Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1851-01-01
d - -
THE TARIFF.

The great question for the consideration of Con
gress during the present session. is the Tariff Nor
money is needed which must be obtained in some wav
or The credit of the government, and The interests o
the country in other respects will suffer The Pub
lie Debt now maturing aud for the payment of which
provision must be made, amounts 10 One Hundred
Millions Of Dollars, incuding the Mexican Indemnify
Mexican Spoiaon, Texas indemnify. SC. How il
the money to be obtained? All revenue from ,ht
Public Lands has been cot off by The various Bounr,
Land bills passed by Congress-no Que dreams of ;
direct tax, and there is no way of supplying the de-
the existing revenue laws.
But the want of money 10 meet the demands o
the Government is not oll-somehng ought 10 be
done for the reliefof the manufacturers Of the coun-
try. One day las, week, Mr. CLAY presented in the
Senate memorial from Mr.. john TrMRERIAKr. Of
Abemarle, on the subject of the tariff of 1916 Mr.
TIMBERLAKE is known to be extensively engaged in
the manufacture of cotton al The Shadwell Mills, be-
low Charlottesville, and ia also known TO be man
of sound practical sense. He states in his memorial
that he has invested sixty seventy thousand dol
lars in his business and has bestowed upon it the Ut
most attention and practised extreme economy-hat
under tie tariff of 1912 he secured reasonable profits,
but that under the tariff of 1916 he has been obliged
TO dismiss half his hands and is in danger of loosng
the whole Of his capital. This is merely an illus
taiion Of what has occurred in almost every factory
in the country, Every sees how the whole COM
munity mus, be effected By such reverses.
The farmer may at present get his goods little
cheaper from foreign countries, than he could at home
for while, under modified tariff; but then the hard
cash mus; be paid for them. He cannot compel for
egn dealers 10 take his produce; nothing but money
will answer their purposes, and the effect is to drain
the country Of specie Mr. CoRwIN says in his re-
we have been running in debt to England many mil
lions per annum. The sales abroad of United States
Government Stocks, State Stocks, Railroad Bonds,
Sc, has heretofore enabled us to meet this difference
but this expedien cannot be relied upon much longer.
Pay day must come and "lhen the land will he shin
ged with wri!s executions, foreclosures and forced
sales at merely nominal prices, sweeping away the
hard-earned savings of the prudent along with the
alr-palaces Of the SPECTATOR. Then will 60 up a
Loco-Foco yell Of exe%alion against the Banks for
over-ssuing, the Merchants for overradlng, Sc. in
which those who have eaten, drank worn out and but
half paid for The excessive Imports which are at the
bottom Of The mischief will be loudes, of any.'
This will be the inevitable result sunless we
mean TO sell the country % Europe and have lis farms
and houses well lis public edifces, banks ca
nails, and railroads owned abroad" The New York
Tribune, which we have quoted above, saws: "The
very Exchange wherein our merchant princes con-
gregatc is virtually owned in Europe our Banks In
surance Companies, &c., in part owned there,
while our railroads are mainly ironed from England
and paid for IN Bonds Let the present course Of
Trade continue unchecked and one-lourth of all the
Property in the Country viii in effect be British prop
erly within twenty years. Mr.. Co9wIN indeed eStl-
males on: Imports for me rscu, year hwy half spent
a, T,oo Hundred anil Fifty Millions OF tlollarS,
while our Exports California Gold incIuied) are moi
expected 70 exceed One Hundred and Sixly-ive Nil
lions Of Dollars in single year! Can this continue :
Patriots are You ihinking' How you sleep on
IA volcano plainly charged with Destruction"
EAGLE HorEL.-See the advertisement Of this ex-
ceent Hotel in another column We had the pleas
ure of dining at RIr. WooDwARD's Table on Christ
mas, and can testify as to the superiority of the fare.
We feel assured that every effort will be made by The
proprietor TO render his patrons comfortable and be-
speak for the house the favorable consideration OF
The public.
g. nnhlic meeting was held in Charlottesville