Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-06-21
ENGLAND and the United iSlates.


The article sets out in this manner:
"rhe prosperity of the United States is so intimately
interviewer with that OF this country that the exraor-
binary increase OF their federal revenue will be regard
ed as piece Of domestic good fortune Their revenue
Is lncreaslng teyond all anticipation"
Then we are instructed, in some detail how
egregiously Mr.. Corwin's estimates have fallen
short of the actual revenue from imposts, and tho
Times proceeds:
1T Is no empty compliment but literal truth that
this tourshng 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
5iaeS are lar more closely united with this Kingdom
IMAM any one OF our colonies, and while these commu-
mites are colonies in name, but in reality either PRISONS
garrisons or independent communities, the United
States keeps up perpetual interchange of the most
important good offices; taking our manufactures and
our surplus population and giving in return the ma
terlals OF Industry OF revenue and of life. There
no two countries in the world be they ever SO adjacent
where frost in spring blight in autumn, specu-
atlve mania or a commercial collapse, false opinion
or an unwise enthusiasm in either OF the two so mme-
diatey and certainly tells upon the other. The rela-
tons between the parent and the child separated as
they are in politics, unparalleled in their intimate
nature as they in their extent. In the pre-
sent instance the state OF the American renders
1t unnecessary to put any additional impeachment the
commerce OF the two countries. The American cit-
zen is not to pay any higher penalty than he pays
tor the use of British and other foreign manufactures
and the Engshman is not to suffer corresponding
check on his trade. II we go further back in our in
quiry, we lind that this mutual advantage arises in
great measure from the impulse given to British and
Amerlca an enterprise by the repea OF our corn and
VACATION laws. Looking forward, the prospect is most
cheering Before many years the federal debt will
probably expire, and with the greater part OF the i'm
port duties. That they will wholly expire in the pre-
sent generation is too much to expect, for economical
as 1.-THE federal expenditure IS, it will hardly be met by so
scanty and precarious fund as that from land sales
trade 1t is evident that, whole, the Union has flour
shed under liberal tariff. The produce of the land
sales, meanwhile, has advanced from S240 900 in 1887
to 1927 076 in 1851. The population of the Union has
even in small and infant State; and the facility with
which the Union has absorbed employed located fed,
and housed million Immigrants within the last five
years. even more remarkable than the uphapDv cir
cumstances that have driven them from these isles Not
twenty years ago the most enlightened men in the
Union could not contemplate without serious misgivnq
ana some talk OF actual resistance, the annual arrival
OF some 10000 British Immigrants. The Union now
nails with grounded security and satisfaction The
arrival OF that number every month in the year. The
most magnificent schemes are founded the hope of
to people the sides of the N York and Erie railway Just
completed, and railway dependent like support
is now planned right across to California What has
great and growing a country to do with protection q
What has giant TO do with swaddling clothes II the
strength and greatness of the Union consist in its num-
oers lis territory, it's command OF the necessares of lc
us Clues, ana lis 1feeQOm now
these be promoted by taxing the many for the sake of
the lew, and by sacrificing the whole of the Union to
me convenience OF some manufacturers in New York
and one or two other States. The question: however,
we believe to be finally settled in the United States as
I'll In this country"
No doubt the Furnishing condition of the United
States revenue is as;great blessing to the English
as an equal excess in the English revenues for it is
but an index Of the enormous amount of English
lmportations into our ports, and of the vast bal
ance of trade which it is heaping up against u.s.
Neither do we question one word of the Times
argument to show the intimacy of connection
between English and American interests which
these exc essive importations create. But, is it
so desirable that this intimacy should exist?
Is it not but another word for dependency? And can
it be sound political economy which would
make this mighty country dependent upon the
British isles? The whole question may be put
on the ground assumed by 'the leading journal,''
and we hold that the very statement of the prop.
osltlon is enough to demonstrate the falacy of the
theory of free trade in the United States.
The following remarks of the N. Y. Express
are strongly in point:
FIFTY millions OF revenue indicate an enormous 1mpor.
tatlon OF silks, cottons linens, wooeps wines IRON
hardware rotons, kn'cknackeries, andsotorths. Ali
THESE enormous mpoatons have to be paid for p cot
ION, corn gram tobacco or in something other Thus
see the great body of the Farmers and Planters othe
country at work producing exports to be reighed over
sea- TO be turned there imports some of which MIGHT
be dispensed WITH and all OF which might be created
here.
The amount ofrevenue or taxes country raises is no
sign OF lis prosperity ifso France and England ecpse
US beyond all calculation. Thus the $50 COO 600 Of
taxes we are paying not sign OF wealth. grandeur
or power, unless we export much as we mport-run
INTO DEBT IN nothing, but pay all as CO. Do we 3
Great Britain and France have got about all our sill
yer coin that is marketable. Nearly as fast as the
rhladepha mint can turn California dust into Double
Eagles or Eagles, they 60 otto the British Mint as
6ulion TO be melted into sovereigns American u
s. Stocks and State Stocks with Railroad Stocks be-
yo5d any means that we have OF calculation, go Also
ana what we buy is thus in some degree paid for by
evidences OF debt alone, which interest must be
RENTED annually
The importaons have been and are vet so excessive
that some articles OF dry goods have fallen here below
their actual cost in Europe-and the consequences is
great damage, not destruction, to some of our own
who are crying aloud. all side over
their losses.
II our Banks, Specie Brokers' and Bill Drawers are
wise, these dangers will be corrected; but never
heless, It is rather mourntu spectacle to see all the
capital labor and life that have been expended for gold
Ia Callforna running right through hands 10 Eng
land aud France to buy uxuries which, If they could
not be dispensed with, might, in the MAN, under wise
system, be made at home Every merchant and practi-
cal man knows that the importaons are excessive
the revenue, therefore, beyond all reasonable bounds of
calculation, and that they must be checked by more
exports OF SPECIE and consequent Tightening up" of
the money market at home. Exchange on London is
now lo4 to II premium; the par being % 49, Hence
specie must go and go, till the equilibrium is restored
Specie will always be shipped freely when exchange is
lot premium. The Asia takes out day, one mil.
lion.
The New York Commercial Advertiser reads the
public homily on the late fatal aay at Lynchburg,
strangely considering illustration of "the barba.
rous practice OF dueling." This seems to us to be
great mlsappllcaon OF terms. The duel, as commonly
understood, Is fight by previous agreement OF both
parties, placed on stipulated footing of equality The
Lynchburg affair was street-fght, in which one party
assalled the other, without any preeoncert between
them, but the latter, as precaution had armed himself
for defence The party, who begins fight finds