Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1850-12-12

cate questions involved 10 the existing
controversy there, render il desirable
that Il should be permanently and
speedily adjusted. The interests Of hu
maniiy and general commerce demand
this. and as limitations the same sen.
timents have been received from other
governments. it is hoped that some plan
may soon be devised 10 effect The object
in manner likely TO give satisfaction.
The government of the United States
will not fail by the exercise of all friend.
ly Offices, to do all in its power to put
an end to the destructive war which
has ragged between the different parts
Of the Island, and to secure to them
both the benefits Of peace and com,
merce.
refer you to the report of the Sec
rotary of the Treasury for a detailed
statement Of the finances. The total
receipts into the Treasury for the year
ending 3Oth June last, were S47,42l,.
7s4 90. The total expenditures the
same period, S43,O2l $50.
The public debt mas been reduced
since the last annual report from the
Treasury Department s46,527, ESQ.,
By the 10th Section of the Act of Goth
January, ls47, the proceeds of the sales
of the Public Lands were pledged for
the interest and principal Of the public
. debt. The great amount Of these lands
subsequently granted by Congress for
military boun,ies, will, il is believed,
very nearly supply the public demand
for several years 10 come, and but little
reliance can. therefore, be placed on
that hitherto fruitful source of govern.
ment revenue.
, From the permanent annual expen-
ditures which have, necessarily, largely
] increased, portion of the Public debt,
-, amounting 10 ss7. sos, $50, must be pro-
vided for within the next two fiscal
} years. II is most desirable that the &C.
cruing demands should be me, without
} resor,ing TO new loans.
All experience has demonstrated the
} wisdom and policy of raising large
portion Of revenue for the support of
Government from duties on goods i'm
ported. The power 10 lay these duties
are uLqueslionable, and The chief OBJ.
ject. of course, is TO replenish the
Treasury. Bnt If, in time. an inciden-
tai advantage may be gained by encour.
aging the industry of our own citizens,
it is our duty 10 avail ourselves of that
advantage.
A duty laid upon an article which
cannot be produced in the country such
as tea and coffee adds 10 the cost Of the
article, and is chiefly or wholly paid by
the consumer. Blu, a duty laid upon
an article which may be produced
here, stimulates the industry of our
country to produce the same article,
which is brough, into the market in
competition with the foreign articles
The importer is thus compelled to re.
duce the price at which tho domestic ar.
ticIes can be sold. thereby throwing q
part of The duty upon the producer and
the customer at home. The conse.
quence of this is that the artisan and
The agriculturalists are brought, togeth.
er, each affords ready market for the
produce of the article. The whole
country becomes prosperous, and the
ability to produce every necessary of
life render US independent in war as
well as in peace.
A high tariff can never be permanent.
1t will cause dissatisfaction and will be
changed. /. excludes competition, and
thereby invites the investment Of CAPT.
tai in manufactures 10 such excess that
when changed it brings distress, bank.
ruptcy and ruin upon all who have been
misled by it's faithless protection. What
the manufacturer wants ia uniformity
and permanency, that he may feel
confidence that he is not TO be ruined
by sudden changes. But to make
tariff uniform and permanent, it is not
only proper that the law should not be
altered, but the duty should not fuciu.
ate. To effect this, all duties should
be specified whenever the nature of the
article is such as TO admit of il. Ad.
valorem duties fuctuate with the price,
and offer strong temptations TO fraud
and perjury. Specific duties. on the
contrary, are equal and uniform in all
parts and at all times, and offer strong
inducement to the importer 10 bring the
best article, as he pays no more duty
on that than an inferior article. ]
therefore. strongly recommend modi.
cation of The present tariff, which has
Frustrated some of our most important
and necessary manufacturers; and that
specific duties be imposed, sufficient 10
raise the requisite revenue, making
such discrimination in favor of the in
dus,rial pursuits Of our country as tend
to encourage home production. without
excluding foreign competition. 1t is,
also, important that an unfortunate
provision, in the present tariff, which
imposes much higher duty upon the