Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1846-12-29


When foreign as well as home mar.
ket is opened tothem, they must receive.
as they are now receiving, increased pri.
res for their products. They will find :
reader sale, and at better prices for their
wheat. flour, rice, Indian corn, beef pork,
lard, butter, cheese. and ether articles
which they produce. The home market
alone IS inadequate 10 enable them 10 dis.
pose OF the immense surplus of food and
other articles which they are capable OF
producing. even at the most reduced pri
ees. for the manifest reason that they can.
not he consumed in the country. The u.
States can, from their immense surplus.
supply not only the home demand, hut the
deficiencies offood required by the whole
world.
That the reduced production of some of
the chief articles Of food i'm Great Britain.
and other parts of Europe, may have con.
tributed to increase the demand for our
hreadstufs and provisions. is not doubted;
but that the great & efficient cause Of this
great demand, Of increased prices, con-
sists in the removal of artifcial restrictions
heretofore imposed, is deemed to he equal.
y certain. That our exports of food, al
ready increased and increasing beyond
former example, under the more liberal
policy which has been adopted, will be still
vastly enlarged, unless they be checked ar
prevented by a restoration nftLe protective
policy, cannot he doubted. That our
commercial and navigating interests will
he enlarged in a CORES ponding ratio with
the increase of trade, is equally certain:
while our manufacturing interests will still
be the favored interests ofihe country. and
receive the incidental protection afforded
them by revenue duties; and more than
this they cannot Justly demand.
In my annual message Of December
last, tariff Of revenue duties, based upon
the principles Of the existing law, was
and have seen no rea
son to change the opinions then express
ed. In view of the probable beneficial
results of that law. | recommend that the
policy established ny it he maintained. 1t
has but just commenced to operate and
10 abandon or modify ii without giving it a
fair trial. would he inexpedient 81 unwise.
Should defects in any Of its details be as.
certained by actual experience TO exist.
these may he hereafter corrected; hut
until such defects shall become manifest,
the act should he fairly tested.
II is submitted for your consideration
whether il may not he proper, as a war
measure, to impose revenue duties nn some
of the articles now embraced in the free
list. Should it he deemed proper TO i'm.
nose such duties with view 10 raise rev.
enuc To meet the expenses of the war with
Mexico, or to avoid TO that extent the Gre
alton of public debt. they may he re-
pealed when the emergency which gave
rise TO them shall cease to exist, and con.
Stitute no part of the permanent policy of
the country.
The act Of the 9th of August last. ''to
provide for the better organization of the
treasury. and for the collection, safe keep.
ing, transfer and disbursement of the pub.
lie revenue." has been carried into exc.
cution as rapidly as the delay necessarily
arising out of the appointment of new off
GERS, taking and approving theil bon1s, &
preparing and securing places forth safe.
keeping of the public mopey. would per.
NIT. 1t is no. proposed to depart in any
respect from the principles or policy on
which this great measure is Funded
There are, however. defects iuthe details
of'the measure, developed by its practical
operation, which are fully set forth in the
Report of the Secretary Of the Treasury,
10 which the attention of Congress is in.
vited. These defects would impair to
some extent the successful operation of the
law at all times, hut are especially EN-.
when the country is engaged
in war, when the expenditures are
greatly increased, when loans are to be
effected, and the disbursements are to be
made at points many hundred miles dis
tanf, in some cases, from any depository.
and large portion of ;hem ina foreign
country. The notifications suggested in
the Report ofihe Secretary oftheTreasury
are recommended to your favorable con
sideraiion.
In connection with this subject invite
your attention to the importance of estab.
fishing branch mint of The u. s. at New
York. Two-thirds ofthe revenue derived
from customs being collected at that point.
the demand for specie to pay the duties
viii he large and a branch mint, where
foreign coin and bullion could be immedi
aieiy converted into American coin. would
greatly facilitate the transaction of the
public business, enlarge the circulation Of
gold and silver, and be, at the same time,
safe depository of the public money.
The Importance of gradueting and re.
dncing the price Of such Of the pnbIie
lands as have been long offered in the
market. atsEhc minimum rate authorized
by existing laws, and remain unsoid, in.
d ices me againto recommend he subiec,
to Jour favorable consideration. MANY
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