Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-09-22
THE ENQUIRER.
RICH OND, VA.
Monday Morning, September 81. 1916
TIE STATE OF THE COUNTRY.

THE STATE OF THE COUNTRY.
Never have we known such complete over
throw as has marked The Efforts OF The Wing pc
i!iclans 10 excite odium against Democratic
Administration, because il carried on, the pledges
upon which the people elected them. When Mr.
Webster raised the cry of "Repeal." and The Ma
tona Inreligencer shouted ITO your tents, Of
Israel - the Wing press caught up The strain, anc
the whole country was made 10 ring with The
notes Of ruin and Distress" A Locofoco Adj
minisralion, they said, had sacrificed American
industry to British inleresls-"Sir Robert Walk
or" had concluded the bargain with Sir Rober
Peel-American independence had been wanon,
" destroyed, and the whole country had been in
volved in irremediable woe. But TO crafty The
politicians, The manufacturers mould not stop
and in spite OF Wing prophecies, the products
OF the farmers have taken bound upwards
The panic cry is rapidly fading away. An INTEL
lisent merchant who has just returned from
visit 10 the North, says that il is there generally
conceded that the complaints Of the action OF Co.
yernment are confined 10 the politicians, whose
game is 10 keep up the agitation, il possible, for
pariy eflccl-hu il is lame attempt In Low
ell. the manufacturers actively al work, as il
the Tariff had not been touched. Every thing,
indeed is progressing with spirit, and The business
community looks forward to a healthy and pros
porous condition Of affairs, under The revivns in
auence Of more liberal commercial principles
From the September No. of "Hunt's Mer-
chants Magazine" work of high authority on
such matters, we make short extract, in regard
10 the effect OF The great revenue measures adopt
ed al the last Congress
nDnring the month which has elapsed since The
date OF our last article, those great measures OF
commercial policy which were espousei BY the
pany victorious al the last general election, have
become laws. These are, the sub-reasury i.lan
oil finance for the federal treasury, The modifica-
lion OF The Tariff OF 1912, the warehousins sys-
lem. and the loan bill. The features OF these
laws are generally we'll UNDERSTOOD and, there
fore il will not be necessary, in this place, 10 ex-
plain in detail their provisions. The specie
clause Of The sub-treasury law does not come in
10 operation until January. ls47. The final pas.
sage Of these laws was unattended by any marked
change in any OF The markets There were al
lempls BY political parIisans 10 promote pane
feeling, seconded by spectators, Tor selfish pnr-
poses; but without success. From the lime The
election OF November, 1874 burning upon those
principles involved in The laws in question: was
decided in favor Of the party now in power, the
lulhlment of The pledges then made was looked
upon rs certain. They involved grea, changes
no less Than an entire and radical change
in The commercial policy OF the country
Instead Of system Of protection 10 nome M
duslry an entire abandonment Of The principle
was ayowed. Instead of recognition and sup
port Of The paper system, its entire abandonment
and dsuse by the government was looked ior.-
Instead Of the requirement oil heavy cash securi'
lies, and the payment in full oil duties on all I'M
ported goods as soon as they arrived, the sys'
lem of warehousing, without payment oil dulies
| for wear, was anticipated. Each one oil these
measures was sufficient, il We allow full weight
10 the Importance of government enacmenls, to
convuse the whole country, and bankrupt large
classes, engaged in individual pursuits. Never.
lheess, the government policy involved IN al
three has taken place after discussion oil many
months; and the actual state of The markets, the
price oil money The activity Of trade, The va ue o
property, and The employment OF industry, do mo-
evince that any apprehensons Of practically bad
effects exist among capitalists and owners. Or
the other hand the conviction that The policy oil The
government is fixed and cannot again be disturb
| cd al least Tor some years dHoIus leelihS "
relief that more than coubterbaances any remain
ing approximations Of delelerious effect, from Inc
enactmen,s that have been perfected"
The same article goes on TO show that the re-
ducion of duties even upon iron is not such az
seriously TO fleet that Interest," nor are the change!
great on any other articles, unless il may bt
coarse cottons, which will pay 25 per cent agalns
AZ, which The actual specific duties under The ole
Tariff actually amounted TO. On many article:
the duties have been advanced This is more par
ticulary the case with imports from France. Th'
French papers already complain of wha; they
suppose an act Of hostility on the par, of the gov
eminent towards that country; but no such hostile
intentions can be fairly attributed 10 it. The prin
ciple on which the duties were apparently adjust
ed was 10 charge articles OF luxury as high du
" as would suffice 10 yield The greatest amount
revenue; and most Of The imports from Franc
fall nnder this head"
The new Tariff is neither a French nor Bri
fish measure-it was enacted 10 advance all lh'
great interests OF our own country, and is strictly
and emphalicalIy an american Iarit, and as sucl
will be regarded and upheld BY the American
people.