Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1857-04-07
Prom the Savannah Georgian. !

line most Important 6ues'i0n WHICH mas engaged
the attention OF Congress during the past se'sion has
been the reduction Of The Tar . There could be found
man bold enough to areert that the sity for
such step Tss not I'm r.inent. Numbers, however,
appeared as It's antagonists, where 1t was found 70
comic With vsrOuh interests. In the New Eng
laud States, where the cuttvn aud woolen msuufactu
risa principally carried Of COURSE il met with
fierce opposition, although the reduction Of duties
proposed were ir ding, With the additional Induce
ment Of dye rtpas tree With uuiinportau. cutiea,
sIid -ew goo, ct per cent. The iron interest OF
Ponnsylv ania did violent battle, il sliyhfly in
frpxeh ppDu the protection granted II. Tho South
unit upon the messure, 8s any reduction Of th-
tariff 10 her cardinal docrine Of politics, and can
conflict with bu, uf hr! interests 10 wit that d!
sugar, which il not even The paramount interest Of
the state in which |, " raised.
As ths bill came from riir House of Representative.
TO the S-ns;e il could Esve- have ps--od tas! tUdy.
Mr Hunter Of Virginia, buws,er, f=red .ubsii
rurr, which in prIncpe is right. and -urtain.d BY
4 mos; au!e sps, The 70 c' February. IL 10 b
cear .lur al!un ut the pcly ~ be pursuud e.. ;he
con lnu.d reduction II the Tariff
We nre by no MEANS "urrelyts Satisfied with III.
Bill for tho mpr rras"n thar, while tho !:er l:St IL
extended " al ,xtrrVrdlnnry tx tnt, tho duff o..
manuHctur d cotton aru wOu-u 20 r!s, lrnn ST. of
nbirh lie South i. large c'n-unsr. are lat cui
down 10 fbe rev,.uur ,uGnrd lt H. however. aseI
in the right di.C; on, end We a Ii s- 'hs la bnytr
VI 'utur: prxr- .."n in rl- ss;no direction, aid the
uliirnare railnlh Y: ;r-u ;iair.
lur Ob'S pECt TN C:'.hS'lrO WIN I1e UHlf'r u
whe her or % Y'i rrr.. Ct reducing tbs rvr.
nue.. E1per,. nre m. taught u.. hv'h in England d!
mi, cuuu ~, where The protective system pre-
vai ed, that nIv ern'o reduciiun VI The Tariff has
Increased tho revenuH oi tho couhtrv. luCrraseo
consumption N re tnnn supplies The d, fcit.
Mr. Hunter go strongly an piaiuly lays bare ihr
reasons tor the nsasures that we inuet give them 10
our readers.
'rt-y are sn OBJ, ious tha. they u.us be remarked
even by the IN st ca .ual Ob-erv1r. We already &c.
4, Htn.y
tups tor ihr widest and must exrra,ngaut ech. ue-
Of expenditure, and none wild bu thu, il may hnd
som, 8 lvooites heru and IN the other Hous-. We
already hea of plans tor dsrr bu'inx the plus
v.nuo amongst the Sates and tor tnus changing the
relations Of rhie government tu the Safes, as 10
make II the anpher iu culleot and distribute reve
auaonRs. them m 'rity here may ch"osn, al
i's own arbitrary pi-aeur- We s--, fo that this ls
nHJrdiDg temp'a'iors 10 combinations Tor ine pur'
pusu Of plundrr amongst spullsinen and plactneD
who hang about tho Treasury, aud wh"se ihhusncs
must DO of the most cnrrupiilg character You,
perhaps, cir, Mr. WslIer in tho chair, t-oo-cf, tor
we oame into the House Of Representatives At near
ly The snne tIIne that AZ that uay, whsn member
voted for an apprOpria ~, hs had 10 explain him
himself, and 10 snswsr for il b-fJre The psupl- bu
now the rulo seens TO be reversed and wheu b.
votes against an appropriation ho II called to &C.
count, mud IL forced 10 give MI explanation. Such
state Ut things is startling, and seems ~ adIn"nsh
US, as strongly as anything can DO ut The necessity
10 the accumulation uf Ihs -xiravaganr and surpur
revenue. Ajuut economy Mr.. Pse.,denr, lie alInos
the greaest ot public vrtu.s ndetd II may be said
10 include nesry all Theses which look to the ma'erla
prosp-riry of people nuns. Mr. can ito mural IN
huencs bs valued highly; il causee governments
10 leave undons tbs things h, ought to Or done, and
do those things that ought NOT To he dOne -
But how can VT hope for economy when lsrge sur.
plus affords NJ 'nnny trhptHtions 10 Rreat
aud an irresponsible expenditure
f,Pr Yfinnf m
-uch nsaeurs No rhis something which will dspet-
the treasury and ls loose the specie which 10 hoard.
