The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-25
High Tariff Nonsense-The Herald and the
Tribune.

The abolition whig organ Of this cty--the Iri-
hils-took occasion yesterday, in long, foggy
and jumbl ID up article the protection po-
hey, without head, or body, tail, anything
else to make an assertion concerning the Neio York
HTad which il as wide Of the mark, and Of the
real facts Of the case, il could we'll be. 1t said
Trsoerrs sSd a the country 70 the other counties,
SQ1n- and cities railroad and canal companies
exged in issuing certificates Of debt; and long
Europe shall continue TO receive them In exchange for
voollsns and cloths silks and railroad ironso long
can and drink and without the necessity for
ether labor required engraving ami printing
and signing bonds 20 long viii the amount Of cutoms
duties be larger and i 70 the present facility Of selling
these that present the
The ability Of the national treasury to meet the demands
upon IL s becoming every hour more and more depend
upon the condition u things at home but upon
abe Of stock gamblers abroad This however
consideration carefully kept out u view by the
Tsrss as II IL by the New York Post, aud Herald and
Jcrna Of Commerce. sn Of which systematic ally avoid
noticing the fact that consumption Of many Of the
mot important necesaries Of life dminshes debt
increases
A far as the Herald is concerned, We deny the i'm
pataton thus cast upon il, and refer to our es
from the time Of the Grst Issue Of our paper to the
present, in refutation OF the charge. 80 far from
the Herald conceaing such facts, II has always been
way TO direct the attention Of the public to the
evil effects Of creating loans abroad in causing in
Aatiop, overtrading, and speculation at home, and
eventually revulsion, bankruptcy and ruin to The
commercial interest.
As to the long rigtnarolc In the Tribune about he
necessity Of protective tariff, it is all nonsense
The high duty theory has been abandoned years
sgo. 1t has become obsolete and there is no ssates
Of any standing Who would at the present day
Nave the temerty, or would risk his fair fame and
reputation, by advocat ng return TO ii the part
Of the United States, on the ground that !. would
h. hare IN tIar nj al 20 fha
wealth fthe country. The whole subject has been
so often discussed that all that could be said upon
~ has been said, and the verde: has been render
cd that bowsoever profitable it msy be to manuflc-
turers high tariffs act iniuriou-y on the people ADD
Il any attempt be made by the whg party, through
he influence Of the manufacturers Of tbs Eastern
States, to make high tariG question in the Pre-
idental election Of next year, IL WILL the
N riscs in The east, be not only wholly without
eject, but will react dsastrousiy on tina: party
or years to come None but arguments Of the
character Of the Tribunes article, Of a very foggy,
contracted and obscure character can be adduced
W favor ofthe high protective system.
BANK SwNptiSG AyD SrQor. PieEoS FrSANcIERs.
We continue, to-day, our report Of the judicial
examination Of the financial operations at Morris.
Tnis pac0 Is the richest since the opening Of the
PlaibGeld district For eight o. ten years past,
these financial labyrinths have been built in several
quarters, going up at 6rst under the financial eye
Of Moses Beach. commonly known The Little
Bddlc' bis age. During this period, the public
have been gulled out u about a million % dollars
and the originaiors, adcrs and abottors Of these
swindlcs have escaped detection, and The
slghtcst investigation that could be of any use to
wards securing the ends Of justice. Several indct
menD have been found. a. VARIOUS times, IN New
Jersey. Pennsylvania, ard Maryland but, till the
Morrisiown investigation was undertaken. OIL the
rascais who have cheated the public in inanciering
operations, have got Of clear, with the peoples
money TO boot. In Pennsylvania. justice com
neuced q movement. The Legislature made q re
port, but by hook or by crook il never va print,
e. AZ other reports ars, aua nothing tangible ever
samc e. light
Weee NV 'arpy t. 6a1 th is aiu.r'a,-a-
Gea {. 'u.d,e. though ao0, tt.s + r.ii.h'e r,.t
eve WHOM stool pigeon faln8. -e,arl
Rogue, however stlr ataGgd Ihi .l-. -s1y.
ever Systematic % seerct--wil fad IN ia.e ,ent
community, sooner or later, spirit that vii Re-