The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-06-20

joined - l(p1eadjng aSttc3o;
.The prosperity Of the United Htaasa Il %
! Amatsiy interviewer with thst Of th1En6xnss
that The extraordinary increase ef 1hais fbdssS
revenue will be regarded as piees efdoNssti1
| good fortune. Their revenue il increasing b.!
| yond all anticipation. Az we are rcmfsaea by
our correspondent at New York, ela5jteen
months ago the then Secretary Of the Treasury
| estimstsd the customs for the financial year
ending the S0th Of this month at 9,00O, 900.
The calculation threatened deficit, and the
Secretary warned hin fellow-citizeus d. they
must make up their minds eithcr 10 additional
duties on Imports, OF TO loan Of @l8B00;O00.
He leaned 10 the former alternative duN there
ensued no little chucking ID thi, eotptyj q The
prospect OF our own liberal measures insxfinr
with this scurvy, though perhaps unavoidable
requital. Six months ago the present Secretary
found his predecessor 20 far out In hIs calcula-
tons that for the first quarter Of the present
financial year his receipts from the eustoms had
been $l4,764,046. This compelled him, rather
against the grain, to advance the estimate for the
year to S46,000,0O0
" In this country we can hardly understand the
phenomenon of Chancellor Of the Exchequer
shutting his eyes to his increasing resources but,
by the Constitution of the United. States. il u
possible, and is actually the case at this moment,
that government elected by universal sutfrsge
may be directly at variance with legislature Of
the same origin, and the great officers Of State
may be compelled, as they are at this moment,
to administer policy which they have opposed
up to the hour of their admission into Office
Accordingly, six months ago, the American
Secretary,in presenting his report, still under
estimated the revenue, and over-estimated the
impending deficit, in order to urge. a. he did
with some fallacies long exploded on this side
the Atlantic, that return to the old protective
tariff, besides bringing good deal more to the
treasury, wouid-save various branches Of manu-
factufe from ruin.
Sunless we take into account the influence
of prejudice, it ia difficult to suppose these Sec
retaries honest in their official estimates. From
the day the last was made it has been continual
ly falshed. The first three quarters AZ tho
year ending the S0th inst, have already produced
$6, l22,662 more than eighteen months ago wss
expected for the whole year the produce or the
three quarters being respectively Sl4,764043.
$8,9l0,240, $l4,44S,379; total S3o 1894
against $24,645,3I5, the receipts for the three
corresponding quarters Of the year ending June.
1850. II the current quarter produces only as
much as it did last year, the total for the year
ending the 30th inst, will exceed by @3,0OO,OO0.
Mr.. Corwin's estimate made only last Deem
ber In this case no loan will be required. Az.
for the other alternative of additional duties upon
imports, it has been already disposed of in Con-
gress.
1T is no empty compliment, but Rstfe
truth, that this fiourishing condition OF the
United States revenue is as great blessing
to us as an equal excess in our own revenue. For
all practical purposes, the United States are far
more closely united with this kingdom than
any one of our colonies in name, and while these
communities are colonies in name, but in reality
either prisons, garrisons, or independent COM
munities, the United States keeps up perpetual.
interchange Of the most important good Offices
taking our manufactures and our surplus popu-,
lation, and giving US in return tho materials of:
industry, of revenue, and of life. There are no
two countries in the world, be they ever SO
adjacent, where frost in spring or blight in
autum, speculative mania or a commercial
collaps, false opinion or an unwise enthu-
siasD, in either of the two, so Immediately and
certainly tells upon the other. The relations
between the parent and the child, separated as
they IRE in politics, arc as unparalleled in their
Intimate nature, as they are in their enormous
extent
In the present instance the state OF the
American revenue renders it unnecessary to put
any additional impeachment on the commerce of
the two countries. The American citizeE is
not to pay any higher penalty than he now PAYS
for the uso of British and other foreign manufac-
lures, and the Englishman is not to suffer cor
responding ckeck OH his trade. If we 60
further back in our inquiry, we find that this
mutual advantage arises, in a great measure.
from the impulse given to British American en-
terprise by the repeal of our corn and navioa-
ton laws. Looking forward, the prospect is
most cheering. Before many years, the federal
debt will probably expire, and with it the
greater part OF the import duties. That they
will wholly expire 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 fund as that from land
sales.
"The commercial philosophy which adorned
Mr.. Secretary Corwin's report last December,
and which was received with rounds Of applsuse.
by certain parties in this country, has been sig
nally unfortunate. 1t has boen rejected By tie.
Legislature to whom it was addressed and ithas
been discredted by the results of the next ak
months. So far as the federal revenue is con-
cerned, there is now absolutely no prstence for
additional duties, or for any more stringentr rule
OF assessment AS for protection, the improve
mcnt of the revenue under the system which
MIR. Corwin denounced as injurious to domestic
enterprise, is itself a sufficient reply The Gus
toms Of the United States for the quarters end
ing March 81, l848, l849, 1850, and 1851, re-
spectively, were S6,300,000, SS,347,628, S1L-
800, LA, $l4,448,397. Whatever the condition
of one or two branches of trade, it Is evident
that, as a whole, the Union has foasished under
a liberal tariff. The produce os the lanl sales.
meanwhile, has advanced from S240,0OO i'm
l847, to S827,076 in 1881. The population oR
the Union bns ipcreased with a ropidifv uyh;ch
might excite surprise, even in small md ia
FAINT State and the facility with which tho
Union has absorbed, employed, located, fed, and
housed million immigrants within the last
five years, is even more remarkable than the un-
happy circumstances that have driven them
from these isles
Not twenty years ago the most enlightened
men in the Union could not contemplate with.
out serious msgiving, and some talked of actual
resistance, the annual arrival Of some 10000
British immigrants. The Union now halls with