The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-02-20
The Foreign Ncws-Its ct and Impor-
lance.

The Foreign Ncws-Its Ct and Impor-
tance.
The advlces from Europe. received by the Cam
bria, are Of more importance to this country than
any received at any time within the past twenty
years. Their commercial importance must be &C
knowledged by every interest in the country; the
agricultural classes will be particularly benefited
by the reductions in the tariff proposed by Sir no.
bert Peel. The corn growers and provision deal
ers of the West,the rice growers Of South Carolina,
the wooden clock manufacturers OF Connecticut,
and, in fact, all parties will be benefited by the re-
ducton in the duties proposed by Sir Robert Peel.
This is the fourth or fifth reduction made by the
present Ministry, since they came into power, and
the prosperity OF the manufacturers OF Great Britain,
under those reductions, and the increase in the
revenue show that it has been the best policy that
could have been pursued. The modification IN the
corn laws proposed in the new tariff, does not do
away with the sliding scale but the alteration 10
great improvement, and continues in existence un-
til the first OF February, lSs9, when further re-
ductlon will without doubt be made.
The introduction Of the new tariff bill OF Great
Britain into Parliament, had very favor able In
fiuence upon trade, throughout the kingdom. par
tcularly among the manufacturing districts. The
liberal policy Of Great Britain, the re-construc-
ton Of the new commercial system, cannot but
have a very material and favorable influence upon
Congress, coming az it does, when our own COM
mercial system is under consideration. There
should be no delay in responding to the concessions
made in the British tariff in favor Of our principal
agricultural products. Their liberslIiy in commercial
systems should mark the policy OF all nations; and
the operation OF low tariffs has been clearly set
tied by Great Britain that we should no longer hest
tate to adopt at the most reduced average duty
consistent with the object OF this act in our form Of
government.
II IL stated ia some of the London papers that the
principal features in MIR. Walkers new nrh bill
were known to the British government previous TO
the formation or introduction OF the new bill ct Sir
Robert Peel If this Is true, IL would appear that
there 10 some colusion between the two govern
ments in relation to this matter, and that perfect
understanding existed upon the subject. II would
also appear in the event OF this beng true, that
there is much better understanding between the
two governments, upon other matters, than 10 gen.
orally supposed, and that there IL very great pro-
liability Of the questions in dispute between the two
countries being amagamated and satisfactorily set
tied by general and comprehensive treaty, en-
bracing the commercial and political systems ncces-
sary for the regulation Of each in their intercou purse
with one another.
The proposed changes in the tariff oil Great Bri-
tain, the proposed reduction the duties her~'''''s
levied upon many o. 81 ~ r.t.4 ~
count ~ ia proposed niJ5sLlioa IL ~ 'A''"
Of the United States, redscing It 70 strict feVeHu'