The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-02-04

To rHs Hon. r. N. 7. HusrsR:- z
II ID said that Q democratic congressional csuc 1u
have resolved 10 modify the tariff, preserving thu
principle Of the tariff OF 1884, Tee principle
which Ia thus approved / presume to be . revenue
duty. The constitution makes II the duty OF Con.
grtss to regulate our commerce with fore "a m.
ti6 ns,p and also "to ccin money and regulate ia
value" Torfgulate In 70 impose rules ard restric.
iioDs. Tie power thur given 10 "regcia.sr CON
merce with foreign Dations, as well az the power 70
coin money snd regulate It's value created an OBJ.
legation to protect tn value Of money from The In
cIdentl arrangement OF tie currency, which must
be the inevitable const quence Of An uureguIs,ed,
that IL, an unrestricted ommer, with foreign NJ.
tiors; end | am prepared 10 dtrnonstrate that the
contractions and expansions OF our currency, which
II Is the duty Of Congress, as far a. possible, 10 pre-,
vent, must bs an inevitable low rate Of adyalorem
duties.
IL Ia also said that many prominent Southern
democrats desire 10 ge. democratic congressional
caucus to denounce tine American party. Believing
that The new party organization wli do much TO
alay the s~ectiuna, jealousy and party feeling which
arrays the North against the South, and that rs
tendencies viii lie TO unite the North with the South
! venture to address you, ard through you, the
State rights party Of the South.
add Iess you as an intelligent Southern states.
man, the friend and compatriot OF Calhoun, possess
Ing as much, or more, Of the comic sncs OF that
great man than any other member OF Coagres,;
knowing that /. was the purpose OF bis public LIE to
unite, frat the South, and then the South and tho
North, that the North AID the South, united, nigh.
act together In the maintenance Of their comuon
interests, in the great conlic! for commercial and
finaI cial supremacy the comirg Of which he fore.
saw and fcretold. In proof that he well understood
tie motives and policy which control the govern.
mont Ct England, | refer you to his letter 70 Nc.
king, ter our Minister to France, and /, an extract
from q late humber OF tho London Times, ths or.
gan OF these who cJntrol tho money market of
London. Speaking OF the war with Russia, the
Tunes says -
Eve can fortss no prospect Of peace until the
fortunes Of war shall have declared whether the In.
fuence Of Russia or that Of Ebgland aud France is
hereafter TO preponderate In the affairs Of the East
and Of Europe
This ad mits that the war in which England IA
now engaged Is TO determine whether England i,to
r.taIn her control over the trade and res 1urces Of
India. That you may know the estimate placed on
this trade by British states men, I quote from the
reina' ks al the Duke OF Wellington, who, IN, On the
proposition 70 repeal tho corn laws. said :
am sure that no man laments more than | do
that commerce and manufactures should be NJ all
depressed, but ] believe II the corn laws were re.
pea.ed to noriow net a yard Of cloth or a pound OF
non more could be sold In any part Of Europe or OF
the world over which this country OEnglsnd) does
not exercise . control. Tho greater number of
European nations, and Of the nasions OF tie I'll be,
have adopted measures for the enc engagement Of
home n snnfsctuies. These measures were not, as
stated by come, taken In consequence Of .le British
corn lave. They are attributable TO the example Of
this country. They lad their rise In The spectacle
which this country exhibited during The late var, and
In the great al noble ~exertions by which her power
and ~ eth a IL - -
Those who contemplated those exsrtlons, as we'll az
those Who were relieved ard sss a,e1 by them,
thought they might M well follow he example OF
our power, oil our INDUSTRY and our system Of CON
nuioe. They have followed our example, and baye
estsbish,d aDorg ihems.Ives manufactures, aud
given a stimulus 10 tteir mmsrce
These were The words Of on Ct the most SPACIOUS
British statesmen. He knes that Il was The DO g6r
Of British gold. rather than TIE valor Of British ans.
that ensbied England TO subdue Napoleon. lie knew
that her h mo manufactures were the source Of her
credit snd her commeIte, and enabled her 70 subsi-
dice her allies, and thereby 10 c3nquar her enemies.
