The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-12-03

predicted that eighteen months from to-day there
WIN not be specie-payng bank In the United
Siales This he did, not in haste nor ia private, but
N series OF letters addressed to honorable sena-
lor nom the great State Of Virginia, and published
win the name Of Mr.. Lawrence, and with his appro-
baton In the papers favorable the doctrine OF protsc
son throughout the United States. The declaration
was therefore substantially endorsed by the prophets
on that side generally Mr.. Clay, tho father Of the
American system, IN recent address, characterized
the new tariff as "the fatal tariff Of 1896 whose
amitous effects will, apprehend, sooner later be
extensively realized" This, with his declaration
that I'VE Of the west" do not think the repeal of
the English corn laws will be Of much importance,
exhibits the views Of this greatest ofthe proeconiss
as 10 the new policy upon which Great Britain and
the United States have entered.
We believe these representations of the great
men who have been named to be utterly groundless;
nay, the very opposite Of the truth. We have
doubt OF the truth Of the following propositions viz:
that protection lessons the wages Of labor; IL not di
recty yet really, by enhancing the price Of protect
ed articles purchased by the laborer.
IL lessons the product of capital.
IL reduces the prices Of the produce Of the coun-
try, and enhances the prices Of the protected articles
TO the consumers 30 making a double loss TO the
farmers and all producers, and manufactured arti-
eles Of export.
IL aggrayates the fluctuations of trade, carrying
excessive importatons to greater excess and so eI
poses the country 10 injurious drains Of coin and its
moneyed institutions TO embarrassment and bank
ruptey. ......
With these views, and sure Of their truth, we pre-
diet that the currency will be sound and the banks
strong under the influence Of free-rade, and that,
instead Of ruin, the tariff Of 1886 will bring with il
degree OF solid prosperity never before known in
our country. Not bring with IL exactly but alIOp 10
dspsiop HssB The sources Of prosperity are not
either In free trade protection. They are in the
good laws which God has given US, the high pIin-
eipes which our fathers taught u.s. the influence of
a free and energetic Bible religion among us, the
stability Of our Institutions, the security Of our
property, and in all the mighty energies of free,
Intelligent, and comparatively yirtuous people. Free
trade Is nothing at all. Ii is merely the absence Of
restriction Liberty is nothing. Il ia only the alb
sence Of oppression. This absence lets out the
mighty energies Of our race, stimulated by laws
which protect US in the pursuit Of life, liberty, and
happiness. IL 10 our boast our glory, that we are
free and this is which will stimulate the highest en-
ersies Of the people by securing to them the largest
reward, This will FIJI the Golfers Of our banks and
our people, and secure the steady and most rapid
prosperity ofthe country. Do men earn money or
accomplish any desirable thing by being forbidden
to act Do they make money by what they can
not do? Events viii determine the great question
now submitted, and the people will endorse the YER
dict with Live free trade! Live liberty in every.
thingln
Our collector very kindly aud properly kept the
eustom-house opened until 10 o'clock last night
Then IN the darkness protection went out, and the
doors were closed against II, we hope and believe
forever