New-York daily tribune., 1843-11-24

Il s7portation Of manufacturers both Of which alter
aa,es highly prejudical the grear nterssts OF the
respective but particularly those OF ou maui"
factures"
has escaped the justice Of public writers 10 no
that our losses with America BY bad debts and oths
during the last five and years have ofsiAeH
mainly IN money idDs which nearly as dlIc
y npon America as upon any integral portion OF the Oh''r'
Kingdom
Ofthe probability that the British Government
will adopt any such measures as here recon-
mended, We cannot Judge. Al a!l events IL l. :,
not strong enough 20 warrant US IN throwing Oh
our protective duties and placing all our interests
at their absolute disposal. Moreover, under the
operation of our Tariff, their action is daily be-
coming matter Of less and less Importance 10
us. In the language OF this Report we are
"rF,pSrSG TO DO moRE AND MORE WITHOUT
THEM, - manufacturing in our country will me
yitably, under the operation OF our existing d
riff. build itself up intoa system which VIII deiy
British hostility; for even now the Committee
grant that they 90 cannot expect TO put stop 10
manufacturing in America" though they express
the hope that 'by wise and judlclous policy
they NAV retard ITS incredSe;" and before the
lapse of many years we shall stand upon our own
resources Independent of them for all necessary
articles of consumption, and having ut home a
market for manufactured goods and the pro-
ductions Of the soil will gladly be received IN
/ exchange.
! he concluding paragraphs of the Report show
the views of intelligent speculative men upon
the causes of existing embarrassments and the
means of their removal:
The American Government Will hud the restoration OF
credit and confidence be much conducive TO an eth
cient revenue than enhanced Tariff and the first step to
It's accomplishment under any circumstances TO be sound
aud adequate currency AT the present time the people look
for of prosperity, matter OF course, without
the adoption of any decisive steps TO procure H. But IN The
opinion this Committee experience furnishes parallel
the present time and this expectation not justified
The rmbarrassments Of the of the revolution were
not removed until the establishment Of the first T. S Bank
under Gen. Washngtsn5 Administration
The embarassmen:s Of the second war not III Z
train of removal the internal prosperity OF the coun
try restored until the second T. s. Bank which moor
pofaed in the 1916 under Mr. Monroe's Admnistra
ton, into full action.
In fact the periods Of great prosperity the American
States within the last half century date from the establish
wear IS and from the establishment OF second Eank
in the year 1916 the expiration OF us charter IN the year
1896.
During both these periods the States highly pros
porous. The National Debt incurred during the war
was paid that also OF TIE second within each OF the
country would have remained comparatively prosperous
up the present time had the L. States Bank charter been
granted originally for thirty years instead OF twenty years
The Committee must however, remark, that they do
how bank circulation expansive in It's enden
cs and payable specie Thereby tending the introduction
Of large quantities OF foreign manufactures be
tanned America while laws and money laws
there, sufficiently high to materially limit the importation
Of such manu- (acu.es