The Arkansas banner., 1849-01-23
IFFsm tho Bossoa staiesmaa.


 tFtom tho Bosfoa Statesnas nepest q ths secretary of the Trsasary. Our columns gre chiefly occupied to-day with the brilliant and eompfehensixer ofthe SecIe- afy of the Tsszsury. ItfsanO,her of those remaEka bls stxie papers that have characterized the admin issrafion of Hca Robert ]. Walker. To say that Ihey ase sll of them eloquent able. ingenious, were indeed faint praise. They indicate thorough study of the theories oi finance and political economy com bined with proper application of them 10 the facts of the dsy It s in every respect proud document. as well f0r the iBdefaigabte author for his eoun try, ahd we trust democrat will oEii to read Il On account of iis length A dry abstract wond fail to to it justice. eomaAena the whole of Il to our readers as one of the Host splendid state papers that ever emanated from the seat of government.
 Prominent among the questions discussed is ths, of the tsriH. Results presented, facts and figures that the proteetionisis cannot deny evade. The iaw ef is46 as revenue me sure, exceeds the aotcTpatioEs of its friends and mockS the caIeuls liens Of Is enemies. This is the law that Senator Evans objected 10 because II would have ruinous influence on the public credit and he demonstrated 10 the entire satisfaction of himself and his party. that # could yisl1 revenue enough 10 meet the wants ot the government; and Daniel W ebster, his coequal m 6naneiering. endorsed with high sound Ing praise his figuring. The fact IS that the law has yielded an average of SEVEN MILLIONS OF DOL annually than The whig tariff of l542 did To reward The Senator for bis pains the whigs now urge his appointment as Secretary ofthe Treasury. But MT. Walker no, only triumphsntIy vindiea,es the taTiH of lS46 but turns tbe tshes on his opno- nents and slows how the tariff ot lsl2 would have crippled the commerce and revenue of the country. Ihe Nbigs vii do vel to examine this part Of the Fspest with unusual caEe-esPceisliy oHr ship owners.
 Another great sutisct mos, brilliantly presentsd sae earct nf the acquisition of the P4c.Ec coast. 70 our commerce. Commercial men will do well read fhis part of the report if they read nothing esse. The prospect presented of the Ia,ure-of the hrnf Nk.~Ns
 tne Pacific with the Asisiic naGons--is dazzling out not beyond what wiii be the reality. The sec tetafy regards this acquisition as dessiped to ad- vance more rapidly our greatness. wealth and pow .,. .nsn ~ any event thai has oeeured since the ad1 uon Of the eonstitufisa. Take, for instanee, the eonntFy Of Japan, cf hsty millions Of peo,'e, who will hs separated but two weeks by stsAiu nayiga- uoo, From our western coasts. The "hoie foreign n. nsae oi tns nation is now neary confined to two OuIsn vessels. Persevefing ssd peaceful efforts VIII result in reciprocal treatts, which will unlock country.
 The subject of the public credit occupies con- sPieuous place in ais report This sill do 10 point 10 with gTatfcaslon and pride at home and 10 send ont to other tations answer 10 such Iibesrs as Sydney smith and Alison and the whole tribe of Torres Wno never feel better than when they are ningisg stones al the American democracy. The repsrt does not contain particle Of jubilant wri- tng. Il, calmly points 10 what the country has done m fhe way Of discharging Indebtedness as Pieoge or what II Wiii do m future. Such has been the regard Of the American people for goo,l iath shat however severe has been the trial. they have paid the debts Of the Union however large as they i~ due The secretary refers 10 his tables as fol- lows:
 "A fable certified by the register oG the treasury .hereto annexed. (narked NJ showing our popn- iaon rom l790 to the present period of every year. onr debt; our receipts from loans and treasury notes our revsnhe each year. exclusive of loans and irea- ary notes as well as from these loans and notes . and the principal and interest of debt ra each year. ss well as the total amount It is an oficiareeord when every American may read with pride and sstfsfsefion. It shows that whenever I was neces- sary to pay the debts and sustain the honor of the country, the people cheerfuIiy submitted not mere " 70 dHtrs on imports. but to drec; taxes and ex- etsss to the amount Of many millions of douars every yeari and that even when our population was sparse and our noneyed resources extremely limited the debts os the country aInys punctuallv dis enaFged after the adoption of he constitution. both principal and interest. al their maturity,
 Where is tbe nation that can tack up such signs board as thiss s
 but we forhsar further comment On this elaborate aoeulneat T. is all over Americ n, and worthy of me distinguished authof. Fhe wings may neglect u, or carp al T. bni they cannot refue i while in preparing tt Mfr Walker has established new claims on the democracy of the country.