The daily union., 1852-12-08
9 United states Reyiew.n

rosteI oI tue hrst number oil the United States Review
new democratic monthly, Published in New York. w.
have not had leisure for the perusa Of the entire pubs
but the articles we have read merit our warmes comna
daton In respect to politics. the Review is horouvh
democratic Its tone is temperate, but firm The a,G
ces are written with vigor and elegance withou, NM,
taint OF the fashionable fustan OF the day In s na.s
we meet none OF those violent antheses startling eo,
trasts aretched illusions and passages Of fierce a.
nunciahon or furious panegyrc which pass with soms
for fine writing yet its style earnest philosopbie ana
forcible We were especially struck with an s,,,I.
I" On the Great Surplus in the Treasury" which wa !,
tribute. by conjecture the pen Of our able
% Prentice" To exhibit the character OF The Rsvia a
subjon few extracts They shall be brief. The e.,
is from the article mentioned aboveon the treasury ~
plus. The writer, speaking OF fluctuations in The pries
Of government stock, says:
"There is evidently inherent vice in a sys,en ~
posed TO such vioe.s factaation. On analyzipy mos
thoroughly ystem, 1t becomes apparent ,ba, 10 co
an excessive revenue by high duties upon articles hi,
are brought into the country the proceeds OF nao
products sold abroad and which articles ene into the con-
SUMPTION OF every wokingman In the country for no obe,
purpose Than to redistribuc the money 10 capi,als,
stockholders in sums, is clearly and vltav ron Nv
matter under what pfetence this wrong is comm ed a.
taxing no otnef view OF than the direct one thai IL takes
money ont OF Tue pockets OF many workers 10 put nto
4
"Above and beyond this wrong however il ,ba i,;
Whch me general Interests OF the country sustain by bs
nfueh Which sach tax Imposes It's productive in
aus Inc increased Quantities Of products improve
money values, enhanced by the product OF gold bave
raised the dutiable value OF the impous m iay., ,
higher than the increase OF the COVE rnent expendu,
mus lew years since the sum OF the gross exports Of The
country was ninety millions. Under the superstition thar
the whole proceeds of that produce sold abroad n
the shape of dutiahle goods leaving the profits and ah
TO represent the free goods returned then an average dn
| OF ~ per cent would give S27 900 600 which viii
ahd ana oter revenues was ample for the support of the
government The extension OF the territory under the
istration of Mr.. Polk together with the increasing nu
bers OF the people, have added the annual exnend
ure but the sum Of the exports has swollen In yreaa
proportion. lhe article OF cotton alone has reached lI2
millions gold will be short OF $4,000 600 and o,hs
articles drawn abroad by the influence of Au.,raan ana
Russian gold upon the markets of Europe will swell ina
sum 10 SZoooooo ooo with still rising figure. Ii evident
than an average rate OF tax which upon given amount Of
exports would yield sufficient Tor support OF
becomes altogether excessive wnen the sum OF The no
or the amoGI, on which the is charged il ebs3
II 30 per 80 millions yields sufficient revenn. 81
pes cent on 20 millions will yield three mes TOO m sch
This income OF the taxable now pros sn0 Win
great mpdity and one oi two things become inevitable
either that the earnings o industry be poured into
The federal treasury In supernous abundance s,r
ned among obbers and Spectators that the rate OF the
tax must be reduced la proportion increase OF the sn
taxed This latter usually the resort of the rulers Of an,
ishing cities When they succeed in enhanc ing the sga
gate assessments, they forthwith the expend,n
and deriving the larger from rate OF ppo
hig her aggregate take credit selves "a,
The effect Of reduction taxes upon oonsn,sbla
arcesis, however, generally 10 promote the importation
Hence arises tht lower taxes sometimes give greater
revenue, The average OF taxation is now 2 n
the principal and as We have seen 1t has produced In t.
past year about 4S mllons The same rate or tsxs. Ca
1888 will probably produce 40 millions, which may b, no
TO the lowest figure But at the present rate b
tnrf may yield before revuon overtakes the
/ n Ia, e.
dangers but 1t Is depressing industry and highly
al TO tho interests of commerce counte the opera
ons oil the gold mines OF California by absorbing pre-.
cious metals into the vaus as fast as thew are
dug up there The effect Of this Is prevent the diffusion
Of the metals in the channels of and 10 snco,,
age the formation OF banks whose paper promises us=tp
their place This Is entirely opposed to the prncple Of
the independent treasury plan. That oontem plated no
surplus In the treasury, bn look,d only 10 low range
of duties as its adjunct, which supny moder,te a.
pehdure oi the government The drawing OF the national
coin through the treasury, without allow Ing TO ro there
was supposed 70 exercise saiuary influence npoH bank
ing operations, by keeping the metals always active
Tho check was sauaTy inasmnoh a. that when The 81,
pans,on o the bank produced larger mpoatous the de-
mand Tor coin 10 pay duties increased The auy mon
tne oanSh ana thus reduced the expansion which had
been the cause OF the excessive impora Tbs pre,en
working OF Il under du,ie. not in aocorIance win b
pnncple, but 10 daily the means Of initiation Thus
considerable portion OF the gold which arrives ON the Al
antic seaboaEd and which is absorbed into he nat,ons
II
10 California. slance is thus created IN favor of n.
West II mint were situated in New York 80 that he
gold could promptly be coined INTO nation al pieces then
following he commercial exchange u would psss into
etn circulation As is, the gold pass into he govern.
men vaults and the cteds are met y an pcrea.
ing issue Of bank paper which Is laying he foundation OF
speedy revulsion. Every ston 90 ms 10 the ne
cessi,Y Of the government moving forward in te al.
reetou entered upon by Mr.. Poks admin uaton This
requires prompt reduction OF the dues well TO relieve
the country Of dangerous burden as e toe he indie
pendent treasury to its pristine purity"
| From an article on Cuba take the following,
let approach this Cuban Goa rover.y yh oIean
hands and calm minds let beware how w. indulge
that peculiar enthusiasm which often ytstrs the leg
laiion Of repubcs which, under pretert Of establishing
the rights Of violates the right, o. st,tes M, "a Al
vine and benignan since by them alone the rights of man
are FIRST made good IL Cuba is 10 become member n
our system, must be because she herself ba. wed Il II
she Is 10 enter into system obery she most osse.s lib
ery enter therein.
The question OF the admission Of Cuba into our ,sn
continental system cannot be egiated until IL il .eusd
point nn faH aceonpt, that she 10 herself republic II
our attempts however bene6cently made should resu in
he rebellion and dsorRnnizaton OF her slaves, she is lot
TO as and to the world The period of anneration would
be indefinitely postponed
NOT are we less opt to appreciate the benefits of
grand measures OF extension which time ON lishng
'of Us with steady and et cual hand the bou Of
he republican empire gov outward like the rr rs OF the
OAK by an irresistible expansion and acoreton men need
rger room as their thoughts lager but they need
depart, 10 the pursuit OF gorions ends from the rroo les
OF justice and hnmaniiy III the island Cph, Ia 20 en,er