The daily union., 1852-10-07
The wings Preparing to Reduce the Duties
upon Foreign Products la the Tariff Of lsao.

The wings Preparing 10 Reduce the Duties
upon Foreign Products in the Tariff Of lsao.
We nd the following article in late number OF the New
York Express one OF the leading wing papers IN this
ry and notice that has been copedino the National Ia
sllixsnesr Both OF these journals laborng elect
Scott Both have insisted and still insist that the cause OF
protection to American manufacturers requires that he
should be elected Both have declared that The tariff OF S4o
is running everybody and especially the iron
OF Pennsy ysna and of other States Both have hereto.
fore joined in chorus with Greeley. aud other high pro-
lection oracles over the awful disasters and the unver
sal ruin that were follow, and that do follow they
say the repeal of the tariff Of lsl2. When the revenue
law which succeeded that perfected. the
whig leaders predicted that would not produce revenue
enough that would build up foreign manufactures and
that our labor would starve that the pauper la
Dor OF England might live. Now. let all those who
have been deceived by this succession OF prophecies and
of read with the following article
from the New York Express. and copied into the National
Iaiegenesr Of Tuesday last, the 9Th day Of October
"AN OVERLOOKING RKvENUE.-The importatons threaten
us ith sarpus $40 900 by December next
which, strange may sound say is public calam
y now felt by banks and who In city
subreauy yesterday w. 400 0O0-the largest amount
held there The amount has become SO alarming that the
Treasury Department. upon consultation, has promised in
some form other-we do not exactly see how without
some appropriaton--to deplete 1t.
buying from Europe not only silks, veivess. rib
ands and knicknackeres of all kinds, but what Is worse
ron railroad and bar iron when our mountains and hills
are full of tho ore and paying for them IN California gold
railroad bonds State bonds city and county bonds &C.
Hence these mporatons OF the last quarter In
New York city, which amounted $40 466 900 against
80 900 for the corresponding quarter oi 1891, which
was then very large.
Under This state of facts modifca alton Of the revenue
laws be comes the duty of Congress soon as Congress
reassembles in December The revenue In some form or
other must be reduced for surplus revenue, under
act is unenduab The free list must be en-
arped and the whole class of material Tor manuac
lures must come under it. This reduction OF duties by
them however will be inadequate TO keep the revenue
down if the imporations are continued as hey now are
and we shall be obliged to go some steps further
1.-THE duty iron is sometimes too high and sometimes
too low 1t il getting high now, and is yielding too
much revenue, iron rises in price in England and them
again. will be low as goes down over sea stdinz
scale Of duties for iron is about as bad as was the British
sliding scale bread As iron goes up in Liverpool the
duties go up New York, when JUST then they should
90 down and iron goes down in Liverpool, down go
duties New York; when just at that time they should 20
up
change in the tariff ls46a dsty that longer be
avoided or evaded even by the democratic party"
We trust the intelligent manufacturers OF Pennsylvania
and OF other States will read this article carefully; and II
they do, they will turn with disgust and with contempt
from the emissaries who have been sent among them
TO induce them TO vote for General Scott because the
democrats established the tariff OF ls46 The important
facts shown by this article in the Express, and echoed in
the Intetigsneer. are,
l. That nowith standing the independent treasury is
full nearly seven millions and half being locked up
- ia nil af mo
rates of interest are low.
O. That the independent treasury has prevented most
crushing and spread revulson in every department
of trade The Express itself, day or two ago, was
candid enough confess this in the following tribute to
measure il had Extensively and recklessly opposed
The Independent treasury has been ,uiary cheek upon
speculation phicl poud haze long since Wild under
he old system Of deposx banks" And the Philadelphia
Ledger neutral paper, adds:
Years ago. the Ledger took ground in favor of the in
treasury and the separation OF bank and State
consequence with opposition and the severesi
.Gourths Of the papers and politicians OF
the country. Now all acknowledge the wisdom OF that
feature Of the government We always contended, In
urging adoption that the influence would be that which
the Express admits has followed"
g. That The impouaiions have gone increasing be-
yond any former ratio, and beyond all whig apprehen-
compete with their foreign rivals our agricul,ur.ts enjoy
Ing good prices cotton in demand, and labor OF every
kind and degree happily and steadily employed at The best
prices.
4 That the very whg presses that declared The tah OF
1916 to be ruinousy low now declare that Il produces
too much revenue THAT IT MUST BIZ REDUCED IN or
DER TO SAVE THE cousTsr FROM THE OVERFLOW OF
MONEY
g. And, finally, that he dsnoerstc party, IN all It's
great measures again proved 10 be the only sale party
TO promote the solid and lasting welfare OF the people, TO
protect all interests and to manage the affairs OF the gov
eminent
Let intelligent wings read, reflect and decide for them
selves.
The Two Presidential Orators.
Gen Scott and Hon John Z. Hse-lhe one the candidate