New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-12-20

SELF other potca associacn ne shouid Vaca' m sea
~ SUCH 'e''''" DAVID GRAHAM JR. Chairman
CxAR5EsK TAYLOR Secretaries do
The Report OF tho Secretary OF the
Treasury.
INV son - said a venerable statesman, GO
and see with how little wisdom the world is gov
erned Unlikely as the circumstance would
seem. this remark was made before the IN, coming
OF the Tyler dynasty and without any reference
TO its achievements.
Mr.. Bibb's Report on the Finances completes
the regular inf ctions of T5lersm at this season
If we are no. among the earliest in discussing
II. it is because we chote to read 1t first and
speak of it afterwards. It's length is 50 unrea-
sonable and its style SO poneerous that We WI
spare our readers the trouble of yawning over its
unga;nly proportions. Its important statements
we have given already.
Mr. BIB is emnently man of wise saws =
the very Polon;us of financlers. The didac,ic
portion OF his Report would more properly be de-.
signated ga collection of easy lessons for young
beginners in finance, with exercises in false Po
litical Economy, designed to test the progress OF
the learner" Three.fourths of his dicta are so
trite that they need not be set forth; the other
quarter SO false that they should not be. What
can be the use, for example, of uttering such
primer lessons as this z
Another of increase of prices Of commodities to
be found the relative increase OF CIRCULATING medium CON-
with the mass OF offered o oI e o
the one IS he Quantity gold silver the
Other BY ns o a n"d silver s the M
ton, that nIe popeo of the mines of thoe metals
but a necoae The acrae sd and
We; sudden beesue . IeEasisd BY The labor Of
iiun and BY the general laws Of trade and commerce
Still more exceplionable is the roping out, in
public documents which should be of high cha
raoter, such axioms as these:
1.-The supply and demand for goods and merchandise being
and like ns nS e en PERIODS essenns ne
duties imports OF goods and merchandise would be at
chande other bsag he increase OF the
dsns I prices The lowering Of the rates OF duties
direct tendency TO lower prices
The tallacy here turks under the sentence
"other circumstances being equal" 'O!her cir
cumstanceS, in the case he is contemplating, ne.
yer are, never can continue TO be equal, Suppose,
for example, we are buying one fourth Of our Hats,
Boets and Shoes of other Nations, and making
the other three .fourths at home. Congress impo-
ses additional duties of Five Dollars piece on
Hats, Five Dollars pair on Boots, and Two
Dollars pair on Shoes. How much, think you,
would the price of those articles be raised, at the
end of year. Would Hat or pair of Boots
cost five dollars more? Secretary Bib says
Yes, other circumstances being equal" Mis-
cradle drivel. Who does not see that the Home
Production of Flats and Boots would instantly
take G start, and would speedily overtake, if it
did not 90 beyond, the increased demand, and
that the price of Hats and Boots among us
scould promptly adjust itself, not at all TO the
amount of duty, but entirely to the price Of La.
Dor and the cost Of producing these articles p
Time and again has this been demonstrated, in
every way possible, but those who will not con.
slider either facts or arguments persist in num-
bling over the same old, utterly exploded falla-
cies Time and again does MIR. Bib vary and
repeat the error which we have quoted above, in
the face of unanswerable demonstration. That
Glass and Glassware, Screws, Pins, De LANES,
and almost every other species of manufacture are
this day cheaper than they were under the twen-
ty per cent. Tariff in 1912, is so certain that
nobody attempts to deny it. They are SO, not
because our markets are depressed and the ma.
kers obliged to force sales, for the contrary is the
fact: they are SO because the American artisan
can improve faster and sell cheaper when he finds
ready demand for his products, and fully i'm
proves ali his power and room, than he could
when he kept his works half going 'hree months
in the wear, and spent the other nine in looking
after customers. Need say more on this head
MIR. B,bo's nightmare is Surplus Revenue
With the Government Twenty Millions in Debt,
prospective Revenue of but Twenty Eight and
Half Millions per ennum and estimated Elk.
pendi,ures (inclnding only Interest on the Out
standing DEBIT of Ouer Twenty Eight Millions
s,r the year commencing with July next, and a
Foreign War brewing, he is afraid the surplus in
the Treasury Will be large enough to corrupt the
Government or the People. This is the meress
moonsh.ne. A literally managed Sinking Fund
would speedily exhaust all The available surplus
in the purchase of the outstanding Public Debt.
Then there is most rig hteous debt OF Five Mil
hous of dollars, with long arrears of interest, due
IN MIR citizens who suffered from French Spoha.
t;ons prior to 1900, and whose just CLAIMS on
France were compromised by the Government IN
thu purchase of louisiana. Our Government
aid out and assumed the satisfaction OF those
claims, and ought now to pay them. Then there
is the Smithsonian Bequest, now near Million,
which has been mismanaged and in good part
lost. but which must be made up. The Secre-
.ar7,s estimates of future Revenue ande: tie cx-
is,inp Tariff are too high. We shall not realize
Thirty Millions year, for series of future years
The past wear has been one of signal activity and
prosperity the Country was bare of goods at the
outset, and is now wei supplied; and we are
every year increasing our Home Production Of
articles which we, until now, have imported.
Let the Tariff alone, barely correcting erroneous
decisions, and we shall not be troubled with sur.