The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-11-18


and other capitalists 5000 900 premiums. The Seerea,
~ was compelled to reto,e sum Offered on loan almost
premiums to exceed niluiof Of douqrs
Let us contrast The epors OF The last and the pre-
war. Al the former PERIOD tariff policy the OPP
pose OF the present The then Secretary OF the Treasury
depended tafif of double the ordinary There
lack Of money for consequence OF the expira-
uon OF the old charter OF the United States bank
large private capital totally une m ployed Yet with a
high ta up the credit Of The government and
The distinguished inancer, Albert Gallan, the head
muee of Ways and Means, dated 18Th April, 1880 in
forms us that II was found impraccable 10 negotiate
hons Of doaa,si Nor need instance the war-tarif Of
1872 Such have been the effects Of all subsequent high
tar that. under the boosted tariff 1872 according 20
the report OF Secretary -, 18th January, 1873 it was
found impossible negotiate the war-stock of 1912
Europe at par, and SOME was sold at discount Of and
a haf per cent
Under the bank depose stem the foreign gold received
in payment OF duties red circulation Pob-
ably not less Than three millions dollars foreign gold
was continually travelling between the collectors offices
and the banks and enabled the institutions to keep
their paper out Very e specie could get into clrcula
OF the specie from the collectors they generally managed
to keep it, and always offered their paper in payment
drafts All the foreign gold is the mints, melted
9p and coined into our Standards Ii is then Immediately
among the people in psymen, of the ebs of The
make full use OF ibis privilege, bur unpre pared
the almost incredible result which has followed IN the
space OF three years, (om 18th March l5t5 3Ist May
$3.50 he has coined s6, 5O7 69 GA large portion
which being foreign coi This exceeds the coinage du
ring the whole oriy subsequent the establishment
ot the mint We glad feel so sensbly these opera
ions OF e constitutional treasury AT time have
wines ed such abundance of gold pres
eat II Is IN every mans pocketpoor or richn country
we have seered clear from paper extensionsextensive
credits-hgh Prces-excessve supplies, and their Incl
DENTS ruinous revusions and national bank
up'cy' The change OF two great principles of national
policy and the adoption OF others, soundy conceived aud
wisely administered, have been the of preserving
our credit home and abroad and presenting picture
happily contrasting with the embarrassmsnts of 1872
have impaired his health, though not permanently, we
Before he entered the Treasury he accustomed
Would not havs endured m saes IN the Uos
States supreme Court always evidence of aboous
nent counsel General Jones', Daniel WeSs,er, and Henry
Claw His reference TO legal precedenls amounted
Navy and Post Office Departments the plicnted
Safes and from all of which sources perpexng Dues
lions continually arising between the citizen his
N session sometimes eight months of the twelve and
t,n'y calling for normation-even in ordinary times the
labor OF the Secretary must be immense; but ia time o
war; and when as at present, so many financial
have been established requiring the initiative from the
Secretary, II is as has almost proved beyond the physi
cal capacity OF single officer Albert Gaatin sunk under
the weight his abor al the head of the and re-
tired; yet the government his day in infancy
We had neither the States The populations the
operations OF his oaa duties In all his sickness he has
not failed keeping with current business OF the
instructions his officers When unable to sit up be ha,
performed his abors in bed where many OF his
crutng Rockaway last he kept clerk. ur
der HIN constantly employed with official business 1t
thai he entered va ons plans
building our custom house, carried all the preliminary
arrangements, and issued his for ing
he work Nor does the result show any want of mature
consideration The ed flee be erected will play
eraty and which endear Secretary Walkers
name citizens while lis granite walls last
The officers Immediately connected with the Secretary
appear be mbued with much of his energy and untrng
asslduy His private secretary (Mr AberD gentle
man OF ability and decision lille is the son Of Col Albert
The admirable chief of the geographical engineers The
younger Albert by profession lawyer; and he had jus
embarked in the practice of the law, when he offered
the position Mr.. Walker which he holds] The
bu of McClin,ock Young (he Acting Secreta
ry) have heretofore received our highest commentator
He was one Of President Jacksons f,vore., and Well
worthy OF his confidence Mr. McCulloh, the Comptroller,
was called 70 that Office while p,aetsag with great reputa
the public business than OF the clerks under him He
U Oh n1s & osa Of sd his de-
The First Auditor, Dr. Collins, also interchangeable in the
with equal credit but it is unnecessary As far the Sec
could have CONTROL he has selected officers of pac
combination is that While The affairs of the treasury have
been conducted in the spirit of enlightened beraty
gil proper prudence and economy have been observed
In the approaching dissolution Of the presidential term
must still be his home, and must be permitted claim
him as her adopted SON. AS statesman; he has the
tnctions and abroad, find the grtat Sir Robert Pee
and Mr. Richard Golden. who esposed the liberal cause
talents The eloquent Foote Mississippi remarked in the
Senate that he the Mansfield and Golden combined
distinguished men conferred seldom have
we witnessed one more deserving. The of Secre
tary Walker is known to the beralists of Europe as
well as country, and his views have been
lated for the press in almost every European city For the
last quarter OF century his has been associated
with every important narional reform A. the present
time, hnd his regard territorial acquisitions
cited by General Cass and truly does he upon strong
Walkers views that subject, expressed in the
Supreme Court of the United States and in 1920 when but
young man, equally with his Texas letter,
known his fellow citizens OF the South but have clearly
directed much OF the popular sentiment. In the
OF Cuba have of his avoriie measures and shall
henceorth look to him for the aid which he the
of Texas That beautiful island eventually be
ours. Here, in the lap OF the mighty West, will Mr.
Walker find spirit and enterprise ready always
and carry out his expansive views OF national policy HIS
bodness has only been equaed by his IL is but
reasonable that should conide in a who in the
stormy tariff baule of 1885, threw overheard whole sy
of minnums and specifics and resoluteIy sntained
all the opportunities of northern democrats and willing
indifference of some of southern friends The
ordeal he then through satisfied that needed
evidence of his ability a leader, his integrity
democrat He possesses the iraernal feeling of
pie and shall deeply regret step that lie take
at the close of the present administration, which de-
prive of his eminent services.
Harmony among the Victors.
The following snarling remarks rather ungacously
made by the New York Mirror, which among the first
if not the first paper that nominated Gen Taylor The
Mirror does not like to part with the lien which sup
posed have the affections and support of its favorie
candidate The truth comes out at last:
l.. -