Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-10-14
Published every Thursday.1
The old Essues Revived.

The Tr-weekly Journal Of the Goth of Sept, says,
1.-THE wings Of the Union have nelhng to fear about
the Tariff That measure must be resorted to by the
government To the debts contracted BY this war;
to the flR protective policy" Does not the Journal
editor know, from published official reports, that the
Democratic Tariff, which went into operation only
last December, has yielded for each
month"; than did the Wing Tariff for the correspond
ing months of any previous yearl If he does not
we recommend him TO read the leading papers of his
own party which have published those reports Does
the editor need be told that it is the highest
duty on imported goods that yields the most revenue
at the end of the year Duties may be so high to
discourage importations and even to prohibit them,
which in that case, by entirely drying up the revenue,
would render resort to direct taxes necessary. Is
this what the editor wants The Democrats, by
ducing the Tariff tax, have encouraged imports, in
creased exports and augmented the revenue, where
with ''to the debts contracted by this war;"
We repeat the official statements show, that the
present low tariff has already produced more revenue,
month for month, than did the former high tariff.
Suppose line of stages should charge passengers ten
dollars for 100 miles; and an opposition line. on the
same route, should charge only fire dollars for the
same distance, which line would make the most at
the end of the year, The Journal man, who from
his sympathies would be a member of the ten dollar
line would find at the end of the year that his high
tariff had not produced much as his neighbours FIVE
dollar tariff But he speaks of low tariff as
object of fear 10 the wings, and says that ''the full
protective policy" "nust be resored to-" it is clear
that he again puts forth that issue, and up his
flag accordingly And we now say again to those
Democrats who have supposed that the prosperity
as TO trade and revenue, attending the present tariff
will do away with opposition it. that just
as the wings again get into power, they will adopt
the high tariff system which has robbed its millions
to benefit few overgorged capitalists.
Again: The Journal says, 'n reference to U. s.
Bank its and most devoted friends have long
since determined to cease pressing the subject or
making it an issue before the people, until full
sense of It's need shall COMPEL them to resort to it"
&C. SC Has the Journal man read his own par
ty papers If he has, he must have seen that er-
changes are now looer. less fuctuatiag, and more
equal, than they were during the sway of the U. s.
Bank And principle argument for such an institu-
ton loacer and eqaaii-e the exchanges.
Both parties have arrayed themselves against the
'.pet bank system" Then there remains but two
other modes of keeping the National Treasury-the
peoples money-to put it into U. S. Bank to be
banked on for the benefit of private stockholders who
would have already more than their share OF the
wealth of this world, TO put it into treasury, In
dependent Of banks, and kept by sworn officers, who
give security for the discharge of their duty, in the
case of our State Treasures. But the Journal at once
decides against the Independent system, or the edi-
tor calls it, the ubTreasury for lie says in the
article that cit 1.-THE subtreasury has been establish
ed in open defiance Of the expressed opposition of the
sovereign people, and has not the confidence of any
party" &c. &c. Well, If that is true the question
is decided in favor of another u S. Bank and the
editor says it is true-(a-hem y it is clear that he
goes for another monster of nquity, to be governed
BY few select directors, who, in lending and collect
ing can favor or Cypress whom they please, and by
expanding and contracting the currency, make nearly
the entire property of tile country change hands every
five or ten years at farthest.
To sum up, it is manifest from the foregoing. that
the Journal man is for High Tariff, and National
Bank Andafler the country would be ruined by their
coniont operation, he would doubtless again be in ia
vor of glorious Bankrupt Law, to sponge out the
difficulty.
We say only to the Democracy, but to all friends
of their country aye, to those Of their own In
terests-BEwARE!