New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-12-11

fHfl-- FROM lal1 reFQfDr We nave BEEN save
D. The Constitutional Treasury hy which th- sDece .m
ported, nata0 OF being converted into bank ss1ss HI.
befn made 20 circulsts directly to gres; extent -
currency among the people. having been T6;1ined her
during the last eleven months 5y the rev ORDERS
this Department under the act Of IN February. l79
and tee jealous cooperation Of tne able and eici-n
head cf the Stint AZ Phz1eyhls. % the unpreced-nte
extent Of $2975s ofs r. sol there thousands Of
ciizens now solvent and profPeroass rao have besi
saved irOa ruin by the wholesome operation Of th
Constellation a ffessu-T
The banks that o. sn9isey opposed the system hav
been rsscu-d probably from auother fuspenf1n tn-i
s,ocktoldeFa oeposi,ors and nclssoliers from sever
los.es and the country and Government from tie ruin
Gus effects Of deprecated pspsr currency. Il ~
union Of tns Government itn Inc 5anks had connued
aud their suspe1si0n and the depreciation Of her pspa
occurred during the war. quiring large specie de
bursemeuis which suspenaed bsnks could Dot furnish
conseqIencss the most disastrous 20 t1e honor sn-
interests ct the country have ensusd. The Gov
eminent 10 now disconnected from banks, md yri n
stock and rotss par although have been COT
strained 70 cOnrsc, heavy loans and 70 keep larger "
mica 10 The field than Il any former period. Bat during
the last when the Government was connected VIE
banks At six per cent stock aoi Treasury notes we're
deprecated twenty I'VE PER cent payable Ia bank paper
twenty per cent bsioT par, thus amounting 70 lost
Of foFiyfve 10 every dollar. upon The operations
! Of The Government
This chapter "a followed By an elaborate and detailed
statement Of the Issue Of Treasury notes snd the United
I States oar.
Then the building Of a nov Custom House At New
Oflea5s {. mentioned toward Which the Pirsl Muni:ps
t. G. New Orleans has made a magnificent donation 10
tie Ua,sd States G37ernm-rt il Toe shape Of whole
pu5c square the ground which {, is be erected
The Secretary Of tbs Treasury has accepted the donA
ton and Ia about 10 carry out his trust
After this comes chapter on Light Houses and few
remarks on The United states Cosu Survey.
The Warehouse systsm is slso spoken Of At length
and the measures stated in detail By which M Wa ker
expects improve IL 70 operate most ftyoraoly
The merchants ana the business community generally
Ba, tbs important part Of The Report refers to
the Tariff Of 5l6. On this poia, quote Mr. Walker
IN ezfsHs0:
The nsv Tariff hss noF been Ia operation more than
twelve mouths and has greatly augmented the
and prosperity of lhg cDuEtry. The net from
duties during the twelve months en- isg lst December
1871 under tbs fsnh a S3i 100000 being $3.50.
3g6 more than was received during the twelve months
preceding uudsr the Tara Of 1872 The net revenue
of the first quarter OF The rtl hsca year under the
Tariff Sill it6 81 Al cents while. 10 the quar-
Of the preceding year unser tbs Tariff OF 1872 the
wss only 5i53s6 -. II tbs rnve1ue for
the three remaining quarters should equal In tho average
ha first, then tbs net revenue from duties during Inc
frs, scs year Of the nav Tarf would b. S4f425 O29
a. II however. the comparison Il founded 90 All the
quarterly for tortyeght years Ia far back
given qusEteTly IN tha Treasury record and the
proportion for the several quarters applied 10 the rst
quarter OF the year It would rnsks It's revenue per
table G. S403c5 0i5 Although the net revenue from
duties already received being S55O62J7 a. during the
vs months of this hsca year would 10 Indicate ts
probable not less thsn s5OO0OOO yet 3; Is est
mated n s3 O0OO9 for hscs yesr euding 30h June
1878 and $2 O0OOOO for the succeeding ynar IN view Of
the possible Of the revuson Ia Great Britain Al
though eur prosperity escrOod 20 the famine there
though Providence had msce TIE advance OF one
,ry dapend1pon the casmes Of another set {, Is Ger.
tain that our trade with Great Brtsin bs greater In
a series of years when prosperity would enable her %
bug more from land especially Co,ton) sud ~ better
prices snd sell more Ia exchange accompanied by
IN augmentation Of revenue
In my Report of the 22d July 1876 1t was shown that
the annual value Of products exceeds three thousand
millions of dOilrrs Our population doubtless doubles
once ia every - years and products quairupe 10
the same period that being the time within which
sum c0mpouudng Itself quarter yearly ~ per cent In.
teress will DO qlsdrupe1 10 sustained here by the &C
tus results OF this three thousand millions OF dollars
only sl50OO000O exported abroad leaving s. $50.
