Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1856-12-18

no such balance, will any one tell why
we buy SO much on credit' and why we
are always trying 10 "place" railroad
bonds AMI stocks in Europe? !.
Mr. Guthrie urges reduction of the
Tariff. for reasons which do not seem so
foreible TO US as to him. How a debtor
in the sum OF Fifty or Sixty Millions
should feel impelled to reduce his in
come in order TO save himself from ha b.
its of extIavogauce and his servants from
rascnliiy. we do not perceive. Why not
first pay of his debts. or provide the
means for paying themf But We Go not
object to the mode Of reduction which
the Secretary indicates; in fact. we hear
lilly approve il. No dead level Of twenty
per cent. nor anything like il, is coun.
tenanced by him. On the contrary. he
would remove entirely the imposis now
charged on certain raw mate.ials-Wool,
Silk. Furs. Hides and Skins, &c.-so as
10 diminish the Revenue. simplify and
reduce the labor Of collection. and at
the same time give advantage 10 our in
fant and struggling manufactures. In
this view, we believe him entirely right.
and trust ;hat he may be needed by the
present Congress. Under this head, he
exposes the defects and vices OF our
present Tariff with severity all the
more rigorous that it is manifestly unin-
tended. We are quite sure he is righ,
with regard 10. w ool. and that free i'm
portation Of this staple. regardless Of
quality or price, will prove beneficial TO
our wool growers os well as wooIen man
ufacturers. The fact stated by him that
British wool actually advanced in price
iuring tie year ia which the Wool duty
Of twelve cents per pound was taken off,
is strongly in point. Oar wooden man.
ufacture is far weaker than the British.
and the good effect would probably not
be so speedily realized as in the British
case; bur activity and prosperity to our
woolen manufacture would soon extend
10 the wool grower. Every tun of 70
reign wool imported and manufactured
would make market for tun OF home
grown wool in the joint production Of
fabrics now mainly imported.
Salt is on the Secretarys free list, but
not Sugar. He does not even hint ct
reduction Of the Sugar duty. Here, TOO,
we agree with him. Iron and steel he
dHcusses in-such manner as to- show
that he looks TO the retention Of the duty
and the gradual expansion Of the home
product TO furnish both in cheap abun-
dance. The Secretary forcibly exposes
The fallscy ofsny attempt to substitute
Specie for,our present mixed Currency,
but deems it incumbent on him to preach
n crusade against Small Bank Notes.
We regret this. Small Notes IRE not
necessary to the collection o. his income,
and he rejects them as he has a perfect
right to do; but we need them IN picking
up our living in SIS, SIS and SIS, ns
well as S5s, Sos and 20s, from Maine
TO Minnesota, and we have many subscri.
5ers who. in the absence OF small notes,
would with difficulty pay US at all. On
what principle, but that of the dog in
the manger, shall the Secretary impede
the receipt of our modes; income, ;when
we do all we can 10 facilitate the collec.
tion Of his bouuteous sone3 II any State
chooses to prescribe Small Notes. il does
so; if any State chooses TO have them
Why not' Mr.. Guthrie's suggestion of a
Constitutional amendment to prohibit
the issue Of Small Notes is like breaking
butterfly on wheel-it can never be
carried out.
The Secretary argues that Ad valorem
are preferable to Specific Dulles. but not
very heartily or forcibIy. Simplicity.
exactness, labor saving. honesty. are oil
in favor ofSpeeiflc Duties. He tries 10
ideiitify Specific with High Duties. in
defiance Of the fact that Great Britain
and other Free Trade countries uphold
Specific Duties 50 Tar ss possible. The
fac incidentally stated by him that two
thirds of our Imports are on Foreign sc-
count. ought to have weight in this con-
nection.
Mr.. Guthrie puts the amount o! our
Federal. State and Corporation stocks
aud bonds al Fourteen Hundred Millions
Of Dollars. Of which over Two Hundred
Millions are held by foseigners--in 9TH
cr words. we owe to Eurcpe Two Hun
dred Millions in This shape, net to speak |
Of others. Does Mr.. G. believe that
we would have been thus in debt abroad
II the Tariff Of az had been maintaineda
We are sure he does not.
The cost sf collecting the Revenue
rom Customs, including Revenue Cut.