The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-15


this country very large ofgreat value and at improv-
ing prices
Pousps OF MANur.cruRED TonAcco EXPORTED:
SSa aas pounds s sisssS ssss .ss IS
The manufacturing is carried on in this country to
great extent and the additional value created by giving
employment to hundreds soil. The western
part Of this State immense quantities There
several large establishments in that section, whose
manufacture principally consumed in the western
try The wholesale prices of both leaf and manufactured
tobacco in this market have varied but very little during
the past fall The western States will not produce their
usual quantity this year, and the crop generally must
fall below the yield of previous years The effect Of such
result prices has not yet exhibited ITSELF but before
movements to any extent made in the article, it will
create material change in the market
The great deficiency in the Of the general 60
venmen and the mpossbiIty ofthe receipts under the
present policy ofthe government approaching very
the expenditures under the most economical adminstra
ton of the affairs of the government calls for the adop
ton OF system that will increase the revenue with
the least burden to the people and draw it from
that not subject to great sudden fluctuations The
from the public lands WILL for the future be very
trfng, butthe amount will be more uniform than hereto
FORE Speculation in previous years caused
flow into the United sates Treasury by the sales
tracts OF land The supply from that has nearly
ceased and the expenses of the must be paid
from another fountain head. The emigration for MANY
years to will be moderate and the States able
supply the demand for land those who wish to 10.
cate themselves as agriculturists consequently the
main source of revenue is from duties imports.
The ultras of both parties 60 the two ex-
tremes-one for protection, and the other for free
trade-both of which equally wide from
the true policy A tariff for revenue neither means
protection free trade. In adjusting a scale of duties
imports with exclusive reference to revenue stand
ard every OF the various interests Of the country
should receive that attention that government recev
ing its power directly from the people, is hound to give,
without any regard to local sectional feelings pro-
lection in any instance resorted should be extend.
ed to the infant manufactures that pnging into
istence in every part of the country At the passing
the compromise there the United States Trca-
sury large surplus Before that expired by
limitation the government was forced to make heavy
loans and create funds to carry the administration by
issuing treasury notes In June s42 the highest duty
imports per cent and the receipts into the treasury
for that year. fell short of the expenditures about 81
ooo In September lsio the present tariff ofduties
aging IS per cent came into operation and the receipts
into the government treasury from imports for the fiscal
year commencing the July preceding fell short of the
pendures about millions Of dollars The tariff of duties
should be placed so fall with equal weight on all
tices of Importation Foreign merchandise used food
in this country that cannot be produced here should
admitted the lowest point, and the difference
caused by the small per cent those ems should be
made up by settling higher rate those manufactures
other countries that citizens have embarked large
capitals in producing. All this could be accomplished
without particular protection any interest the
injury or prejudice Of another.