The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-09-14

1901 soo..'o,S
le5Z....... .......-.' lso,o.I,oso ioa,ooa'na
1858. 1858 1s9 l6Z
lee4....... ...'..... oso 1ao'r rY Ss
$780,. Isl, 340 l9Z,'oLioo
Total. 81 5el, 475 COS s.32s,l4i 900
: Making excess of imports or leaving balance OF
trade against the United states Of s2e3 33 $780, add 70
this the balance that would have been in our favor at
the under the ~ ste Of 1872 and i VIII make
somehlrg like S4O0 600 900 that have lost by the
char re of the tariff Of 1912 for the tariff Of lSs8.
While this system has been imposershing us as mat
dence OF which will here insert an extract from an
article taken tie London Times Of August 8, written
nearly at the same time that was speaking IN Rich
mond'-
the half relating everybody pref
sn %hh are 20 % & % ss ny
Which far far Cusg Sk as IF mhf ss@ rom
nasiy Of the sinaton comprehend the In the
earlier pages Of the Diary Of Peyps or John Evelyn we
THIS xs be- S
G Sh on ss
mater Of course and the are mechanically written
wl9s Win
apt GS1 sye Are 5 IF bH
IN he Of the total which exhibits ne enormous
living.
In this connection let me read article taken from the
INV YORK HrHAID to show bow the system still work
ing and what calculates will be the consequences Of
this over Importation although does not 60 back to
chow what it has been for . series OF years past
COMMERCIAL PRosrEcrs-we Sec with some apprehension,
sn The s na %ss a
WIN high for several weeks during the coming bu
ssss s now e
gsG Wheeler ms s so Would ssrS fail 70 S S
ted and merchants compelled TO realize at runons sacrces
highest degree financial revuson may be expected
a and shake TSa credit ne s e
countries Sor our financial prospects as honrhng rs
hand ths wi some ay break down with crash Half our
railroads are bankrupt the truth were known and nearly
der The eircur TO embark period q imitation Is 70
At any moment which Will reyeroerae from Paris TO me
Mississippi
wheth,r that revolution takes place in France,
it obliged, at some future DAY, TO come upon US, and
Ieveberate from one end Of tn, country TO the other
unless toe syss accepted oy the democratic party y
edy goae lar 10 overt it, Pay day must come soon.
n or later, and If the European had continued
houd have felt Il before this more severely than We
have but let us procted the financial system and
here show how our Indebtedness stands this day with
Europe. have approximate means from Oil
eal dets TO which choose 10 connne myseO OF ascer
airing ~ gold that have received from Ca
No, ma than il r he by the coinage Of that metal At
the din, rent minis OF The United states The amount OF
gold coined In the United States from the year 1892 down
to the car ls47 (Which the period Of time when It
began 10 come 10 from California; cay for hty f~oy
WAS s52.ts3s10 10, or average OF about a million
year. whkt the amount coined fro ls4T 10 30h Sepem
Der, 1885, was Se32 a3213T 81, average Of f36.
