The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-12-18

On the cath OF November last the members OF the
American Chamber OF Commerce in Liverpool gave a
grand banquet to the Hon r. j. Walker late Secretary
of the Treasury OF the United States The object OF the
Chamber 10 mark their appreciation OF the exertons
OF MIR Walker in giving facilities 10 the be-
tween Great Britain and America, William Brown, esq,
the member for South Lancashire consented 10 presds
on the occasions but at the last moment in consequence
OF severe indspostion he compelled 10 decline the
honor, and his place was occupied by William Rshbone
jun, esq., the president OF the American Chamber OF
Commerce All the conclusion OF his speech OF welcome
TO the guest OF the evening the chairman proposed the
following sentiment:
"The Hon r. ]. Waker-lo whom both countries are so
much indebted for his exeons TO promote commerce. that
bond of union between the two branches OF the An
glo- Saxon family"
This toast was received with The most enthusiastic
cheering. which was renewed again and again After
the applause had subsidized
The Hon. Robert J. Walker rose 10 respond. and was
received with loud cheering He said Mr. Chairman and
gentlemen it is with ordinary emotions that rise 10
endeavor return my heartfelt thanks for this kind and
cordial reception. for the aerng and friendly senmen,
proposed and the response with which you have
been pleased to welcome il. [Cheesl am sure it
is the humble American citizen without office, power,
patronage at home abroad, now standing your
hospiable SOIL that you have thus selected to honor.
It is my beloved country 10 whom this compliment is
pad-to her policy of commercial freedom, and to myself
only OF its earliest and most jealous yet one OF it's
humblest, advocates This policy has remained un-
changed last
ing maortes, and may be regarded now the settled
doctrine OF my country. In lS42 highly restrictive
tariff was passed by the American Congress. In ls4o
that policy changed and the duties reduced in
the aggregate one.hal lhear, hear hear and it may
be interesting to the land OF my forefathers TO know
what the effect produced by this important change
in American policy With your kind indulgence will
give you of the results OF that great The
received during the last year OF the high tariff of
1912 was see, 7l2 900 The from the tariff
Of 1876, (under which the duties reduced
half during scal year just passed $50 900 900
Whilst reduced one-half the taxes imposed on
the people, revenue nearly doubled. Our ton
mage which in 1916 had only reached 900 TONS
year, (when the weight had been lifted from our CON-
merce) to 3,7ss0o0 TONS Our miles of railroad in ope-
ration, denoting in part, the progress OF internal
commerce. from 4,SG2 miles in 1846 10 10,2s7
miles in 1851 In 1916 our population was about 30.
500 OOO in 1851 it about "a 100000 This change
in our policy shows in the last five years. the following
results Our population increased from ls46 to 1851 l9i
per cent our from the reduced tariff increased
81 18th per cent tonnage 47A per cent rail
roads in operation 452 per cent Our average annual
revenue from duties under the high tariff OF 1912,
S23 s95 O00 average annual revenue from duties
when reduced onehalf under the tariff OF 1916, was
increasing in constant and extraordinary ratio under
! reduced tariff rose to $4,000 900 have received
BY the last steamer the official account OF the for
the first quarter of the present fiscal year. which is
| follows:
| Government receipts and expenditures.
The following were the receipts and expenditures OF
the United States from the lst OF July to the 3Oth OF Sep
tember 1851, including trust funds: