session. The only part OF It, whieh |" ~ All
practicable is paper money in payment to govern
creditors all those provisions which relate TO vo-
lunary transactions with individuals, imprscucable
because they are against the interests OF individuals
we will at leisure discuss the several points oil the b
Itseems to be fatality attending all great men, that
they should take pride TO themselves for those
matters in which they are utterly deficient than for
hose brilliant qualities which astonish the world and fix
the admiration Of mankind
THE following from Mr. Webster, will illustrate what
we mean In abiding to this Treasury scheme, he
states =
It met my hearty, sincere, and entire appreciation
Gentlemen hope that have throughout my public life
manifested not very overweening confidence in my
opinions there subjects in which have
fdence in my own judgment, and this isone.
All great have shown similar instances oiweaknes
Cardinal Richelieu, it is well known, proud OF
the miserable trash which he called poetry
than ofthoso vast abileswhich consolidated and eminent
" advanced the power of France SO Mr. Webster
ing those talents for which he is truly great, is
proud of his skill in finance, the existence of which no
suspected In fact lamentable discrepancy
teal details follows abiding the commercial policy
of the United States
Do You know (turnin g round to Captain Rich, rich
merchant) here gentlemen who do know-that more
than half of the carrying trade,he transportation
of Commodities between the empire OF Brazil and the
United States is carried by tonnage from the north oil
Europe IN Consequence OF the nconsderate principles
which have entered into these reciprocity treaties
If NOW turn the returns of the Treasury depart
ment we nave the following figures in relation to the
Brazil trade =
TT ABE BETWEEN THE u. STATES AND THE BRAziLs FOR
A SERIES OF YEARS
Imports from
Brd-is.
1884, 1885, lS3s 1881 isio
A xss a iS SO ' ssSs. 'sa
Am. tonnsge siso1 Ss,25s &,O37 3il57 s25s8
Foreign do 3os9 4,3n 276 1857 5,57s
Erp's foreign
goods.
A. k. vessels yssl s7s1 s5 ss5 as7 's s4s %
Dom's goods,
Am. vessels l,5259G5 6j5509 20172a8 $3.50 2ll520
Fo'n. vessels, t0l3l 7S,232 H,7os 8,l7 1888
Total exports 1851 3Oss37 2657si 2ssas5 25Oeo7i
Am. tonnage 1892 1883 306?3 39,t3l 1878
Fon. do 1877 3O62 Ho 3,l83 l,'H
N..,s.... L....o,-. ~ r,,. T,.nr p.r,rrvS rur 7