The daily union., 1852-08-12
COMMERCIAL.
FroA. our o..amsrs,-l oosrs.,.oaasn,.
NKw YoRK. Auaust nal h

sroas Commercial oosrs.psuas.x W
np ~ s NKw YoRK. August ia, 1852
The gross miscacuaons and absurd projects OF he pres
ent head OF the Treasury Department sand OUT in such
strong contrast to the accurate accomplishment OF The es
maes Of Mr.. Walker. thata continued saor is made to
espeTse the calculation of the latter officer. Thus in
December, 1913, Mr. Walker estimating the means and
wants OF the 1850 placed the balance hand June
80, 1882 al S5oio5i2 la the following year. Decem-
bef 1919, Mr., Merediths genius shone forth ia the fol-
lowing first paragraph under the head Of "ways and
means i"
Ii will be observed that there deficit on the Ist July
next 1870 Of III co. and on the Is, July 1851, Of
Si0o 24 10 be provided for, arising rom the expenses of
the Mexican war"
This sixteen millions he wanted authority TO borrow.
Now, eighteen months before the lst of July, 1850 Mr.
Walker said there would then be surplus of 50 562
hand Six months before the It of July Mr. Meredith said
there would be deficit of So,s 2l The lst of Jaly
1850. arrived and in December of the year the light
which now shines like decayed mackerei by moon
light" from the head OF the department the bea
which lights the wreck pirates their peywas
strained report S66oi,5 hani July lst 1850 the
time estimated the balance the treasury July
1851, $45S 996, and deficit for July, 1852 Ss65 996
In December, 1851 he reported that the balance July l
had been Sl09lI,65-a difference in OF his own
estimate OF $40 ,6l9 and of S245S,737 that of
Mr. Meredith. The balance hand in July last, instead
Of deficit of 1855 1886, reached S5, 1886 and this in
spite OF Galphin claims, Gardiner awards, and every
rety Of for empyng the treasury Tor profit of
government members. The estimates and their venhca-
lions may be summed up huss
July, For July, For July,
slsan Mass,' estimate s.%ss on asa saaS ~
Actually on hand .........., e,eo4,544
corsin's estimates on hand. 45s,sse deficit sss5.a9s
nered.h'. errors. iaAsa,se5 2l,45s,1s1
These very respectable figures represent blum
ders OF men whose organs paraded the following,
from the Tribune.
,u,... .sr~t~ r..
In Mr. Secretary Walkers annual report to Congress
probable increased exports Of domestic productions under
system OF low duties for which he gives the following
figures, viz;
In 1873 s222 sos. $50
In ls49 329 $50 993
la 1850 As. .4A5,05G
The actual result, shown by official documents, is
that The exports of domestic productions
In 1913 Sl32 9O4I2I
In 1850 I36, $40 922n
OF course this is entirely false. Mr. Walker give
those figures estimate Of exports What he said was
this;
If the energy of our own people can add sil 32 2
the export and supply Of breadsius and provisions
sn'e what could they add such products il
BIB appears the augmenstion OF our domestic ex
pos exclusive q spsee last year compared with The
at the same rate per cent per annum Of augmentation
would amount in 1869, per table &C. 1920 s59 e9a
much greater than the exports from State The
iure increase may not be greats bu capacity for
such increased production is proved 70 exists and hat
they could De exchanged free Of duty in the ports Of all
fi0ns.' .#a
Here will be seen that Mr.. Walker made no suoh es
mate at all as these people impute to him. When he
speaks Of free Of duty no in the compre heusye
sense OF freedom at home from the of pro-
dues sold abroad freedom exists between several
States In the year OF which he speaks showing in
OF 4 cent Ia the exports OF farm produce, Ho
land Belgium France, and England admitted il free and
with suspended navigation laws. Mr. Walker intmates
that, If that Of things continued and followed by
other nations the ration of increase might be maintained
for lew years OF course, everybody knows that
Of those conditions fulfilled. The European
reimp1sed and the Uned States continue the
Of % per cent duty upon goods bought home in
exchange for produce sold. Again, when Mr.. Walker
California had not been discovered and gold
then domestic product The ability of the Atlantic States
supply produce of which he speaks is exempfed in
the fact that the exports of 1851 u.s. $50
900 600 than in the preceding year, and for this
year s52) they $500 900 000 embracing the god
which the produce furnished California in
change for H. Buihe California market is free ma'ksf,
and has absorbed in the last 500 900 900 worth Of the
industrial products OF other States, which have exported
considerable portion OF the gold received for them thus
iusing the principle enunciated by Mr. Walker Of the
capacity OF the country any demand upon II, and
the Necessity of counteractng the efforts Of foreign
tries exclude produce by taking of ourselves the duty
upon the returns. The prospect is that the money
imitation which is progressing will enhance exports.
and check the mpouatlons into the county, because all
though the currency here is being inflated, that abroad
progresses in more rapid ratio. The migration Of cap.
al to this county is considerable, and will probably
continue, and there is prospect Of any speedy
change in the abundance OF money offering upon hs
ket
The fall season is opened, and the buyers both
and active. The supplies of dry goods not
large last season. and in all probability will be less in
proportion the demand Most descriptions there
fore the rise. The produce markets also very well
sustained and WOOL coming forw ard freely, is well sustain
ed at prices which fully equal last year but
The rates variable, according pretensons hold
Manufacturers, some Of them still stick the notion
OF decline, and refrain much possible from pur.
chases They encouraged by the fact that notuith
standing the supposon that Australia would supply
WOOL the actual supplies received In England thence are
quite large ms last year. But this may be ascribed
clearing Of stocks Cotton Is well ppou
under active speculative demand and sales large
for the stock atsay liz IL OTIS New Orleans fair Under
large receipts -four is pretty steady SO 81 for fresh State
Rye flour, SO 81 50 ~. Corn meal, SO g7t So 56.
For wheat there is speculative demand for western
say 95 cents white Michigan. Corn, with a moderate de-
mand is dullsay 62 western mixed Porkis seady
$40 for mess s7 70 prime, S22 clean. Beef SIS 80
SIS 80, Lard, ~ lh cenis. Cheese, "a cent?
Whiskey, 2ih a 2ii cents for Ohio.
Under considerable abundance OF money increasing sup.
plies, and diminishing exports of gold, there growing
speculative action in the stock Market and prices gener
ally rise The quotations for governments without
material change from last week.