Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1849-08-02
The Money Market.

1t is to be regretted that the evidences are as strong
as they are that the country Is again TO be agitated
and business disturbed by another contest to remodel
the tariff. The effort will be as vigorously as ever
resisted by the South, and interested as the West now
is i'm unrestricted trade and the market Of the world,
ii is hardly probable that any more restrictive policy
than the present revenue law can be carried through
Congress. How unwise, then, IN the manufacturers
themselves, to get up an excitement upon a subject
which, of all others, requires quiet and stability 2
A spirit of freedom and exemption from commercial
as well "a political restrictions pervades the land, and
it cannot reasonably be expected that the United States
will, at this time, 90 back TO those odlous and arbi-
trary exactions which taxes one class OF the commu-
nifty to favor another. The power of partial taxation,
which corapels one portion Of the Union to pay more
into the public treasury than another, is at the bottom
of IN revolutions which are now regeneraiing uUnar-
chical Europe, AND it can hardly be expected that
the United States will GO backwards, being herself
the example for progress and liberallty elsewhere. 1t
is one OF the very few topics IN our national politics
that cannot be discussed without violent discussions.
1t is in vain to tell the South and West that the con-
sumner does not pay the amount of the duty upon oil
articles of home production, which come in competi-
ton with the foreign articles. 1t is in vain to tell
those who have produce to export that their market
is not injured when a restriction is placed upon i'm
pnrts-tnat we can sell when we refuse to buy. Too
much light has been thrown upon the subject. The
country cannot be longer caj0led and deceived by So
phistry so shallow, as has heretofore been used in the
discussion of this question. That the system of high
protection is 'vIcious and unsouDd," Is n confession
extOrted from all parties in England by the hard les
sons of experience. 1t is the Confession of a truth
that political economists taught long ago, and which
experience teaches everywhere. The doctrine of dis
elimination for protection ought not now 10 be resumed
and, as we believe, cannot be-, and ought not, for the
best interests of the country, be agitated. We have
heard an immense deal about vested rights, but the
farmer of the West, and consumer everywhere, have
long since learned that they hav We as pOOd n vested
right to cheap clothing and cheap articles of manu-
%facture, as the manufacturers have to large profits.
The farmers rights was vested first, and is just as
much entitled to consideration as the manufacturers.
The mass Of the people have a natural right TO be ex-
empt from contribution to a few manufacturers, which
has precedence of any right vested by act of Congress.
The policy Of the present law in the main is sound.
1t aims to- so levy the tax on imports that a sufficient
amount of revenue may be raised with the least pos
sihle restriction upon trade that as much of the in-
creased price Of an article as possible may 90 into the
public treasury and not into the pockets of the manu-
faclurers. There may be, here and there, a point in
the law that reqires modification, but It's spirit, it is to
be hoped, may not be touched.-Pa. Ledger.
OF the sixteen millions of persons who inIabit
Great Britain, there are about one hundred and eight
thousand who keep men servants, one hundred aud
~ffty-iwo thousand who pay duty for horses, and TWEEN
ty-slx thousand who pussess The luxury of a four
wheeled carriage.-MddisoH Banner.
Surprising the above correct, it shows the effect of
a great Ngfional Bank; far no other agent under the
heavens could create such monopoly. Millions s,arv-
ing that a few comparatively may riot in wealth.
Has the Banner read Coleman's late letters!
Mrs. Psrtington has bad the cholera. She says
the collapse in the abominablc regions was eggscru-
tiating.
This must be the kind of cholera which the doctors
nre nursiaO in cprfaIn ulaces.