The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-12-14
The Speech OF Ex-Secrctary Walker In
England.
[Prom Che london Times. Noxember 2s


Among the strsws caught at by some drowning poiti
clans In this country has been lurking hope that Anne
soiute commercial Independence about to up
her tariff to its former msgnity 30 splendid exam
Pile 1t wss supposed, could not be without effect on
this side the Atlantic and either fom simple
or as the natural way Of meeting such movement,
England was TO close her lsrders against American
bread meat, cheese, and butter At one time Polk
was the man. then Taylor, then Fillmore, who
wse to lead the game Of mutual exclusions. THIS
anything else, Of ost singular ossrs S cap pos
sessed the Imagination Of lively contemporary, and
We, were told that the Tree trade tariff Of 1915
had been virtually condemned At Washington, and
was in the act OF being repealed Exclusive information
was boosted for the fact and the nforston strange to
say has remained exclusive TO this very hour The Ane
ricsn tariff Of 1856 remains without alteration But II
bere s fingers and any body really thinks that the
In lr snee, Mr. Walkers speech a; the Liverpool dinner
ought entirely TO dispel that deuson Putting aside IL
ability and elcquence which speak for themselves the
statements in his address OF such gravity and
force "A TO assure US that the settled tn.
othsr side CT the Atsntc this and that New YORK
vii azab set her back II her sister on the nsf
sey The brief history OF An erican finance and is re-
rplis nom 1912 70 September 90 ls5i may be conf
dsntly set sganst al the wordy spoken aa1
written the other ride Of the question In this or any
other country; and were IL bad governments cor
iupt mnisters and interested clSses would be enough
to convert all the world 10 commercial freedom.
Reirng the reoder % the speech cf for he figures
of the case we need on he ne general eject OF
the comparison instituted by M Walker, between t5e
operation the American tATr lsie and ina: Of ls4o
the duties imports about hall VIVA. they had 5esn
Ia the former From whatever r-ason--sni Of course
u must be admitted from n multitude OF rsasors-it
has come 10 pass that under the latter tariff the asyre
gate revenue the aggregate cu,tcms unop --.., ths
ezports TIE .hipppg sDd oil the exts.i Al signs OF pros
peIty hs QefsMfG II r. eb greater amount, soj ~
q much higher ratio than under the former. And "
It be replied that very likely the foreign trsis, and
whatever depends upon y, have improved under
and pIospsrity may nevertheless. not have Improved
Mr. Wsher points cut that the inprovsnsnt a:
Of ID. foreign trad. tbs, poea,s.scn. railways. and
every syn Of Increasing employment, comfort,
and wealth hsve advanced With giant steps and that
the United states after founding nee state on TIE
shores Of the Pseihc, sDo rrc-iviDg ilion sn1 half
OF cur countr,me more OF less destitute within the
last seven or eight year, are nov enjoying With Eas
hnd large Surplus c. income owe. e.penditure, and
ar IN fsir vsy to be without dollar Of
federal debt In tour years Such property. of course
.tveuld be idle to claim the entire work Of any
hran leeslaicE, but n would be flying In the face q
that pperfy &c revc the fation under which the
upiisd sSies have been 80 sisnsliy blessed We are
lot zoirg 70 ccnf,und those WY distinct things post
kc and yr,pf ko, that which simply fellows snt that
which nseq uenty resclts but a. al events mega
tive proved. and sssstive sufficient for the pur
p)se the trade tarG Of 1916 has not ruined the
United states aud the dark rof Dossstons q lite oppo
ne, = hsve been utterly d,sT gois,ed Ia.re ony ca
fer IL cannot he sd TO require IT, The Imports into n.
United states hsv. sy been considerably excess Of
ply that prosperous psten should always be sending
TO It's neighbors much than Il II receiving return
According
IN the competition Of commerce and must before long
fud the Balance Of trade much against them Mr. Wake
dsTcsee Of this view q the question BY the reply tina
America does the greater part OF her commerce in ne
shps and also receives higher price abroad for
her exports than they cost her st home These two con
sheraton, perhaps quite enough 20 account Tor her
excess Of imports exports Other considerations
might b. added but tor part We must think
wholly surfhucus 10 account foe fact on tue facs o. u
far run dittreuing Of patton receiving Tor long
Period hsrnsghbcrs than she give in return
With the tact Of man who has been miaster OF n
and vhc nsy be President Mr. walker does not 70
uch slude 60 the classes which consider tnsnselTss
ttcay sggrieved BY the existing tariff % his countfy
euch csstes however there spinners veavers lace
utktrs carpet msksfs hardware manufacturers miners
machine. makers, muicsi nstrumeDt makers aud nun.
Jefsss sler swho are esch OF them strongly ~
tp ion that the citizens II the whole Union are IN dty
beund 70 give very large preference TO American na
ufacturcs IL argued there here that the price OF
imported msrufscturcs and above the cost OF the
material consists Ia fact Of the wages OF labor
which might have been found and employed az nome
and that N the United States viii 10 everything at
home ~ will all that co Of foreign labor sim
liar qrestons have tgitated every househoil N be
world before free trade protection was heard Of aud
o. the ccmmon sense Of mankind has long settled tnst
Il i in many case. a peeupary savng 70 buy thing.
ready made and get things done out OF doors instead
Of attempting TO 10 them at home, IL Is needless 70
SAY what we think Of American hnsEclere settling
the question upreservedly IN fevor o. neme proan,
cscy does no. expressly aude TO the singular treasury
reports that have lately cone out II Warrington IN
dscussirg the bearing # protective duties ne apples ~
ZEN srks 20 this county aud oilers an estimate % tee
ICES suffered by the British community st large to tns
akt Of the single aarcutursl olass BY the operation
be ccrn laws. Happily the principle TOT vnlch NJ
j. conttndirg does not depend on any sueh cal
tuatien We have not been In the habit om
% thororghy ard entirely a. transfer Of wealth 70
TIE aatic uitural class FROM the the people. AZ