100000 usod home, OF which issst 500 600 900 s
aunusv iniorchsnd between ths several states of the
Onion. Under this system the larger the and
greater the variety OF climate. soil and products the
mora 81 ensive the commerce which must ex.t be-
tween the states end the greater the ysu0 OF the Unon
We sec then here under ths system OF free trade among
tho States OF the U0on an Interchange OF products Of
the annual value % Al sas; .yJuNDJUUO among 81
millions of people while our total exchanges including
imports and exports with all the world beside contain
Ing population Of thousand millions, Is still about
$500 OoOO 600
Although under the new Tariff these ncreas
ed nearly 600 the yet tbose
States. consisting oi population OF 2lOOOOOo. being Of
tho yearly value Of 100000 600 exchanged makes such
exchange in our own country equal TO So per lodi
vdra aaaualy Of our own products and reduces the
exchange OF our own and foreign products Imports
and exports with s iha rest of the world b. the annual
value OF thirty crnts 10 each Individual That H. one
person Of the Union receives sud exchanges apnusly
of our own products as much - ~ psrsOns OF other
countries Were this sxchsrge with foreign countries
extended ~ ninety cents each u would bring i'm
ports and exports up 20 100000 per anuum snd
raso cur annual revenue from duties 10 sum exceed
Ing S90O0JO 600 An addition Of - cents each 10 the
consumption OF products exchanged from state 20
STATE BY our own people, would furnish increased
market Of the value only OF 50 5JOCOO whereas sn in
crease Of thirty ceHis each by system of liberal
changes With the people o. al the world would give US
market FOR an additional value Oh sjOJOuJVvO per al
mum OF our exports.
Such an addition cannot By refusing 10 receive
10 exchsnge the poducts Of other nations AMI demand
ing Tho s30OOOOcO0 per snpum 10 specie which could
never be supplied bnthy receiving foreign products Al
low duiies IN exchange Tor our eXporssuch augment
ston nigh take place The Obstacles 10 such rxcnaages
the duties and .lc ireighs But tne ircisnt from
New.O esns - Boston differs ont little from that be-
tween Liverpool aud ston and the freight from msny
points Of tbs Interior Is greater than from Engsn1 10
the Unitcd Ssates Thus the average from the Ohio
River 70 Baltimore s greater than from the same place
10 Liverpool. Yet tbs annual exchanges of products
between the Ohio and Baltimore exceed BY many mil
Hons tha, betwoon Baltimore and Liverpool The Can
sdss and 5scent provinces upon our borders. with
population less thsn two millions exchange imports
and exports with us less 10 amount that tho state Of
Connecticut. wta population OF threa hundred thou.
sand sho~ing tbs; annual exchanges with them
would rise tOiory millions o. dollars
Ilisnof the Ire gh thcp, that creates the chief obsia
clio 10 nierchsnses Of products between ourselves snd
foreign counties but the dutles When reflect 81
40 that exchanges OF products depend chiefly upon d.
vsrsty which i grester between country and
tho rest the world than between the dt-ran States
of the Union under system Of reciprocal free trade
with all the world the augmentation arising from great
er diversity Of products would equsi the diminu'oa
csusea by freight Thus the Southern S!ses exchange
no Cotton wiki each other nor the Western States
Flour nor the manufacturing States Ike ia5fcs Diver.
s,y Of products essential 10 exchanges aud II Ensan
and Amorss were united by absolute free trade the re-
ciprocsi excha nges between them would soon FAR tx
coed toe whole foreign Of both. and with re-
ciprocsl free trade with all nations county
with its prseminei Advantages would measure 10 snnu
al trade In imports and exports BY Thousands OF millions
OF dollars.
In ny lat Annual Report and that which preceded II
was proved hat the home msrke; was wholly mace
Quste for our vas, agricultural prOiucis We have long
had for grsa and provisions the undivided markets Of
our own people but these are not sufficient and In
sias'e year have with soundsuce OF food al home
supplied the world with adsifou Al once daring the
ass year shown By table Sal 332 2,2 Ia value Of bread
stus and provisions bringing th- value exported inst
wear ND 10 $65906273 Oar manufacturers could not
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