The southern press. [volume] (Washington City [i.e. Washington, D.C.]) 1850-1852, 1851-07-19


Prosperity II ths Uaitss states.
The London Times Of the 4th Of June last,
comments a. follows:
"The prosperity of the United States Is 80
intimately interviewer with that Of this country,
that the extraordinary increase offederal REVENGE
will be regarded as a piece Of domestic good
fortune. Their revenue is increasing beyond
all anticipation. Eighteen months ago. says
this article, {" the then Secretary Of the Treasury
warned his fellow-citizens that they must make
up their minds to additional duties on imports or
| a 10 ii of Bl6,O00000 lie leaat 10 the former
alternative and there ensued no little cbuckling
! in this country at the prospect of our own lib
eral measures meeting with This scirvy, though
perhaps unavoidable, reqnitalv
q Six months ago." Gays the Times, the rev.
enue was so promising that the present Secretary
advanced his predecessors calculations from
$32O00,000 to $45,000,000"
+. II the current quarter produces only AZ much
as It did last year, the total for the year ending
the 3lst instant will exceed by $3,o00,000 Mr..
Corwin's estimates made last December In this
case no loan will be required. As for the other
alternative Of additional duties upon imports, it
has been already disposed Of in Congress-"
at is no empty compliment but literal
| truth, that this fourishing condition Of the
United States revenue is as great blessing to
us az an equal excess in our own revenue. For
all practical purposes the United States are far
me re closely united with this kingdom than any
one of our colonies; and while these communi
ties are colonies in name, but in reality either
prisons, garrisons, or independent communities,
the United States keeps up perpetual inter
change Of the most important good Offices TAX.
ling our panufactures and our surplus popula.
ton, and Giving US in return the materials of in.
dustry, of revenue and of life.
i There are no two countries in the world, be
they ever so adjacent. where afrest in spring. or
ia blight in autumn, speculative nanin or d
! commercial collapse, a false opinion or an un-
wise enthusiasm, in either of the two, so imme-
diatey and certainly tells upon the other. The
relations between the parent and the child,
separated ne they are in politics. are as un-
paralelled in their intimate nature as they are in
their enormous extent. In the present instance
the American revenue renders It unnecessary to
put any additional impediments on the COM
merce Of the two countries. The American citi-
zen is not to pay any higher penalty than he
now pays for the use Of British and other for
eign manufactures, and the Englishman is not to
suffer corresponding check on his trade. II
we 60 further back in our inquiry, we find that
this mutual advantage arises in great measure
| from the impulse given TO British and American
enterprise by the repeal Of our corn and naviga-
ton laws. Looking forward, the prospect is
more Oh ering. Before many years the federal
debt will probably expire, and with it the
greater part Of the import duties. That they
will wholly expire in the present generation is
too much to expect; for, economical as the
federal expenditure is, it will hardly be met by
so scanty and precarious a fund as that from
land sales
g The commercial philosophy which adorned
Mr.. Corwin's report last December, and which
was received with rounds of applause by GER
tain parties in this country, has been sinpularly
unfortunate. Ithas been rejected by the legis-
lature to whom it was addressed, land it has been
discredited by the result Of the next six months
So far as the federal revenue is concerned, there
is now absolutely no pretence for additional du-
ties, or for any more stringent rule of assess
ment. As for protection, the Improvement of
the revenue under the system which Mr.. Corwin
denounced as injurious to domestic enterprise is
itself sufficient reply"
|. aThe customs of the United States for the
quarters ending March 81, l847, l849, 1850 and
1851, respectively, were $6,300,000, $S,347,-
728, 81, 500,114, $14,448,397. Whatever the
condition of one or two branches of trade, il is
evident that as a whole, the Union has -four
ished under liberal tariff. The produce Of the
land sales, meanwhile. has advanesd from $240,-
900 in l847, TO S827.076 in 1851. The popu-
ation Of the Union has increased with rapidity
which might excite surprise, even in small and
infant State; and the facility with which the
! Union has absorbed, employed. located, fed and
housed million immigrants within tho last five
years, is even more remarkable than the unhap-
py circumstances that have driven them from
these isles. Not twenty years ago, the most en-
| lightened men in the Union could not con-
template, without serious mis-giving and some
talk of actual resistance, the annual arrival of
some 10000 British migrants. The Union now
halls with welLgrounded security and sstisfac-
ton the arrival Of that number every month In
the year. The most magnificent schemes are
founded on the hope Of combined emigration
at an equal rate. migrants are to people the
sides Of the New York and Erie railway Just
completed; and railway, dependent on like
support, Is now planned right across to Califor-
mia! What has so great and growing countr,
to do with protection What has giant to do
with swaddng IL the strength and
greatness of the Union coneist in is numbers,
its territory, It's command Of the necessaries of
life, its communications, its cities, and its free
dom, how can these be promoted BY taxing the
many for the sake Of the few, and by sacrificing
u
some manufactures in New York, and one or
two other States The question. however, we
believe to be ms finally settled in The United
States as in this country"
A Partisan pen gives the following English
event for history
Atihe recent races at Ascot, the famous horse
Tiberus broke his leg by bounding against one
Of the posts Of the barrier, while preparing for
the race. His owner, Lord MiIIbank, lost ten
thousand pounds in the bets upon him, besides
his value, and Others lost heavily, the law of the
course being. that all lost bets shall be paid,
whether the failure 10 win come from accident
OF less speed
Three days Afterwards, Lord Millbahk gave a
very sumptuous dinner. The most distinguished
Of the English peerage were present, and the
conviviaty ran high. Towards tho close, the
noble host arose in his place, and proposed to
drink 70 the departed Tiberius. II was clamor-
Ill a I,t