III up in its vaults into the general circulation OF the
country, as strung as The poltc considerations.
We are admonished by the Secretary "f the Trearu-
ry that the surplus Of specie accumulated IN the
vaults of the Treasury al the end Of this fiscal year
will BIZ some ~ QUO OOU and learn that the actual
uslsncs is likely To e1ceed what was estimated
"By the end of the next fiscal year. and unless We
sG, this session We can do nuthiug which will pre-.
vent that surplue, without resort 10 eIrsvagant hp-
preparations, il is est mated that the bsanoe will ts
sOmsfurty millions Of dollars. Indeed, probably will
be larger than that. When 10 reflect that the
whole specie currency Of the country, as estimated
by the Secretary of the Treasury, only about two
hundred and fifty millions Of dollars We can readily
Imagine the effect of locking up twenty thirty, or
forty millions Of hs specie in the vaults OF the tres
sury. Twenty years ago, before the discovery Ut
god In California aud Australia, the present sum OF
money boarded in he treasury would have cccas on
81 already, it hns only been becnuee the con-tant
production enabled supply iis deficit AZ II was
msd- by the ac.iun ul our teY-uue systen But, cir,
this h.;S baaa done u; great .Ap--o 10 The country
We have NOT only iust the pruhts on this sui Plus
capital, which is hvarded IDLY III tho vaults vi our
treasury, bur We have thrown on the productive n-
teress OF the country The eIP-nrs OF buying tie spe
Gle which was necesssTy to hil up The vacuum thus
occasioued and 10 preserve Tho general level Ut the
,us,;. currency OF Tho Country wit tina; Of the rest
Of the xurd that 10 20 cay These :ntrtsis muat te
forced either 10 10 that or else the banks will make
an .!furt 10 ruppy the vacuum by paper clrcu's-
;iou and thus expose us ~ The danger Uf another ps
per revulslon
"Uuder these crrums ances, the busness me Of the
cGuntry have brsome ARMED, and hay7 received
letter after letter urg nH m- 10 edVpt could do 30
u.st-ufly With my prnril les alnuet sry och, me
Of adjustment whh WI d dmini.h this us.--
Although i: tiSy he p'erioI-, Will not cay how pro
babe, that the constant production If gold may ens
hle US 10 continue 10 h up the vacuE which 10 thus
Withdrawn, there is a chaGce ihs. VIZ may not bs
abls 10 do so without ths revusnn Of which We have
bern speaking. Certnin 1t ~, that We canuof do II
w.!LvGt imposing great burden on The productive
interests OF tbs counryi thar 10 10 say, tho ezpsn-e OF
buying that much mo.o specie to dl up The y"cuun
thus nrtncially made 10 pr-serve the specie level
II ws du not preserve this level IL is manifest tuo.
there must bs o contrsc md rtvul'oh' Cuo.'
snoh circumstance, l have felt myssii n"t ""J %
thuris-d but T, lrec ~ press On ibls u oy ne W
sderatiUu Of some tneasuro vhusS "'J9c' "
dImiui,h this surplus revenue, aEa I2in i,. @ Wv
.r c i. I,fu th- general cirs ulat'"n 81 I's rouuy.
Il know that there 10 alriher reueny pf"po'eu' '"
nt large ard .x,ravagnut nppf' pfin'hhs' mat ol
.ur,inr The money I.np1 In ths -hnpe "t appr"pria
inn. tr various m i~f-, ar r d'e'iibaIioi am 'lgs
,h. a,iou Stsr-,; u eur ly iced nvf wa-re mo.
nan, !, yvr,y1r,y tho comparative Meri't Ut pa.
HIGH rpoucrs tax -'i"b, hul !ehsre this money III tn
u.x,,. ,,i the ve..pc, vnich d''te not Withdraw
=, ~ r. .,ar,ly from n-ur, nhd he v,her VII ch Or
.,,... Iarx- waa;eiu ebd, nay Dr. uroeosssarS ea.