He saw that most Of tic European naaons had Gre.
ated home manufactures Tor themselves, and that,
therefore, EDelsnd could not, by the repeal Of
Ter corn laws, sell her iron or har cloth
to those WHO had become her competitors
IN the msrkets Of the world and Tat
ale was cor PEELED 10 look for a market TO those ooun.
ir,s over which she exer lied a legislative "c)a-
tioI" In Other worcs he knew that being 70 longer
able 10 sell iron or cloth 70 The other Europsan ma.
ucps WHO made iron aud Goth for them elves.
Englar d must lcok 20 India. Shcso commences she
could. regulate by &C. OF Parliament. England,
tteItftre, sends her manufactures - India ana
there exchanges them for the tropical products oil
India, which the brings back in her ships and sells
70 other EUROPEAN nations, who, although they man.
uiactnre ior themselves, aud VII not purchase British
gcors, have no tropical colonies, and are therefore
compelled TO purchase and consume The East India
produce which has been purc hacd by B.issh mtr.
chants, BY an exchange Of Bftlsh manufactures,
and carried In British ahi ~. II will tins be sseu.
that altlUunl Ilp car not ari Iar rnaVus.gtrn.a y
other Europfan Da,ions, England cempcls them 70
pay her II butte in tie shape or profit on her Eu.
India produce, which she receives In eSchar ~ fr
her manufactures. Toat you may form an tstima.e
OF The value a. the East 1tdia trade, I refer YOU 20
the Edinburgh Reriur, which says -
Tie Hlttion Of India 20 England Il very dif.
ierent fom that In shich we stand " any o.her
OF Cur tfan smartIe posse ssi0ns. Our colOn'e.
take our Manufactures tnd Iay "a, FOR them, and
our mabufsctuf'r r. and sh~lposnsra make ttelr
respt tive profits by ttefe transactions. India
allo buys our manufactures y a large ard
ncieasibg extent, and n we govern her veil
ard utsi her 'aiTly, hfr yRluc rs . custoacr stri g..
cIea'e very quickly and gu atty. Every facility
given 70 the sale ~ her productions here must add
y ibe fund hom which sic ~. > ior British manu-.
ihturts. Bot Indie j. more than . customer. The
peculiar clIcnmitlucts In which The i pa ccd zen
Or htI tributary - o. 70 = very large amount. GA
the whole, we are IfrfuAdtd tha, tie amour, 0; tie
pubic ard private ftn itiGrccs from India. for whish
bis county dpgiAndj mnkfs NJ return, /. very IT.
10, " Al tl. oy,r estimated a. - 900 600 pr snEum
$40 GO0. goo
Tie ityierer thfn ttls rs .bat .uch Ia tte urea,
extent = The Brtish pOttttsions In Fsdia, ani that
he INFINITE notifications 81 soil and clima,e % b.
found IN them are ,uch, tia. slmcst Gytry prJdnc.
ton Ct every ciimsie except the Arctic may b.
b. ught o. MI tie perft ctlon " which they aB cap.-
he IN oiisr csunIiss, std breaks forth, sayiag
"Hyv gritvonsly this noble fed has been Eeg.
lecisd or NIL managed, tbe great infenorty Il tas
cotton a lndia 70 that Ct A mer q, and ~ H. six 70
ihst u Italy Or eyfn ~ CHR q; the comparatively
4 4 n o. 80 NJ am4AW AN.I 10 81
and The high coat n production, an the wretsbej
quality q ls tobacco. vii sufficiently dsmonytfAts.
The pfox mate cause u Ialpsble 70 The superficial
otru ysr. lrdia u mtcably poor.
. There N 20. sufi lent prlyae cagllA
tor private credit In n dia to pro .aos oueswenti.th
art ~ ibe great stsples With which she IL, 10 one
,tI -, able 70 suJplj the world.
he pyeriy q india nusl be cured " the s.irae-