The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-07-09


nation from the moment of It's passage, and which
his political friends pledged to expunge from the
list OF statutes in force.
The very extravaganee Of this supposon--the
offence II implies to the good sense as well TO the
good faith Of Mr., Dalas-is so gross, that on re-
viewing what we have written, we almost wonder
al ourselves for thinking il worthy OF the notice we
have taken Off We have heard Mr. Dallas spo.
ken OF as man Of liberal views the question OF
trade, and we have reason 10 suspect that there
is any discord in regard to this point between him
and the administration.
From the Albany Atlas.
PROGRESS OF FREE TRADE
The cause OF the emancipation of trade from the
injurious trammels of legislation, marches with
equal pace in the Old World and in the New. In
spite Of the exutaon with which the liberal classes
of Great Britain point to the approaching realization
of the triumph on their part and 10 their advance
before u.s. II is doubtful whether the American Con-
gress will not have eonsummated their share IN this
emancipation before the Parliament of England, II
is an emulation In the cause Of freedom worthy OF
two nations, leaders in the of industry and Of
commerce, and conscious, by experience, Of the
value Of liberty Ii will leave the cause OF proec-
ton and restraint 10 the nations of continental Eu
rope and TO the people Of southern America, where
individual liberty is of little value and where
merce and the pursuits ofndustry considered a.
subordinate interests Of society.
The cry Of alarm is already started by the press
in the interests of the protected classes and II the
manufacturers do not realize, in advance, some OF
the injurious effects ascrbed the practical work.
ngs of the new law, il will not be the fault of their
clamorous partisans, who, indeed, bent apparently
on exhibiting the weakness Of the prosperity which
rests on artificial basis for support, set up i'm
mediately after the election, this cry Of panic and
more than two years In advance Of the contemplated
change! The cry now is as exaggerated as 1t then
was evidently factious, absurd, and suicidal.
mill. H.. H.. &C. al.
ufacturers, but il will only perform function which
domestic competition, under protective system,
would have more nuriously fulfilled instead. But
if in this the protected interests find cause Of dscon-
tent they need but regard for instant the prosta-
ton which has everywhere overtaken agricultural
prices during the period of this jubilee Of protection
They will find in il the OF this overwhelming
demand for a change, and we are sure that they viii
also Ind IN that teeming agricultural wealth with
which the land overfows-an abundance that en-.
riches ala new source Of protection.
TIE TARIFF vorE.-We give an analysis of tn,
vote the tariff, the most important that has beer
rendered on any question Of national policy in many
years. Il will be how unsectional, in It's char
acter, was the vote by which this strong and efec
tive blow in the of the freedom of trade wal
given. Beyond the immediate region where pro.
tected interests govern, Il was wholly unsectonal
embracing the representatives of the great class Of
agricultural producers the consumers of protected
articles, for whose interests it secured double tn
| umph. The vote of New York. il will be seen, il
alone more than the majority for the bill.
From the Troy Budget.
THE NEW TARIFF BILL.
Although the bill which has recently passed the
House Of Representatives materially reduces the
duty imposed by the present tariff on many articles
still il is believed that the range of duties is suff.
GENTLY high to subserve directly the purpose of rev.
enue, and to afford incidentally sufficient protection
TO American industry. There ia an imperious ne
cessty for the reduction and modification Of the pres
ent tariff if for other object than to obtain means
to pay the expenses of government. The existing
national debt and the Mexican war have augmented
those expenses TO such an extent that the present
tariff will not afford sufficient revenue to pay them
In this state of the case, what to doi We
must either modify and reduce the tariff so as to
recognise the principle laid down by the Secretary
Of the Treasury, having IN view revenue as its lead
ing object, resort to direct taxation. The latter
the American people are strongly averse to, and its
introduction would not be tolerated now. The only
alternative left then, is to modify the tariff in order
to obtain the means to supply the increased demands
upon the treasury. The "Union" says that the tar
if bill that has passed the House win an
nual revenue To the government Of S26, 900 000 We
may look for fresh ebuon of wing wrath and de-
nunciation from the passage in the House of this
measures but this was to have been expected as a
matter Of course, and will therefore surprise no.
body.
From the Pennsyvsn
THE REVENUE TARIFF BILL PASSED
We give, in another portion of this mornings
paper, copious abstract Of the bill which passed
the House on Friday last, ''reducing the duty on
imports, and for other purposes" The vote is I'M
expectedly large and the friends of the measure are
in the highest spirits in regard to it. Ii is a great
change from the former practice the government,
and we trust that the ardent expectations of its ad
vocates may not be disappointed in the large amount
of revenue anticipated from its operations. II will
certainly be grievous and trying calamity if, in
this emergency, the Golfers of the government shall
be found wanting in those means necessary to the
prosecution Of the just in which we are now en-
gagged. The Pennsylvania delegation, with the ex-.
ceptlon of Mr.. Wilmot, who represents district
that may be said to be principally agricultural, voted
against the bill, and in so doing believe they as
well as Mr. Wilmot, expressed the views of their
constituents. A very general feeling prevailed in
this State that the act of Is42 could not stand Ii
passed under very peculiar circumstances, Mr.. Bu-
chanan and others avowng their willingness to aid
IN Its modification. That it abounded in ineuuali-
ties 1t would be useless to deny. Notwithstanding
this, however, there is very strong feeling in this
State in favor of fair and just protection Of in
terests, although our manufacturers have been reap
ing enormous profits under the present law. What
the effect of the present bill will be remains to be
seen, should it pass the ordeal of the Senate, Of
which there now seems to be every probability
We feel anxious to give reasonable protection to all
great OF Tue country, ana no more; and
il that will be afforded, as is alleged, under Mr.. Nc
Rays bill, great good will have been accomplish
ed. =
In connection with this great question, in fact the
order of the day, we subon the following interest
ing article:
SPECULATION IN New HAmpsHlRE.-The follow.
ing paragraph, from the Boston Courier is sam
pie of the zeal Of speculation which, even while the
fate Of the tariff Of lS42 is yet doubtful cannot be
wholly restrained from engaging in manufacturing
enterprises: 81
'PoRTsMourH MovING.-Under the influence OF the new
corporation law In New mpshire observe that the
citizens oil Portsmouth taking to advance the
usness OF that town to position which its situation and
should have commanded before this We rejoice
IN these symptoms Of revived activity The editor Of
Journal OF that town. writing from Concord states that the
capital of the Portsmouth Steam Factory will be in.
creased to 900 o00j the Rockingham Company Ports
mouth will also be incorporated with capital Of $500 600
the Sagamors Company will also be with the
same capitals and the Piscataqua Bleaching Printing
company, with the same capitaal in Portsmouth The
state Bank, with capital of from 100000 5000 OO0 wi
also DC incorporated these charters in three