Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1847-01-08
RICHMOND DAILY WING.
Public Meeting.
The sincws of War.


The decisive by which the House of Representa-
tvos few days declared that Npedicnt levy
duty upon and coffee. recommended by the Pre-
rden aud the Secretary Of the Treasury, necessarily
poses upon those friends OF the Administration in the
House. who have evinced their hostility that proposition
the imperative duty OF dovsng other plan by which
the treasury subject heavy daily drafts shall be
supplied with funds Several OF them have already sug-
gested partial system Of direct taxation but have
idea that Congress be induced to that u-
popular because oppressive system under existing
circumstances. Whenever shall become neeessarv-that
say, whenever the equal well efficient
aud less oppressive mode raising by duties up.
Imports shall fail supply the necessary amount,
addition loans which under any system will be nds-
pcnsblo, while the continues, the people will cheer
fully submit the imposition OF direct but not until
then.
II is unquestonably OF the remarkable incl
dents connected with the existing war-one, which, as
much any other illustrates desuaiion only
OF sasaciy but OF ordinary prudence, the part of the
Administration and its fnends-,haL cotemporaneousy
with the commencement Of hosulues, they should
vcuu-od upon the hazardous experiment OF reducing the
duties. aad thereby diminishing, when they should have
adopted every proper means Of sugmenung the
Of the Government. We aware indeed that the ad.
V,csies o. the no~ tarf oessed 10 beueye-and NC
dl-tt Ina; many Of saen did really 50 belevs-taa,
IL would be augmented BY the ssdlcca OF d.
ties cVeu fi,F 5gsh, have consented 20 defer On
experiment the franea result Sc whcb TO 7y the .eas.
O r was mater OF s7teulauo1 and doubt; S.a,esnca 81
- ilrEc experience a. themselves, sai whose opinions
were certainly entitled 70 respec. e,ni- ve.tsa
lais as-ug,u with much confidence IS itv.s p-o-
e.alle- snl d 6eetcace jle 20 tler J1tEme-'
the -l ot pas, experience should have c1er,ei e5a-
Iso.ng u51enee. Daring me O. l>I2. VI. Ma son
id TO-, d3 hs friend. propose reduction OF
the GuJes means o. increasing the revenue. "a Tie
contrary, cy p5rsLEr uvrE i5r the p-s,re Of aug.
menunE the OF the Jre5ssy We admit. indeed
there point beyond which, he duties be 70 sed
revenue will only De diminished. bat entirely CT or
in o,he' words, ,aat there Is Secretary Waker saw.
"aIeveuue s'andasd,yei, think equally clear. thar,
upon ar,ess, the t.r OF l.42 DID no; 20 beyond
reach that standard. and consequently that the
iar Of lsi6 falls below il, the Of the reiuc-
tol. II this D. the fact the ueeessl be
css under tae latter than under the former tariff and the
FOLLY Of i enactment nuder the circumstances tina, exist
cd at the time OF the passage OF the bill no one it seem.
10 u, ought 10 doubt
But, 1t this experiment suicen ~ indicate
the rashness lor the oly} OF the Administration and 10.
friends they Insisted also upon the rs-enac;ue7 = a..
SUB Treasury, and refused any relaxation OF
ats rigorous features, Outstanding the distinguished Sc
tom South Caroline, whose advocacy OF tbs
srcat measure Of deyerance and b nv 10 years pest
GU gh to have given weight h. opinion predicted h
evil effects passage, aui sosmGly urged its pos
mcnt To a more propuuas period. one OF ibc ayoy,,
or Of that L. by the infexibs le4uisitan
specie payments all dues the Government 10 reduce
the Of tho circulating medum-or, % common par
lance render money scaIcer, by compelling the bank
cuTta their issues But this effect be prOauccd on
OF the consequences must be To Diminish iaportafi0as
which every yro knows large or small as the cur
rcncy Is redundant contracted. We have ibeu an t.
uaordnay spectacle presented by these twin MEASURES
thc Administraioa-a FREE TRADE TARIFF on the on
hon d.. - ,t-
based upon the idea OF largely increased mpor,auous
essentially airy the augmented which the
anticipate from its enactment; while the ohcr ty con
tracing the circulation and bringing every thing So.
c.e standard must Of necessity exert powerful nfu.nc
preventing that very They offer to the coun
Try, parts Of great system two measures Of whc
absolutely defeats the great main OF the other,
But another and lees important OF the rgid Ell
fcreemcn Of the provisions Of the SubTrsa,u,y bill mu.
be to render the negotiation Of loans upon any lining k
reasonable eFns, entirely imp;acucable. Even with th
proposed duty upon and coffee, which Secretary Wake
c1usders indispensable believed that capitalists cam.
be induced to make large loans the Government Will
the specie clause Of the SuO.TroasuTy continues In forc
Aud yet indication thus lar, Il an intention
the part Of the Administration to modify that moasur
even while It IL coniosug m poverty. and clog impo
tunuteIy upon Congress Tor aH-b!Is and loan-bills
II stronger evidence has been afforded Of the inc,
plcty Of 60 conduct he asirs Of government u
period Of difficulty aud peril, have yet to learn wuc
ii, to be found. Having ho,do.sly plunged the COUNT
into nothing the ineiFc.ency Of the iaai
cal adopted b. them for vigorous and su
cessfu prosecution but the plea, Itself almost no1cuslb
that they had conception when 1t began, that yoa
continue than eight months, or that II w0u
involve 80 large an oxp,njure-as every one now %
ceiyos neyitsblo. But even now with the probabili
slrug the Administration ia the face, that the wsr MI
probably bs long protraoc5 and the expenditure, hen
after DC much larger than they have been her
ioorc instead OF meeting the emergency with Tie boil
which 1t demands, the Administration contents DE,
with p'oposingn paly upon and coffee which wru
yield not than three millions annuaIy-aud ey,
that Insignificant Is refused by friends who Wi
oud professions Of patriotism upon their hps shrink fro
tue adoption Of measures which % declares be ubsout
" essential, order Keep wheels Of Government
motion
With these aois before tho county 10 will be propar
appreciate both the wisdom OF the Administration. Of
ths pluOusm of iu supporters
~ In tho Senate on Tue,day, Mr. Cameron Of 20.
uoluced tho following resolution:
" Received, That the Secretary OF tho Treasury be
T,sed Go report the Ssnas an what articles eubr.
~ thc puI oc u 1876. The duties bee increased b
yond uc existing rates so as 10 augment the
o. Wha extent The fad duties be increased, aud
add upns revenue would accrue ihc5eirlm.
Th, Pennsylvania senator hopes lo GET favorable OF
nion from the Secretary favor Of coal aud iron BE-
iug understood that that luucuonay has b5cn convinced
perhaps by facts, perhaps by the result Of PEI
syyania election that the duty imposed upon those Or
sl.s, f upon no oiefs by the tariff Of st6 ore unis,
"isysnuo standard" We h.ps that recent events boa
satisfied The Secretary iLa, rnsay other article a-o .n
same category
Pennsylvania.
The Legislature ol the State assembled A. H,rr.b.
on che 5,h met. Charles Gibbons fWhigI was elect
Speaker Of the SENATE by vote of &C. 10 Tor Will
glaf. aud ? scattering. James Cooper Wbrl wa. se
Cd Speaker Of the House, receiving 50 votes. unI John