New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-11-02
The National Financcs-Prospccts-A Loan OF
SJ,OO0.O0O called for-Breakers Ahead
Washington Gossip, &c.
Correspondence OF The Tribune.
w,etr-ScroS Oc,nhsr Il 1916

Correspondence OF The Tribune.
WASHINGTON, October 81, 1916
With view to operate on the New York cleo.
tons, the Union recently stated
We state upon authority which oe disputed
from extensive investigation into the receipts and
profits of the revenue made the great emporium OF
commerce New York and other points that the est
OF the Secretary Of the Treasury Of the proceeds
of the Tariff of 1876 10 the amount OF Twenty Eich,
Millions is most likely to isll short OF the truth The
tirnatc is about Thirty Millions. instead OF twenty
eight.
! presume that the calculation OF the Union is
that this assertion will pass current among the
thinking-that is, the grea. mascot the community,
and that there will no longer be any doubt OF the
productveness of the New Tariff To these it may
be We'll to suggest that the Tariff will not begin its
operations until December Every estimate of the
revenue dervabIe from itnow is merely speculation.
There is no actual basis for it to upon. And as
it is mere matter OF opinion and the opinion of
experienced merchant may weigh Just as much as
the opinion of another, | will give you the estimate
of one deserving of confidence which is-that the
revenue fron the Tariff OF lsi6 will not dmonnt 10
Trmty Millions. The hope OF success n. the
New.Y York Election must be very weak in the
bosom of the Editor of the Union when he endcav-
to secure the victory by such dclusive repre-
sentation
The sagacity of the Administration, in the ar
rangemcnt of the new Tariff and the adoption of
the nd valorem principle, is about on par with its
wisdom III puncinC us into this needless and costly
War with Mexico And as to the latter, will the
Editor of the Union, so apt at estimates, be good
enough to give some calculation which may be de
srablc by the people And at the same time, will
he be pleased 20 give some ght INTO the mode
intended to be adopted by the Cabinet to raise the
means
All the efforts OF the Secretary OF the Treasury
TO yet rid of the Treasury Notes to any amount
which will relieve the department has proved un
awaiting. 1t is said That with the exception of
$4,000 taken by the Bank of the Metropolis, and
$50 900 by Mcssrs. Corcoran and Riggs, there has
not been $1,000 exchanged Aud you are aware
that in New York scarcely any exchange has been
effected Ii, therefore. became necessary to try
loan. aud the Secretary has accordingly issued his
advertisement inviting bidders. Perhaps the Capt
tallsts of New York may take 1t. Those al Boston
express an cutrc Willingness to lend the money
and much more the Government may require
on the condition that Congress will previously pass
n law which will create certain revenue, out
of which the interest shall be punctually paid on
nll loans which may be authorised.
Mr Walker is certainly not the best qualified
man IN the world to GO into the money market for
loan. He has gwen evidence III his private and
personal history. Of great hnanclalskill He comes
from State and belongs TO a party. not rcmarka.
BILE for its honorable discharge OF It's obligations.
and whose reputation is slightly dishGurcd by the
blight OF Reputation Toward such men capitalists
feel mo impusive attachment. In such men len
ders of money feel no confidence. And perhaps to
these causes may be attributed in some respect,
the failure of his various schemes to raise the
wind.
In the case OF the libel sui, against Elk Governor
Thomas. 1t is expected there will be postpone
ment on account of the continued sickness OF Judge
Cranch And the suit OF Mrs. Conner. claiming to
be Mrs Van Ness is very likely to lead to no re
suit understand that the Counsel originally EN-
ploy by her have abandoned Increase and that she
has engaged new advisers. VEgIIAs.