The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-02-04
From the New York News.
TREASURY. TRADE. AND TARIFF.

When the present Congress assembled, early IN
December, the public looked upon the amelioraton
of the tariff the establishment Of the independence
OF the treasury, and Of system OF warehouses, as
things settled. They have all been presented to
Congress in able and clear manner, and the COM
mercial pubc--we may say the commercial world
are impatient for their contamination. When
the voice of the American people declared in favor
of tariff for revenue only, and against the system
of protection, they did so from All earnest conyic.
ton OF the unsoundness Of Legislation for private adj
vantage and they declared for free trade regardless
Of the continuance OF the protective system IN Eng
land in relation TO corn. The people Of England
have also declared loudly aud frequently against the
oppression Of heir con-laws, and have determined
their repeal regardless Of the protective tariff Of
other nations that sought 10 exclude the products Of
their industry from market The great principle
has been at work in both countries, and almost al
the same date. When the free-uade Congress OF
the United States commenced its session. the start
ling announcement was made in London that Sir
Robert Peel. who, in February, 1872 Obtained a
majority Of l2l 10 favor Of the slding SCALE" had
determined abolishing that slding-scse. In three
years time, the same minister carried an immense
parliamentary majority in favor Of the corn-law
Protseton with him into opposition 70 the corn
laws. The same three years Witnessed a complete
revelation Of public opinion in the United States.
From sn immense "hard-cder" majority in favor Of
national bank and protection to the few, the dem
Of an independent treasury and free trade. not
little singular that the progress OF public opinion
IN both countries, acting independently and sepa-
raely, should have produced the same results pre-.
cisely at the point Of time. The hfst week OF
December, lS45, Witnessed the PRONUNCIATION Of the
ministerial decision against the corn-aws in London,
and the publication in the United States Of the
sage and documents Of a government "fresh from
the people," denouncing the protective feature Of the
present tarin. These mssiyes crossing each other
on the ocean, produced simultaneously, mutual and
agreeable surprise among the people Of both coun-
tries They are recognised as guarantees Of peace,
Of great smalgamauon Of the mutual interests Of
both countries, and Of the application Of the vast
capital Of England To the boundess Of the
American continent. II is true that IN neither
try has Legislative action been bad upon the great
questions propounded by the tlves OF each but
there is one who does not feel that the hour has
come for the emancipation Of commerce from the
ilme-honorod burdens that have hitherto oppressed
it. The great truth forced itself simultaneously up
on the convictions OF the people Of both countries,
ar in each Will final action be FASTENED by mutual
announcements Of sympathetic action.
Now that the consumers Of bread in Eng land
at their command the vast praires o. the West,
and the growers Of food in the United States see
the markets Of Europe about To be opened to their
profit the anxiety TO realize these great blessings Is
upon the stretch. IL is in the degree incum-
bent upon every advocate OF western interests,
Whlcn are tuose OF lhe Union, 10 nasten the repeal
of our "black tariff )" in order that the minister OF
LAND, striving at the head Of her commercial and
manufacturing interests against the oppression Of
the sristoeracy, may be provided with powerful
weapon wherewith to strike down the hydra of
special privileges. The present session OF Con-
gress, and the approaching assembling Of Parlis-
ment, will be marked in the progress Of human
rights. II. I'D
The effect Of open ports must necessarily be TO
promote great increase Of the cash balance due the
United States both for the purchase Of and for
increased demand for cotton that must grow out OF
a diminished price for food in England The credit
Of delinquent States will be restored and the cheap
capital Of England A,w fire. y the continent for
employment in all It's branches Of industry. In such
a state Of affairs, nothing can be of higher impor-
tanes to the welfare or commerce and Of the whole
country, than the independent treasury, with a
strict enforcement Of its specie clause. Without
the sanitary control which a regular demand for
specie for government dues will exercise cred
its, a great part of,he benefits arising from more
liberal commercial legs alton will be lost in the DIS
asters of overweight credits. Already the banks
Of the West bloated to bursting, and a disas-
trous revulsion must soon take place.