New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-26

and they snow, 700, as We thlhA' thAs as
land is now declining in price under the
system, there is little probability that the
ex-Secretary will be able to satisfy his
Manchester and Birmingham friends that
the day is very near when the wild lands
of Illinois will pay a rent of twenty per
cent upon a valuation Of forty-fve dollars
per acre.
The article from which we have made
these extracts looks to a foreign loan as
the only mode by which market is to be
created for large amount of labor and
produce" and thereby to arrest " the food
of aduersity that nO,C threatens thus region
of country." We fear the chance for the
loan is small, and we hear, indeed, that
there is none, and that such should be the
case can hardly be deemed extraordinary
when the agent employed for its negotia-
ton furnishes statements so entirely the
reverse of true as have been some of those
put forth by the late Secretary. In our
former article on this subject we called at
tention to the fact that his pamphlet stated
tt at at the date of the passage of his tariff
in 1916, there were in the Union but 1862
miles of railroad open, when the number
was really $685., and that there had been
since opened 8,425, when the number has
been only Asa This was so gross vio-
lation of truth, that had it not been that the
quantities were stated in both words and
figures, we should have been disposed to
believe it an error of the printer, and yet
we now find it repeated in the speech Of
Mr.. w. at the Liverpool dinner, where he
asserted that the railroads now opened
were above four and half times greater
than in 1916. Among the persons then
present there must have been some who
kl ew that the fact was otherwise, and what
reliance could they afterward place upon
the statements Of the speaker in relation to
the value of land, or, indeed, anything else !
To use the words of Taileyrand, this was
even worse than crime-it was 6lunder.
Mr.. Walker seems to us to have been al
together unfortunate in this matter. His
pamphlet contains letter from Mr.. Dallas
endorsing his statements, but that gentle
man is little known in Europe except as
having climbed into the Vice-Presidency
on the strength of "Polk, Dallas, and the
tariff of 1872" and having seized the ear
lest opportunity to kill the tariff whose
friends had placed in his hands the power
which he so misused. If he could thus de-
ceive his fellow citizens, what reliance
could the people of London, Liverpool and
Manchester have that he would not deceive
them? None, certainly This was, We
think, an unhappy move on the part of the
cx-Secretary.
Since our attention has been called TO this
project, we have endeavered to ascertain
what is the business to be done on this great
road from Chicago to Mobile, that is to give
value to the stock, but have, as yet, been
quite unable to satisfy ourselves on the
subject. Kentucky and Ohio can supply
the South with corn and pork on better
terms than the lands on Lake Michigan,
and Illinois is determined to have nothing
to sell but corn and pork, as she is closing
her lead mines, and her ore and coal beds
are little likely to be opened. She needs
no cotton, for she prefers to import her
cloths from Manchester. What, then, is
to make trade when all the people on the
line of the road are agriculturists, and all
with the exception of the cotton planters,
whose products are not needed in the
West-engaged in producing the same
commodities As regards the lands, we
can readily understand that they might be-
come valuable, if the lead trade were in
creasing as it did under the tariff of 1919
and if furnaces were being built, as they
were under that tariff, instead of being sold
by the Sheriff, under the tariff Of IS46-if
mills were being built to make a market
for the cotton of the South if furnaces and
mills were making demand for coal-and
if producers of lead and iron, cloth and
coal, were making demand for food, In
stead of having it stored up in waiting for
the next famine, while its owner pays one
OF two per cent. per month for aid by which
to keep it but as it is, we confess that we
are puzzled. Will our free trade friends
of The DAILY Tribune, of Chicago, OF The
Jefersonian, enlighten U.S. If they will,
they may rest assured that even our old
white coat" which seems to give them so
much Otfense. shall not prevent US from do