The daily union. [volume] (Washington [D.C.]) 1845-1857, 1852-03-21

Their prophecies having all been sgnally alsihed Dy
the facts, the only left the wings 10 an at
tempt to give the facts themselves false colorng 10
this has The Secretary oil the Treasury iesorted
tie says, in his annual report OF this session, The qnes-
lion presents itself in view OF the absolute necessity Tor
continuance OF the present receipts IRON CUSTOMS whether
all the branches OF the Industry OF our country there Is
that healthy and vigorous ACTON which rs the basis OF
substantial and lasting prosperity Without this,
with certainty presume upon any nxed amount oil con-
tinuous receipls" YET liked amount OF continuous re-
cepls'' has been estimated since the present tariff
came into existence, and in no instance has il dsap-
pointed its friends, or yielded less amount OF revenue
than estimated Finding them this certainly" we have
the logic of Secretary Cowin proving that here that
healthy and vigorous action which is the basis OF sub
stsniIa and lasting prospery-!he reverse OF what he
Our exports and imports bear dependent relation TO
each other Finding both large, and The imports yielding
corresponding large revenue he charges the latter tthe
imports) to overtradng; and the former ruinous
poIaon Of specie to meet the debts thereby contracted
and to high price. which he calls accidental" OF cot
ton Experience of The want OF vercaion OF previous
prophecies does not deter him from ventung another
The accidental high price OF cotton not in his opn
ion 70 be soon reached again and upon this supposton
and the abundance OF agricultural productions in Europe
he assumes There Is every anticipate" de-
cline lin our exports for the coming year." So obs-
wing predictions that already since The pomuga,on Of this
one has the price abroad OF cotton and other OF pro-
duce risen Bdt this advance in price had been known
10 the Secretary probably would have changed the
character or extent OF his prediction for when he made
his estimate OF last Of The volue OF exports
ne must have known that the article had in the early
part OF Inc year, attained unusually high price, though
was then falling Yet he would not then lake the sac
cidentaP high price into consideration in his estimate,
ne desired 20 have his figures exhibit limited value OF
exports for the purpose Of aiding his tariff argument He
reserved that high price apology this year for the
erroneous iooting Of his estimate OF the last IT. in the
wisdom OF Providence, we to suffer continuation of
the present msrue beyond March, 1885, we shall seek
with no little curiosity Tor the apology hereafter for the
plumbers which it is already apparent the Secretarys
port and estimates OF this session contain Will il be an
other European famine and consequent "increased de-
mand and high price for our produces Or another gold
lr
cotton may bear Which of all the chapters OF acct
dents will come 70 his rescued And the President either
deception Il Others he latter should Be a asnR,sI
says 'the increased value of exports for the last
fiscal year is to be found in the hgh price OF cotton which
has since declined about half" The some half price
was certainly not at the date of the message since
and the decline to the extent it has occurred has lessened
very little, II at ALL the aggregate value OF cotton sold
inRrice.
expectation OF gold and silver contrast snguary with his
last years estimate of the expectation OF these metals
Then be put the amount which would be exported during
the year at 900, and particular i'll effect
follow. N0tc, when experience has proved this estimate
TO be only another OF the supendous blunders he
prone perpetrae, and the amount exported has proved
less than his estimate by 20000.0C0 he thinks the $780,
100000 exported SUN SO enormous necessarily be
productive OF serious national and individual evils His
suits at the years end manifest deporabe ignorance for
the head OF department, or wish TO pervert known
facts IN such manner as best to advance pariicu
Lar interest, and that interest not national Ii is
tue as he asserts, that money is going OF the
try but yet be is not reliable witness, for he neglects
TO tell the whole truth" Truth is moral atmosphere;
and, like the one we breathe not to be pernicious
be pure. AS the atmosphere by Withdrawing OF its
components or adding others. or changing their quantta
deadly poison SO TRUTH when partial by being added
or in part withheld, is mschievous than downright
falsehood Like poisoned air, 1t has sembance OF ie
sustaining which il does not possess.
The Secretary wihhods part Of the truth. He omiis
to state fac 10 presume Lis ignorance Of which is TO
presume him ignorant OF that he has in charge-the
finances. He omits state that gold is arriving from
California in larger quantities than is exported to Europe,
leaving US. Notwithstanding the expectations, large
cumuatiDg amount. Gold is now, as was stated by the
gentleman from Massachusetts,, Nr. RAsToUL.1 OF
the products OF our country much cotton, wheat
nce pork AID tobacco and II is to be expected perhaps
desired, that such it will constitute an item OF our ex-
pors-else the amount here might be such ma
terally lessen its value, and nurousy change the laws
OF commerce In this matter the President appears be
again lending himself TO the aid OF the Secretarys tariff
yiewsnot By an open ingenious statement OF oil the
soms Of them false coorinema disposition which from
the sincere respect entertain for the man. sorry 10
zee him evlnce. lie says:
"The exports Of specie to liqudae foreign debt du-
ring the past fiscal year have s2i aaas1s over the
amount Of specie imported"
This is evidently intended create the belief that our
specie capital and circulation were reduced by tha, much
during the year Quite the contrary the case. The
coinage q, the Philadelphia mint alone, within the year
ending December 90, 1851, exceeded the expectations
specie expectations made) almost seventeen millions
dollars, (Sl6 pos 309 1t should be borne in mind that
the latter half OF the year have cited includes the time
TO which the President and Secretary both refer periods
during which the expectation OF specie has been greater
than usuai-so great that special attention is called to
the period by both the former summing up the amount
exported during the three months Of july August, and
September, and the latter including two months later in
has footing.
When Mr. Corwn makes out that imponaiions must
greatly diminish in amount, and =" the revenue al once
sink far below its present amount he forgets that he
has previously manifested bis want OF confidence in
such prediction by estimating the receipts from
for each OF the years 10 equal those OF the last
year-an estimate which, according 10 his hypothesis
have just quoted. (of dmnuon in the revenue, and its
sinking" far below lis present amount) il likely to
prove great failure his cotton and California gold
estimates OF last year Either the estimate or the hy-
pothess Is wronghe may take whichever horn of the
dilemma he chooses though hereafter heretofore,
have every confidence in the tariff OF 1915, and in its ca.
paciiy yield fixed amount OF continuous receipts
fully equal to the proper wants OF government.
Another disingenuons attempt AT misrepresentation IL
made by comparing the expectation oil breadsu6s and
provisions in s47 with that OF ls40 $780, and 1851 and
attnbuung the falling of in the latter period TO the tariff
OF 1896 The wings have heretofore uniformly met any
attempt 10 credit the large exports OF provisions 10 is47 10
the tariff OF 1876 with the declaration that the great
amount OF those exports attributable TO the then
European faminea fact in itself sufficiently apparent
The same Secretary, who now desires to convey the
implication that the falling of in value of exports OF pro-
visions since ls47 il chargeable 10 the present tariff in
his last years report says The extraordinary demand
Ior provIsons] OF ls47 not due any Legislation