The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1852-02-21

the Treasury aud the Governor OF New
York, on the subjee, of hot house pro'ec.
tions II brushes away, at one dash, the
enbwcbs of sophisfry thrown around the
questions Of free trade and the natural laws
OF demand and supply The secre'ary's
own showing is full vind'caton OF the
wisdom of the tariff of 1916. The est.
mated receipts for the financial year, com
mencing July lsi, 1852. md ending June
30. 1888 are s3l 500, 900; whilst the es.
timated expenditures for the same period
anon, to only II So Dos 10 This will
leave in the Treasury, Jaly 1T. 1882.
balance Of S20, 366, 1i3 % There is,
moreover. evidence on the face OF the Sc
cretary's report that his estimates Of e,.
penditurcs aie exaggerated, while his est.
mates Of receipts are less than reality
I,om ,ic New Nort lpntnal rf Commerce
Tug I,RtFr OF 1916 -lhe paragraph
in Gov. Hunts Message relating to the
Tariff is ia admirable Keeping with the Re.
port oi the Secretary OF the Treasury on
the same subject Both these iunctonarcs
appear TO think tina, the country gill be
ruined unless the present tariff should lac
repealed, aud the tariff OF 1872. or some
other system IT plumber, introduced. Gov.
ernor iluut speaks Of an enormous bal
ancc OF trade against the counlrN' and
Secretary Cofwin implies the same thing
though his own flurcs show that the OK.
ports OF the year have exceeded the imports
about $1,000, 600. 90, but'--s29, 900
coo of these exports consisted Of specie.
80 did $4,000 GOO Of the imports. More
over, the specie exported was the product
of our own mines. or displaced las the pro.
duet OF oar own mines, and WAS less by
many millions than the produc, of our
mines during the same period 20 that IN
stead OF draNlng the country OF specie,
there was mere specie in the country. las
many millions, at the end of the wear, than
at the beginning, Can any one tell Us
why the product Of our gold mines is less
a dumcstic Manufacture than the product
Of ort iron. on lead, o. coal mines or lees
the fruit OF domestic industry than Il ha'r
OF cotton goods, or q box OF shocsi Why,
then should wc object to So much of tbls
product leaving .hc country as tie tiuctuH.
ton, of commerce demand Wei, nj any
rnte. saws the proteriiouisl, y y had not
bcfa Tor the gold discoveries, your free lrade
tariff would have ruined Is 80 they SAIL
IA l>ii h II hat not been for the famine
IA Europe, all tho bank. in the country
would have been broken Il i, bad not
becn fot that famine, and again. II It had
no, been for the gold discoveries, the in
ports would have been much less than thoy
actually were Mr. torwin wishes Con.
ptc.s TO aierposc aud regulate these mat.
tore: Lnt we can tell him that they are al
ready regulated by power much stronger
than Congress, aud much less liable 20 err
The natural laws of tfade--iho relations
between supply and demand will, il !en
alone. regulate all these things in the very
best manner. Should it happen that We
import too much Ia any given period, the
state Of our exchanges will soon reveal the
lact and the sclfiHtcrest of importers ~ill
restrain them We once had n chartered
repulator OF domestic exchanges and cur.
rrncy--the | utcd states Bank -nnd there
were many intelligent men who honestly
believed that such an institution wns mdls
pensalle to the hcalthtu'ucss Of both But
the Bank has been dead some 5 years, and
the condition OF the currency and the ex
during the life OF the monster. one would
suppose that the county would proh' lay
this teaching. And indeed it has ptoti'ed
hut the pfotectlousis are not the country.
hey are a minority Of the whole people,
and mast he cunion, to let the majority gov.
err IL j. amusing TO see how the Hon.
Secretary labors to explain away or parry
the force OF facts which he is obliged TO
communicate IN 1919 80. the crop OF
cotton was so small. tina, the price was
enormously high. Ia lS5o-l the crop was
iargc, and the price still high The crops
OF the present year, be tells us haseSceed
ct toat OF last year. and viii therefore, he
calculates rrpduce much less money Ia
short, every thing has worked Ia 'avor OF
the existing Tariff rutll now, and SO he.
prevented is evil tendencies from being per
rr.,.t l,u, now the mask is 10 come Oh.
Now tho detormtv OF the monster - 10 be
revealed. We'll. we shall see. Hitherto
the present Tariff has ialsliied al the pre-
dictions OF the pr1,cci'onis'., aud It will
doubtless do so hereafter. " ben il first
became law, the pro,eeliouists sad It
would yield very inadequate revenue.
Bu, instead OF this. il has yielded revo.
nue. immensely greater than TIE 1arF OF
isi2: revenue which hHs carried the
nation through M expensive war with com
par,,ivoly little BORROWING. aud will Coon
culnuuish the debt eniii.ly Apd 50 oi
other predictions. Hu, we have no time to
) naf,icularise
The plea Of ,hr Hon. Secretary that last
..l3 Ia, l..s IA