The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-11-25

In announcing the deficit in the treasury, lately pro-
claimed to exist by the Secretary Of the Treasury through
the organs OF the cabinet published in this city, the
New York Journal of Commerce. Of the most promi
nent and powerful advocates Of the election OF General
Taylor, makes the following forcibe and timely CON-
ents II will be well for the cabinet to take heed OF
the words Of truth and wisdom which of their own
friends does not hesitate fankness and candor to tell
them:
From New York Journal Of Commerce.
The po,ectonsis may make themselves entirely
any prec paie modification Of the tariff majority of
the members of both houses, have doubt will take
sufficient time understand the of this deficit,
Called and whether increase Of duties protected ari
ces would be likely increase the revenue diminish it,
The experiment Of the new tariff under last adminsta
toa showed decided increase Of revenue, compared with
the tariff is42 and fortunately there chance for
LITIGATION this head stated in the annual report oil
the Secretary Of the Treasury last December and will not be
denied that the net from i'm pos during enIre
operation tariff of 1872 Wis four years and three
months al0l 554 $685. Of POS
whereas, under the tariff, from lsi December,
1885, when went into operation TO the Both June, lSis
500 t63 10, S30902 40 per
num-showing an average annual increase Of revenue
under the ta compared with the Old OF 81 007 PSI
II very clear therefore, that the present 10 insult
6cient, the tariff Of 1912 is the way in
IT,. That was highly protective tariff the present
is called tree trade tariff though il is far from being in
fact IT, however, an approximation towards free trade
concInds that still further advance in the
direction would add still further the revenue At least
II Is more logical conclusion than the opposite.
IT. under the present administration, the less
than IL under the last with the tariff la opera
ton, win be Of interest ascertain the
II cannot be the lad valorem principle" for that
was In operation during the last years Of Mr. Folks admin
sration, and did prevent very large increase
that of ls42 in which specific duties predomi-
mated IL the nd valocm principle is "a fraud. the spe-
cfc prncpIe be still greater one II any conclusions
be drawn from the pecuniay results OF the sys-
tens
Another thing Is be noted, viz that less than five
months OF the years. during which this alarming deficit
Is to have yet elapsed that in the main, the
Of deficit Of 10 or 20 millions in the years
Is e else than PREDICTION by the enemies Of the present
tariff The men predicted when the tariff
passed into law, that the would fall far below
that OF the tariff OF lsi2 The result proved them false
prophets then; we trust IL viii do so now.
IT. however, 1t be fact (Which do beleve) that
the present is insufficient
penses and interest the public debt together with
respectable surplus 70 be applied annually towards the
tnc,ion Of that debt the obviously proper IT, inn
duty some Of the articles which pay
duty at all An increase Of the duties the present
BILE articles or many OF them, would diminish the
instead Of increasng H.
The Disguise under which this alarm for the and
prospects Of yelled thin deceive
body. Better out frankly and say, I'VE
protection the few, the expense Of the many The
magnificent fortunes realized in four years under
Of 1912 do satisfy the recipients they wish have
further laid upon the throughout the country
for the benefit Of themselves aud their children" Silly
politicians Strange you do psrosiys that tina day
ultra profession, in this county at least Is past and gone
forever England pressing still strongly In the
direction. Even Spain, Mexico, and Austria, the ps
Of pro,econss beginning relax the rgo sys
TEN, finding that leads TO the destruction Of
and gcn eral ruin.