The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-07-19
@ From the Boston Post July H.
FaIlaciss OF the PrsssctHonlsts, 'as

is BaAachee OF tno RroeecG0nhstgs = @tE&
Under this title writer in the journal of Commences
dilaes upon the sagaey and forssghtsdnss of Mr. Abb
bolt Lawrence in making his famous predictions lS46
The whole article i well worth reading but We think il
rences letter to Mr. Rves dated January ie 1876 AL
ter stating his conviction that Mr.. Walkers proposed
" nen would aF sass
to be RENTED in coin. thus making the country, the
treasury, or both, entirely bankrupt, he says:
'y e : x s posy
Of Great Britain and that Of all Europe. has BEEN and Is
q % ss g u
from necessity. Wheat is prohbitsd BY the sins scsie
a a & eoas ssa s
Re s IN =. q sSs
duty The duty and charges barrel of American pork
sd dSwo Il sa Es The % mi 0J @
g Engand must % "so~idsrab unsss The prices here
find in the cataiosus Of our strictly agricultural produces
single article that y not bsrdened with high duty IN Eng
should be DONE Ihaps Iids s ]. o Ssss abe q MP
Of reduction, total repeal.
Of the present tariff"
Again: ats
"The question then arises. what viii be condition
after the proposed plan Of low duties into operation
In twenty days sfs. the bill becomes aw win bsye
trade; the manaiaotoss are ali motion for The sup.
ply o. the u ,nS %
voices for tho house. and another for the
w Is
experience Of the American importers In New York, wbo
passage Of the tariff Of ls4s had (ost Of
successfully with 1auduent Foreigners. In less than
sioa. this Whole country viii b literally ssrisisd Win
foreign merchandse be not CO. the revenue win fall
owe debt abroad of mions of dollars which must be
Il sSa The 60 up e Pn thai MAKES
Atlantic cities; yet bills England and France do fall
the loans made the South and West called Ia
debts due sections the
made exchange be obtained produce Il pur-
chased and shpped and when Il arrives at the North, IL
will command the cost in the West; paralyss will
longer answer to pay debts due the North, and the
coin, which be collected and down the
hs Yo ns and Boson wss and o
em credits cut of, the people Of those sectos
no longer promptly meet their engagements. The
points and frat giving way ofhe banks heard from
those points where there is the least amount of capi We
see the approaching like thunder shower In sum-
fall Ii last reaches the great mars Of trade and the
exchanges having swept everything In lie courses and
maintain their credit and honor srs forced 70 yield 20 this
Usopian experme the cnnency hav ~ hessafso~ %
sta.g al dis seM take place sftAs ths spaes Of aEh
i se~ and ot 5s.x ao;ss S.ss III o
found in ths Unisd Siatss"
/ Comment is almost needless But what glorious ar
ray OF facts and figures could be brought forward to
shame the uerer Of such arrant nonsense! The guam
tity of pork shipped 10 England must BE- inconsidoble
pery lte ichea ioouid be ipped from this corntryez-
ports v not incrsase-and NOT specie paying bonk do,
ing business ciI BE- found an the Unitsd Nsts! And
many people believed these stories IN 1885, and some.
they have indefinitely postponed the accomplishment OF
their croakings And this Abbott Lawrence soesto
England as the representative of the United States OF
America! ~