The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-05
PORT. INTO THE UNITED STATES.

The imports in the Ih quarter of le42 scarcely
$4,000 Ooo showing decline of s3l ,0oOooo IN tho i'm
ports Of the six months of ls4a compared with the
same period of the previous year This at period OF
unusually large crops OF course filled the vaults OF the
banks with specie. The prices OF western produce
now rising under the abundance of money. This will
naturally induce funds find their way west in search
of the low produce In looking forward to the revived
demand of money growing out of improved mpor trade
in the fall find that the circumstance which
crushed thatrade last year, will agsn be in full opera
ton this Strong efforts will undoubtedly be made to
modify the tariff either by direct reduction OF duties
through the medium OF Commercial treaties. Whatever
may be doae however the experience Of the past
u.s. the uncertainty will prevent large orders from
going abroad least until twelve fifteen millions Of
the next crops realized Hence no demand can he
made upon the banks for coin from abroad that
count.
The abundance Of money in England, which IL at last
stimulating trade and improving the price Of American
produce operating very benefcislly for this country,
and will accelerate renewed export OF the precious
metals to this country when the new crops for
ward, more especially if, which however 10 not now
probable modification Of the laws place. That
some movement will be made towards the commercial
system sketched by Daniel Webster Esq., seems pretty
evident It is remarkable that in the debate ON the
Budget on the 9th May the Elk Chancellor F. Barring
Esq proposed reduction Of duty nearly the same
articles mentioned in the Baltimore speech of Mr.
Webster.
Mr.. Barring remarked follows -
There we're many other articles upsn which similar re-
duction most important There the articles of
butter and cheese with regard TO which the right honora
bic baronet had sad last year. that duties upon them
ought to be reduced az the first possible moment There
was cotton wool alsoa most important article, reduc
ton Of the duty upon which would do much give
life and vgor to Engands declining and dropping trade
Sir Robert Peel remarked, in answer:-
With respect to the coal duty, the sugar duty, and the
duty upon any other article there 10 De prospect
Of harng them srbmfed 10 the house - deaf upon
better to reserve their discussion. OF least shall for
ono abstain from discussing them al present. =
Mr. Gladstone remarked:- d
He was not satisfied that that motion could be adopted
without producing great in the shape Of
violent action upon the currency At the present time
there was . great drain Of gold from this country 6me
r;es and he believed that the quantity obtained by
nation from England since the commencement of the pre-
sent wear could not amount to less than
ling The state OF the circulation OF this country he'd
however enabled it to bear that drain without injury or
incon venence but he thought that that drain likely
continue The proposal OF the honorable gentleman
opposite would have tendency to bring importa
ton of q considerable quantity OF foreign corn and he
lon The Customs laws OF America and Of other coun-
tries and so hostile productions
he believed II any change tsok place with respect the
importation Of corn that that corn hour must be paid
for in bullion, and this might occasion great nconven-
fence in the country.
The rise in prices Of American produce in England
and the increased demand under revivng and
provisions, will undoubtedly, under disturbed Gus.
toms regulations drain upon the English
currency, in the event ofcsntnued political quiet More
especially as the extensive liquidation Of the Banks here