The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-06-20

and OF our great commercial prosperity seems not to be
palaabe TO some Of our whig friends We have before
us wing journal which is evidently much displeased
the remarks Of the English paper
Had the London Times been justified by the facts in
giving account OF commercial distress in the United
States, we have no doubt that wing friends would
have hailed the account with infinite Joy and sasfac-
ton, When the bill OF 1916 went into opera
hon. and when the independent treasury became law OF
the land, wing monopolst politicians foreold ruin with
an eager earnestness which gave that they
would hail public embarrassment great political til
umph No one have forgotten the evil iorebodings
TO which have alluded. the sedulous efforts made
by wing presses and whig statesmen TO show that ruin
had actually and absolutely upon But unfor-
tunatel for lhem ruin though summoned energetcay
would not The spirits which they called from the
vastly deep obstinate. and reused to make their APP
pearance. The admirable operation of the independent
treasury put to shame the orebodngs OF federal nancers
The benefcent effects of the tariff perpexed and
annoyed wing statesmen. First il was said that ruin
would not visit because there famine in Ireland.
and that our not destroyed because OF
mere temporary which would soon disappear and
leave max ed and bankrupt, and without currency
But it seems that the independent treasury and the
They brought prosperity The year OF famine passed
away, and still our exports enormous, and
enues derived from imports increased rapidly A war.
requiring large specie disbursements in foreign country,
was brought to an honorable termination without giving
shock TO the currency Besides, while we were con-
Quoting foreign war, while were feeding foreign
nation. the States OF Europe shaken 10 their centre
by internal connections. The spirit Of revolution was
abroad throughout all the commercial nations OF Europe
Even England felt the shock and for time her
mercal and financial interests shattered by it. I'M
der wing system would have felt the shock
soon it felt in Grea, Britain. Under such
system there would have been no electrical communi-
cations the Atlantic, but there would have been
invisible lganens, sensible the wires of the ele-
graph. The commercial revulsion which followed the
French revolution would have produced corresponding
effect in this county; but, under the admirable working
of democratic policy the European commotion passed
away, as harmless as distant thunder
But, notwithstanding these things, the whig party,
which obtained power BY proiessed abnegaon of It's
creed is firmly welded TO monopoliss, and SO bound
to class legislation be FESTIVE yet under those evil
dences of prosperity which are always condemning its
blind counses and blasting its u1Satrioc hopes This
feeng-if that word be better than prejudce-has not
been without its effect the highest officers Of the
present dynasty. Mr.. Meredith. while Secretary OF the
Treasury-maddened, we presume, by the idea that
the present tariff was g an insult to Pennsylvania"
refused 10 any virtue in it, Although that meas.
ure rapidly augmenting our revenues, he could
be brought TO believe that there was any virtue in
IT, He accordingly made his estmaes-predicated on
failure Of the commercial system-by which he sought
to demonstrate deficit OF slsooO,oOO. The deficit was
like ruin-t refused 10 come The revenue persisted
most obsinaely in going beyond the Secretays calcula
tions-calculaons which democrats predicted would be
far low Mr. Corwin followed in the footsteps of his
llustrious predecessor He, too undertook to demon
s,rate deficit in order TO make good, firm, and sub
stana basis for argument favor of increase OF
the tariff But that the laws of trade have no
more respect for Mr. Corwin than they had for Mr. Mer
edith According to the last accounts Mr. Crrwn's de-
felt will fail to make its appearance. The official state
men already shows increase, emitting Oregon and
California, OF more than seven millions the
pondng months OF the last yearsn increase which must
utterly anihilate MIR Corwn's hoped-for deficit
II is often that the wish father to the thought"
Any one who has no, been an inaen,ve observer of
passing events must have been struck with the eager de-
sire manifested by the wing press and the wing party TO
show a 0eDclency IN our TeVeHuer, W On
terrible evils 10 flow from specie export 1t may be
deemed strange but il is less than strange, that
the whg party is in the hands OF monopoliss and money
changers 1t cares nothing for the people, for j,
stranger TO the people. With ii, the welfare of the
people is altogether a secondary consideration. Its
idea OF public prosperity is nothing than the pros
perity Of corporations and monopolies We not,
therefore, surprised at seeing article in foreign jour
nal which makes mention of our growing power and
resources and which congraiulales It's country
our increasing revenues, acting like gall and NORWOOD
on wing pala,es The idea OF national commercial indie.
pendence is all folyn fact, than folly In most
instances it is sheer and unaduerated demagoguism
People who trade with each other cannot possibly be
commercially Independent, of each other Each must be
interested in the prosperity Of the other When
duce The restrictions foreign goods, increase the
ability OF foreign nations TO buy OF us. The only
couragcnent to industry is the reward OF industry The
reward OF industry depend the market price Of
it's products in the ultimate market When large por-
ton of that price is turned aside into custom houses
labor is to that extent discouraged Every good citizen
Is willing to submit to such a in order TO supply the
necessities of his government Further than that, gov
eminent has no right to tax him
Portrait o Washington.
We have received one of the portraits Of Washington
published by John s. Taylor. bookseller, No i4s Mas
sau street. New York, which consider well worth the