The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-22
ass O1o 800


Now il the annual average production of the existing
system only forty millions year. why change it ?
quire IL Mr. Secretary Guthrie spent last year S74 ooo
Geo. including $24 coo principal and interest Of
the public debt and exclusive of the public debt $751;
COO He estimates the expenditure Of this year,
elusive Of disbursements for redemption of debt S
$4,000 His ascerained and estimated receipts for the
year $64 900 O00 But it Ia manifest that the expea
ditures for this year under estimated, and the
ceipts estimated Mr. Secretary Dobbn wants nine
S %Ge SsT and be win & them from
Davis asks for four additional regiments Of troops Thst
item will add 81 900 900 to this expenses So that
$70 900 for the year Now the is falling off
at the rate Of 81, 100000 month, and the entire de-
crease Tor the yesr from win be At the present
The receipts of the whole year therefore, be CAL
cuated At over sixty Millions allowing for full sales Of
true mark There viii be then actual deficit of
arising within the year, and the present surplus Of
millions will be reduced to ten millions on the
The friends Of the protective policy should hem
selves to postpone all action the subject until the
meeting Of another Congress- when the actual state of
the revenue will doubt require rather an increase
than reduction Of duties. But the question to be de-
cided also of principle which must not be disre
garded must have protection to home industry The
country is ripe for IT, and demands it, That is the prin
cpe which was recognized in forming the tariff Of 1872
and which blinked in the preparation Of that of
1S46 The operation of the tariff of 1912 benefcen
and successful Its successor appeared to operate
bly, well during the times of high prosperity caused BY
the foreign demand for breadstufs, and
by the influx OF California gold but with the reaux of
helpless as ndcd whale We must have time for
discussion and the arrangement of details.
Mr.. Atchson u expected TO arrive in Washington next
week, and contest will doubt take place 10 his
claims restored TO the Pres dency Of the Senate
think Bright will be worsted and that Atchson will
nation exists among Senator's for the course their late
has seen ft to adopt relative to the affairs Of
Kansas. He may be called upon, previous to reeec-
ton, for an explanation OF his speech recommending
border oray into that Territory for the purpose Of
dulent and illegal voting II the speech imputed to him
is genuine would be highly dscredtable to the Senate
to place him, al its head.
Judge Douglas has arrived in this city and received
the congratulations Of his friends of which
supposed to be rather rcn!cal than sincere Senator
johnson, Of Arkansae, who has been reelected for sx
years has also Appeared; Mr.. Bell Of Tenn Generals
yet amorg the absentees,
The reargument the Wheeling Bridge case as con-
cluded in the Supreme Court Friday
The first motion discussed was one to scquestrsc the
property of the bridge company for contempt OF court
IN not obeyng the decree Of the court issued At the
Of the bridge. The second motion for sequestra
tion OF the property and attachment against the OFF,
GERS Of the company for contempt in disobcyng the In
junction grnned by Judge Grer laAt june to prevent
the reconstruction Of the bridge as elevation less
motion for the taxation Of the costs awarded against
the company by the decision Of May, 1882 and motion
to dissolve the Injunction granted Sy Judge Grier 1884,
bug for the State Of Pennsylvania and by Mr. RUSSELL
of Wheeling, and Hon. Rsverdy johnson, Of Maryland
/
Friday by able address. The In which he has
conducted this long contested and important cass and
his arguments before the court have added to his
viousy high reputation ~ an advocate. learn that
Mr.. Stanton will argue before the District Court
in Philadelphia next week. connected with the railroad
difficulties in Erie and the result Of which may excite
strong feelings among parties both sides Of that
| dispute.
| WASHINGTON, Dec. 10, 1864
| The Reported 7ransfer Of Wet India Islands u
| France, DC.
There Is conversation report that nego
aon is In progress for the transfer to France Of ell the
British possessions in the Vert rndies equivalent
for the extraordinary cycrtions and sacrdces which
win be required Of the French in the Eastern The
great want of the allies ID men, England can furnst
money ships and material but cannot raise the troops
This negotiation il said TO be the special object Of LORI
Palmerston's mission 70 Paris The policy which dc
tatcs this important cession understood "a be this
The United States appear determined to all tn
West Indies After the acquisition Of Cuba and Port
Rec Hnyti would naturally fall prey to its system o
expansion After that the policy Of the republic va u
be directed TO the acquisition Of Jamaica and the othe
British islands.
The home government has still ample means to defen
them but her interests require the continuance 0
peace with the United States Her manufactures woul
be ruined her supplies OF American cotton to be
on for single year and American grain, In years
european scarcity, may be the only resources OF tn
British population to arrest the horrors Of famine