The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-05-31

ybe system at which the above remarks levelled
of resortng all kinds Of speculative plans to initiate
the prices Of certain stocks with view IL alleged
to benefit the company, by borrowing money
upon favorable terms, is downright, unmitigated
haud-is productive Of vest evl-eauses losses
10 ia those bat poorly able TO afford them, and
is in our judgment, to be eensursd than thou
sand acts Of crinirauty for which many poor
seIt TO spend weeks and months at the Tombs, on
Ilsekwens Island, In commenting heretofore, upon
these matters have not called things by their pro-
per names; but, hereafter will remedy the diff
Guilty. There is but one proper way to do thngsand
that Is easily undorsto
The debate in Congress the tariff, has already
eoEmcneed,srd expect 10 whole columns of
absrdltes in the Washington papers from the most
profound advocates ana opponents Of protective tariff
The ground viii be beaten that has been often
beaten before and the Oldest and salest arguments
will be advanced both sdesFI would be well for the
country large and every important interest in IL
IL Congress could employ itself in almost any other
way than this continual tinkering Of the tariff, and
frequent changes ia the financial and commercial
policy Of the Applications are continually
being made Congress by petition for alteration
in the tariff for increase IN tie of duty upon
some particular article; for aid from government
to sustain some particular class or INTEREST," and we
therefore, continually in unsettled state
earus tHcSe Two departments OF the government.
Is a tariff perfected passed and put in opera
ton than complaints runs tar and wide thai it 3
calculated to ruin this class and that class, that
the system Is defective, and that the Treasury is
deauded by false invoices and by false swearing That
most of cur merchants set of swinders and per-
jurtd scoundrels and that foreigners are draining US
Of best resources, and rushing headlong to
ruin The failure Of few extravagant incorporated
manufacturing mpanes, through the ignorance aud
mismanagement OF those placed in charge Of their Affairs
Is considered by the advocates Of protective tariff the
best evidence the world Of the defective nature ofhe
tariff in operation aud is made the basis of all argu
,Dents against it, These superficial legislators look no
and that mary manufacturers have been compelled to
work short time and reduce the wages operatives and
they bring all their batteries against system
that is in their minds the Of the whole diculty
The idea appears to have entered their heads
that want of knowledge, wrong calculations compe-
ttion at home and hundred other causes have acted
much, more, upon the prodactiveness aud pros
pority Of all domestic manufactures any policy
the government may pursue in regard to commercial
affairs. They seem to have thought for q mo-
nent, that the currency of the country exertcd
greater influence than all other combined upon
the manufacturing and every other interest of this
country any country. For the purpose Of Illus
trating the truth of this have CON piled the an
nexed table, showing the Imports and aggregate bank
movement of the country at several periods
IMPORTS INTO BASkISo MOVEMENT THE UNITED