The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-03-21
COMMERCIAL.
Nrw Yoar. March 10, 1850.


NEW YoRK, March 10, 1850
The revolution which In lSi5 took place in France has,
up the present moment produced Of those reaxa
tons in the restrictions upon trade which In that country
more especially necessary TO the prosperity Of her
people, The most exorbitant taxe and the most unwar
ranabe Interference with the operations OF individual In
dusy and enterprise continue be esorted TO by her
eminent, even greater degree than under the most
stringent policy OF the OF kings The plea Is, the ne
cessy Of the 20 obtain all the revenue possible
and the paatable there as here pro-
lection Industry 10 robbed OF one-ha It's earnings
per the luxury of oce-hode and capitalists. and told that
IL protected thereby The French leaders seem to be
destitute of any ability comprehend those great economic
truths which eninenuy illustrated by the English
When the English fell short Of the
government demands and further taxes failed TO enhance
the product the of the failure promptly dscoy-
cred Industry. fettered by thousand restrictions was
unable TO pay much Those restrictions were promptly
removed Every weight tina paralyzed the arm ofindus
try under the absurd petext OF protecting IL was removed
and surplus from diminished taxes resulted The
free movement Of industry was enabled TO produce with so
much that direct taxes became sufficiently
prolific France precisely in the position that England
was In 1870. Her enormous taxes becoming less
prolific The additional taxes imposed by the reyolutona-
y government failed to increase the revenues and this
should have been prompt guide to her statesmen, Ii any
there were capable of understanding financial operations II
has however, been totally dsregarded and in the past year
of low prices for food and general revival OF industry the
French alone Of all those Of western Europe. have
$40 600 Those france less
the year preceding the revolution and the cause is
apparen while all other countries have made advance
toward free trade she alone has adhered to the absurd
OF past ages As single instance of her absurd policy
The crop Of United States furnishes the Of
world in four great divisions Wis Engand North Of Eu
rope, United States and France. The manufactures of all
these divisions entr into sharp competition in the produc
zion ofcoth Those which make IL the cheapest other things
being equal, command the market Germany removed its
duty upon aud with its consequent progress in the
manufacture, England compelled first to remove her
duty OF l2t per upon 1872, and
duties that her labor might be advantage
footing Of Germany In theUnited States cotton
Of course untaxed Now the German, the Englishman,
and the American with free cotton free eghs and cheap
food running with which the absurd Frenchman
contends by taxing his manufacture nearly per H.
the cotton He then taxes the cloth of other nations
TO compensate forcing his productive aborer, who
the goods pay all this from his earnings, and then
wonders that the internal taxes not prolific.
progress at ALI while the exports to Germany have risen
from 1000 bales In lS44 to 900 bales in lSl9 Ii the
French government would follow the English example
remove all taxes upon industry-all such as load the
articles of consumption and of manufacture with OPP
pressve cos-her industry would increase remove
very considerable extent, prevailing discontents, and
permit the remaining taxes to enhance their yield
The minister, M. Bots lie Compile, left here on Fri
day for Washington. He is very able and distinguish
ed negoator. He displayed great ability in charge OF
Ffench affairs at Turin, whence he was transferred
TO this country, in order TO make vacancy for Lu
Glen Murat pauper prince, to be provided for. II
Is not understood that M. Lie Compte has special
powers In relation TO commercial eaty--a thing which
would be in French diplomacy; but ordinary in
the part Of in southern welfare
could easily bring about such treaty would place
ships equal footing with French, and procure re-.
moval OF the cotton duty well as perhaps removal Ct
the tobacco rgs which bears oppressvey upon great
thern and staple. Unfortunately, however,
stead Of seeking extend markets and promoting the
welfare Of our productive interest," most contemplate
cab met continually producing hostile feeling by its petty
acenie speak One French minister has
home because Secretary, dislkng him personally chose
TO pick quarrel with him and his government He has
been replaced by able and the first duty he is call
ed upon TO perform Is the unpleasant OF demanding
satisfaction for French ships seized in San Fran
cisco for alleged violation OF petty house
regulation Instead of quarreng with republican France.
and insulting her ministers by the most patry conduct
OF decent capacity could taking advantage Of change
fairs In France long since doubled the market for cot
tom tobacco and rice in that country and much have
strengthened southern interests and national
When did England ever neglect such chance She is
always alive her national welfare. Her iron interest
being she In all directions promote H. and
hence the first OF her minister here is
suggest reduction of the duty iron, In for the
removal Of restrictions upon American shipping, food and
cotton The protectionist papers, with the most ridiculous
folly make outcry az ,nst Mr.. Buwer informed.
ding by making this demand. Did it TO
these wseacres that able minister, the late Henry
Wheaton, esq, by pursui ing the course, pro.
CURED at the Of Berlin removal Of the duty
ton reduction Of that rice and removal Of the droff
dasbass" In many other German govenmens-the latter
being purely internal upon the personal property Of
emigantsf No either here In Germany dreamed
that such conduct 'nsolent intsrmeddlng 1t
reserved for the Geeeys Dougases and Stewards make
the discovery In relation Sir H. Bulwer, and up
the howl as dscordant senseess The reduction Of the
iron duty would be benefit people well
ms to the English woud compel the production Of better
iron here, at cheaper rates.
The niux OF California gold Is becoming important,
and up this has the estimate, formed in
lation last year Thus In my letter OF May 1919,
rsmarkedi
"The product will be mt least 900 for the year
ending with February, when The discovery made. The
year ending with February 1850, viii have witnessed the
operations of great numbers provided with every possible
facility for successful operations and nj least Sl0O0000O
may be looked for while Mt the time the route be-
tween California and the United States will have become
better known and that portion OF the product cent to the
United States will increase In proportion"
The result shows that those expectations by
means too sanguine. The following compiled from official
reports, shows the receipts at the minis at different
periods
Receipts Of California gold at Umiied Stats mints
Ds,Y ph s,, s19 N odean' %, Teal ,,1 %
's' months s 'p~ ! I,ses4is o. sr5ois rs iu2se 50
'sy n ssss % ''ai s,7stss1 4seIsl 4a4i4s
1850, to March ID, :.
"A months 3gis4s5 ,2DoiS % ozSs0D w
Total s,s75,IOo OF IsoiI29 90 II, 47s 22s o.
The amount actually received at the minis exceeds the
estimate; but there Is ALEC considerable yet in
private hands probablv enough 10 make SIS Ooe 600