Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-09-25
TIFF. TARIFF:
rs influence upon The Cur,enry

It's influence upon The Currency.
We fear that sonn, al least, Of oar readers ~ i'll think
that we devote ip much Of orr space the consiJera
ion oil this qneslion-bui in truth, considering in
fInsc as well as It's relative importance. and the fact
That, of all the great public guesIionsb by which the
Try has been as'iaied ir snne years past, The tc Of his
alone remains IN Doubt II cannot be often thur
onghly discussed. As is well remarked by John p Ken
nedy, ESD. OF Baltimore. ia lae address 10 The voiprs
Of that city the majority IN the Congress. in favor
o' The views Of The rosen, administration. upon the Sab
Treasury, the Public Lands and all ulher questions Of
moment. Is already ascerlained 10 be overwheuinu-
he tarf alone occupies different p,siJn There
are (he says some men ngst those already elect
ed loo honest To agree with. and lou much n.
'rald pi lhrf constituents 10 dare follow the a minis
'a'i1h IN lis rash purpose of overwhelming the existing
iahh' Upon this question: consequently the great bat
tie is 10 be fought; and is for that reason as well AS be
cause of lis vital importance which all conccde ba, We
have devoted much space heretofore 10 its consdea
ton, and propose hereafter from time 10 time to keep
up the fire.
We think we have shown, in gu, last paper tia, the
effect OF tariff, the duties imposed by which although
not high enough to be prohbitury are sufficiently so 10
give efficient protection To home industry To pre-
course 10 regulate our purchases by means Of pay
'heh-'hese means consisting chiefly. if not altogether
"i our exports. II follows we think clearly that If
THIS result be produced foreign Indebtedness must Of
cessliy be prevented, shd that exemption from G,ec,
Indebtedness VIII by consequence render UNI
Po'o o' Specie to pay It. These seem to Us To BIZ moi
'". etae bn, necessary Consequences in The absence
o all disturbing causes We do not mean however Ia say
'ha The entire balance against nalion at the end of
each year. must necessarily be paid always in specie
Tor mat were the case. should have had gold
or silver coin left in the United States at the close of
Jacksons term Of service. during hich period tie bal
ance OF trade against he L. States was lG5, millions of
dolars-a state OF thugs that could mol have existed
nut ior The fact that during thai PERIOD the States and
chartered companies borrowed many millions Of dollars
from European capitalists, very lilc of whch has We,
been repaid, and which, although il added To our prrma
nent debt abroad, enabled us, at the moment with the
ionds which placed IN hands to pay for this enor
nous excess OF mporatlons beyond The real ability of the
country as tested by lis exports, 10 purchase
For the purpose Of coniu,ing our position that the ef
feet OF protective tariff is prevent an exorbitan, drain
upon the precious metals the correspondent Of the Re
publican selects two periods Of nine years EACH ~ way
OF contrast. And intend 10 rely upon his figures
we copy them
The first is from 1924 tc s32 period ofhi,h duties.
during which lime the imports ana exports of specie
were as follows: