Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-01-13
FAETS ACIINSr THEORY.


treasury q truth in w: ,o Absurd rr'ehsi1s
and iar-cri2d cIicancy ol the Secretary VI Treasury
ard The Governor o New York. on tie i"cl nl hot"sC
projections. Ii brushes away i'll ore a$l the cl,v.css t
srhsy tnrdwn arcund The lucsj OF free trade and lie
naGral laws OF demand and su?qiv. The Scacarys cwi
showing Is ul ynfcaon oI the wisdom o the !1!itt o
lo1o Tue esla led receipts Jr the fiscal yca!, c"nEairrg
July is 1852, and ending June 50 l5'} SoSuU coo
whilst lie estimated expenditures the geriHd amount
10 Only 1S92?99 10 Tits viii leave III" Treasury, July
lst 1882 oalance Of s203G6i3 So ine;e s, :orco:na
evftnco %" the lace OF the Secrlary's lcpst a; lis
Inmates Of expenditures exaggerated while his ial.s
.! receipts are less than realty:
From lie N.w YORK Journal ul Co.nmcicc.l
iEE lAitlF + Ot lSlU.iir Paragraph Gov liuGi':
Message relating 10 the r:riii is in ai!nraGc keeping win
the Report ui the Scce!ay Of Tie Treasury The
lJect Both rsr unctiuna:ies appear 1" th.S tnat he
country viii be rainc uhsss e present a::i oaG ur to-
pea'; and the .ai q! lsI2, "thar SYSTEM oi plum
der, Introduced. Gnyeuur Hunt speaks If
balance u trade against the county Secretary Curwn
implies the tng though .s figures show that he
exports oi Tic year have exceeded the rpnrts ar"'i
S20t00G0 90 bn$29 Coz 600 Of exports consisted
Vi s?tuG. So did s. UUu GQO imports Narrower he
specie exported va" the product oi mines. dis
placed by The product vi mines ami was less hv
many millions than the prriuc, u our mInes during The
ri'H 81 iint instead "I dfdrinG ihr cDuay ri sp,cc
here specie III the c!unry bY many uiunS
The end OF Tic year. Than a, tfc anng Can any TIL
why the product "i mincs Is less domestic
uafnEe lhh! !c fT'LEc hl iE", cGi ilits
or less iac fruit Q. domestic industry than h@ie ol cotton
goods box OF shoes Why, l.en should We oh.ct
much Of this pfoiuc leaving 3 cpuntTy "a III: inctu
commerce demand! Well any rate the i'io
tccrnsts, il l. hGd not bsen ff gold discoveries, v.,
Tree trade tariff woTid nave ruined US SO they said in lo4T
HhaG not bean r taa iue in Europe, all the bans in
the Country wout have been broken. II il had no, hert lrr
at famine ard again. il had Rot btea i0T The gold disco
veres, the imports would have been !uch Ic.s t.,an hey
uay were. Mr. CUrwin wishes Cun-rcss 10 incfusr and
regulate these matters out we can tell him that hey are a.
:,
ans. mucn less lnhr I"
The natural Iws Of lfa!e-thc reltions between sauy
and dcmandH If irli a.nrc, regulate all t;sc things ~
the very best naInrr sE"uid il happen T. at -" n.lu!,
much in any period the stale of oar cxcnln" viii
reveal tc fact a;t the s.!.intcr,st U importers will
restrain item. We once hal Il chartered regulator a do
nestle exchanges ard currsnrrtic Unite! States BI:s
and there many Intelligent who hone SLY htirtd
tha. such an institution Indispensable n,nIr.u-
OF bolh But the Bank has ec:. dead 10 years,
ana The conIlium buti oi TIC cucHcy anI tc cxc!acc+,
Booriousy better than il WAS during tie lie Of .!c
One woud suppose thai The counry would prof; az
this teaching And indeed II has pOiei Bn; The pTpcc-
tonsts are not lte counify They mn"rt? OF me
whole people, and mus! b. Ia lei The majority
crn Ii is amusing huw iiun Secretary llh:
explain parry the forge of facts "!ch lie IS oii.e!
communicate. 10 loi9-5O The crop 81 cotton "as 30
small Tint the price enormously hiGa. Ia lo50l The
crop large the prices -ti! ig tn: crop The
present year. he tells Us has exceeded Ia n last year, aa
will therefore, h= calculates, produce mach !css money. In
short every thing has WORKED III favor OF the existing nh
until nnw has prevented is evil tendencies IiIn
ing perceived B.; the mask is "ii. No'r '.@
deprm.y uf the monster Is 10 hc revealed Well We sh.
Hitherto the present Tariff has iAiiiti all The r'c-
o the Pr"ttc.i"ul-S ad il VII din,lcs- 0 80 mere.
a:tc When IL first 5rcame Law, Ii" '+trcii0Gisis sal;
wuul yici very lnt!cqnltr revenue. GI n."ad Of i.
has yielded immensely greater than i' lIiii u
1912 which has carried the natir!! tn
acnsre war with comparatively little borowi"g ani 81.
eXnguish the debt entirely And other p'cGIG.
lions. Bur We haze not time To paIricuIarisc.
The plea of the Hon h, last years cotton crop
sold for less noacy ia The foreign market than It nvuic
e here SHOWS ~ least that m Wa: hard pushed 10 luaGr out
We doubt the truth ui "Ia;. w;,ci. applet
The crop wa1le. but the Secretary disposed
behind his house Valuations nc ought il all
fairness do il il regard o,'r articles well cDii"
The result would DC, large addition 20 il- sIiu, .r:
above the Custom House arpraserrnr. FJ We ,E 10
the Hon Secretary that merchants aiid slap
do generally wuiH loss, bat Eruilt a.
general sHark tie "r their c'n0!,ii.s IN tive
other side ihan hry Gust here, t"r hin. IL i nd "'r-
,.s And il * win is rr..:;ccd price y: Their ""a .liI-
res thai they purchase !oegn go0ds in The locign markets.
So that the Secctlys plea will on the whole operate against
himself
He tells "a! thcr thar the value of bread stGs exported
last year, Only S29lS653 (Which s-ss ;nr 1"lrd
what rxp;ieI the ';mn" rcir) ont hr i5Gcis 10
state 81 94S G53!s 81 900 900 'y"r
ted in year under TIE iari! oi l-42 h;i S6UOuuUJ
more than The annual average under litnt la;iIi