The New York herald., 1845-08-07

and depends in great measure upon the state OF the
houe markets
Flour. ,,s,s !s. lSsss s;s; ,sa' ssg s. sni ass asS
fsis ,ss sss sss Sss | nSss ;sss ass noSs sss
II The new crop is rapidly coming into the different
Lake ports and the wheat is stated to be of supe
ror quality The markets in that section have however,
opened at very reduced prices and the probability is
that the producers will not submit to present prices to
greater extent than they actually compelled to-
The effect of the complexion of foreign relations
upon commercial affairs has within the past three four
weeks, been in great measure experienced, and far
ther agitation of the questions at ISSUE would keep
things in unsettled sate without producing any real
difficulty Ixt is revulsion in internal affairs that
have most to fear. arrangement of the existing
laws regulating trade and commerce, is likely to pro-
du'e more real embarrassment than any external
II ment affecting relations with other countries The
II organs of both political parties have already COM
menced the cry, and let loose their crude ideas pom
the existing tariff The object of the organs of par
ty to prove possible how injurious the present tariff
is to the general interest oftbe countryhow unequay
its burdens distributed and to what extent the poor
classes robbed uphold and establish the rich and
arisocrac manufacturers-wh the other hand the
organs of the opposite party aborng diligently to
that the present tariff act has been the salvation Of
duced principally by the operation OF the protective
features Of the and that repeal reduction would
punge the country again into the depths Of bankruptcy
ruin The doctrine of the uas both parties pro-
mugated by their of the most radical order
and are equally wide romthe truth Long tables of prices
before and since the passage Of the present
paraded from which deductions drawn favor of
or against the tariff best suits the views objects
Of the party represented. This question has been SO
fra, ,aotI,, r.t.t~l
papers, that it is mpossib for them to place it in any
position before the public and is only from an in.
dependent source that correct view Of the subject can
II be obtained.
There are so many things that affect prices from one
gear to another that it is of the foolish things
Etmagnable to attribute every change the operations
IIP the tariff. The tariff, undoubtedly has certain
mount OF influence upon prices Of certain articles but
are SO many causes for any rise fall in prices
Plat the most important cannot always be pointed out
fuppy demand, speculation, currency and articles
HIP foreign manufacture, the per cent duty have in.
lIuence, but the most powerful influence Of all these is
fhe value and condition of the currency We therefore
look upon the disposal of the government moneys
Upon any change made in the policy Of the government
II n relation to the surplus revenue, being Of the
host vital Importance upon which depends, in great
egree the prosperity Of commercial affairs the extent
value OF our currency the operations of the tariff
Jaws in force or in contemplation. The passage and en-.
Iorcement of the SubTreasury, in its original shape
oud have very great effect upon the currency Of the
lIvhole country it would by the introduction of spe
IIfe system in the finances of the general government
tompe many OF the State Banks keep their
medium down to specie standard and produce great
Pr uniformity in the value of bank in all sections
the country and greater regularity in prices for
IEtaplc productions than would otherwise be the
III ht would have direct and material influence upon the
lrarf upon our importations, and consequently upon
ehe The restrictive the currency Of this
kounry the it comes to specie standard; the
heacr approaches the value of the currency Of the
countres of Europe with which carry commerce;
he greater the reduction in mportatons, and the
grca,er the increase in the extent of exports The
tent of imports depends almost entirely upon the
ktndard Of currency This being the case, what would
by the result Of tile establishment of the
IN its original state and reduction Of the Tariff to
revenue point which nothing more or less than
hn average Of twenty per cent II is OF generally
Understood what is meant by standard of the
ariif revenue standard is, of course average
per cent sufficient to nett an amount necessary to
h the expenditures Of the government, and nothing
more II is pretty well known that our importatons
huctuate from year year. millions of dollars and have
varied in one year forty millions Of dollars Amidst
fluctuations with any established rule of duty the
fluctuations, and
bur Treasury would be at times ovsrfowing and at
Hines empty An average of twenty per cent on eighty
Emlions Of dutabe imports this year would produce
gross of sixteen millions of dollars whereas
he average sixty millions Of dutabe imports
ned would produce gross of only twelve
millions of dollars. Without sliding scale, it will be
found impossible to establish revenue standard of
IEuies.
Every must admit that the existing Tariff act is
livery DETECTIVES many of its provisions burdensome
ppon the poorer classes and many necessary articles
consumed almost exclusively by the lower classes
faxed with very high duty, while many luxurics con
kumcd exclusively by the rich are entered at compar.
Iktvoly low rate. Many of these hngs,should and un.
Eoobedy WILL be rcmedied and it is these defects that
h present Secretary Of the Treasury is aiming to abo
lyson OF the Tariff and whenever il is necessary and
Ian be done without sacrificing revenue remove the
Ihigh duty from many articles, and place upon others
lhat will produce about corresponding amous of rev.
teae There is plenty of for the exercise of the
Iprunng knife and it is in iudcous hands The organs
Hattie great political parties will nd soon after the
conyotion OF Congress that they have been more fright
Iennd than hnrt The Tariff WILL without loubt dnfing
Ie approaching session of Congress- be perfected the
IIae and abuses OF the present reinov but tho
Eyerngc rate OF duty upon dutable importaons cannot
Ifbe reduced without bringing the revenue down To-
lknoint below the current expenditures.
III Old Stock Exchange.
(saO NY State s1s 1861 osls 5oshs Farm Trust bio s,s
Hi 5000 Oh,o7s l0s 100 do do a5,s
III mn Ohio Ga 1860 Oh 80 faptou To