Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-09-09
RICHMOND WING.
FRIDAY MOURNING. sEpT "a

bell, and others In th,t region country. Our friends
will greatly oblso by the payment TO him OF IN la
| lanees respectively due.
no We have enclosed accounts to many OF our sub
serbers In North Carolina, where have no travelling
AGENT at present. and hope they will aid us as to
enclose arearsgss by mall at risk Post Masters are
authorized to transmit for them.
1"The enthusiastic reception with which the
wing members were greeted by the people Of Phi
ladelphia and New York, is gall and wormwood to
the Loeos. These WORTHLESS have been lsvshng
abuse upon Congress for months, without rhyme Or
reason-They hoped to prejudice the public mind
against a Congress, which has done more,-and, by
Its resistance 10 Executive dctation deserved better
Of the friends ofRepublican liberty, than any which
has assembled for many years;-it is Notifying to
them now TO find, by the greeting of the people,
that all their abuse has been spent in vain. The
people know that those Representatives who spun.
ed the allurcments OF ofics, and braved power TO
promote their welfare, are more reliable and better
friends TO them, than the mercenary parasites, who
praise them merely to betray them. IL does not Of
ten happen that Congress is violent in its op-
position to the Executive Indeed il is rare to find
one, which is no, too much disposed to yield 10 the
dispenser of patronage, at the expense OF their con-
stituoats, and to the benefit Of themselves and their
kindred and friends. IL is much more easy for men,
oers to glide along with the Executive current and
to be pampered for their acquiescence. than to re
sat- and by so doing, subject themselves to the de-
famation of hireling presses, and close the door to
all Executive favors to themselves or friends. This
Congress has set at naught oil personal consdera-
tons, and achieved high renown by its independ-
en;e and patriotism. or this glory, Locofocoism
cannot rob it-wha;ever lies may be told.
PRoHIDIrIos.-The Enquirer aud other "25 per
cent. or higher" prints are propheeying tina, the
rates OF duty imposed by the new Tariff Law, will
preclude the importation OF many leading articles,
and prevent sufficency OF revenue for the purpo-
ses OF Government. But this is the mere expedient
thrown out tub TO the whale, to subserve party
purposes, and furnish stump demagogues and seven
by nine Editors, with the proper stock Of cant and
humbug, till the next change of the moon. The
same cuckoo note was sounded by them in 1928.
We were then told by them that the duties in the
BILL OF denominations" were SO enormously high,
that impOrtatons would fall Off nearly cease, and
the accrung revenue would be scarcely enough 10
defray the ordinary expenses of the Custom houses.
But what was the fac,1 In three or four years the
influx Of foreign goods was great and the accu
mutations in the Treasury appalling, that these
patriotic guardians of the public veal wheeled 10
$50 ''s"' S0Ous HlctaiiJ JuHlpu Jun CroW'-and
sounded the alarm through the land, that such
irishuul overtradng would not only exhaust the
country of its precious metals and valua BILE staples
but bring into the Treasury such of revenue,
as would leave alArge surplus after discharsirg the
remaining debt Of the late war. They were anxi.
Gus In 1884 to break up "the sacred treaty OF
amI'y," by pairing down the Tariff to such low
points as would prevent the anticipated surplus.
fi1Ii Luz fad 81. ~.
very far from being prohibitory.
At this time, il is than probable that causes
exist, other than the alleged high rate of duties in
the recent act oil Congress, which will prevent for
some time, but cautious and snted operations of the
importer. In the first place, from the general dis.
rupuon and destruction OF the leading departments
OF business by the experiments, Sub treasures and
quackeres of Loco FOcoism, the country has been
forced upon half allowance for three or four wears
and The people generally have adopted the rule OF
| buying nothing save indispensable necessaries In
the mean time, the old debt OF 1897, which sprung
from the countless broods of baselsss State Banks
incubated and brought into existence by General
Jackson's first Veto, has been undergoing reduc
ton; and the process Of payment has bean attended
with such terrible sacrifices, from falling prices and
cutthroat exchanges, that all who have lived thro'
the struggle, and got their heads once more aboys
| water, will be moro careful hereafter TO live within
their means. Country merchants will lean 10 small
stocks Of goods-and for time, buy sparinely.
he stock the hands of the importer is now quite
ample for the constrained demand from the starved
INTERIOR and he will replensh but slightly, till the
energies OF PROSTATE country have time to reyiye
and that demand increases.
But the operation Of the new Tariff will soon
muse ne" life into every branch Of business in tho
couniryi and were its influences and effects nided
by the existence of sound currency, equally good
at all points, whether state or national, we shall
confidently expect to see our palsed country once
more and speedily in its old fashioned, and whole.
some career Of prosperity.
! But should our imporia,ions be light the mex
year. and the revenue insufficient, goods will aeeu.
mulaIe upon the hands of the foreign manufacturer
which he must sell; and in order to make market
he will reduce his price the amour, Of the excluding
, duty, OF permit them to perish on his hands yber
J the Tariff Of 1924 was adopted, iron was worth
5000 per ton, at Phsburg, bu, under the duty ,ber
charged, which il is believed was about s37 per ton
G it soon went down to 800. The protective duty
quadrup!et the domestic supply, at the same tim,
that 1t checked that from abroad and competition
speedily brought down the price. And such hav,
been the Improvements in machinery, and so mucl
, has been gained by the skill evolved from pro,sc
ton, that the iron manufacturer here and in Penn
sylynnia can now furnish an article, far above IN,
quality Of the English, II less than half the pdc
+ which was paid for the latter, twenty years ago
The duty, now existing, will probably open III,
door Of the domestic mirket-the best, ia oil cases
TO the home produce; and as competition is the para
( mount master and regulator Of prices, the highs
degree to which il must now rise from tho increase,
domestic supply which will onsue, will be certain {,
keep the price at a moderate point. In fine, .hr
operations Of the law will be such-lhe fresh elias
tcity which il will inluse into all kinds Of business
; will be so palpabe, and the supplies which il vii
pour into tho Treasury so ample, tina, the pr,ssn
! hlarmists upon prohibition, will be driven into sno
ther somerset, in less than two years, and the de
, magogue cause Of "Repeal" explode with Mesmer
ism
Az any rate, these anlicipalions are those which
i seem best warranted by pas, experience. That expt
renee, however il mus. be conceded has been very
contradictory like causes often producing totally dif
fereni resullS-baing the calculations Of the wises
|, s.stesmen-and proving that Political Economy, o
. teents, has made no farther advances, and rest
on no more stable basis than aoimal magnetism
y Indeed, it has of,ened happened, that duties Of