The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-03-20
The Secretary OF the Trcasury's Report.
70 the Editors of The Union:

PHILADELPHIA, March II, 1850.
AS the period is drawing near when the necessity may
arise for the discussion OF and action upon the report OF
the Secretary of the Treasury had prepared Tor the
Union exact analysis OF the report showing that the
estimated decit will not certainly come upon US as
TO warrant loan OF the credit OF government TO the Tor
eign moneychangers in time Of peace showing also
that the falling off of the revenue for the fiscal year q
1851 and also that or the major part at least estimated
for 1850, current may not occur but am deferred IRON
doing so at this particular time as i may Tor any useful
purpose be premature, and for the additional reason II
would tax too great space when your columns are pre-
occupied with important debates upon the absorbing sup,
ject before Congress. When opportunity should
be offered, feel confidence that the syllabus will
bear some degree OF criticism, and prove that with an
economical pains administration, our finances can
be safely transported over this PERIOD without leaving
the at the ultimate period taken in BY the treas
ury report and that too, without increasing our public
debt; leaving sufficient balance OF current ayas to
meet ordinary expenditure, but not enough admit, to
finish the diplomatic education Of the Presidents Secre
tay OF State. Leaving the syllabus to speak ior se1
when the period comes Tor the discussion, will, ad IN
term, close this communication by marshalng up few
general interesting facts which the investigation mas
developed, striking the mind forcibly and encouragngy
as they do.
der the act OF S46 nearly balanced as to stop the
leak in our foreign exchange rates. always heretofore
favorte honey comb" for the great ally OF whgery the
money dealer on large SCALE
Another is the increased amount OF exported domes
tic manufactured articles; shedding, this fact does,
flood Of light upon the true path to BE- pursued oy he
and profitable markets OF the ENTHUSIASTICALLY the
manufacturer of cotton fabrics who already begins
to discover the fallacy of home market, wherein,
though he may manufacture enough to cover the whole
face OF the country he cannot manufacture human backs
them, and may be crushed under the wheels OF
home competition, from which no duties laid ON imports
can rescue him.
Another is the increased amount of government reve-
which the act of 1915 has yielded beyond all expec
taon; and that too the face of the extensive list OF
free articles in reserve and the presumed frauds by I'M
deryaluations.
Another is the security this yield gives in maintain
ing our present reciprocity treaties, which these large
extend, when the hand OF free trade is offered to us by
other nations not now recprocating with us.
Still again, The steady and rapid increase, beyond all
former precedent OF navigation outdoor interests,
shows conclusvey that low Duties by taking the
weights from the springs of Commerce, enables her to
expand her wings and wait our products to the remotest
markets.
Yet another fact is developed in connexon with this
last, and very striking nameyhat though the general
average OF our present tariff duties is but small figure
above the smuggling points, the principal part OF our va
rous manufactures, inteaded TO be projected incidentally
appears, so, particularly those OF strictly mechan-
ical character.
These subjects of national interest and advantage are
most prominently developed by the report OF the Secreta
ry and the statistical pages accompanying it, but strange
TO say, they not brought forward prominently in the
argument and conclusions which make up the volume oil
the report would be unnecessary TO refer to them in
communication to the press, as they would, II pointed
TO emphacay in the report OF the Secretary, become
familiar and my thus alluding TO them being they
me from the anahemas OF the wing press, and save me
from the mpuation OF being enemy TO the great in
sutons OF the county, as the slang OF the day has IL
A. & o.