ssl,sss ca This undoubtedly shows that there has
been All IN mense influx Of goIa from California. which,
properly husbar dcd YOU d. with ueicious commercial
fyfts or, IN other Words well regulated tariff ttat
would rot have induced excessive and runors importa
tons have put far ahead Of all TIE countries the
globe in financial point OF view and the question would
naturally Rave presented se-what has become OF all
this moneyfif had not already shown you that Il went
pay the excess OF goods imported over and above
and beyond what exports would meet But will be
more specific. ana make 4 more apIarcnt From the
year 1871 10 lts imported Sill in specie aud
curIg tie same time We exported S2e, 800 O2, thus
showing that in the twenty seven years preceding
the iarn Of 80 we imported ssl, ia 1ol 10 specie
goods wares and merchandise, we brought back that
much money with US and that Il averaged about 50 la
Isl year whilst during the years lsls-s-5o-5l-2s-I
and o We exported sls3 SIS bs2 and during the same
period We imported 81 2so 5g2 making Of
pcrsion Of sis2 e2s 900 an average o. s SIS 623
year 20 hat ifter paying In tho OF eight years
under the operation Of the present sysem the sum OF
$780, 900 In the precious metals, AMI above the
smount q our eriire expectations we are stll len 10
debt this account alone IN the Of $40 sos 70g with
all The interest that has accrued It. If this al
We might weather the storm bet when We come 20 add
10 this amount CT indebtedness Gil the State, corpora
top, railroad and other stocks and bonds he'd in Europe
sBa bcrrowcd. whist this balance Of trade has been
push AGAINST uf " VIII masc our Indebtedness n1t lc,s
perhaps, Then rcm four 20 five hundred millions Of dol
lars and let the people o Virginia estimate this
By the value Of all he property In their State which
10 1850 wns estimated including real and persosal pro
periy, at $500 Oi,tS2. from what have said u viii
appear that the coinage OF gold IN the United
isiI has averaged see gas g. OF which yoa have
exported nm aversge q s?2 Gs e2s leaving surplus az
one might suppose Of si 42 2S year for the a
The people in The ordnar, channes Of trade. Not exact
~
great democratic panaces for all the ills &C fe by is
provkions the revenues Of The government now amount
10 st5 $50 S. ell TO be collected In specie and
locked up the .trong box and whilst there s Of no
more use value TO the people than n II had been
turred 10 the bowels Of The Earth in California y these
customs duties paid importsd goods amount N
sss,c2s,Ios a. nom public lands sllsoT, o4e o. and
from miscellaneous sources sssl,ts1 2I-making In all
se5 oc3 CSC 80 which added to the average balance
The treasury Of $40 600 600 will make the
OF ssb oto 600 that either locked Up in the sub trea
AMI n he n min
,ut ~ The vaults OF the United sa,es and being
handled but by those who have to receive from
Ray into the treasury OF the United States. but all
the time abstractd withheld from the public chaunes
Of trade and commerce. from which, by wise aud ju
dicous system, II would never have been WITHDRAWN.
we this specie has accumulated from time TO time IN
the vaults OF the treasury TO such 10 pro.
duce infinite distress and enhancement to the country
and IN oroer 70 prevent searching examination into
and exposure Of the Gin part At Ieas OF the
con mcIcal difficulties under which the try was la
Dor ~, las been found necessary get this money
81 the strong box and restore again 70 the channels
Of trade where as tad should always have been IN
active use AID what erpedient do you suppose the
dom Of the democracy hit uponS Why, 10 bur M their
own bonds not due tor nine ten, twelve fifteen years
At premium Of fourteen, fifteen eighteen per cent
ard IA this way they had up 70 the 1Tth Of November
lss, redeemed some thirty millions Of bonds. for the
privilege OF doing ~hioh they have paid q prcmenHof
en- hve millions Of doars-,hat . 70 say having W.
.uh, o,cd The whole community 10 great Inconvenience
and Tor which the government had No use they pay FIVE
nlors Of dollars for the privilege Of unlocking the Urea
Jury vaults and getting back into crcu alton thirty mil
ions: and this IN the system Of commerce and finance
hat beon adopted by the democratic party and Is ex
He'd 20 the skies rs the most perfect 10 be magnet and
h hch the people Of the United States perfectly
ntent because they kept IN state OF constant fer
nj and excitement upon the subject Of slavery. sub
nit the tables, the iacts and the arguments inc
scit end rejecting people, and ask am justified in
sy ng that such system u adopted by any business
IN the country, would bring discrcdt and dshouor
,Icb his house, and ultimately bring him 10 absolute
uirY As mean TO be perfectly candid on all subjects
NUT say that don't think Mr. Flmore's sd lnstrson
I'D Itself any particular credit in permitting for three
In power, this system 10 prevail without an
Not 10 reform H. will not 60 into the question dc
ats would not " could. No doubt large number Of
rtcts anufacured In this country sufficiently pro
tcted whist others stand In great need of protection For
hele item may mention that do not believe there 4
MANDATORY 81 broadcloths In operation In The Tinted
ates the want OF protection hut you wan, 10 nc
4 osrcrtus, this excessive importation must be cbecs,d
nd q you want an honest Administration. you must re