The New York herald., 1845-09-03

course, caus cd by the falling of in the value of the inn
ports we annex statement, showing the value Of
merchandis imported into this district for the first eight
months oft he years Isl3, "a and rs
VALUE OF DEHrnAsDIzE InpoRTrD PoRr NEw
YoRK.
Aug .$asssss7 ssssss s $50 1857 si eo
August. 5s2osia io,s5s5oo s5oo'ooo.
Total for sht months sa7 09ool9 ss51soss saaalsoi
Estimate d.
appe ars by this table, that there has within the
ogh' m ntls OF this year, falling of Of s6ss6ls in the
value oil merchandise imported decrease in the re-
venue ss,5ss445, and falling off in the mportations
OF ohiy S6,99o,l92, shows that the importation Of
ehaha Sc paying the highest per cent duty, has been
mucn less this year than last The importation Of foreign
man afactures this has been smaller than last
IT cause this falling off has been the absence Of de-
snd and the absence of demand has been caused blythe
manufacture Of many articles heretofore imported, with
in own limits. The importation of the coarser
nactures Of cotton into the United States has ceased
and the manufacture of the articles in Great Britain has
been abandoned. Many finer descriptions of cotton
nufac tures heretofore imported very extensively,
manufactured in several sections of the country
quantities large enough to supply the demand for home
consumption. Our manufactures becoming so firmly
established and they prnging up rapidly in every
section of the country, that few years will suffice
to enable them to supply domestic markets with
every article manufactured Of cotton woollen, linen
II icy already Independent of the government far
the modification reduction of the tariff is concern
ID 1t matters little whether the average rate duty is
reduced TO standard remains highly protec.
tive far their actual existence is concerned Their
increase and prosperity depends immcusuraby up
the condition and value of the currency than upon
anything else The measure of value in the currency
regulates the value Of all productions and the grea
ter the value Of the circulating medium the less the cost
OF production and the less competition to contend with
rom foreign countries II could keep currency at
certain standard and that standard not above that of the
principal commercial nations OF the world should
experience very great change in foreign
trade, very great improvement and increase in
manufacturing interests and after time greater re-
guarity in the extent of the from customs The
agitation of the tariff question: and all other laws regula
ting commercial affairs produced by the fluctuations
IN our foreign trade and the various effects of the
act upon commerce, one ear with another The
average rate OF duty upon imports will give government
surplus year and leave deficiency the next
Any depreciation in the value of the circulating medium
increases the importation and reduces the expectation
The influence Of the currency upon foreign trade
beginning to be acknowledged and when generally ad
mitted, must bring about very great change in com
mercal matters Instead OF advocating highly protec
tive tariff, should endeavor to influence
legislatures to place the most rigid restrictions
upon the State banks, check the increase oi
these institutions, and check the operations as
much possible Of those in existence. So long
have thousands of banks spread the country
forcing into circulation their paper issues large
extent possible there be permanency in the
value of the currency and very little probability of its
being reduced to level with that of Great Britain,
any other nation with which we have any extensive
commercial intercourse.
With the falling off in the from customs this
year the official returns exhibits and the increased expen
dures of the government in consequence ohe antcipat
&C difficulties with Mexico the surplus is likely
to be used and demand for funds created which
must in way be satisfied This change in the
don Of the finances of the government, will without
doubt revolutonise the Secretary of the Treasurys op
erations in relation to reduction in the tariff mod6-
cation of the tariff will be necessary produce greater
revenue and many articles entered free, will have
TO be taxed. Il may become necessary to place duty
upon tea and coffee and other articles of general
use and extensive consumption, to provide revenue
With these alterations the tariff may not be anything
more than a revenue tariff, but the standard will be
reached by increase of duties many articles, in
stead of a reduction anticipated by the Secretary of
the Treasury.
arrangement OF commercial affairs generally is the
rcsul, of any alteration in the tariff but it usually is
oflong duration So long as the supply of merchandise
in the country previous the changes in the per
dUty, which advance reduction has been made
remains in first hands the profit or loss falls there but the
after receipts equaze the cost and bring il pretty
the market value As instance Of this, suppose
duty ofwo cents per pound should be placed upon cof
fee, the price Of the article in markets for a short
time would be about two cents per pound than pre-
vioust the enforcement OF the duty but change would
take place in the price in the countries where the article
grown. The reduced demand that invariably fol
lows amy increase in price to the consumer would com
pei the producer to reduce the first cost that it would
reach the consumer at the same rate before When
the supply of article exceeds the demand prices
in all cases must give way Any arrangement in
nercia matters produced by any alteration in the tariff
would be therefore only temporary, and affects only
those lavorsbly unftvoraby who may have on hand
the time large stock Of the article, upon which the
duty increased or decreased
Old stock Exchange.