The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-05-31
Prosperity or the Reaubiic-Exhunation
CT the Tariff.


Prosperity or the rrnation
SE the Tariff.
The cabinet of General Taylor, with their organs
aud undcrsirappers, have been making very lu-
dicrous effort for the last few m,nJhs 10 raise from
the dead the old tariff discussion of old party times.
in order to cover up their nepotsm, their corrup-
tons their Galphin robbery OF the public treasury,
and the other folles and wickedness which
they have committed during the last year Judas
lscarioi, after having betrayed his Lord and Mas
ter, might as well have tried TO raise the dead, or
make the lame walk and the blind see. 1t is,
however, amusing TO witness he ludicrous efforts
of these imPotent and ignorant politicians, in at
tempting fnch an object
During the last year or two, perhaps no country
has ever exhibited such growth in prosperity, in
all its manufacturing, agricultural, and commercial
affairs, as the, United States has done. Since the
termination of the Mexican war, aud the discovery
OF the gold mines in California, the commercial and
Other enterprise Of this republic have outstripped
sl exhibitions Of past times, and of all historical
records Every element OF our national wealth
has been ective and prosperous, with the exception
Of one or two branches Of MANUFACTURES, in certain
localities arising from isolated causes, which no
general prosperity could provide for or prevent.
Yet, in the midst of this wonderful prosperity, we
the cabinet and lis organs endeayoring TO alarm
the country, and declaring tina; are on the verge
of a terrible revulsion, and frightful scenes of
commercial devastation. Harvey, the cabinet
letier-wriier of the Courier and Enquirer, igno-
rantiy picks up few isolated facts, and
puts forth his absurd predictions to the world. Mr.
Hslock olthe Wall street Jol,ral Of Commerce on
the other side Of the question. endeavors to justify
and eucidae the operations ofthc present tariff and
10 show that the interests ufhc country are at present
Aouri,hng; while Greeley, on the other side, seizes
few isolated ficts-a small section of solitary
ideas, and, in his usual way, erects a wonderful
theory one leg, without the boot on il being
either cleaned OF brushed.
One the principal facts put forward by these
visionary philosophers in favor Of their predictions
OF universal bankuptcyu the tariff be raised
is the great mpoi. Of foreign goods, at this port,
over n, amount OF exports. MIR. Hallock, Of Wall
street, who seems 70 have merely an intellect ca
pablo Of taking in but small sections Of any
particular subject, blunders and labors TO ex-
plain and controvert the only fact on which these
tariff philosophers predict the reyulsions that they
expect in a very short time. Ii our commercial
readers want to have a foil, comprehensive, AMI
truly philosophical explanation Of the present con-
diuon OF The country, its wonderful prosperity, and
the singular Ignorance cf The cabinet organs and
undorugWeTs, as well as the Wall stree, defend
els on the other side, they will find this subject
discufsed in our money articles. day after day. 1t
will be feCn there, ia the most comprehensive
nanner that the assertion put forward by these
one-ideed economists, that The nation is running
into foreign debt at the rate Of hfty millions per
annum is utterly unfoundeI and contrary to the fact.
The acquisition Of California with itsvast resources,
10 this Union, has given an impulse to its commerce
srd iis trade, greater than that which the United
States has experienced since The fret settlement
Ct he country. In The last year alone. 1t is very
potable That q impulse has been equal TO one
Third Of ihe usual amount Of exports and Inn, ports.
Embracing The foreign trade ca Che Atlantic and
Peoic coasts, IN connection with Europe, II is pro-
bsbe lhat DO country il less ia debt TO another
than the United States -. at ihe present momeat.
70 England, or lhe whole ol Europe. The imports
and exports Ct an kindi the gold dust from the
Pacific sLoges Included, nearly balance each Other
and Produce tle Tl,sen. property and success
thrcu-hcltgl cur avenues Of Industry.
This D. tue and comprehensive view Of the
Ticstt condition &C ihc country, ia al i;s elements
Of uir.u,--a view which thc in,rllcca Of Hal.
lock, oi Greeley. or Harvey, seem TO be utterly
unit TO iske into their Intellectual vision. The
same principles viIl ~. ain end s,t in the clearest
light The reason Why the manufacturing interests
of th, Middle and Eastern SjltCs. under bad man.
aremcrt ~ certain branches. have been com llaiaed
81. cor the tss, fcw months. We alld. Co the iron
Interests cf pcnusylvau and thc cotton mlnufsc-
tories Of Ma. chusers. The completion of tho
railroad s5stcm IN England. and the dimnuton OF
the demand ter railroad iron In Europe, while is
former demand bad increased the minuilcturers,are
the causes Of the present s;agnaion in this country
This is. however, merely local and temporary.
TIE little depression in the cotton manufactures
at tAe East has ciisen evidently fiom bad manage
ncni, the rise in the price Of cotton caused by
short crop. and the addition Of forty TO hhy new
Ssieblislmcn during The last nine months in
she Southern States. where the factory system is
highly prosperous and femuncratiye Such is the
present condition Of The country, in ovr view and
our money articles enter more infinitely into the
details Of the fcts exhibiting the extraordinary
prosperity 10 which all the interests Of this country
have been moving for the last two years, under
the present monetary and revenue systems. and
the great California movcmcn, included. Every
other fact and indication concurs in the same gene
raj result, and in the same comprehensive view.
Our commercial cities and towns were never more
prosperous; buildings are going up in every direc-
tion In this vast metropolis; merchants. travellers
apd men Of business are continually crowding into
cur hotels. by thousands and tens Of thousands;
bcnks are conducting their affairs on the enlight-
enea principles Of prudence and enterprise com
aned the general manufacturing, agricultural
and commercial avenues are all prosperous aud
active the foreign trade of this country was