The Union and eastern journal. [volume] (Biddeford [Me.]) 1854-1858, 1857-10-23

E"tg -. yYi.u| HDIu. .u sar.s .Il.lg
!, oftho technical principles that govern trad'
and from day to day regulate and oontr'
the money market ofthe world. Yet Iha'
the pleasure Of feeling myself that, with n
i. gard to these matter, alone, there is tina
J. wisdom and power and energy In regard ;
8 the evils that are pressing upon the comme'
: cial community, that will enable tho mel
] chants OF the city Of Boston, at no distan
8 day themselves to provide remedy withou
I invoking the aid Of legislation. Even now
! within the last few days, remedy has bce'
given to the public for much Of the existing
evil to which the honored name Of Lawrence
is appended. Others Of our citizens are dai
, ly suggesting not only the probable causo o
the evils under which we suffer, but th,
possible and immediate remedy for those ev
lis. Bot there are somo conscientious Of Q
more general character, to which propos'
70 call your attention. .. ,i. -r.......... .
i In 1853 o new administration Of the gov.
ernment was organized. 1t proposed tc
change the policy under which the Ameri
can people were then acting, through their
government. .. '' '.'..'.. ' .'
It found throughout tho country, East,
West, North and South, perfect peace, an
entire and stable prosperity. The govern
men. Of the United States expended at that
time S54 900 900; it had o surplus accu-
mutation of specie in the treasury Of $2l,
OOO, 900 and it anticipated ON increase Of
that surplus to 1000 900 in 1857 and
S44, ,OOO, 900 in 1853. Such an alarming II
not fatal accumulation Of coin In tho treas
ury Of the country, led the administration
in 1853 to attempt the adoption of policy
with regard to the facts then existing. .
Mr.. Guthrie was then Secretary Of tho
Treasury Of the United States. Though
knowing him as public man, yet without
any personal or political af6liation with
him, and without reason why shonld
speak Of him more than Of any other man
in the United States, except as regards his
connection with public measure, have
the pleasure in standing here to say that Mr..
Guthrie, in his administration OF the Treas.
ury Department, as excmplifed in the COM
mencement of that administration in 1853,
and continued from then until tho close of
his administration in 1857, for his regard
for the great industrial interests Of the
country, his close adherence to economy in
the expenditures Of tho government, and the
fertility Of his resources in regard to every.
thing connected with the Treasury of this
government, he, Southern man, has been
unsurpassed by any man in that position
since the days Of Alexander Hamilton; for
integrity and for frmness in the discharge
Of his duties US he understood the interests
Of the country, he has boon equallcd by no
man in public life in our time, If perhaps,
We except General jackson. .r.,. m...I.
lie presented in December. 1853, RENEE
dy for the difficulty to which have referred,
the accumulation of S2l ,OOO, 900 of surplus
in the Treasury, and what hc proposed as u
remedy for tho increasing expenditures of
tho government, and rs power to bring those
expenditures within the rules of what he
thought to bo strictly right and correct, was
this-a revision Of The revenue laws OF the
country. From the year lS46, when the
tariff of that year was established, when its
operation was very clearly foreseen, and de.
picted by many distinguished men in our
midst, until the day when Mr.. Guthrie en-
tered upon the administration Of the treas.
ury department, there had been no policy
suggested to this country, which united the
different interests, which rcconciled the con.
hicting elements OF different parties, which
drew to it's support the leading men Of dif-
fercnt sections. represented the different in.
dustrial pursuits of this country.
Tn, measure M, ,ba. bc nn,ro,no.ed had ,b;,
benescen. result I. wa. TINT the eight
scbedulss of the tariff of 1915 should bc re.
duccd to two. that one schedule should nav
duty Of 25 per cent, and that tho other
should embrace a list of free articles, raw
materials imported into this country, to 30
used in manufactures, and which were nec-
essary 10 tho industrial prosperity of tho
land I. VIA, r,ecee;ved e; with GREAT favor in
ov.rv r,,,m NAV, or n. co,n,rv In tho Convro<s,
,e ~. I,,;,.a s,,,.. - L,d ,ho ;,nro5;o,s
IA =. ,,n :, 81. W., p,.,, nd
.,c,.,.-.-. $50 Ia, al -.,....,,.dhr A.,
- an,.Ss ~ AZ. s;.,.;s, :. -. M;ddIo
npps S,ia :, ~, ~ @ ,hn .n"ar, ] ,e ~. - n.,o.r,,is
o~ - I;., A., -. -, =,
pa''' ''a"N ' w -o.