Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1848-02-15

came honest toll; but Justice and the
democracy of numbers finally triumpbed,
and the "black tariff" of 1912 was replac.
ed by the revenue tariff of 1916. Happy,
glorious result!.-the emancipation of Ia.
Dor from the bonds of capital Ia second
declaration of independence The grand
and instructive event should ever stand as
light and a guide for the future
Whatever. sir, may be the policy of
other nations, that Of the United States
consists pre- .eminently in free trade Ex-
perience not only bears testimony to this
great truth, but God himself has stamped
it with an omnipotent hand in the ever
lasting features of the country-in its vast
extent, its diversities of soil and climate,
IFS superior adaptation to the production
OF breadstuffs snd cotton. the great staples
for feeding and clothing mankind which,
in ourhands, must eventually Sc cure to us
the control of the commerce and exchan.
ges of the world Hear, sir, what the
great man who presides over the Treasu.
ry Department says of its benefcent OPP
GRAFTON and promise in his late report: q
'The new tariff has now been in ops
Grafton more than twelve months, and has
greatly augmented the revenue and pros
perity of the country. The nett revenue
from duties (see table my during the
twelve months ending LIST December.1 647,
under the new tariff. is 1871, 800. 900 /;
being $s.52e, 500 more than was received
dnring the twelve months preceding, I'M
der the tariff of 1912. The nett revenue
of the first quartersofth the first fiscal year
under the new tariff was 81. loo, 257 Al,
whilst in the same quarterof the preceding
year, under the tariff Of $40, the nett rev.
enue was only $6.153,S26 SO. If the
revenue for the three remaining quarters
| should equal in the average the first, then
the nett revenue from duties during the
first fiscal year of the new tariff would be
$14,425.029 Cd. II, however, the com
parison is founded on all the quarterly
returns for As years, Gas far back assgiven
quarterly in the Treasury records. and
the same proportion for the several quar-
ters applied to the first quarter of this year.
it would make its nett revenue $40, $685.
045 (per table C.)" iftI*
Comparing the first twelve months
ending the LIST of December, Is47, under
the new tariff, with preceding years, we
find proofs of increased prosperity. The
revenue has largely augmented; so also
have the imports, exports, and tonnage.
our imports of specie, our coinage at the
mint, our agricultural and mineral pro.
ducts, our commerce anR navigation, the
business upon cur lakes, rivers, and coast
~ise-upon our railroads and canals
whilst in every direction manufactures
are being established or enlarged, and
new manufacturing towns and cities are
springing into existence" "In-
stead of ruin, we find prosperity; the
manufacturers receiving lair profits. and
the workingmen augmented wages and
employment" y "And now, when
under our successful example the ports OF
Europe are most probably about being
more widely opened to all our exploits,
shall we check the advancing spirit of the
age, and extinguish the dawning light oil
commercial freedoml Everywhere ma
tons are being aroused upon this subject
their statesmen are resisting the interest
!: ed classes, aud exposing the injury ant
injustice of shackles upon trade, and will
soon enrol the names of other countrie;
on the great international league of com
; mercial freedom for the benefit of man
kind. 1t was our own country and heI
public tunctionaries who proclaimed these
great truths before they had received the
sanction of other nations"
with such results already from our eff
forts, we have every motive 20 persevere
until the tree trade doctrines of Great
Britain and America, the two great ma
lions of kindred blood and language, shall
open the ports & disenthral the commerce
Of the world"
France, Russia, Germany, Austria,
Italy, Prussia, Switzerland. Holland, Bel.
GUM, Denmark, and Sweden, and even
China, have moved or are vibrating or
preparing to move in favor of the same
! great principle; and if our own country
and Great Britain adhere to their presen,
enlightened policy. the rest of the world
! must lose their commerce, or adopt, as
they will, our example" .-..-..-...-
come now, Mr.. Chairman, to speak
Of the last measure in the series of the tri
umphs of this administration, 10 which my
limited time will allow me to give atten
ton at present. Irefer, sir, TO the consti
tutional treasury. upon which that grea
and virtuous statesman president Var
BUREN, fell; but which, under Mr. Folks
recommendation, has superseded the ac
of 1889 for the custody Of the public mon.
ey. This measure, like the revenue tar.
if, was strenuously opposed by the horde
: of bankers, brokers, stock -jobbers, and
usurers, many of whom, as custodiers Of
the public treasure. had specuIated upon
+. it, from the repeal of the constitutions
t treasury in ls41, by federal Congress-
] to the date OF its restoration in 1916, by a