Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1851-08-29
From the London Times, June 4.
G.aaf R1ftafn onH America

regarded as piece of domestic good fortune. Their
revenue is increasing beyond all anticipation. Al
we are reminded by our correspondent at New York
eighteen months ago the then Secretary of the
Treasury estimated the customs for the financial
year ending the Both of this month at S32-OOO,000
The calculation threatened deficit, and the Secre
tary warned his fellow citizens that they must make
up their minds either to additional duties imports
to a loan of S16.000,000. He leaned to the for
mer alternative and there ensued no little chuckng
in this country at the prospect of our own liberal
measures meeting with this scurvy, though perhaps
unavoidable, requital. Six months ago the present
Secretary found his predecessor far out in his cal
cuaons that for the first quarter of the present f.
nancial year his receipts from the customs had been
Sl4 764046. This compelled him, rather against
the grain to advance the estimate for the year to
Sac. 100000. In this country can hardly under
stand the phenomenon of Chancellor of the Ex-
chequeI shutting his eyes to his increasing resOur-
but, by the constitution of the United States it
is possible and is actually the at this moment,
that government elected by universal suffrage may
be directly at variance with legislature of the
origin, and the great officers Of State may be COM
PEELED as they are at this moment to administer a
policy which they have opposed up to the hour of
their admission into Office. According y, six months
ago the American Secretary. in presenting his re-
port still underestimate the revenue, and over
estimated the impending deficit, in order to urge as
he did with some fallaces long exploded this side
the Atlantic that return to the old protective tar
if besides bringing good deal to the treas
ury would various branches of manufacture
from ruin. Unless we take into account the infu-
ence of prejudice, it is difficult to suppose these Sec
retares honest in their official estimates. From the
day the last made it has been continually fals
fed The first three quarters of the year ending the
3Oth inst have already produced S6.l22662 more
than eighteen months ago expected for the
whole year; the produce of the three quarters be-
ing respectively S14764,043, SS,910240, S14.448-
379total SIS. 1920 62 against S24 645.315 the re-
cpI f;rt no Of no
year ending June, 1850 If the current quarter pro-
duces only much it did last year the total for
the year ending the 30th inst will exceed by S3OOO
600, Mr.. COrWin's estimate made only last Deem
ber In this no loan will be required. AS for
the other alternative. of additional duties upon i'm
ports, it has been already disposed of in Congress.
1t is no empty compliment, but literal truth,
that this Furnishing condition of the United States
revenue is great blessing to equal ex-
cess in our own For all practical purposes
the United states are far more closely united with
this kingdom than any one of our colonies and
while these communities colonies in name, but
N reality either prisons garrisons, independent
the United States keep up perpetual
OF the most important good Offices TAX
ng our manufactures and surplus population,
md giving in return the materials of industry of
evenue. and of life There are no two countries in
ne world be they adjacent, where a frost in
prng, or blight in autumn speculative mania
II a commercial collapse false opinion an I'M
Y and certainly tells upon the other. The relations
etween the parent and the child separated as they
re in politics. unparalleled in their intimate
ature as they are in their extent. In the
resent instance the state of the American revenue
enders it unnecessary to put any additional impede
lent on the commerce of the two countries The
merican citizen is not to pay any higher penalty
han he pays for the use of British and other |
Dreign manufactures. and the Englishman is not to
ntcr a corresponding check on his trade. If we 90
Irther back IN our inquiry: we find that this mutu
advantage arises in great measure from the i'm
ulSe given to British and American enterprise by
be repeal Of our corn and navigation laws. Look
lg forward the prospect is most cheering. Before |
1any years the federal debt will probably expire,
nd with 1t the greater part of the import duties
hat they will wholly expire in the present genera
on is too much to expect; for, economical the
sderal expenditure is, it will hardly be met by so
canty and precarious fund that from land sales
The commercial philosophy which adorned Mr.. Sec
etary Corwins's report last December, and which
'as received with rounds of applause by certain
artes in this country, has been singularly unfor-
innate. 1t has been rejected by the legislature to
'hom it addressed. and it has been discredited
the results Of the next six months. So far the
ederal revenue is concerned, there is absolute
no pretence for additional duties or for any more
ringent rule of assessment. As for protection the
Improvement Of the revenue under the system which
lr. Corwin denounced as I'M urous to domestic en-
arprlse Is itself a sufficient rep ~ The customs of
ne United States for the quarters ending March 81
o47. 1919, 1880 and 1851, respectively. were So
100000, S8.347628, S11,5O0.l44 S14,446 397.-
Ehatever the condition of one or two branches of
rade, 1t is evident that, a whole, the Union has
punished under a liberal tariff. The population of
he Union has increased with rapidity which might
Xclte surprise, even IN small and infant State ::
nd the facility with which the Union has absorbed
mpoyed. located, fed and housed million mmi-
rants within the last five years is more re-
larkable than the unhappy circumstances that have
rlven them from these isles. Not twenty years ago
he most enlightened men in the Union could not
ontemplate without serious misgving. and some
nix OF actual resistance the annual arrival of some
OOOO British immigrants. The Union now halls
nth Well-grounded security and satisfaction the ar
wal OF that number every month in the year. The
lost magnificent schemes are founded on the hone
a combined emigration at an equal rate Emil
rants are to people the sides of the New York and
RE railway, just completed, and railway, Deepen
ent on like support, is now planned right across
} California. What has so great and so growing a
ountry to do with protection What has a giant
} do with swaddling clothes! If the strength and
reatness OF the Union consist in its numbers its ter
tory its command of the necessaries of life its
its cities and its freedom, how can
lese be promoted by taxing the many for the sake
the few, and by sacrificing the whole Of the I'm
N to the convenience of some manufactures in New
ork and one or two other States z The question.
owever, We believe to be as finally settled in the
nltcd States as it is in this country
How much there is in the power of a single felici-
'us word In poetry towards making perfect pic
Ire to the mind of the reader It often invests an
animate object with almost actual life, and makes
ne landscape sentient thing. Here are few lines
lat 1--we In our memOry-from Proctor, Barry Corn
all. If we do not mstake--which are eminentlv in
lustration Of this. The poet is sitting at r;ghtfa
pom 4 green meadow bank with his lttla Il. - rbtor