The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-11-23
The National InteIliKencer and the Treasury De-
pArtment.


The forthcoming report of the Secretary the Treasury
is stated on good authority, will exhibit the finances oil
the government IN much better condition than has
ally been anticipated. The report will exhibit whether
iaaciousy that further loan will be
and that there will be surplus OF eight millions at the dis
poal of the government The regular receipts of the coun
try from customs, &C. have been larger than estima
70 meet inc increased Pendres OF tue government we
shall be very glad to find these statements and hope
find no special pleading torurng OF figures IN the
port to throw embarrassment upon the new administration
t1fenton State Gazette.
"We copy the above paragraph for the purpose of ex
pressing concurrence in its sentiments and at the same
time, while congrau ate the worthy Secretary the
rise which has taken place in all government securities
since the election of Gen Taylor ascerained OF say
ing him that he will be very unga.eul if he do not
knowledge that the rise is attributable the election OF
wing President. That event, it is already obvious, has
given confidence all business and enhanced the
value only OF government securities, bat by conse
quence, of all kinds of properly Had different result at
tended the election and President bee brought Into Office
the Baltimore platform, committed to the subtreasury
and all its kindred policy only would government stocks
have felt the fatal shock but altogether probable that
property Of every kind would have Deprecated and
department OF business and industry have suffered par
aysis less severe and asling-Nat hteAigsne0
We quote the above editorial article from the National
Iutegencer commenting on the statement OF the Trenton
State Gazette That gazette, which il appears had. in
with most of the wing press before the election
supposed the government would large loans, now
since Gen. Taylor is chosen, seems to have discovered
that not only loans required but that there will be
surplus of eight millions at the disposal OF the gov
eminent" That no loan will be required, asserted
them and repeat now; but we never minated that the
surplus would amount TO eight millions. The lntelgen
Ger attributes the rise in stocks to the success OF the
whgs and says Mr. Secretary Walker will be very
ungrateul if he do not acknowledge that the rise is ar
buable to the election OF wing President"
Now, the rise commenced before the election 1t is
true it has been greater since but the RISE under
stand fully great in Europe here, and we presume
they had heard OF Gen Tayors election Treasury
notes. Also which the trues criterion being sold with
the interest off, nearly four per cent higher more than
year before the election namey, at time in s4D
than they We presume also the new and
increasing foreign demand and the augmented price
for our stocks abroad, for permanent investment has
advanced the price here. Surely that was not pro-
duced by Gen. Taylor's election. We presume, how
ever, that the continued success of Mr. Walkers
new tariff revenue measure, now conceded by the
wings, has contributed most to enhance the price
the remarkable as it is an exception now
to almost every country in Europe, whose revenues
declining That the banks generally, and most of the
moneyed classes desired Gen. Tayos election, read
y admit but surely they believe that govern
ment stocks are be advanced in price by substituting
the tariff of s42 for that of 1916, by restoring the de-
postes to the banks of the States AS regards the hope
expressed by the Trenton Gazette that the Secretary of
the Treasury, in his forthcoming report statements, and
estimates, "wll throw embarrassment upon the
administration" its wishes will be fully gratifed Mr.
Walker will state the truth plainly-exacty is-with
out the least desire to embarrass his the
ury or the new administration He would be one of the
last men to wish to throw any embarrassment upon the
finances of his country, whoever might be President
Secretary of the Treasury He knows well the aduous
and severe abos and responsibilities always appertan
ing to the post of Secretary of the Treasury and would
desire to- see the finances of his country fourshng,
whether under the charge of Mr. Evans, Mr. Law
renee or Mr. Clayton, any other individual whatever
We presume, however, these distinguished gentlemen
would have TO give very different statement in their first
report the under the tariff of 1916, from
that predicted by them in and out of the Senate They
thought and predicted it would produce from eighteen
twenty millonsa mistake of only twelve millions per
annum in their estimate We hope they will
the mark in their reports.
Correct Views.
Tbo viz pfad of IL