The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-08-25
P.r,l.llx un.a..,x,nx,

Partially Usmaslsingt
The partisans Of General Taylor would not permit him
to declare his principles il he had any. during the
paign-with two exceptions; one that he would be a
nopary President. which he has grossly violated and
another was that he would virtually surrender the veto
power; although Truman Smith has since attempted to
influence the election OF Congress. to bring in
majority OF wings, and let him carry out his own meas
ures. What opinions he had formed of a bank, sub
treasury, tariff, &C.. &C., If he had formed any,
carefully concealed behind mpenerable curtain But
and then see glimpses Of revelations; and
he will turn out as Mr.. Clay called himself tbe other
day. that 'same old coon"-a whig. and an ultra wing
For instance, at Pittsburg he surrounded by the
manufacturers, who selected his visit as the period of
stopping their.works and, the Pttsburg Post says
"made the old believe that it was scene OF ruin
produced by the tariff of '4e" He was SO borne down
by their specous sophstry that he declared himself in
favor OF permanent protective tariff with the nostrum
OF specific duties. &C. and raised war-whoop agains,
the tariff of 40.
The Ptsburg Post retails from the Pittsburg Amer-
can (whg) ofhe 2Oth these memorable revelations from
General Taylor:
owners in Western Pennsylvania in tho city, were in
toduced by Governor Johnston the President who re-
ceived them with the greatest cordality The President
made minute and particular inquiries into the state and
condition Of the iron trade all Of which were clearly and
fully replied TO by Messrs Myers Kerr King, Black and
others. The President IN the Of the conversation
expressed his decided dsapprobaton of the present tariff
utterly inadequate to the protection of which
demanded and said that he considered the change from
the tariff Of 1912 that Of 1916 many valua
BILE interests in the country and particularly that Of labor
that what we required was specific not ad vator duties
that these latter left nj the mercy OF the markets in Eu
rope, gave protection industry here when
cd and denied when we did He said he in ia
OF system that would promise psrmanency sufficiently
high give reasonable protection the industry of the
country, but not high to amount exclusioa-he
would 60, he said, for that Some here remarked
that he supposed the South would oppose any tariff
lection northern labor. portion the South the Pesi
dent replied would kick at ii but he added, 'Dho cares p
This conversation for it parook of of the character
istics of speech, removed all doubts from our mind
the Presidents views the tariff.
Who cares for the vindication OF free trade Who
cares for subjectng the great body OF consumers where
ever they are found, to the mercy OF the few overgrown
capitalststhe knights of the shuttle and the forge
If the West also sympahze with the South, she
ly does and she too protests against the expressions Of
the mondposts, Gen. Taylor may in like reply
with equal nonchalanee, "Who caresm Every step
which the Hero takes in civil affairs only confirms his
character for bunders and nexperence. He is evidently
no statesman; but the manufacturers adroty playing
their cards, awaiting themselves OF the opportunity of
impressing his mind with false notions, and getting him
committed by open declarations in the support Of their
own interests The Pttsburg Post truly remarks upon
this remarkable conversation
Ii any evidence wanting that the visit of the Presi
dent Pennsylvania is exclusively political affair, the
above will surely supply it, Hero it will be that Old
Zach has surrendered" the high protective tariff eder-
asis Pennsylvania He has given judgment against ad
paorsm and in favor of specific duties-against the tariff
1876, and in favor of the tariff Of 1872 We longer
mistake his position.
and all the OF the county-upon the advo-
Gates Of sound principles and the friends Of free trade
/" Forewarned," let them be ''forearmed."
This is one sign which should rally the republicans to
their banner. Another is the clamor which his organ,
the Republic, is raising against the subtreasury This
sort Of argument is completely cut up in the following
article from the New York Journal Of Commerce.
The SuB TREAsuRY-The Washington Republic has an
article Two every day about the apprehended loss of
SIS 900 Of government money by Mr. DENLY United States
Osborne, OF Richmond Virginia. We are quite willing
thai every such m or loss should be exposed in all
Blame there must be, perhaps in more places than one
the sare,ie Of The delinquent and II fraud or vahy ean
be proved against any OF parties let them suffer they
SO far respond the sentiments of the RpIbc Blu,
when seeks, on so narrow basis to build Argument
against oil us OBJECT entirely We
know Of no way by which money be drawn from the
treasury and applied to public Objects without being passed
through somebody's hands In this respect the subea.ury
system does differ from that which preceded IT, Il
be better guarded, or IL may not One losses have
occurred since went into operation, through the unah
funess misapped confidence OF agents, and many oc
CURED before from the same Here, then, Is no
ground Of Boosting either side Under any system
ceving and dsbursng officers must be employed; and
der any system Of them may prove dishonest
compeent Under any system the suretes may be found
insufficient, xc.
be guarded from loss in other ways The great
Of loss, under the old SYSTEM the depreciation OF bank
and the failure OF BANKS These entirely obviated
under the snbtreasury system. The oil the public
loss from these sources will be by the following
ment derived from report OF Judge Woodbury. then
compliance with resolution OF that body, the lth OF
February, lS4l
Loss estimated by the Treasury Department
the de probation Of bank notes received
prior 1881 $1,000, 600
Loss appearing on the books OF the treasury
by banks as repositories, prior to 1881 100000
Los, estimated sy using banks as deposit ,oo oOo
Loss estimated on bank notes taken, and not
redeemed prior TO 1887 $1,000
Loss estimated on bank taken, and
redeemed since 1887 10000
Aggregate 66A,OOO
Computed interest on do. to 1871 S,SI2,0O0
Total loss to the people by the OF banks
and bank notes for government purposes 1b,f92,OO0
Now we submit that in order nake good its Argument
from experience, against the subreasry SYSTEM the Re-
public should exhibit losses under IT, bearing OF
proportion the above, king into view the length Of time
during which that system has been in operation and the