The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-05-07

tne very business, (tndt OF ~
alleged the tariff law would ruin first; water prv-
leges destined TO make new Lowels, are seized upon
with avdity and new factories everywhere started
Pennsy lyania did safe busness-her rail-
roads and canals are overwhelmed with freght-her
toges IN full blast-her mines pouring forth Their treas
ures. Labor in more demand the farmer,
whom Mr. Johnson predicted to be ruined, has been
reapng golden harvest and trade, this year, will be
immense And il is well worth considering, that the
liberal and comprehensive measures of the administra
ton admirably adapted to meet this state of things.
and will be pronounced by unpreudiced historians here
after, worthy the nation and the age The country,
IN word, was never growing richer; and business, so
far from beng crushed is fast approaching the over
trading point So much for individual ruin-or private
credit
But the wings predicted that public credit as well as
private credit, would be ruined by the tariff bill Such
was Senator Johnsons sweeping prophecy. But the
great whg gun on this point was Senator Evans be-
praised by wings, from Webster downwards as Scion
in finance. He, ii alleged, demonstrated by figures
how entuay inadequate 70 The support Of government"
these are his words-he present tariff would prove,
and showed to the satisfaction OF his credqlous trends
how absurd Secretary Walker in calculating reve-
nue. OF twenty eight milons-possibly thirty millions
senator in his li farewell sspseehyg he present iii s
satisfied was he with his arithmetic he that
he had the secretary that he exutngy exclaimed al the
end OF one OF his items, where he figures out some hall
million loss, Remember that sn, for another day."
And at the close OF this effort when he sums up his ar
gumens, he objected to the bill because oud serious
fy impair the credit Of our ,gorernmcnt."
ed as Senator Johnson predicted IT would be- Is 1t
even seriously mPdred," as Senator Evans demonstra-
ted it would be- flow does stand, spite OF such ruin
prophecies, which, by the way, backed up by the
embarrassing efforts of all bankdom and brokerdom
Let the late loan, now at a PREMIUM OF FOUR PER
CENT answer 1t is the turn for democrats to talk
nOw and to press upon these ruin Projectors the ques-
ton, When did the credit of the nation, in every sense
stand higher Who doubts the ability of the secretary
if occasion should require, TO obtain further loan? Sc
much for one part OF this sort of "run" and time,
cordng to present prospects, is only wanting to NOV
down the other part Already in six ports only the rev
for the present year. since the tariff took effect
exceeds the amount Of the same period last year,
| EIGHT HUNDRED THOUSAND DoLLAKs-givlng clear indi
cations that Senator Evans destined this point also
from the present tariff AT any rate, public cred
very different from what it was in the days of thu
Harrison Congress. when Evans himself had part of thu
charge Of IT,
By thus comparing the state OF business and of public
credit with wing predictions il will be seen how com
petey the latter have failed The only things ruined have
admitted the ruin is as thorough as satisfactory as any
lover OF his country could desire. The wings will b.
hardly able to gather up the fragments Their great pa
nacea, NATIONAL BANK, even for regulator is an OBJ
solete idea; their HIGH TARIFF SYSTEM has fallen
while every pillar of our temple is standing their tnan
cal positions and Arguments are broken, Waterlooed
predictions Can they evade the great fact of prosperity
What they say That, in their speeches they were
ignorant OF the principles and facts OF political science
that knowing Them they made these predictions with
intention TO deceive the peoples or that TOR partisan
obects to promote the whg cause they meant to get uT
tariff panic just they once got up bank panic It is
difficult to see how they avoid one OF these confes
sons. But what can they dos They seem anxious tc
sink the tariff queson-to take advantage Of the compre
hensve and vigorous military policy OF the adminstra
tiohasten themselves to the skirts Of the gallant hero
whom they had not the patriotism to In his hou
Of needand depend upon the glory gained in they
have denounced, TO retrieve their fallen fortunes But
takes two tomake bargain. Old Roug hand Ready has
not yet consented TO place himself in the hands OF such
friends as the wings. Perhaps the gallant general re
members that John G. Adams characterized them polit
cally, as making treachery their vocation