Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-08-12
Correspondence OF the nisnmona wh,s.
Pnlr.AprI.rnlA. July Io,h. Isig

| To he Editor Of the Charleston Mercury.
My late communication to you brie. yet
sufficiently explicit in regard the operation OF Protective
Tariff the currency said, tendency is to retain the
precious metals in the country and gradually duso them
throughout the land: That Protective Tariff has this e.
feet, there be the slightest shadow Of doubt
The crisis OF 1887 must be ndeliby cngravcn on your
memory. What brought about The causes were nu.
mcroushc savage and relentless crusade of the Govern
III will be credited fifty years hence that our ma.
tiona government owning millions OF the stock made
upon national bank) upon the currency of the
country; the consequence of which the prosaton of
the United States Bank which operated check
the State Banks, and the substitution OF four five
hundred State institutions brought into being regulate
the exchanges and facilities carry the business of
the country, but afford field for speculation and gam.
bling Next in order the inordnae desire TO grow
rich by bank stock spcruatons which the banks them
selves encouraged by flooding the country with paper
trash, which many OF them intended redeem
Following close upon the heels of bank imprudencc and
folly the ambition grow suddenly rich by specua.
ting in lands houses aud lots which wound up by
OF hundreds of thousands. But last though least
by Of Gaping the climax, excessive imports, which
only brought heavily in debt foreigners but
prime Of the awful commercial Revision of 1897 and
the suspension OF specie payments throughout the
Had the Tariff been protective then now there
would have been such immense imports, and
quently exchange England would not have advanced
above par value. The balance OF trade 1897 against
and hence the stoppagc OF all the banks from N York
N Orleans they had stopped paying specie foreign
number of whom have their branches and agents
here-would have swept o almost every piece of in
the land In consequence of the suspension the banks
and the failure of thousands upon thousands of merchants
who imported more goods than they could either or pay
for lost credit IN Europe; and what the result Why,
instead Of enhancing the OF foreign exchange which,
when goes above per premium, invariably
r,iuX of specie Europe, have, within the last six
Q -.
OF that desirable article. Establish free trade howev.
make a material reduction Of duties foreign
fabrics and you will rise of foreign exchanges,
and then inevitably follow another drain of specie TO
Europe, another suspension OF banks BY conse
quence, another commercial rcvu1n terrific probably
than that Of 1887
1t requires Cassandra warn us Of the rocks
which we have frequently stranded Whilst we are
protecting domestic industry and the millions
mechanics abuuers, &c, TO say nothing of the Factory
grs of Lowe-nany OF whom the support of super
anuated mothers aud fathers protect by moderate
Tariff the whole country from poverty and desoaton-
This country-whchis :ic in the elements wealth and
prospenty-should manufacture and import less
Foreign nations will do any thing for Mr.. Web.
ser ut Baltimore made speech about Commercial
", but Mr.. Webster knew, while the words were rolling
from his lips, that England will sanction any treaty
with this Country, unless be her England knows
full WELL that her internal regulations have contributed
much to her present greatness and she will be wary in
making changes all calculated rctard her
The acting President may often he pIeases
request our Minister at ST. James To introduce Cen Duff
Green any other bearer of dispatches to Sir Robert
Peel for the purpose of discussing subject but rely upon
it, Sir Robert will give any from this Country the
slightest attention, unless there be bright prospect En-
gland becoming the gamer by treaty She will ad
init Flour n low fixed duty and why should
Mr. Webster talk OF the probability Of low duty maize
Wheat IS the great grain article for sae) of the L. States
and Is the only grain desire England admit n low
fixed rate Muize-or rather Corn in the South call
its used in immense quantities by whites well as
the bIacks Mr.. Webster knows very well, that the Eng.
sh people would not Corn.
But the Tariff once and the last tiino) ugain:-
Why not allow your cotton be manufactured at your
doorsl Why yourselves with expenses ON IT from
Charleston To Liverpool aud from thence Manchester
then contribute foreign nbour when the articles you
need are manufactured add further 10y charges from
Manchester Liverpool and from Liverpool 10 Charleston
Why yourselves this way obge foreigners and TO-
reign capiiaisl Is there any it, In South Ca
rona happen know there several factories; In ~
Carolnn there 30 odd; in Virginia some or TO- and
perhaps Why allow your people-wlo have
invested their capital in these cstabhmento manufac
urc your short sape-by and bye, when England may
not want long staple, manufacturers may be skill.
ul enough TO consume that alss)-nnd supply you with
sheeungs and shTngs less price than foreigners cam
When last addressed you predicted that England
anxious Tor the control OF country adapted the cuva-
ton OF cotton would long make advances to orr
noghborng Republic-TeNns. When penned that pro-
phecy, little thought she had already begun the work. but
yesterday read IN newspaper that she already of
mediator between that Republic aud Mexico. This move
meni ON the part Of John Bull casual observer looks
kind and generous, very but Mr.. Bull has his cacu
auons, and peace Is made between Texas and
Mexico, he will propose relieve all her financial
and we oil know they many and prcssng-p Tex
England a "cOttbn OperntiOn," md nj the
same time abolish slavery that England anything
about the hradom Of thu comparatively few slaves Tex
asOn no. not that-but because she would be getting
hold agood cotton county, and the very moment Of
doing that, strike JioD sarery o1n Jorders-
But must stop: sat down tonight to write only what
omitted IN my las, letter o.. q.
p. S.-As have said good deal the Tarn-pcr.
hap to purpose-it may be proper remark have
dollars interest in manufactures My business is
Commerce.