The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-06-21
BALTIMORE.
MONDAY, JUNE 81, 1858.

II was quite in accordance with the t'eternal fit
ness of things, that the first popular response to
the PROPOSALS. lately issued by the Honorable
HUMPHREY MARsHALL's 'Lttlc Party at Washing
ton, for the establishment of New National Party,
upon a platform of their own making and with
name of their own choosing, should come
from the little State of Delaware. At an
immense (sic) meeting of the ''free and indie
pendent voters of that dminutve State held
Gently at the town ofDover, after resolving' unan
imously-
that this party shall be the PEOPLES Party
it was further ''resoved," with equal unan-
unity that
the expenses of the General Government should chiefly be
borne by the duties foreign Imports and in laying such
duties the principle or the Home Valuation should he
made for the purpose of aordng just PROTECTION TO
AMERICAN INDUSTRY, and that WE ARE OPPOSED TO ID
RECT TAXATION.
The language in which the good people of Dover
have seen proper to express their sentiments is
little muddy, but the sentiments themselves
clear enough The 'sPeople's Party is opposed to
direct taxation and is in favor of protective tariff
This is their platform. - In much longer string
of resolutions and with the use of a great many
words, another meeting held at Philadelphia,
last week, contrived TO express itself to the
effect. At the latter meeting the Honorable Hum
PHREy MARSHALL assisted in person. as did also sew
eral distinguished Republicans Speeches were made,
in which the declining and impoverished" condi-
ton of the country, was duly and graphically por-
trayed and resolutions passed. in which the
ton declared to be state of paralysis, the
cause of which was voted to be the present free
trade policy of the Federal Government. A
high Protective Tariff affirmed to be the
only cure for the evils from which, both the reso-
lutions and the speakers agreed, that the country
was suffering and total bankruptcy of the peo-
pie and the Government was predicted sure
''to follow in the wake of the existing SYSTEM
Having thus established as far as speeches
and resolutions could establish, the necessity
for a New Party, committee of seventy
six gentlemen was appointed to complete the
work of organization, and to invite the Co
operation of the friends of Protection through
out the UNION. Thus the first step may be
deemed to have been fairly taken towards the in
PRODUCTION of new ISSUE or rather the revival
of an old one in the politics of the country.
The formation of a new Protectionist party by
means of a coalition between the more moderate
Republicans at the North and the Americans at
the South, is distinctly foreshadowcd. Failing in
their experiment to bnd up a "Peoples Party of
the Union,' upon their own platform, Mr.. MAR
SHALL and his friends are driven TO the necessity
of going over bodily TO the Republicans, upon the
issue which they have raised between protective
Tariff and direct Taxation.
That such an issue must sooner or later
arise, We have always foreseen. The COM
mercal revulsion of last year, by diminishing the
amount of imports, has lessened the revenues of
the Government while the Rebellion in Utah and
other matters, have in an equal proportion, in
creased its expenditures. This fact may have
somewhat preciptaed the question upon the
country, and so far favored the plans of those as
piring politicians who striving for @ Re
construction of Parties Ultimately, however
the necessity for devsing some method for
meeting the expenses of the Government would
have forced the subject upon the attention of our
statesmen This necessity, the Republicans have
anticipated, and hence, the charges of extrava-
gance brought against the present Administra-
ton, and the cry raised in favor of ''Retrench-
ment and Reform In their anxiety to avoid
resort TO direct Taxation and heir desire to re-
duce the expenses of the Federal Government to a
point, where Protective Tariff might be sufficient
to supply the wants of the National Treasury the
Republicans even propose 10 disband the Army,
and to sell the Navy. Such is the proposition
of the Tribune, the leading Protectionist journal
of the country, and such must be the policy
of the New Party if they expect to raise the
scale of duties on imports, and yet pay the
penses of the Government without resorting to d.
rect taxation. Whether that sort of economy
is altogether practicable, and whether can al
lord to dispense with troops for the protection of
our frontiers, and with ships-of-war for the pro-
lection of our commerce, we are somewhat in
clined to doubt. In the meanwhile, we note the
meetings at Dover and at Philadelphia, as among
the signs of the times. SO far as they indicate
disposition on the part of the people to raise other
issues than the hateful one of Slavery, we rejoice
at the movement. So far they look to the es-
Enlistment of a National Party with but one prin-
ciple, and that equally obsolete and mpracticable
we predict the failure of the movement.